QUALITRANS: 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.
What changed
QUALITRANS
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,713
2024 · €4,618-€2,905
Equity
€564,427
2024 · €562,714+€1,713
Cash
€391,379
2024 · €304,106+€87,273
Balance sheet total
€1.5m
2024 · €1.2m+€272,038
Largest movements
Assets
- Tangible fixed assets +€183,678
up €183,678 (+55.1%), from €333,096 to €516,774
of which Furniture and vehicles: +€191,310
- Cash +€87,273
up €87,273 (+28.7%), from €304,106 to €391,379
mainly Debts after one year (+€140,000) and Depreciation (+€114,903)
Equity and liabilities
- Debts after one year +€140,000
new in 2025: €140,000
- Tax, wage and social debts +€98,352
up €98,352 (+20.1%), from €488,812 to €587,164
of which Remuneration and social security: +€92,495
- Current portion of long-term debt +€40,000
new in 2025: €40,000
Income statement
- Gross operating margin +€157,594
up €157,594 (+4.9%), from €3.2m to €3.4m
- Staff costs +€141,755
up €141,755 (+4.6%), from €3.1m to €3.2m
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.
Result 2024
€4,618
Gross operating margin
+€157,594
Staff costs
-€141,755
Depreciation
+€2,993
Other operating charges
-€3,724
Other operating items
-€14,756
Financial income
+€69
Financial charges
-€3,799
Taxes
+€472
Result 2025
€1,713
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.
From operations
+€205,854
Investment
-€298,581
Financing
+€180,000
Cash 2024
€304,106
From operations (derived)
+€205,854
Net result for the year
+€1,713
Depreciation
+€114,903
Receivables within one year
-€1,087
Trade debts
-€8,986
Tax, wage and social debts
+€98,352
Accrued charges and deferred income
+€959
Investment (derived)
-€298,581
Investment in fixed assets (net)
-€298,581
Financing
+€180,000
Debts after one year
+€140,000
Current portion of long-term debt
+€40,000
Cash 2025
€391,379
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,180,273 | €1,452,312 | +€272,038 | +23.0% |
| Fixed assets | 21/28 | €336,955 | €520,633 | +€183,678 | +54.5% |
| Tangible fixed assets | 22/27 | €333,096 | €516,774 | +€183,678 | +55.1% |
| Plant, machinery and equipment | 23 | €72,642 | €65,009 | -€7,632 | -10.5% |
| Furniture and vehicles | 24 | €260,454 | €451,764 | +€191,310 | +73.5% |
| Financial fixed assets | 28 | €3,859 | €3,859 | = | 0.0% |
| Current assets | 29/58 | €843,318 | €931,679 | +€88,361 | +10.5% |
| Amounts receivable within one year | 40/41 | €539,213 | €540,300 | +€1,087 | +0.2% |
| Trade receivables | 40 | €510,569 | €511,890 | +€1,320 | +0.3% |
| Other amounts receivable | 41 | €28,644 | €28,410 | -€233 | -0.8% |
| Cash at bank and in hand | 54/58 | €304,106 | €391,379 | +€87,273 | +28.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,180,273 | €1,452,312 | +€272,038 | +23.0% |
| Equity | 10/15 | €562,714 | €564,427 | +€1,713 | +0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €501,214 | €502,927 | +€1,713 | +0.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €186,529 | €192,529 | +€6,000 | +3.2% |
| Distributable reserves | 133 | €308,535 | €304,248 | -€4,287 | -1.4% |
| Amounts payable | 17/49 | €617,560 | €887,885 | +€270,325 | +43.8% |
| Amounts payable after more than one year | 17 | - | €140,000 | +€140,000 | |
| Financial debts | 170/4 | - | €140,000 | +€140,000 | |
| Amounts payable within one year | 42/48 | €617,560 | €746,926 | +€129,366 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €128,748 | €119,762 | -€8,986 | -7.0% |
| Suppliers | 440/4 | €128,748 | €119,762 | -€8,986 | -7.0% |
| Taxes, remuneration and social security | 45 | €488,812 | €587,164 | +€98,352 | +20.1% |
| Taxes | 450/3 | €122,532 | €128,389 | +€5,857 | +4.8% |
| Remuneration and social security | 454/9 | €366,280 | €458,775 | +€92,495 | +25.3% |
| Accrued charges and deferred income | 492/3 | €0 | €959 | +€959 | |
| Non-recurring operating income | 76A | €5,000 | €11,306 | +€6,306 | +126.1% |
| Remuneration, social security and pensions | 62 | €3,064,483 | €3,206,237 | +€141,755 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,896 | €114,903 | -€2,993 | -2.5% |
| Other operating charges | 640/8 | €22,110 | €25,834 | +€3,724 | +16.8% |
| Non-recurring operating charges | 66A | €0 | €14,756 | +€14,756 | |
| Gross operating margin | 9900 | €3,225,752 | €3,383,346 | +€157,594 | +4.9% |
| Operating profit (loss) | 9901 | €21,263 | €21,616 | +€353 | +1.7% |
| Financial income | 75/76B | €0 | €69 | +€69 | |
| Recurring financial income | 75 | €0 | €69 | +€69 | |
| Financial charges | 65/66B | €1,091 | €4,890 | +€3,799 | +348.1% |
| Recurring financial charges | 65 | €1,091 | €4,890 | +€3,799 | +348.1% |
| Profit (loss) for the period before taxes | 9903 | €20,172 | €16,794 | -€3,377 | -16.7% |
| Income taxes | 67/77 | €15,553 | €15,081 | -€472 | -3.0% |
| Profit (loss) for the period | 9904 | €4,618 | €1,713 | -€2,905 | -62.9% |
| Transfer to tax-exempt reserves | 689 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€382 | -€4,287 | -€3,905 | -1022.8% |
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 5 October 2026 via checked.be.