QUALITY LIFE: 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 LIFE
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-86.3%), from €1.4m to €188,105
- Cash +€212,496
up €212,496 (+808%), from €26,310 to €238,805
mainly Investment in fixed assets (net) (+€1.2m) and Depreciation (+€81,872)
- Receivables within one year +€150,808
up €150,808 (+831%), from €18,143 to €168,950
of which Other amounts receivable: +€120,558
- Tangible fixed assets -€82,335
down €82,335 (-10.7%), from €769,329 to €686,994
of which Land and buildings: -€74,948
- Reserves -€836,867
down €836,867 (-60.3%), from €1.4m to €550,079
of which Distributable reserves: -€836,867
- Other debts -€33,457
down €33,457 (-15.3%), from €218,865 to €185,408
- Financial charges +€764,795
up €764,795 (+6,325%), from €12,091 to €776,886
of which Non-recurring financial charges: +€750,758
- Gross operating margin +€108,858
up €108,858 (+60.7%), from €179,443 to €288,301
- Depreciation +€47,923
up €47,923 (+141%), from €33,949 to €81,872
- Taxes +€24,918
up €24,918 (+114%), from €21,764 to €46,682
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 | €2,188,979 | €1,303,269 | -€885,710 | -40.5% |
| Fixed assets | 21/28 | €2,144,329 | €875,099 | -€1.3m | -59.2% |
| Tangible fixed assets | 22/27 | €769,329 | €686,994 | -€82,335 | -10.7% |
| Land and buildings | 22 | €745,673 | €670,726 | -€74,948 | -10.1% |
| Furniture and vehicles | 24 | €7,472 | €2,748 | -€4,724 | -63.2% |
| Other tangible fixed assets | 26 | €16,184 | €13,520 | -€2,663 | -16.5% |
| Financial fixed assets | 28 | €1,375,000 | €188,105 | -€1.2m | -86.3% |
| Current assets | 29/58 | €44,650 | €428,170 | +€383,520 | +859% |
| Amounts receivable within one year | 40/41 | €18,143 | €168,950 | +€150,808 | +831% |
| Trade receivables | 40 | €16,653 | €46,903 | +€30,250 | +182% |
| Other amounts receivable | 41 | €1,490 | €122,048 | +€120,558 | +8,090% |
| Current investments | 50/53 | - | €20,262 | +€20,262 | |
| Cash at bank and in hand | 54/58 | €26,310 | €238,805 | +€212,496 | +808% |
| Deferred charges and accrued income | 490/1 | €198 | €153 | -€45 | -22.6% |
| Total equity and liabilities | 10/49 | €2,188,979 | €1,303,269 | -€885,710 | -40.5% |
| Equity | 10/15 | €1,393,147 | €556,279 | -€836,867 | -60.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,386,947 | €550,079 | -€836,867 | -60.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €159 | €159 | = | 0.0% |
| Distributable reserves | 133 | €1,384,928 | €548,060 | -€836,867 | -60.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €795,832 | €746,990 | -€48,843 | -6.1% |
| Amounts payable after more than one year | 17 | €471,829 | €460,754 | -€11,075 | -2.3% |
| Financial debts | 170/4 | €471,829 | €460,754 | -€11,075 | -2.3% |
| Amounts payable within one year | 42/48 | €324,003 | €276,147 | -€47,856 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €74,491 | €59,080 | -€15,411 | -20.7% |
| Financial debts | 43 | - | €16,074 | +€16,074 | |
| Credit institutions | 430/8 | - | €1,643 | +€1,643 | |
| Other loans | 439 | - | €14,431 | +€14,431 | |
| Trade debts | 44 | €9,450 | €87 | -€9,363 | -99.1% |
| Suppliers | 440/4 | €9,450 | €87 | -€9,363 | -99.1% |
| Advances received on contracts in progress | 46 | €13,823 | €0 | -€13,823 | -100% |
| Taxes, remuneration and social security | 45 | €7,374 | €15,499 | +€8,124 | +110% |
| Taxes | 450/3 | €7,374 | €15,499 | +€8,124 | +110% |
| Other amounts payable | 47/48 | €218,865 | €185,408 | -€33,457 | -15.3% |
| Accrued charges and deferred income | 492/3 | - | €10,089 | +€10,089 | |
| Non-recurring operating income | 76A | €0 | €93,546 | +€93,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,949 | €81,872 | +€47,923 | +141% |
| Other operating charges | 640/8 | €4,938 | €4,402 | -€535 | -10.8% |
| Non-recurring operating charges | 66A | €13,797 | €0 | -€13,797 | -100% |
| Gross operating margin | 9900 | €179,443 | €288,301 | +€108,858 | +60.7% |
| Operating profit (loss) | 9901 | €126,760 | €202,027 | +€75,267 | +59.4% |
| Financial income | 75/76B | €23 | €1,072 | +€1,049 | +4,619% |
| Recurring financial income | 75 | €23 | €1,072 | +€1,049 | +4,619% |
| Financial charges | 65/66B | €12,091 | €776,886 | +€764,795 | +6,325% |
| Recurring financial charges | 65 | €12,091 | €26,128 | +€14,037 | +116% |
| Non-recurring financial charges | 66B | - | €750,758 | +€750,758 | |
| Profit (loss) for the period before taxes | 9903 | €114,691 | -€573,787 | -€688,478 | |
| Income taxes | 67/77 | €21,764 | €46,682 | +€24,918 | +114% |
| Profit (loss) for the period | 9904 | €92,927 | -€620,469 | -€713,396 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,927 | -€620,469 | -€713,396 |
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 18 October 2026 via checked.be.