QUALTITUDE: 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.
QUALTITUDE
Largest movements
- Receivables within one year +€31,920
up €31,920 (+35.7%), from €89,464 to €121,384
of which Other amounts receivable: +€35,368
- Cash -€14,073
down €14,073 (-27.4%), from €51,391 to €37,318
mainly Other debts (-€34,300) and Receivables within one year (-€31,920)
- Deferred charges and accrued income +€1,845
up €1,845 (+25205.2%), from €7 to €1,852
- Profit (loss) carried forward +€57,540
up €57,540 (+130.2%), from €44,205 to €101,745
- Other debts -€34,300
no longer reported in 2025 (was €34,300)
- Tax, wage and social debts -€11,000
down €11,000 (-24.1%), from €45,717 to €34,716
- Trade debts +€9,880
up €9,880 (+817.8%), from €1,208 to €11,089
- Current portion of long-term debt -€3,950
down €3,950 (-71.5%), from €5,525 to €1,574
- Taxes -€9,781
down €9,781 (-38.1%), from €25,689 to €15,908
- Gross operating margin -€3,697
down €3,697 (-5.0%), from €73,979 to €70,282
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 | €144,214 | €162,384 | +€18,170 | +12.6% |
| Fixed assets | 21/28 | €3,351 | €1,830 | -€1,522 | -45.4% |
| Tangible fixed assets | 22/27 | €3,351 | €1,830 | -€1,522 | -45.4% |
| Furniture and vehicles | 24 | €3,351 | €1,830 | -€1,522 | -45.4% |
| Current assets | 29/58 | €140,863 | €160,555 | +€19,692 | +14.0% |
| Amounts receivable within one year | 40/41 | €89,464 | €121,384 | +€31,920 | +35.7% |
| Trade receivables | 40 | €13,613 | €10,164 | -€3,449 | -25.3% |
| Other amounts receivable | 41 | €75,852 | €111,220 | +€35,368 | +46.6% |
| Cash at bank and in hand | 54/58 | €51,391 | €37,318 | -€14,073 | -27.4% |
| Deferred charges and accrued income | 490/1 | €7 | €1,852 | +€1,845 | +25205.2% |
| Total equity and liabilities | 10/49 | €144,214 | €162,384 | +€18,170 | +12.6% |
| Equity | 10/15 | €57,465 | €115,005 | +€57,540 | +100.1% |
| Contributions | 10/11 | €11,400 | €11,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,205 | €101,745 | +€57,540 | +130.2% |
| Amounts payable | 17/49 | €86,750 | €47,379 | -€39,370 | -45.4% |
| Amounts payable within one year | 42/48 | €86,750 | €47,379 | -€39,370 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €5,525 | €1,574 | -€3,950 | -71.5% |
| Trade debts | 44 | €1,208 | €11,089 | +€9,880 | +817.8% |
| Suppliers | 440/4 | €1,208 | €11,089 | +€9,880 | +817.8% |
| Taxes, remuneration and social security | 45 | €45,717 | €34,716 | -€11,000 | -24.1% |
| Taxes | 450/3 | €45,717 | €34,716 | -€11,000 | -24.1% |
| Other amounts payable | 47/48 | €34,300 | - | -€34,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €1,522 | +€219 | +16.8% |
| Other operating charges | 640/8 | €189 | €801 | +€612 | +323.3% |
| Non-recurring operating charges | 66A | €1,725 | - | -€1,725 | |
| Gross operating margin | 9900 | €73,979 | €70,282 | -€3,697 | -5.0% |
| Operating profit (loss) | 9901 | €70,763 | €67,960 | -€2,803 | -4.0% |
| Financial income | 75/76B | €5,276 | €5,808 | +€532 | +10.1% |
| Recurring financial income | 75 | €5,276 | €5,808 | +€532 | +10.1% |
| Financial charges | 65/66B | €372 | €320 | -€52 | -14.0% |
| Recurring financial charges | 65 | €372 | €320 | -€52 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €75,667 | €73,448 | -€2,219 | -2.9% |
| Income taxes | 67/77 | €25,689 | €15,908 | -€9,781 | -38.1% |
| Profit (loss) for the period | 9904 | €49,978 | €57,540 | +€7,562 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,978 | €57,540 | +€7,562 | +15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.