QUALIVEX: 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.
QUALIVEX
Largest movements
- Stocks and contracts -€10,035
down €10,035 (-74.1%), from €13,539 to €3,504
- Cash +€3,095
up €3,095 (+6504.9%), from €48 to €3,143
mainly Stocks and contracts (+€10,035) and Tax, wage and social debts (+€1,588)
- Receivables within one year -€1,455
down €1,455 (-98.0%), from €1,485 to €30
- Tangible fixed assets -€914
down €914 (-47.4%), from €1,928 to €1,014
- Profit (loss) carried forward -€10,600
down €10,600 (-833.3%), from -€1,272 to -€11,872
- Tax, wage and social debts +€1,588
up €1,588 (+76.6%), from €2,075 to €3,663
- Short-term financial debts -€297
no longer reported in 2025 (was €297)
- Gross operating margin -€12,034
down €12,034, from €3,064 to -€8,970
- Write-downs -€6,087
down €6,087, from €3,385 to -€2,702
- Financial charges +€3,138
up €3,138 (+1125.9%), from €279 to €3,417
- Other operating charges +€200
new in 2025: €200
- Depreciation +€100
up €100 (+12.3%), from €814 to €914
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,999 | €7,690 | -€9,309 | -54.8% |
| Fixed assets | 21/28 | €1,928 | €1,014 | -€914 | -47.4% |
| Tangible fixed assets | 22/27 | €1,928 | €1,014 | -€914 | -47.4% |
| Plant, machinery and equipment | 23 | €1,928 | €1,014 | -€914 | -47.4% |
| Current assets | 29/58 | €15,071 | €6,676 | -€8,395 | -55.7% |
| Stocks and contracts in progress | 3 | €13,539 | €3,504 | -€10,035 | -74.1% |
| Stocks | 30/36 | €13,539 | €3,504 | -€10,035 | -74.1% |
| Amounts receivable within one year | 40/41 | €1,485 | €30 | -€1,455 | -98.0% |
| Trade receivables | 40 | €1,485 | €30 | -€1,455 | -98.0% |
| Cash at bank and in hand | 54/58 | €48 | €3,143 | +€3,095 | +6504.9% |
| Total equity and liabilities | 10/49 | €16,999 | €7,690 | -€9,309 | -54.8% |
| Equity | 10/15 | €3,728 | -€6,872 | -€10,600 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,272 | -€11,872 | -€10,600 | -833.3% |
| Amounts payable | 17/49 | €13,271 | €14,563 | +€1,291 | +9.7% |
| Amounts payable within one year | 42/48 | €13,271 | €14,563 | +€1,291 | +9.7% |
| Financial debts | 43 | €297 | - | -€297 | |
| Credit institutions | 430/8 | €297 | - | -€297 | |
| Taxes, remuneration and social security | 45 | €2,075 | €3,663 | +€1,588 | +76.6% |
| Taxes | 450/3 | €2,075 | €3,663 | +€1,588 | +76.6% |
| Other amounts payable | 47/48 | €10,900 | €10,900 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €814 | €914 | +€100 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,385 | -€2,702 | -€6,087 | |
| Other operating charges | 640/8 | - | €200 | +€200 | |
| Gross operating margin | 9900 | €3,064 | -€8,970 | -€12,034 | |
| Operating profit (loss) | 9901 | -€1,135 | -€7,381 | -€6,246 | -550.5% |
| Financial income | 75/76B | €141 | €197 | +€56 | +39.6% |
| Recurring financial income | 75 | €141 | €197 | +€56 | +39.6% |
| Financial charges | 65/66B | €279 | €3,417 | +€3,138 | +1125.9% |
| Recurring financial charges | 65 | €279 | €3,417 | +€3,138 | +1125.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,272 | -€10,600 | -€9,328 | -733.3% |
| Profit (loss) for the period | 9904 | -€1,272 | -€10,600 | -€9,328 | -733.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,272 | -€10,600 | -€9,328 | -733.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.