QUALIMMO: 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.
What changed
QUALIMMO
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€347,295
2024 · €47,116+€300,179
Equity
€1.5m
2024 · €1.1m+€347,295
Cash
-
2024 · €620-€620
Balance sheet total
€5.7m
2024 · €5.6m+€87,283
Largest movements
Assets
- Receivables within one year +€421,344
up €421,344 (+186.8%), from €225,547 to €646,891
of which Other amounts receivable: +€408,077
- Tangible fixed assets -€319,547
down €319,547 (-6.1%), from €5.2m to €4.9m
Equity and liabilities
- Debts after one year -€420,361
down €420,361 (-11.3%), from €3.7m to €3.3m
of which Financial debts: -€405,361
- Reserves +€328,869
up €328,869 (+138.3%), from €237,768 to €566,637
of which Tax-exempt reserves: +€328,869
- Provisions +€105,880
up €105,880 (+58.8%), from €180,067 to €285,947
Income statement
- Financial income +€452,363
up €452,363 (+2261815550.0%), from €0 to €452,363
of which Non-recurring financial income: +€445,069
- Other operating charges +€34,649
up €34,649 (+115.0%), from €30,118 to €64,767
- Gross operating margin +€29,006
up €29,006 (+6.3%), from €463,477 to €492,483
- Financial charges +€14,458
up €14,458 (+21.0%), from €68,851 to €83,308
- Write-downs +€11,952
new in 2025: €11,952
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.
Result 2024
€47,116
Gross operating margin
+€29,006
Depreciation
+€8,546
Write-downs
-€11,952
Other operating charges
-€34,649
Other operating items
-€819
Financial income
+€452,363
Financial charges
-€14,458
Taxes
-€9,536
Deferred taxes and other
-€118,323
Result 2025
€347,295
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.
From operations
+€341,652
Investment
+€45,000
Financing
-€387,272
Cash 2024
€620
From operations (derived)
+€341,652
Net result for the year
+€347,295
Depreciation
+€300,220
Receivables within one year
-€421,344
Deferred charges and accrued income
-€11,778
Provisions
+€105,880
Trade debts
-€13,013
Tax, wage and social debts
+€34,394
Investment (derived)
+€45,000
Investment in fixed assets (net)
+€45,000
Financing
-€387,272
Debts after one year
-€420,361
Current portion of long-term debt
+€11,525
Short-term financial debts
+€21,564
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,565,529 | €5,652,812 | +€87,283 | +1.6% |
| Fixed assets | 21/28 | €5,322,648 | €4,977,427 | -€345,220 | -6.5% |
| Intangible fixed assets | 21 | €81,169 | €55,496 | -€25,673 | -31.6% |
| Tangible fixed assets | 22/27 | €5,228,428 | €4,908,881 | -€319,547 | -6.1% |
| Land and buildings | 22 | €5,228,428 | €4,908,881 | -€319,547 | -6.1% |
| Financial fixed assets | 28 | €13,050 | €13,050 | = | 0.0% |
| Current assets | 29/58 | €242,881 | €675,384 | +€432,503 | +178.1% |
| Amounts receivable within one year | 40/41 | €225,547 | €646,891 | +€421,344 | +186.8% |
| Trade receivables | 40 | €2,463 | €15,731 | +€13,268 | +538.6% |
| Other amounts receivable | 41 | €223,084 | €631,160 | +€408,077 | +182.9% |
| Cash at bank and in hand | 54/58 | €620 | - | -€620 | |
| Deferred charges and accrued income | 490/1 | €16,715 | €28,493 | +€11,778 | +70.5% |
| Total equity and liabilities | 10/49 | €5,565,529 | €5,652,812 | +€87,283 | +1.6% |
| Equity | 10/15 | €1,130,244 | €1,477,539 | +€347,295 | +30.7% |
| Contributions | 10/11 | €287,350 | €287,350 | = | 0.0% |
