QUALITY CONSTRUCT: 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 CONSTRUCT
Largest movements
- Current investments +€13,499
up €13,499 (+5.4%), from €251,997 to €265,496
- Tangible fixed assets -€11,763
down €11,763 (-6.5%), from €179,684 to €167,920
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€3,874
down €3,874 (-34.0%), from €11,393 to €7,520
- Taxes -€1,035
down €1,035 (-98.7%), from €1,049 to €14
- Financial income +€546
up €546 (+10.6%), from €5,139 to €5,685
- Other operating charges -€369
down €369 (-23.0%), from €1,609 to €1,240
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 | €546,593 | €546,635 | +€41 | 0.0% |
| Fixed assets | 21/28 | €179,684 | €167,920 | -€11,763 | -6.5% |
| Tangible fixed assets | 22/27 | €179,684 | €167,920 | -€11,763 | -6.5% |
| Land and buildings | 22 | €179,684 | €167,920 | -€11,763 | -6.5% |
| Current assets | 29/58 | €366,910 | €378,714 | +€11,805 | +3.2% |
| Amounts receivable within one year | 40/41 | €727 | €1,692 | +€965 | +132.6% |
| Other amounts receivable | 41 | €727 | €1,692 | +€965 | +132.6% |
| Current investments | 50/53 | €251,997 | €265,496 | +€13,499 | +5.4% |
| Cash at bank and in hand | 54/58 | €114,186 | €111,526 | -€2,659 | -2.3% |
| Total equity and liabilities | 10/49 | €546,593 | €546,635 | +€41 | 0.0% |
| Equity | 10/15 | €310,748 | €310,790 | +€41 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,148 | €292,190 | +€41 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €290,288 | €290,330 | +€41 | 0.0% |
| Amounts payable | 17/49 | €235,845 | €235,845 | = | 0.0% |
| Amounts payable within one year | 42/48 | €235,845 | €235,845 | = | 0.0% |
| Other amounts payable | 47/48 | €235,845 | €235,845 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,763 | €11,763 | = | 0.0% |
| Other operating charges | 640/8 | €1,609 | €1,240 | -€369 | -23.0% |
| Gross operating margin | 9900 | €11,393 | €7,520 | -€3,874 | -34.0% |
| Operating profit (loss) | 9901 | -€1,979 | -€5,483 | -€3,504 | -177.1% |
| Financial income | 75/76B | €5,139 | €5,685 | +€546 | +10.6% |
| Recurring financial income | 75 | €5,139 | €5,685 | +€546 | +10.6% |
| Financial charges | 65/66B | €136 | €147 | +€11 | +8.2% |
| Recurring financial charges | 65 | €136 | €147 | +€11 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €3,024 | €55 | -€2,969 | -98.2% |
| Income taxes | 67/77 | €1,049 | €14 | -€1,035 | -98.7% |
| Profit (loss) for the period | 9904 | €1,976 | €41 | -€1,934 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,976 | €41 | -€1,934 | -97.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.