QUALITEA: 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.
QUALITEA
Largest movements
- Receivables within one year -€15,983
down €15,983 (-87.0%), from €18,371 to €2,388
of which Trade receivables: -€17,800
- Current investments +€8,218
new in 2025: €8,218
- Tangible fixed assets -€6,552
down €6,552 (-2.9%), from €225,527 to €218,975
of which Land and buildings: -€5,062
- Other debts -€21,184
down €21,184 (-14.5%), from €146,328 to €125,145
- Debts after one year -€15,467
down €15,467 (-12.7%), from €122,000 to €106,533
of which Financial debts: -€21,467
- Profit (loss) carried forward +€12,806
up €12,806 (+22.3%), from -€57,412 to -€44,606
- Trade debts +€7,100
up €7,100 (+568.3%), from €1,249 to €8,349
- Gross operating margin -€32,084
down €32,084 (-55.6%), from €57,751 to €25,667
- Financial charges -€2,653
down €2,653 (-36.0%), from €7,368 to €4,715
- Other operating charges -€1,352
down €1,352 (-47.4%), from €2,853 to €1,501
- Depreciation +€621
up €621 (+10.5%), from €5,931 to €6,552
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 | €246,232 | €229,581 | -€16,651 | -6.8% |
| Fixed assets | 21/28 | €225,527 | €218,975 | -€6,552 | -2.9% |
| Tangible fixed assets | 22/27 | €225,527 | €218,975 | -€6,552 | -2.9% |
| Land and buildings | 22 | €218,946 | €213,884 | -€5,062 | -2.3% |
| Furniture and vehicles | 24 | €6,581 | €5,091 | -€1,490 | -22.6% |
| Current assets | 29/58 | €20,705 | €10,606 | -€10,100 | -48.8% |
| Amounts receivable within one year | 40/41 | €18,371 | €2,388 | -€15,983 | -87.0% |
| Trade receivables | 40 | €17,800 | - | -€17,800 | |
| Other amounts receivable | 41 | €571 | €2,388 | +€1,817 | +318.5% |
| Current investments | 50/53 | - | €8,218 | +€8,218 | |
| Cash at bank and in hand | 54/58 | €2,335 | - | -€2,335 | |
| Total equity and liabilities | 10/49 | €246,232 | €229,581 | -€16,651 | -6.8% |
| Equity | 10/15 | -€38,812 | -€26,006 | +€12,806 | +33.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,412 | -€44,606 | +€12,806 | +22.3% |
| Amounts payable | 17/49 | €285,044 | €255,587 | -€29,457 | -10.3% |
| Amounts payable after more than one year | 17 | €122,000 | €106,533 | -€15,467 | -12.7% |
| Financial debts | 170/4 | €122,000 | €100,533 | -€21,467 | -17.6% |
| Other amounts payable | 178/9 | - | €6,000 | +€6,000 | |
| Amounts payable within one year | 42/48 | €163,044 | €149,053 | -€13,991 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €15,467 | €15,467 | = | 0.0% |
| Trade debts | 44 | €1,249 | €8,349 | +€7,100 | +568.3% |
| Suppliers | 440/4 | €1,249 | €8,349 | +€7,100 | +568.3% |
| Taxes, remuneration and social security | 45 | - | €93 | +€93 | |
| Taxes | 450/3 | - | €93 | +€93 | |
| Other amounts payable | 47/48 | €146,328 | €125,145 | -€21,184 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,931 | €6,552 | +€621 | +10.5% |
| Other operating charges | 640/8 | €2,853 | €1,501 | -€1,352 | -47.4% |
| Gross operating margin | 9900 | €57,751 | €25,667 | -€32,084 | -55.6% |
| Operating profit (loss) | 9901 | €48,967 | €17,614 | -€31,352 | -64.0% |
| Financial charges | 65/66B | €7,368 | €4,715 | -€2,653 | -36.0% |
| Recurring financial charges | 65 | €7,368 | €4,715 | -€2,653 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €41,598 | €12,899 | -€28,699 | -69.0% |
| Income taxes | 67/77 | - | €93 | +€93 | |
| Profit (loss) for the period | 9904 | €41,598 | €12,806 | -€28,793 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,598 | €12,806 | -€28,793 | -69.2% |
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 29 September 2026 via checked.be.