QUALITY AIR: 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.
QUALITY AIR
Largest movements
- Receivables after one year -€80,000
down €80,000 (-100%), from €80,000 to €0
- Receivables within one year +€63,185
up €63,185 (+45.6%), from €138,555 to €201,740
of which Other amounts receivable: +€37,114
- Cash -€35,694
down €35,694 (-45.8%), from €77,871 to €42,177
mainly Net result for the year (-€66,169) and Receivables within one year (-€63,185)
- Tangible fixed assets -€34,715
down €34,715 (-52.6%), from €65,949 to €31,234
of which Furniture and vehicles: -€28,891
- Stocks and contracts -€21,999
down €21,999 (-29.9%), from €73,628 to €51,629
- Profit (loss) carried forward -€66,169
down €66,169, from €55,961 to -€10,208
- Other debts -€47,600
down €47,600 (-100%), from €47,600 to €0
- Gross operating margin -€87,578
down €87,578 (-28.8%), from €304,316 to €216,738
- Staff costs +€18,094
up €18,094 (+7.9%), from €230,307 to €248,401
- Taxes -€9,361
down €9,361 (-99.9%), from €9,367 to €6
- Financial charges -€7,817
down €7,817 (-92.8%), from €8,426 to €608
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 | €450,070 | €336,354 | -€113,716 | -25.3% |
| Fixed assets | 21/28 | €66,149 | €31,234 | -€34,915 | -52.8% |
| Tangible fixed assets | 22/27 | €65,949 | €31,234 | -€34,715 | -52.6% |
| Plant, machinery and equipment | 23 | €9,868 | €6,970 | -€2,899 | -29.4% |
| Furniture and vehicles | 24 | €38,616 | €9,725 | -€28,891 | -74.8% |
| Other tangible fixed assets | 26 | €17,465 | €14,539 | -€2,926 | -16.8% |
| Financial fixed assets | 28 | €200 | €0 | -€200 | -100% |
| Current assets | 29/58 | €383,921 | €305,120 | -€78,801 | -20.5% |
| Amounts receivable after more than one year | 29 | €80,000 | €0 | -€80,000 | -100% |
| Other amounts receivable | 291 | €80,000 | €0 | -€80,000 | -100% |
| Stocks and contracts in progress | 3 | €73,628 | €51,629 | -€21,999 | -29.9% |
| Stocks | 30/36 | €73,628 | €51,629 | -€21,999 | -29.9% |
| Amounts receivable within one year | 40/41 | €138,555 | €201,740 | +€63,185 | +45.6% |
| Trade receivables | 40 | €81,555 | €107,627 | +€26,071 | +32.0% |
| Other amounts receivable | 41 | €57,000 | €94,113 | +€37,114 | +65.1% |
| Cash at bank and in hand | 54/58 | €77,871 | €42,177 | -€35,694 | -45.8% |
| Deferred charges and accrued income | 490/1 | €13,868 | €9,575 | -€4,293 | -31.0% |
| Total equity and liabilities | 10/49 | €450,070 | €336,354 | -€113,716 | -25.3% |
| Equity | 10/15 | €336,521 | €270,352 | -€66,169 | -19.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €274,360 | €274,360 | = | 0.0% |
| Distributable reserves | 133 | €274,360 | €274,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,961 | -€10,208 | -€66,169 | |
| Amounts payable | 17/49 | €113,549 | €66,002 | -€47,547 | -41.9% |
| Amounts payable within one year | 42/48 | €108,691 | €61,015 | -€47,675 | -43.9% |
| Trade debts | 44 | €55,357 | €57,977 | +€2,620 | +4.7% |
| Suppliers | 440/4 | €55,357 | €57,977 | +€2,620 | +4.7% |
| Taxes, remuneration and social security | 45 | €5,733 | €3,038 | -€2,695 | -47.0% |
| Taxes | 450/3 | €644 | €1,846 | +€1,202 | +187% |
| Remuneration and social security | 454/9 | €5,090 | €1,192 | -€3,898 | -76.6% |
| Other amounts payable | 47/48 | €47,600 | €0 | -€47,600 | -100% |
| Accrued charges and deferred income | 492/3 | €4,859 | €4,987 | +€128 | +2.6% |
| Remuneration, social security and pensions | 62 | €230,307 | €248,401 | +€18,094 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,408 | €34,715 | -€1,693 | -4.7% |
| Other operating charges | 640/8 | €983 | €1,265 | +€282 | +28.7% |
| Gross operating margin | 9900 | €304,316 | €216,738 | -€87,578 | -28.8% |
| Operating profit (loss) | 9901 | €36,617 | -€67,644 | -€104,261 | |
| Financial income | 75/76B | €1,222 | €2,090 | +€868 | +71.0% |
| Recurring financial income | 75 | €1,222 | €2,090 | +€868 | +71.0% |
| Financial charges | 65/66B | €8,426 | €608 | -€7,817 | -92.8% |
| Recurring financial charges | 65 | €8,426 | €608 | -€7,817 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | €29,414 | -€66,163 | -€95,576 | |
| Income taxes | 67/77 | €9,367 | €6 | -€9,361 | -99.9% |
| Profit (loss) for the period | 9904 | €20,047 | -€66,169 | -€86,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,047 | -€66,169 | -€86,215 |
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 17 October 2026 via checked.be.