BVBA QUALITY ENGINEERING: 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.
BVBA QUALITY ENGINEERING
Largest movements
- Stocks and contracts +€50,150
up €50,150 (+37.4%), from €133,985 to €184,135
- Cash -€28,316
down €28,316 (-55.4%), from €51,109 to €22,792
mainly Stocks and contracts (-€50,150) and Debts after one year (-€33,161)
- Tangible fixed assets -€27,440
down €27,440 (-6.5%), from €423,831 to €396,390
of which Land and buildings: -€16,690
- Debts after one year -€33,161
down €33,161 (-14.7%), from €225,279 to €192,118
- Other debts +€29,000
up €29,000 (+44.4%), from €65,296 to €94,296
- Reserves +€12,700
up €12,700 (+7.8%), from €162,680 to €175,380
of which Distributable reserves: +€12,700
- Tax, wage and social debts -€8,479
down €8,479 (-63.7%), from €13,302 to €4,822
- Trade debts +€6,944
up €6,944 (+399%), from €1,739 to €8,683
- Gross operating margin -€15,160
down €15,160 (-15.6%), from €97,293 to €82,133
- Taxes -€3,470
down €3,470 (-35.1%), from €9,885 to €6,415
- Other operating charges -€2,109
down €2,109 (-34.8%), from €6,055 to €3,946
- Depreciation +€1,485
up €1,485 (+3.7%), from €40,464 to €41,950
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 | €614,446 | €614,695 | +€248 | 0.0% |
| Fixed assets | 21/28 | €423,831 | €396,390 | -€27,440 | -6.5% |
| Tangible fixed assets | 22/27 | €423,831 | €396,390 | -€27,440 | -6.5% |
| Land and buildings | 22 | €360,707 | €344,017 | -€16,690 | -4.6% |
| Plant, machinery and equipment | 23 | €55,546 | €46,906 | -€8,640 | -15.6% |
| Furniture and vehicles | 24 | €7,578 | €5,467 | -€2,111 | -27.9% |
| Current assets | 29/58 | €190,616 | €218,304 | +€27,689 | +14.5% |
| Stocks and contracts in progress | 3 | €133,985 | €184,135 | +€50,150 | +37.4% |
| Stocks | 30/36 | €133,985 | €184,135 | +€50,150 | +37.4% |
| Amounts receivable within one year | 40/41 | €5,522 | €11,377 | +€5,855 | +106% |
| Trade receivables | 40 | €1,476 | €7,331 | +€5,855 | +397% |
| Other amounts receivable | 41 | €4,046 | €4,046 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,109 | €22,792 | -€28,316 | -55.4% |
| Total equity and liabilities | 10/49 | €614,446 | €614,695 | +€248 | 0.0% |
| Equity | 10/15 | €168,877 | €181,614 | +€12,736 | +7.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €162,680 | €175,380 | +€12,700 | +7.8% |
| 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 | €160,821 | €173,521 | +€12,700 | +7.9% |
| Profit (loss) carried forward | 14 | - | €36 | +€36 | |
| Amounts payable | 17/49 | €445,569 | €433,081 | -€12,488 | -2.8% |
| Amounts payable after more than one year | 17 | €225,279 | €192,118 | -€33,161 | -14.7% |
| Financial debts | 170/4 | €225,279 | €192,118 | -€33,161 | -14.7% |
| Amounts payable within one year | 42/48 | €220,290 | €240,963 | +€20,673 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €139,953 | €133,161 | -€6,791 | -4.9% |
| Trade debts | 44 | €1,739 | €8,683 | +€6,944 | +399% |
| Suppliers | 440/4 | €1,739 | €8,683 | +€6,944 | +399% |
| Taxes, remuneration and social security | 45 | €13,302 | €4,822 | -€8,479 | -63.7% |
| Taxes | 450/3 | €13,302 | €4,822 | -€8,479 | -63.7% |
| Other amounts payable | 47/48 | €65,296 | €94,296 | +€29,000 | +44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,464 | €41,950 | +€1,485 | +3.7% |
| Other operating charges | 640/8 | €6,055 | €3,946 | -€2,109 | -34.8% |
| Gross operating margin | 9900 | €97,293 | €82,133 | -€15,160 | -15.6% |
| Operating profit (loss) | 9901 | €50,774 | €36,237 | -€14,537 | -28.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.5% |
| Financial charges | 65/66B | €16,189 | €17,086 | +€896 | +5.5% |
| Recurring financial charges | 65 | €16,189 | €17,086 | +€896 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €34,585 | €19,151 | -€15,434 | -44.6% |
| Income taxes | 67/77 | €9,885 | €6,415 | -€3,470 | -35.1% |
| Profit (loss) for the period | 9904 | €24,700 | €12,736 | -€11,963 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,700 | €12,736 | -€11,963 | -48.4% |
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 15 October 2026 via checked.be.