Quality Focus: 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 Focus
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash +€15,556
up €15,556 (+46.5%), from €33,443 to €48,999
mainly Net result for the year (+€79,828) and Depreciation (+€1,500)
- Receivables within one year +€12,645
up €12,645 (+62.1%), from €20,360 to €33,005
of which Trade receivables: +€14,439
- Tangible fixed assets +€2,217
up €2,217 (+59.1%), from €3,753 to €5,970
of which Furniture and vehicles: +€2,739
- Reserves +€79,828
up €79,828 (+143.6%), from €55,595 to €135,423
- Other debts +€1,467
new in 2025: €1,467
- Gross operating margin +€30,374
up €30,374 (+40.7%), from €74,639 to €105,014
- Taxes +€7,096
up €7,096 (+48.1%), from €14,763 to €21,859
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 | €58,916 | €140,429 | +€81,513 | +138.4% |
| Formation expenses | 20 | €131 | €0 | -€131 | -100.0% |
| Fixed assets | 21/28 | €3,753 | €5,970 | +€2,217 | +59.1% |
| Tangible fixed assets | 22/27 | €3,753 | €5,970 | +€2,217 | +59.1% |
| Plant, machinery and equipment | 23 | €2,537 | €2,015 | -€522 | -20.6% |
| Furniture and vehicles | 24 | €1,216 | €3,955 | +€2,739 | +225.2% |
| Current assets | 29/58 | €55,031 | €134,459 | +€79,428 | +144.3% |
| Amounts receivable within one year | 40/41 | €20,360 | €33,005 | +€12,645 | +62.1% |
| Trade receivables | 40 | €17,033 | €31,472 | +€14,439 | +84.8% |
| Other amounts receivable | 41 | €3,327 | €1,533 | -€1,794 | -53.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €33,443 | €48,999 | +€15,556 | +46.5% |
| Deferred charges and accrued income | 490/1 | €1,229 | €2,455 | +€1,227 | +99.8% |
| Total equity and liabilities | 10/49 | €58,916 | €140,429 | +€81,513 | +138.4% |
| Equity | 10/15 | €56,595 | €136,423 | +€79,828 | +141.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €55,595 | €135,423 | +€79,828 | +143.6% |
| Distributable reserves | 133 | €55,595 | €135,423 | +€79,828 | +143.6% |
| Amounts payable | 17/49 | €2,320 | €4,006 | +€1,685 | +72.6% |
| Amounts payable within one year | 42/48 | €2,320 | €4,006 | +€1,685 | +72.6% |
| Trade debts | 44 | €2,320 | €2,481 | +€161 | +6.9% |
| Suppliers | 440/4 | €2,320 | €2,481 | +€161 | +6.9% |
| Taxes, remuneration and social security | 45 | - | €57 | +€57 | |
| Taxes | 450/3 | - | €57 | +€57 | |
| Other amounts payable | 47/48 | - | €1,467 | +€1,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,307 | €1,500 | +€193 | +14.8% |
| Other operating charges | 640/8 | €1,262 | €433 | -€829 | -65.7% |
| Gross operating margin | 9900 | €74,639 | €105,014 | +€30,374 | +40.7% |
| Operating profit (loss) | 9901 | €72,071 | €103,081 | +€31,010 | +43.0% |
| Financial income | 75/76B | €37 | €209 | +€172 | +465.3% |
| Recurring financial income | 75 | €37 | €209 | +€172 | +465.3% |
| Financial charges | 65/66B | €1,749 | €1,603 | -€146 | -8.3% |
| Recurring financial charges | 65 | €1,749 | €1,603 | -€146 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €70,358 | €101,687 | +€31,328 | +44.5% |
| Income taxes | 67/77 | €14,763 | €21,859 | +€7,096 | +48.1% |
| Profit (loss) for the period | 9904 | €55,595 | €79,828 | +€24,233 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,595 | €79,828 | +€24,233 | +43.6% |
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.