QUALITY FRESH: 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 FRESH
Largest movements
- Tangible fixed assets -€34,376
down €34,376 (-34.9%), from €98,454 to €64,079
- Cash +€24,639
up €24,639 (+11.2%), from €220,541 to €245,179
mainly Depreciation (+€44,376) and Other debts (+€6,600)
- Intangible fixed assets -€10,000
down €10,000 (-42.8%), from €23,342 to €13,342
- Current portion of long-term debt -€15,997
down €15,997 (-75.9%), from €21,087 to €5,090
- Other debts +€6,600
up €6,600 (+17.3%), from €38,200 to €44,800
- Debts after one year -€5,466
down €5,466 (-5.2%), from €105,466 to €100,000
- Staff costs +€23,391
up €23,391 (+9.8%), from €239,493 to €262,885
- Depreciation -€17,068
down €17,068 (-27.8%), from €61,444 to €44,376
- Gross operating margin -€5,727
down €5,727 (-1.8%), from €318,443 to €312,716
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 | €411,173 | €395,557 | -€15,616 | -3.8% |
| Fixed assets | 21/28 | €121,797 | €77,421 | -€44,376 | -36.4% |
| Intangible fixed assets | 21 | €23,342 | €13,342 | -€10,000 | -42.8% |
| Tangible fixed assets | 22/27 | €98,454 | €64,079 | -€34,376 | -34.9% |
| Land and buildings | 22 | €60,867 | €49,623 | -€11,244 | -18.5% |
| Plant, machinery and equipment | 23 | €23,225 | €7,770 | -€15,455 | -66.5% |
| Furniture and vehicles | 24 | €14,363 | €6,686 | -€7,677 | -53.4% |
| Current assets | 29/58 | €289,376 | €318,136 | +€28,760 | +9.9% |
| Amounts receivable within one year | 40/41 | €67,114 | €71,211 | +€4,097 | +6.1% |
| Trade receivables | 40 | €66,915 | €69,456 | +€2,541 | +3.8% |
| Other amounts receivable | 41 | €199 | €1,755 | +€1,555 | +781.2% |
| Cash at bank and in hand | 54/58 | €220,541 | €245,179 | +€24,639 | +11.2% |
| Deferred charges and accrued income | 490/1 | €1,721 | €1,746 | +€25 | +1.4% |
| Total equity and liabilities | 10/49 | €411,173 | €395,557 | -€15,616 | -3.8% |
| Equity | 10/15 | €164,855 | €166,453 | +€1,598 | +1.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €64,855 | €66,453 | +€1,598 | +2.5% |
| Distributable reserves | 133 | €64,855 | €66,453 | +€1,598 | +2.5% |
| Amounts payable | 17/49 | €246,318 | €229,104 | -€17,214 | -7.0% |
| Amounts payable after more than one year | 17 | €105,466 | €100,000 | -€5,466 | -5.2% |
| Financial debts | 170/4 | €105,466 | €100,000 | -€5,466 | -5.2% |
| Amounts payable within one year | 42/48 | €137,292 | €124,654 | -€12,638 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €21,087 | €5,090 | -€15,997 | -75.9% |
| Trade debts | 44 | €43,437 | €43,180 | -€257 | -0.6% |
| Suppliers | 440/4 | €43,437 | €43,180 | -€257 | -0.6% |
| Taxes, remuneration and social security | 45 | €34,567 | €31,584 | -€2,983 | -8.6% |
| Taxes | 450/3 | €6,101 | €2,292 | -€3,809 | -62.4% |
| Remuneration and social security | 454/9 | €28,466 | €29,292 | +€825 | +2.9% |
| Other amounts payable | 47/48 | €38,200 | €44,800 | +€6,600 | +17.3% |
| Accrued charges and deferred income | 492/3 | €3,560 | €4,450 | +€890 | +25.0% |
| Remuneration, social security and pensions | 62 | €239,493 | €262,885 | +€23,391 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,444 | €44,376 | -€17,068 | -27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,358 | €0 | -€1,358 | -100.0% |
| Other operating charges | 640/8 | €838 | €1,152 | +€314 | +37.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €318,443 | €312,716 | -€5,727 | -1.8% |
| Operating profit (loss) | 9901 | €15,310 | €4,303 | -€11,007 | -71.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,517 | €1,960 | -€557 | -22.1% |
| Recurring financial charges | 65 | €2,517 | €1,960 | -€557 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €12,793 | €2,343 | -€10,449 | -81.7% |
| Income taxes | 67/77 | €3,472 | €746 | -€2,727 | -78.5% |
| Profit (loss) for the period | 9904 | €9,320 | €1,598 | -€7,722 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,320 | €1,598 | -€7,722 | -82.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.