QUALIPIX: 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.
QUALIPIX
Largest movements
- Intangible fixed assets +€12,786
new in 2025: €12,786
- Tangible fixed assets +€7,018
up €7,018 (+51.9%), from €13,531 to €20,549
of which Plant, machinery and equipment: +€7,458
- Receivables within one year -€5,725
down €5,725 (-83.1%), from €6,889 to €1,164
of which Trade receivables: -€6,879
- Cash +€4,390
up €4,390 (+1096.8%), from €400 to €4,790
mainly Debts after one year (+€37,500) and Receivables within one year (+€5,725)
- Debts after one year +€37,500
new in 2025: €37,500
- Profit (loss) carried forward -€10,750
new in 2025: -€10,750
- Other debts -€10,459
down €10,459 (-87.0%), from €12,020 to €1,561
- Trade debts +€1,628
up €1,628 (+30.5%), from €5,347 to €6,975
- Advances received +€475
new in 2025: €475
- Gross operating margin -€7,827
down €7,827, from €3,326 to -€4,501
- Depreciation +€3,260
up €3,260 (+227.7%), from €1,432 to €4,692
- Other operating charges +€962
up €962 (+217.5%), from €443 to €1,405
- Taxes -€435
down €435 (-100.0%), from €435 to €0
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 | €23,391 | €41,685 | +€18,294 | +78.2% |
| Fixed assets | 21/28 | €13,531 | €33,335 | +€19,804 | +146.4% |
| Intangible fixed assets | 21 | - | €12,786 | +€12,786 | |
| Tangible fixed assets | 22/27 | €13,531 | €20,549 | +€7,018 | +51.9% |
| Plant, machinery and equipment | 23 | €4,954 | €12,412 | +€7,458 | +150.5% |
| Furniture and vehicles | 24 | - | €1,560 | +€1,560 | |
| Leasing and similar rights | 25 | €8,577 | €6,577 | -€2,000 | -23.3% |
| Current assets | 29/58 | €9,860 | €8,351 | -€1,509 | -15.3% |
| Amounts receivable within one year | 40/41 | €6,889 | €1,164 | -€5,725 | -83.1% |
| Trade receivables | 40 | €6,879 | €0 | -€6,879 | -100.0% |
| Other amounts receivable | 41 | €10 | €1,164 | +€1,154 | +11540.2% |
| Cash at bank and in hand | 54/58 | €400 | €4,790 | +€4,390 | +1096.8% |
| Deferred charges and accrued income | 490/1 | €2,571 | €2,397 | -€175 | -6.8% |
| Total equity and liabilities | 10/49 | €23,391 | €41,685 | +€18,294 | +78.2% |
| Equity | 10/15 | €3,357 | -€7,393 | -€10,750 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €857 | €857 | = | 0.0% |
| Distributable reserves | 133 | €857 | €857 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,750 | -€10,750 | |
| Amounts payable | 17/49 | €20,034 | €49,079 | +€29,044 | +145.0% |
| Amounts payable after more than one year | 17 | - | €37,500 | +€37,500 | |
| Other amounts payable | 178/9 | - | €37,500 | +€37,500 | |
| Amounts payable within one year | 42/48 | €20,034 | €11,579 | -€8,456 | -42.2% |
| Trade debts | 44 | €5,347 | €6,975 | +€1,628 | +30.5% |
| Suppliers | 440/4 | €5,347 | €6,975 | +€1,628 | +30.5% |
| Advances received on contracts in progress | 46 | - | €475 | +€475 | |
| Taxes, remuneration and social security | 45 | €2,667 | €2,568 | -€99 | -3.7% |
| Taxes | 450/3 | €2,667 | €468 | -€2,199 | -82.4% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €12,020 | €1,561 | -€10,459 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,432 | €4,692 | +€3,260 | +227.7% |
| Other operating charges | 640/8 | €443 | €1,405 | +€962 | +217.5% |
| Gross operating margin | 9900 | €3,326 | -€4,501 | -€7,827 | |
| Operating profit (loss) | 9901 | €1,451 | -€10,598 | -€12,049 | |
| Financial income | 75/76B | €7 | €28 | +€20 | +285.8% |
| Recurring financial income | 75 | €7 | €28 | +€20 | +285.8% |
| Financial charges | 65/66B | €167 | €180 | +€13 | +7.7% |
| Recurring financial charges | 65 | €167 | €180 | +€13 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €1,292 | -€10,750 | -€12,042 | |
| Income taxes | 67/77 | €435 | €0 | -€435 | -100.0% |
| Profit (loss) for the period | 9904 | €857 | -€10,750 | -€11,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €857 | -€10,750 | -€11,607 |
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 12 October 2026 via checked.be.