QUALITY AND MORE: 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 AND MORE
Largest movements
- Cash +€47,896
up €47,896 (+54.2%), from €88,435 to €136,331
mainly Net result for the year (+€94,140) and Depreciation (+€5,846)
- Receivables within one year +€25,726
up €25,726 (+58.8%), from €43,776 to €69,502
- Tangible fixed assets +€12,689
up €12,689 (+47.1%), from €26,924 to €39,613
of which Furniture and vehicles: +€14,288
- Current investments +€10,000
up €10,000 (+6.7%), from €149,340 to €159,339
- Reserves +€94,140
up €94,140 (+57.2%), from €164,711 to €258,850
- Gross operating margin +€8,300
up €8,300 (+6.4%), from €130,179 to €138,479
- Taxes +€3,514
up €3,514 (+10.2%), from €34,412 to €37,926
- Depreciation +€1,399
up €1,399 (+31.5%), from €4,447 to €5,846
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 | €311,982 | €408,322 | +€96,340 | +30.9% |
| Fixed assets | 21/28 | €26,924 | €39,613 | +€12,689 | +47.1% |
| Tangible fixed assets | 22/27 | €26,924 | €39,613 | +€12,689 | +47.1% |
| Land and buildings | 22 | €13,258 | €11,659 | -€1,599 | -12.1% |
| Furniture and vehicles | 24 | €13,666 | €27,954 | +€14,288 | +105% |
| Current assets | 29/58 | €285,057 | €368,709 | +€83,651 | +29.3% |
| Amounts receivable within one year | 40/41 | €43,776 | €69,502 | +€25,726 | +58.8% |
| Trade receivables | 40 | €43,776 | €69,502 | +€25,726 | +58.8% |
| Current investments | 50/53 | €149,340 | €159,339 | +€10,000 | +6.7% |
| Cash at bank and in hand | 54/58 | €88,435 | €136,331 | +€47,896 | +54.2% |
| Deferred charges and accrued income | 490/1 | €3,507 | €3,535 | +€29 | +0.8% |
| Total equity and liabilities | 10/49 | €311,982 | €408,322 | +€96,340 | +30.9% |
| Equity | 10/15 | €275,558 | €369,697 | +€94,140 | +34.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €164,711 | €258,850 | +€94,140 | +57.2% |
| Distributable reserves | 133 | €164,711 | €258,850 | +€94,140 | +57.2% |
| Profit (loss) carried forward | 14 | €108,847 | €108,847 | = | 0.0% |
| Amounts payable | 17/49 | €36,424 | €38,624 | +€2,200 | +6.0% |
| Amounts payable within one year | 42/48 | €36,424 | €38,545 | +€2,121 | +5.8% |
| Trade debts | 44 | €1,443 | €200 | -€1,242 | -86.1% |
| Suppliers | 440/4 | €1,443 | €200 | -€1,242 | -86.1% |
| Taxes, remuneration and social security | 45 | €33,385 | €35,228 | +€1,843 | +5.5% |
| Taxes | 450/3 | €33,385 | €35,228 | +€1,843 | +5.5% |
| Other amounts payable | 47/48 | €1,596 | €3,117 | +€1,520 | +95.2% |
| Accrued charges and deferred income | 492/3 | - | €79 | +€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,447 | €5,846 | +€1,399 | +31.5% |
| Other operating charges | 640/8 | €725 | €400 | -€325 | -44.8% |
| Gross operating margin | 9900 | €130,179 | €138,479 | +€8,300 | +6.4% |
| Operating profit (loss) | 9901 | €125,007 | €132,233 | +€7,226 | +5.8% |
| Financial income | 75/76B | - | €628 | +€628 | |
| Recurring financial income | 75 | - | €628 | +€628 | |
| Financial charges | 65/66B | €1,525 | €796 | -€729 | -47.8% |
| Recurring financial charges | 65 | €1,525 | €796 | -€729 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €123,482 | €132,065 | +€8,583 | +7.0% |
| Income taxes | 67/77 | €34,412 | €37,926 | +€3,514 | +10.2% |
| Profit (loss) for the period | 9904 | €89,070 | €94,140 | +€5,070 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,070 | €94,140 | +€5,070 | +5.7% |
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 1 November 2026 via checked.be.