QUALIFIED AUDIT PARTNERS: 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.
QUALIFIED AUDIT PARTNERS
Largest movements
- Tangible fixed assets -€15,768
down €15,768 (-7.3%), from €216,389 to €200,621
of which Furniture and vehicles: -€8,563
- Current investments -€11,165
down €11,165 (-6.9%), from €161,531 to €150,367
- Receivables within one year +€9,100
up €9,100 (+23.5%), from €38,767 to €47,867
of which Trade receivables: +€8,049
- Other debts -€14,871
down €14,871 (-33.3%), from €44,642 to €29,771
- Current portion of long-term debt -€7,146
down €7,146 (-88.9%), from €8,034 to €888
- Gross operating margin -€59,598
down €59,598 (-70.2%), from €84,941 to €25,343
- Taxes -€21,064
down €21,064 (-96.9%), from €21,733 to €669
- Depreciation -€4,210
down €4,210 (-32.5%), from €12,950 to €8,740
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 | €421,718 | €402,933 | -€18,785 | -4.5% |
| Fixed assets | 21/28 | €218,187 | €202,419 | -€15,768 | -7.2% |
| Tangible fixed assets | 22/27 | €216,389 | €200,621 | -€15,768 | -7.3% |
| Land and buildings | 22 | €206,549 | €199,345 | -€7,205 | -3.5% |
| Furniture and vehicles | 24 | €9,840 | €1,277 | -€8,563 | -87.0% |
| Financial fixed assets | 28 | €1,797 | €1,797 | = | 0.0% |
| Current assets | 29/58 | €203,531 | €200,515 | -€3,017 | -1.5% |
| Amounts receivable within one year | 40/41 | €38,767 | €47,867 | +€9,100 | +23.5% |
| Trade receivables | 40 | €37,987 | €46,036 | +€8,049 | +21.2% |
| Other amounts receivable | 41 | €781 | €1,831 | +€1,051 | +135% |
| Current investments | 50/53 | €161,531 | €150,367 | -€11,165 | -6.9% |
| Cash at bank and in hand | 54/58 | €2,353 | €1,415 | -€938 | -39.9% |
| Deferred charges and accrued income | 490/1 | €880 | €866 | -€14 | -1.6% |
| Total equity and liabilities | 10/49 | €421,718 | €402,933 | -€18,785 | -4.5% |
| Equity | 10/15 | €356,160 | €357,291 | +€1,132 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,755 | €222,755 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €208,755 | €208,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,805 | €115,937 | +€1,132 | +1.0% |
| Amounts payable | 17/49 | €65,558 | €45,642 | -€19,916 | -30.4% |
| Amounts payable within one year | 42/48 | €65,558 | €45,642 | -€19,916 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €8,034 | €888 | -€7,146 | -88.9% |
| Trade debts | 44 | €2,207 | €3,798 | +€1,591 | +72.1% |
| Suppliers | 440/4 | €2,207 | €3,798 | +€1,591 | +72.1% |
| Taxes, remuneration and social security | 45 | €10,676 | €11,185 | +€509 | +4.8% |
| Taxes | 450/3 | €10,676 | €11,185 | +€509 | +4.8% |
| Other amounts payable | 47/48 | €44,642 | €29,771 | -€14,871 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,950 | €8,740 | -€4,210 | -32.5% |
| Other operating charges | 640/8 | €2,288 | €2,238 | -€51 | -2.2% |
| Non-recurring operating charges | 66A | - | €9,428 | +€9,428 | |
| Gross operating margin | 9900 | €84,941 | €25,343 | -€59,598 | -70.2% |
| Operating profit (loss) | 9901 | €69,702 | €4,937 | -€64,765 | -92.9% |
| Financial charges | 65/66B | €3,257 | €3,137 | -€120 | -3.7% |
| Recurring financial charges | 65 | €3,257 | €3,137 | -€120 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €66,445 | €1,800 | -€64,645 | -97.3% |
| Income taxes | 67/77 | €21,733 | €669 | -€21,064 | -96.9% |
| Profit (loss) for the period | 9904 | €44,713 | €1,132 | -€43,581 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,713 | €1,132 | -€43,581 | -97.5% |
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 19 October 2026 via checked.be.