BELGIAN CENTRE FOR QUALITY MANAGEMENT: 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.
BELGIAN CENTRE FOR QUALITY MANAGEMENT
Largest movements
- Receivables within one year +€74,630
up €74,630 (+229%), from €32,523 to €107,153
of which Trade receivables: +€61,880
- Cash +€32,173
up €32,173 (+300%), from €10,718 to €42,891
mainly Trade debts (+€110,098) and Net result for the year (+€5,376)
- Tangible fixed assets +€5,117
up €5,117 (+39.8%), from €12,862 to €17,978
of which Furniture and vehicles: +€3,213
- Trade debts +€110,098
up €110,098 (+639%), from €17,229 to €127,327
- Reserves +€5,376
up €5,376 (+30.9%), from €17,417 to €22,793
of which Distributable reserves: +€5,376
- Tax, wage and social debts -€3,423
down €3,423 (-69.7%), from €4,914 to €1,490
- Gross operating margin +€3,275
up €3,275 (+27.3%), from €12,007 to €15,283
- Taxes +€2,081
up €2,081 (+69.3%), from €3,003 to €5,084
- Other operating charges -€1,540
down €1,540 (-58.8%), from €2,620 to €1,080
- Financial charges +€578
up €578 (+267%), from €216 to €795
- Depreciation -€433
down €433 (-10.0%), from €4,312 to €3,880
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 | €56,518 | €168,438 | +€111,919 | +198% |
| Fixed assets | 21/28 | €13,262 | €18,378 | +€5,117 | +38.6% |
| Tangible fixed assets | 22/27 | €12,862 | €17,978 | +€5,117 | +39.8% |
| Land and buildings | 22 | €12,862 | €14,765 | +€1,904 | +14.8% |
| Furniture and vehicles | 24 | - | €3,213 | +€3,213 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €43,257 | €150,060 | +€106,803 | +247% |
| Amounts receivable within one year | 40/41 | €32,523 | €107,153 | +€74,630 | +229% |
| Trade receivables | 40 | €3,990 | €65,870 | +€61,880 | +1,551% |
| Other amounts receivable | 41 | €28,533 | €41,283 | +€12,750 | +44.7% |
| Current investments | 50/53 | €16 | €16 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,718 | €42,891 | +€32,173 | +300% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €56,518 | €168,438 | +€111,919 | +198% |
| Equity | 10/15 | €33,835 | €39,211 | +€5,376 | +15.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €17,417 | €22,793 | +€5,376 | +30.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €15,558 | €20,934 | +€5,376 | +34.6% |
| Profit (loss) carried forward | 14 | -€2,174 | -€2,174 | = | 0.0% |
| Amounts payable | 17/49 | €22,683 | €129,227 | +€106,543 | +470% |
| Amounts payable within one year | 42/48 | €22,683 | €129,227 | +€106,543 | +470% |
| Financial debts | 43 | €541 | €0 | -€541 | -100% |
| Credit institutions | 430/8 | €541 | €0 | -€541 | -100% |
| Trade debts | 44 | €17,229 | €127,327 | +€110,098 | +639% |
| Suppliers | 440/4 | €17,229 | €127,327 | +€110,098 | +639% |
| Taxes, remuneration and social security | 45 | €4,914 | €1,490 | -€3,423 | -69.7% |
| Taxes | 450/3 | €4,914 | €1,490 | -€3,423 | -69.7% |
| Other amounts payable | 47/48 | - | €409 | +€409 | |
| Remuneration, social security and pensions | 62 | €0 | €258 | +€258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,312 | €3,880 | -€433 | -10.0% |
| Other operating charges | 640/8 | €2,620 | €1,080 | -€1,540 | -58.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,007 | €15,283 | +€3,275 | +27.3% |
| Operating profit (loss) | 9901 | €5,075 | €10,065 | +€4,989 | +98.3% |
| Financial income | 75/76B | €809 | €1,190 | +€382 | +47.2% |
| Recurring financial income | 75 | €809 | €1,190 | +€382 | +47.2% |
| Financial charges | 65/66B | €216 | €795 | +€578 | +267% |
| Recurring financial charges | 65 | €216 | €795 | +€578 | +267% |
| Profit (loss) for the period before taxes | 9903 | €5,668 | €10,460 | +€4,793 | +84.6% |
| Income taxes | 67/77 | €3,003 | €5,084 | +€2,081 | +69.3% |
| Profit (loss) for the period | 9904 | €2,665 | €5,376 | +€2,711 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €2,665 | €5,376 | +€2,711 | +102% |
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 21 October 2026 via checked.be.