Qualify: 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.
Qualify
Largest movements
- Receivables within one year +€19,779
up €19,779 (+211.0%), from €9,372 to €29,151
of which Trade receivables: +€19,800
- Cash +€14,623
up €14,623 (+41.6%), from €35,190 to €49,813
mainly Net result for the year (+€36,376) and Tax, wage and social debts (+€428)
- Tangible fixed assets +€1,197
new in 2025: €1,197
- Reserves +€36,376
up €36,376 (+119.7%), from €30,392 to €66,768
- Trade debts -€1,283
down €1,283 (-64.3%), from €1,997 to €714
- Gross operating margin +€7,517
up €7,517 (+19.3%), from €38,924 to €46,440
- Taxes +€1,436
up €1,436 (+16.9%), from €8,483 to €9,918
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 | €45,080 | €81,083 | +€36,003 | +79.9% |
| Fixed assets | 21/28 | - | €1,197 | +€1,197 | |
| Tangible fixed assets | 22/27 | - | €1,197 | +€1,197 | |
| Plant, machinery and equipment | 23 | - | €1,197 | +€1,197 | |
| Current assets | 29/58 | €45,080 | €79,886 | +€34,806 | +77.2% |
| Amounts receivable within one year | 40/41 | €9,372 | €29,151 | +€19,779 | +211.0% |
| Trade receivables | 40 | €9,352 | €29,151 | +€19,800 | +211.7% |
| Other amounts receivable | 41 | €21 | - | -€21 | |
| Cash at bank and in hand | 54/58 | €35,190 | €49,813 | +€14,623 | +41.6% |
| Deferred charges and accrued income | 490/1 | €518 | €922 | +€404 | +78.1% |
| Total equity and liabilities | 10/49 | €45,080 | €81,083 | +€36,003 | +79.9% |
| Equity | 10/15 | €33,992 | €70,368 | +€36,376 | +107.0% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €30,392 | €66,768 | +€36,376 | +119.7% |
| Distributable reserves | 133 | €30,392 | €66,768 | +€36,376 | +119.7% |
| Amounts payable | 17/49 | €11,088 | €10,715 | -€373 | -3.4% |
| Amounts payable within one year | 42/48 | €11,088 | €10,543 | -€545 | -4.9% |
| Trade debts | 44 | €1,997 | €714 | -€1,283 | -64.3% |
| Suppliers | 440/4 | €1,997 | €714 | -€1,283 | -64.3% |
| Taxes, remuneration and social security | 45 | €9,091 | €9,519 | +€428 | +4.7% |
| Taxes | 450/3 | €6,865 | €7,126 | +€261 | +3.8% |
| Remuneration and social security | 454/9 | €2,226 | €2,393 | +€167 | +7.5% |
| Other amounts payable | 47/48 | - | €311 | +€311 | |
| Accrued charges and deferred income | 492/3 | - | €172 | +€172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €38,924 | €46,440 | +€7,517 | +19.3% |
| Operating profit (loss) | 9901 | €38,924 | €46,312 | +€7,389 | +19.0% |
| Financial income | 75/76B | €0 | €180 | +€180 | +1802000.0% |
| Recurring financial income | 75 | €0 | €180 | +€180 | +1802000.0% |
| Financial charges | 65/66B | €48 | €199 | +€150 | +310.0% |
| Recurring financial charges | 65 | €48 | €199 | +€150 | +310.0% |
| Profit (loss) for the period before taxes | 9903 | €38,875 | €46,294 | +€7,419 | +19.1% |
| Income taxes | 67/77 | €8,483 | €9,918 | +€1,436 | +16.9% |
| Profit (loss) for the period | 9904 | €30,392 | €36,376 | +€5,983 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,392 | €36,376 | +€5,983 | +19.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.