Qualibox: 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.
Qualibox
Largest movements
- Tangible fixed assets +€258,077
up €258,077 (+89.7%), from €287,692 to €545,769
- Debts after one year +€184,424
up €184,424 (+249.1%), from €74,026 to €258,450
- Other debts +€84,417
up €84,417 (+78.6%), from €107,450 to €191,867
- Profit (loss) carried forward -€7,903
new in 2025: -€7,903
- Current portion of long-term debt +€7,716
up €7,716 (+70.6%), from €10,927 to €18,643
- Depreciation +€16,700
up €16,700 (+107.3%), from €15,565 to €32,265
- Gross operating margin +€11,704
up €11,704 (+46.0%), from €25,421 to €37,125
- Financial charges +€6,316
up €6,316 (+259.1%), from €2,437 to €8,754
- Other operating charges +€2,530
up €2,530 (+70.9%), from €3,569 to €6,099
- Taxes -€1,303
down €1,303 (-100.0%), from €1,303 to €0
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 | €289,451 | €554,410 | +€264,960 | +91.5% |
| Fixed assets | 21/28 | €287,692 | €545,769 | +€258,077 | +89.7% |
| Tangible fixed assets | 22/27 | €287,692 | €545,769 | +€258,077 | +89.7% |
| Land and buildings | 22 | €287,692 | €545,769 | +€258,077 | +89.7% |
| Current assets | 29/58 | €1,759 | €8,641 | +€6,882 | +391.2% |
| Amounts receivable within one year | 40/41 | €0 | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €0 | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €1,259 | €6,641 | +€5,382 | +427.4% |
| Deferred charges and accrued income | 490/1 | €500 | €0 | -€500 | -100.0% |
| Total equity and liabilities | 10/49 | €289,451 | €554,410 | +€264,960 | +91.5% |
| Equity | 10/15 | €94,895 | €84,902 | -€9,993 | -10.5% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Reserves | 13 | €42,895 | €40,805 | -€2,090 | -4.9% |
| Non-distributable reserves | 130/1 | €5,200 | €5,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,200 | €5,200 | = | 0.0% |
| Distributable reserves | 133 | €37,695 | €35,605 | -€2,090 | -5.5% |
| Profit (loss) carried forward | 14 | - | -€7,903 | -€7,903 | |
| Amounts payable | 17/49 | €194,556 | €469,509 | +€274,952 | +141.3% |
| Amounts payable after more than one year | 17 | €74,026 | €258,450 | +€184,424 | +249.1% |
| Financial debts | 170/4 | €74,026 | €258,450 | +€184,424 | +249.1% |
| Amounts payable within one year | 42/48 | €119,680 | €211,059 | +€91,379 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | €10,927 | €18,643 | +€7,716 | +70.6% |
| Trade debts | 44 | €0 | €549 | +€549 | |
| Suppliers | 440/4 | €0 | €549 | +€549 | |
| Taxes, remuneration and social security | 45 | €1,303 | €0 | -€1,303 | -100.0% |
| Taxes | 450/3 | €1,303 | €0 | -€1,303 | -100.0% |
| Other amounts payable | 47/48 | €107,450 | €191,867 | +€84,417 | +78.6% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,565 | €32,265 | +€16,700 | +107.3% |
| Other operating charges | 640/8 | €3,569 | €6,099 | +€2,530 | +70.9% |
| Gross operating margin | 9900 | €25,421 | €37,125 | +€11,704 | +46.0% |
| Operating profit (loss) | 9901 | €6,287 | -€1,239 | -€7,526 | |
| Financial charges | 65/66B | €2,437 | €8,754 | +€6,316 | +259.1% |
| Recurring financial charges | 65 | €2,437 | €8,754 | +€6,316 | +259.1% |
| Profit (loss) for the period before taxes | 9903 | €3,849 | -€9,993 | -€13,842 | |
| Income taxes | 67/77 | €1,303 | €0 | -€1,303 | -100.0% |
| Profit (loss) for the period | 9904 | €2,546 | -€9,993 | -€12,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,546 | -€9,993 | -€12,538 |
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 3 October 2026 via checked.be.