KWALITY CONCEPT: 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.
KWALITY CONCEPT
Largest movements
- Tangible fixed assets +€4,559
up €4,559 (+118.7%), from €3,841 to €8,401
of which Other tangible fixed assets: +€5,833
- Receivables within one year -€3,878
down €3,878 (-4.1%), from €95,480 to €91,602
of which Other amounts receivable: -€4,015
- Deferred charges and accrued income -€2,000
down €2,000 (-21.8%), from €9,167 to €7,167
- Trade debts -€12,889
down €12,889 (-14.6%), from €88,134 to €75,245
- Other debts +€12,305
up €12,305 (+42.5%), from €28,963 to €41,268
- Profit (loss) carried forward -€11,769
down €11,769 (-47.0%), from €25,020 to €13,251
- Tax, wage and social debts +€6,507
up €6,507 (+58.0%), from €11,212 to €17,719
- Advances received +€5,525
new in 2025: €5,525
- Gross operating margin +€25,790
up €25,790 (+145.6%), from €17,716 to €43,506
- Taxes +€7,383
up €7,383 (+173.3%), from €4,262 to €11,645
- Other operating charges -€743
down €743 (-38.1%), from €1,950 to €1,206
- Financial charges -€701
down €701 (-85.8%), from €817 to €116
- Staff costs -€697
no longer reported in 2025 (was €697)
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.
Cash bridge derived
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 | €173,329 | €173,008 | -€321 | -0.2% |
| Fixed assets | 21/28 | €3,841 | €8,401 | +€4,559 | +118.7% |
| Tangible fixed assets | 22/27 | €3,841 | €8,401 | +€4,559 | +118.7% |
| Plant, machinery and equipment | 23 | €2,356 | €924 | -€1,432 | -60.8% |
| Furniture and vehicles | 24 | €1,485 | €1,644 | +€159 | +10.7% |
| Other tangible fixed assets | 26 | - | €5,833 | +€5,833 | |
| Current assets | 29/58 | €169,488 | €164,607 | -€4,880 | -2.9% |
| Amounts receivable within one year | 40/41 | €95,480 | €91,602 | -€3,878 | -4.1% |
| Trade receivables | 40 | €91,465 | €91,602 | +€137 | +0.1% |
| Other amounts receivable | 41 | €4,015 | - | -€4,015 | |
| Cash at bank and in hand | 54/58 | €64,841 | €65,839 | +€998 | +1.5% |
| Deferred charges and accrued income | 490/1 | €9,167 | €7,167 | -€2,000 | -21.8% |
| Total equity and liabilities | 10/49 | €173,329 | €173,008 | -€321 | -0.2% |
| Equity | 10/15 | €45,020 | €33,251 | -€11,769 | -26.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €20,000 | +€20,000 | |
| Share premium | 1100/10 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €25,020 | €13,251 | -€11,769 | -47.0% |
| Amounts payable | 17/49 | €128,309 | €139,757 | +€11,448 | +8.9% |
| Amounts payable within one year | 42/48 | €128,309 | €139,757 | +€11,448 | +8.9% |
| Trade debts | 44 | €88,134 | €75,245 | -€12,889 | -14.6% |
| Suppliers | 440/4 | €88,134 | €75,245 | -€12,889 | -14.6% |
| Advances received on contracts in progress | 46 | - | €5,525 | +€5,525 | |
| Taxes, remuneration and social security | 45 | €11,212 | €17,719 | +€6,507 | +58.0% |
| Taxes | 450/3 | €11,212 | €17,719 | +€6,507 | +58.0% |
| Other amounts payable | 47/48 | €28,963 | €41,268 | +€12,305 | +42.5% |
| Remuneration, social security and pensions | 62 | €697 | - | -€697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,739 | €2,335 | +€596 | +34.2% |
| Other operating charges | 640/8 | €1,950 | €1,206 | -€743 | -38.1% |
| Gross operating margin | 9900 | €17,716 | €43,506 | +€25,790 | +145.6% |
| Operating profit (loss) | 9901 | €13,330 | €39,965 | +€26,635 | +199.8% |
| Financial income | 75/76B | €376 | €27 | -€349 | -92.7% |
| Recurring financial income | 75 | €376 | €27 | -€349 | -92.7% |
| Financial charges | 65/66B | €817 | €116 | -€701 | -85.8% |
| Recurring financial charges | 65 | €817 | €116 | -€701 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | €12,889 | €39,876 | +€26,987 | +209.4% |
| Income taxes | 67/77 | €4,262 | €11,645 | +€7,383 | +173.3% |
| Profit (loss) for the period | 9904 | €8,627 | €28,231 | +€19,604 | +227.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,627 | €28,231 | +€19,604 | +227.2% |
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 11 October 2026 via checked.be.