QUALITY SEEKERS: 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 SEEKERS
Largest movements
- Cash +€335,040
up €335,040 (+115%), from €292,303 to €627,343
mainly Current investments (+€250,000) and Net result for the year (+€104,735)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Tangible fixed assets -€54,425
down €54,425 (-37.1%), from €146,863 to €92,438
of which Land and buildings: -€29,000
- Receivables within one year +€26,322
up €26,322 (+17.1%), from €153,976 to €180,298
of which Trade receivables: +€13,425
- Deferred charges and accrued income -€15,658
down €15,658 (-76.7%), from €20,406 to €4,748
- Reserves +€104,735
up €104,735 (+15.9%), from €659,567 to €764,302
- Debts after one year -€33,590
no longer reported in 2025 (was €33,590)
- Advances received -€16,596
no longer reported in 2025 (was €16,596)
- Gross operating margin -€111,196
down €111,196 (-21.8%), from €509,376 to €398,180
- Taxes -€33,645
down €33,645 (-41.0%), from €81,999 to €48,354
- Staff costs -€27,339
down €27,339 (-12.6%), from €216,938 to €189,599
- Depreciation +€5,760
up €5,760 (+11.8%), from €48,665 to €54,425
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 | €864,593 | €905,873 | +€41,279 | +4.8% |
| Fixed assets | 21/28 | €147,908 | €93,483 | -€54,425 | -36.8% |
| Tangible fixed assets | 22/27 | €146,863 | €92,438 | -€54,425 | -37.1% |
| Land and buildings | 22 | €64,981 | €35,981 | -€29,000 | -44.6% |
| Plant, machinery and equipment | 23 | €23,522 | €13,175 | -€10,347 | -44.0% |
| Furniture and vehicles | 24 | €58,360 | €43,282 | -€15,078 | -25.8% |
| Financial fixed assets | 28 | €1,045 | €1,045 | = | 0.0% |
| Current assets | 29/58 | €716,685 | €812,389 | +€95,704 | +13.4% |
| Amounts receivable within one year | 40/41 | €153,976 | €180,298 | +€26,322 | +17.1% |
| Trade receivables | 40 | €80,427 | €93,852 | +€13,425 | +16.7% |
| Other amounts receivable | 41 | €73,549 | €86,446 | +€12,897 | +17.5% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €292,303 | €627,343 | +€335,040 | +115% |
| Deferred charges and accrued income | 490/1 | €20,406 | €4,748 | -€15,658 | -76.7% |
| Total equity and liabilities | 10/49 | €864,593 | €905,873 | +€41,279 | +4.8% |
| Equity | 10/15 | €678,167 | €782,902 | +€104,735 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €659,567 | €764,302 | +€104,735 | +15.9% |
| Distributable reserves | 133 | €659,567 | €764,302 | +€104,735 | +15.9% |
| Amounts payable | 17/49 | €186,427 | €122,971 | -€63,456 | -34.0% |
| Amounts payable after more than one year | 17 | €33,590 | - | -€33,590 | |
| Financial debts | 170/4 | €33,590 | - | -€33,590 | |
| Amounts payable within one year | 42/48 | €147,386 | €122,971 | -€24,415 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €32,319 | €33,590 | +€1,271 | +3.9% |
| Trade debts | 44 | €10,760 | €10,750 | -€10 | -0.1% |
| Suppliers | 440/4 | €10,760 | €10,750 | -€10 | -0.1% |
| Advances received on contracts in progress | 46 | €16,596 | - | -€16,596 | |
| Taxes, remuneration and social security | 45 | €26,954 | €19,525 | -€7,429 | -27.6% |
| Taxes | 450/3 | €3,477 | - | -€3,477 | |
| Remuneration and social security | 454/9 | €23,477 | €19,525 | -€3,952 | -16.8% |
| Other amounts payable | 47/48 | €60,757 | €59,106 | -€1,651 | -2.7% |
| Accrued charges and deferred income | 492/3 | €5,451 | - | -€5,451 | |
| Non-recurring operating income | 76A | €7,000 | - | -€7,000 | |
| Remuneration, social security and pensions | 62 | €216,938 | €189,599 | -€27,339 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,665 | €54,425 | +€5,760 | +11.8% |
| Other operating charges | 640/8 | €7,940 | €6,425 | -€1,514 | -19.1% |
| Gross operating margin | 9900 | €509,376 | €398,180 | -€111,196 | -21.8% |
| Operating profit (loss) | 9901 | €235,832 | €147,731 | -€88,102 | -37.4% |
| Financial income | 75/76B | €7,397 | €8,829 | +€1,432 | +19.4% |
| Recurring financial income | 75 | €5,982 | €8,469 | +€2,487 | +41.6% |
| Non-recurring financial income | 76B | €1,416 | €361 | -€1,055 | -74.5% |
| Financial charges | 65/66B | €6,331 | €3,471 | -€2,859 | -45.2% |
| Recurring financial charges | 65 | €4,177 | €3,471 | -€706 | -16.9% |
| Non-recurring financial charges | 66B | €2,153 | - | -€2,153 | |
| Profit (loss) for the period before taxes | 9903 | €236,899 | €153,089 | -€83,810 | -35.4% |
| Income taxes | 67/77 | €81,999 | €48,354 | -€33,645 | -41.0% |
| Profit (loss) for the period | 9904 | €154,900 | €104,735 | -€50,165 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €154,900 | €104,735 | -€50,165 | -32.4% |
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 13 October 2026 via checked.be.