Qualiflight: 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.
Qualiflight
Largest movements
- Tangible fixed assets +€68,564
up €68,564 (+41.6%), from €164,702 to €233,266
of which Furniture and vehicles: +€68,019
- Stocks and contracts -€61,347
down €61,347 (-92.9%), from €66,031 to €4,684
of which Stocks: -€61,347
- Cash +€42,804
up €42,804 (+87.1%), from €49,141 to €91,945
mainly Other debts (+€151,226) and Stocks and contracts (+€61,347)
- Receivables within one year +€13,452
up €13,452 (+44.0%), from €30,601 to €44,053
of which Other amounts receivable: +€7,301
- Other debts +€151,226
up €151,226 (+662.1%), from €22,842 to €174,068
- Current portion of long-term debt -€125,674
down €125,674 (-89.8%), from €140,000 to €14,326
- Trade debts -€73,005
down €73,005 (-99.3%), from €73,506 to €501
- Advances received +€57,000
new in 2025: €57,000
- Debts after one year +€44,501
new in 2025: €44,501
- Write-downs +€4,080
new in 2025: €4,080
- Gross operating margin -€3,878
down €3,878 (-9.3%), from €41,751 to €37,873
- Taxes -€3,511
down €3,511 (-44.3%), from €7,924 to €4,413
- Financial charges -€2,799
down €2,799, from €2,760 to -€39
- Depreciation +€1,800
up €1,800 (+45.2%), from €3,985 to €5,785
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 | €310,474 | €377,173 | +€66,699 | +21.5% |
| Fixed assets | 21/28 | €164,702 | €233,266 | +€68,564 | +41.6% |
| Tangible fixed assets | 22/27 | €164,702 | €233,266 | +€68,564 | +41.6% |
| Land and buildings | 22 | €149,727 | €148,199 | -€1,528 | -1.0% |
| Plant, machinery and equipment | 23 | €13,376 | €15,450 | +€2,074 | +15.5% |
| Furniture and vehicles | 24 | €1,599 | €69,617 | +€68,019 | +4255.1% |
| Current assets | 29/58 | €145,772 | €143,907 | -€1,866 | -1.3% |
| Stocks and contracts in progress | 3 | €66,031 | €4,684 | -€61,347 | -92.9% |
| Stocks | 30/36 | €66,031 | €4,684 | -€61,347 | -92.9% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €30,601 | €44,053 | +€13,452 | +44.0% |
| Trade receivables | 40 | €30,214 | €36,365 | +€6,151 | +20.4% |
| Other amounts receivable | 41 | €386 | €7,688 | +€7,301 | +1890.6% |
| Cash at bank and in hand | 54/58 | €49,141 | €91,945 | +€42,804 | +87.1% |
| Deferred charges and accrued income | 490/1 | - | €3,225 | +€3,225 | |
| Total equity and liabilities | 10/49 | €310,474 | €377,173 | +€66,699 | +21.5% |
| Equity | 10/15 | €54,140 | €67,798 | +€13,658 | +25.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €35,548 | €49,206 | +€13,658 | +38.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €33,689 | €47,347 | +€13,658 | +40.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €256,334 | €309,375 | +€53,041 | +20.7% |
| Amounts payable after more than one year | 17 | - | €44,501 | +€44,501 | |
| Financial debts | 170/4 | - | €44,501 | +€44,501 | |
| Amounts payable within one year | 42/48 | €256,334 | €264,874 | +€8,540 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €140,000 | €14,326 | -€125,674 | -89.8% |
| Financial debts | 43 | €3,852 | €7,734 | +€3,882 | +100.8% |
| Credit institutions | 430/8 | €3,852 | €7,734 | +€3,882 | +100.8% |
| Trade debts | 44 | €73,506 | €501 | -€73,005 | -99.3% |
| Suppliers | 440/4 | €73,506 | €501 | -€73,005 | -99.3% |
| Advances received on contracts in progress | 46 | - | €57,000 | +€57,000 | |
| Taxes, remuneration and social security | 45 | €16,134 | €11,245 | -€4,890 | -30.3% |
| Taxes | 450/3 | €16,134 | €11,245 | -€4,890 | -30.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,842 | €174,068 | +€151,226 | +662.1% |
| Non-recurring operating income | 76A | - | €14,500 | +€14,500 | |
| Remuneration, social security and pensions | 62 | €477 | €0 | -€477 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,985 | €5,785 | +€1,800 | +45.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,080 | +€4,080 | |
| Other operating charges | 640/8 | €10,662 | €10,833 | +€171 | +1.6% |
| Gross operating margin | 9900 | €41,751 | €37,873 | -€3,878 | -9.3% |
| Operating profit (loss) | 9901 | €26,627 | €17,174 | -€9,453 | -35.5% |
| Financial income | 75/76B | €379 | €857 | +€479 | +126.4% |
| Recurring financial income | 75 | €379 | €857 | +€479 | +126.4% |
| Financial charges | 65/66B | €2,760 | -€39 | -€2,799 | |
| Recurring financial charges | 65 | €2,760 | -€39 | -€2,799 | |
| Profit (loss) for the period before taxes | 9903 | €24,247 | €18,071 | -€6,175 | -25.5% |
| Income taxes | 67/77 | €7,924 | €4,413 | -€3,511 | -44.3% |
| Profit (loss) for the period | 9904 | €16,323 | €13,658 | -€2,665 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,323 | €13,658 | -€2,665 | -16.3% |
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 29 September 2026 via checked.be.