QUALIMAT: 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.
QUALIMAT
Largest movements
- Cash -€60,407
down €60,407 (-92.0%), from €65,691 to €5,285
mainly Net result for the year (-€41,852) and Receivables within one year (-€39,587)
- Receivables within one year +€39,587
up €39,587 (+30.9%), from €127,932 to €167,519
of which Trade receivables: +€42,644
- Profit (loss) carried forward -€41,852
down €41,852 (-52.2%), from -€80,107 to -€121,960
- Other debts +€32,632
up €32,632 (+17.4%), from €187,941 to €220,573
- Trade debts -€11,599
down €11,599 (-27.0%), from €43,028 to €31,429
- Gross operating margin -€80,622
down €80,622, from €39,051 to -€41,571
- Financial income +€963
up €963 (+4011.7%), from €24 to €987
- Financial charges +€760
up €760 (+1783.1%), from €43 to €802
- Staff costs -€416
no longer reported in 2025 (was €416)
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 | €193,623 | €172,804 | -€20,819 | -10.8% |
| Current assets | 29/58 | €193,623 | €172,804 | -€20,819 | -10.8% |
| Amounts receivable within one year | 40/41 | €127,932 | €167,519 | +€39,587 | +30.9% |
| Trade receivables | 40 | €119,189 | €161,834 | +€42,644 | +35.8% |
| Other amounts receivable | 41 | €8,742 | €5,685 | -€3,057 | -35.0% |
| Cash at bank and in hand | 54/58 | €65,691 | €5,285 | -€60,407 | -92.0% |
| Total equity and liabilities | 10/49 | €193,623 | €172,804 | -€20,819 | -10.8% |
| Equity | 10/15 | -€37,346 | -€79,198 | -€41,852 | -112.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €24,170 | €24,170 | = | 0.0% |
| Distributable reserves | 133 | €24,170 | €24,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,107 | -€121,960 | -€41,852 | -52.2% |
| Amounts payable | 17/49 | €230,969 | €252,002 | +€21,033 | +9.1% |
| Amounts payable within one year | 42/48 | €230,969 | €252,002 | +€21,033 | +9.1% |
| Trade debts | 44 | €43,028 | €31,429 | -€11,599 | -27.0% |
| Suppliers | 440/4 | €43,028 | €31,429 | -€11,599 | -27.0% |
| Other amounts payable | 47/48 | €187,941 | €220,573 | +€32,632 | +17.4% |
| Remuneration, social security and pensions | 62 | €416 | - | -€416 | |
| Other operating charges | 640/8 | €467 | €467 | -€1 | -0.1% |
| Gross operating margin | 9900 | €39,051 | -€41,571 | -€80,622 | |
| Operating profit (loss) | 9901 | €38,168 | -€42,037 | -€80,205 | |
| Financial income | 75/76B | €24 | €987 | +€963 | +4011.7% |
| Recurring financial income | 75 | €24 | €987 | +€963 | +4011.7% |
| Financial charges | 65/66B | €43 | €802 | +€760 | +1783.1% |
| Recurring financial charges | 65 | €43 | €802 | +€760 | +1783.1% |
| Profit (loss) for the period before taxes | 9903 | €38,149 | -€41,852 | -€80,002 | |
| Profit (loss) for the period | 9904 | €38,149 | -€41,852 | -€80,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,149 | -€41,852 | -€80,002 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.