QUALI - PRINT: 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.
QUALI - PRINT
Largest movements
- Tangible fixed assets -€59,532
down €59,532 (-5.2%), from €1.1m to €1.1m
of which Land and buildings: -€74,424
- Receivables within one year +€30,082
up €30,082 (+2.7%), from €1.1m to €1.1m
of which Other amounts receivable: +€30,583
- Current portion of long-term debt -€101,845
down €101,845 (-16.1%), from €633,504 to €531,659
- Trade debts +€42,522
up €42,522 (+19.1%), from €222,463 to €264,985
- Other debts +€24,180
up €24,180 (+1.8%), from €1.3m to €1.4m
- Financial charges -€18,795
down €18,795 (-28.4%), from €66,244 to €47,449
- Gross operating margin -€18,005
down €18,005 (-14.4%), from €125,121 to €107,116
- Financial income -€9,897
down €9,897 (-24.3%), from €40,727 to €30,830
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 | €2,272,818 | €2,243,772 | -€29,046 | -1.3% |
| Fixed assets | 21/28 | €1,144,038 | €1,084,506 | -€59,532 | -5.2% |
| Tangible fixed assets | 22/27 | €1,144,031 | €1,084,499 | -€59,532 | -5.2% |
| Land and buildings | 22 | €1,144,031 | €1,069,607 | -€74,424 | -6.5% |
| Plant, machinery and equipment | 23 | - | €6,892 | +€6,892 | |
| Furniture and vehicles | 24 | - | €8,000 | +€8,000 | |
| Financial fixed assets | 28 | €7 | €7 | = | 0.0% |
| Current assets | 29/58 | €1,128,780 | €1,159,266 | +€30,486 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,113,353 | €1,143,435 | +€30,082 | +2.7% |
| Trade receivables | 40 | €6,818 | €6,317 | -€501 | -7.3% |
| Other amounts receivable | 41 | €1,106,535 | €1,137,118 | +€30,583 | +2.8% |
| Cash at bank and in hand | 54/58 | €6,930 | €7,034 | +€104 | +1.5% |
| Deferred charges and accrued income | 490/1 | €8,497 | €8,797 | +€300 | +3.5% |
| Total equity and liabilities | 10/49 | €2,272,818 | €2,243,772 | -€29,046 | -1.3% |
| Equity | 10/15 | €75,908 | €79,444 | +€3,536 | +4.7% |
| Contributions | 10/11 | €18,592 | €18,593 | +€1 | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,593 | +€1 | 0.0% |
| Other | 1109/19 | €18,592 | €18,593 | +€1 | 0.0% |
| Reserves | 13 | €57,316 | €60,851 | +€3,535 | +6.2% |
| Tax-exempt reserves | 132 | €19,310 | €19,309 | -€1 | 0.0% |
| Distributable reserves | 133 | €38,006 | €41,542 | +€3,536 | +9.3% |
| Amounts payable | 17/49 | €2,196,910 | €2,164,328 | -€32,582 | -1.5% |
| Amounts payable after more than one year | 17 | - | €3,242 | +€3,242 | |
| Financial debts | 170/4 | - | €3,242 | +€3,242 | |
| Amounts payable within one year | 42/48 | €2,196,910 | €2,161,086 | -€35,824 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €633,504 | €531,659 | -€101,845 | -16.1% |
| Trade debts | 44 | €222,463 | €264,985 | +€42,522 | +19.1% |
| Suppliers | 440/4 | €222,463 | €264,985 | +€42,522 | +19.1% |
| Taxes, remuneration and social security | 45 | €8,117 | €7,436 | -€681 | -8.4% |
| Taxes | 450/3 | €8,117 | €7,436 | -€681 | -8.4% |
| Other amounts payable | 47/48 | €1,332,826 | €1,357,006 | +€24,180 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,424 | €75,647 | +€1,223 | +1.6% |
| Other operating charges | 640/8 | €11,058 | €11,315 | +€257 | +2.3% |
| Gross operating margin | 9900 | €125,121 | €107,116 | -€18,005 | -14.4% |
| Operating profit (loss) | 9901 | €39,639 | €20,154 | -€19,485 | -49.2% |
| Financial income | 75/76B | €40,727 | €30,830 | -€9,897 | -24.3% |
| Recurring financial income | 75 | €40,727 | €30,830 | -€9,897 | -24.3% |
| Financial charges | 65/66B | €66,244 | €47,449 | -€18,795 | -28.4% |
| Recurring financial charges | 65 | €66,244 | €47,449 | -€18,795 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €14,122 | €3,535 | -€10,587 | -75.0% |
| Profit (loss) for the period | 9904 | €14,122 | €3,535 | -€10,587 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,122 | €3,535 | -€10,587 | -75.0% |
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 25 October 2026 via checked.be.