QUALITY ROOFING: what changed
What changed
QUALITY ROOFING
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€136,862
2024 · €156,509-€19,647
Equity
€360,122
2024 · €340,907+€19,215
Cash
€393,295
2024 · €355,164+€38,131
Balance sheet total
€1.0m
2024 · €1.0m+€9,780
Largest movements
Assets
- Receivables within one year -€64,223
down €64,223 (-60.1%), from €106,915 to €42,692
of which Trade receivables: -€61,152
- Cash +€38,131
up €38,131 (+10.7%), from €355,164 to €393,295
mainly Net result for the year (+€136,862) and Receivables within one year (+€64,223)
- Tangible fixed assets +€18,959
up €18,959 (+3.5%), from €538,481 to €557,439
of which Furniture and vehicles: +€28,358
- Deferred charges and accrued income +€15,991
up €15,991 (+1,323%), from €1,209 to €17,200
Equity and liabilities
- Reserves +€19,215
up €19,215 (+6.0%), from €322,307 to €341,522
of which Distributable reserves: +€19,215
- Other debts -€17,513
down €17,513 (-10.5%), from €166,710 to €149,197
- Short-term financial debts +€16,846
new in 2025: €16,846
Income statement
- Gross operating margin -€20,434
down €20,434 (-5.8%), from €350,984 to €330,551
- Other operating charges +€14,775
up €14,775 (+318%), from €4,643 to €19,418
- Write-downs -€13,960
new in 2025: -€13,960
- Depreciation +€13,876
up €13,876 (+37.1%), from €37,387 to €51,264
- Taxes -€7,464
down €7,464 (-15.2%), from €49,159 to €41,695
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€156,509
Gross operating margin
-€20,434
Staff costs
+€4,167
Depreciation
-€13,876
Write-downs
+€13,960
Other operating charges
-€14,775
Financial income
-€675
Financial charges
+€4,522
Taxes
+€7,464
Result 2025
€136,862
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€211,058
Investment
-€70,347
Financing
-€102,580
Cash 2024
€355,164
From operations (derived)
+€211,058
Net result for the year
+€136,862
Depreciation
+€51,264
Stocks and contracts
-€797
Receivables within one year
+€64,223
Deferred charges and accrued income
-€15,991
Trade debts
+€3,103
Tax, wage and social debts
-€9,980
Other debts
-€17,513
Accrued charges and deferred income
-€112
Investment (derived)
-€70,347
Investment in fixed assets (net)
-€70,347
Financing
-€102,580
Debts after one year
-€728
Current portion of long-term debt
-€1,051
Short-term financial debts
+€16,846
Contributions, distributions and other
-€117,647
Cash 2025
€393,295
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,008,346 | €1,018,127 | +€9,780 | +1.0% |
| Fixed assets | 21/28 | €538,481 | €557,564 | +€19,084 | +3.5% |
| Tangible fixed assets | 22/27 | €538,481 | €557,439 | +€18,959 | +3.5% |
| Land and buildings | 22 | €471,252 | €458,799 | -€12,453 | -2.6% |
| Plant, machinery and equipment | 23 | €7,636 | €6,983 | -€653 | -8.6% |
| Furniture and vehicles | 24 | €59,332 | €87,691 | +€28,358 | +47.8% |
| Other tangible fixed assets | 26 | €261 | €3,967 | +€3,706 | +1,421% |
| Financial fixed assets | 28 | - | €125 | +€125 | |
| Current assets | 29/58 | €469,866 | €460,562 | -€9,303 | -2.0% |
| Stocks and contracts in progress | 3 | €6,578 | €7,376 | +€797 | +12.1% |
| Stocks | 30/36 | €6,578 | €7,376 | +€797 | +12.1% |
| Amounts receivable within one year | 40/41 | €106,915 | €42,692 | -€64,223 | -60.1% |
| Trade receivables | 40 | €82,420 | €21,268 | -€61,152 | -74.2% |
| Other amounts receivable | 41 | €24,494 | €21,424 | -€3,071 | -12.5% |
| Cash at bank and in hand | 54/58 | €355,164 | €393,295 | +€38,131 | +10.7% |
| Deferred charges and accrued income | 490/1 | €1,209 | €17,200 | +€15,991 | +1,323% |
| Total equity and liabilities | 10/49 | €1,008,346 | €1,018,127 | +€9,780 | +1.0% |
| Equity | 10/15 | €340,907 | €360,122 | +€19,215 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €322,307 | €341,522 | +€19,215 | +6.0% |
| Tax-exempt reserves | 132 | €32,500 | €32,500 | = | 0.0% |
| Distributable reserves | 133 | €289,807 | €309,022 | +€19,215 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €667,439 | €658,005 | -€9,434 | -1.4% |
| Amounts payable after more than one year | 17 | €360,691 | €359,963 | -€728 | -0.2% |
| Financial debts | 170/4 | €360,691 | €359,963 | -€728 | -0.2% |
| Amounts payable within one year | 42/48 | €306,635 | €298,042 | -€8,594 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €53,042 | €51,990 | -€1,051 | -2.0% |
| Financial debts | 43 | - | €16,846 | +€16,846 | |
| Credit institutions | 430/8 | - | €16,846 | +€16,846 | |
| Trade debts | 44 | €65,220 | €68,323 | +€3,103 | +4.8% |
| Suppliers | 440/4 | €65,220 | €68,323 | +€3,103 | +4.8% |
| Taxes, remuneration and social security | 45 | €21,664 | €11,684 | -€9,980 | -46.1% |
| Taxes | 450/3 | €19,378 | €10,191 | -€9,187 | -47.4% |
| Remuneration and social security | 454/9 | €2,286 | €1,494 | -€792 | -34.7% |
| Other amounts payable | 47/48 | €166,710 | €149,197 | -€17,513 | -10.5% |
| Accrued charges and deferred income | 492/3 | €112 | €0 | -€112 | -100% |
| Non-recurring operating income | 76A | €500 | €2,800 | +€2,300 | +460% |
| Remuneration, social security and pensions | 62 | €89,998 | €85,832 | -€4,167 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,387 | €51,264 | +€13,876 | +37.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€13,960 | -€13,960 | |
| Other operating charges | 640/8 | €4,643 | €19,418 | +€14,775 | +318% |
| Gross operating margin | 9900 | €350,984 | €330,551 | -€20,434 | -5.8% |
| Operating profit (loss) | 9901 | €218,956 | €187,998 | -€30,958 | -14.1% |
| Financial income | 75/76B | €7,702 | €7,027 | -€675 | -8.8% |
| Recurring financial income | 75 | €7,702 | €7,027 | -€675 | -8.8% |
| Financial charges | 65/66B | €20,990 | €16,468 | -€4,522 | -21.5% |
| Recurring financial charges | 65 | €20,990 | €16,468 | -€4,522 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €205,668 | €178,557 | -€27,111 | -13.2% |
| Income taxes | 67/77 | €49,159 | €41,695 | -€7,464 | -15.2% |
| Profit (loss) for the period | 9904 | €156,509 | €136,862 | -€19,647 | -12.6% |
| Transfer from tax-exempt reserves | 789 | €63,150 | €0 | -€63,150 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €219,659 | €136,862 | -€82,797 | -37.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.