QualiCorp: 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.
QualiCorp
Largest movements
- Receivables within one year +€29,467
up €29,467 (+53.7%), from €54,920 to €84,387
of which Other amounts receivable: +€34,959
- Cash +€15,160
up €15,160 (+18.1%), from €83,670 to €98,830
mainly Net result for the year (+€52,608) and Receivables after one year (+€12,750)
- Receivables after one year -€12,750
no longer reported in 2025 (was €12,750)
- Tangible fixed assets -€12,631
down €12,631 (-4.3%), from €292,694 to €280,063
of which Land and buildings: -€10,456
- Profit (loss) carried forward +€52,608
up €52,608 (+45.7%), from €115,126 to €167,734
- Reserves -€29,469
down €29,469 (-10.0%), from €293,943 to €264,474
- Gross operating margin +€13,331
up €13,331 (+18.6%), from €71,827 to €85,157
- Depreciation -€1,864
down €1,864 (-12.9%), from €14,495 to €12,631
- Financial charges -€1,282
down €1,282 (-37.8%), from €3,392 to €2,109
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 | €446,158 | €465,776 | +€19,618 | +4.4% |
| Fixed assets | 21/28 | €292,694 | €280,063 | -€12,631 | -4.3% |
| Tangible fixed assets | 22/27 | €292,694 | €280,063 | -€12,631 | -4.3% |
| Land and buildings | 22 | €282,708 | €272,251 | -€10,456 | -3.7% |
| Furniture and vehicles | 24 | €6,667 | €4,493 | -€2,174 | -32.6% |
| Other tangible fixed assets | 26 | €3,319 | €3,319 | = | 0.0% |
| Current assets | 29/58 | €153,464 | €185,713 | +€32,249 | +21.0% |
| Amounts receivable after more than one year | 29 | €12,750 | - | -€12,750 | |
| Other amounts receivable | 291 | €12,750 | - | -€12,750 | |
| Amounts receivable within one year | 40/41 | €54,920 | €84,387 | +€29,467 | +53.7% |
| Trade receivables | 40 | €42,265 | €36,774 | -€5,491 | -13.0% |
| Other amounts receivable | 41 | €12,654 | €47,613 | +€34,959 | +276.3% |
| Cash at bank and in hand | 54/58 | €83,670 | €98,830 | +€15,160 | +18.1% |
| Deferred charges and accrued income | 490/1 | €2,125 | €2,497 | +€372 | +17.5% |
| Total equity and liabilities | 10/49 | €446,158 | €465,776 | +€19,618 | +4.4% |
| Equity | 10/15 | €415,269 | €438,408 | +€23,139 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €293,943 | €264,474 | -€29,469 | -10.0% |
| Distributable reserves | 133 | €293,943 | €264,474 | -€29,469 | -10.0% |
| Profit (loss) carried forward | 14 | €115,126 | €167,734 | +€52,608 | +45.7% |
| Provisions and deferred taxes | 16 | €7,500 | €7,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,500 | €7,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable | 17/49 | €23,389 | €19,868 | -€3,521 | -15.1% |
| Amounts payable within one year | 42/48 | €21,814 | €18,293 | -€3,521 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €7,890 | €3,717 | -€4,173 | -52.9% |
| Trade debts | 44 | €5,298 | €6,603 | +€1,305 | +24.6% |
| Suppliers | 440/4 | €5,298 | €6,603 | +€1,305 | +24.6% |
| Taxes, remuneration and social security | 45 | €8,453 | €7,974 | -€479 | -5.7% |
| Taxes | 450/3 | €8,453 | €6,829 | -€1,624 | -19.2% |
| Remuneration and social security | 454/9 | - | €1,145 | +€1,145 | |
| Other amounts payable | 47/48 | €173 | - | -€173 | |
| Accrued charges and deferred income | 492/3 | €1,575 | €1,575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,495 | €12,631 | -€1,864 | -12.9% |
| Other operating charges | 640/8 | €3,994 | €3,789 | -€205 | -5.1% |
| Gross operating margin | 9900 | €71,827 | €85,157 | +€13,331 | +18.6% |
| Operating profit (loss) | 9901 | €53,338 | €68,738 | +€15,400 | +28.9% |
| Financial income | 75/76B | €727 | €420 | -€308 | -42.3% |
| Recurring financial income | 75 | €727 | €420 | -€308 | -42.3% |
| Financial charges | 65/66B | €3,392 | €2,109 | -€1,282 | -37.8% |
| Recurring financial charges | 65 | €3,392 | €2,109 | -€1,282 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €50,673 | €67,048 | +€16,375 | +32.3% |
| Income taxes | 67/77 | €15,041 | €14,440 | -€601 | -4.0% |
| Profit (loss) for the period | 9904 | €35,633 | €52,608 | +€16,975 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,633 | €52,608 | +€16,975 | +47.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.