AAA QUALITY WASH: 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.
AAA QUALITY WASH
Largest movements
- Tangible fixed assets -€42,408
down €42,408 (-5.3%), from €797,273 to €754,865
of which Plant, machinery and equipment: -€75,820
- Intangible fixed assets -€19,230
down €19,230 (-69.7%), from €27,585 to €8,355
- Stocks and contracts -€15,671
down €15,671 (-88.5%), from €17,708 to €2,036
- Cash +€13,396
up €13,396 (+22.4%), from €59,762 to €73,158
mainly Depreciation (+€135,386) and Other debts (+€75,261)
- Debts after one year -€116,994
down €116,994 (-37.7%), from €310,447 to €193,453
- Other debts +€75,261
up €75,261 (+53.3%), from €141,094 to €216,355
- Investment grants -€30,045
down €30,045 (-12.8%), from €234,869 to €204,824
- Profit (loss) carried forward +€18,251
up €18,251 (+17.0%), from €107,063 to €125,314
- Gross operating margin -€69,236
down €69,236 (-32.0%), from €216,572 to €147,336
- Financial charges -€23,022
down €23,022 (-75.8%), from €30,362 to €7,339
of which Financial charges: -€12,022
- Financial income -€12,947
down €12,947 (-30.0%), from €43,125 to €30,178
- Taxes -€12,774
down €12,774 (-62.2%), from €20,536 to €7,763
- Depreciation -€2,520
down €2,520 (-1.8%), from €137,905 to €135,386
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 | €990,025 | €926,559 | -€63,466 | -6.4% |
| Fixed assets | 21/28 | €829,577 | €772,920 | -€56,657 | -6.8% |
| Intangible fixed assets | 21 | €27,585 | €8,355 | -€19,230 | -69.7% |
| Tangible fixed assets | 22/27 | €797,273 | €754,865 | -€42,408 | -5.3% |
| Land and buildings | 22 | €268,057 | €254,443 | -€13,614 | -5.1% |
| Plant, machinery and equipment | 23 | €436,404 | €360,585 | -€75,820 | -17.4% |
| Furniture and vehicles | 24 | €5,198 | €3,672 | -€1,527 | -29.4% |
| Other tangible fixed assets | 26 | €87,613 | €136,166 | +€48,553 | +55.4% |
| Financial fixed assets | 28 | €4,720 | €9,700 | +€4,980 | +106% |
| Current assets | 29/58 | €160,447 | €153,639 | -€6,809 | -4.2% |
| Stocks and contracts in progress | 3 | €17,708 | €2,036 | -€15,671 | -88.5% |
| Stocks | 30/36 | €17,708 | €2,036 | -€15,671 | -88.5% |
| Amounts receivable within one year | 40/41 | €78,534 | €73,522 | -€5,012 | -6.4% |
| Trade receivables | 40 | €32,521 | €18,079 | -€14,442 | -44.4% |
| Other amounts receivable | 41 | €46,013 | €55,443 | +€9,430 | +20.5% |
| Cash at bank and in hand | 54/58 | €59,762 | €73,158 | +€13,396 | +22.4% |
| Deferred charges and accrued income | 490/1 | €4,445 | €4,923 | +€478 | +10.8% |
| Total equity and liabilities | 10/49 | €990,025 | €926,559 | -€63,466 | -6.4% |
| Equity | 10/15 | €367,195 | €355,400 | -€11,794 | -3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €12,863 | €12,863 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,003 | €11,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,063 | €125,314 | +€18,251 | +17.0% |
| Investment grants | 15 | €234,869 | €204,824 | -€30,045 | -12.8% |
| Amounts payable | 17/49 | €622,830 | €571,159 | -€51,671 | -8.3% |
| Amounts payable after more than one year | 17 | €310,447 | €193,453 | -€116,994 | -37.7% |
| Financial debts | 170/4 | €310,447 | €193,453 | -€116,994 | -37.7% |
| Amounts payable within one year | 42/48 | €312,383 | €377,706 | +€65,323 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €118,528 | €109,440 | -€9,089 | -7.7% |
| Trade debts | 44 | €37,187 | €32,401 | -€4,786 | -12.9% |
| Suppliers | 440/4 | €37,187 | €32,401 | -€4,786 | -12.9% |
| Taxes, remuneration and social security | 45 | €15,573 | €19,510 | +€3,936 | +25.3% |
| Taxes | 450/3 | €15,573 | €19,510 | +€3,936 | +25.3% |
| Other amounts payable | 47/48 | €141,094 | €216,355 | +€75,261 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,905 | €135,386 | -€2,520 | -1.8% |
| Other operating charges | 640/8 | €9,006 | €8,775 | -€231 | -2.6% |
| Gross operating margin | 9900 | €216,572 | €147,336 | -€69,236 | -32.0% |
| Operating profit (loss) | 9901 | €69,660 | €3,175 | -€66,485 | -95.4% |
| Financial income | 75/76B | €43,125 | €30,178 | -€12,947 | -30.0% |
| Recurring financial income | 75 | €43,125 | €30,178 | -€12,947 | -30.0% |
| Financial charges | 65/66B | €30,362 | €7,339 | -€23,022 | -75.8% |
| Recurring financial charges | 65 | €19,362 | €7,339 | -€12,022 | -62.1% |
| Non-recurring financial charges | 66B | €11,000 | - | -€11,000 | |
| Profit (loss) for the period before taxes | 9903 | €82,423 | €26,014 | -€56,410 | -68.4% |
| Income taxes | 67/77 | €20,536 | €7,763 | -€12,774 | -62.2% |
| Profit (loss) for the period | 9904 | €61,887 | €18,251 | -€43,636 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,887 | €18,251 | -€43,636 | -70.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.