QUALICONSTRUCT 5000: 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.
QUALICONSTRUCT 5000
Largest movements
- Receivables within one year +€211,831
up €211,831 (+45.3%), from €467,640 to €679,471
of which Trade receivables: +€233,094
- Cash -€127,862
down €127,862 (-89.7%), from €142,548 to €14,686
mainly Receivables within one year (-€211,831) and Debts after one year (-€46,856)
- Stocks and contracts -€100,933
down €100,933 (-89.2%), from €113,215 to €12,281
of which Contracts in progress: -€100,933
- Tangible fixed assets -€21,462
down €21,462 (-5.3%), from €406,037 to €384,575
of which Leasing and similar rights: -€21,673
- Debts after one year -€46,856
down €46,856 (-22.8%), from €205,485 to €158,629
- Profit (loss) carried forward +€26,800
up €26,800 (+7.5%), from €358,523 to €385,323
- Trade debts -€20,303
down €20,303 (-13.3%), from €152,167 to €131,864
- Gross operating margin -€170,912
down €170,912 (-42.2%), from €405,080 to €234,168
- Write-downs -€116,622
no longer reported in 2025 (was €116,622)
- Staff costs -€31,803
down €31,803 (-21.8%), from €145,883 to €114,080
- Depreciation +€13,919
up €13,919 (+38.6%), from €36,052 to €49,971
- Financial charges -€7,430
down €7,430 (-21.2%), from €35,126 to €27,696
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 | €1,138,511 | €1,095,747 | -€42,765 | -3.8% |
| Fixed assets | 21/28 | €406,687 | €385,225 | -€21,462 | -5.3% |
| Tangible fixed assets | 22/27 | €406,037 | €384,575 | -€21,462 | -5.3% |
| Land and buildings | 22 | €289,759 | €269,734 | -€20,025 | -6.9% |
| Plant, machinery and equipment | 23 | €3,122 | €2,477 | -€645 | -20.6% |
| Furniture and vehicles | 24 | €17,484 | €38,364 | +€20,880 | +119% |
| Leasing and similar rights | 25 | €95,673 | €74,000 | -€21,673 | -22.7% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €731,824 | €710,522 | -€21,302 | -2.9% |
| Stocks and contracts in progress | 3 | €113,215 | €12,281 | -€100,933 | -89.2% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Contracts in progress | 37 | €103,215 | €2,281 | -€100,933 | -97.8% |
| Amounts receivable within one year | 40/41 | €467,640 | €679,471 | +€211,831 | +45.3% |
| Trade receivables | 40 | €424,756 | €657,851 | +€233,094 | +54.9% |
| Other amounts receivable | 41 | €42,884 | €21,620 | -€21,264 | -49.6% |
| Cash at bank and in hand | 54/58 | €142,548 | €14,686 | -€127,862 | -89.7% |
| Deferred charges and accrued income | 490/1 | €8,421 | €4,084 | -€4,337 | -51.5% |
| Total equity and liabilities | 10/49 | €1,138,511 | €1,095,747 | -€42,765 | -3.8% |
| Equity | 10/15 | €472,175 | €498,975 | +€26,800 | +5.7% |
| Contributions | 10/11 | €99,902 | €99,902 | = | 0.0% |
| Capital | 10 | €99,902 | €99,902 | = | 0.0% |
| Issued capital | 100 | €99,902 | €99,902 | = | 0.0% |
| Reserves | 13 | €13,750 | €13,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,750 | €3,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,523 | €385,323 | +€26,800 | +7.5% |
| Amounts payable | 17/49 | €666,336 | €596,772 | -€69,565 | -10.4% |
| Amounts payable after more than one year | 17 | €205,485 | €158,629 | -€46,856 | -22.8% |
| Financial debts | 170/4 | €205,485 | €158,629 | -€46,856 | -22.8% |
| Amounts payable within one year | 42/48 | €452,143 | €438,143 | -€14,000 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €48,063 | €46,216 | -€1,847 | -3.8% |
| Financial debts | 43 | €225,000 | €225,000 | = | 0.0% |
| Credit institutions | 430/8 | €225,000 | €225,000 | = | 0.0% |
| Trade debts | 44 | €152,167 | €131,864 | -€20,303 | -13.3% |
| Suppliers | 440/4 | €152,167 | €131,864 | -€20,303 | -13.3% |
| Taxes, remuneration and social security | 45 | €19,046 | €27,196 | +€8,150 | +42.8% |
| Taxes | 450/3 | €1,344 | €12,790 | +€11,446 | +852% |
| Remuneration and social security | 454/9 | €17,702 | €14,406 | -€3,296 | -18.6% |
| Other amounts payable | 47/48 | €7,867 | €7,867 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,709 | - | -€8,709 | |
| Remuneration, social security and pensions | 62 | €145,883 | €114,080 | -€31,803 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,052 | €49,971 | +€13,919 | +38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €116,622 | - | -€116,622 | |
| Other operating charges | 640/8 | €5,037 | €3,621 | -€1,416 | -28.1% |
| Non-recurring operating charges | 66A | €15,000 | - | -€15,000 | |
| Gross operating margin | 9900 | €405,080 | €234,168 | -€170,912 | -42.2% |
| Operating profit (loss) | 9901 | €86,486 | €66,496 | -€19,990 | -23.1% |
| Financial income | 75/76B | €28 | €65 | +€37 | +134% |
| Recurring financial income | 75 | €28 | €65 | +€37 | +134% |
| Financial charges | 65/66B | €35,126 | €27,696 | -€7,430 | -21.2% |
| Recurring financial charges | 65 | €35,126 | €27,696 | -€7,430 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €51,387 | €38,865 | -€12,523 | -24.4% |
| Income taxes | 67/77 | €12,063 | €12,065 | +€2 | 0.0% |
| Profit (loss) for the period | 9904 | €39,325 | €26,800 | -€12,525 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,325 | €26,800 | -€12,525 | -31.8% |
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 29 October 2026 via checked.be.