QUALITY TEAM SERVICE: what changed
QUALITY TEAM SERVICE
Largest movements
- Receivables within one year +€600,266
up €600,266 (+475%), from €126,296 to €726,563
of which Trade receivables: +€346,737
- Cash +€20,381
up €20,381 (+825%), from €2,470 to €22,851
mainly Trade debts (+€286,900) and Net result for the year (+€189,617)
- Tangible fixed assets +€18,852
up €18,852 (+402%), from €4,688 to €23,540
of which Plant, machinery and equipment: +€23,540
- Trade debts +€286,900
up €286,900 (+608%), from €47,203 to €334,103
- Profit (loss) carried forward +€189,617
up €189,617 (+687%), from €27,612 to €217,229
- Tax, wage and social debts +€166,492
up €166,492 (+369%), from €45,130 to €211,622
of which Taxes: +€83,353
- Gross operating margin +€477,581
up €477,581 (+313%), from €152,757 to €630,338
- Staff costs +€238,538
up €238,538 (+235%), from €101,445 to €339,983
- Taxes +€62,264
up €62,264 (+745%), from €8,356 to €70,620
- Depreciation +€17,537
up €17,537 (+3,426%), from €512 to €18,049
- Other operating charges +€13,975
up €13,975 (+213%), from €6,566 to €20,541
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,454 | €772,954 | +€639,499 | +479% |
| Fixed assets | 21/28 | €4,688 | €23,540 | +€18,852 | +402% |
| Tangible fixed assets | 22/27 | €4,688 | €23,540 | +€18,852 | +402% |
| Plant, machinery and equipment | 23 | - | €23,540 | +€23,540 | |
| Leasing and similar rights | 25 | €4,688 | - | -€4,688 | |
| Current assets | 29/58 | €128,766 | €749,414 | +€620,648 | +482% |
| Amounts receivable within one year | 40/41 | €126,296 | €726,563 | +€600,266 | +475% |
| Trade receivables | 40 | €57,052 | €403,789 | +€346,737 | +608% |
| Other amounts receivable | 41 | €69,244 | €322,774 | +€253,530 | +366% |
| Cash at bank and in hand | 54/58 | €2,470 | €22,851 | +€20,381 | +825% |
| Total equity and liabilities | 10/49 | €133,454 | €772,954 | +€639,499 | +479% |
| Equity | 10/15 | €37,612 | €227,229 | +€189,617 | +504% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,612 | €217,229 | +€189,617 | +687% |
| Amounts payable | 17/49 | €95,842 | €545,725 | +€449,883 | +469% |
| Amounts payable within one year | 42/48 | €95,842 | €545,725 | +€449,883 | +469% |
| Trade debts | 44 | €47,203 | €334,103 | +€286,900 | +608% |
| Suppliers | 440/4 | €47,203 | €334,103 | +€286,900 | +608% |
| Taxes, remuneration and social security | 45 | €45,130 | €211,622 | +€166,492 | +369% |
| Taxes | 450/3 | €13,355 | €96,708 | +€83,353 | +624% |
| Remuneration and social security | 454/9 | €31,775 | €114,914 | +€83,139 | +262% |
| Other amounts payable | 47/48 | €3,509 | - | -€3,509 | |
| Remuneration, social security and pensions | 62 | €101,445 | €339,983 | +€238,538 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €18,049 | +€17,537 | +3,426% |
| Other operating charges | 640/8 | €6,566 | €20,541 | +€13,975 | +213% |
| Gross operating margin | 9900 | €152,757 | €630,338 | +€477,581 | +313% |
| Operating profit (loss) | 9901 | €44,234 | €251,765 | +€207,531 | +469% |
| Financial income | 75/76B | - | €9,599 | +€9,599 | |
| Recurring financial income | 75 | - | €9,599 | +€9,599 | |
| Financial charges | 65/66B | €4,743 | €1,127 | -€3,616 | -76.2% |
| Recurring financial charges | 65 | €4,743 | €1,127 | -€3,616 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €39,491 | €260,237 | +€220,746 | +559% |
| Income taxes | 67/77 | €8,356 | €70,620 | +€62,264 | +745% |
| Profit (loss) for the period | 9904 | €31,134 | €189,617 | +€158,482 | +509% |
| Profit (loss) for the period to be appropriated | 9905 | €31,134 | €189,617 | +€158,482 | +509% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.