QUALINCO: 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.
QUALINCO
Largest movements
- Cash -€35,921
down €35,921 (-24.8%), from €144,933 to €109,012
mainly Contributions, distributions and other (-€60,131) and Deferred charges and accrued income (-€13,746)
- Deferred charges and accrued income +€13,746
up €13,746 (+350%), from €3,927 to €17,673
- Tangible fixed assets -€2,072
down €2,072 (-100%), from €2,072 to €0
- Reserves -€23,726
down €23,726 (-16.0%), from €148,321 to €124,595
- Trade debts -€2,730
down €2,730 (-92.9%), from €2,939 to €209
- Tax, wage and social debts +€2,671
up €2,671 (+167%), from €1,595 to €4,266
- Gross operating margin -€2,122
down €2,122 (-4.4%), from €48,721 to €46,599
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,465 | €148,346 | -€23,119 | -13.5% |
| Fixed assets | 21/28 | €2,672 | €600 | -€2,072 | -77.5% |
| Tangible fixed assets | 22/27 | €2,072 | €0 | -€2,072 | -100% |
| Furniture and vehicles | 24 | €2,072 | €0 | -€2,072 | -100% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €168,793 | €147,746 | -€21,047 | -12.5% |
| Amounts receivable within one year | 40/41 | €19,933 | €21,060 | +€1,128 | +5.7% |
| Trade receivables | 40 | €14,182 | €15,755 | +€1,573 | +11.1% |
| Other amounts receivable | 41 | €5,751 | €5,306 | -€445 | -7.7% |
| Cash at bank and in hand | 54/58 | €144,933 | €109,012 | -€35,921 | -24.8% |
| Deferred charges and accrued income | 490/1 | €3,927 | €17,673 | +€13,746 | +350% |
| Total equity and liabilities | 10/49 | €171,465 | €148,346 | -€23,119 | -13.5% |
| Equity | 10/15 | €166,921 | €143,195 | -€23,726 | -14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,321 | €124,595 | -€23,726 | -16.0% |
| Distributable reserves | 133 | €148,321 | €124,595 | -€23,726 | -16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,544 | €5,151 | +€607 | +13.4% |
| Amounts payable within one year | 42/48 | €4,544 | €5,151 | +€607 | +13.4% |
| Financial debts | 43 | €10 | €676 | +€666 | +6,662% |
| Credit institutions | 430/8 | €10 | €676 | +€666 | +6,662% |
| Trade debts | 44 | €2,939 | €209 | -€2,730 | -92.9% |
| Suppliers | 440/4 | €2,939 | €209 | -€2,730 | -92.9% |
| Taxes, remuneration and social security | 45 | €1,595 | €4,266 | +€2,671 | +167% |
| Taxes | 450/3 | €1,595 | €4,266 | +€2,671 | +167% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,728 | +€12,728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €0 | -€405 | -100% |
| Other operating charges | 640/8 | €609 | €622 | +€13 | +2.1% |
| Gross operating margin | 9900 | €48,721 | €46,599 | -€2,122 | -4.4% |
| Operating profit (loss) | 9901 | €47,707 | €45,978 | -€1,729 | -3.6% |
| Financial income | 75/76B | €348 | €133 | -€215 | -61.8% |
| Recurring financial income | 75 | €348 | €133 | -€215 | -61.8% |
| Financial charges | 65/66B | €201 | €183 | -€18 | -8.8% |
| Recurring financial charges | 65 | €201 | €183 | -€18 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €47,854 | €45,927 | -€1,927 | -4.0% |
| Income taxes | 67/77 | €9,945 | €9,522 | -€423 | -4.3% |
| Profit (loss) for the period | 9904 | €37,909 | €36,405 | -€1,503 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,909 | €36,405 | -€1,503 | -4.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.