QUALIFY Life Sciences: 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 Life Sciences
Largest movements
- Receivables within one year +€641,161
up €641,161 (+391.1%), from €163,946 to €805,107
- Cash +€226,949
up €226,949 (+166.6%), from €136,232 to €363,181
mainly Net result for the year (+€337,721) and Tax, wage and social debts (+€325,586)
- Tangible fixed assets +€104,652
up €104,652 (+624.8%), from €16,749 to €121,401
of which Furniture and vehicles: +€98,634
- Receivables after one year -€25,000
no longer reported in 2025 (was €25,000)
- Profit (loss) carried forward +€337,720
up €337,720 (+583.4%), from €57,893 to €395,613
- Tax, wage and social debts +€325,586
up €325,586 (+474.1%), from €68,670 to €394,256
of which Taxes: +€274,593
- Trade debts +€319,480
up €319,480 (+317.9%), from €100,492 to €419,972
- Debts after one year -€52,252
down €52,252 (-48.2%), from €108,500 to €56,248
- Current portion of long-term debt +€18,294
new in 2025: €18,294
- Gross operating margin +€1.3m
up €1.3m (+632.9%), from €203,288 to €1.5m
- Staff costs +€859,861
up €859,861 (+690.6%), from €124,506 to €984,367
- Taxes +€114,898
up €114,898 (+718.1%), from €16,000 to €130,898
- Depreciation +€17,974
up €17,974 (+909.6%), from €1,976 to €19,950
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 | €347,451 | €1,295,630 | +€948,179 | +272.9% |
| Fixed assets | 21/28 | €18,499 | €127,343 | +€108,844 | +588.4% |
| Tangible fixed assets | 22/27 | €16,749 | €121,401 | +€104,652 | +624.8% |
| Plant, machinery and equipment | 23 | - | €1,147 | +€1,147 | |
| Furniture and vehicles | 24 | €12,943 | €111,577 | +€98,634 | +762.1% |
| Other tangible fixed assets | 26 | €3,806 | €8,677 | +€4,871 | +128.0% |
| Financial fixed assets | 28 | €1,750 | €5,942 | +€4,192 | +239.6% |
| Current assets | 29/58 | €328,952 | €1,168,287 | +€839,335 | +255.2% |
| Amounts receivable after more than one year | 29 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 291 | €25,000 | - | -€25,000 | |
| Amounts receivable within one year | 40/41 | €163,946 | €805,107 | +€641,161 | +391.1% |
| Trade receivables | 40 | €163,946 | €805,107 | +€641,161 | +391.1% |
| Cash at bank and in hand | 54/58 | €136,232 | €363,181 | +€226,949 | +166.6% |
| Deferred charges and accrued income | 490/1 | €3,774 | - | -€3,774 | |
| Total equity and liabilities | 10/49 | €347,451 | €1,295,630 | +€948,179 | +272.9% |
| Equity | 10/15 | €66,893 | €404,613 | +€337,720 | +504.9% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,893 | €395,613 | +€337,720 | +583.4% |
| Amounts payable | 17/49 | €280,558 | €891,017 | +€610,459 | +217.6% |
| Amounts payable after more than one year | 17 | €108,500 | €56,248 | -€52,252 | -48.2% |
| Financial debts | 170/4 | €108,500 | €56,248 | -€52,252 | -48.2% |
| Amounts payable within one year | 42/48 | €172,058 | €834,769 | +€662,711 | +385.2% |
| Current portion of amounts payable after more than one year | 42 | - | €18,294 | +€18,294 | |
| Trade debts | 44 | €100,492 | €419,972 | +€319,480 | +317.9% |
| Suppliers | 440/4 | €100,492 | €419,972 | +€319,480 | +317.9% |
| Taxes, remuneration and social security | 45 | €68,670 | €394,256 | +€325,586 | +474.1% |
| Taxes | 450/3 | €54,178 | €328,771 | +€274,593 | +506.8% |
| Remuneration and social security | 454/9 | €14,492 | €65,484 | +€50,992 | +351.9% |
| Other amounts payable | 47/48 | €2,896 | €2,247 | -€649 | -22.4% |
| Remuneration, social security and pensions | 62 | €124,506 | €984,367 | +€859,861 | +690.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,976 | €19,950 | +€17,974 | +909.6% |
| Other operating charges | 640/8 | €1,838 | €7,121 | +€5,283 | +287.4% |
| Gross operating margin | 9900 | €203,288 | €1,489,844 | +€1.3m | +632.9% |
| Operating profit (loss) | 9901 | €74,968 | €478,407 | +€403,439 | +538.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,076 | €9,788 | +€8,712 | +809.7% |
| Recurring financial charges | 65 | €1,076 | €9,788 | +€8,712 | +809.7% |
| Profit (loss) for the period before taxes | 9903 | €73,893 | €468,618 | +€394,725 | +534.2% |
| Income taxes | 67/77 | €16,000 | €130,898 | +€114,898 | +718.1% |
| Profit (loss) for the period | 9904 | €57,893 | €337,721 | +€279,828 | +483.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,893 | €337,721 | +€279,828 | +483.4% |
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 7 October 2026 via checked.be.