QUALIS BUILD: 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.
QUALIS BUILD
Largest movements
- Stocks and contracts +€19,983
new in 2025: €19,983
- Tangible fixed assets -€14,571
down €14,571 (-33.7%), from €43,244 to €28,673
of which Furniture and vehicles: -€16,072
- Receivables within one year +€9,429
up €9,429 (+6.5%), from €145,805 to €155,234
of which Trade receivables: +€11,180
- Cash -€2,521
down €2,521 (-59.8%), from €4,216 to €1,695
mainly Trade debts (-€21,939) and Stocks and contracts (-€19,983)
- Reserves +€40,900
up €40,900 (+41.7%), from €98,000 to €138,900
- Trade debts -€21,939
down €21,939 (-52.2%), from €42,051 to €20,112
- Other debts -€6,472
down €6,472 (-51.9%), from €12,472 to €6,000
- Gross operating margin -€8,534
down €8,534 (-9.8%), from €87,061 to €78,527
- Taxes -€3,352
down €3,352 (-16.0%), from €20,954 to €17,603
- Depreciation +€2,719
up €2,719 (+18.9%), from €14,358 to €17,078
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 | €195,551 | €206,436 | +€10,885 | +5.6% |
| Fixed assets | 21/28 | €43,244 | €28,673 | -€14,571 | -33.7% |
| Tangible fixed assets | 22/27 | €43,244 | €28,673 | -€14,571 | -33.7% |
| Plant, machinery and equipment | 23 | €2,385 | €3,886 | +€1,501 | +62.9% |
| Furniture and vehicles | 24 | €40,859 | €24,787 | -€16,072 | -39.3% |
| Current assets | 29/58 | €152,307 | €177,763 | +€25,456 | +16.7% |
| Stocks and contracts in progress | 3 | - | €19,983 | +€19,983 | |
| Stocks | 30/36 | - | €19,983 | +€19,983 | |
| Amounts receivable within one year | 40/41 | €145,805 | €155,234 | +€9,429 | +6.5% |
| Trade receivables | 40 | €81,497 | €92,677 | +€11,180 | +13.7% |
| Other amounts receivable | 41 | €64,308 | €62,557 | -€1,751 | -2.7% |
| Cash at bank and in hand | 54/58 | €4,216 | €1,695 | -€2,521 | -59.8% |
| Deferred charges and accrued income | 490/1 | €2,286 | €851 | -€1,435 | -62.8% |
| Total equity and liabilities | 10/49 | €195,551 | €206,436 | +€10,885 | +5.6% |
| Equity | 10/15 | €100,778 | €141,686 | +€40,909 | +40.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €98,000 | €138,900 | +€40,900 | +41.7% |
| Distributable reserves | 133 | €98,000 | €138,900 | +€40,900 | +41.7% |
| Profit (loss) carried forward | 14 | €278 | €286 | +€9 | +3.2% |
| Amounts payable | 17/49 | €94,773 | €64,750 | -€30,024 | -31.7% |
| Amounts payable within one year | 42/48 | €94,761 | €64,669 | -€30,093 | -31.8% |
| Trade debts | 44 | €42,051 | €20,112 | -€21,939 | -52.2% |
| Suppliers | 440/4 | €42,051 | €20,112 | -€21,939 | -52.2% |
| Taxes, remuneration and social security | 45 | €40,239 | €38,557 | -€1,682 | -4.2% |
| Taxes | 450/3 | €40,239 | €38,557 | -€1,682 | -4.2% |
| Other amounts payable | 47/48 | €12,472 | €6,000 | -€6,472 | -51.9% |
| Accrued charges and deferred income | 492/3 | €12 | €81 | +€69 | +580% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,358 | €17,078 | +€2,719 | +18.9% |
| Other operating charges | 640/8 | €2,526 | €1,840 | -€685 | -27.1% |
| Non-recurring operating charges | 66A | - | €673 | +€673 | |
| Gross operating margin | 9900 | €87,061 | €78,527 | -€8,534 | -9.8% |
| Operating profit (loss) | 9901 | €70,177 | €58,936 | -€11,241 | -16.0% |
| Financial income | 75/76B | €6 | €1 | -€5 | -80.1% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -80.1% |
| Financial charges | 65/66B | €196 | €426 | +€230 | +117% |
| Recurring financial charges | 65 | €196 | €426 | +€230 | +117% |
| Profit (loss) for the period before taxes | 9903 | €69,987 | €58,511 | -€11,476 | -16.4% |
| Income taxes | 67/77 | €20,954 | €17,603 | -€3,352 | -16.0% |
| Profit (loss) for the period | 9904 | €49,033 | €40,909 | -€8,124 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,033 | €40,909 | -€8,124 | -16.6% |
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.