QUALITY SET IMMOBILIER: 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 SET IMMOBILIER
Largest movements
- Tangible fixed assets -€336,397
down €336,397 (-4.9%), from €6.8m to €6.5m
- Debts after one year -€160,000
down €160,000 (-6.3%), from €2.5m to €2.4m
- Profit (loss) carried forward -€95,603
down €95,603 (-34.1%), from -€280,142 to -€375,745
- Current portion of long-term debt -€81,640
down €81,640 (-4.4%), from €1.8m to €1.8m
- Gross operating margin +€84,238
up €84,238 (+25.2%), from €334,090 to €418,328
- Financial income -€76,966
down €76,966 (-69.3%), from €111,134 to €34,168
- Financial charges -€68,696
down €68,696 (-30.0%), from €229,287 to €160,590
- Other operating charges +€40,140
up €40,140 (+4,130%), from €972 to €41,111
- Depreciation +€7,349
up €7,349 (+2.2%), from €339,048 to €346,397
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
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 | €6,871,526 | €6,542,151 | -€329,375 | -4.8% |
| Fixed assets | 21/28 | €6,809,008 | €6,472,611 | -€336,397 | -4.9% |
| Tangible fixed assets | 22/27 | €6,809,008 | €6,472,611 | -€336,397 | -4.9% |
| Land and buildings | 22 | €6,809,008 | €6,472,611 | -€336,397 | -4.9% |
| Current assets | 29/58 | €62,519 | €69,540 | +€7,022 | +11.2% |
| Amounts receivable within one year | 40/41 | €2,519 | €69,540 | +€67,022 | +2,661% |
| Trade receivables | 40 | - | €26,130 | +€26,130 | |
| Other amounts receivable | 41 | €2,519 | €43,410 | +€40,892 | +1,624% |
| Deferred charges and accrued income | 490/1 | €60,000 | - | -€60,000 | |
| Total equity and liabilities | 10/49 | €6,871,526 | €6,542,151 | -€329,375 | -4.8% |
| Equity | 10/15 | €1,245,323 | €1,115,552 | -€129,771 | -10.4% |
| Contributions | 10/11 | €1,080,600 | €1,080,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€280,142 | -€375,745 | -€95,603 | -34.1% |
| Investment grants | 15 | €444,866 | €410,698 | -€34,168 | -7.7% |
| Amounts payable | 17/49 | €5,626,203 | €5,426,599 | -€199,604 | -3.5% |
| Amounts payable after more than one year | 17 | €2,520,000 | €2,360,000 | -€160,000 | -6.3% |
| Financial debts | 170/4 | €2,520,000 | €2,360,000 | -€160,000 | -6.3% |
| Amounts payable within one year | 42/48 | €3,094,941 | €3,059,463 | -€35,478 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €1,838,940 | €1,757,300 | -€81,640 | -4.4% |
| Financial debts | 43 | €9,831 | €10,898 | +€1,068 | +10.9% |
| Credit institutions | 430/8 | €9,831 | €10,898 | +€1,068 | +10.9% |
| Trade debts | 44 | €1,685 | €45,780 | +€44,095 | +2,617% |
| Suppliers | 440/4 | €1,685 | €45,780 | +€44,095 | +2,617% |
| Other amounts payable | 47/48 | €1,244,485 | €1,245,485 | +€1,000 | +0.1% |
| Accrued charges and deferred income | 492/3 | €11,262 | €7,136 | -€4,127 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339,048 | €346,397 | +€7,349 | +2.2% |
| Other operating charges | 640/8 | €972 | €41,111 | +€40,140 | +4,130% |
| Gross operating margin | 9900 | €334,090 | €418,328 | +€84,238 | +25.2% |
| Operating profit (loss) | 9901 | -€5,930 | €30,820 | +€36,749 | |
| Financial income | 75/76B | €111,134 | €34,168 | -€76,966 | -69.3% |
| Recurring financial income | 75 | €111,134 | €34,168 | -€76,966 | -69.3% |
| Financial charges | 65/66B | €229,287 | €160,590 | -€68,696 | -30.0% |
| Recurring financial charges | 65 | €229,287 | €160,590 | -€68,696 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€124,082 | -€95,603 | +€28,479 | +23.0% |
| Profit (loss) for the period | 9904 | -€124,082 | -€95,603 | +€28,479 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€124,082 | -€95,603 | +€28,479 | +23.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.