QUALITY STUDIO: 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 STUDIO
Largest movements
- Cash +€129,517
up €129,517 (+98.5%), from €131,506 to €261,024
mainly Trade debts (+€110,780) and Other debts (+€90,069)
- Receivables within one year +€21,105
up €21,105 (+9.0%), from €234,627 to €255,732
of which Other amounts receivable: +€48,257
- Trade debts +€110,780
up €110,780 (+59.5%), from €186,143 to €296,923
- Other debts +€90,069
up €90,069 (+399%), from €22,574 to €112,643
- Reserves -€55,104
down €55,104 (-39.2%), from €140,585 to €85,480
- Tax, wage and social debts +€5,822
up €5,822 (+21.8%), from €26,729 to €32,552
of which Taxes: +€5,647
- Gross operating margin -€5,992
down €5,992 (-2.3%), from €266,037 to €260,045
- Staff costs -€5,431
down €5,431 (-2.6%), from €209,369 to €203,938
- Other operating charges -€5,233
down €5,233 (-78.8%), from €6,642 to €1,409
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 | €381,031 | €532,598 | +€151,567 | +39.8% |
| Fixed assets | 21/28 | €1,399 | €993 | -€406 | -29.0% |
| Tangible fixed assets | 22/27 | €1,399 | €993 | -€406 | -29.0% |
| Furniture and vehicles | 24 | €1,399 | €993 | -€406 | -29.0% |
| Current assets | 29/58 | €379,632 | €531,605 | +€151,973 | +40.0% |
| Amounts receivable within one year | 40/41 | €234,627 | €255,732 | +€21,105 | +9.0% |
| Trade receivables | 40 | €216,653 | €189,502 | -€27,151 | -12.5% |
| Other amounts receivable | 41 | €17,973 | €66,230 | +€48,257 | +268% |
| Cash at bank and in hand | 54/58 | €131,506 | €261,024 | +€129,517 | +98.5% |
| Deferred charges and accrued income | 490/1 | €13,499 | €14,850 | +€1,351 | +10.0% |
| Total equity and liabilities | 10/49 | €381,031 | €532,598 | +€151,567 | +39.8% |
| Equity | 10/15 | €145,585 | €90,480 | -€55,104 | -37.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €140,585 | €85,480 | -€55,104 | -39.2% |
| Distributable reserves | 133 | €140,585 | €85,480 | -€55,104 | -39.2% |
| Amounts payable | 17/49 | €235,446 | €442,118 | +€206,671 | +87.8% |
| Amounts payable within one year | 42/48 | €235,446 | €442,118 | +€206,671 | +87.8% |
| Trade debts | 44 | €186,143 | €296,923 | +€110,780 | +59.5% |
| Suppliers | 440/4 | €186,143 | €296,923 | +€110,780 | +59.5% |
| Taxes, remuneration and social security | 45 | €26,729 | €32,552 | +€5,822 | +21.8% |
| Taxes | 450/3 | €1,807 | €7,453 | +€5,647 | +313% |
| Remuneration and social security | 454/9 | €24,923 | €25,098 | +€175 | +0.7% |
| Other amounts payable | 47/48 | €22,574 | €112,643 | +€90,069 | +399% |
| Remuneration, social security and pensions | 62 | €209,369 | €203,938 | -€5,431 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €406 | = | 0.0% |
| Other operating charges | 640/8 | €6,642 | €1,409 | -€5,233 | -78.8% |
| Gross operating margin | 9900 | €266,037 | €260,045 | -€5,992 | -2.3% |
| Operating profit (loss) | 9901 | €49,620 | €54,291 | +€4,671 | +9.4% |
| Financial income | 75/76B | €519 | €85 | -€434 | -83.7% |
| Recurring financial income | 75 | €519 | €85 | -€434 | -83.7% |
| Financial charges | 65/66B | €373 | €1,394 | +€1,021 | +274% |
| Recurring financial charges | 65 | €373 | €1,394 | +€1,021 | +274% |
| Profit (loss) for the period before taxes | 9903 | €49,766 | €52,982 | +€3,216 | +6.5% |
| Income taxes | 67/77 | €17,345 | €19,453 | +€2,108 | +12.2% |
| Profit (loss) for the period | 9904 | €32,421 | €33,529 | +€1,108 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,421 | €33,529 | +€1,108 | +3.4% |
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 16 October 2026 via checked.be.