QUALSTRAT: 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.
QUALSTRAT
Largest movements
- Tangible fixed assets +€692,012
up €692,012 (+300%), from €230,458 to €922,470
of which Land and buildings: +€692,470
- Receivables within one year +€95,316
up €95,316 (+59.8%), from €159,431 to €254,747
of which Trade receivables: +€95,316
- Financial fixed assets +€47,025
up €47,025 (+31.4%), from €150,000 to €197,025
- Cash -€26,650
down €26,650 (-19.8%), from €134,755 to €108,105
mainly Investment in fixed assets (net) (-€836,025) and Receivables within one year (-€95,316)
- Trade debts +€526,945
up €526,945 (+189%), from €278,205 to €805,150
- Debts after one year +€183,624
new in 2025: €183,624
- Reserves +€65,916
up €65,916 (+37.6%), from €175,225 to €241,141
- Tax, wage and social debts +€21,404
up €21,404 (+23.8%), from €90,005 to €111,409
of which Taxes: +€20,904
- Depreciation +€59,962
up €59,962 (+162%), from €37,025 to €96,988
- Gross operating margin +€41,217
up €41,217 (+20.5%), from €201,224 to €242,441
- Financial income +€14,856
up €14,856 (+23,514%), from €63 to €14,919
- Financial charges +€4,614
up €4,614 (+1,469%), from €314 to €4,928
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 | €674,644 | €1,484,054 | +€809,410 | +120% |
| Fixed assets | 21/28 | €380,458 | €1,119,495 | +€739,037 | +194% |
| Tangible fixed assets | 22/27 | €230,458 | €922,470 | +€692,012 | +300% |
| Land and buildings | 22 | €230,000 | €922,470 | +€692,470 | +301% |
| Furniture and vehicles | 24 | €458 | €0 | -€458 | -100% |
| Financial fixed assets | 28 | €150,000 | €197,025 | +€47,025 | +31.4% |
| Current assets | 29/58 | €294,186 | €364,559 | +€70,373 | +23.9% |
| Amounts receivable within one year | 40/41 | €159,431 | €254,747 | +€95,316 | +59.8% |
| Trade receivables | 40 | €158,167 | €253,483 | +€95,316 | +60.3% |
| Other amounts receivable | 41 | €1,265 | €1,265 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €134,755 | €108,105 | -€26,650 | -19.8% |
| Deferred charges and accrued income | 490/1 | - | €1,707 | +€1,707 | |
| Total equity and liabilities | 10/49 | €674,644 | €1,484,054 | +€809,410 | +120% |
| Equity | 10/15 | €179,225 | €245,141 | +€65,916 | +36.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €175,225 | €241,141 | +€65,916 | +37.6% |
| Distributable reserves | 133 | €175,225 | €241,141 | +€65,916 | +37.6% |
| Amounts payable | 17/49 | €495,419 | €1,238,913 | +€743,493 | +150% |
| Amounts payable after more than one year | 17 | - | €183,624 | +€183,624 | |
| Financial debts | 170/4 | - | €183,624 | +€183,624 | |
| Amounts payable within one year | 42/48 | €495,419 | €1,055,289 | +€559,869 | +113% |
| Current portion of amounts payable after more than one year | 42 | - | €7,250 | +€7,250 | |
| Trade debts | 44 | €278,205 | €805,150 | +€526,945 | +189% |
| Suppliers | 440/4 | €278,205 | €805,150 | +€526,945 | +189% |
| Taxes, remuneration and social security | 45 | €90,005 | €111,409 | +€21,404 | +23.8% |
| Taxes | 450/3 | €87,505 | €108,409 | +€20,904 | +23.9% |
| Remuneration and social security | 454/9 | €2,500 | €3,000 | +€500 | +20.0% |
| Other amounts payable | 47/48 | €127,209 | €131,479 | +€4,270 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,025 | €96,988 | +€59,962 | +162% |
| Other operating charges | 640/8 | €387 | €1,389 | +€1,001 | +259% |
| Gross operating margin | 9900 | €201,224 | €242,441 | +€41,217 | +20.5% |
| Operating profit (loss) | 9901 | €163,811 | €144,065 | -€19,746 | -12.1% |
| Financial income | 75/76B | €63 | €14,919 | +€14,856 | +23,514% |
| Recurring financial income | 75 | €63 | €14,919 | +€14,856 | +23,514% |
| Financial charges | 65/66B | €314 | €4,928 | +€4,614 | +1,469% |
| Recurring financial charges | 65 | €314 | €4,928 | +€4,614 | +1,469% |
| Profit (loss) for the period before taxes | 9903 | €163,560 | €154,056 | -€9,505 | -5.8% |
| Income taxes | 67/77 | €30,748 | €28,656 | -€2,092 | -6.8% |
| Profit (loss) for the period | 9904 | €132,812 | €125,400 | -€7,413 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,812 | €125,400 | -€7,413 | -5.6% |
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 27 October 2026 via checked.be.