Qualibau: 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.
Qualibau
Largest movements
- Stocks and contracts +€400,314
up €400,314 (+110.2%), from €363,289 to €763,603
- Cash +€32,587
up €32,587 (+64875.5%), from €50 to €32,637
mainly Other debts (+€241,534) and Debts after one year (+€170,532)
- Other debts +€241,534
up €241,534 (+66.2%), from €364,827 to €606,361
- Debts after one year +€170,532
new in 2025: €170,532
- Short-term financial debts +€37,328
new in 2025: €37,328
- Profit (loss) carried forward -€12,258
down €12,258 (-70.3%), from -€17,427 to -€29,685
- Gross operating margin +€8,404
up €8,404 (+49.3%), from -€17,032 to -€8,629
- Financial charges +€2,212
up €2,212 (+31324.9%), from €7 to €2,219
- Other operating charges +€1,023
up €1,023 (+264.2%), from €387 to €1,411
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 | €363,339 | €796,240 | +€432,901 | +119.1% |
| Current assets | 29/58 | €363,339 | €796,240 | +€432,901 | +119.1% |
| Stocks and contracts in progress | 3 | €363,289 | €763,603 | +€400,314 | +110.2% |
| Stocks | 30/36 | €363,289 | €763,603 | +€400,314 | +110.2% |
| Cash at bank and in hand | 54/58 | €50 | €32,637 | +€32,587 | +64875.5% |
| Total equity and liabilities | 10/49 | €363,339 | €796,240 | +€432,901 | +119.1% |
| Equity | 10/15 | -€7,427 | -€19,685 | -€12,258 | -165.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,427 | -€29,685 | -€12,258 | -70.3% |
| Amounts payable | 17/49 | €370,765 | €815,925 | +€445,159 | +120.1% |
| Amounts payable after more than one year | 17 | - | €170,532 | +€170,532 | |
| Financial debts | 170/4 | - | €170,532 | +€170,532 | |
| Amounts payable within one year | 42/48 | €370,765 | €645,393 | +€274,627 | +74.1% |
| Financial debts | 43 | - | €37,328 | +€37,328 | |
| Credit institutions | 430/8 | - | €37,328 | +€37,328 | |
| Trade debts | 44 | €5,939 | €1,703 | -€4,235 | -71.3% |
| Suppliers | 440/4 | €5,939 | €1,703 | -€4,235 | -71.3% |
| Other amounts payable | 47/48 | €364,827 | €606,361 | +€241,534 | +66.2% |
| Other operating charges | 640/8 | €387 | €1,411 | +€1,023 | +264.2% |
| Gross operating margin | 9900 | -€17,032 | -€8,629 | +€8,404 | +49.3% |
| Operating profit (loss) | 9901 | -€17,420 | -€10,039 | +€7,380 | +42.4% |
| Financial charges | 65/66B | €7 | €2,219 | +€2,212 | +31324.9% |
| Recurring financial charges | 65 | €7 | €2,219 | +€2,212 | +31324.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,427 | -€12,258 | +€5,169 | +29.7% |
| Profit (loss) for the period | 9904 | -€17,427 | -€12,258 | +€5,169 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,427 | -€12,258 | +€5,169 | +29.7% |
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 5 October 2026 via checked.be.