| Capital | 10 | €287,350 | €287,350 | = | 0.0% |
| Issued capital | 100 | €287,350 | €287,350 | = | 0.0% |
| Reserves | 13 | €237,768 | €566,637 | +€328,869 | +138.3% |
| Non-distributable reserves | 130/1 | €218,811 | €218,811 | = | 0.0% |
| Legal reserve | 130 | €28,735 | €28,735 | = | 0.0% |
| Reserves not available under the articles | 1311 | €190,076 | €190,076 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,576 | €343,444 | +€328,869 | +2256.3% |
| Distributable reserves | 133 | €4,381 | €4,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €605,126 | €623,552 | +€18,426 | +3.0% |
| Provisions and deferred taxes | 16 | €180,067 | €285,947 | +€105,880 | +58.8% |
| Deferred taxes | 168 | €180,067 | €285,947 | +€105,880 | +58.8% |
| Amounts payable | 17/49 | €4,255,217 | €3,889,326 | -€365,891 | -8.6% |
| Amounts payable after more than one year | 17 | €3,734,054 | €3,313,694 | -€420,361 | -11.3% |
| Financial debts | 170/4 | €3,608,554 | €3,203,194 | -€405,361 | -11.2% |
| Other amounts payable | 178/9 | €125,500 | €110,500 | -€15,000 | -12.0% |
| Amounts payable within one year | 42/48 | €521,163 | €575,632 | +€54,469 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €401,687 | €413,212 | +€11,525 | +2.9% |
| Financial debts | 43 | €24,193 | €45,757 | +€21,564 | +89.1% |
| Credit institutions | 430/8 | €24,193 | €45,757 | +€21,564 | +89.1% |
| Trade debts | 44 | €60,473 | €47,460 | -€13,013 | -21.5% |
| Suppliers | 440/4 | €60,473 | €47,460 | -€13,013 | -21.5% |
| Taxes, remuneration and social security | 45 | €34,377 | €68,771 | +€34,394 | +100.0% |
| Taxes | 450/3 | €34,377 | €68,771 | +€34,394 | +100.0% |
| Other amounts payable | 47/48 | €433 | €433 | = | 0.0% |
| Non-recurring operating income | 76A | - | €10,668 | +€10,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,766 | €300,220 | -€8,546 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,952 | +€11,952 | |
| Other operating charges | 640/8 | €30,118 | €64,767 | +€34,649 | +115.0% |
| Non-recurring operating charges | 66A | - | €819 | +€819 | |
| Gross operating margin | 9900 | €463,477 | €492,483 | +€29,006 | +6.3% |
| Operating profit (loss) | 9901 | €124,593 | €114,725 | -€9,868 | -7.9% |
| Financial income | 75/76B | €0 | €452,363 | +€452,363 | +2261815550.0% |
| Recurring financial income | 75 | €0 | €7,294 | +€7,294 | +36468950.0% |
| Non-recurring financial income | 76B | - | €445,069 | +€445,069 | |
| Financial charges | 65/66B | €68,851 | €83,308 | +€14,458 | +21.0% |
| Recurring financial charges | 65 | €68,851 | €83,308 | +€14,458 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €55,742 | €483,780 | +€428,038 | +767.9% |
| Transfer from deferred taxes | 780 | €12,444 | €1,132 | -€11,311 | -90.9% |
| Transfer to deferred taxes | 680 | - | €107,012 | +€107,012 | |
| Income taxes | 67/77 | €21,070 | €30,606 | +€9,536 | +45.3% |
| Profit (loss) for the period | 9904 | €47,116 | €347,295 | +€300,179 | +637.1% |
| Transfer from tax-exempt reserves | 789 | - | €9,189 | +€9,189 | |
| Transfer to tax-exempt reserves | 689 | - | €338,058 | +€338,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,116 | €18,426 | -€28,690 | -60.9% |
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 10 October 2026 via checked.be.