QUALISERV PLUS: 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.
QUALISERV PLUS
Largest movements
- Cash -€61,673
down €61,673 (-63.6%), from €96,900 to €35,227
mainly Debts after one year (-€85,854) and Advances received (-€59,185)
- Tangible fixed assets -€27,930
down €27,930 (-5.1%), from €552,113 to €524,182
of which Land and buildings: -€27,794
- Stocks and contracts -€27,421
down €27,421 (-4.0%), from €689,161 to €661,740
- Receivables within one year +€22,018
up €22,018 (+25.4%), from €86,625 to €108,644
- Debts after one year -€85,854
down €85,854 (-24.3%), from €352,671 to €266,818
of which Financial debts: -€85,854
- Advances received -€59,185
no longer reported in 2025 (was €59,185)
- Trade debts +€29,702
up €29,702 (+47.1%), from €63,121 to €92,824
- Profit (loss) carried forward +€19,727
up €19,727 (+6.0%), from €331,056 to €350,783
- Staff costs -€4,937
down €4,937 (-6.6%), from €75,099 to €70,163
- Gross operating margin +€2,701
up €2,701 (+1.7%), from €154,494 to €157,194
- Taxes +€1,870
up €1,870 (+54.0%), from €3,462 to €5,332
- Financial charges +€1,586
up €1,586 (+5.1%), from €31,032 to €32,618
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 | €1,436,697 | €1,341,721 | -€94,976 | -6.6% |
| Fixed assets | 21/28 | €552,702 | €524,772 | -€27,930 | -5.1% |
| Tangible fixed assets | 22/27 | €552,113 | €524,182 | -€27,930 | -5.1% |
| Land and buildings | 22 | €550,624 | €522,831 | -€27,794 | -5.0% |
| Furniture and vehicles | 24 | €1,488 | €1,352 | -€136 | -9.2% |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €883,995 | €816,949 | -€67,046 | -7.6% |
| Stocks and contracts in progress | 3 | €689,161 | €661,740 | -€27,421 | -4.0% |
| Stocks | 30/36 | €689,161 | €661,740 | -€27,421 | -4.0% |
| Amounts receivable within one year | 40/41 | €86,625 | €108,644 | +€22,018 | +25.4% |
| Trade receivables | 40 | €86,625 | €108,644 | +€22,018 | +25.4% |
| Cash at bank and in hand | 54/58 | €96,900 | €35,227 | -€61,673 | -63.6% |
| Deferred charges and accrued income | 490/1 | €11,308 | €11,338 | +€30 | +0.3% |
| Total equity and liabilities | 10/49 | €1,436,697 | €1,341,721 | -€94,976 | -6.6% |
| Equity | 10/15 | €524,753 | €541,401 | +€16,648 | +3.2% |
| Contributions | 10/11 | €127,161 | €127,161 | = | 0.0% |
| Reserves | 13 | €66,536 | €63,457 | -€3,080 | -4.6% |
| Tax-exempt reserves | 132 | €26,484 | €23,404 | -€3,080 | -11.6% |
| Distributable reserves | 133 | €40,052 | €40,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,056 | €350,783 | +€19,727 | +6.0% |
| Provisions and deferred taxes | 16 | €8,828 | €7,802 | -€1,027 | -11.6% |
| Deferred taxes | 168 | €8,828 | €7,802 | -€1,027 | -11.6% |
| Amounts payable | 17/49 | €903,115 | €792,518 | -€110,597 | -12.2% |
| Amounts payable after more than one year | 17 | €352,671 | €266,818 | -€85,854 | -24.3% |
| Financial debts | 170/4 | €237,671 | €151,818 | -€85,854 | -36.1% |
| Other amounts payable | 178/9 | €115,000 | €115,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €486,321 | €459,029 | -€27,292 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €87,637 | €85,854 | -€1,784 | -2.0% |
| Financial debts | 43 | €242,000 | €247,540 | +€5,540 | +2.3% |
| Credit institutions | 430/8 | €195,000 | €203,540 | +€8,540 | +4.4% |
| Other loans | 439 | €47,000 | €44,000 | -€3,000 | -6.4% |
| Trade debts | 44 | €63,121 | €92,824 | +€29,702 | +47.1% |
| Suppliers | 440/4 | €63,121 | €92,824 | +€29,702 | +47.1% |
| Advances received on contracts in progress | 46 | €59,185 | - | -€59,185 | |
| Taxes, remuneration and social security | 45 | €33,985 | €31,472 | -€2,512 | -7.4% |
| Taxes | 450/3 | €17,948 | €17,645 | -€303 | -1.7% |
| Remuneration and social security | 454/9 | €16,036 | €13,827 | -€2,210 | -13.8% |
| Other amounts payable | 47/48 | €393 | €1,339 | +€946 | +240.4% |
| Accrued charges and deferred income | 492/3 | €64,123 | €66,672 | +€2,549 | +4.0% |
| Remuneration, social security and pensions | 62 | €75,099 | €70,163 | -€4,937 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,725 | €28,795 | +€70 | +0.2% |
| Other operating charges | 640/8 | €5,474 | €5,551 | +€77 | +1.4% |
| Gross operating margin | 9900 | €154,494 | €157,194 | +€2,701 | +1.7% |
| Operating profit (loss) | 9901 | €45,195 | €52,686 | +€7,490 | +16.6% |
| Financial income | 75/76B | €1,549 | €886 | -€663 | -42.8% |
| Recurring financial income | 75 | €1,549 | €886 | -€663 | -42.8% |
| Financial charges | 65/66B | €31,032 | €32,618 | +€1,586 | +5.1% |
| Recurring financial charges | 65 | €31,032 | €32,618 | +€1,586 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €15,712 | €20,953 | +€5,241 | +33.4% |
| Transfer from deferred taxes | 780 | €1,027 | €1,027 | = | 0.0% |
| Income taxes | 67/77 | €3,462 | €5,332 | +€1,870 | +54.0% |
| Profit (loss) for the period | 9904 | €13,276 | €16,648 | +€3,372 | +25.4% |
| Transfer from tax-exempt reserves | 789 | €3,080 | €3,080 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,355 | €19,727 | +€3,372 | +20.6% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.