QUALITYD: what changed
QUALITYD
Largest movements
- Cash -€26,722
down €26,722 (-67.3%), from €39,690 to €12,968
mainly Net result for the year (-€36,330) and Debts after one year (-€10,242)
- Tangible fixed assets -€17,500
down €17,500 (-95.4%), from €18,342 to €842
of which Furniture and vehicles: -€17,309
- Receivables within one year -€7,337
down €7,337 (-53.5%), from €13,713 to €6,376
of which Trade receivables: -€6,854
- Profit (loss) carried forward -€36,330
down €36,330, from €31,694 to -€4,636
- Debts after one year -€10,242
down €10,242 (-49.2%), from €20,806 to €10,564
- Tax, wage and social debts -€4,820
down €4,820 (-72.1%), from €6,687 to €1,867
- Other debts -€915
down €915 (-43.8%), from €2,088 to €1,173
- Gross operating margin -€29,217
down €29,217, from €12,450 to -€16,767
- Depreciation -€1,447
down €1,447 (-7.6%), from €18,946 to €17,500
- Financial charges -€314
down €314 (-25.8%), from €1,218 to €904
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,279 | €22,877 | -€51,403 | -69.2% |
| Fixed assets | 21/28 | €18,342 | €842 | -€17,500 | -95.4% |
| Tangible fixed assets | 22/27 | €18,342 | €842 | -€17,500 | -95.4% |
| Furniture and vehicles | 24 | €17,409 | €100 | -€17,309 | -99.4% |
| Other tangible fixed assets | 26 | €934 | €743 | -€191 | -20.5% |
| Current assets | 29/58 | €55,937 | €22,034 | -€33,903 | -60.6% |
| Amounts receivable within one year | 40/41 | €13,713 | €6,376 | -€7,337 | -53.5% |
| Trade receivables | 40 | €9,378 | €2,524 | -€6,854 | -73.1% |
| Other amounts receivable | 41 | €4,336 | €3,852 | -€484 | -11.2% |
| Cash at bank and in hand | 54/58 | €39,690 | €12,968 | -€26,722 | -67.3% |
| Deferred charges and accrued income | 490/1 | €2,533 | €2,690 | +€157 | +6.2% |
| Total equity and liabilities | 10/49 | €74,279 | €22,877 | -€51,403 | -69.2% |
| Equity | 10/15 | €34,694 | -€1,636 | -€36,330 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,694 | -€4,636 | -€36,330 | |
| Amounts payable | 17/49 | €39,585 | €24,513 | -€15,073 | -38.1% |
| Amounts payable after more than one year | 17 | €20,806 | €10,564 | -€10,242 | -49.2% |
| Financial debts | 170/4 | €20,806 | €10,564 | -€10,242 | -49.2% |
| Amounts payable within one year | 42/48 | €18,779 | €13,949 | -€4,830 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €9,931 | €10,242 | +€312 | +3.1% |
| Trade debts | 44 | €73 | €666 | +€593 | +807% |
| Suppliers | 440/4 | €73 | €666 | +€593 | +807% |
| Taxes, remuneration and social security | 45 | €6,687 | €1,867 | -€4,820 | -72.1% |
| Taxes | 450/3 | €6,687 | €1,867 | -€4,820 | -72.1% |
| Other amounts payable | 47/48 | €2,088 | €1,173 | -€915 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,946 | €17,500 | -€1,447 | -7.6% |
| Other operating charges | 640/8 | €899 | €1,024 | +€125 | +13.9% |
| Gross operating margin | 9900 | €12,450 | -€16,767 | -€29,217 | |
| Operating profit (loss) | 9901 | -€7,395 | -€35,290 | -€27,895 | -377% |
| Financial income | 75/76B | €23 | €17 | -€6 | -26.1% |
| Recurring financial income | 75 | €23 | €17 | -€6 | -26.1% |
| Financial charges | 65/66B | €1,218 | €904 | -€314 | -25.8% |
| Recurring financial charges | 65 | €1,218 | €904 | -€314 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,590 | -€36,177 | -€27,587 | -321% |
| Income taxes | 67/77 | €171 | €152 | -€19 | -11.0% |
| Profit (loss) for the period | 9904 | -€8,761 | -€36,330 | -€27,569 | -315% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,761 | -€36,330 | -€27,569 | -315% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.