QUALITY IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€120,643
down €120,643 (-4.9%), from €2.5m to €2.4m
of which Land and buildings: -€111,871
- Cash -€49,982
down €49,982 (-61.7%), from €81,033 to €31,051
mainly Other debts (-€118,195) and Receivables within one year (-€24,717)
- Other debts -€118,195
down €118,195 (-7.0%), from €1.7m to €1.6m
- Depreciation -€23,677
down €23,677 (-16.4%), from €144,320 to €120,643
- Gross operating margin -€17,213
down €17,213 (-11.4%), from €150,845 to €133,632
- Staff costs -€2,722
down €2,722 (-13.3%), from €20,479 to €17,757
- Other operating charges +€1,580
up €1,580 (+9.9%), from €15,885 to €17,465
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 | €2,561,420 | €2,429,031 | -€132,389 | -5.2% |
| Fixed assets | 21/28 | €2,480,387 | €2,359,744 | -€120,643 | -4.9% |
| Tangible fixed assets | 22/27 | €2,480,387 | €2,359,744 | -€120,643 | -4.9% |
| Land and buildings | 22 | €2,455,019 | €2,343,148 | -€111,871 | -4.6% |
| Furniture and vehicles | 24 | €5,789 | €1,145 | -€4,643 | -80.2% |
| Other tangible fixed assets | 26 | €19,579 | €15,450 | -€4,129 | -21.1% |
| Current assets | 29/58 | €81,033 | €69,287 | -€11,746 | -14.5% |
| Amounts receivable within one year | 40/41 | - | €24,717 | +€24,717 | |
| Trade receivables | 40 | - | €16,681 | +€16,681 | |
| Other amounts receivable | 41 | - | €8,036 | +€8,036 | |
| Cash at bank and in hand | 54/58 | €81,033 | €31,051 | -€49,982 | -61.7% |
| Deferred charges and accrued income | 490/1 | - | €13,519 | +€13,519 | |
| Total equity and liabilities | 10/49 | €2,561,420 | €2,429,031 | -€132,389 | -5.2% |
| Equity | 10/15 | €873,347 | €850,501 | -€22,846 | -2.6% |
| Contributions | 10/11 | €1,227,100 | €1,227,100 | = | 0.0% |
| Capital | 10 | €226,677 | €226,677 | = | 0.0% |
| Issued capital | 100 | €226,677 | €226,677 | = | 0.0% |
| Contributions outside capital | 11 | €1,000,423 | €1,000,423 | = | 0.0% |
| Share premium | 1100/10 | €1,000,423 | €1,000,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€353,753 | -€376,599 | -€22,846 | -6.5% |
| Amounts payable | 17/49 | €1,688,073 | €1,578,530 | -€109,543 | -6.5% |
| Amounts payable within one year | 42/48 | €1,686,503 | €1,571,126 | -€115,377 | -6.8% |
| Trade debts | 44 | €130 | €1,099 | +€969 | +748.2% |
| Suppliers | 440/4 | €130 | €1,099 | +€969 | +748.2% |
| Taxes, remuneration and social security | 45 | €2,907 | €4,756 | +€1,849 | +63.6% |
| Taxes | 450/3 | €219 | €415 | +€196 | +89.3% |
| Remuneration and social security | 454/9 | €2,688 | €4,341 | +€1,653 | +61.5% |
| Other amounts payable | 47/48 | €1,683,466 | €1,565,271 | -€118,195 | -7.0% |
| Accrued charges and deferred income | 492/3 | €1,570 | €7,404 | +€5,834 | +371.6% |
| Non-recurring operating income | 76A | €33,671 | - | -€33,671 | |
| Remuneration, social security and pensions | 62 | €20,479 | €17,757 | -€2,722 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,320 | €120,643 | -€23,677 | -16.4% |
| Other operating charges | 640/8 | €15,885 | €17,465 | +€1,580 | +9.9% |
| Gross operating margin | 9900 | €150,845 | €133,632 | -€17,213 | -11.4% |
| Operating profit (loss) | 9901 | -€29,839 | -€22,232 | +€7,607 | +25.5% |
| Financial income | 75/76B | €494 | €76 | -€418 | -84.6% |
| Recurring financial income | 75 | €494 | €76 | -€418 | -84.6% |
| Financial charges | 65/66B | €55 | €346 | +€291 | +528.0% |
| Recurring financial charges | 65 | €55 | €346 | +€291 | +528.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,400 | -€22,502 | +€6,898 | +23.5% |
| Income taxes | 67/77 | €218 | €344 | +€126 | +57.8% |
| Profit (loss) for the period | 9904 | -€29,618 | -€22,846 | +€6,772 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,618 | -€22,846 | +€6,772 | +22.9% |
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 9 October 2026 via checked.be.