Quality FH: what changed
Quality FH
Largest movements
- Tangible fixed assets -€30,054
down €30,054 (-8.9%), from €337,022 to €306,968
of which Furniture and vehicles: -€16,138
- Cash +€22,112
up €22,112 (+1,407%), from €1,572 to €23,684
mainly Depreciation (+€40,222) and Net result for the year (+€39,057)
- Receivables within one year -€6,654
down €6,654 (-38.9%), from €17,127 to €10,473
of which Other amounts receivable: -€8,085
- Current portion of long-term debt -€39,728
down €39,728 (-72.3%), from €54,932 to €15,204
- Reserves +€39,057
up €39,057 (+25.3%), from €154,447 to €193,504
- Debts after one year -€15,201
down €15,201 (-44.2%), from €34,354 to €19,153
- Tax, wage and social debts +€8,208
up €8,208 (+469%), from €1,750 to €9,958
of which Taxes: +€7,708
- Other debts -€8,198
down €8,198 (-16.9%), from €48,647 to €40,449
- Gross operating margin +€36,586
up €36,586 (+49.3%), from €74,147 to €110,733
- Taxes +€14,769
up €14,769 (+375%), from €3,938 to €18,708
- Depreciation -€6,314
down €6,314 (-13.6%), from €46,536 to €40,222
- Financial charges -€1,732
down €1,732 (-39.4%), from €4,393 to €2,661
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,415 | €341,125 | -€15,290 | -4.3% |
| Fixed assets | 21/28 | €337,022 | €306,968 | -€30,054 | -8.9% |
| Tangible fixed assets | 22/27 | €337,022 | €306,968 | -€30,054 | -8.9% |
| Land and buildings | 22 | €316,414 | €303,300 | -€13,114 | -4.1% |
| Plant, machinery and equipment | 23 | €2,755 | €2,071 | -€685 | -24.9% |
| Furniture and vehicles | 24 | €17,113 | €976 | -€16,138 | -94.3% |
| Other tangible fixed assets | 26 | €740 | €622 | -€118 | -15.9% |
| Current assets | 29/58 | €19,393 | €34,157 | +€14,765 | +76.1% |
| Amounts receivable within one year | 40/41 | €17,127 | €10,473 | -€6,654 | -38.9% |
| Trade receivables | 40 | €9,042 | €10,473 | +€1,431 | +15.8% |
| Other amounts receivable | 41 | €8,085 | - | -€8,085 | |
| Cash at bank and in hand | 54/58 | €1,572 | €23,684 | +€22,112 | +1,407% |
| Deferred charges and accrued income | 490/1 | €693 | - | -€693 | |
| Total equity and liabilities | 10/49 | €356,415 | €341,125 | -€15,290 | -4.3% |
| Equity | 10/15 | €216,467 | €255,523 | +€39,057 | +18.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €154,447 | €193,504 | +€39,057 | +25.3% |
| Distributable reserves | 133 | €154,447 | €193,504 | +€39,057 | +25.3% |
| Profit (loss) carried forward | 14 | €42,019 | €42,019 | = | 0.0% |
| Amounts payable | 17/49 | €139,948 | €85,602 | -€54,347 | -38.8% |
| Amounts payable after more than one year | 17 | €34,354 | €19,153 | -€15,201 | -44.2% |
| Financial debts | 170/4 | €34,354 | €19,153 | -€15,201 | -44.2% |
| Amounts payable within one year | 42/48 | €105,595 | €65,849 | -€39,746 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €54,932 | €15,204 | -€39,728 | -72.3% |
| Financial debts | 43 | €265 | €209 | -€56 | -21.0% |
| Credit institutions | 430/8 | €265 | €209 | -€56 | -21.0% |
| Trade debts | 44 | - | €29 | +€29 | |
| Suppliers | 440/4 | - | €29 | +€29 | |
| Taxes, remuneration and social security | 45 | €1,750 | €9,958 | +€8,208 | +469% |
| Taxes | 450/3 | €1,750 | €9,458 | +€7,708 | +440% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €48,647 | €40,449 | -€8,198 | -16.9% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,536 | €40,222 | -€6,314 | -13.6% |
| Other operating charges | 640/8 | €9,757 | €10,085 | +€328 | +3.4% |
| Gross operating margin | 9900 | €74,147 | €110,733 | +€36,586 | +49.3% |
| Operating profit (loss) | 9901 | €17,853 | €60,426 | +€42,572 | +238% |
| Financial charges | 65/66B | €4,393 | €2,661 | -€1,732 | -39.4% |
| Recurring financial charges | 65 | €4,393 | €2,661 | -€1,732 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €13,461 | €57,764 | +€44,304 | +329% |
| Income taxes | 67/77 | €3,938 | €18,708 | +€14,769 | +375% |
| Profit (loss) for the period | 9904 | €9,522 | €39,057 | +€29,534 | +310% |
| Profit (loss) for the period to be appropriated | 9905 | €9,522 | €39,057 | +€29,534 | +310% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.