QUALEAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QUALEAN
Largest movements
- Cash -€115,167
down €115,167 (-41.4%), from €278,259 to €163,092
mainly Contributions, distributions and other (-€84,958) and Current investments (-€79,900)
- Current investments +€79,900
up €79,900 (+786%), from €10,165 to €90,064
- Tangible fixed assets -€4,254
down €4,254 (-42.1%), from €10,111 to €5,857
of which Furniture and vehicles: -€3,872
- Tax, wage and social debts -€28,680
down €28,680 (-63.3%), from €45,332 to €16,652
- Other debts -€10,367
down €10,367 (-12.6%), from €82,582 to €72,215
- Taxes +€5,430
up €5,430 (+22.8%), from €23,829 to €29,259
- Gross operating margin +€1,232
up €1,232 (+1.1%), from €116,848 to €118,081
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,897 | €272,427 | -€38,470 | -12.4% |
| Fixed assets | 21/28 | €10,261 | €6,007 | -€4,254 | -41.5% |
| Tangible fixed assets | 22/27 | €10,111 | €5,857 | -€4,254 | -42.1% |
| Furniture and vehicles | 24 | €6,337 | €2,465 | -€3,872 | -61.1% |
| Other tangible fixed assets | 26 | €3,774 | €3,392 | -€382 | -10.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €300,636 | €266,420 | -€34,217 | -11.4% |
| Amounts receivable within one year | 40/41 | €10,639 | €11,675 | +€1,036 | +9.7% |
| Trade receivables | 40 | €10,009 | €11,564 | +€1,554 | +15.5% |
| Other amounts receivable | 41 | €630 | €111 | -€519 | -82.4% |
| Current investments | 50/53 | €10,165 | €90,064 | +€79,900 | +786% |
| Cash at bank and in hand | 54/58 | €278,259 | €163,092 | -€115,167 | -41.4% |
| Deferred charges and accrued income | 490/1 | €1,574 | €1,589 | +€15 | +1.0% |
| Total equity and liabilities | 10/49 | €310,897 | €272,427 | -€38,470 | -12.4% |
| Equity | 10/15 | €182,829 | €182,829 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €180,829 | €180,829 | = | 0.0% |
| Distributable reserves | 133 | €180,829 | €180,829 | = | 0.0% |
| Amounts payable | 17/49 | €128,068 | €89,598 | -€38,470 | -30.0% |
| Amounts payable within one year | 42/48 | €128,068 | €89,598 | -€38,470 | -30.0% |
| Trade debts | 44 | €155 | €732 | +€577 | +372% |
| Suppliers | 440/4 | €155 | €732 | +€577 | +372% |
| Taxes, remuneration and social security | 45 | €45,332 | €16,652 | -€28,680 | -63.3% |
| Taxes | 450/3 | €45,332 | €16,652 | -€28,680 | -63.3% |
| Other amounts payable | 47/48 | €82,582 | €72,215 | -€10,367 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,917 | €4,254 | +€337 | +8.6% |
| Other operating charges | 640/8 | - | €398 | +€398 | |
| Gross operating margin | 9900 | €116,848 | €118,081 | +€1,232 | +1.1% |
| Operating profit (loss) | 9901 | €112,931 | €113,428 | +€497 | +0.4% |
| Financial income | 75/76B | - | €860 | +€860 | |
| Recurring financial income | 75 | - | €860 | +€860 | |
| Financial charges | 65/66B | €89 | €70 | -€19 | -20.9% |
| Recurring financial charges | 65 | €89 | €70 | -€19 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €112,842 | €114,218 | +€1,375 | +1.2% |
| Income taxes | 67/77 | €23,829 | €29,259 | +€5,430 | +22.8% |
| Profit (loss) for the period | 9904 | €89,014 | €84,958 | -€4,055 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,014 | €84,958 | -€4,055 | -4.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.