Quality Investo: what changed
What changed
Quality Investo
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€26,724
2024 · €133,629-€106,905
Equity
€593,070
2024 · €566,346+€26,724
Cash
€51,613
2024 · €48,207+€3,405
Balance sheet total
€1.7m
2024 · €1.8m-€61,388
Largest movements
Assets
- Tangible fixed assets -€65,439
down €65,439 (-3.8%), from €1.7m to €1.7m
of which Land and buildings: -€75,614
Equity and liabilities
- Debts after one year -€71,369
down €71,369 (-6.5%), from €1.1m to €1.0m
- Reserves +€26,724
up €26,724 (+4.8%), from €553,946 to €580,670
of which Distributable reserves: +€30,468
- Advances received -€19,360
no longer reported in 2025 (was €19,360)
Income statement
- Gross operating margin -€104,257
down €104,257 (-39.8%), from €262,075 to €157,818
- Depreciation +€28,171
up €28,171 (+56.2%), from €50,082 to €78,253
- Taxes +€4,110
up €4,110 (+102%), from €4,032 to €8,142
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€133,629
Gross operating margin
-€104,257
Depreciation
-€28,171
Other operating charges
-€1,153
Financial income
+€430
Financial charges
-€631
Taxes
-€4,110
Deferred taxes and other
+€30,985
Result 2025
€26,724
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€88,092
Investment
-€12,813
Financing
-€71,873
Cash 2024
€48,207
From operations (derived)
+€88,092
Net result for the year
+€26,724
Depreciation
+€78,253
Receivables within one year
+€2,440
Deferred charges and accrued income
-€3,086
Provisions
-€936
Trade debts
-€175
Tax, wage and social debts
+€1,434
Advances received
-€19,360
Other debts
+€2,798
Investment (derived)
-€12,813
Investment in fixed assets (net)
-€12,813
Financing
-€71,873
Debts after one year
-€71,369
Current portion of long-term debt
-€505
Cash 2025
€51,613
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,807,849 | €1,746,461 | -€61,388 | -3.4% |
| Fixed assets | 21/28 | €1,743,331 | €1,677,892 | -€65,439 | -3.8% |
| Tangible fixed assets | 22/27 | €1,743,331 | €1,677,892 | -€65,439 | -3.8% |
| Land and buildings | 22 | €1,738,850 | €1,663,236 | -€75,614 | -4.3% |
| Plant, machinery and equipment | 23 | €3,250 | €2,250 | -€1,000 | -30.8% |
| Furniture and vehicles | 24 | €1,231 | €12,406 | +€11,175 | +908% |
| Current assets | 29/58 | €64,517 | €68,569 | +€4,051 | +6.3% |
| Amounts receivable within one year | 40/41 | €11,088 | €8,648 | -€2,440 | -22.0% |
| Trade receivables | 40 | €2,890 | €3,615 | +€725 | +25.1% |
| Other amounts receivable | 41 | €8,198 | €5,033 | -€3,165 | -38.6% |
| Cash at bank and in hand | 54/58 | €48,207 | €51,613 | +€3,405 | +7.1% |
| Deferred charges and accrued income | 490/1 | €5,222 | €8,308 | +€3,086 | +59.1% |
| Total equity and liabilities | 10/49 | €1,807,849 | €1,746,461 | -€61,388 | -3.4% |
| Equity | 10/15 | €566,346 | €593,070 | +€26,724 | +4.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €553,946 | €580,670 | +€26,724 | +4.8% |
| Non-distributable reserves | 130/1 | €152 | €152 | = | 0.0% |
| Reserves not available under the articles | 1311 | €152 | €152 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,197 | €116,453 | -€3,744 | -3.1% |
| Distributable reserves | 133 | €433,596 | €464,064 | +€30,468 | +7.0% |
| Provisions and deferred taxes | 16 | €30,049 | €29,113 | -€936 | -3.1% |
| Deferred taxes | 168 | €30,049 | €29,113 | -€936 | -3.1% |
| Amounts payable | 17/49 | €1,211,453 | €1,124,278 | -€87,175 | -7.2% |
| Amounts payable after more than one year | 17 | €1,095,266 | €1,023,898 | -€71,369 | -6.5% |
| Financial debts | 170/4 | €1,095,266 | €1,023,898 | -€71,369 | -6.5% |
| Amounts payable within one year | 42/48 | €114,892 | €99,085 | -€15,807 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €71,873 | €71,369 | -€505 | -0.7% |
| Trade debts | 44 | €2,926 | €2,751 | -€175 | -6.0% |
| Suppliers | 440/4 | €2,926 | €2,751 | -€175 | -6.0% |
| Advances received on contracts in progress | 46 | €19,360 | - | -€19,360 | |
| Taxes, remuneration and social security | 45 | €3,764 | €5,199 | +€1,434 | +38.1% |
| Taxes | 450/3 | €3,764 | €5,199 | +€1,434 | +38.1% |
| Other amounts payable | 47/48 | €16,968 | €19,766 | +€2,798 | +16.5% |
| Accrued charges and deferred income | 492/3 | €1,295 | €1,295 | = | 0.0% |
| Non-recurring operating income | 76A | €155,998 | €2,389 | -€153,609 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,082 | €78,253 | +€28,171 | +56.2% |
| Other operating charges | 640/8 | €5,257 | €6,410 | +€1,153 | +21.9% |
| Gross operating margin | 9900 | €262,075 | €157,818 | -€104,257 | -39.8% |
| Operating profit (loss) | 9901 | €206,736 | €73,155 | -€133,581 | -64.6% |
| Financial income | 75/76B | €146 | €576 | +€430 | +296% |
| Recurring financial income | 75 | €146 | €576 | +€430 | +296% |
| Financial charges | 65/66B | €39,171 | €39,802 | +€631 | +1.6% |
| Recurring financial charges | 65 | €39,171 | €39,802 | +€631 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €167,711 | €33,930 | -€133,781 | -79.8% |
| Transfer from deferred taxes | 780 | €1,150 | €936 | -€214 | -18.6% |
| Transfer to deferred taxes | 680 | €31,200 | - | -€31,200 | |
| Income taxes | 67/77 | €4,032 | €8,142 | +€4,110 | +102% |
| Profit (loss) for the period | 9904 | €133,629 | €26,724 | -€106,905 | -80.0% |
| Transfer from tax-exempt reserves | 789 | €4,601 | €3,744 | -€857 | -18.6% |
| Transfer to tax-exempt reserves | 689 | €124,798 | - | -€124,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,431 | €30,468 | +€17,036 | +127% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.