QUALITEETH: 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.
QUALITEETH
Largest movements
- Tangible fixed assets +€175,353
up €175,353 (+1921.6%), from €9,126 to €184,479
of which Plant, machinery and equipment: +€94,018
- Cash +€50,634
up €50,634 (+17.5%), from €288,926 to €339,560
mainly Other debts (+€404,444) and Net result for the year (+€123,234)
- Receivables within one year -€13,870
no longer reported in 2025 (was €13,870)
- Deferred charges and accrued income -€11,921
down €11,921 (-98.5%), from €12,097 to €176
- Other debts +€404,444
up €404,444 (+1214.2%), from €33,308 to €437,752
- Profit (loss) carried forward -€275,307
no longer reported in 2025 (was €275,307)
- Trade debts +€82,009
up €82,009 (+157436.7%), from €52 to €82,061
- Tax, wage and social debts -€10,950
down €10,950 (-82.0%), from €13,352 to €2,401
of which Remuneration and social security: -€6,000
- Gross operating margin +€17,008
up €17,008 (+12.0%), from €141,749 to €158,757
- Depreciation +€1,840
up €1,840 (+128.4%), from €1,433 to €3,273
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 | €324,018 | €524,214 | +€200,196 | +61.8% |
| Fixed assets | 21/28 | €9,126 | €184,479 | +€175,353 | +1921.6% |
| Tangible fixed assets | 22/27 | €9,126 | €184,479 | +€175,353 | +1921.6% |
| Land and buildings | 22 | - | €81,987 | +€81,987 | |
| Plant, machinery and equipment | 23 | €6,039 | €100,057 | +€94,018 | +1556.9% |
| Furniture and vehicles | 24 | €3,087 | €2,435 | -€652 | -21.1% |
| Current assets | 29/58 | €314,893 | €339,736 | +€24,843 | +7.9% |
| Amounts receivable within one year | 40/41 | €13,870 | - | -€13,870 | |
| Other amounts receivable | 41 | €13,870 | - | -€13,870 | |
| Cash at bank and in hand | 54/58 | €288,926 | €339,560 | +€50,634 | +17.5% |
| Deferred charges and accrued income | 490/1 | €12,097 | €176 | -€11,921 | -98.5% |
| Total equity and liabilities | 10/49 | €324,018 | €524,214 | +€200,196 | +61.8% |
| Equity | 10/15 | €277,307 | €2,000 | -€275,307 | -99.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275,307 | - | -€275,307 | |
| Amounts payable | 17/49 | €46,712 | €522,214 | +€475,503 | +1017.9% |
| Amounts payable within one year | 42/48 | €46,712 | €522,214 | +€475,503 | +1017.9% |
| Trade debts | 44 | €52 | €82,061 | +€82,009 | +157436.7% |
| Suppliers | 440/4 | €52 | €82,061 | +€82,009 | +157436.7% |
| Taxes, remuneration and social security | 45 | €13,352 | €2,401 | -€10,950 | -82.0% |
| Taxes | 450/3 | €7,352 | €2,401 | -€4,950 | -67.3% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €33,308 | €437,752 | +€404,444 | +1214.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,433 | €3,273 | +€1,840 | +128.4% |
| Other operating charges | 640/8 | €1,455 | €1,507 | +€52 | +3.6% |
| Gross operating margin | 9900 | €141,749 | €158,757 | +€17,008 | +12.0% |
| Operating profit (loss) | 9901 | €138,861 | €153,977 | +€15,116 | +10.9% |
| Financial charges | 65/66B | €148 | €317 | +€168 | +113.5% |
| Recurring financial charges | 65 | €148 | €317 | +€168 | +113.5% |
| Profit (loss) for the period before taxes | 9903 | €138,713 | €153,660 | +€14,947 | +10.8% |
| Income taxes | 67/77 | €30,451 | €30,426 | -€25 | -0.1% |
| Profit (loss) for the period | 9904 | €108,261 | €123,234 | +€14,972 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,261 | €123,234 | +€14,972 | +13.8% |
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 30 September 2026 via checked.be.