QUALISOPH: what changed
Two fiscal 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.
QUALISOPH
Largest movements
- Tangible fixed assets -€13,642
down €13,642 (-34.6%), from €39,438 to €25,796
of which Furniture and vehicles: -€11,413
- Cash -€12,921
down €12,921 (-57.9%), from €22,315 to €9,394
mainly Net result for the year (-€31,208) and Tax, wage and social debts (-€6,905)
- Receivables within one year -€12,734
down €12,734 (-68.7%), from €18,533 to €5,800
of which Trade receivables: -€14,508
- Profit (loss) carried forward -€31,208
down €31,208, from €20,918 to -€10,290
- Tax, wage and social debts -€6,905
down €6,905 (-87.0%), from €7,939 to €1,034
- Current portion of long-term debt -€1,706
no longer reported in 2025 (was €1,706)
- Other debts +€975
up €975 (+58.5%), from €1,666 to €2,641
- Gross operating margin -€34,418
down €34,418, from €18,378 to -€16,040
- Depreciation +€3,053
up €3,053 (+28.8%), from €10,589 to €13,642
- Taxes -€2,970
down €2,970 (-89.0%), from €3,338 to €368
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 | €82,340 | €43,165 | -€39,174 | -47.6% |
| Fixed assets | 21/28 | €39,438 | €25,796 | -€13,642 | -34.6% |
| Tangible fixed assets | 22/27 | €39,438 | €25,796 | -€13,642 | -34.6% |
| Plant, machinery and equipment | 23 | €1,305 | €1,027 | -€278 | -21.3% |
| Furniture and vehicles | 24 | €29,298 | €17,885 | -€11,413 | -39.0% |
| Other tangible fixed assets | 26 | €8,835 | €6,884 | -€1,952 | -22.1% |
| Current assets | 29/58 | €42,902 | €17,369 | -€25,532 | -59.5% |
| Amounts receivable within one year | 40/41 | €18,533 | €5,800 | -€12,734 | -68.7% |
| Trade receivables | 40 | €15,845 | €1,337 | -€14,508 | -91.6% |
| Other amounts receivable | 41 | €2,689 | €4,463 | +€1,774 | +66.0% |
| Cash at bank and in hand | 54/58 | €22,315 | €9,394 | -€12,921 | -57.9% |
| Deferred charges and accrued income | 490/1 | €2,053 | €2,175 | +€123 | +6.0% |
| Total equity and liabilities | 10/49 | €82,340 | €43,165 | -€39,174 | -47.6% |
| Equity | 10/15 | €69,876 | €38,668 | -€31,208 | -44.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,758 | €42,758 | = | 0.0% |
| Distributable reserves | 133 | €42,758 | €42,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,918 | -€10,290 | -€31,208 | |
| Amounts payable | 17/49 | €12,464 | €4,497 | -€7,967 | -63.9% |
| Amounts payable within one year | 42/48 | €12,464 | €4,497 | -€7,967 | -63.9% |
| Current portion of amounts payable after more than one year | 42 | €1,706 | - | -€1,706 | |
| Trade debts | 44 | €1,153 | €823 | -€330 | -28.6% |
| Suppliers | 440/4 | €1,153 | €823 | -€330 | -28.6% |
| Taxes, remuneration and social security | 45 | €7,939 | €1,034 | -€6,905 | -87.0% |
| Taxes | 450/3 | €7,939 | €1,034 | -€6,905 | -87.0% |
| Other amounts payable | 47/48 | €1,666 | €2,641 | +€975 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,589 | €13,642 | +€3,053 | +28.8% |
| Other operating charges | 640/8 | €981 | €1,031 | +€50 | +5.1% |
| Gross operating margin | 9900 | €18,378 | -€16,040 | -€34,418 | |
| Operating profit (loss) | 9901 | €6,808 | -€30,713 | -€37,521 | |
| Financial charges | 65/66B | €270 | €127 | -€144 | -53.2% |
| Recurring financial charges | 65 | €270 | €127 | -€144 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €6,538 | -€30,840 | -€37,377 | |
| Income taxes | 67/77 | €3,338 | €368 | -€2,970 | -89.0% |
| Profit (loss) for the period | 9904 | €3,200 | -€31,208 | -€34,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,200 | -€31,208 | -€34,408 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.