Quality Royal Interim: 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 Royal Interim
Largest movements
- Receivables within one year +€521,618
up €521,618 (+50.3%), from €1.0m to €1.6m
of which Other amounts receivable: +€366,185
- Cash -€211,079
down €211,079 (-24.2%), from €872,403 to €661,324
mainly Contributions, distributions and other (-€800,000) and Receivables within one year (-€521,618)
- Tangible fixed assets -€167,783
down €167,783 (-74.2%), from €226,103 to €58,320
- Trade debts +€425,925
up €425,925 (+697%), from €61,101 to €487,026
- Accrued charges and deferred income -€150,312
down €150,312 (-100%), from €150,312 to €0
- Profit (loss) carried forward -€102,977
down €102,977 (-12.4%), from €828,825 to €725,848
- Tax, wage and social debts -€52,435
down €52,435 (-4.3%), from €1.2m to €1.2m
of which Taxes: -€98,193
- Gross operating margin +€1.4m
up €1.4m (+19.9%), from €6.9m to €8.3m
- Staff costs +€967,910
up €967,910 (+15.4%), from €6.3m to €7.3m
- Taxes +€106,567
up €106,567 (+66.8%), from €159,547 to €266,115
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 | €2,282,386 | €2,402,586 | +€120,200 | +5.3% |
| Fixed assets | 21/28 | €332,168 | €164,385 | -€167,783 | -50.5% |
| Tangible fixed assets | 22/27 | €226,103 | €58,320 | -€167,783 | -74.2% |
| Furniture and vehicles | 24 | €226,103 | €58,320 | -€167,783 | -74.2% |
| Financial fixed assets | 28 | €106,065 | €106,065 | = | 0.0% |
| Current assets | 29/58 | €1,950,218 | €2,238,201 | +€287,983 | +14.8% |
| Amounts receivable within one year | 40/41 | €1,037,231 | €1,558,849 | +€521,618 | +50.3% |
| Trade receivables | 40 | €1,035,193 | €1,190,626 | +€155,433 | +15.0% |
| Other amounts receivable | 41 | €2,038 | €368,223 | +€366,185 | +17,969% |
| Cash at bank and in hand | 54/58 | €872,403 | €661,324 | -€211,079 | -24.2% |
| Deferred charges and accrued income | 490/1 | €40,584 | €18,028 | -€22,556 | -55.6% |
| Total equity and liabilities | 10/49 | €2,282,386 | €2,402,586 | +€120,200 | +5.3% |
| Equity | 10/15 | €847,375 | €744,398 | -€102,977 | -12.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €828,825 | €725,848 | -€102,977 | -12.4% |
| Amounts payable | 17/49 | €1,435,010 | €1,658,188 | +€223,177 | +15.6% |
| Amounts payable within one year | 42/48 | €1,284,698 | €1,658,188 | +€373,490 | +29.1% |
| Trade debts | 44 | €61,101 | €487,026 | +€425,925 | +697% |
| Suppliers | 440/4 | €61,101 | €487,026 | +€425,925 | +697% |
| Taxes, remuneration and social security | 45 | €1,223,597 | €1,171,161 | -€52,435 | -4.3% |
| Taxes | 450/3 | €311,202 | €213,010 | -€98,193 | -31.6% |
| Remuneration and social security | 454/9 | €912,394 | €958,152 | +€45,757 | +5.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €150,312 | €0 | -€150,312 | -100% |
| Non-recurring operating income | 76A | €39,194 | €0 | -€39,194 | -100% |
| Remuneration, social security and pensions | 62 | €6,294,268 | €7,262,178 | +€967,910 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,608 | €77,475 | -€31,133 | -28.7% |
| Other operating charges | 640/8 | €30,317 | €18,250 | -€12,067 | -39.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €6,939,565 | €8,321,768 | +€1.4m | +19.9% |
| Operating profit (loss) | 9901 | €506,372 | €963,865 | +€457,493 | +90.3% |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €46,973 | €735 | -€46,238 | -98.4% |
| Recurring financial charges | 65 | €46,973 | €735 | -€46,238 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €459,398 | €963,138 | +€503,739 | +110% |
| Income taxes | 67/77 | €159,547 | €266,115 | +€106,567 | +66.8% |
| Profit (loss) for the period | 9904 | €299,851 | €697,023 | +€397,172 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €299,851 | €697,023 | +€397,172 | +132% |
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.