QUALITY IMPORT: 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 IMPORT
Largest movements
- Receivables after one year -€120,493
down €120,493 (-45.4%), from €265,391 to €144,898
- Stocks and contracts +€77,503
up €77,503 (+20.9%), from €371,480 to €448,984
- Deferred charges and accrued income +€36,368
up €36,368 (+506%), from €7,187 to €43,555
- Cash +€30,392
up €30,392 (+13.2%), from €230,774 to €261,167
mainly Receivables after one year (+€120,493) and Trade debts (+€92,416)
- Receivables within one year +€21,983
up €21,983 (+11.9%), from €184,971 to €206,954
of which Other amounts receivable: +€13,003
- Trade debts +€92,416
up €92,416 (+44.7%), from €206,625 to €299,041
- Current portion of long-term debt -€42,085
down €42,085 (-86.3%), from €48,786 to €6,701
- Tax, wage and social debts -€12,666
down €12,666 (-16.2%), from €77,948 to €65,283
of which Taxes: -€17,970
- Reserves +€12,000
up €12,000 (+2.3%), from €526,000 to €538,000
- Staff costs +€91,017
up €91,017 (+40.1%), from €226,699 to €317,716
- Gross operating margin -€32,112
down €32,112 (-7.3%), from €437,166 to €405,054
- Taxes -€31,191
down €31,191 (-72.2%), from €43,210 to €12,019
- Write-downs +€5,025
up €5,025 (+96.5%), from €5,207 to €10,233
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.
Derived cash bridge
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 | €1,130,246 | €1,170,828 | +€40,583 | +3.6% |
| Fixed assets | 21/28 | €70,442 | €65,271 | -€5,171 | -7.3% |
| Intangible fixed assets | 21 | - | €10,985 | +€10,985 | |
| Tangible fixed assets | 22/27 | €40,682 | €24,527 | -€16,156 | -39.7% |
| Plant, machinery and equipment | 23 | €4,376 | €2,027 | -€2,349 | -53.7% |
| Furniture and vehicles | 24 | €36,306 | €22,499 | -€13,806 | -38.0% |
| Financial fixed assets | 28 | €29,760 | €29,760 | = | 0.0% |
| Current assets | 29/58 | €1,059,803 | €1,105,557 | +€45,754 | +4.3% |
| Amounts receivable after more than one year | 29 | €265,391 | €144,898 | -€120,493 | -45.4% |
| Other amounts receivable | 291 | €265,391 | €144,898 | -€120,493 | -45.4% |
| Stocks and contracts in progress | 3 | €371,480 | €448,984 | +€77,503 | +20.9% |
| Stocks | 30/36 | €371,480 | €448,984 | +€77,503 | +20.9% |
| Amounts receivable within one year | 40/41 | €184,971 | €206,954 | +€21,983 | +11.9% |
| Trade receivables | 40 | €184,971 | €193,951 | +€8,980 | +4.9% |
| Other amounts receivable | 41 | - | €13,003 | +€13,003 | |
| Cash at bank and in hand | 54/58 | €230,774 | €261,167 | +€30,392 | +13.2% |
| Deferred charges and accrued income | 490/1 | €7,187 | €43,555 | +€36,368 | +506% |
| Total equity and liabilities | 10/49 | €1,130,246 | €1,170,828 | +€40,583 | +3.6% |
| Equity | 10/15 | €544,789 | €557,202 | +€12,413 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €526,000 | €538,000 | +€12,000 | +2.3% |
| Distributable reserves | 133 | €526,000 | €538,000 | +€12,000 | +2.3% |
| Profit (loss) carried forward | 14 | €189 | €602 | +€413 | +219% |
| Amounts payable | 17/49 | €585,457 | €613,626 | +€28,170 | +4.8% |
| Amounts payable after more than one year | 17 | €23,403 | €16,702 | -€6,701 | -28.6% |
| Financial debts | 170/4 | €23,403 | €16,702 | -€6,701 | -28.6% |
| Amounts payable within one year | 42/48 | €558,360 | €596,924 | +€38,565 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €48,786 | €6,701 | -€42,085 | -86.3% |
| Financial debts | 43 | €225,000 | €225,000 | = | 0.0% |
| Credit institutions | 430/8 | €225,000 | €225,000 | = | 0.0% |
| Trade debts | 44 | €206,625 | €299,041 | +€92,416 | +44.7% |
| Suppliers | 440/4 | €206,625 | €299,041 | +€92,416 | +44.7% |
| Taxes, remuneration and social security | 45 | €77,948 | €65,283 | -€12,666 | -16.2% |
| Taxes | 450/3 | €35,225 | €17,255 | -€17,970 | -51.0% |
| Remuneration and social security | 454/9 | €42,723 | €48,028 | +€5,304 | +12.4% |
| Other amounts payable | 47/48 | - | €900 | +€900 | |
| Accrued charges and deferred income | 492/3 | €3,694 | €0 | -€3,694 | -100% |
| Remuneration, social security and pensions | 62 | €226,699 | €317,716 | +€91,017 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,305 | €17,171 | +€866 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,207 | €10,233 | +€5,025 | +96.5% |
| Other operating charges | 640/8 | €12,958 | €15,404 | +€2,447 | +18.9% |
| Gross operating margin | 9900 | €437,166 | €405,054 | -€32,112 | -7.3% |
| Operating profit (loss) | 9901 | €175,997 | €44,530 | -€131,467 | -74.7% |
| Financial income | 75/76B | €11,252 | €6,964 | -€4,288 | -38.1% |
| Recurring financial income | 75 | €11,252 | €6,964 | -€4,288 | -38.1% |
| Financial charges | 65/66B | €28,028 | €27,062 | -€966 | -3.4% |
| Recurring financial charges | 65 | €28,028 | €27,062 | -€966 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €159,221 | €24,432 | -€134,789 | -84.7% |
| Income taxes | 67/77 | €43,210 | €12,019 | -€31,191 | -72.2% |
| Profit (loss) for the period | 9904 | €116,011 | €12,413 | -€103,598 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,011 | €12,413 | -€103,598 | -89.3% |
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 15 October 2026 via checked.be.