QUALITY BUILDING CORPORATION: what changed
What changed
QUALITY BUILDING CORPORATION
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€46,505
2024 · €40,874+€5,631
Equity
€162,732
2024 · €116,227+€46,505
Cash
€41,403
2024 · €32,000+€9,403
Balance sheet total
€1.1m
2024 · €1.2m-€54,290
Largest movements
Assets
- Tangible fixed assets -€54,033
down €54,033 (-4.7%), from €1.1m to €1.1m
of which Land and buildings: -€35,686
Equity and liabilities
- Debts after one year -€105,327
down €105,327 (-10.7%), from €986,887 to €881,561
- Profit (loss) carried forward +€46,505
up €46,505 (+40.1%), from €116,027 to €162,532
Income statement
- Gross operating margin +€23,281
up €23,281 (+19.6%), from €118,699 to €141,980
- Depreciation +€11,578
up €11,578 (+27.3%), from €42,455 to €54,033
- Taxes +€8,871
up €8,871 (+355%), from €2,500 to €11,371
- Other operating charges -€2,232
down €2,232 (-24.2%), from €9,241 to €7,009
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,874
Gross operating margin
+€23,281
Depreciation
-€11,578
Other operating charges
+€2,232
Financial income
-€3
Financial charges
+€569
Taxes
-€8,871
Result 2025
€46,505
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€113,275
Investment
€0
Financing
-€103,871
Cash 2024
€32,000
From operations (derived)
+€113,275
Net result for the year
+€46,505
Depreciation
+€54,033
Receivables within one year
+€11,223
Deferred charges and accrued income
-€1,563
Trade debts
+€1,212
Tax, wage and social debts
+€719
Accrued charges and deferred income
+€1,145
Financing
-€103,871
Debts after one year
-€105,327
Current portion of long-term debt
+€1,455
Cash 2025
€41,403
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,190,931 | €1,136,641 | -€54,290 | -4.6% |
| Fixed assets | 21/28 | €1,137,794 | €1,083,760 | -€54,033 | -4.7% |
| Tangible fixed assets | 22/27 | €1,137,794 | €1,083,760 | -€54,033 | -4.7% |
| Land and buildings | 22 | €1,050,753 | €1,015,066 | -€35,686 | -3.4% |
| Plant, machinery and equipment | 23 | €9,282 | €7,799 | -€1,483 | -16.0% |
| Furniture and vehicles | 24 | €77,759 | €60,895 | -€16,864 | -21.7% |
| Current assets | 29/58 | €53,138 | €52,881 | -€257 | -0.5% |
| Amounts receivable within one year | 40/41 | €17,170 | €5,947 | -€11,223 | -65.4% |
| Trade receivables | 40 | €4,670 | €4,859 | +€189 | +4.0% |
| Other amounts receivable | 41 | €12,500 | €1,088 | -€11,412 | -91.3% |
| Cash at bank and in hand | 54/58 | €32,000 | €41,403 | +€9,403 | +29.4% |
| Deferred charges and accrued income | 490/1 | €3,968 | €5,531 | +€1,563 | +39.4% |
| Total equity and liabilities | 10/49 | €1,190,931 | €1,136,641 | -€54,290 | -4.6% |
| Equity | 10/15 | €116,227 | €162,732 | +€46,505 | +40.0% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,027 | €162,532 | +€46,505 | +40.1% |
| Amounts payable | 17/49 | €1,074,705 | €973,909 | -€100,796 | -9.4% |
| Amounts payable after more than one year | 17 | €986,887 | €881,561 | -€105,327 | -10.7% |
| Financial debts | 170/4 | €986,887 | €881,561 | -€105,327 | -10.7% |
| Amounts payable within one year | 42/48 | €83,287 | €86,673 | +€3,386 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €63,871 | €65,327 | +€1,455 | +2.3% |
| Trade debts | 44 | €1,808 | €3,019 | +€1,212 | +67.0% |
| Suppliers | 440/4 | €1,808 | €3,019 | +€1,212 | +67.0% |
| Taxes, remuneration and social security | 45 | €17,608 | €18,327 | +€719 | +4.1% |
| Taxes | 450/3 | €17,608 | €18,327 | +€719 | +4.1% |
| Accrued charges and deferred income | 492/3 | €4,531 | €5,676 | +€1,145 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,455 | €54,033 | +€11,578 | +27.3% |
| Other operating charges | 640/8 | €9,241 | €7,009 | -€2,232 | -24.2% |
| Gross operating margin | 9900 | €118,699 | €141,980 | +€23,281 | +19.6% |
| Operating profit (loss) | 9901 | €67,003 | €80,938 | +€13,935 | +20.8% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €23,631 | €23,062 | -€569 | -2.4% |
| Recurring financial charges | 65 | €23,631 | €23,062 | -€569 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €43,374 | €57,876 | +€14,501 | +33.4% |
| Income taxes | 67/77 | €2,500 | €11,371 | +€8,871 | +355% |
| Profit (loss) for the period | 9904 | €40,874 | €46,505 | +€5,631 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,874 | €46,505 | +€5,631 | +13.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.