Qualitrol Belgium: what changed
What changed
Qualitrol Belgium
NACE 33.200, Installation of industrial machinery and equipment
filed annual accounts (NBB)
Net result for the year
-€7,403
2023 · €68,646-€76,049
Equity
€1.8m
2023 · €1.8m-€7,403
Cash
€1.7m
2023 · €1.8m-€70,038
Balance sheet total
€2.1m
2023 · €2.3m-€200,811
Largest movements
Assets
- Receivables within one year -€86,699
down €86,699 (-19.0%), from €456,853 to €370,154
of which Other amounts receivable: -€60,198
- Cash -€70,038
down €70,038 (-3.9%), from €1.8m to €1.7m
mainly Trade debts (-€204,165) and Net result for the year (-€7,403)
- Financial fixed assets -€24,275
down €24,275 (-97.9%), from €24,785 to €510
Equity and liabilities
- Trade debts -€204,165
down €204,165 (-71.0%), from €287,433 to €83,269
Income statement
- Gross operating margin -€304,716
down €304,716 (-38.3%), from €795,936 to €491,220
- Staff costs -€167,484
down €167,484 (-30.9%), from €542,367 to €374,883
- Taxes -€40,561
down €40,561 (-82.2%), from €49,331 to €8,769
- Financial income +€30,603
up €30,603 (+209%), from €14,641 to €45,244
- Other operating charges +€12,546
up €12,546 (+9.8%), from €128,352 to €140,898
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€68,646
Gross operating margin
-€304,716
Staff costs
+€167,484
Depreciation
+€4,912
Write-downs
-€5,947
Other operating charges
-€12,546
Financial income
+€30,603
Financial charges
+€3,600
Taxes
+€40,561
Result 2024
-€7,403
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€94,939
Investment
+€24,275
Financing
+€626
Cash 2023
€1.8m
From operations (derived)
-€94,939
Net result for the year
-€7,403
Depreciation
+€19,799
Receivables within one year
+€86,699
Trade debts
-€204,165
Tax, wage and social debts
+€5,628
Accrued charges and deferred income
+€4,503
Investment (derived)
+€24,275
Investment in fixed assets (net)
+€24,275
Financing
+€626
Short-term financial debts
+€626
Cash 2024
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,316,052 | €2,115,241 | -€200,811 | -8.7% |
| Fixed assets | 21/28 | €47,814 | €3,740 | -€44,074 | -92.2% |
| Tangible fixed assets | 22/27 | €23,029 | €3,230 | -€19,799 | -86.0% |
| Plant, machinery and equipment | 23 | €16,150 | €3,230 | -€12,920 | -80.0% |
| Furniture and vehicles | 24 | €6,879 | €0 | -€6,879 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €24,785 | €510 | -€24,275 | -97.9% |
| Current assets | 29/58 | €2,268,238 | €2,111,501 | -€156,737 | -6.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €456,853 | €370,154 | -€86,699 | -19.0% |
| Trade receivables | 40 | €390,705 | €364,203 | -€26,501 | -6.8% |
| Other amounts receivable | 41 | €66,149 | €5,951 | -€60,198 | -91.0% |
| Cash at bank and in hand | 54/58 | €1,811,384 | €1,741,347 | -€70,038 | -3.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,316,052 | €2,115,241 | -€200,811 | -8.7% |
| Equity | 10/15 | €1,842,790 | €1,835,387 | -€7,403 | -0.4% |
| Contributions | 10/11 | €396,630 | €396,630 | = | 0.0% |
| Capital | 10 | €396,630 | €396,630 | = | 0.0% |
| Issued capital | 100 | €396,630 | €396,630 | = | 0.0% |
| Revaluation surpluses | 12 | €563 | €563 | = | 0.0% |
| Reserves | 13 | €45,101 | €45,101 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,663 | €39,663 | = | 0.0% |
| Legal reserve | 130 | €39,663 | €39,663 | = | 0.0% |
| Distributable reserves | 133 | €5,438 | €5,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,400,498 | €1,393,095 | -€7,403 | -0.5% |
| Amounts payable | 17/49 | €473,262 | €279,854 | -€193,408 | -40.9% |
| Amounts payable within one year | 42/48 | €473,262 | €275,351 | -€197,911 | -41.8% |
| Financial debts | 43 | - | €626 | +€626 | |
| Credit institutions | 430/8 | - | €626 | +€626 | |
| Trade debts | 44 | €287,433 | €83,269 | -€204,165 | -71.0% |
| Suppliers | 440/4 | €287,433 | €83,269 | -€204,165 | -71.0% |
| Taxes, remuneration and social security | 45 | €185,828 | €191,456 | +€5,628 | +3.0% |
| Taxes | 450/3 | €110,299 | €164,221 | +€53,922 | +48.9% |
| Remuneration and social security | 454/9 | €75,529 | €27,236 | -€48,294 | -63.9% |
| Accrued charges and deferred income | 492/3 | €0 | €4,503 | +€4,503 | |
| Remuneration, social security and pensions | 62 | €542,367 | €374,883 | -€167,484 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,711 | €19,799 | -€4,912 | -19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,947 | €0 | +€5,947 | |
| Other operating charges | 640/8 | €128,352 | €140,898 | +€12,546 | +9.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €795,936 | €491,220 | -€304,716 | -38.3% |
| Operating profit (loss) | 9901 | €106,454 | -€44,360 | -€150,814 | |
| Financial income | 75/76B | €14,641 | €45,244 | +€30,603 | +209% |
| Recurring financial income | 75 | €14,641 | €45,244 | +€30,603 | +209% |
| Financial charges | 65/66B | €3,118 | -€482 | -€3,600 | |
| Recurring financial charges | 65 | €3,118 | -€482 | -€3,600 | |
| Profit (loss) for the period before taxes | 9903 | €117,977 | €1,366 | -€116,611 | -98.8% |
| Income taxes | 67/77 | €49,331 | €8,769 | -€40,561 | -82.2% |
| Profit (loss) for the period | 9904 | €68,646 | -€7,403 | -€76,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,646 | -€7,403 | -€76,049 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.