EURO-QUALITY SYSTEM: 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.
EURO-QUALITY SYSTEM
Largest movements
- Receivables within one year +€11,045
up €11,045 (+2.2%), from €508,601 to €519,646
of which Other amounts receivable: +€7,057
- Reserves +€8,864
up €8,864 (+23.5%), from €37,747 to €46,611
of which Distributable reserves: +€8,864
- Trade debts +€8,639
up €8,639 (+53.0%), from €16,306 to €24,946
- Tax, wage and social debts -€8,587
down €8,587 (-40.4%), from €21,242 to €12,655
- Taxes -€471
down €471 (-9.3%), from €5,047 to €4,576
- Financial income -€189
no longer reported in 2024 (was €189)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,955 | €644,821 | +€7,865 | +1.2% |
| Fixed assets | 21/28 | €155 | €155 | = | 0.0% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €636,800 | €644,665 | +€7,865 | +1.2% |
| Stocks and contracts in progress | 3 | €26,038 | €24,572 | -€1,465 | -5.6% |
| Stocks | 30/36 | €26,038 | €24,572 | -€1,465 | -5.6% |
| Amounts receivable within one year | 40/41 | €508,601 | €519,646 | +€11,045 | +2.2% |
| Trade receivables | 40 | €17,487 | €21,475 | +€3,988 | +22.8% |
| Other amounts receivable | 41 | €491,114 | €498,171 | +€7,057 | +1.4% |
| Current investments | 50/53 | €61,000 | €61,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,362 | €39,447 | -€915 | -2.3% |
| Deferred charges and accrued income | 490/1 | €800 | - | -€800 | |
| Total equity and liabilities | 10/49 | €636,955 | €644,821 | +€7,865 | +1.2% |
| Equity | 10/15 | €595,091 | €603,955 | +€8,864 | +1.5% |
| Contributions | 10/11 | €31,036 | €31,036 | = | 0.0% |
| Capital | 10 | €31,036 | €31,036 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Uncalled capital | 101 | €30,937 | €30,937 | = | 0.0% |
| Reserves | 13 | €37,747 | €46,611 | +€8,864 | +23.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €31,550 | €40,414 | +€8,864 | +28.1% |
| Profit (loss) carried forward | 14 | €526,308 | €526,308 | = | 0.0% |
| Amounts payable | 17/49 | €41,864 | €40,866 | -€998 | -2.4% |
| Amounts payable within one year | 42/48 | €37,549 | €37,600 | +€52 | +0.1% |
| Trade debts | 44 | €16,306 | €24,946 | +€8,639 | +53.0% |
| Suppliers | 440/4 | €16,306 | €24,946 | +€8,639 | +53.0% |
| Taxes, remuneration and social security | 45 | €21,242 | €12,655 | -€8,587 | -40.4% |
| Taxes | 450/3 | €21,242 | €12,655 | -€8,587 | -40.4% |
| Accrued charges and deferred income | 492/3 | €4,315 | €3,265 | -€1,050 | -24.3% |
| Other operating charges | 640/8 | €417 | €443 | +€26 | +6.2% |
| Gross operating margin | 9900 | €14,097 | €14,139 | +€42 | +0.3% |
| Operating profit (loss) | 9901 | €13,680 | €13,696 | +€16 | +0.1% |
| Financial income | 75/76B | €189 | - | -€189 | |
| Recurring financial income | 75 | €189 | - | -€189 | |
| Financial charges | 65/66B | €351 | €256 | -€94 | -26.9% |
| Recurring financial charges | 65 | €351 | €256 | -€94 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €13,518 | €13,440 | -€79 | -0.6% |
| Income taxes | 67/77 | €5,047 | €4,576 | -€471 | -9.3% |
| Profit (loss) for the period | 9904 | €8,471 | €8,864 | +€393 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,471 | €8,864 | +€393 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.