QUALITY SELECT CARS: what changed
What changed
QUALITY SELECT CARS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€287
2024 · €50,050-€50,337
Equity
€635,819
2024 · €636,106-€287
Cash
€213,993
2024 · €115,594+€98,398
Balance sheet total
€1.9m
2024 · €1.7m+€251,888
Largest movements
Assets
- Tangible fixed assets +€132,448
up €132,448 (+27.4%), from €483,594 to €616,042
of which Land and buildings: +€134,181
- Receivables within one year +€132,153
up €132,153 (+2,199%), from €6,009 to €138,162
of which Trade receivables: +€132,162
- Stocks and contracts -€111,112
down €111,112 (-10.6%), from €1.0m to €935,707
- Cash +€98,398
up €98,398 (+85.1%), from €115,594 to €213,993
mainly Trade debts (+€122,845) and Stocks and contracts (+€111,112)
Equity and liabilities
- Trade debts +€122,845
up €122,845 (+62.2%), from €197,569 to €320,414
- Other debts +€77,567
up €77,567 (+24.0%), from €323,623 to €401,190
Income statement
- Depreciation +€37,638
up €37,638 (+130%), from €28,984 to €66,622
- Taxes -€18,319
down €18,319 (-93.7%), from €19,552 to €1,233
- Financial charges +€16,186
up €16,186 (+89.2%), from €18,149 to €34,335
- Other operating charges +€2,759
up €2,759 (+42.4%), from €6,508 to €9,267
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
€50,050
Gross operating margin
+€819
Depreciation
-€37,638
Other operating charges
-€2,759
Other operating items
-€12,550
Financial income
-€342
Financial charges
-€16,186
Taxes
+€18,319
Result 2025
-€287
raises the resultlowers the resultnot broken down further in the accounts
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
+€276,690
Investment
-€199,070
Financing
+€20,778
Cash 2024
€115,594
From operations (derived)
+€276,690
Net result for the year
-€287
Depreciation
+€66,622
Stocks and contracts
+€111,112
Receivables within one year
-€132,153
Trade debts
+€122,845
Tax, wage and social debts
+€14,317
Other debts
+€77,567
Accrued charges and deferred income
+€16,667
Investment (derived)
-€199,070
Investment in fixed assets (net)
-€199,070
Financing
+€20,778
Debts after one year
+€15,893
Current portion of long-term debt
+€4,885
Cash 2025
€213,993
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,656,997 | €1,908,884 | +€251,888 | +15.2% |
| Fixed assets | 21/28 | €488,574 | €621,022 | +€132,448 | +27.1% |
| Tangible fixed assets | 22/27 | €483,594 | €616,042 | +€132,448 | +27.4% |
| Land and buildings | 22 | €439,750 | €573,930 | +€134,181 | +30.5% |
| Furniture and vehicles | 24 | €33,369 | €24,122 | -€9,246 | -27.7% |
| Leasing and similar rights | 25 | €10,476 | €17,990 | +€7,514 | +71.7% |
| Financial fixed assets | 28 | €4,980 | €4,980 | = | 0.0% |
| Current assets | 29/58 | €1,168,422 | €1,287,862 | +€119,439 | +10.2% |
| Stocks and contracts in progress | 3 | €1,046,819 | €935,707 | -€111,112 | -10.6% |
| Stocks | 30/36 | €1,046,819 | €935,707 | -€111,112 | -10.6% |
| Amounts receivable within one year | 40/41 | €6,009 | €138,162 | +€132,153 | +2,199% |
| Trade receivables | 40 | - | €132,162 | +€132,162 | |
| Other amounts receivable | 41 | €6,009 | €6,000 | -€9 | -0.2% |
| Cash at bank and in hand | 54/58 | €115,594 | €213,993 | +€98,398 | +85.1% |
| Total equity and liabilities | 10/49 | €1,656,997 | €1,908,884 | +€251,888 | +15.2% |
| Equity | 10/15 | €636,106 | €635,819 | -€287 | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €192,771 | €192,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,271 | €5,271 | = | 0.0% |
| Distributable reserves | 133 | €185,000 | €185,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418,334 | €418,048 | -€287 | -0.1% |
| Amounts payable | 17/49 | €1,020,891 | €1,273,065 | +€252,174 | +24.7% |
| Amounts payable after more than one year | 17 | €365,883 | €381,775 | +€15,893 | +4.3% |
| Financial debts | 170/4 | €365,883 | €381,775 | +€15,893 | +4.3% |
| Amounts payable within one year | 42/48 | €650,685 | €870,300 | +€219,615 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €110,840 | €115,725 | +€4,885 | +4.4% |
| Trade debts | 44 | €197,569 | €320,414 | +€122,845 | +62.2% |
| Suppliers | 440/4 | €197,569 | €320,414 | +€122,845 | +62.2% |
| Taxes, remuneration and social security | 45 | €18,654 | €32,970 | +€14,317 | +76.8% |
| Taxes | 450/3 | €18,654 | €32,970 | +€14,317 | +76.8% |
| Other amounts payable | 47/48 | €323,623 | €401,190 | +€77,567 | +24.0% |
| Accrued charges and deferred income | 492/3 | €4,323 | €20,990 | +€16,667 | +386% |
| Non-recurring operating income | 76A | €950 | - | -€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,984 | €66,622 | +€37,638 | +130% |
| Other operating charges | 640/8 | €6,508 | €9,267 | +€2,759 | +42.4% |
| Non-recurring operating charges | 66A | - | €12,550 | +€12,550 | |
| Gross operating margin | 9900 | €122,798 | €123,617 | +€819 | +0.7% |
| Operating profit (loss) | 9901 | €87,307 | €35,179 | -€52,128 | -59.7% |
| Financial income | 75/76B | €444 | €103 | -€342 | -76.9% |
| Recurring financial income | 75 | €444 | €103 | -€342 | -76.9% |
| Financial charges | 65/66B | €18,149 | €34,335 | +€16,186 | +89.2% |
| Recurring financial charges | 65 | €18,149 | €34,335 | +€16,186 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | €69,602 | €946 | -€68,656 | -98.6% |
| Income taxes | 67/77 | €19,552 | €1,233 | -€18,319 | -93.7% |
| Profit (loss) for the period | 9904 | €50,050 | -€287 | -€50,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,050 | -€287 | -€50,337 |
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 6 November 2026 via checked.be.