QUALITY STYLING: 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 STYLING
Largest movements
- Tangible fixed assets -€17,019
down €17,019 (-4.6%), from €368,503 to €351,485
of which Land and buildings: -€16,962
- Receivables within one year +€7,401
up €7,401 (+1001.2%), from €739 to €8,140
of which Trade receivables: +€6,531
- Profit (loss) carried forward +€22,337
up €22,337 (+9.1%), from -€244,273 to -€221,936
- Debts after one year -€21,888
down €21,888 (-8.0%), from €275,094 to €253,206
- Trade debts -€18,007
down €18,007 (-32.3%), from €55,802 to €37,795
- Tax, wage and social debts -€17,712
down €17,712 (-85.2%), from €20,777 to €3,065
of which Remuneration and social security: -€9,307
- Other debts +€13,866
up €13,866 (+6.3%), from €219,811 to €233,677
- Gross operating margin -€26,638
down €26,638 (-33.3%), from €80,093 to €53,455
- Staff costs -€23,991
down €23,991 (-99.7%), from €24,067 to €76
- Depreciation -€3,369
down €3,369 (-16.5%), from €20,387 to €17,019
- Other operating charges -€2,243
down €2,243 (-44.3%), from €5,064 to €2,821
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
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 | €374,154 | €363,126 | -€11,028 | -2.9% |
| Fixed assets | 21/28 | €368,503 | €351,485 | -€17,019 | -4.6% |
| Tangible fixed assets | 22/27 | €368,503 | €351,485 | -€17,019 | -4.6% |
| Land and buildings | 22 | €368,446 | €351,485 | -€16,962 | -4.6% |
| Plant, machinery and equipment | 23 | €57 | - | -€57 | |
| Current assets | 29/58 | €5,651 | €11,642 | +€5,991 | +106.0% |
| Stocks and contracts in progress | 3 | €720 | €2,386 | +€1,666 | +231.3% |
| Stocks | 30/36 | €720 | €2,386 | +€1,666 | +231.3% |
| Amounts receivable within one year | 40/41 | €739 | €8,140 | +€7,401 | +1001.2% |
| Trade receivables | 40 | €735 | €7,266 | +€6,531 | +888.3% |
| Other amounts receivable | 41 | €4 | €874 | +€870 | +21584.9% |
| Cash at bank and in hand | 54/58 | €4,178 | €1,116 | -€3,062 | -73.3% |
| Deferred charges and accrued income | 490/1 | €13 | €0 | -€13 | -99.9% |
| Total equity and liabilities | 10/49 | €374,154 | €363,126 | -€11,028 | -2.9% |
| Equity | 10/15 | -€219,301 | -€196,964 | +€22,337 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,372 | €6,372 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,512 | €4,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,273 | -€221,936 | +€22,337 | +9.1% |
| Amounts payable | 17/49 | €593,455 | €560,090 | -€33,365 | -5.6% |
| Amounts payable after more than one year | 17 | €275,094 | €253,206 | -€21,888 | -8.0% |
| Financial debts | 170/4 | €275,094 | €253,206 | -€21,888 | -8.0% |
| Amounts payable within one year | 42/48 | €318,317 | €306,857 | -€11,460 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €21,927 | €22,503 | +€576 | +2.6% |
| Financial debts | 43 | - | €9,818 | +€9,818 | |
| Credit institutions | 430/8 | - | €9,818 | +€9,818 | |
| Trade debts | 44 | €55,802 | €37,795 | -€18,007 | -32.3% |
| Suppliers | 440/4 | €55,802 | €37,795 | -€18,007 | -32.3% |
| Taxes, remuneration and social security | 45 | €20,777 | €3,065 | -€17,712 | -85.2% |
| Taxes | 450/3 | €11,470 | €3,065 | -€8,405 | -73.3% |
| Remuneration and social security | 454/9 | €9,307 | - | -€9,307 | |
| Other amounts payable | 47/48 | €219,811 | €233,677 | +€13,866 | +6.3% |
| Accrued charges and deferred income | 492/3 | €44 | €27 | -€17 | -38.8% |
| Remuneration, social security and pensions | 62 | €24,067 | €76 | -€23,991 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,387 | €17,019 | -€3,369 | -16.5% |
| Other operating charges | 640/8 | €5,064 | €2,821 | -€2,243 | -44.3% |
| Gross operating margin | 9900 | €80,093 | €53,455 | -€26,638 | -33.3% |
| Operating profit (loss) | 9901 | €30,574 | €33,540 | +€2,965 | +9.7% |
| Financial income | 75/76B | €24 | €673 | +€649 | +2684.9% |
| Recurring financial income | 75 | €24 | €673 | +€649 | +2684.9% |
| Financial charges | 65/66B | €12,653 | €11,876 | -€777 | -6.1% |
| Recurring financial charges | 65 | €12,653 | €11,876 | -€777 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €17,945 | €22,337 | +€4,392 | +24.5% |
| Profit (loss) for the period | 9904 | €17,945 | €22,337 | +€4,392 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,945 | €22,337 | +€4,392 | +24.5% |
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 6 October 2026 via checked.be.