QUALITY TRAINING: 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 TRAINING
Largest movements
- Receivables within one year -€33,528
down €33,528 (-34.1%), from €98,248 to €64,720
of which Trade receivables: -€53,466
- Cash -€19,336
down €19,336 (-16.6%), from €116,255 to €96,919
mainly Trade debts (-€23,997) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€6,742
down €6,742 (-43.1%), from €15,628 to €8,886
of which Furniture and vehicles: -€11,297
- Trade debts -€23,997
down €23,997 (-85.8%), from €27,970 to €3,973
- Other debts -€15,879
down €15,879 (-53.1%), from €29,880 to €14,001
- Tax, wage and social debts -€11,394
down €11,394 (-22.9%), from €49,746 to €38,352
of which Taxes: -€7,972
- Profit (loss) carried forward -€6,420
down €6,420 (-5.8%), from €110,160 to €103,740
- Gross operating margin -€79,965
down €79,965 (-48.5%), from €164,791 to €84,826
- Staff costs +€6,762
up €6,762 (+14.0%), from €48,148 to €54,910
- Taxes +€3,723
up €3,723, from €0 to €3,723
- Depreciation +€2,430
up €2,430 (+47.8%), from €5,088 to €7,518
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 | €231,679 | €173,989 | -€57,690 | -24.9% |
| Fixed assets | 21/28 | €16,846 | €10,107 | -€6,739 | -40.0% |
| Tangible fixed assets | 22/27 | €15,628 | €8,886 | -€6,742 | -43.1% |
| Plant, machinery and equipment | 23 | €1,531 | €6,086 | +€4,555 | +298% |
| Furniture and vehicles | 24 | €14,097 | €2,800 | -€11,297 | -80.1% |
| Financial fixed assets | 28 | €1,218 | €1,221 | +€3 | +0.2% |
| Current assets | 29/58 | €214,833 | €163,882 | -€50,951 | -23.7% |
| Amounts receivable within one year | 40/41 | €98,248 | €64,720 | -€33,528 | -34.1% |
| Trade receivables | 40 | €83,186 | €29,720 | -€53,466 | -64.3% |
| Other amounts receivable | 41 | €15,062 | €35,000 | +€19,938 | +132% |
| Cash at bank and in hand | 54/58 | €116,255 | €96,919 | -€19,336 | -16.6% |
| Deferred charges and accrued income | 490/1 | €330 | €2,243 | +€1,913 | +580% |
| Total equity and liabilities | 10/49 | €231,679 | €173,989 | -€57,690 | -24.9% |
| Equity | 10/15 | €124,083 | €117,663 | -€6,420 | -5.2% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Contributions outside capital | 11 | €3,600 | - | -€3,600 | |
| Other | 1109/19 | €3,600 | - | -€3,600 | |
| Reserves | 13 | €10,323 | €10,323 | = | 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% |
| Distributable reserves | 133 | €8,463 | €8,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,160 | €103,740 | -€6,420 | -5.8% |
| Amounts payable | 17/49 | €107,596 | €56,326 | -€51,270 | -47.7% |
| Amounts payable within one year | 42/48 | €107,596 | €56,326 | -€51,270 | -47.7% |
| Trade debts | 44 | €27,970 | €3,973 | -€23,997 | -85.8% |
| Suppliers | 440/4 | €27,970 | €3,973 | -€23,997 | -85.8% |
| Taxes, remuneration and social security | 45 | €49,746 | €38,352 | -€11,394 | -22.9% |
| Taxes | 450/3 | €35,058 | €27,086 | -€7,972 | -22.7% |
| Remuneration and social security | 454/9 | €14,688 | €11,266 | -€3,422 | -23.3% |
| Other amounts payable | 47/48 | €29,880 | €14,001 | -€15,879 | -53.1% |
| Remuneration, social security and pensions | 62 | €48,148 | €54,910 | +€6,762 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,088 | €7,518 | +€2,430 | +47.8% |
| Other operating charges | 640/8 | €0 | €1,292 | +€1,292 | |
| Non-recurring operating charges | 66A | - | €3,388 | +€3,388 | |
| Gross operating margin | 9900 | €164,791 | €84,826 | -€79,965 | -48.5% |
| Operating profit (loss) | 9901 | €111,555 | €17,718 | -€93,837 | -84.1% |
| Financial charges | 65/66B | €400 | €415 | +€15 | +3.8% |
| Recurring financial charges | 65 | €400 | €415 | +€15 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €111,155 | €17,303 | -€93,852 | -84.4% |
| Income taxes | 67/77 | €0 | €3,723 | +€3,723 | |
| Profit (loss) for the period | 9904 | €111,155 | €13,580 | -€97,575 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,155 | €13,580 | -€97,575 | -87.8% |
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 26 October 2026 via checked.be.