QUALITY ENVIRONMENT: 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 ENVIRONMENT
Largest movements
- Stocks and contracts +€348,733
up €348,733 (+58.3%), from €598,586 to €947,320
of which Contracts in progress: +€288,717
- Cash +€56,506
up €56,506 (+125.3%), from €45,091 to €101,597
mainly Accrued charges and deferred income (+€381,526) and Trade debts (+€184,901)
- Tangible fixed assets +€31,751
up €31,751 (+14.6%), from €216,881 to €248,632
of which Furniture and vehicles: +€35,597
- Accrued charges and deferred income +€381,526
up €381,526 (+84.8%), from €450,066 to €831,591
- Trade debts +€184,901
up €184,901 (+34.1%), from €542,052 to €726,954
- Short-term financial debts -€100,000
down €100,000 (-26.7%), from €375,000 to €275,000
- Other debts -€53,794
down €53,794 (-36.9%), from €145,808 to €92,014
- Debts after one year +€29,918
up €29,918 (+36.2%), from €82,684 to €112,602
- Gross operating margin -€152,261
down €152,261 (-9.6%), from €1.6m to €1.4m
- Write-downs +€56,299
up €56,299, from €0 to €56,299
- Taxes -€48,617
down €48,617 (-75.5%), from €64,422 to €15,806
- Staff costs -€38,755
down €38,755 (-3.0%), from €1.3m to €1.3m
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 | €2,444,583 | €2,919,357 | +€474,774 | +19.4% |
| Fixed assets | 21/28 | €272,963 | €305,282 | +€32,319 | +11.8% |
| Intangible fixed assets | 21 | €2,520 | €3,089 | +€569 | +22.6% |
| Tangible fixed assets | 22/27 | €216,881 | €248,632 | +€31,751 | +14.6% |
| Plant, machinery and equipment | 23 | €15,458 | €14,526 | -€932 | -6.0% |
| Furniture and vehicles | 24 | €111,148 | €146,745 | +€35,597 | +32.0% |
| Other tangible fixed assets | 26 | €90,276 | €87,361 | -€2,914 | -3.2% |
| Financial fixed assets | 28 | €53,562 | €53,561 | -€1 | 0.0% |
| Current assets | 29/58 | €2,171,620 | €2,614,075 | +€442,455 | +20.4% |
| Stocks and contracts in progress | 3 | €598,586 | €947,320 | +€348,733 | +58.3% |
| Stocks | 30/36 | €366,778 | €426,795 | +€60,017 | +16.4% |
| Contracts in progress | 37 | €231,808 | €520,525 | +€288,717 | +124.6% |
| Amounts receivable within one year | 40/41 | €1,516,847 | €1,534,677 | +€17,830 | +1.2% |
| Trade receivables | 40 | €1,430,069 | €1,466,445 | +€36,376 | +2.5% |
| Other amounts receivable | 41 | €86,778 | €68,232 | -€18,547 | -21.4% |
| Current investments | 50/53 | - | €11,623 | +€11,623 | |
| Cash at bank and in hand | 54/58 | €45,091 | €101,597 | +€56,506 | +125.3% |
| Deferred charges and accrued income | 490/1 | €11,095 | €18,859 | +€7,764 | +70.0% |
| Total equity and liabilities | 10/49 | €2,444,583 | €2,919,357 | +€474,774 | +19.4% |
| Equity | 10/15 | €732,783 | €739,023 | +€6,240 | +0.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €666,912 | €673,152 | +€6,240 | +0.9% |
| Distributable reserves | 133 | €666,912 | €673,152 | +€6,240 | +0.9% |
| Profit (loss) carried forward | 14 | €40,871 | €40,871 | = | 0.0% |
| Amounts payable | 17/49 | €1,711,800 | €2,180,334 | +€468,534 | +27.4% |
| Amounts payable after more than one year | 17 | €82,684 | €112,602 | +€29,918 | +36.2% |
| Financial debts | 170/4 | €82,684 | €112,602 | +€29,918 | +36.2% |
| Amounts payable within one year | 42/48 | €1,179,051 | €1,236,141 | +€57,091 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €52,264 | €73,433 | +€21,169 | +40.5% |
| Financial debts | 43 | €375,000 | €275,000 | -€100,000 | -26.7% |
| Credit institutions | 430/8 | €375,000 | €275,000 | -€100,000 | -26.7% |
| Trade debts | 44 | €542,052 | €726,954 | +€184,901 | +34.1% |
| Suppliers | 440/4 | €542,052 | €726,954 | +€184,901 | +34.1% |
| Advances received on contracts in progress | 46 | €3,271 | €1,054 | -€2,217 | -67.8% |
| Taxes, remuneration and social security | 45 | €60,656 | €67,687 | +€7,031 | +11.6% |
| Taxes | 450/3 | €3,662 | €192 | -€3,469 | -94.7% |
| Remuneration and social security | 454/9 | €56,994 | €67,495 | +€10,500 | +18.4% |
| Other amounts payable | 47/48 | €145,808 | €92,014 | -€53,794 | -36.9% |
| Accrued charges and deferred income | 492/3 | €450,066 | €831,591 | +€381,526 | +84.8% |
| Remuneration, social security and pensions | 62 | €1,298,202 | €1,259,447 | -€38,755 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,613 | €73,870 | +€8,257 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €56,299 | +€56,299 | |
| Other operating charges | 640/8 | €14,244 | €11,636 | -€2,608 | -18.3% |
| Gross operating margin | 9900 | €1,587,461 | €1,435,200 | -€152,261 | -9.6% |
| Operating profit (loss) | 9901 | €209,402 | €33,948 | -€175,455 | -83.8% |
| Financial income | 75/76B | €30,861 | €23,718 | -€7,143 | -23.1% |
| Recurring financial income | 75 | €30,861 | €20,641 | -€10,220 | -33.1% |
| Non-recurring financial income | 76B | - | €3,077 | +€3,077 | |
| Financial charges | 65/66B | €46,339 | €35,620 | -€10,720 | -23.1% |
| Recurring financial charges | 65 | €46,339 | €35,620 | -€10,720 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €193,924 | €22,046 | -€171,878 | -88.6% |
| Income taxes | 67/77 | €64,422 | €15,806 | -€48,617 | -75.5% |
| Profit (loss) for the period | 9904 | €129,502 | €6,240 | -€123,262 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,502 | €6,240 | -€123,262 | -95.2% |
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 8 October 2026 via checked.be.