QUALITY PRODUCTION: 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 PRODUCTION
Largest movements
- Receivables within one year +€592,202
up €592,202 (+82.3%), from €719,877 to €1.3m
of which Trade receivables: +€489,715
- Stocks and contracts +€114,238
up €114,238 (+53.5%), from €213,669 to €327,907
- Tangible fixed assets -€36,326
down €36,326 (-14.9%), from €243,454 to €207,128
of which Plant, machinery and equipment: -€36,123
- Trade debts +€901,821
up €901,821 (+2397.8%), from €37,611 to €939,432
- Other debts -€90,000
down €90,000 (-61.6%), from €146,000 to €56,000
- Tax, wage and social debts -€79,192
down €79,192 (-36.1%), from €219,625 to €140,432
of which Remuneration and social security: -€67,548
- Accrued charges and deferred income -€47,987
down €47,987 (-76.8%), from €62,507 to €14,520
- Staff costs +€67,775
up €67,775 (+4.3%), from €1.6m to €1.6m
- Taxes -€32,568
down €32,568 (-57.1%), from €57,000 to €24,432
- Write-downs +€26,433
up €26,433 (+578.0%), from €4,573 to €31,006
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 | €1,333,249 | €2,018,635 | +€685,386 | +51.4% |
| Fixed assets | 21/28 | €243,455 | €220,129 | -€23,326 | -9.6% |
| Intangible fixed assets | 21 | €1 | €13,001 | +€13,000 | +1300000.0% |
| Tangible fixed assets | 22/27 | €243,454 | €207,128 | -€36,326 | -14.9% |
| Plant, machinery and equipment | 23 | €100,554 | €64,431 | -€36,123 | -35.9% |
| Furniture and vehicles | 24 | €474 | - | -€474 | |
| Other tangible fixed assets | 26 | €142,426 | €142,697 | +€271 | +0.2% |
| Current assets | 29/58 | €1,089,794 | €1,798,506 | +€708,712 | +65.0% |
| Stocks and contracts in progress | 3 | €213,669 | €327,907 | +€114,238 | +53.5% |
| Stocks | 30/36 | €213,669 | €327,907 | +€114,238 | +53.5% |
| Amounts receivable within one year | 40/41 | €719,877 | €1,312,079 | +€592,202 | +82.3% |
| Trade receivables | 40 | €660,445 | €1,150,160 | +€489,715 | +74.1% |
| Other amounts receivable | 41 | €59,432 | €161,919 | +€102,486 | +172.4% |
| Cash at bank and in hand | 54/58 | €153,645 | €157,973 | +€4,328 | +2.8% |
| Deferred charges and accrued income | 490/1 | €2,602 | €547 | -€2,056 | -79.0% |
| Total equity and liabilities | 10/49 | €1,333,249 | €2,018,635 | +€685,386 | +51.4% |
| Equity | 10/15 | €867,506 | €868,250 | +€744 | +0.1% |
| Contributions | 10/11 | €12,808 | €12,808 | = | 0.0% |
| Reserves | 13 | €854,698 | €855,442 | +€744 | +0.1% |
| Non-distributable reserves | 130/1 | €2,430 | €2,430 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,430 | €2,430 | = | 0.0% |
| Distributable reserves | 133 | €852,268 | €853,012 | +€744 | +0.1% |
| Amounts payable | 17/49 | €465,742 | €1,150,384 | +€684,642 | +147.0% |
| Amounts payable within one year | 42/48 | €403,236 | €1,135,864 | +€732,629 | +181.7% |
| Trade debts | 44 | €37,611 | €939,432 | +€901,821 | +2397.8% |
| Suppliers | 440/4 | €37,611 | €939,432 | +€901,821 | +2397.8% |
| Taxes, remuneration and social security | 45 | €219,625 | €140,432 | -€79,192 | -36.1% |
| Taxes | 450/3 | €11,644 | - | -€11,644 | |
| Remuneration and social security | 454/9 | €207,980 | €140,432 | -€67,548 | -32.5% |
| Other amounts payable | 47/48 | €146,000 | €56,000 | -€90,000 | -61.6% |
| Accrued charges and deferred income | 492/3 | €62,507 | €14,520 | -€47,987 | -76.8% |
| Remuneration, social security and pensions | 62 | €1,567,036 | €1,634,810 | +€67,775 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,599 | €48,640 | +€10,041 | +26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,573 | €31,006 | +€26,433 | +578.0% |
| Other operating charges | 640/8 | €1,915 | €2,640 | +€725 | +37.9% |
| Gross operating margin | 9900 | €1,817,553 | €1,802,160 | -€15,394 | -0.8% |
| Operating profit (loss) | 9901 | €205,431 | €85,064 | -€120,367 | -58.6% |
| Financial income | 75/76B | €66 | €112 | +€46 | +69.0% |
| Recurring financial income | 75 | €66 | €112 | +€46 | +69.0% |
| Financial charges | 65/66B | €2,448 | €3,999 | +€1,552 | +63.4% |
| Recurring financial charges | 65 | €2,448 | €3,999 | +€1,552 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €203,049 | €81,176 | -€121,873 | -60.0% |
| Income taxes | 67/77 | €57,000 | €24,432 | -€32,568 | -57.1% |
| Profit (loss) for the period | 9904 | €146,049 | €56,744 | -€89,305 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,049 | €56,744 | -€89,305 | -61.1% |
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 12 October 2026 via checked.be.