QUALITY STREET: 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 STREET
Largest movements
- Cash -€261,086
down €261,086 (-83.5%), from €312,700 to €51,614
mainly Debts after one year (-€392,247) and Investment in fixed assets (net) (-€116,397)
- Tangible fixed assets -€163,255
down €163,255 (-4.1%), from €3.9m to €3.8m
of which Land and buildings: -€156,630
- Receivables within one year +€91,558
up €91,558 (+73.9%), from €123,852 to €215,409
of which Trade receivables: +€47,903
- Debts after one year -€392,247
down €392,247 (-10.8%), from €3.6m to €3.2m
of which Other amounts payable: -€251,855
- Short-term financial debts -€114,800
no longer reported in 2025 (was €114,800)
- Trade debts -€74,197
down €74,197 (-79.1%), from €93,826 to €19,629
- Current portion of long-term debt +€70,196
new in 2025: €70,196
- Reserves +€63,049
up €63,049 (+10.1%), from €626,529 to €689,578
of which Distributable reserves: +€72,198
- Financial income +€60,585
up €60,585 (+1,350%), from €4,486 to €65,071
- Taxes +€38,994
up €38,994, from -€12,680 to €26,314
- Financial charges -€35,058
down €35,058 (-19.2%), from €182,192 to €147,134
- Gross operating margin -€9,944
down €9,944 (-2.0%), from €499,997 to €490,053
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 | €5,754,312 | €5,389,892 | -€364,421 | -6.3% |
| Fixed assets | 21/28 | €3,935,859 | €3,772,604 | -€163,255 | -4.1% |
| Tangible fixed assets | 22/27 | €3,935,859 | €3,772,604 | -€163,255 | -4.1% |
| Land and buildings | 22 | €3,892,744 | €3,736,113 | -€156,630 | -4.0% |
| Plant, machinery and equipment | 23 | €43,115 | €36,491 | -€6,624 | -15.4% |
| Current assets | 29/58 | €1,818,453 | €1,617,287 | -€201,166 | -11.1% |
| Stocks and contracts in progress | 3 | €1,375,031 | €1,320,271 | -€54,760 | -4.0% |
| Stocks | 30/36 | €1,375,031 | €1,320,271 | -€54,760 | -4.0% |
| Amounts receivable within one year | 40/41 | €123,852 | €215,409 | +€91,558 | +73.9% |
| Trade receivables | 40 | €98,606 | €146,509 | +€47,903 | +48.6% |
| Other amounts receivable | 41 | €25,246 | €68,901 | +€43,655 | +173% |
| Cash at bank and in hand | 54/58 | €312,700 | €51,614 | -€261,086 | -83.5% |
| Deferred charges and accrued income | 490/1 | €6,870 | €29,993 | +€23,122 | +337% |
| Total equity and liabilities | 10/49 | €5,754,312 | €5,389,892 | -€364,421 | -6.3% |
| Equity | 10/15 | €911,679 | €974,728 | +€63,049 | +6.9% |
| Contributions | 10/11 | €285,150 | €285,150 | = | 0.0% |
| Reserves | 13 | €626,529 | €689,578 | +€63,049 | +10.1% |
| Non-distributable reserves | 130/1 | €28,515 | €28,515 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,515 | €28,515 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,293 | €67,144 | -€9,148 | -12.0% |
| Distributable reserves | 133 | €521,721 | €593,919 | +€72,198 | +13.8% |
| Provisions and deferred taxes | 16 | €39,285 | €34,574 | -€4,711 | -12.0% |
| Deferred taxes | 168 | €39,285 | €34,574 | -€4,711 | -12.0% |
| Amounts payable | 17/49 | €4,803,348 | €4,380,589 | -€422,759 | -8.8% |
| Amounts payable after more than one year | 17 | €3,631,218 | €3,238,971 | -€392,247 | -10.8% |
| Financial debts | 170/4 | €315,922 | €175,530 | -€140,392 | -44.4% |
| Other amounts payable | 178/9 | €3,315,296 | €3,063,441 | -€251,855 | -7.6% |
| Amounts payable within one year | 42/48 | €1,104,985 | €1,048,615 | -€56,370 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | - | €70,196 | +€70,196 | |
| Financial debts | 43 | €114,800 | - | -€114,800 | |
| Credit institutions | 430/8 | €114,800 | - | -€114,800 | |
| Trade debts | 44 | €93,826 | €19,629 | -€74,197 | -79.1% |
| Suppliers | 440/4 | €93,826 | €19,629 | -€74,197 | -79.1% |
| Advances received on contracts in progress | 46 | €63,881 | €95,117 | +€31,236 | +48.9% |
| Taxes, remuneration and social security | 45 | €15,754 | €40,064 | +€24,310 | +154% |
| Taxes | 450/3 | €15,754 | €40,064 | +€24,310 | +154% |
| Other amounts payable | 47/48 | €816,725 | €823,610 | +€6,885 | +0.8% |
| Accrued charges and deferred income | 492/3 | €67,146 | €93,003 | +€25,858 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,620 | €279,652 | +€4,032 | +1.5% |
| Other operating charges | 640/8 | €46,972 | €43,685 | -€3,287 | -7.0% |
| Gross operating margin | 9900 | €499,997 | €490,053 | -€9,944 | -2.0% |
| Operating profit (loss) | 9901 | €177,405 | €166,715 | -€10,689 | -6.0% |
| Financial income | 75/76B | €4,486 | €65,071 | +€60,585 | +1,350% |
| Recurring financial income | 75 | €4,486 | €65,071 | +€60,585 | +1,350% |
| Financial charges | 65/66B | €182,192 | €147,134 | -€35,058 | -19.2% |
| Recurring financial charges | 65 | €182,192 | €147,134 | -€35,058 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€302 | €84,653 | +€84,954 | |
| Transfer from deferred taxes | 780 | €4,711 | €4,711 | = | 0.0% |
| Income taxes | 67/77 | -€12,680 | €26,314 | +€38,994 | |
| Profit (loss) for the period | 9904 | €17,090 | €63,049 | +€45,960 | +269% |
| Transfer from tax-exempt reserves | 789 | €9,148 | €9,148 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,238 | €72,198 | +€45,960 | +175% |
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 23 October 2026 via checked.be.