QUALITY FIT: 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 FIT
Largest movements
- Cash +€36,676
up €36,676 (+135%), from €27,263 to €63,939
mainly Depreciation (+€32,993) and Net result for the year (+€30,972)
- Tangible fixed assets -€32,993
down €32,993 (-24.9%), from €132,471 to €99,477
of which Leasing and similar rights: -€25,393
- Receivables within one year +€16,410
up €16,410 (+50.5%), from €32,467 to €48,877
of which Other amounts receivable: +€12,563
- Deferred charges and accrued income -€7,523
down €7,523 (-88.8%), from €8,476 to €953
- Reserves +€30,972
up €30,972 (+35.8%), from €86,588 to €117,561
of which Distributable reserves: +€30,972
- Trade debts +€22,856
up €22,856 (+329%), from €6,957 to €29,813
- Debts after one year -€15,531
down €15,531 (-54.5%), from €28,493 to €12,962
- Other debts -€15,364
down €15,364 (-63.9%), from €24,054 to €8,690
- Tax, wage and social debts -€9,370
down €9,370 (-38.8%), from €24,149 to €14,778
of which Remuneration and social security: -€7,600
- Gross operating margin +€39,578
up €39,578 (+19.9%), from €198,987 to €238,566
- Staff costs -€10,669
down €10,669 (-6.1%), from €175,590 to €164,921
- Financial charges -€5,429
down €5,429 (-51.8%), from €10,487 to €5,058
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 | €208,248 | €220,641 | +€12,393 | +6.0% |
| Fixed assets | 21/28 | €138,048 | €105,055 | -€32,993 | -23.9% |
| Tangible fixed assets | 22/27 | €132,471 | €99,477 | -€32,993 | -24.9% |
| Plant, machinery and equipment | 23 | €23,108 | €17,735 | -€5,373 | -23.3% |
| Leasing and similar rights | 25 | €101,573 | €76,180 | -€25,393 | -25.0% |
| Other tangible fixed assets | 26 | €7,790 | €5,563 | -€2,227 | -28.6% |
| Financial fixed assets | 28 | €5,578 | €5,578 | = | 0.0% |
| Current assets | 29/58 | €70,199 | €115,586 | +€45,387 | +64.7% |
| Stocks and contracts in progress | 3 | €1,993 | €1,816 | -€176 | -8.8% |
| Stocks | 30/36 | €1,993 | €1,816 | -€176 | -8.8% |
| Amounts receivable within one year | 40/41 | €32,467 | €48,877 | +€16,410 | +50.5% |
| Trade receivables | 40 | €3,601 | €7,449 | +€3,847 | +107% |
| Other amounts receivable | 41 | €28,866 | €41,429 | +€12,563 | +43.5% |
| Cash at bank and in hand | 54/58 | €27,263 | €63,939 | +€36,676 | +135% |
| Deferred charges and accrued income | 490/1 | €8,476 | €953 | -€7,523 | -88.8% |
| Total equity and liabilities | 10/49 | €208,248 | €220,641 | +€12,393 | +6.0% |
| Equity | 10/15 | €105,180 | €136,153 | +€30,972 | +29.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €86,588 | €117,561 | +€30,972 | +35.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,367 | €15,367 | = | 0.0% |
| Distributable reserves | 133 | €69,362 | €100,334 | +€30,972 | +44.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,067 | €84,488 | -€18,579 | -18.0% |
| Amounts payable after more than one year | 17 | €28,493 | €12,962 | -€15,531 | -54.5% |
| Financial debts | 170/4 | €28,493 | €12,962 | -€15,531 | -54.5% |
| Amounts payable within one year | 42/48 | €71,674 | €71,526 | -€148 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €14,787 | €15,531 | +€743 | +5.0% |
| Financial debts | 43 | €1,726 | €2,714 | +€988 | +57.2% |
| Credit institutions | 430/8 | €1,726 | €2,714 | +€988 | +57.2% |
| Trade debts | 44 | €6,957 | €29,813 | +€22,856 | +329% |
| Suppliers | 440/4 | €6,957 | €29,813 | +€22,856 | +329% |
| Taxes, remuneration and social security | 45 | €24,149 | €14,778 | -€9,370 | -38.8% |
| Taxes | 450/3 | €1,770 | €0 | -€1,770 | -100% |
| Remuneration and social security | 454/9 | €22,378 | €14,778 | -€7,600 | -34.0% |
| Other amounts payable | 47/48 | €24,054 | €8,690 | -€15,364 | -63.9% |
| Accrued charges and deferred income | 492/3 | €2,901 | €0 | -€2,901 | -100% |
| Remuneration, social security and pensions | 62 | €175,590 | €164,921 | -€10,669 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,878 | €32,993 | +€2,116 | +6.9% |
| Other operating charges | 640/8 | €2,327 | €2,370 | +€43 | +1.8% |
| Non-recurring operating charges | 66A | €2,234 | €2,420 | +€186 | +8.3% |
| Gross operating margin | 9900 | €198,987 | €238,566 | +€39,578 | +19.9% |
| Operating profit (loss) | 9901 | -€12,041 | €35,861 | +€47,902 | |
| Financial income | 75/76B | €426 | €169 | -€256 | -60.2% |
| Recurring financial income | 75 | €426 | €169 | -€256 | -60.2% |
| Financial charges | 65/66B | €10,487 | €5,058 | -€5,429 | -51.8% |
| Recurring financial charges | 65 | €10,487 | €5,058 | -€5,429 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,102 | €30,972 | +€53,074 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€22,102 | €30,972 | +€53,074 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,102 | €30,972 | +€53,074 |
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 20 October 2026 via checked.be.