Qualikey: 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.
Qualikey
Largest movements
- Receivables within one year +€31,830
up €31,830 (+511%), from €6,224 to €38,055
- Tangible fixed assets -€9,716
down €9,716 (-45.5%), from €21,367 to €11,651
- Other debts +€92,607
up €92,607 (+6,783%), from €1,365 to €93,972
- Profit (loss) carried forward -€66,224
down €66,224 (-66.5%), from €99,648 to €33,424
- Tax, wage and social debts -€4,467
down €4,467 (-15.3%), from €29,250 to €24,783
of which Taxes: -€6,967
- Gross operating margin -€9,863
down €9,863 (-14.1%), from €70,150 to €60,287
- Financial charges +€2,607
up €2,607 (+203%), from €1,284 to €3,892
- Other operating charges +€936
new in 2025: €936
- Taxes -€743
down €743 (-5.8%), from €12,711 to €11,968
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.
Derived cash bridge
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 | €135,854 | €157,893 | +€22,039 | +16.2% |
| Fixed assets | 21/28 | €21,767 | €12,051 | -€9,716 | -44.6% |
| Tangible fixed assets | 22/27 | €21,367 | €11,651 | -€9,716 | -45.5% |
| Furniture and vehicles | 24 | €21,367 | €11,651 | -€9,716 | -45.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €114,086 | €145,842 | +€31,756 | +27.8% |
| Amounts receivable within one year | 40/41 | €6,224 | €38,055 | +€31,830 | +511% |
| Trade receivables | 40 | €6,224 | €38,055 | +€31,830 | +511% |
| Cash at bank and in hand | 54/58 | €104,681 | €105,646 | +€965 | +0.9% |
| Deferred charges and accrued income | 490/1 | €3,181 | €2,141 | -€1,040 | -32.7% |
| Total equity and liabilities | 10/49 | €135,854 | €157,893 | +€22,039 | +16.2% |
| Equity | 10/15 | €101,648 | €35,424 | -€66,224 | -65.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,648 | €33,424 | -€66,224 | -66.5% |
| Amounts payable | 17/49 | €34,205 | €122,469 | +€88,263 | +258% |
| Amounts payable within one year | 42/48 | €34,205 | €122,469 | +€88,263 | +258% |
| Trade debts | 44 | €3,590 | €3,713 | +€123 | +3.4% |
| Suppliers | 440/4 | €3,590 | €3,713 | +€123 | +3.4% |
| Taxes, remuneration and social security | 45 | €29,250 | €24,783 | -€4,467 | -15.3% |
| Taxes | 450/3 | €29,250 | €22,283 | -€6,967 | -23.8% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €1,365 | €93,972 | +€92,607 | +6,783% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,167 | €9,716 | +€549 | +6.0% |
| Other operating charges | 640/8 | - | €936 | +€936 | |
| Gross operating margin | 9900 | €70,150 | €60,287 | -€9,863 | -14.1% |
| Operating profit (loss) | 9901 | €60,983 | €49,635 | -€11,348 | -18.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,284 | €3,892 | +€2,607 | +203% |
| Recurring financial charges | 65 | €1,284 | €3,892 | +€2,607 | +203% |
| Profit (loss) for the period before taxes | 9903 | €59,699 | €45,744 | -€13,955 | -23.4% |
| Income taxes | 67/77 | €12,711 | €11,968 | -€743 | -5.8% |
| Profit (loss) for the period | 9904 | €46,987 | €33,776 | -€13,212 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,987 | €33,776 | -€13,212 | -28.1% |
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 15 October 2026 via checked.be.