Quality renovations and development: 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 renovations and development
Largest movements
- Receivables within one year +€111,538
up €111,538 (+11.2%), from €994,729 to €1.1m
of which Trade receivables: +€787,860
- Tangible fixed assets -€12,111
down €12,111 (-41.9%), from €28,878 to €16,767
of which Furniture and vehicles: -€10,372
- Trade debts +€275,890
up €275,890 (+898%), from €30,719 to €306,610
- Other debts -€192,001
down €192,001 (-21.1%), from €910,508 to €718,507
- Gross operating margin -€10,652
down €10,652 (-40.0%), from €26,656 to €16,004
- Financial income -€3,633
down €3,633 (-26.0%), from €13,957 to €10,323
- Taxes -€1,063
down €1,063 (-20.6%), from €5,166 to €4,104
- Other operating charges -€731
down €731 (-27.1%), from €2,695 to €1,963
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 | €1,044,758 | €1,124,835 | +€80,078 | +7.7% |
| Fixed assets | 21/28 | €28,878 | €16,767 | -€12,111 | -41.9% |
| Tangible fixed assets | 22/27 | €28,878 | €16,767 | -€12,111 | -41.9% |
| Plant, machinery and equipment | 23 | €5,187 | €3,448 | -€1,739 | -33.5% |
| Furniture and vehicles | 24 | €23,691 | €13,319 | -€10,372 | -43.8% |
| Current assets | 29/58 | €1,015,880 | €1,108,068 | +€92,188 | +9.1% |
| Amounts receivable within one year | 40/41 | €994,729 | €1,106,266 | +€111,538 | +11.2% |
| Trade receivables | 40 | €44,114 | €831,974 | +€787,860 | +1,786% |
| Other amounts receivable | 41 | €950,615 | €274,292 | -€676,322 | -71.1% |
| Cash at bank and in hand | 54/58 | €11,239 | €102 | -€11,136 | -99.1% |
| Deferred charges and accrued income | 490/1 | €9,912 | €1,699 | -€8,213 | -82.9% |
| Total equity and liabilities | 10/49 | €1,044,758 | €1,124,835 | +€80,078 | +7.7% |
| Equity | 10/15 | €69,857 | €75,053 | +€5,196 | +7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,857 | €55,053 | +€5,196 | +10.4% |
| Amounts payable | 17/49 | €974,900 | €1,049,782 | +€74,882 | +7.7% |
| Amounts payable after more than one year | 17 | €12,750 | €6,000 | -€6,750 | -52.9% |
| Financial debts | 170/4 | €12,750 | €6,000 | -€6,750 | -52.9% |
| Amounts payable within one year | 42/48 | €962,150 | €1,043,782 | +€81,632 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €13,500 | +€4,500 | +50.0% |
| Trade debts | 44 | €30,719 | €306,610 | +€275,890 | +898% |
| Suppliers | 440/4 | €30,719 | €306,610 | +€275,890 | +898% |
| Taxes, remuneration and social security | 45 | €11,923 | €5,166 | -€6,757 | -56.7% |
| Taxes | 450/3 | €11,923 | €5,166 | -€6,757 | -56.7% |
| Other amounts payable | 47/48 | €910,508 | €718,507 | -€192,001 | -21.1% |
| Remuneration, social security and pensions | 62 | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,249 | €12,144 | -€105 | -0.9% |
| Other operating charges | 640/8 | €2,695 | €1,963 | -€731 | -27.1% |
| Gross operating margin | 9900 | €26,656 | €16,004 | -€10,652 | -40.0% |
| Operating profit (loss) | 9901 | €11,712 | €1,883 | -€9,829 | -83.9% |
| Financial income | 75/76B | €13,957 | €10,323 | -€3,633 | -26.0% |
| Recurring financial income | 75 | €13,957 | €10,323 | -€3,633 | -26.0% |
| Financial charges | 65/66B | €2,829 | €2,907 | +€78 | +2.8% |
| Recurring financial charges | 65 | €2,829 | €2,907 | +€78 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €22,840 | €9,299 | -€13,540 | -59.3% |
| Income taxes | 67/77 | €5,166 | €4,104 | -€1,063 | -20.6% |
| Profit (loss) for the period | 9904 | €17,674 | €5,196 | -€12,478 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,674 | €5,196 | -€12,478 | -70.6% |
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 21 October 2026 via checked.be.