QUALITEK: 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.
QUALITEK
Largest movements
- Cash -€61,615
down €61,615 (-35.8%), from €171,900 to €110,285
mainly Contributions, distributions and other (-€102,814) and Trade debts (-€25,419)
- Receivables within one year -€40,415
down €40,415 (-20.8%), from €194,424 to €154,009
of which Trade receivables: -€39,911
- Tangible fixed assets -€9,197
down €9,197 (-18.0%), from €51,065 to €41,868
of which Furniture and vehicles: -€6,826
- Reserves -€99,241
down €99,241 (-35.7%), from €277,663 to €178,422
of which Distributable reserves: -€99,241
- Trade debts -€25,419
down €25,419 (-49.9%), from €50,904 to €25,485
- Tax, wage and social debts +€9,497
up €9,497 (+13.9%), from €68,525 to €78,022
of which Remuneration and social security: +€9,976
- Gross operating margin -€37,023
down €37,023 (-9.2%), from €403,108 to €366,085
- Taxes -€36,966
down €36,966 (-99.0%), from €37,323 to €357
- Staff costs +€32,784
up €32,784 (+10.2%), from €321,625 to €354,409
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 | €417,389 | €306,162 | -€111,227 | -26.6% |
| Fixed assets | 21/28 | €51,065 | €41,868 | -€9,197 | -18.0% |
| Tangible fixed assets | 22/27 | €51,065 | €41,868 | -€9,197 | -18.0% |
| Land and buildings | 22 | €6,479 | €5,691 | -€788 | -12.2% |
| Plant, machinery and equipment | 23 | €15,218 | €13,635 | -€1,583 | -10.4% |
| Furniture and vehicles | 24 | €29,368 | €22,542 | -€6,826 | -23.2% |
| Current assets | 29/58 | €366,324 | €264,294 | -€102,030 | -27.9% |
| Amounts receivable within one year | 40/41 | €194,424 | €154,009 | -€40,415 | -20.8% |
| Trade receivables | 40 | €192,920 | €153,009 | -€39,911 | -20.7% |
| Other amounts receivable | 41 | €1,504 | €1,000 | -€504 | -33.5% |
| Cash at bank and in hand | 54/58 | €171,900 | €110,285 | -€61,615 | -35.8% |
| Total equity and liabilities | 10/49 | €417,389 | €306,162 | -€111,227 | -26.6% |
| Equity | 10/15 | €296,255 | €197,014 | -€99,241 | -33.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €277,663 | €178,422 | -€99,241 | -35.7% |
| Non-distributable reserves | 130/1 | €12,299 | €12,299 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,299 | €12,299 | = | 0.0% |
| Distributable reserves | 133 | €265,364 | €166,123 | -€99,241 | -37.4% |
| Amounts payable | 17/49 | €121,134 | €109,148 | -€11,986 | -9.9% |
| Amounts payable within one year | 42/48 | €121,134 | €109,148 | -€11,986 | -9.9% |
| Trade debts | 44 | €50,904 | €25,485 | -€25,419 | -49.9% |
| Suppliers | 440/4 | €50,904 | €25,485 | -€25,419 | -49.9% |
| Taxes, remuneration and social security | 45 | €68,525 | €78,022 | +€9,497 | +13.9% |
| Taxes | 450/3 | €30,975 | €30,496 | -€479 | -1.5% |
| Remuneration and social security | 454/9 | €37,550 | €47,526 | +€9,976 | +26.6% |
| Other amounts payable | 47/48 | €1,705 | €5,641 | +€3,936 | +230.9% |
| Remuneration, social security and pensions | 62 | €321,625 | €354,409 | +€32,784 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,072 | €15,181 | +€1,109 | +7.9% |
| Other operating charges | 640/8 | €1,444 | €689 | -€755 | -52.3% |
| Non-recurring operating charges | 66A | - | €9,204 | +€9,204 | |
| Gross operating margin | 9900 | €403,108 | €366,085 | -€37,023 | -9.2% |
| Operating profit (loss) | 9901 | €65,967 | -€13,398 | -€79,365 | |
| Financial income | 75/76B | €17,378 | €17,875 | +€497 | +2.9% |
| Recurring financial income | 75 | €22 | €17,875 | +€17,853 | +81150.0% |
| Non-recurring financial income | 76B | €17,356 | €17,875 | +€519 | +3.0% |
| Financial charges | 65/66B | €586 | €547 | -€39 | -6.7% |
| Recurring financial charges | 65 | €586 | €547 | -€39 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €82,759 | €3,930 | -€78,829 | -95.3% |
| Income taxes | 67/77 | €37,323 | €357 | -€36,966 | -99.0% |
| Profit (loss) for the period | 9904 | €45,436 | €3,573 | -€41,863 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,436 | €3,573 | -€41,863 | -92.1% |
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.