QUALITY-BEL: 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-BEL
Largest movements
- Receivables within one year +€23,551
up €23,551 (+5.1%), from €464,974 to €488,525
of which Other amounts receivable: +€23,551
- Deferred charges and accrued income +€8,896
up €8,896 (+376%), from €2,363 to €11,259
- Cash -€8,863
down €8,863 (-99.6%), from €8,896 to €33
mainly Receivables within one year (-€23,551) and Deferred charges and accrued income (-€8,896)
- Profit (loss) carried forward +€12,876
up €12,876 (+8.0%), from -€161,159 to -€148,283
- Gross operating margin -€42,019
down €42,019, from €34,439 to -€7,581
- Other operating charges -€3,288
down €3,288 (-89.2%), from €3,687 to €400
- Taxes +€1,645
up €1,645 (+54.1%), from €3,043 to €4,687
- Financial income -€1,140
down €1,140 (-4.3%), from €26,701 to €25,561
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 | €476,233 | €499,816 | +€23,584 | +5.0% |
| Current assets | 29/58 | €476,233 | €499,816 | +€23,584 | +5.0% |
| Amounts receivable within one year | 40/41 | €464,974 | €488,525 | +€23,551 | +5.1% |
| Trade receivables | 40 | €1,342 | €1,342 | = | 0.0% |
| Other amounts receivable | 41 | €463,631 | €487,182 | +€23,551 | +5.1% |
| Cash at bank and in hand | 54/58 | €8,896 | €33 | -€8,863 | -99.6% |
| Deferred charges and accrued income | 490/1 | €2,363 | €11,259 | +€8,896 | +376% |
| Total equity and liabilities | 10/49 | €476,233 | €499,816 | +€23,584 | +5.0% |
| Equity | 10/15 | -€119,837 | -€106,961 | +€12,876 | +10.7% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €10,322 | €10,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €7,222 | €7,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,159 | -€148,283 | +€12,876 | +8.0% |
| Amounts payable | 17/49 | €596,070 | €606,777 | +€10,707 | +1.8% |
| Amounts payable within one year | 42/48 | €596,070 | €606,777 | +€10,707 | +1.8% |
| Trade debts | 44 | €2,000 | €3,667 | +€1,667 | +83.3% |
| Suppliers | 440/4 | €2,000 | €3,667 | +€1,667 | +83.3% |
| Taxes, remuneration and social security | 45 | €6,532 | €11,219 | +€4,687 | +71.8% |
| Taxes | 450/3 | €6,532 | €11,219 | +€4,687 | +71.8% |
| Other amounts payable | 47/48 | €587,538 | €591,891 | +€4,353 | +0.7% |
| Non-recurring operating income | 76A | €43,742 | €0 | -€43,742 | -100% |
| Other operating charges | 640/8 | €3,687 | €400 | -€3,288 | -89.2% |
| Gross operating margin | 9900 | €34,439 | -€7,581 | -€42,019 | |
| Operating profit (loss) | 9901 | €30,751 | -€7,980 | -€38,732 | |
| Financial income | 75/76B | €26,701 | €25,561 | -€1,140 | -4.3% |
| Recurring financial income | 75 | €26,701 | €25,561 | -€1,140 | -4.3% |
| Financial charges | 65/66B | €174 | €17 | -€157 | -90.0% |
| Recurring financial charges | 65 | €174 | €17 | -€157 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €57,278 | €17,563 | -€39,715 | -69.3% |
| Income taxes | 67/77 | €3,043 | €4,687 | +€1,645 | +54.1% |
| Profit (loss) for the period | 9904 | €54,235 | €12,876 | -€41,359 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,235 | €12,876 | -€41,359 | -76.3% |
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 14 October 2026 via checked.be.