QUALITYN: 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.
QUALITYN
Largest movements
- Cash -€5,905
down €5,905 (-21.1%), from €27,919 to €22,015
mainly Contributions, distributions and other (-€58,740) and Investment in fixed assets (net) (-€3,862)
- Tangible fixed assets +€1,323
up €1,323 (+34.0%), from €3,890 to €5,212
of which Plant, machinery and equipment: +€1,713
- Receivables within one year +€1,315
up €1,315 (+6.4%), from €20,393 to €21,708
of which Trade receivables: +€18,623
- Reserves -€43,492
no longer reported in 2025 (was €43,492)
- Other debts +€39,626
new in 2025: €39,626
- Trade debts +€1,765
up €1,765 (+461%), from €383 to €2,148
- Tax, wage and social debts -€1,087
down €1,087 (-23.9%), from €4,541 to €3,455
- Taxes +€3,456
up €3,456 (+300%), from €1,152 to €4,608
- Gross operating margin +€1,915
up €1,915 (+8.0%), from €23,850 to €25,765
- Financial income -€901
down €901 (-100.0%), from €901 to €0
- Financial charges -€864
down €864 (-22.5%), from €3,834 to €2,970
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 | €53,417 | €50,229 | -€3,188 | -6.0% |
| Fixed assets | 21/28 | €3,890 | €5,212 | +€1,323 | +34.0% |
| Tangible fixed assets | 22/27 | €3,890 | €5,212 | +€1,323 | +34.0% |
| Plant, machinery and equipment | 23 | - | €1,713 | +€1,713 | |
| Furniture and vehicles | 24 | €2,000 | €2,246 | +€246 | +12.3% |
| Other tangible fixed assets | 26 | €1,889 | €1,253 | -€637 | -33.7% |
| Current assets | 29/58 | €49,527 | €45,017 | -€4,511 | -9.1% |
| Amounts receivable within one year | 40/41 | €20,393 | €21,708 | +€1,315 | +6.4% |
| Trade receivables | 40 | €3,085 | €21,708 | +€18,623 | +604% |
| Other amounts receivable | 41 | €17,308 | - | -€17,308 | |
| Cash at bank and in hand | 54/58 | €27,919 | €22,015 | -€5,905 | -21.1% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,294 | +€79 | +6.5% |
| Total equity and liabilities | 10/49 | €53,417 | €50,229 | -€3,188 | -6.0% |
| Equity | 10/15 | €48,492 | €5,000 | -€43,492 | -89.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,492 | - | -€43,492 | |
| Distributable reserves | 133 | €43,492 | - | -€43,492 | |
| Amounts payable | 17/49 | €4,924 | €45,229 | +€40,305 | +818% |
| Amounts payable within one year | 42/48 | €4,924 | €45,229 | +€40,305 | +818% |
| Trade debts | 44 | €383 | €2,148 | +€1,765 | +461% |
| Suppliers | 440/4 | €383 | €2,148 | +€1,765 | +461% |
| Taxes, remuneration and social security | 45 | €4,541 | €3,455 | -€1,087 | -23.9% |
| Taxes | 450/3 | €4,541 | €3,455 | -€1,087 | -23.9% |
| Other amounts payable | 47/48 | - | €39,626 | +€39,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,546 | €2,540 | -€6 | -0.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €23,850 | €25,765 | +€1,915 | +8.0% |
| Operating profit (loss) | 9901 | €20,917 | €22,826 | +€1,909 | +9.1% |
| Financial income | 75/76B | €901 | €0 | -€901 | -100.0% |
| Recurring financial income | 75 | €901 | €0 | -€901 | -100.0% |
| Financial charges | 65/66B | €3,834 | €2,970 | -€864 | -22.5% |
| Recurring financial charges | 65 | €3,834 | €2,970 | -€864 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €17,984 | €19,855 | +€1,871 | +10.4% |
| Income taxes | 67/77 | €1,152 | €4,608 | +€3,456 | +300% |
| Profit (loss) for the period | 9904 | €16,832 | €15,247 | -€1,584 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,832 | €15,247 | -€1,584 | -9.4% |
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 22 October 2026 via checked.be.