Quality Estates 4 You: 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 Estates 4 You
Largest movements
- Stocks and contracts +€5.7m
new in 2025: €5.7m
- Tangible fixed assets -€3.8m
down €3.8m (-81.1%), from €4.7m to €884,804
of which Land and buildings: -€3.8m
- Deferred charges and accrued income +€911,446
up €911,446 (+616%), from €147,851 to €1.1m
- Cash -€561,291
down €561,291 (-97.2%), from €577,318 to €16,027
mainly Stocks and contracts (-€5.7m) and Deferred charges and accrued income (-€911,446)
- Receivables within one year -€204,329
down €204,329 (-25.0%), from €818,708 to €614,379
of which Trade receivables: -€209,051
- Short-term financial debts +€1.2m
up €1.2m (+32.7%), from €3.7m to €4.9m
- Other debts +€586,342
up €586,342 (+42.7%), from €1.4m to €2.0m
- Debts after one year +€214,000
new in 2025: €214,000
- Gross operating margin -€227,206
down €227,206 (-49.7%), from €457,091 to €229,885
- Financial charges -€158,876
down €158,876 (-74.9%), from €212,178 to €53,302
- Depreciation -€56,182
down €56,182 (-62.6%), from €89,812 to €33,630
- Other operating charges -€13,358
down €13,358 (-38.4%), from €34,776 to €21,418
- Taxes +€13,105
up €13,105 (+42.4%), from €30,916 to €44,021
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 | €6,235,464 | €8,290,925 | +€2.1m | +33.0% |
| Fixed assets | 21/28 | €4,691,587 | €884,804 | -€3.8m | -81.1% |
| Tangible fixed assets | 22/27 | €4,691,587 | €884,804 | -€3.8m | -81.1% |
| Land and buildings | 22 | €4,679,240 | €877,246 | -€3.8m | -81.3% |
| Plant, machinery and equipment | 23 | €7,689 | €4,163 | -€3,526 | -45.9% |
| Furniture and vehicles | 24 | €4,658 | €3,395 | -€1,262 | -27.1% |
| Current assets | 29/58 | €1,543,877 | €7,406,122 | +€5.9m | +380% |
| Stocks and contracts in progress | 3 | - | €5,716,419 | +€5.7m | |
| Stocks | 30/36 | - | €5,716,419 | +€5.7m | |
| Amounts receivable within one year | 40/41 | €818,708 | €614,379 | -€204,329 | -25.0% |
| Trade receivables | 40 | €209,051 | - | -€209,051 | |
| Other amounts receivable | 41 | €609,657 | €614,379 | +€4,722 | +0.8% |
| Cash at bank and in hand | 54/58 | €577,318 | €16,027 | -€561,291 | -97.2% |
| Deferred charges and accrued income | 490/1 | €147,851 | €1,059,297 | +€911,446 | +616% |
| Total equity and liabilities | 10/49 | €6,235,464 | €8,290,925 | +€2.1m | +33.0% |
| Equity | 10/15 | €1,049,837 | €1,129,925 | +€80,088 | +7.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €707,512 | €707,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,512 | €7,512 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,512 | €7,512 | = | 0.0% |
| Distributable reserves | 133 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,325 | €222,413 | +€80,088 | +56.3% |
| Amounts payable | 17/49 | €5,185,626 | €7,161,000 | +€2.0m | +38.1% |
| Amounts payable after more than one year | 17 | - | €214,000 | +€214,000 | |
| Financial debts | 170/4 | - | €214,000 | +€214,000 | |
| Amounts payable within one year | 42/48 | €5,138,884 | €6,943,400 | +€1.8m | +35.1% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €3,724,894 | €4,942,947 | +€1.2m | +32.7% |
| Credit institutions | 430/8 | €3,724,894 | €4,942,947 | +€1.2m | +32.7% |
| Trade debts | 44 | - | €20,915 | +€20,915 | |
| Suppliers | 440/4 | - | €20,915 | +€20,915 | |
| Taxes, remuneration and social security | 45 | €40,467 | €19,674 | -€20,793 | -51.4% |
| Taxes | 450/3 | €40,467 | €19,674 | -€20,793 | -51.4% |
| Other amounts payable | 47/48 | €1,373,523 | €1,959,865 | +€586,342 | +42.7% |
| Accrued charges and deferred income | 492/3 | €46,742 | €3,600 | -€43,142 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,812 | €33,630 | -€56,182 | -62.6% |
| Other operating charges | 640/8 | €34,776 | €21,418 | -€13,358 | -38.4% |
| Gross operating margin | 9900 | €457,091 | €229,885 | -€227,206 | -49.7% |
| Operating profit (loss) | 9901 | €332,503 | €174,837 | -€157,667 | -47.4% |
| Financial income | 75/76B | €2,207 | €2,575 | +€368 | +16.7% |
| Recurring financial income | 75 | €2,207 | €2,575 | +€368 | +16.7% |
| Financial charges | 65/66B | €212,178 | €53,302 | -€158,876 | -74.9% |
| Recurring financial charges | 65 | €212,178 | €53,302 | -€158,876 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | €122,531 | €124,109 | +€1,578 | +1.3% |
| Income taxes | 67/77 | €30,916 | €44,021 | +€13,105 | +42.4% |
| Profit (loss) for the period | 9904 | €91,615 | €80,088 | -€11,527 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,615 | €80,088 | -€11,527 | -12.6% |
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 18 October 2026 via checked.be.