QUALITY POOL: what changed
Two fiscal 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 POOL
Largest movements
- Receivables within one year -€234,552
down €234,552 (-29.4%), from €796,707 to €562,155
of which Trade receivables: -€158,389
- Cash +€119,826
up €119,826 (+244.2%), from €49,071 to €168,897
mainly Receivables within one year (+€234,552) and Depreciation (+€83,026)
- Tangible fixed assets -€78,422
down €78,422 (-11.1%), from €705,707 to €627,285
of which Furniture and vehicles: -€45,450
- Stocks and contracts +€35,016
up €35,016 (+22.1%), from €158,595 to €193,611
- Short-term financial debts -€103,703
down €103,703 (-81.4%), from €127,406 to €23,703
- Debts after one year -€79,780
down €79,780 (-27.1%), from €294,820 to €215,040
- Reserves +€63,317
up €63,317 (+13.1%), from €483,007 to €546,324
of which Distributable reserves: +€63,317
- Gross operating margin +€47,583
up €47,583 (+7.5%), from €632,137 to €679,720
- Taxes +€18,189
up €18,189 (+247.1%), from €7,360 to €25,549
- Staff costs -€11,280
down €11,280 (-2.2%), from €503,191 to €491,911
- Other operating charges -€7,751
down €7,751 (-43.2%), from €17,922 to €10,171
- Depreciation -€7,626
down €7,626 (-8.4%), from €90,652 to €83,026
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 | €1,720,566 | €1,558,036 | -€162,530 | -9.4% |
| Fixed assets | 21/28 | €706,150 | €627,285 | -€78,865 | -11.2% |
| Tangible fixed assets | 22/27 | €705,707 | €627,285 | -€78,422 | -11.1% |
| Land and buildings | 22 | €376,118 | €353,550 | -€22,568 | -6.0% |
| Plant, machinery and equipment | 23 | €21,356 | €21,301 | -€55 | -0.3% |
| Furniture and vehicles | 24 | €154,006 | €108,556 | -€45,450 | -29.5% |
| Other tangible fixed assets | 26 | €154,227 | €143,878 | -€10,349 | -6.7% |
| Financial fixed assets | 28 | €443 | - | -€443 | |
| Current assets | 29/58 | €1,014,416 | €930,751 | -€83,665 | -8.2% |
| Stocks and contracts in progress | 3 | €158,595 | €193,611 | +€35,016 | +22.1% |
| Stocks | 30/36 | €158,595 | €193,611 | +€35,016 | +22.1% |
| Amounts receivable within one year | 40/41 | €796,707 | €562,155 | -€234,552 | -29.4% |
| Trade receivables | 40 | €706,093 | €547,704 | -€158,389 | -22.4% |
| Other amounts receivable | 41 | €90,614 | €14,451 | -€76,163 | -84.1% |
| Cash at bank and in hand | 54/58 | €49,071 | €168,897 | +€119,826 | +244.2% |
| Deferred charges and accrued income | 490/1 | €10,043 | €6,088 | -€3,955 | -39.4% |
| Total equity and liabilities | 10/49 | €1,720,566 | €1,558,036 | -€162,530 | -9.4% |
| Equity | 10/15 | €903,645 | €966,962 | +€63,317 | +7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €483,007 | €546,324 | +€63,317 | +13.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €481,147 | €544,464 | +€63,317 | +13.2% |
| Profit (loss) carried forward | 14 | €408,238 | €408,238 | = | 0.0% |
| Amounts payable | 17/49 | €816,921 | €591,074 | -€225,847 | -27.6% |
| Amounts payable after more than one year | 17 | €294,820 | €215,040 | -€79,780 | -27.1% |
| Financial debts | 170/4 | €294,820 | €215,040 | -€79,780 | -27.1% |
| Amounts payable within one year | 42/48 | €520,877 | €376,034 | -€144,843 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €85,077 | €69,771 | -€15,306 | -18.0% |
| Financial debts | 43 | €127,406 | €23,703 | -€103,703 | -81.4% |
| Credit institutions | 430/8 | €127,406 | €23,703 | -€103,703 | -81.4% |
| Trade debts | 44 | €215,394 | €209,551 | -€5,843 | -2.7% |
| Suppliers | 440/4 | €215,394 | €209,551 | -€5,843 | -2.7% |
| Taxes, remuneration and social security | 45 | €64,636 | €56,936 | -€7,700 | -11.9% |
| Taxes | 450/3 | €56,237 | €44,898 | -€11,339 | -20.2% |
| Remuneration and social security | 454/9 | €8,399 | €12,038 | +€3,639 | +43.3% |
| Other amounts payable | 47/48 | €28,364 | €16,073 | -€12,291 | -43.3% |
| Accrued charges and deferred income | 492/3 | €1,224 | - | -€1,224 | |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €503,191 | €491,911 | -€11,280 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,652 | €83,026 | -€7,626 | -8.4% |
| Other operating charges | 640/8 | €17,922 | €10,171 | -€7,751 | -43.2% |
| Gross operating margin | 9900 | €632,137 | €679,720 | +€47,583 | +7.5% |
| Operating profit (loss) | 9901 | €20,372 | €94,612 | +€74,240 | +364.4% |
| Financial income | 75/76B | €4,043 | €4,353 | +€310 | +7.7% |
| Recurring financial income | 75 | €4,043 | €4,353 | +€310 | +7.7% |
| Financial charges | 65/66B | €9,752 | €10,099 | +€347 | +3.6% |
| Recurring financial charges | 65 | €9,752 | €10,099 | +€347 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €14,663 | €88,866 | +€74,203 | +506.1% |
| Income taxes | 67/77 | €7,360 | €25,549 | +€18,189 | +247.1% |
| Profit (loss) for the period | 9904 | €7,303 | €63,317 | +€56,014 | +767.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,303 | €63,317 | +€56,014 | +767.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.