Qualibre: 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.
Qualibre
Largest movements
- Tangible fixed assets -€24,048
down €24,048 (-23.9%), from €100,486 to €76,438
of which Furniture and vehicles: -€15,519
- Cash +€2,762
up €2,762 (+90.4%), from €3,054 to €5,816
mainly Debts after one year (+€41,275) and Investment in fixed assets (net) (+€12,421)
- Receivables within one year +€1,093
up €1,093 (+189%), from €578 to €1,672
of which Trade receivables: +€1,588
- Debts after one year +€41,275
up €41,275 (+48.6%), from €85,000 to €126,275
- Trade debts -€32,316
down €32,316 (-67.7%), from €47,724 to €15,408
- Profit (loss) carried forward -€24,432
down €24,432 (-56.4%), from -€43,298 to -€67,731
- Advances received -€6,433
down €6,433 (-100%), from €6,433 to €0
- Other debts +€1,755
up €1,755 (+35.0%), from €5,016 to €6,771
- Gross operating margin +€9,672
up €9,672 (+47.1%), from -€20,531 to -€10,859
- Depreciation -€4,458
down €4,458 (-27.7%), from €16,086 to €11,628
- Financial charges -€796
down €796 (-74.8%), from €1,064 to €268
- Other operating charges +€360
up €360 (+33.8%), from €1,064 to €1,424
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 | €104,118 | €84,222 | -€19,896 | -19.1% |
| Fixed assets | 21/28 | €100,486 | €76,438 | -€24,048 | -23.9% |
| Tangible fixed assets | 22/27 | €100,486 | €76,438 | -€24,048 | -23.9% |
| Plant, machinery and equipment | 23 | €68 | €0 | -€68 | -100% |
| Furniture and vehicles | 24 | €27,553 | €12,034 | -€15,519 | -56.3% |
| Other tangible fixed assets | 26 | €72,865 | €64,404 | -€8,461 | -11.6% |
| Current assets | 29/58 | €3,632 | €7,785 | +€4,152 | +114% |
| Amounts receivable within one year | 40/41 | €578 | €1,672 | +€1,093 | +189% |
| Trade receivables | 40 | €0 | €1,588 | +€1,588 | |
| Other amounts receivable | 41 | €578 | €84 | -€494 | -85.5% |
| Cash at bank and in hand | 54/58 | €3,054 | €5,816 | +€2,762 | +90.4% |
| Deferred charges and accrued income | 490/1 | - | €297 | +€297 | |
| Total equity and liabilities | 10/49 | €104,118 | €84,222 | -€19,896 | -19.1% |
| Equity | 10/15 | -€40,298 | -€64,731 | -€24,432 | -60.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,298 | -€67,731 | -€24,432 | -56.4% |
| Amounts payable | 17/49 | €144,417 | €148,953 | +€4,536 | +3.1% |
| Amounts payable after more than one year | 17 | €85,000 | €126,275 | +€41,275 | +48.6% |
| Financial debts | 170/4 | €85,000 | €126,275 | +€41,275 | +48.6% |
| Amounts payable within one year | 42/48 | €59,417 | €22,678 | -€36,739 | -61.8% |
| Trade debts | 44 | €47,724 | €15,408 | -€32,316 | -67.7% |
| Suppliers | 440/4 | €47,724 | €15,408 | -€32,316 | -67.7% |
| Advances received on contracts in progress | 46 | €6,433 | €0 | -€6,433 | -100% |
| Taxes, remuneration and social security | 45 | €244 | €499 | +€255 | +105% |
| Taxes | 450/3 | €244 | €499 | +€255 | +105% |
| Other amounts payable | 47/48 | €5,016 | €6,771 | +€1,755 | +35.0% |
| Non-recurring operating income | 76A | €0 | €7,537 | +€7,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,086 | €11,628 | -€4,458 | -27.7% |
| Other operating charges | 640/8 | €1,064 | €1,424 | +€360 | +33.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€20,531 | -€10,859 | +€9,672 | +47.1% |
| Operating profit (loss) | 9901 | -€37,681 | -€23,911 | +€13,770 | +36.5% |
| Financial income | 75/76B | €1 | €2 | +€1 | +254% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +254% |
| Financial charges | 65/66B | €1,064 | €268 | -€796 | -74.8% |
| Recurring financial charges | 65 | €1,064 | €268 | -€796 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,745 | -€24,177 | +€14,567 | +37.6% |
| Income taxes | 67/77 | €244 | €255 | +€12 | +4.7% |
| Profit (loss) for the period | 9904 | -€38,988 | -€24,432 | +€14,556 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,988 | -€24,432 | +€14,556 | +37.3% |
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 17 October 2026 via checked.be.