BELGIAN QUALITY ASSOCIATION: 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 QUALITY ASSOCIATION
Largest movements
- Current investments +€150,000
up €150,000 (+42.9%), from €350,000 to €500,000
- Receivables within one year +€114,071
up €114,071 (+30.0%), from €380,047 to €494,118
of which Trade receivables: +€114,071
- Cash -€105,103
down €105,103 (-29.3%), from €358,680 to €253,578
mainly Current investments (-€150,000) and Receivables within one year (-€114,071)
- Reserves +€72,858
up €72,858 (+9.6%), from €759,181 to €832,039
of which Distributable reserves: +€72,858
- Trade debts +€55,756
up €55,756 (+32.9%), from €169,562 to €225,318
- Tax, wage and social debts +€29,709
up €29,709 (+28.8%), from €103,088 to €132,797
of which Taxes: +€22,157
- Turnover -€61,844
down €61,844 (-4.9%), from €1.2m to €1.2m
- Purchases and services -€37,412
down €37,412 (-4.9%), from €770,744 to €733,333
- Taxes -€36,150
down €36,150 (-63.2%), from €57,156 to €21,006
- Staff costs +€34,469
up €34,469 (+9.8%), from €351,007 to €385,475
- Gross operating margin -€24,874
down €24,874 (-5.0%), from €499,775 to €474,902
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 | €1,094,333 | €1,252,218 | +€157,885 | +14.4% |
| Fixed assets | 21/28 | €221 | €221 | = | 0.0% |
| Financial fixed assets | 28 | €221 | €221 | = | 0.0% |
| Current assets | 29/58 | €1,094,112 | €1,251,997 | +€157,885 | +14.4% |
| Amounts receivable within one year | 40/41 | €380,047 | €494,118 | +€114,071 | +30.0% |
| Trade receivables | 40 | €379,547 | €493,618 | +€114,071 | +30.1% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Current investments | 50/53 | €350,000 | €500,000 | +€150,000 | +42.9% |
| Cash at bank and in hand | 54/58 | €358,680 | €253,578 | -€105,103 | -29.3% |
| Deferred charges and accrued income | 490/1 | €5,384 | €4,301 | -€1,083 | -20.1% |
| Total equity and liabilities | 10/49 | €1,094,333 | €1,252,218 | +€157,885 | +14.4% |
| Equity | 10/15 | €821,181 | €894,039 | +€72,858 | +8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €759,181 | €832,039 | +€72,858 | +9.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €752,981 | €825,839 | +€72,858 | +9.7% |
| Amounts payable | 17/49 | €273,152 | €358,179 | +€85,027 | +31.1% |
| Amounts payable within one year | 42/48 | €272,651 | €358,116 | +€85,465 | +31.3% |
| Trade debts | 44 | €169,562 | €225,318 | +€55,756 | +32.9% |
| Suppliers | 440/4 | €169,562 | €225,318 | +€55,756 | +32.9% |
| Taxes, remuneration and social security | 45 | €103,088 | €132,797 | +€29,709 | +28.8% |
| Taxes | 450/3 | €33,321 | €55,478 | +€22,157 | +66.5% |
| Remuneration and social security | 454/9 | €69,768 | €77,320 | +€7,552 | +10.8% |
| Accrued charges and deferred income | 492/3 | €501 | €64 | -€438 | -87.3% |
| Turnover | 70 | €1,249,756 | €1,187,912 | -€61,844 | -4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €770,744 | €733,333 | -€37,412 | -4.9% |
| Remuneration, social security and pensions | 62 | €351,007 | €385,475 | +€34,469 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €422 | -€3,685 | -€4,107 | |
| Other operating charges | 640/8 | €5,804 | €7,646 | +€1,842 | +31.7% |
| Gross operating margin | 9900 | €499,775 | €474,902 | -€24,874 | -5.0% |
| Operating profit (loss) | 9901 | €142,543 | €85,466 | -€57,077 | -40.0% |
| Financial income | 75/76B | €7,247 | €8,914 | +€1,667 | +23.0% |
| Recurring financial income | 75 | €7,247 | €8,914 | +€1,667 | +23.0% |
| Financial charges | 65/66B | €261 | €516 | +€255 | +97.5% |
| Recurring financial charges | 65 | €261 | €516 | +€255 | +97.5% |
| Profit (loss) for the period before taxes | 9903 | €149,529 | €93,864 | -€55,665 | -37.2% |
| Income taxes | 67/77 | €57,156 | €21,006 | -€36,150 | -63.2% |
| Profit (loss) for the period | 9904 | €92,372 | €72,858 | -€19,514 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,372 | €72,858 | -€19,514 | -21.1% |
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 24 October 2026 via checked.be.