Qualita: 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.
Qualita
Largest movements
- Receivables within one year +€543,548
up €543,548 (+1,735%), from €31,330 to €574,878
of which Trade receivables: +€544,844
- Stocks and contracts +€273,039
up €273,039 (+1,834%), from €14,891 to €287,929
- Tangible fixed assets -€36,742
down €36,742 (-22.7%), from €162,128 to €125,386
of which Furniture and vehicles: -€37,584
- Other debts +€409,251
up €409,251 (+16,628%), from €2,461 to €411,713
- Short-term financial debts +€180,000
new in 2025: €180,000
- Debts after one year +€107,588
up €107,588 (+186%), from €57,927 to €165,515
- Trade debts +€57,060
up €57,060 (+156%), from €36,537 to €93,597
- Reserves +€19,500
up €19,500 (+28.7%), from €68,000 to €87,500
- Gross operating margin +€100,258
up €100,258 (+68.9%), from €145,582 to €245,840
- Other operating charges +€54,310
up €54,310 (+2,083%), from €2,608 to €56,917
- Staff costs +€31,971
up €31,971 (+39.1%), from €81,665 to €113,636
- Depreciation +€15,429
up €15,429 (+65.5%), from €23,555 to €38,984
- Financial charges +€5,117
up €5,117 (+209%), from €2,448 to €7,564
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 | €215,499 | €992,796 | +€777,298 | +361% |
| Fixed assets | 21/28 | €162,128 | €125,386 | -€36,742 | -22.7% |
| Tangible fixed assets | 22/27 | €162,128 | €125,386 | -€36,742 | -22.7% |
| Plant, machinery and equipment | 23 | €3,677 | €4,519 | +€842 | +22.9% |
| Furniture and vehicles | 24 | €158,451 | €120,867 | -€37,584 | -23.7% |
| Current assets | 29/58 | €53,371 | €867,410 | +€814,039 | +1,525% |
| Stocks and contracts in progress | 3 | €14,891 | €287,929 | +€273,039 | +1,834% |
| Stocks | 30/36 | €14,891 | €287,929 | +€273,039 | +1,834% |
| Amounts receivable within one year | 40/41 | €31,330 | €574,878 | +€543,548 | +1,735% |
| Trade receivables | 40 | €27,289 | €572,134 | +€544,844 | +1,997% |
| Other amounts receivable | 41 | €4,041 | €2,744 | -€1,296 | -32.1% |
| Cash at bank and in hand | 54/58 | €2,758 | €816 | -€1,942 | -70.4% |
| Deferred charges and accrued income | 490/1 | €4,392 | €3,787 | -€605 | -13.8% |
| Total equity and liabilities | 10/49 | €215,499 | €992,796 | +€777,298 | +361% |
| Equity | 10/15 | €79,787 | €99,501 | +€19,714 | +24.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €68,000 | €87,500 | +€19,500 | +28.7% |
| Distributable reserves | 133 | €68,000 | €87,500 | +€19,500 | +28.7% |
| Profit (loss) carried forward | 14 | €1,787 | €2,001 | +€214 | +12.0% |
| Amounts payable | 17/49 | €135,711 | €893,295 | +€757,584 | +558% |
| Amounts payable after more than one year | 17 | €57,927 | €165,515 | +€107,588 | +186% |
| Financial debts | 170/4 | €57,927 | €165,515 | +€107,588 | +186% |
| Amounts payable within one year | 42/48 | €77,784 | €727,780 | +€649,996 | +836% |
| Current portion of amounts payable after more than one year | 42 | €14,886 | €27,558 | +€12,672 | +85.1% |
| Financial debts | 43 | - | €180,000 | +€180,000 | |
| Other loans | 439 | - | €180,000 | +€180,000 | |
| Trade debts | 44 | €36,537 | €93,597 | +€57,060 | +156% |
| Suppliers | 440/4 | €36,537 | €93,597 | +€57,060 | +156% |
| Taxes, remuneration and social security | 45 | €23,900 | €14,913 | -€8,987 | -37.6% |
| Taxes | 450/3 | €20,817 | €8,950 | -€11,867 | -57.0% |
| Remuneration and social security | 454/9 | €3,083 | €5,963 | +€2,880 | +93.4% |
| Other amounts payable | 47/48 | €2,461 | €411,713 | +€409,251 | +16,628% |
| Remuneration, social security and pensions | 62 | €81,665 | €113,636 | +€31,971 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,555 | €38,984 | +€15,429 | +65.5% |
| Other operating charges | 640/8 | €2,608 | €56,917 | +€54,310 | +2,083% |
| Gross operating margin | 9900 | €145,582 | €245,840 | +€100,258 | +68.9% |
| Operating profit (loss) | 9901 | €37,755 | €36,303 | -€1,452 | -3.8% |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €2,448 | €7,564 | +€5,117 | +209% |
| Recurring financial charges | 65 | €2,448 | €7,564 | +€5,117 | +209% |
| Profit (loss) for the period before taxes | 9903 | €35,357 | €28,739 | -€6,619 | -18.7% |
| Income taxes | 67/77 | €10,517 | €9,025 | -€1,492 | -14.2% |
| Profit (loss) for the period | 9904 | €24,840 | €19,714 | -€5,126 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,840 | €19,714 | -€5,126 | -20.6% |
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.