QUALITY BASED SOLUTIONS: 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.
QUALITY BASED SOLUTIONS
Largest movements
- Cash +€7,565
up €7,565 (+9.6%), from €78,406 to €85,971
mainly Depreciation (+€11,515) and Other debts (+€10,328)
- Receivables within one year -€7,482
down €7,482 (-31.4%), from €23,813 to €16,331
of which Trade receivables: -€6,063
- Tangible fixed assets -€5,968
down €5,968 (-14.7%), from €40,530 to €34,561
- Other debts +€10,328
up €10,328 (+49.1%), from €21,055 to €31,383
- Accrued charges and deferred income -€8,600
no longer reported in 2025 (was €8,600)
- Profit (loss) carried forward -€6,082
down €6,082 (-15.8%), from €38,416 to €32,334
- Tax, wage and social debts -€1,939
down €1,939 (-33.6%), from €5,772 to €3,833
of which Remuneration and social security: -€2,400
- Gross operating margin -€10,882
down €10,882 (-52.7%), from €20,665 to €9,783
- Taxes -€2,420
down €2,420 (-78.5%), from €3,082 to €663
- Depreciation +€1,806
up €1,806 (+18.6%), from €9,710 to €11,515
- Other operating charges -€726
down €726 (-28.7%), from €2,532 to €1,807
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.
Cash bridge derived
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 | €142,898 | €137,013 | -€5,885 | -4.1% |
| Fixed assets | 21/28 | €40,680 | €34,711 | -€5,968 | -14.7% |
| Tangible fixed assets | 22/27 | €40,530 | €34,561 | -€5,968 | -14.7% |
| Plant, machinery and equipment | 23 | €5,525 | €4,051 | -€1,474 | -26.7% |
| Furniture and vehicles | 24 | €26,626 | €24,907 | -€1,719 | -6.5% |
| Other tangible fixed assets | 26 | €8,379 | €5,604 | -€2,776 | -33.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €102,219 | €102,301 | +€83 | +0.1% |
| Amounts receivable within one year | 40/41 | €23,813 | €16,331 | -€7,482 | -31.4% |
| Trade receivables | 40 | €22,376 | €16,313 | -€6,063 | -27.1% |
| Other amounts receivable | 41 | €1,436 | €18 | -€1,419 | -98.8% |
| Cash at bank and in hand | 54/58 | €78,406 | €85,971 | +€7,565 | +9.6% |
| Total equity and liabilities | 10/49 | €142,898 | €137,013 | -€5,885 | -4.1% |
| Equity | 10/15 | €106,399 | €100,317 | -€6,082 | -5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,783 | €61,783 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,635 | €24,635 | = | 0.0% |
| Distributable reserves | 133 | €37,148 | €37,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,416 | €32,334 | -€6,082 | -15.8% |
| Amounts payable | 17/49 | €36,499 | €36,696 | +€197 | +0.5% |
| Amounts payable within one year | 42/48 | €27,899 | €36,696 | +€8,797 | +31.5% |
| Financial debts | 43 | €173 | €309 | +€136 | +78.4% |
| Credit institutions | 430/8 | €173 | €309 | +€136 | +78.4% |
| Trade debts | 44 | €899 | €1,172 | +€273 | +30.4% |
| Suppliers | 440/4 | €899 | €1,172 | +€273 | +30.4% |
| Taxes, remuneration and social security | 45 | €5,772 | €3,833 | -€1,939 | -33.6% |
| Taxes | 450/3 | €3,372 | €3,833 | +€461 | +13.7% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €21,055 | €31,383 | +€10,328 | +49.1% |
| Accrued charges and deferred income | 492/3 | €8,600 | - | -€8,600 | |
| Non-recurring operating income | 76A | €1,629 | - | -€1,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,710 | €11,515 | +€1,806 | +18.6% |
| Other operating charges | 640/8 | €2,532 | €1,807 | -€726 | -28.7% |
| Gross operating margin | 9900 | €20,665 | €9,783 | -€10,882 | -52.7% |
| Operating profit (loss) | 9901 | €8,423 | -€3,539 | -€11,962 | |
| Financial income | 75/76B | €5 | €0 | -€4 | -95.5% |
| Recurring financial income | 75 | €5 | €0 | -€4 | -95.5% |
| Financial charges | 65/66B | €1,748 | €1,881 | +€133 | +7.6% |
| Recurring financial charges | 65 | €1,748 | €1,881 | +€133 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €6,680 | -€5,419 | -€12,099 | |
| Income taxes | 67/77 | €3,082 | €663 | -€2,420 | -78.5% |
| Profit (loss) for the period | 9904 | €3,598 | -€6,082 | -€9,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,598 | -€6,082 | -€9,680 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.