QUALEX: what changed
Two fiscal 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.
QUALEX
Largest movements
- Cash +€41,373
up €41,373 (+169.9%), from €24,353 to €65,725
mainly Net result for the year (+€42,942) and Trade debts (+€14,046)
- Receivables within one year +€17,282
up €17,282 (+900.0%), from €1,920 to €19,202
- Profit (loss) carried forward +€42,942
up €42,942 (+311.2%), from €13,799 to €56,740
- Trade debts +€14,046
up €14,046 (+175.8%), from €7,991 to €22,038
- Tax, wage and social debts +€1,668
up €1,668 (+63.2%), from €2,638 to €4,307
- Gross operating margin +€36,485
up €36,485 (+205.3%), from €17,772 to €54,257
- Taxes +€7,236
up €7,236 (+201.9%), from €3,585 to €10,821
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.
Cash bridge derived
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 | €26,528 | €85,185 | +€58,656 | +221.1% |
| Current assets | 29/58 | €26,528 | €85,185 | +€58,656 | +221.1% |
| Amounts receivable within one year | 40/41 | €1,920 | €19,202 | +€17,282 | +900.0% |
| Trade receivables | 40 | €1,920 | €19,202 | +€17,282 | +900.0% |
| Cash at bank and in hand | 54/58 | €24,353 | €65,725 | +€41,373 | +169.9% |
| Deferred charges and accrued income | 490/1 | €255 | €257 | +€2 | +0.7% |
| Total equity and liabilities | 10/49 | €26,528 | €85,185 | +€58,656 | +221.1% |
| Equity | 10/15 | €15,899 | €58,840 | +€42,942 | +270.1% |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,799 | €56,740 | +€42,942 | +311.2% |
| Amounts payable | 17/49 | €10,630 | €26,344 | +€15,715 | +147.8% |
| Amounts payable within one year | 42/48 | €10,630 | €26,344 | +€15,715 | +147.8% |
| Trade debts | 44 | €7,991 | €22,038 | +€14,046 | +175.8% |
| Suppliers | 440/4 | €7,991 | €22,038 | +€14,046 | +175.8% |
| Taxes, remuneration and social security | 45 | €2,638 | €4,307 | +€1,668 | +63.2% |
| Taxes | 450/3 | €2,638 | €4,307 | +€1,668 | +63.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,772 | €54,257 | +€36,485 | +205.3% |
| Operating profit (loss) | 9901 | €17,385 | €53,857 | +€36,473 | +209.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1 | €95 | +€94 | +7151.9% |
| Recurring financial charges | 65 | €1 | €95 | +€94 | +7151.9% |
| Profit (loss) for the period before taxes | 9903 | €17,383 | €53,762 | +€36,379 | +209.3% |
| Income taxes | 67/77 | €3,585 | €10,821 | +€7,236 | +201.9% |
| Profit (loss) for the period | 9904 | €13,799 | €42,942 | +€29,143 | +211.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,799 | €42,942 | +€29,143 | +211.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.