QUALITASS: 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.
QUALITASS
Largest movements
- Cash +€265,353
up €265,353 (+38.0%), from €699,050 to €964,403
mainly Accrued charges and deferred income (+€362,559) and Net result for the year (+€129,945)
- Tangible fixed assets +€40,995
up €40,995 (+31.3%), from €130,969 to €171,964
of which Furniture and vehicles: +€45,043
- Accrued charges and deferred income +€362,559
up €362,559 (+850.1%), from €42,651 to €405,210
- Trade debts -€164,232
down €164,232 (-92.6%), from €177,389 to €13,157
- Profit (loss) carried forward +€129,945
up €129,945 (+24.4%), from €532,438 to €662,383
- Staff costs +€94,280
up €94,280 (+8.3%), from €1.1m to €1.2m
- Gross operating margin +€72,696
up €72,696 (+5.2%), from €1.4m to €1.5m
- Depreciation +€16,673
up €16,673 (+60.2%), from €27,674 to €44,347
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 | €968,217 | €1,286,477 | +€318,260 | +32.9% |
| Fixed assets | 21/28 | €130,969 | €171,964 | +€40,995 | +31.3% |
| Tangible fixed assets | 22/27 | €130,969 | €171,964 | +€40,995 | +31.3% |
| Furniture and vehicles | 24 | €114,848 | €159,891 | +€45,043 | +39.2% |
| Other tangible fixed assets | 26 | €16,121 | €12,073 | -€4,048 | -25.1% |
| Current assets | 29/58 | €837,248 | €1,114,513 | +€277,264 | +33.1% |
| Amounts receivable within one year | 40/41 | €138,198 | €150,109 | +€11,912 | +8.6% |
| Trade receivables | 40 | €138,198 | €137,888 | -€309 | -0.2% |
| Other amounts receivable | 41 | - | €12,221 | +€12,221 | |
| Cash at bank and in hand | 54/58 | €699,050 | €964,403 | +€265,353 | +38.0% |
| Total equity and liabilities | 10/49 | €968,217 | €1,286,477 | +€318,260 | +32.9% |
| Equity | 10/15 | €604,080 | €734,025 | +€129,945 | +21.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,642 | €9,642 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,442 | €3,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | €532,438 | €662,383 | +€129,945 | +24.4% |
| Amounts payable | 17/49 | €364,137 | €552,452 | +€188,315 | +51.7% |
| Amounts payable within one year | 42/48 | €321,486 | €147,242 | -€174,244 | -54.2% |
| Trade debts | 44 | €177,389 | €13,157 | -€164,232 | -92.6% |
| Suppliers | 440/4 | €177,389 | €13,157 | -€164,232 | -92.6% |
| Taxes, remuneration and social security | 45 | €144,097 | €134,085 | -€10,012 | -6.9% |
| Taxes | 450/3 | €17,192 | €0 | -€17,192 | -100.0% |
| Remuneration and social security | 454/9 | €126,905 | €134,085 | +€7,180 | +5.7% |
| Accrued charges and deferred income | 492/3 | €42,651 | €405,210 | +€362,559 | +850.1% |
| Remuneration, social security and pensions | 62 | €1,137,839 | €1,232,119 | +€94,280 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,674 | €44,347 | +€16,673 | +60.2% |
| Other operating charges | 640/8 | €6,742 | €12,218 | +€5,476 | +81.2% |
| Non-recurring operating charges | 66A | €4,094 | €1,044 | -€3,050 | -74.5% |
| Gross operating margin | 9900 | €1,397,583 | €1,470,278 | +€72,696 | +5.2% |
| Operating profit (loss) | 9901 | €221,233 | €180,550 | -€40,683 | -18.4% |
| Financial income | 75/76B | €7,568 | €10,185 | +€2,616 | +34.6% |
| Recurring financial income | 75 | €7,568 | €10,185 | +€2,616 | +34.6% |
| Financial charges | 65/66B | €2,264 | €633 | -€1,631 | -72.0% |
| Recurring financial charges | 65 | €2,264 | €633 | -€1,631 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €226,537 | €190,101 | -€36,436 | -16.1% |
| Income taxes | 67/77 | €69,035 | €60,156 | -€8,879 | -12.9% |
| Profit (loss) for the period | 9904 | €157,502 | €129,945 | -€27,557 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €157,502 | €129,945 | -€27,557 | -17.5% |
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 11 October 2026 via checked.be.