QUALITYWORX: 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.
QUALITYWORX
Largest movements
- Receivables after one year +€252,171
new in 2025: €252,171
- Receivables within one year -€150,042
down €150,042 (-91.6%), from €163,738 to €13,695
of which Other amounts receivable: -€93,819
- Cash -€20,669
down €20,669 (-100%), from €20,669 to €0
mainly Receivables after one year (-€252,171) and Short-term financial debts (-€4,318)
- Reserves +€76,510
up €76,510 (+89.9%), from €85,122 to €161,632
- Accrued charges and deferred income +€7,050
new in 2025: €7,050
- Tax, wage and social debts +€4,429
up €4,429 (+5.2%), from €84,835 to €89,264
of which Taxes: +€4,429
- Short-term financial debts -€4,318
down €4,318 (-84.5%), from €5,111 to €793
- Gross operating margin +€49,813
up €49,813 (+76.6%), from €65,059 to €114,871
- Taxes +€9,686
up €9,686 (+74.3%), from €13,042 to €22,728
- Other operating charges +€5,180
up €5,180 (+140%), from €3,699 to €8,879
- Financial charges +€4,066
up €4,066 (+72.5%), from €5,607 to €9,673
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.
Derived cash bridge
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 | €185,152 | €268,904 | +€83,752 | +45.2% |
| Fixed assets | 21/28 | €540 | €337 | -€203 | -37.5% |
| Tangible fixed assets | 22/27 | €540 | €337 | -€203 | -37.5% |
| Furniture and vehicles | 24 | €540 | €337 | -€203 | -37.5% |
| Current assets | 29/58 | €184,612 | €268,567 | +€83,955 | +45.5% |
| Amounts receivable after more than one year | 29 | - | €252,171 | +€252,171 | |
| Other amounts receivable | 291 | - | €252,171 | +€252,171 | |
| Amounts receivable within one year | 40/41 | €163,738 | €13,695 | -€150,042 | -91.6% |
| Trade receivables | 40 | €69,919 | €13,695 | -€56,223 | -80.4% |
| Other amounts receivable | 41 | €93,819 | €0 | -€93,819 | -100% |
| Cash at bank and in hand | 54/58 | €20,669 | €0 | -€20,669 | -100% |
| Deferred charges and accrued income | 490/1 | €205 | €2,700 | +€2,495 | +1,215% |
| Total equity and liabilities | 10/49 | €185,152 | €268,904 | +€83,752 | +45.2% |
| Equity | 10/15 | €90,122 | €166,632 | +€76,510 | +84.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,122 | €161,632 | +€76,510 | +89.9% |
| Distributable reserves | 133 | €85,122 | €161,632 | +€76,510 | +89.9% |
| Amounts payable | 17/49 | €95,030 | €102,272 | +€7,243 | +7.6% |
| Amounts payable within one year | 42/48 | €95,030 | €95,222 | +€192 | +0.2% |
| Financial debts | 43 | €5,111 | €793 | -€4,318 | -84.5% |
| Credit institutions | 430/8 | €5,111 | €793 | -€4,318 | -84.5% |
| Trade debts | 44 | €5,083 | €5,165 | +€81 | +1.6% |
| Suppliers | 440/4 | €5,083 | €5,165 | +€81 | +1.6% |
| Taxes, remuneration and social security | 45 | €84,835 | €89,264 | +€4,429 | +5.2% |
| Taxes | 450/3 | €84,835 | €89,264 | +€4,429 | +5.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €7,050 | +€7,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68 | €203 | +€135 | +198% |
| Other operating charges | 640/8 | €3,699 | €8,879 | +€5,180 | +140% |
| Gross operating margin | 9900 | €65,059 | €114,871 | +€49,813 | +76.6% |
| Operating profit (loss) | 9901 | €61,292 | €105,790 | +€44,498 | +72.6% |
| Financial income | 75/76B | €2,843 | €3,121 | +€278 | +9.8% |
| Recurring financial income | 75 | €2,843 | €3,121 | +€278 | +9.8% |
| Financial charges | 65/66B | €5,607 | €9,673 | +€4,066 | +72.5% |
| Recurring financial charges | 65 | €5,607 | €9,673 | +€4,066 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €58,528 | €99,238 | +€40,710 | +69.6% |
| Income taxes | 67/77 | €13,042 | €22,728 | +€9,686 | +74.3% |
| Profit (loss) for the period | 9904 | €45,485 | €76,510 | +€31,024 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,485 | €76,510 | +€31,024 | +68.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.