QUALITICS: what changed
Two financial 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.
QUALITICS
Largest movements
- Receivables within one year +€112,836
up €112,836 (+96.0%), from €117,593 to €230,429
of which Other amounts receivable: +€71,258
- Deferred charges and accrued income +€83,246
up €83,246 (+2,148%), from €3,875 to €87,121
- Intangible fixed assets -€73,495
down €73,495 (-5.9%), from €1.2m to €1.2m
- Cash +€37,808
up €37,808 (+94.7%), from €39,931 to €77,739
mainly Depreciation (+€492,436) and Other debts (+€331,501)
- Profit (loss) carried forward -€892,599
down €892,599 (-5,467%), from -€16,326 to -€908,925
- Other debts +€331,501
up €331,501 (+4,640%), from €7,145 to €338,646
- Current portion of long-term debt +€300,668
up €300,668 (+89.2%), from €336,893 to €637,561
- Trade debts +€282,197
up €282,197 (+95.9%), from €294,214 to €576,411
- Contributions +€170,000
up €170,000 (+213%), from €80,000 to €250,000
- Gross operating margin -€497,727
down €497,727 (-61.1%), from €814,556 to €316,829
- Staff costs +€125,442
up €125,442 (+27.5%), from €455,673 to €581,115
- Depreciation +€85,574
up €85,574 (+21.0%), from €406,862 to €492,436
- Financial charges +€57,139
up €57,139 (+504%), from €11,339 to €68,478
- Other operating charges +€57,078
up €57,078 (+2,076%), from €2,749 to €59,827
From the 2022 result to the 2023 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.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,462,506 | €1,622,124 | +€159,618 | +10.9% |
| Fixed assets | 21/28 | €1,301,107 | €1,226,835 | -€74,272 | -5.7% |
| Intangible fixed assets | 21 | €1,238,569 | €1,165,074 | -€73,495 | -5.9% |
| Tangible fixed assets | 22/27 | €62,243 | €60,216 | -€2,027 | -3.3% |
| Plant, machinery and equipment | 23 | €15,788 | €4,824 | -€10,964 | -69.4% |
| Furniture and vehicles | 24 | €46,455 | €55,392 | +€8,937 | +19.2% |
| Financial fixed assets | 28 | €295 | €1,545 | +€1,250 | +424% |
| Current assets | 29/58 | €161,399 | €395,289 | +€233,890 | +145% |
| Amounts receivable within one year | 40/41 | €117,593 | €230,429 | +€112,836 | +96.0% |
| Trade receivables | 40 | €101,128 | €142,706 | +€41,578 | +41.1% |
| Other amounts receivable | 41 | €16,465 | €87,723 | +€71,258 | +433% |
| Cash at bank and in hand | 54/58 | €39,931 | €77,739 | +€37,808 | +94.7% |
| Deferred charges and accrued income | 490/1 | €3,875 | €87,121 | +€83,246 | +2,148% |
| Total equity and liabilities | 10/49 | €1,462,506 | €1,622,124 | +€159,618 | +10.9% |
| Equity | 10/15 | €63,674 | -€658,925 | -€722,599 | |
| Contributions | 10/11 | €80,000 | €250,000 | +€170,000 | +213% |
| Profit (loss) carried forward | 14 | -€16,326 | -€908,925 | -€892,599 | -5,467% |
| Amounts payable | 17/49 | €1,398,832 | €2,281,049 | +€882,217 | +63.1% |
| Amounts payable after more than one year | 17 | €696,323 | €594,481 | -€101,842 | -14.6% |
| Financial debts | 170/4 | €696,323 | €594,481 | -€101,842 | -14.6% |
| Amounts payable within one year | 42/48 | €700,069 | €1,637,899 | +€937,830 | +134% |
| Current portion of amounts payable after more than one year | 42 | €336,893 | €637,561 | +€300,668 | +89.2% |
| Financial debts | 43 | €2,037 | €211 | -€1,826 | -89.6% |
| Credit institutions | 430/8 | €2,037 | €211 | -€1,826 | -89.6% |
| Trade debts | 44 | €294,214 | €576,411 | +€282,197 | +95.9% |
| Suppliers | 440/4 | €294,214 | €576,411 | +€282,197 | +95.9% |
| Taxes, remuneration and social security | 45 | €59,780 | €85,070 | +€25,290 | +42.3% |
| Taxes | 450/3 | €20,890 | €2,408 | -€18,482 | -88.5% |
| Remuneration and social security | 454/9 | €38,890 | €82,662 | +€43,772 | +113% |
| Other amounts payable | 47/48 | €7,145 | €338,646 | +€331,501 | +4,640% |
| Accrued charges and deferred income | 492/3 | €2,440 | €48,669 | +€46,229 | +1,895% |
| Remuneration, social security and pensions | 62 | €455,673 | €581,115 | +€125,442 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406,862 | €492,436 | +€85,574 | +21.0% |
| Other operating charges | 640/8 | €2,749 | €59,827 | +€57,078 | +2,076% |
| Gross operating margin | 9900 | €814,556 | €316,829 | -€497,727 | -61.1% |
| Operating profit (loss) | 9901 | -€50,728 | -€816,549 | -€765,821 | -1,510% |
| Financial income | 75/76B | €243 | €10,062 | +€9,819 | +4,041% |
| Recurring financial income | 75 | €243 | €62 | -€181 | -74.5% |
| Non-recurring financial income | 76B | - | €10,000 | +€10,000 | |
| Financial charges | 65/66B | €11,339 | €68,478 | +€57,139 | +504% |
| Recurring financial charges | 65 | €11,339 | €68,478 | +€57,139 | +504% |
| Profit (loss) for the period before taxes | 9903 | -€61,824 | -€874,965 | -€813,141 | -1,315% |
| Income taxes | 67/77 | €22,375 | €17,634 | -€4,741 | -21.2% |
| Profit (loss) for the period | 9904 | -€84,199 | -€892,599 | -€808,400 | -960% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,199 | -€892,599 | -€808,400 | -960% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.