PREMIUM QUALITY SERVICE: what changed
PREMIUM QUALITY SERVICE
Largest movements
- Receivables within one year -€33,637
down €33,637 (-87.8%), from €38,325 to €4,688
of which Trade receivables: -€30,405
- Cash -€6,022
down €6,022 (-16.0%), from €37,525 to €31,503
mainly Trade debts (-€41,458) and Advances received (-€5,600)
- Stocks and contracts -€4,558
down €4,558 (-91.2%), from €5,000 to €442
- Trade debts -€41,458
down €41,458 (-71.4%), from €58,061 to €16,602
of which Bills of exchange payable: -€27,603
- Advances received -€5,600
no longer reported in 2025 (was €5,600)
- Tax, wage and social debts +€4,170
up €4,170 (+237%), from €1,756 to €5,926
of which Taxes: +€2,520
- Profit (loss) carried forward +€4,168
up €4,168 (+67.8%), from €6,144 to €10,312
- Debts after one year -€3,657
down €3,657 (-22.1%), from €16,536 to €12,879
- Gross operating margin +€7,292
up €7,292 (+80.9%), from €9,017 to €16,309
- Depreciation +€4,546
up €4,546 (+2,538%), from €179 to €4,725
- Other operating charges +€2,375
up €2,375 (+333%), from €713 to €3,088
- Financial charges +€1,401
up €1,401 (+330%), from €425 to €1,826
- Taxes +€763
up €763 (+43.5%), from €1,756 to €2,520
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,580 | €57,568 | -€44,011 | -43.3% |
| Fixed assets | 21/28 | €19,242 | €19,810 | +€568 | +3.0% |
| Tangible fixed assets | 22/27 | €19,242 | €18,810 | -€432 | -2.2% |
| Furniture and vehicles | 24 | €19,242 | €17,799 | -€1,443 | -7.5% |
| Other tangible fixed assets | 26 | - | €1,011 | +€1,011 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €82,337 | €37,758 | -€44,579 | -54.1% |
| Stocks and contracts in progress | 3 | €5,000 | €442 | -€4,558 | -91.2% |
| Stocks | 30/36 | €5,000 | €442 | -€4,558 | -91.2% |
| Amounts receivable within one year | 40/41 | €38,325 | €4,688 | -€33,637 | -87.8% |
| Trade receivables | 40 | €33,739 | €3,334 | -€30,405 | -90.1% |
| Other amounts receivable | 41 | €4,586 | €1,354 | -€3,232 | -70.5% |
| Cash at bank and in hand | 54/58 | €37,525 | €31,503 | -€6,022 | -16.0% |
| Deferred charges and accrued income | 490/1 | €1,488 | €1,125 | -€363 | -24.4% |
| Total equity and liabilities | 10/49 | €101,580 | €57,568 | -€44,011 | -43.3% |
| Equity | 10/15 | €8,144 | €12,312 | +€4,168 | +51.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,144 | €10,312 | +€4,168 | +67.8% |
| Amounts payable | 17/49 | €93,435 | €45,256 | -€48,179 | -51.6% |
| Amounts payable after more than one year | 17 | €16,536 | €12,879 | -€3,657 | -22.1% |
| Financial debts | 170/4 | €16,536 | €12,879 | -€3,657 | -22.1% |
| Amounts payable within one year | 42/48 | €76,900 | €32,377 | -€44,522 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | €3,326 | €3,657 | +€331 | +10.0% |
| Trade debts | 44 | €58,061 | €16,602 | -€41,458 | -71.4% |
| Suppliers | 440/4 | €27,732 | €13,876 | -€13,855 | -50.0% |
| Bills of exchange payable | 441 | €30,329 | €2,726 | -€27,603 | -91.0% |
| Advances received on contracts in progress | 46 | €5,600 | - | -€5,600 | |
| Taxes, remuneration and social security | 45 | €1,756 | €5,926 | +€4,170 | +237% |
| Taxes | 450/3 | €1,756 | €4,276 | +€2,520 | +143% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €8,157 | €6,192 | -€1,964 | -24.1% |
| Non-recurring operating income | 76A | - | €1,278 | +€1,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179 | €4,725 | +€4,546 | +2,538% |
| Other operating charges | 640/8 | €713 | €3,088 | +€2,375 | +333% |
| Gross operating margin | 9900 | €9,017 | €16,309 | +€7,292 | +80.9% |
| Operating profit (loss) | 9901 | €8,125 | €8,496 | +€371 | +4.6% |
| Financial income | 75/76B | €201 | €18 | -€183 | -91.3% |
| Recurring financial income | 75 | €201 | €18 | -€183 | -91.3% |
| Financial charges | 65/66B | €425 | €1,826 | +€1,401 | +330% |
| Recurring financial charges | 65 | €425 | €1,826 | +€1,401 | +330% |
| Profit (loss) for the period before taxes | 9903 | €7,901 | €6,687 | -€1,213 | -15.4% |
| Income taxes | 67/77 | €1,756 | €2,520 | +€763 | +43.5% |
| Profit (loss) for the period | 9904 | €6,144 | €4,168 | -€1,977 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,144 | €4,168 | -€1,977 | -32.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.