QUALITY FIX: 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 FIX
Largest movements
- Receivables within one year +€24,300
up €24,300 (+1121.5%), from €2,167 to €26,466
of which Trade receivables: +€23,911
- Cash -€19,111
down €19,111 (-49.0%), from €39,022 to €19,911
mainly Receivables within one year (-€24,300) and Other debts (-€10,554)
- Tangible fixed assets -€1,644
down €1,644 (-31.9%), from €5,161 to €3,517
of which Furniture and vehicles: -€1,136
- Other debts -€10,554
no longer reported in 2025 (was €10,554)
- Trade debts +€10,100
new in 2025: €10,100
- Tax, wage and social debts +€3,532
up €3,532 (+35.2%), from €10,031 to €13,564
- Gross operating margin -€33,529
down €33,529 (-91.2%), from €36,765 to €3,237
- Taxes -€9,150
down €9,150 (-97.3%), from €9,402 to €252
- Other operating charges -€1,463
down €1,463 (-63.8%), from €2,292 to €829
- Depreciation +€737
up €737 (+81.2%), from €907 to €1,644
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 | €46,349 | €49,894 | +€3,545 | +7.6% |
| Fixed assets | 21/28 | €5,161 | €3,517 | -€1,644 | -31.9% |
| Tangible fixed assets | 22/27 | €5,161 | €3,517 | -€1,644 | -31.9% |
| Plant, machinery and equipment | 23 | €1,232 | €724 | -€507 | -41.2% |
| Furniture and vehicles | 24 | €3,929 | €2,793 | -€1,136 | -28.9% |
| Current assets | 29/58 | €41,189 | €46,377 | +€5,189 | +12.6% |
| Amounts receivable within one year | 40/41 | €2,167 | €26,466 | +€24,300 | +1121.5% |
| Trade receivables | 40 | €1,457 | €25,368 | +€23,911 | +1641.1% |
| Other amounts receivable | 41 | €710 | €1,098 | +€389 | +54.8% |
| Cash at bank and in hand | 54/58 | €39,022 | €19,911 | -€19,111 | -49.0% |
| Total equity and liabilities | 10/49 | €46,349 | €49,894 | +€3,545 | +7.6% |
| Equity | 10/15 | €25,764 | €26,230 | +€467 | +1.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,764 | €24,230 | +€467 | +2.0% |
| Distributable reserves | 133 | €23,764 | €24,230 | +€467 | +2.0% |
| Amounts payable | 17/49 | €20,586 | €23,664 | +€3,078 | +15.0% |
| Amounts payable within one year | 42/48 | €20,586 | €23,664 | +€3,078 | +15.0% |
| Trade debts | 44 | - | €10,100 | +€10,100 | |
| Suppliers | 440/4 | - | €10,100 | +€10,100 | |
| Taxes, remuneration and social security | 45 | €10,031 | €13,564 | +€3,532 | +35.2% |
| Taxes | 450/3 | €10,031 | €13,564 | +€3,532 | +35.2% |
| Other amounts payable | 47/48 | €10,554 | - | -€10,554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €907 | €1,644 | +€737 | +81.2% |
| Other operating charges | 640/8 | €2,292 | €829 | -€1,463 | -63.8% |
| Gross operating margin | 9900 | €36,765 | €3,237 | -€33,529 | -91.2% |
| Operating profit (loss) | 9901 | €33,567 | €764 | -€32,803 | -97.7% |
| Financial charges | 65/66B | €401 | €45 | -€356 | -88.8% |
| Recurring financial charges | 65 | €401 | €45 | -€356 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €33,166 | €719 | -€32,447 | -97.8% |
| Income taxes | 67/77 | €9,402 | €252 | -€9,150 | -97.3% |
| Profit (loss) for the period | 9904 | €23,764 | €467 | -€23,297 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,764 | €467 | -€23,297 | -98.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.