PROJECT & QUALITY SERVICES: what changed
Two fiscal 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.
PROJECT & QUALITY SERVICES
Largest movements
- Cash +€8,616
up €8,616 (+46.5%), from €18,511 to €27,127
mainly Net result for the year (+€25,310) and Depreciation (+€10,482)
- Receivables within one year -€8,162
down €8,162 (-12.1%), from €67,547 to €59,385
of which Trade receivables: -€20,991
- Tangible fixed assets -€6,312
down €6,312 (-12.6%), from €50,245 to €43,932
of which Furniture and vehicles: -€4,741
- Trade debts -€4,555
down €4,555 (-79.8%), from €5,710 to €1,155
- Reserves +€2,880
up €2,880 (+3.9%), from €73,852 to €76,731
of which Distributable reserves: +€2,880
- Advances received -€2,347
no longer reported in 2024 (was €2,347)
- Accrued charges and deferred income -€1,464
no longer reported in 2024 (was €1,464)
- Other operating charges -€11,125
down €11,125 (-66.5%), from €16,742 to €5,617
- Gross operating margin +€10,272
up €10,272 (+22.9%), from €44,911 to €55,183
- Taxes -€1,298
down €1,298 (-11.9%), from €10,895 to €9,597
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.
Cash bridge derived
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 | €136,363 | €130,505 | -€5,858 | -4.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €50,305 | €43,993 | -€6,312 | -12.5% |
| Tangible fixed assets | 22/27 | €50,245 | €43,932 | -€6,312 | -12.6% |
| Land and buildings | 22 | €27,309 | €25,507 | -€1,802 | -6.6% |
| Plant, machinery and equipment | 23 | €241 | €471 | +€230 | +95.5% |
| Furniture and vehicles | 24 | €22,695 | €17,954 | -€4,741 | -20.9% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €86,058 | €86,513 | +€454 | +0.5% |
| Amounts receivable within one year | 40/41 | €67,547 | €59,385 | -€8,162 | -12.1% |
| Trade receivables | 40 | €47,547 | €26,556 | -€20,991 | -44.1% |
| Other amounts receivable | 41 | €20,000 | €32,829 | +€12,829 | +64.1% |
| Cash at bank and in hand | 54/58 | €18,511 | €27,127 | +€8,616 | +46.5% |
| Total equity and liabilities | 10/49 | €136,363 | €130,505 | -€5,858 | -4.3% |
| Equity | 10/15 | €109,705 | €112,895 | +€3,190 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,852 | €76,731 | +€2,880 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €71 | €71 | = | 0.0% |
| Distributable reserves | 133 | €71,920 | €74,800 | +€2,880 | +4.0% |
| Profit (loss) carried forward | 14 | €29,653 | €29,964 | +€310 | +1.0% |
| Amounts payable | 17/49 | €26,659 | €17,610 | -€9,048 | -33.9% |
| Amounts payable within one year | 42/48 | €25,195 | €17,610 | -€7,585 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €1,316 | €1,154 | -€162 | -12.3% |
| Trade debts | 44 | €5,710 | €1,155 | -€4,555 | -79.8% |
| Suppliers | 440/4 | €5,710 | €1,155 | -€4,555 | -79.8% |
| Advances received on contracts in progress | 46 | €2,347 | - | -€2,347 | |
| Taxes, remuneration and social security | 45 | €15,821 | €15,301 | -€520 | -3.3% |
| Taxes | 450/3 | €15,821 | €15,301 | -€520 | -3.3% |
| Accrued charges and deferred income | 492/3 | €1,464 | - | -€1,464 | |
| Remuneration, social security and pensions | 62 | €510 | €732 | +€221 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,407 | €10,482 | +€75 | +0.7% |
| Other operating charges | 640/8 | €16,742 | €5,617 | -€11,125 | -66.5% |
| Gross operating margin | 9900 | €44,911 | €55,183 | +€10,272 | +22.9% |
| Operating profit (loss) | 9901 | €17,250 | €38,352 | +€21,102 | +122.3% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €3,498 | €3,457 | -€41 | -1.2% |
| Recurring financial charges | 65 | €3,498 | €3,457 | -€41 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €13,752 | €34,907 | +€21,155 | +153.8% |
| Income taxes | 67/77 | €10,895 | €9,597 | -€1,298 | -11.9% |
| Profit (loss) for the period | 9904 | €2,857 | €25,310 | +€22,453 | +785.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,857 | €25,310 | +€22,453 | +785.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.