QUALIAS Namur BW: what changed
What changed
QUALIAS Namur BW
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
filed annual accounts (NBB)
Net result for the year
-€328,631
2024 · -€9,820-€318,811
Equity
€219,455
2024 · €548,086-€328,631
Cash
€76,067
2024 · €291,594-€215,527
Balance sheet total
€1.4m
2024 · €1.6m-€236,910
Largest movements
Assets
- Cash -€215,527
down €215,527 (-73.9%), from €291,594 to €76,067
mainly Net result for the year (-€328,631) and Investment in fixed assets (net) (-€90,182)
- Stocks and contracts -€65,610
down €65,610 (-11.5%), from €570,252 to €504,641
- Receivables within one year +€22,524
up €22,524 (+7.9%), from €283,568 to €306,092
of which Trade receivables: +€41,171
Equity and liabilities
- Profit (loss) carried forward -€328,631
down €328,631, from €32,868 to -€295,763
- Current portion of long-term debt +€84,375
up €84,375 (+88.7%), from €95,071 to €179,446
- Accrued charges and deferred income -€51,321
down €51,321 (-96.3%), from €53,297 to €1,977
- Debts after one year +€47,812
up €47,812 (+27.4%), from €174,386 to €222,198
- Tax, wage and social debts +€34,247
up €34,247 (+11.4%), from €300,330 to €334,577
of which Remuneration and social security: +€38,561
Income statement
- Staff costs +€243,784
up €243,784 (+14.0%), from €1.7m to €2.0m
- Gross operating margin -€91,429
down €91,429 (-4.9%), from €1.9m to €1.8m
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.
Result 2024
-€9,820
Gross operating margin
-€91,429
Staff costs
-€243,784
Depreciation
+€3,767
Write-downs
+€17,217
Other operating charges
-€8,303
Other operating items
+€2,317
Financial income
+€4,869
Financial charges
-€9,704
Taxes
+€6,239
Result 2025
-€328,631
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€257,532
Investment
-€90,182
Financing
+€132,187
Cash 2024
€291,594
From operations (derived)
-€257,532
Net result for the year
-€328,631
Depreciation
+€79,213
Stocks and contracts
+€65,610
Receivables within one year
-€22,524
Deferred charges and accrued income
-€10,736
Trade debts
-€22,843
Tax, wage and social debts
+€34,247
Advances received
+€2,595
Other debts
-€3,144
Accrued charges and deferred income
-€51,321
Investment (derived)
-€90,182
Investment in fixed assets (net)
-€90,182
Financing
+€132,187
Debts after one year
+€47,812
Current portion of long-term debt
+€84,375
Cash 2025
€76,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,623,319 | €1,386,410 | -€236,910 | -14.6% |
| Fixed assets | 21/28 | €461,539 | €472,507 | +€10,968 | +2.4% |
| Tangible fixed assets | 22/27 | €435,002 | €447,165 | +€12,164 | +2.8% |
| Land and buildings | 22 | €290,370 | €264,356 | -€26,014 | -9.0% |
| Plant, machinery and equipment | 23 | €114,648 | €122,348 | +€7,700 | +6.7% |
| Furniture and vehicles | 24 | €29,984 | €60,461 | +€30,477 | +102% |
| Financial fixed assets | 28 | €26,538 | €25,342 | -€1,196 | -4.5% |
| Current assets | 29/58 | €1,161,780 | €913,902 | -€247,878 | -21.3% |
| Stocks and contracts in progress | 3 | €570,252 | €504,641 | -€65,610 | -11.5% |
| Stocks | 30/36 | €570,252 | €504,641 | -€65,610 | -11.5% |
| Amounts receivable within one year | 40/41 | €283,568 | €306,092 | +€22,524 | +7.9% |
| Trade receivables | 40 | €259,039 | €300,210 | +€41,171 | +15.9% |
| Other amounts receivable | 41 | €24,528 | €5,881 | -€18,647 | -76.0% |
| Cash at bank and in hand | 54/58 | €291,594 | €76,067 | -€215,527 | -73.9% |
| Deferred charges and accrued income | 490/1 | €16,367 | €27,103 | +€10,736 | +65.6% |
| Total equity and liabilities | 10/49 | €1,623,319 | €1,386,410 | -€236,910 | -14.6% |
| Equity | 10/15 | €548,086 | €219,455 | -€328,631 | -60.0% |
| Contributions | 10/11 | €420,217 | €420,217 | = | 0.0% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,868 | -€295,763 | -€328,631 | |
| Amounts payable | 17/49 | €1,075,234 | €1,166,955 | +€91,721 | +8.5% |
| Amounts payable after more than one year | 17 | €174,386 | €222,198 | +€47,812 | +27.4% |
| Financial debts | 170/4 | €174,386 | €222,198 | +€47,812 | +27.4% |
| Amounts payable within one year | 42/48 | €847,551 | €942,781 | +€95,230 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €95,071 | €179,446 | +€84,375 | +88.7% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €379,317 | €356,474 | -€22,843 | -6.0% |
| Suppliers | 440/4 | €379,317 | €356,474 | -€22,843 | -6.0% |
| Advances received on contracts in progress | 46 | €10,572 | €13,167 | +€2,595 | +24.5% |
| Taxes, remuneration and social security | 45 | €300,330 | €334,577 | +€34,247 | +11.4% |
| Taxes | 450/3 | €84,639 | €80,325 | -€4,314 | -5.1% |
| Remuneration and social security | 454/9 | €215,691 | €254,252 | +€38,561 | +17.9% |
| Other amounts payable | 47/48 | €62,261 | €59,117 | -€3,144 | -5.0% |
| Accrued charges and deferred income | 492/3 | €53,297 | €1,977 | -€51,321 | -96.3% |
| Non-recurring operating income | 76A | - | €19,287 | +€19,287 | |
| Remuneration, social security and pensions | 62 | €1,744,271 | €1,988,054 | +€243,784 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,980 | €79,213 | -€3,767 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,314 | -€23,531 | -€17,217 | -273% |
| Other operating charges | 640/8 | €26,089 | €34,391 | +€8,303 | +31.8% |
| Non-recurring operating charges | 66A | €2,432 | €115 | -€2,317 | -95.3% |
| Gross operating margin | 9900 | €1,851,308 | €1,759,879 | -€91,429 | -4.9% |
| Operating profit (loss) | 9901 | €1,851 | -€318,365 | -€320,215 | |
| Financial income | 75/76B | €16,671 | €21,540 | +€4,869 | +29.2% |
| Recurring financial income | 75 | €16,671 | €21,540 | +€4,869 | +29.2% |
| Financial charges | 65/66B | €19,565 | €29,269 | +€9,704 | +49.6% |
| Recurring financial charges | 65 | €19,565 | €29,269 | +€9,704 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,043 | -€326,094 | -€325,050 | -31,152% |
| Income taxes | 67/77 | €8,776 | €2,537 | -€6,239 | -71.1% |
| Profit (loss) for the period | 9904 | -€9,820 | -€328,631 | -€318,811 | -3,247% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,820 | -€328,631 | -€318,811 | -3,247% |
Next steps
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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 4 November 2026 via checked.be.