Qualiz: 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.
Qualiz
Largest movements
- Stocks and contracts +€631,200
up €631,200 (+58.2%), from €1.1m to €1.7m
- Receivables within one year -€164,399
down €164,399 (-74.1%), from €221,885 to €57,486
of which Trade receivables: -€163,941
- Cash +€93,524
up €93,524 (+243%), from €38,499 to €132,023
mainly Other debts (+€434,382) and Receivables within one year (+€164,399)
- Tangible fixed assets +€23,126
up €23,126 (+18.4%), from €125,406 to €148,532
of which Plant, machinery and equipment: +€27,260
- Other debts +€434,382
up €434,382 (+42.2%), from €1.0m to €1.5m
- Reserves +€120,443
up €120,443 (+28.1%), from €429,263 to €549,706
- Trade debts +€22,506
up €22,506 (+313%), from €7,190 to €29,697
- Gross operating margin -€62,942
down €62,942 (-25.9%), from €243,137 to €180,194
- Financial charges -€31,244
down €31,244 (-95.0%), from €32,879 to €1,636
- Taxes -€9,821
down €9,821 (-16.0%), from €61,503 to €51,682
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 | €1,472,061 | €2,069,528 | +€597,467 | +40.6% |
| Fixed assets | 21/28 | €125,406 | €148,532 | +€23,126 | +18.4% |
| Tangible fixed assets | 22/27 | €125,406 | €148,532 | +€23,126 | +18.4% |
| Land and buildings | 22 | €125,406 | €121,272 | -€4,134 | -3.3% |
| Plant, machinery and equipment | 23 | - | €27,260 | +€27,260 | |
| Current assets | 29/58 | €1,346,655 | €1,920,996 | +€574,341 | +42.6% |
| Stocks and contracts in progress | 3 | €1,085,258 | €1,716,458 | +€631,200 | +58.2% |
| Stocks | 30/36 | €1,085,258 | €1,716,458 | +€631,200 | +58.2% |
| Amounts receivable within one year | 40/41 | €221,885 | €57,486 | -€164,399 | -74.1% |
| Trade receivables | 40 | €221,420 | €57,480 | -€163,941 | -74.0% |
| Other amounts receivable | 41 | €464 | €6 | -€458 | -98.7% |
| Cash at bank and in hand | 54/58 | €38,499 | €132,023 | +€93,524 | +243% |
| Deferred charges and accrued income | 490/1 | €1,012 | €15,029 | +€14,017 | +1,385% |
| Total equity and liabilities | 10/49 | €1,472,061 | €2,069,528 | +€597,467 | +40.6% |
| Equity | 10/15 | €407,702 | €528,145 | +€120,443 | +29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €429,263 | €549,706 | +€120,443 | +28.1% |
| Distributable reserves | 133 | €429,263 | €549,706 | +€120,443 | +28.1% |
| Profit (loss) carried forward | 14 | -€27,761 | -€27,761 | = | 0.0% |
| Amounts payable | 17/49 | €1,064,359 | €1,541,383 | +€477,024 | +44.8% |
| Amounts payable within one year | 42/48 | €1,064,359 | €1,541,380 | +€477,021 | +44.8% |
| Financial debts | 43 | €10,147 | €10,101 | -€45 | -0.4% |
| Credit institutions | 430/8 | €10,147 | €10,101 | -€45 | -0.4% |
| Trade debts | 44 | €7,190 | €29,697 | +€22,506 | +313% |
| Suppliers | 440/4 | €7,190 | €29,697 | +€22,506 | +313% |
| Taxes, remuneration and social security | 45 | €16,503 | €36,682 | +€20,179 | +122% |
| Taxes | 450/3 | €16,503 | €36,682 | +€20,179 | +122% |
| Other amounts payable | 47/48 | €1,030,519 | €1,464,900 | +€434,382 | +42.2% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,134 | €4,401 | +€267 | +6.5% |
| Other operating charges | 640/8 | €21 | €2,301 | +€2,280 | +10,857% |
| Gross operating margin | 9900 | €243,137 | €180,194 | -€62,942 | -25.9% |
| Operating profit (loss) | 9901 | €238,981 | €173,492 | -€65,489 | -27.4% |
| Financial income | 75/76B | €368 | €269 | -€99 | -26.8% |
| Recurring financial income | 75 | €368 | €269 | -€99 | -26.8% |
| Financial charges | 65/66B | €32,879 | €1,636 | -€31,244 | -95.0% |
| Recurring financial charges | 65 | €32,879 | €1,636 | -€31,244 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €206,470 | €172,125 | -€34,344 | -16.6% |
| Income taxes | 67/77 | €61,503 | €51,682 | -€9,821 | -16.0% |
| Profit (loss) for the period | 9904 | €144,967 | €120,443 | -€24,523 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €144,967 | €120,443 | -€24,523 | -16.9% |
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 17 October 2026 via checked.be.