Qualitax+: 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.
Qualitax+
Largest movements
- Receivables within one year -€91,157
down €91,157 (-59.5%), from €153,311 to €62,154
of which Other amounts receivable: -€110,971
- Cash -€12,413
down €12,413 (-41.0%), from €30,271 to €17,859
mainly Debts after one year (-€100,000) and Contributions, distributions and other (-€57,012)
- Debts after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Other debts +€16,612
up €16,612 (+55.5%), from €29,936 to €46,548
- Trade debts -€5,562
down €5,562 (-38.0%), from €14,647 to €9,084
- Tax, wage and social debts +€2,132
up €2,132 (+137.9%), from €1,546 to €3,677
- Gross operating margin +€8,092
up €8,092 (+16.9%), from €47,926 to €56,018
- Financial charges -€1,616
down €1,616 (-33.4%), from €4,833 to €3,217
- Financial income -€1,012
down €1,012 (-85.3%), from €1,187 to €175
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 | €183,583 | €80,012 | -€103,570 | -56.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Current assets | 29/58 | €183,583 | €80,012 | -€103,570 | -56.4% |
| Amounts receivable within one year | 40/41 | €153,311 | €62,154 | -€91,157 | -59.5% |
| Trade receivables | 40 | €42,335 | €62,149 | +€19,814 | +46.8% |
| Other amounts receivable | 41 | €110,976 | €5 | -€110,971 | -100.0% |
| Cash at bank and in hand | 54/58 | €30,271 | €17,859 | -€12,413 | -41.0% |
| Total equity and liabilities | 10/49 | €183,583 | €80,012 | -€103,570 | -56.4% |
| Equity | 10/15 | €37,455 | €20,703 | -€16,752 | -44.7% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €18,855 | €19,703 | +€848 | +4.5% |
| Distributable reserves | 133 | €18,855 | €19,703 | +€848 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €146,128 | €59,309 | -€86,819 | -59.4% |
| Amounts payable after more than one year | 17 | €100,000 | €0 | -€100,000 | -100.0% |
| Financial debts | 170/4 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts payable within one year | 42/48 | €46,128 | €59,309 | +€13,181 | +28.6% |
| Trade debts | 44 | €14,647 | €9,084 | -€5,562 | -38.0% |
| Suppliers | 440/4 | €14,647 | €9,084 | -€5,562 | -38.0% |
| Taxes, remuneration and social security | 45 | €1,546 | €3,677 | +€2,132 | +137.9% |
| Taxes | 450/3 | €1,546 | €3,677 | +€2,132 | +137.9% |
| Other amounts payable | 47/48 | €29,936 | €46,548 | +€16,612 | +55.5% |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,530 | €1,186 | -€344 | -22.5% |
| Gross operating margin | 9900 | €47,926 | €56,018 | +€8,092 | +16.9% |
| Operating profit (loss) | 9901 | €46,396 | €54,832 | +€8,436 | +18.2% |
| Financial income | 75/76B | €1,187 | €175 | -€1,012 | -85.3% |
| Recurring financial income | 75 | €1,187 | €175 | -€1,012 | -85.3% |
| Financial charges | 65/66B | €4,833 | €3,217 | -€1,616 | -33.4% |
| Recurring financial charges | 65 | €4,833 | €3,217 | -€1,616 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €42,749 | €51,789 | +€9,040 | +21.1% |
| Income taxes | 67/77 | €11,758 | €11,529 | -€229 | -1.9% |
| Profit (loss) for the period | 9904 | €30,991 | €40,260 | +€9,269 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,991 | €40,260 | +€9,269 | +29.9% |
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 6 October 2026 via checked.be.