QUALITY MANAGEMENT & AUDITING: 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 MANAGEMENT & AUDITING
Largest movements
- Intangible fixed assets -€46,882
down €46,882 (-16.7%), from €281,291 to €234,409
- Receivables within one year +€32,070
up €32,070 (+15.6%), from €205,628 to €237,698
of which Trade receivables: +€19,703
- Tangible fixed assets -€17,425
down €17,425 (-24.0%), from €72,649 to €55,224
of which Leasing and similar rights: -€12,341
- Cash +€14,223
up €14,223 (+162%), from €8,774 to €22,997
mainly Depreciation (+€64,307) and Net result for the year (+€34,257)
- Debts after one year -€12,930
down €12,930 (-26.0%), from €49,657 to €36,727
- Short-term financial debts -€6,576
down €6,576 (-54.5%), from €12,073 to €5,496
of which Credit institutions: -€7,858
- Gross operating margin +€25,708
up €25,708 (+24.9%), from €103,242 to €128,950
- Depreciation +€8,653
up €8,653 (+15.5%), from €55,654 to €64,307
- Taxes +€6,046
up €6,046 (+29.2%), from €20,709 to €26,755
- Financial charges -€3,455
down €3,455 (-54.4%), from €6,351 to €2,896
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 | €569,594 | €551,688 | -€17,906 | -3.1% |
| Fixed assets | 21/28 | €353,940 | €289,633 | -€64,307 | -18.2% |
| Intangible fixed assets | 21 | €281,291 | €234,409 | -€46,882 | -16.7% |
| Tangible fixed assets | 22/27 | €72,649 | €55,224 | -€17,425 | -24.0% |
| Plant, machinery and equipment | 23 | €1,365 | €564 | -€800 | -58.7% |
| Furniture and vehicles | 24 | €3,482 | €2,295 | -€1,187 | -34.1% |
| Leasing and similar rights | 25 | €62,839 | €50,499 | -€12,341 | -19.6% |
| Other tangible fixed assets | 26 | €4,964 | €1,867 | -€3,097 | -62.4% |
| Current assets | 29/58 | €215,654 | €262,055 | +€46,401 | +21.5% |
| Amounts receivable within one year | 40/41 | €205,628 | €237,698 | +€32,070 | +15.6% |
| Trade receivables | 40 | €37,682 | €57,386 | +€19,703 | +52.3% |
| Other amounts receivable | 41 | €167,946 | €180,313 | +€12,366 | +7.4% |
| Cash at bank and in hand | 54/58 | €8,774 | €22,997 | +€14,223 | +162% |
| Deferred charges and accrued income | 490/1 | €1,252 | €1,360 | +€108 | +8.6% |
| Total equity and liabilities | 10/49 | €569,594 | €551,688 | -€17,906 | -3.1% |
| Equity | 10/15 | €335,164 | €336,241 | +€1,077 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,573 | €319,649 | +€1,077 | +0.3% |
| Tax-exempt reserves | 132 | €3,926 | €3,926 | = | 0.0% |
| Distributable reserves | 133 | €314,647 | €315,723 | +€1,077 | +0.3% |
| Profit (loss) carried forward | 14 | -€2,009 | -€2,009 | = | 0.0% |
| Provisions and deferred taxes | 16 | €120,000 | €120,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €120,000 | €120,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €120,000 | €120,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €114,430 | €95,447 | -€18,983 | -16.6% |
| Amounts payable after more than one year | 17 | €49,657 | €36,727 | -€12,930 | -26.0% |
| Financial debts | 170/4 | €49,657 | €36,727 | -€12,930 | -26.0% |
| Amounts payable within one year | 42/48 | €64,638 | €58,682 | -€5,956 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €12,494 | €12,930 | +€436 | +3.5% |
| Financial debts | 43 | €12,073 | €5,496 | -€6,576 | -54.5% |
| Credit institutions | 430/8 | €7,858 | €0 | -€7,858 | -100% |
| Other loans | 439 | €4,215 | €5,496 | +€1,281 | +30.4% |
| Trade debts | 44 | €19,016 | €18,350 | -€666 | -3.5% |
| Suppliers | 440/4 | €19,016 | €18,350 | -€666 | -3.5% |
| Taxes, remuneration and social security | 45 | €21,055 | €21,905 | +€850 | +4.0% |
| Taxes | 450/3 | €21,055 | €21,905 | +€850 | +4.0% |
| Accrued charges and deferred income | 492/3 | €134 | €37 | -€97 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,654 | €64,307 | +€8,653 | +15.5% |
| Other operating charges | 640/8 | €734 | €737 | +€3 | +0.4% |
| Non-recurring operating charges | 66A | €266 | €0 | -€266 | -100% |
| Gross operating margin | 9900 | €103,242 | €128,950 | +€25,708 | +24.9% |
| Operating profit (loss) | 9901 | €46,588 | €63,906 | +€17,319 | +37.2% |
| Financial income | 75/76B | €8 | €0 | -€7 | -94.8% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -94.8% |
| Financial charges | 65/66B | €6,351 | €2,896 | -€3,455 | -54.4% |
| Recurring financial charges | 65 | €6,351 | €2,896 | -€3,455 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €40,245 | €61,011 | +€20,767 | +51.6% |
| Income taxes | 67/77 | €20,709 | €26,755 | +€6,046 | +29.2% |
| Profit (loss) for the period | 9904 | €19,536 | €34,257 | +€14,721 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,536 | €34,257 | +€14,721 | +75.4% |
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.