QUALITY PRODUCTS: 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 PRODUCTS
Largest movements
- Tangible fixed assets -€15,636
down €15,636 (-41.2%), from €37,991 to €22,355
of which Furniture and vehicles: -€19,208
- Cash +€12,775
up €12,775 (+24.4%), from €52,375 to €65,150
mainly Other debts (+€64,170) and Net result for the year (+€21,550)
- Reserves -€66,541
down €66,541 (-43.7%), from €152,290 to €85,749
- Other debts +€64,170
up €64,170 (+326.4%), from €19,663 to €83,833
- Tax, wage and social debts +€5,821
up €5,821 (+123.4%), from €4,716 to €10,537
- Trade debts -€5,046
down €5,046 (-80.0%), from €6,304 to €1,259
- Gross operating margin -€16,876
down €16,876 (-25.2%), from €66,856 to €49,980
- Taxes -€5,220
down €5,220 (-32.0%), from €16,299 to €11,079
- Financial income +€1,914
up €1,914 (+172.6%), from €1,108 to €3,022
- Depreciation -€1,677
down €1,677 (-7.8%), from €21,596 to €19,919
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 | €201,565 | €199,970 | -€1,596 | -0.8% |
| Fixed assets | 21/28 | €37,991 | €22,355 | -€15,636 | -41.2% |
| Tangible fixed assets | 22/27 | €37,991 | €22,355 | -€15,636 | -41.2% |
| Plant, machinery and equipment | 23 | €445 | €4,018 | +€3,573 | +802.3% |
| Furniture and vehicles | 24 | €37,546 | €18,337 | -€19,208 | -51.2% |
| Current assets | 29/58 | €163,574 | €177,614 | +€14,040 | +8.6% |
| Amounts receivable within one year | 40/41 | €34,105 | €35,229 | +€1,123 | +3.3% |
| Trade receivables | 40 | €9,060 | €10,955 | +€1,896 | +20.9% |
| Other amounts receivable | 41 | €25,046 | €24,273 | -€772 | -3.1% |
| Current investments | 50/53 | €75,613 | €75,613 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,375 | €65,150 | +€12,775 | +24.4% |
| Deferred charges and accrued income | 490/1 | €1,481 | €1,622 | +€141 | +9.5% |
| Total equity and liabilities | 10/49 | €201,565 | €199,970 | -€1,596 | -0.8% |
| Equity | 10/15 | €170,882 | €104,341 | -€66,541 | -38.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €152,290 | €85,749 | -€66,541 | -43.7% |
| Distributable reserves | 133 | €152,290 | €85,749 | -€66,541 | -43.7% |
| Amounts payable | 17/49 | €30,683 | €95,628 | +€64,945 | +211.7% |
| Amounts payable within one year | 42/48 | €30,683 | €95,628 | +€64,945 | +211.7% |
| Trade debts | 44 | €6,304 | €1,259 | -€5,046 | -80.0% |
| Suppliers | 440/4 | €6,304 | €1,259 | -€5,046 | -80.0% |
| Taxes, remuneration and social security | 45 | €4,716 | €10,537 | +€5,821 | +123.4% |
| Taxes | 450/3 | €4,716 | €10,537 | +€5,821 | +123.4% |
| Other amounts payable | 47/48 | €19,663 | €83,833 | +€64,170 | +326.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,596 | €19,919 | -€1,677 | -7.8% |
| Other operating charges | 640/8 | €201 | €304 | +€103 | +51.3% |
| Gross operating margin | 9900 | €66,856 | €49,980 | -€16,876 | -25.2% |
| Operating profit (loss) | 9901 | €45,059 | €29,757 | -€15,303 | -34.0% |
| Financial income | 75/76B | €1,108 | €3,022 | +€1,914 | +172.6% |
| Recurring financial income | 75 | €1,108 | €3,022 | +€1,914 | +172.6% |
| Financial charges | 65/66B | €128 | €150 | +€23 | +17.6% |
| Recurring financial charges | 65 | €128 | €150 | +€23 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €46,040 | €32,629 | -€13,411 | -29.1% |
| Income taxes | 67/77 | €16,299 | €11,079 | -€5,220 | -32.0% |
| Profit (loss) for the period | 9904 | €29,741 | €21,550 | -€8,191 | -27.5% |
| Transfer from tax-exempt reserves | 789 | €2,869 | - | -€2,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,610 | €21,550 | -€11,060 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.