QUALIA: 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.
What changed
QUALIA
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€103,018
2024 · -€29,387-€73,631
Equity
€2.4m
2024 · €2.5m-€29,735
Cash
€173,292
2024 · €161,352+€11,940
Balance sheet total
€8.2m
2024 · €8.4m-€185,134
Largest movements
Assets
- Tangible fixed assets -€204,480
down €204,480 (-2.5%), from €8.2m to €8.0m
of which Land and buildings: -€276,728
Equity and liabilities
- Debts after one year -€152,580
down €152,580 (-3.1%), from €4.9m to €4.8m
of which Financial debts: -€152,580
Income statement
- Gross operating margin -€38,890
down €38,890 (-10.8%), from €361,671 to €322,782
- Depreciation +€37,594
up €37,594 (+13.3%), from €282,714 to €320,308
- Financial charges -€8,325
down €8,325 (-10.0%), from €82,917 to €74,592
- Other operating charges +€6,418
up €6,418 (+14.7%), from €43,806 to €50,224
- Financial income +€3,803
up €3,803 (+6,618%), from €57 to €3,861
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.
Result 2024
-€29,387
Gross operating margin
-€38,890
Depreciation
-€37,594
Other operating charges
-€6,418
Other operating items
-€5,422
Financial income
+€3,803
Financial charges
+€8,325
Taxes
+€2,564
Result 2025
-€103,018
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€194,797
Investment
-€115,828
Financing
-€67,029
Cash 2024
€161,352
From operations (derived)
+€194,797
Net result for the year
-€103,018
Depreciation
+€320,308
Receivables within one year
-€5,549
Deferred charges and accrued income
-€1,857
Provisions
-€21,016
Trade debts
+€27,753
Tax, wage and social debts
-€1,099
Other debts
-€20,726
Investment (derived)
-€115,828
Investment in fixed assets (net)
-€115,828
Financing
-€67,029
Debts after one year
-€152,580
Current portion of long-term debt
+€12,268
Contributions, distributions and other
+€73,283
Cash 2025
€173,292
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,393,725 | €8,208,591 | -€185,134 | -2.2% |
| Fixed assets | 21/28 | €8,230,022 | €8,025,542 | -€204,480 | -2.5% |
| Tangible fixed assets | 22/27 | €8,230,022 | €8,025,542 | -€204,480 | -2.5% |
| Land and buildings | 22 | €7,944,051 | €7,667,324 | -€276,728 | -3.5% |
| Plant, machinery and equipment | 23 | €284,579 | €304,083 | +€19,504 | +6.9% |
| Furniture and vehicles | 24 | €1,392 | €54,135 | +€52,744 | +3,790% |
| Current assets | 29/58 | €163,704 | €183,050 | +€19,346 | +11.8% |
| Amounts receivable within one year | 40/41 | €774 | €6,323 | +€5,549 | +716% |
| Trade receivables | 40 | €774 | €6,323 | +€5,549 | +716% |
| Cash at bank and in hand | 54/58 | €161,352 | €173,292 | +€11,940 | +7.4% |
| Deferred charges and accrued income | 490/1 | €1,577 | €3,434 | +€1,857 | +118% |
| Total equity and liabilities | 10/49 | €8,393,725 | €8,208,591 | -€185,134 | -2.2% |
| Equity | 10/15 | €2,453,955 | €2,424,220 | -€29,735 | -1.2% |
| Contributions | 10/11 | €63,028 | €63,028 | = | 0.0% |
| Reserves | 13 | €1,742,467 | €1,688,090 | -€54,377 | -3.1% |
| Non-distributable reserves | 130/1 | €35,800 | €35,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,800 | €35,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,439,190 | €1,384,813 | -€54,377 | -3.8% |
| Distributable reserves | 133 | €267,476 | €267,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | €648,461 | €599,820 | -€48,641 | -7.5% |
| Investment grants | 15 | - | €73,283 | +€73,283 | |
| Provisions and deferred taxes | 16 | €519,254 | €498,238 | -€21,016 | -4.0% |
| Deferred taxes | 168 | €519,254 | €498,238 | -€21,016 | -4.0% |
| Amounts payable | 17/49 | €5,420,516 | €5,286,133 | -€134,383 | -2.5% |
| Amounts payable after more than one year | 17 | €4,903,540 | €4,750,961 | -€152,580 | -3.1% |
| Financial debts | 170/4 | €4,897,576 | €4,744,997 | -€152,580 | -3.1% |
| Other amounts payable | 178/9 | €5,964 | €5,964 | = | 0.0% |
| Amounts payable within one year | 42/48 | €516,976 | €535,172 | +€18,196 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €172,684 | €184,952 | +€12,268 | +7.1% |
| Trade debts | 44 | €11,177 | €38,930 | +€27,753 | +248% |
| Suppliers | 440/4 | €11,177 | €38,930 | +€27,753 | +248% |
| Taxes, remuneration and social security | 45 | €7,220 | €6,121 | -€1,099 | -15.2% |
| Taxes | 450/3 | €7,220 | €6,121 | -€1,099 | -15.2% |
| Other amounts payable | 47/48 | €325,895 | €305,169 | -€20,726 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282,714 | €320,308 | +€37,594 | +13.3% |
| Other operating charges | 640/8 | €43,806 | €50,224 | +€6,418 | +14.7% |
| Non-recurring operating charges | 66A | - | €5,422 | +€5,422 | |
| Gross operating margin | 9900 | €361,671 | €322,782 | -€38,890 | -10.8% |
| Operating profit (loss) | 9901 | €35,151 | -€53,172 | -€88,323 | |
| Financial income | 75/76B | €57 | €3,861 | +€3,803 | +6,618% |
| Recurring financial income | 75 | €57 | €3,861 | +€3,803 | +6,618% |
| Financial charges | 65/66B | €82,917 | €74,592 | -€8,325 | -10.0% |
| Recurring financial charges | 65 | €82,917 | €74,592 | -€8,325 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,709 | -€123,904 | -€76,195 | -160% |
| Transfer from deferred taxes | 780 | €21,016 | €21,016 | = | 0.0% |
| Income taxes | 67/77 | €2,694 | €130 | -€2,564 | -95.2% |
| Profit (loss) for the period | 9904 | -€29,387 | -€103,018 | -€73,631 | -251% |
| Transfer from tax-exempt reserves | 789 | €54,377 | €54,377 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,990 | -€48,641 | -€73,631 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.