QUALITY IMMOBILIEN: 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 IMMOBILIEN
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€140,236
up €140,236 (+9458.6%), from €1,483 to €141,718
of which Other amounts receivable: +€136,429
- Tangible fixed assets -€138,955
down €138,955 (-2.4%), from €5.8m to €5.6m
of which Land and buildings: -€80,727
- Cash -€128,327
down €128,327 (-76.4%), from €168,056 to €39,729
mainly Debts after one year (-€236,303) and Receivables within one year (-€140,236)
- Debts after one year -€236,303
down €236,303 (-9.8%), from €2.4m to €2.2m
of which Financial debts: -€125,793
- Gross operating margin -€48,136
down €48,136 (-20.2%), from €238,105 to €189,970
- Financial income +€35,255
up €35,255 (+169.2%), from €20,831 to €56,086
- Depreciation +€20,335
up €20,335 (+14.8%), from €137,024 to €157,359
- Taxes -€15,379
no longer reported in 2025 (was €15,379)
- Other operating charges +€14,003
up €14,003 (+48.0%), from €29,193 to €43,196
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 | €7,971,705 | €7,699,816 | -€271,889 | -3.4% |
| Fixed assets | 21/28 | €7,648,546 | €7,509,592 | -€138,955 | -1.8% |
| Tangible fixed assets | 22/27 | €5,773,546 | €5,634,592 | -€138,955 | -2.4% |
| Land and buildings | 22 | €5,715,151 | €5,634,425 | -€80,727 | -1.4% |
| Plant, machinery and equipment | 23 | €58,395 | €167 | -€58,228 | -99.7% |
| Financial fixed assets | 28 | €1,875,000 | €1,875,000 | = | 0.0% |
| Current assets | 29/58 | €323,158 | €190,224 | -€132,934 | -41.1% |
| Amounts receivable within one year | 40/41 | €1,483 | €141,718 | +€140,236 | +9458.6% |
| Trade receivables | 40 | - | €3,806 | +€3,806 | |
| Other amounts receivable | 41 | €1,483 | €137,912 | +€136,429 | +9201.9% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €168,056 | €39,729 | -€128,327 | -76.4% |
| Deferred charges and accrued income | 490/1 | €3,620 | €8,777 | +€5,158 | +142.5% |
| Total equity and liabilities | 10/49 | €7,971,705 | €7,699,816 | -€271,889 | -3.4% |
| Equity | 10/15 | €4,789,901 | €4,766,007 | -€23,893 | -0.5% |
| Contributions | 10/11 | €278,880 | €278,880 | = | 0.0% |
| Capital | 10 | €278,880 | €278,880 | = | 0.0% |
| Issued capital | 100 | €278,880 | €278,880 | = | 0.0% |
| Revaluation surpluses | 12 | €889,152 | €889,152 | = | 0.0% |
| Reserves | 13 | €3,395,728 | €3,361,549 | -€34,179 | -1.0% |
| Non-distributable reserves | 130/1 | €27,888 | €27,888 | = | 0.0% |
| Legal reserve | 130 | €27,888 | €27,888 | = | 0.0% |
| Tax-exempt reserves | 132 | €967,840 | €933,661 | -€34,179 | -3.5% |
| Distributable reserves | 133 | €2,400,000 | €2,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,141 | €236,426 | +€10,286 | +4.5% |
| Provisions and deferred taxes | 16 | €322,613 | €311,220 | -€11,393 | -3.5% |
| Deferred taxes | 168 | €322,613 | €311,220 | -€11,393 | -3.5% |
| Amounts payable | 17/49 | €2,859,191 | €2,622,588 | -€236,603 | -8.3% |
| Amounts payable after more than one year | 17 | €2,415,738 | €2,179,435 | -€236,303 | -9.8% |
| Financial debts | 170/4 | €2,066,547 | €1,940,753 | -€125,793 | -6.1% |
| Other amounts payable | 178/9 | €349,192 | €238,682 | -€110,510 | -31.6% |
| Amounts payable within one year | 42/48 | €416,335 | €422,132 | +€5,797 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €122,658 | €125,793 | +€3,136 | +2.6% |
| Trade debts | 44 | €36,275 | €43,408 | +€7,133 | +19.7% |
| Suppliers | 440/4 | €36,275 | €43,408 | +€7,133 | +19.7% |
| Advances received on contracts in progress | 46 | €9,293 | €9,302 | +€8 | +0.1% |
| Taxes, remuneration and social security | 45 | €9,133 | €9,133 | = | 0.0% |
| Taxes | 450/3 | €9,133 | €9,133 | = | 0.0% |
| Other amounts payable | 47/48 | €238,976 | €234,496 | -€4,480 | -1.9% |
| Accrued charges and deferred income | 492/3 | €27,118 | €21,021 | -€6,097 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,024 | €157,359 | +€20,335 | +14.8% |
| Other operating charges | 640/8 | €29,193 | €43,196 | +€14,003 | +48.0% |
| Gross operating margin | 9900 | €238,105 | €189,970 | -€48,136 | -20.2% |
| Operating profit (loss) | 9901 | €71,888 | -€10,586 | -€82,474 | |
| Financial income | 75/76B | €20,831 | €56,086 | +€35,255 | +169.2% |
| Recurring financial income | 75 | €20,831 | €56,086 | +€35,255 | +169.2% |
| Financial charges | 65/66B | €81,951 | €80,787 | -€1,164 | -1.4% |
| Recurring financial charges | 65 | €81,951 | €80,787 | -€1,164 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €10,769 | -€35,286 | -€46,055 | |
| Transfer from deferred taxes | 780 | €11,271 | €11,393 | +€122 | +1.1% |
| Income taxes | 67/77 | €15,379 | - | -€15,379 | |
| Profit (loss) for the period | 9904 | €6,660 | -€23,893 | -€30,553 | |
| Transfer from tax-exempt reserves | 789 | €33,813 | €34,179 | +€366 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,473 | €10,286 | -€30,187 | -74.6% |
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 10 October 2026 via checked.be.