QUALITATORS: 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.
QUALITATORS
Largest movements
- Cash +€64,507
up €64,507 (+50.8%), from €126,987 to €191,494
mainly Other debts (+€38,395) and Net result for the year (+€36,986)
- Tangible fixed assets -€3,537
down €3,537 (-39.1%), from €9,048 to €5,510
- Other debts +€38,395
up €38,395 (+111%), from €34,659 to €73,054
- Reserves +€36,986
up €36,986 (+58.8%), from €62,906 to €99,891
- Tax, wage and social debts -€8,419
down €8,419 (-20.8%), from €40,480 to €32,061
of which Remuneration and social security: -€10,746
- Trade debts -€3,513
down €3,513 (-53.5%), from €6,569 to €3,056
- Gross operating margin -€33,975
down €33,975 (-39.5%), from €85,960 to €51,985
- Taxes -€7,277
down €7,277 (-41.3%), from €17,633 to €10,355
- Financial charges +€2,406
up €2,406 (+6,161%), from €39 to €2,445
- Depreciation -€2,261
down €2,261 (-59.1%), from €3,826 to €1,566
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 | €144,714 | €208,162 | +€63,448 | +43.8% |
| Fixed assets | 21/28 | €9,048 | €5,510 | -€3,537 | -39.1% |
| Tangible fixed assets | 22/27 | €9,048 | €5,510 | -€3,537 | -39.1% |
| Furniture and vehicles | 24 | €9,048 | €5,510 | -€3,537 | -39.1% |
| Current assets | 29/58 | €135,666 | €202,652 | +€66,986 | +49.4% |
| Amounts receivable within one year | 40/41 | €8,151 | €8,742 | +€591 | +7.2% |
| Trade receivables | 40 | €8,151 | €8,742 | +€591 | +7.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €126,987 | €191,494 | +€64,507 | +50.8% |
| Deferred charges and accrued income | 490/1 | €528 | €2,416 | +€1,888 | +358% |
| Total equity and liabilities | 10/49 | €144,714 | €208,162 | +€63,448 | +43.8% |
| Equity | 10/15 | €63,006 | €99,991 | +€36,986 | +58.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €62,906 | €99,891 | +€36,986 | +58.8% |
| Distributable reserves | 133 | €62,906 | €99,891 | +€36,986 | +58.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €81,708 | €108,171 | +€26,463 | +32.4% |
| Amounts payable within one year | 42/48 | €81,708 | €108,171 | +€26,463 | +32.4% |
| Trade debts | 44 | €6,569 | €3,056 | -€3,513 | -53.5% |
| Suppliers | 440/4 | €6,569 | €3,056 | -€3,513 | -53.5% |
| Taxes, remuneration and social security | 45 | €40,480 | €32,061 | -€8,419 | -20.8% |
| Taxes | 450/3 | €29,735 | €32,061 | +€2,326 | +7.8% |
| Remuneration and social security | 454/9 | €10,746 | €0 | -€10,746 | -100% |
| Other amounts payable | 47/48 | €34,659 | €73,054 | +€38,395 | +111% |
| Non-recurring operating income | 76A | - | €2,410 | +€2,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,826 | €1,566 | -€2,261 | -59.1% |
| Other operating charges | 640/8 | €945 | €673 | -€272 | -28.8% |
| Gross operating margin | 9900 | €85,960 | €51,985 | -€33,975 | -39.5% |
| Operating profit (loss) | 9901 | €81,188 | €49,746 | -€31,442 | -38.7% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €39 | €2,445 | +€2,406 | +6,161% |
| Recurring financial charges | 65 | €39 | €2,445 | +€2,406 | +6,161% |
| Profit (loss) for the period before taxes | 9903 | €81,149 | €47,341 | -€33,808 | -41.7% |
| Income taxes | 67/77 | €17,633 | €10,355 | -€7,277 | -41.3% |
| Profit (loss) for the period | 9904 | €63,517 | €36,986 | -€26,531 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,517 | €36,986 | -€26,531 | -41.8% |
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 14 October 2026 via checked.be.