QUALITEC BUILDING: 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.
QUALITEC BUILDING
Largest movements
- Cash +€112,532
up €112,532 (+66.7%), from €168,773 to €281,305
mainly Other debts (+€444,569) and Net result for the year (+€212,483)
- Receivables within one year -€21,811
down €21,811 (-15.2%), from €143,328 to €121,517
of which Trade receivables: -€19,917
- Tangible fixed assets -€20,586
down €20,586 (-2.3%), from €914,423 to €893,837
of which Land and buildings: -€26,982
- Other debts +€444,569
up €444,569 (+6702.5%), from €6,633 to €451,202
- Reserves -€232,264
down €232,264 (-39.0%), from €595,265 to €363,001
- Tax, wage and social debts -€51,036
down €51,036 (-50.6%), from €100,808 to €49,773
of which Remuneration and social security: -€44,320
- Debts after one year -€37,592
down €37,592 (-5.7%), from €663,672 to €626,080
- Current portion of long-term debt -€24,735
down €24,735 (-39.7%), from €62,328 to €37,592
- Gross operating margin +€54,372
up €54,372 (+4.7%), from €1.2m to €1.2m
- Depreciation +€32,235
up €32,235 (+811.3%), from €3,973 to €36,209
- Taxes -€26,204
down €26,204 (-26.6%), from €98,533 to €72,329
- Financial charges +€23,745
up €23,745 (+1137.0%), from €2,088 to €25,834
- Staff costs +€18,468
up €18,468 (+2.1%), from €880,329 to €898,796
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 | €1,499,173 | €1,574,054 | +€74,881 | +5.0% |
| Fixed assets | 21/28 | €922,523 | €893,837 | -€28,686 | -3.1% |
| Tangible fixed assets | 22/27 | €914,423 | €893,837 | -€20,586 | -2.3% |
| Land and buildings | 22 | €889,810 | €862,828 | -€26,982 | -3.0% |
| Plant, machinery and equipment | 23 | €5,529 | €14,535 | +€9,006 | +162.9% |
| Furniture and vehicles | 24 | €19,084 | €16,473 | -€2,611 | -13.7% |
| Financial fixed assets | 28 | €8,100 | - | -€8,100 | |
| Current assets | 29/58 | €576,650 | €680,217 | +€103,567 | +18.0% |
| Amounts receivable after more than one year | 29 | €257,500 | €257,500 | = | 0.0% |
| Other amounts receivable | 291 | €257,500 | €257,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,328 | €121,517 | -€21,811 | -15.2% |
| Trade receivables | 40 | €137,387 | €117,471 | -€19,917 | -14.5% |
| Other amounts receivable | 41 | €5,941 | €4,046 | -€1,895 | -31.9% |
| Cash at bank and in hand | 54/58 | €168,773 | €281,305 | +€112,532 | +66.7% |
| Deferred charges and accrued income | 490/1 | €7,049 | €19,895 | +€12,846 | +182.2% |
| Total equity and liabilities | 10/49 | €1,499,173 | €1,574,054 | +€74,881 | +5.0% |
| Equity | 10/15 | €605,265 | €373,001 | -€232,264 | -38.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €595,265 | €363,001 | -€232,264 | -39.0% |
| Distributable reserves | 133 | €595,265 | €363,001 | -€232,264 | -39.0% |
| Amounts payable | 17/49 | €893,908 | €1,201,052 | +€307,144 | +34.4% |
| Amounts payable after more than one year | 17 | €663,672 | €626,080 | -€37,592 | -5.7% |
| Financial debts | 170/4 | €663,672 | €626,080 | -€37,592 | -5.7% |
| Amounts payable within one year | 42/48 | €195,508 | €543,813 | +€348,306 | +178.2% |
| Current portion of amounts payable after more than one year | 42 | €62,328 | €37,592 | -€24,735 | -39.7% |
| Trade debts | 44 | €25,739 | €5,246 | -€20,493 | -79.6% |
| Suppliers | 440/4 | €25,739 | €5,246 | -€20,493 | -79.6% |
| Taxes, remuneration and social security | 45 | €100,808 | €49,773 | -€51,036 | -50.6% |
| Taxes | 450/3 | €15,996 | €9,281 | -€6,715 | -42.0% |
| Remuneration and social security | 454/9 | €84,812 | €40,492 | -€44,320 | -52.3% |
| Other amounts payable | 47/48 | €6,633 | €451,202 | +€444,569 | +6702.5% |
| Accrued charges and deferred income | 492/3 | €34,728 | €31,159 | -€3,569 | -10.3% |
| Remuneration, social security and pensions | 62 | €880,329 | €898,796 | +€18,468 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,973 | €36,209 | +€32,235 | +811.3% |
| Other operating charges | 640/8 | €5,520 | €10,550 | +€5,030 | +91.1% |
| Gross operating margin | 9900 | €1,164,959 | €1,219,330 | +€54,372 | +4.7% |
| Operating profit (loss) | 9901 | €275,137 | €273,776 | -€1,361 | -0.5% |
| Financial income | 75/76B | €28,527 | €36,869 | +€8,343 | +29.2% |
| Recurring financial income | 75 | €28,527 | €36,869 | +€8,343 | +29.2% |
| Financial charges | 65/66B | €2,088 | €25,834 | +€23,745 | +1137.0% |
| Recurring financial charges | 65 | €2,088 | €25,834 | +€23,745 | +1137.0% |
| Profit (loss) for the period before taxes | 9903 | €301,575 | €284,811 | -€16,764 | -5.6% |
| Income taxes | 67/77 | €98,533 | €72,329 | -€26,204 | -26.6% |
| Profit (loss) for the period | 9904 | €203,042 | €212,483 | +€9,441 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €203,042 | €212,483 | +€9,441 | +4.6% |
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 7 October 2026 via checked.be.