E-Quality: 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.
E-Quality
Largest movements
- Tangible fixed assets +€127,431
up €127,431 (+9,440%), from €1,350 to €128,781
of which Land and buildings: +€128,550
- Receivables after one year +€37,000
new in 2025: €37,000
- Cash -€24,573
down €24,573 (-19.9%), from €123,392 to €98,819
mainly Investment in fixed assets (net) (-€147,840) and Receivables after one year (-€37,000)
- Deferred charges and accrued income +€15,247
up €15,247 (+97.9%), from €15,568 to €30,815
- Receivables within one year -€6,833
down €6,833 (-81.4%), from €8,391 to €1,558
of which Other amounts receivable: -€7,500
- Debts after one year +€111,597
new in 2025: €111,597
- Reserves +€20,166
up €20,166 (+14.5%), from €139,189 to €159,355
of which Distributable reserves: +€20,166
- Current portion of long-term debt +€11,793
new in 2025: €11,793
- Depreciation +€17,991
up €17,991 (+744%), from €2,417 to €20,409
- Gross operating margin +€15,698
up €15,698 (+41.9%), from €37,437 to €53,135
- Financial charges +€3,334
up €3,334 (+2,220%), from €150 to €3,484
- Financial income +€706
up €706 (+657%), from €107 to €813
- Taxes -€674
down €674 (-6.9%), from €9,733 to €9,059
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 | €148,702 | €296,974 | +€148,272 | +99.7% |
| Fixed assets | 21/28 | €1,350 | €128,781 | +€127,431 | +9,440% |
| Tangible fixed assets | 22/27 | €1,350 | €128,781 | +€127,431 | +9,440% |
| Land and buildings | 22 | - | €128,550 | +€128,550 | |
| Plant, machinery and equipment | 23 | €372 | €0 | -€372 | -100% |
| Furniture and vehicles | 24 | €978 | €231 | -€747 | -76.4% |
| Current assets | 29/58 | €147,352 | €168,192 | +€20,841 | +14.1% |
| Amounts receivable after more than one year | 29 | - | €37,000 | +€37,000 | |
| Other amounts receivable | 291 | - | €37,000 | +€37,000 | |
| Amounts receivable within one year | 40/41 | €8,391 | €1,558 | -€6,833 | -81.4% |
| Trade receivables | 40 | €592 | €1,259 | +€667 | +113% |
| Other amounts receivable | 41 | €7,799 | €299 | -€7,500 | -96.2% |
| Cash at bank and in hand | 54/58 | €123,392 | €98,819 | -€24,573 | -19.9% |
| Deferred charges and accrued income | 490/1 | €15,568 | €30,815 | +€15,247 | +97.9% |
| Total equity and liabilities | 10/49 | €148,702 | €296,974 | +€148,272 | +99.7% |
| Equity | 10/15 | €142,189 | €162,355 | +€20,166 | +14.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €139,189 | €159,355 | +€20,166 | +14.5% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €138,889 | €159,055 | +€20,166 | +14.5% |
| Amounts payable | 17/49 | €6,513 | €134,619 | +€128,106 | +1,967% |
| Amounts payable after more than one year | 17 | - | €111,597 | +€111,597 | |
| Financial debts | 170/4 | - | €111,597 | +€111,597 | |
| Amounts payable within one year | 42/48 | €6,513 | €23,021 | +€16,508 | +253% |
| Current portion of amounts payable after more than one year | 42 | - | €11,793 | +€11,793 | |
| Trade debts | 44 | €3,318 | €6,040 | +€2,723 | +82.1% |
| Suppliers | 440/4 | €3,318 | €6,040 | +€2,723 | +82.1% |
| Taxes, remuneration and social security | 45 | €2,865 | €4,781 | +€1,916 | +66.9% |
| Taxes | 450/3 | €2,865 | €2,431 | -€434 | -15.1% |
| Remuneration and social security | 454/9 | €0 | €2,350 | +€2,350 | |
| Other amounts payable | 47/48 | €330 | €406 | +€76 | +23.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,417 | €20,409 | +€17,991 | +744% |
| Other operating charges | 640/8 | €451 | €831 | +€380 | +84.1% |
| Gross operating margin | 9900 | €37,437 | €53,135 | +€15,698 | +41.9% |
| Operating profit (loss) | 9901 | €34,569 | €31,896 | -€2,673 | -7.7% |
| Financial income | 75/76B | €107 | €813 | +€706 | +657% |
| Recurring financial income | 75 | €107 | €813 | +€706 | +657% |
| Financial charges | 65/66B | €150 | €3,484 | +€3,334 | +2,220% |
| Recurring financial charges | 65 | €150 | €3,484 | +€3,334 | +2,220% |
| Profit (loss) for the period before taxes | 9903 | €34,526 | €29,225 | -€5,301 | -15.4% |
| Income taxes | 67/77 | €9,733 | €9,059 | -€674 | -6.9% |
| Profit (loss) for the period | 9904 | €24,793 | €20,166 | -€4,627 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,793 | €20,166 | -€4,627 | -18.7% |
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 16 October 2026 via checked.be.