QUALITY EXPERT: 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 EXPERT
Largest movements
- Cash -€85,415
down €85,415 (-58.9%), from €145,112 to €59,697
mainly Net result for the year (-€78,004) and Contributions, distributions and other (-€55,622)
- Receivables within one year -€33,901
down €33,901 (-95.3%), from €35,587 to €1,686
of which Other amounts receivable: -€33,049
- Tangible fixed assets -€27,726
down €27,726 (-7.8%), from €354,705 to €326,979
of which Land and buildings: -€27,458
- Reserves -€154,064
down €154,064 (-45.8%), from €336,629 to €182,566
of which Distributable reserves: -€154,064
- Profit (loss) carried forward +€20,438
up €20,438, from €0 to €20,438
- Debts after one year -€18,392
down €18,392 (-10.7%), from €171,304 to €152,912
- Other debts +€7,270
up €7,270, from €0 to €7,270
- Gross operating margin -€77,442
down €77,442, from €68,068 to -€9,375
- Financial charges -€8,207
down €8,207 (-18.0%), from €45,538 to €37,331
- Financial income +€734
up €734 (+95.9%), from €765 to €1,499
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 | €535,729 | €392,008 | -€143,721 | -26.8% |
| Fixed assets | 21/28 | €354,705 | €326,979 | -€27,726 | -7.8% |
| Tangible fixed assets | 22/27 | €354,705 | €326,979 | -€27,726 | -7.8% |
| Land and buildings | 22 | €354,375 | €326,917 | -€27,458 | -7.7% |
| Furniture and vehicles | 24 | €330 | €62 | -€268 | -81.3% |
| Current assets | 29/58 | €181,024 | €65,030 | -€115,994 | -64.1% |
| Stocks and contracts in progress | 3 | - | €2,136 | +€2,136 | |
| Stocks | 30/36 | - | €2,136 | +€2,136 | |
| Amounts receivable within one year | 40/41 | €35,587 | €1,686 | -€33,901 | -95.3% |
| Trade receivables | 40 | €852 | €0 | -€852 | -100.0% |
| Other amounts receivable | 41 | €34,735 | €1,686 | -€33,049 | -95.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €145,112 | €59,697 | -€85,415 | -58.9% |
| Deferred charges and accrued income | 490/1 | €325 | €1,511 | +€1,186 | +365.1% |
| Total equity and liabilities | 10/49 | €535,729 | €392,008 | -€143,721 | -26.8% |
| Equity | 10/15 | €342,829 | €209,204 | -€133,626 | -39.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €336,629 | €182,566 | -€154,064 | -45.8% |
| Tax-exempt reserves | 132 | €67,756 | €67,756 | = | 0.0% |
| Distributable reserves | 133 | €268,873 | €114,809 | -€154,064 | -57.3% |
| Profit (loss) carried forward | 14 | €0 | €20,438 | +€20,438 | |
| Amounts payable | 17/49 | €192,900 | €182,805 | -€10,095 | -5.2% |
| Amounts payable after more than one year | 17 | €171,304 | €152,912 | -€18,392 | -10.7% |
| Financial debts | 170/4 | €171,304 | €152,912 | -€18,392 | -10.7% |
| Amounts payable within one year | 42/48 | €21,596 | €29,893 | +€8,297 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €18,073 | €18,392 | +€319 | +1.8% |
| Financial debts | 43 | €91 | €767 | +€676 | +738.8% |
| Credit institutions | 430/8 | €91 | €767 | +€676 | +738.8% |
| Trade debts | 44 | €2,047 | €1,678 | -€369 | -18.0% |
| Suppliers | 440/4 | €2,047 | €1,678 | -€369 | -18.0% |
| Taxes, remuneration and social security | 45 | €1,384 | €1,785 | +€401 | +29.0% |
| Taxes | 450/3 | €1,384 | €1,785 | +€401 | +29.0% |
| Other amounts payable | 47/48 | €0 | €7,270 | +€7,270 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,726 | €27,726 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,991 | €5,071 | +€80 | +1.6% |
| Gross operating margin | 9900 | €68,068 | -€9,375 | -€77,442 | |
| Operating profit (loss) | 9901 | €35,350 | -€42,172 | -€77,523 | |
| Financial income | 75/76B | €765 | €1,499 | +€734 | +95.9% |
| Recurring financial income | 75 | €765 | €1,499 | +€734 | +95.9% |
| Financial charges | 65/66B | €45,538 | €37,331 | -€8,207 | -18.0% |
| Recurring financial charges | 65 | €45,538 | €37,331 | -€8,207 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,422 | -€78,004 | -€68,582 | -727.9% |
| Income taxes | 67/77 | €50 | €0 | -€50 | -100.0% |
| Profit (loss) for the period | 9904 | -€9,472 | -€78,004 | -€68,532 | -723.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,472 | -€78,004 | -€68,532 | -723.5% |
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 12 October 2026 via checked.be.