QUALIA: 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.
QUALIA
Largest movements
- Receivables within one year +€36,246
up €36,246 (+61.2%), from €59,187 to €95,432
of which Other amounts receivable: +€35,209
- Cash +€12,564
up €12,564 (+31.9%), from €39,385 to €51,949
mainly Net result for the year (+€49,984) and Other debts (+€22,860)
- Tangible fixed assets -€2,555
down €2,555 (-43.1%), from €5,933 to €3,378
of which Furniture and vehicles: -€2,104
- Reserves +€48,124
up €48,124 (+143.0%), from €33,657 to €81,781
- Other debts +€22,860
new in 2025: €22,860
- Profit (loss) carried forward -€21,000
down €21,000 (-41.4%), from €50,713 to €29,713
- Tax, wage and social debts -€2,856
down €2,856 (-90.3%), from €3,163 to €306
- Gross operating margin +€8,904
up €8,904 (+15.4%), from €57,926 to €66,830
- Taxes -€8,218
down €8,218 (-35.7%), from €23,024 to €14,806
- Financial income +€1,272
up €1,272 (+58.9%), from €2,159 to €3,431
- Financial charges +€947
up €947 (+71.7%), from €1,321 to €2,269
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 | €106,945 | €153,260 | +€46,315 | +43.3% |
| Fixed assets | 21/28 | €5,933 | €3,378 | -€2,555 | -43.1% |
| Tangible fixed assets | 22/27 | €5,933 | €3,378 | -€2,555 | -43.1% |
| Furniture and vehicles | 24 | €3,920 | €1,816 | -€2,104 | -53.7% |
| Other tangible fixed assets | 26 | €2,012 | €1,562 | -€450 | -22.4% |
| Current assets | 29/58 | €101,013 | €149,882 | +€48,869 | +48.4% |
| Amounts receivable within one year | 40/41 | €59,187 | €95,432 | +€36,246 | +61.2% |
| Trade receivables | 40 | €10,276 | €11,314 | +€1,037 | +10.1% |
| Other amounts receivable | 41 | €48,910 | €84,119 | +€35,209 | +72.0% |
| Cash at bank and in hand | 54/58 | €39,385 | €51,949 | +€12,564 | +31.9% |
| Deferred charges and accrued income | 490/1 | €2,441 | €2,501 | +€60 | +2.5% |
| Total equity and liabilities | 10/49 | €106,945 | €153,260 | +€46,315 | +43.3% |
| Equity | 10/15 | €102,970 | €130,094 | +€27,124 | +26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,657 | €81,781 | +€48,124 | +143.0% |
| Distributable reserves | 133 | €33,657 | €81,781 | +€48,124 | +143.0% |
| Profit (loss) carried forward | 14 | €50,713 | €29,713 | -€21,000 | -41.4% |
| Amounts payable | 17/49 | €3,975 | €23,166 | +€19,191 | +482.7% |
| Amounts payable within one year | 42/48 | €3,975 | €23,166 | +€19,191 | +482.7% |
| Trade debts | 44 | €813 | - | -€813 | |
| Suppliers | 440/4 | €813 | - | -€813 | |
| Taxes, remuneration and social security | 45 | €3,163 | €306 | -€2,856 | -90.3% |
| Taxes | 450/3 | €3,163 | €306 | -€2,856 | -90.3% |
| Other amounts payable | 47/48 | - | €22,860 | +€22,860 | |
| Non-recurring operating income | 76A | €1,016 | - | -€1,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,193 | €2,555 | -€638 | -20.0% |
| Other operating charges | 640/8 | €751 | €648 | -€103 | -13.7% |
| Gross operating margin | 9900 | €57,926 | €66,830 | +€8,904 | +15.4% |
| Operating profit (loss) | 9901 | €53,983 | €63,627 | +€9,645 | +17.9% |
| Financial income | 75/76B | €2,159 | €3,431 | +€1,272 | +58.9% |
| Recurring financial income | 75 | €2,159 | €3,431 | +€1,272 | +58.9% |
| Financial charges | 65/66B | €1,321 | €2,269 | +€947 | +71.7% |
| Recurring financial charges | 65 | €1,321 | €2,269 | +€947 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €54,821 | €64,790 | +€9,969 | +18.2% |
| Income taxes | 67/77 | €23,024 | €14,806 | -€8,218 | -35.7% |
| Profit (loss) for the period | 9904 | €31,797 | €49,984 | +€18,187 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,797 | €49,984 | +€18,187 | +57.2% |
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 7 October 2026 via checked.be.