QUALITY TRADING SERVICES: 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 TRADING SERVICES
Largest movements
- Receivables within one year +€134,433
up €134,433 (+96.7%), from €139,062 to €273,494
of which Trade receivables: +€133,363
- Cash +€28,416
up €28,416 (+278%), from €10,230 to €38,646
mainly Trade debts (+€111,098) and Tax, wage and social debts (+€55,370)
- Trade debts +€111,098
up €111,098 (+112%), from €99,219 to €210,317
- Tax, wage and social debts +€55,370
up €55,370 (+179%), from €30,911 to €86,282
of which Taxes: +€55,370
- Reserves -€6,207
down €6,207 (-33.9%), from €18,327 to €12,121
- Other debts +€3,739
up €3,739 (+70.0%), from €5,341 to €9,081
- Gross operating margin -€18,515
down €18,515 (-59.0%), from €31,365 to €12,849
- Depreciation -€1,429
down €1,429 (-62.8%), from €2,276 to €847
- Other operating charges +€814
up €814 (+76.3%), from €1,067 to €1,881
- Taxes +€570
up €570 (+16.7%), from €3,415 to €3,985
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 | €155,799 | €319,800 | +€164,001 | +105% |
| Fixed assets | 21/28 | €6,507 | €7,660 | +€1,153 | +17.7% |
| Tangible fixed assets | 22/27 | €2,007 | €1,160 | -€847 | -42.2% |
| Plant, machinery and equipment | 23 | €1,951 | €1,160 | -€791 | -40.6% |
| Furniture and vehicles | 24 | €56 | - | -€56 | |
| Financial fixed assets | 28 | €4,500 | €6,500 | +€2,000 | +44.4% |
| Current assets | 29/58 | €149,292 | €312,140 | +€162,848 | +109% |
| Amounts receivable within one year | 40/41 | €139,062 | €273,494 | +€134,433 | +96.7% |
| Trade receivables | 40 | €137,458 | €270,821 | +€133,363 | +97.0% |
| Other amounts receivable | 41 | €1,604 | €2,674 | +€1,070 | +66.7% |
| Cash at bank and in hand | 54/58 | €10,230 | €38,646 | +€28,416 | +278% |
| Total equity and liabilities | 10/49 | €155,799 | €319,800 | +€164,001 | +105% |
| Equity | 10/15 | €20,327 | €14,121 | -€6,207 | -30.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,327 | €12,121 | -€6,207 | -33.9% |
| Distributable reserves | 133 | €18,327 | €12,121 | -€6,207 | -33.9% |
| Amounts payable | 17/49 | €135,472 | €305,679 | +€170,208 | +126% |
| Amounts payable within one year | 42/48 | €135,472 | €305,679 | +€170,208 | +126% |
| Trade debts | 44 | €99,219 | €210,317 | +€111,098 | +112% |
| Suppliers | 440/4 | €99,219 | €210,317 | +€111,098 | +112% |
| Taxes, remuneration and social security | 45 | €30,911 | €86,282 | +€55,370 | +179% |
| Taxes | 450/3 | €28,911 | €84,282 | +€55,370 | +192% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,341 | €9,081 | +€3,739 | +70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,276 | €847 | -€1,429 | -62.8% |
| Other operating charges | 640/8 | €1,067 | €1,881 | +€814 | +76.3% |
| Gross operating margin | 9900 | €31,365 | €12,849 | -€18,515 | -59.0% |
| Operating profit (loss) | 9901 | €28,022 | €10,122 | -€17,900 | -63.9% |
| Financial income | 75/76B | €0 | €13 | +€13 | +133,700% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +133,700% |
| Financial charges | 65/66B | €473 | €570 | +€97 | +20.4% |
| Recurring financial charges | 65 | €473 | €570 | +€97 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €27,549 | €9,565 | -€17,984 | -65.3% |
| Income taxes | 67/77 | €3,415 | €3,985 | +€570 | +16.7% |
| Profit (loss) for the period | 9904 | €24,134 | €5,580 | -€18,553 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,134 | €5,580 | -€18,553 | -76.9% |
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 22 October 2026 via checked.be.