QUALITY SOURCING SOLUTIONS: 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 SOURCING SOLUTIONS
Largest movements
- Receivables within one year +€727,661
up €727,661 (+85.9%), from €846,628 to €1.6m
of which Trade receivables: +€732,429
- Stocks and contracts -€261,007
down €261,007 (-74.2%), from €351,793 to €90,786
- Tangible fixed assets +€82,602
up €82,602 (+62.6%), from €132,038 to €214,640
of which Leasing and similar rights: +€102,420
- Trade debts +€181,737
up €181,737 (+29.1%), from €624,758 to €806,495
- Profit (loss) carried forward +€178,897
up €178,897 (+53.6%), from €333,754 to €512,652
- Debts after one year +€78,406
up €78,406 (+328%), from €23,927 to €102,333
- Other debts +€49,723
up €49,723 (+649%), from €7,666 to €57,389
- Advances received +€27,207
new in 2025: €27,207
- Gross operating margin +€178,619
up €178,619 (+27.3%), from €653,321 to €831,940
- Staff costs +€82,999
up €82,999 (+27.4%), from €302,600 to €385,599
- Financial charges -€60,209
down €60,209 (-95.0%), from €63,364 to €3,155
- Taxes +€35,908
up €35,908 (+59.5%), from €60,317 to €96,225
- Write-downs +€16,954
new in 2025: €16,954
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 | €1,660,526 | €2,201,796 | +€541,270 | +32.6% |
| Fixed assets | 21/28 | €144,260 | €226,862 | +€82,602 | +57.3% |
| Tangible fixed assets | 22/27 | €132,038 | €214,640 | +€82,602 | +62.6% |
| Land and buildings | 22 | €2,364 | €438 | -€1,927 | -81.5% |
| Plant, machinery and equipment | 23 | €50,946 | €37,651 | -€13,294 | -26.1% |
| Furniture and vehicles | 24 | €45,962 | €41,822 | -€4,140 | -9.0% |
| Leasing and similar rights | 25 | €32,309 | €134,729 | +€102,420 | +317% |
| Other tangible fixed assets | 26 | €456 | - | -€456 | |
| Financial fixed assets | 28 | €12,222 | €12,222 | = | 0.0% |
| Current assets | 29/58 | €1,516,266 | €1,974,934 | +€458,668 | +30.2% |
| Stocks and contracts in progress | 3 | €351,793 | €90,786 | -€261,007 | -74.2% |
| Stocks | 30/36 | €351,793 | €90,786 | -€261,007 | -74.2% |
| Amounts receivable within one year | 40/41 | €846,628 | €1,574,289 | +€727,661 | +85.9% |
| Trade receivables | 40 | €783,759 | €1,516,188 | +€732,429 | +93.5% |
| Other amounts receivable | 41 | €62,869 | €58,100 | -€4,769 | -7.6% |
| Current investments | 50/53 | €51,965 | €60,201 | +€8,236 | +15.8% |
| Cash at bank and in hand | 54/58 | €265,880 | €249,659 | -€16,222 | -6.1% |
| Total equity and liabilities | 10/49 | €1,660,526 | €2,201,796 | +€541,270 | +32.6% |
| Equity | 10/15 | €683,767 | €887,265 | +€203,497 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,413 | €356,013 | +€24,600 | +7.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €329,553 | €354,153 | +€24,600 | +7.5% |
| Profit (loss) carried forward | 14 | €333,754 | €512,652 | +€178,897 | +53.6% |
| Amounts payable | 17/49 | €976,759 | €1,314,532 | +€337,772 | +34.6% |
| Amounts payable after more than one year | 17 | €23,927 | €102,333 | +€78,406 | +328% |
| Financial debts | 170/4 | €23,927 | €102,333 | +€78,406 | +328% |
| Amounts payable within one year | 42/48 | €952,832 | €1,212,199 | +€259,367 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €25,007 | €51,263 | +€26,256 | +105% |
| Trade debts | 44 | €624,758 | €806,495 | +€181,737 | +29.1% |
| Suppliers | 440/4 | €624,758 | €806,495 | +€181,737 | +29.1% |
| Advances received on contracts in progress | 46 | - | €27,207 | +€27,207 | |
| Taxes, remuneration and social security | 45 | €295,401 | €269,845 | -€25,556 | -8.7% |
| Taxes | 450/3 | €135,246 | €130,903 | -€4,343 | -3.2% |
| Remuneration and social security | 454/9 | €160,155 | €138,941 | -€21,213 | -13.2% |
| Other amounts payable | 47/48 | €7,666 | €57,389 | +€49,723 | +649% |
| Remuneration, social security and pensions | 62 | €302,600 | €385,599 | +€82,999 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,930 | €55,747 | +€6,818 | +13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,954 | +€16,954 | |
| Other operating charges | 640/8 | €14,787 | €15,724 | +€937 | +6.3% |
| Gross operating margin | 9900 | €653,321 | €831,940 | +€178,619 | +27.3% |
| Operating profit (loss) | 9901 | €287,005 | €357,915 | +€70,910 | +24.7% |
| Financial income | 75/76B | €195 | €363 | +€168 | +86.0% |
| Recurring financial income | 75 | €195 | €363 | +€168 | +86.0% |
| Financial charges | 65/66B | €63,364 | €3,155 | -€60,209 | -95.0% |
| Recurring financial charges | 65 | €63,364 | €3,155 | -€60,209 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €223,836 | €355,123 | +€131,287 | +58.7% |
| Income taxes | 67/77 | €60,317 | €96,225 | +€35,908 | +59.5% |
| Profit (loss) for the period | 9904 | €163,519 | €258,897 | +€95,379 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €163,519 | €258,897 | +€95,379 | +58.3% |
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 15 October 2026 via checked.be.