QUALITY SERVICES INSULATION: what changed
Two fiscal 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 SERVICES INSULATION
Largest movements
- Tangible fixed assets -€51,985
down €51,985 (-32.6%), from €159,225 to €107,240
of which Furniture and vehicles: -€49,950
- Receivables within one year +€28,494
up €28,494 (+38.6%), from €73,884 to €102,378
of which Trade receivables: +€22,432
- Current investments +€12,822
up €12,822 (+9.3%), from €138,147 to €150,969
- Debts after one year -€37,818
down €37,818 (-46.6%), from €81,235 to €43,417
- Reserves +€20,000
up €20,000 (+1075.3%), from €1,860 to €21,860
- Profit (loss) carried forward -€12,206
down €12,206 (-6.4%), from €190,543 to €178,337
- Other debts +€10,617
up €10,617 (+133.5%), from €7,956 to €18,573
- Trade debts +€5,236
up €5,236 (+14.5%), from €36,168 to €41,404
- Turnover +€525,650
new in 2025: €525,650
- Financial charges -€58,792
down €58,792 (-81.7%), from €71,971 to €13,179
of which Non-recurring financial charges: -€52,504
- Financial income -€14,630
down €14,630 (-95.4%), from €15,330 to €700
of which Non-recurring financial income: -€15,329
- Taxes +€13,176
up €13,176, from -€4,215 to €8,961
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,640 | €369,779 | -€16,860 | -4.4% |
| Fixed assets | 21/28 | €159,225 | €107,240 | -€51,985 | -32.6% |
| Tangible fixed assets | 22/27 | €159,225 | €107,240 | -€51,985 | -32.6% |
| Land and buildings | 22 | €1,687 | €1,350 | -€337 | -20.0% |
| Plant, machinery and equipment | 23 | €3,796 | €2,618 | -€1,178 | -31.0% |
| Furniture and vehicles | 24 | €151,641 | €101,691 | -€49,950 | -32.9% |
| Other tangible fixed assets | 26 | €2,101 | €1,581 | -€520 | -24.8% |
| Current assets | 29/58 | €227,415 | €262,540 | +€35,125 | +15.4% |
| Amounts receivable after more than one year | 29 | €3,125 | - | -€3,125 | |
| Other amounts receivable | 291 | €3,125 | - | -€3,125 | |
| Stocks and contracts in progress | 3 | €7,637 | €4,569 | -€3,068 | -40.2% |
| Stocks | 30/36 | €7,637 | €4,569 | -€3,068 | -40.2% |
| Amounts receivable within one year | 40/41 | €73,884 | €102,378 | +€28,494 | +38.6% |
| Trade receivables | 40 | €48,804 | €71,236 | +€22,432 | +46.0% |
| Other amounts receivable | 41 | €25,080 | €31,142 | +€6,063 | +24.2% |
| Current investments | 50/53 | €138,147 | €150,969 | +€12,822 | +9.3% |
| Deferred charges and accrued income | 490/1 | €4,622 | €4,623 | +€2 | 0.0% |
| Total equity and liabilities | 10/49 | €386,640 | €369,779 | -€16,860 | -4.4% |
| Equity | 10/15 | €206,003 | €213,797 | +€7,794 | +3.8% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,860 | +€20,000 | +1075.3% |
| Distributable reserves | 133 | €1,860 | €21,860 | +€20,000 | +1075.3% |
| Profit (loss) carried forward | 14 | €190,543 | €178,337 | -€12,206 | -6.4% |
| Amounts payable | 17/49 | €180,637 | €155,982 | -€24,654 | -13.6% |
| Amounts payable after more than one year | 17 | €81,235 | €43,417 | -€37,818 | -46.6% |
| Financial debts | 170/4 | €81,235 | €43,417 | -€37,818 | -46.6% |
| Amounts payable within one year | 42/48 | €99,402 | €112,566 | +€13,164 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €39,852 | €40,239 | +€387 | +1.0% |
| Trade debts | 44 | €36,168 | €41,404 | +€5,236 | +14.5% |
| Suppliers | 440/4 | €36,168 | €41,404 | +€5,236 | +14.5% |
| Taxes, remuneration and social security | 45 | €15,427 | €12,350 | -€3,077 | -19.9% |
| Taxes | 450/3 | €15,427 | €12,350 | -€3,077 | -19.9% |
| Other amounts payable | 47/48 | €7,956 | €18,573 | +€10,617 | +133.5% |
| Turnover | 70 | - | €525,650 | +€525,650 | |
| Goods, raw materials, services and sundry goods | 60/61 | €420,760 | €418,492 | -€2,268 | -0.5% |
| Remuneration, social security and pensions | 62 | €1,317 | €4,073 | +€2,756 | +209.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,866 | €45,166 | -€701 | -1.5% |
| Other operating charges | 640/8 | €986 | €877 | -€109 | -11.0% |
| Non-recurring operating charges | 66A | €32,533 | - | -€32,533 | |
| Gross operating margin | 9900 | €111,399 | €107,922 | -€3,477 | -3.1% |
| Operating profit (loss) | 9901 | €30,697 | €57,806 | +€27,109 | +88.3% |
| Financial income | 75/76B | €15,330 | €700 | -€14,630 | -95.4% |
| Recurring financial income | 75 | €1 | €700 | +€699 | +111025.4% |
| Non-recurring financial income | 76B | €15,329 | - | -€15,329 | |
| Financial charges | 65/66B | €71,971 | €13,179 | -€58,792 | -81.7% |
| Recurring financial charges | 65 | €19,061 | €12,773 | -€6,288 | -33.0% |
| Non-recurring financial charges | 66B | €52,910 | €407 | -€52,504 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,945 | €45,326 | +€71,271 | |
| Income taxes | 67/77 | -€4,215 | €8,961 | +€13,176 | |
| Profit (loss) for the period | 9904 | -€21,730 | €36,365 | +€58,095 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,730 | €36,365 | +€58,095 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.