QUALIFIRM: 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.
QUALIFIRM
Largest movements
- Tangible fixed assets +€289,337
up €289,337 (+26.1%), from €1.1m to €1.4m
of which Land and buildings: +€301,359
- Cash +€28,637
up €28,637 (+172.7%), from €16,585 to €45,221
mainly Other debts (+€428,682) and Depreciation (+€140,685)
- Other debts +€428,682
up €428,682 (+38.7%), from €1.1m to €1.5m
- Profit (loss) carried forward -€110,365
down €110,365 (-50.5%), from -€218,344 to -€328,710
- Gross operating margin +€41,838
up €41,838 (+1030.0%), from €4,062 to €45,900
- Depreciation +€39,840
up €39,840 (+39.5%), from €100,845 to €140,685
- Other operating charges -€5,414
down €5,414 (-26.2%), from €20,703 to €15,288
- Financial charges -€636
down €636 (-87.9%), from €724 to €88
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 | €1,133,618 | €1,452,005 | +€318,387 | +28.1% |
| Fixed assets | 21/28 | €1,110,494 | €1,399,831 | +€289,337 | +26.1% |
| Tangible fixed assets | 22/27 | €1,110,494 | €1,399,831 | +€289,337 | +26.1% |
| Land and buildings | 22 | €1,073,391 | €1,374,750 | +€301,359 | +28.1% |
| Furniture and vehicles | 24 | €37,104 | €25,081 | -€12,023 | -32.4% |
| Current assets | 29/58 | €23,123 | €52,174 | +€29,050 | +125.6% |
| Amounts receivable within one year | 40/41 | €229 | €1,229 | +€1,000 | +436.4% |
| Trade receivables | 40 | €229 | €1,229 | +€1,000 | +436.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,585 | €45,221 | +€28,637 | +172.7% |
| Deferred charges and accrued income | 490/1 | €6,309 | €5,723 | -€586 | -9.3% |
| Total equity and liabilities | 10/49 | €1,133,618 | €1,452,005 | +€318,387 | +28.1% |
| Equity | 10/15 | €5,585 | -€104,780 | -€110,365 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,330 | €205,330 | = | 0.0% |
| Distributable reserves | 133 | €205,330 | €205,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,344 | -€328,710 | -€110,365 | -50.5% |
| Amounts payable | 17/49 | €1,128,032 | €1,556,784 | +€428,752 | +38.0% |
| Amounts payable within one year | 42/48 | €1,128,032 | €1,554,809 | +€426,777 | +37.8% |
| Trade debts | 44 | €14,902 | €11,856 | -€3,046 | -20.4% |
| Suppliers | 440/4 | €14,902 | €11,856 | -€3,046 | -20.4% |
| Taxes, remuneration and social security | 45 | €6,142 | €7,283 | +€1,141 | +18.6% |
| Taxes | 450/3 | €6,142 | €7,283 | +€1,141 | +18.6% |
| Other amounts payable | 47/48 | €1,106,988 | €1,535,670 | +€428,682 | +38.7% |
| Accrued charges and deferred income | 492/3 | - | €1,975 | +€1,975 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,845 | €140,685 | +€39,840 | +39.5% |
| Other operating charges | 640/8 | €20,703 | €15,288 | -€5,414 | -26.2% |
| Gross operating margin | 9900 | €4,062 | €45,900 | +€41,838 | +1030.0% |
| Operating profit (loss) | 9901 | -€117,486 | -€110,074 | +€7,412 | +6.3% |
| Financial income | 75/76B | €0 | €4 | +€3 | +1752.6% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +1752.6% |
| Financial charges | 65/66B | €724 | €88 | -€636 | -87.9% |
| Recurring financial charges | 65 | €724 | €88 | -€636 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | -€118,209 | -€110,158 | +€8,052 | +6.8% |
| Income taxes | 67/77 | €226 | €207 | -€19 | -8.3% |
| Profit (loss) for the period | 9904 | -€118,435 | -€110,365 | +€8,070 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,435 | -€110,365 | +€8,070 | +6.8% |
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 9 October 2026 via checked.be.