QUALITY TRANS: what changed
QUALITY TRANS
Largest movements
- Receivables within one year +€113,884
up €113,884 (+85.8%), from €132,775 to €246,659
of which Trade receivables: +€103,492
- Tangible fixed assets -€23,981
down €23,981 (-36.3%), from €65,994 to €42,013
of which Leasing and similar rights: -€20,540
- Stocks and contracts -€10,778
down €10,778 (-19.1%), from €56,317 to €45,539
- Cash +€8,334
up €8,334 (+46.0%), from €18,127 to €26,460
mainly Depreciation (+€50,746) and Debts after one year (+€47,482)
- Debts after one year +€47,482
up €47,482 (+134%), from €35,361 to €82,843
of which Financial debts: +€47,482
- Trade debts +€34,862
up €34,862 (+60.4%), from €57,679 to €92,542
- Profit (loss) carried forward +€32,592
up €32,592 (+68.1%), from €47,869 to €80,461
- Tax, wage and social debts -€25,243
down €25,243 (-39.6%), from €63,755 to €38,512
of which Remuneration and social security: -€24,369
- Turnover +€313,200
up €313,200 (+18.4%), from €1.7m to €2.0m
- Purchases and services +€213,985
up €213,985 (+15.2%), from €1.4m to €1.6m
- Gross operating margin +€99,215
up €99,215 (+33.2%), from €298,430 to €397,645
- Other operating charges +€64,215
up €64,215 (+192%), from €33,395 to €97,609
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,338 | €391,796 | +€87,458 | +28.7% |
| Fixed assets | 21/28 | €97,119 | €73,138 | -€23,981 | -24.7% |
| Tangible fixed assets | 22/27 | €65,994 | €42,013 | -€23,981 | -36.3% |
| Plant, machinery and equipment | 23 | €1,644 | €7,322 | +€5,678 | +345% |
| Furniture and vehicles | 24 | €30,117 | €20,998 | -€9,120 | -30.3% |
| Leasing and similar rights | 25 | €34,233 | €13,693 | -€20,540 | -60.0% |
| Financial fixed assets | 28 | €31,125 | €31,125 | = | 0.0% |
| Current assets | 29/58 | €207,219 | €318,658 | +€111,439 | +53.8% |
| Stocks and contracts in progress | 3 | €56,317 | €45,539 | -€10,778 | -19.1% |
| Stocks | 30/36 | €56,317 | €45,539 | -€10,778 | -19.1% |
| Amounts receivable within one year | 40/41 | €132,775 | €246,659 | +€113,884 | +85.8% |
| Trade receivables | 40 | €132,031 | €235,523 | +€103,492 | +78.4% |
| Other amounts receivable | 41 | €745 | €11,136 | +€10,392 | +1,396% |
| Cash at bank and in hand | 54/58 | €18,127 | €26,460 | +€8,334 | +46.0% |
| Total equity and liabilities | 10/49 | €304,338 | €391,796 | +€87,458 | +28.7% |
| Equity | 10/15 | €68,329 | €100,921 | +€32,592 | +47.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €47,869 | €80,461 | +€32,592 | +68.1% |
| Amounts payable | 17/49 | €236,008 | €290,875 | +€54,866 | +23.2% |
| Amounts payable after more than one year | 17 | €35,361 | €82,843 | +€47,482 | +134% |
| Financial debts | 170/4 | €6,361 | €53,843 | +€47,482 | +746% |
| Other amounts payable | 178/9 | €29,000 | €29,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,647 | €208,032 | +€7,384 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €61,479 | €61,397 | -€82 | -0.1% |
| Financial debts | 43 | - | €393 | +€393 | |
| Credit institutions | 430/8 | - | €393 | +€393 | |
| Trade debts | 44 | €57,679 | €92,542 | +€34,862 | +60.4% |
| Suppliers | 440/4 | €57,679 | €92,542 | +€34,862 | +60.4% |
| Taxes, remuneration and social security | 45 | €63,755 | €38,512 | -€25,243 | -39.6% |
| Taxes | 450/3 | €18,485 | €17,612 | -€874 | -4.7% |
| Remuneration and social security | 454/9 | €45,270 | €20,900 | -€24,369 | -53.8% |
| Other amounts payable | 47/48 | €17,735 | €15,188 | -€2,546 | -14.4% |
| Turnover | 70 | €1,705,081 | €2,018,280 | +€313,200 | +18.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,406,651 | €1,620,635 | +€213,985 | +15.2% |
| Remuneration, social security and pensions | 62 | €184,315 | €197,017 | +€12,702 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,460 | €50,746 | -€1,714 | -3.3% |
| Other operating charges | 640/8 | €33,395 | €97,609 | +€64,215 | +192% |
| Gross operating margin | 9900 | €298,430 | €397,645 | +€99,215 | +33.2% |
| Operating profit (loss) | 9901 | €28,261 | €52,273 | +€24,012 | +85.0% |
| Financial income | 75/76B | €11,050 | €3,229 | -€7,821 | -70.8% |
| Recurring financial income | 75 | €1,546 | €3,229 | +€1,682 | +109% |
| Non-recurring financial income | 76B | €9,504 | - | -€9,504 | |
| Financial charges | 65/66B | €14,994 | €10,572 | -€4,422 | -29.5% |
| Recurring financial charges | 65 | €6,556 | €10,572 | +€4,016 | +61.2% |
| Non-recurring financial charges | 66B | €8,438 | - | -€8,438 | |
| Profit (loss) for the period before taxes | 9903 | €24,316 | €44,930 | +€20,613 | +84.8% |
| Income taxes | 67/77 | €21,724 | €12,338 | -€9,386 | -43.2% |
| Profit (loss) for the period | 9904 | €2,592 | €32,592 | +€30,000 | +1,157% |
| Profit (loss) for the period to be appropriated | 9905 | €2,592 | €32,592 | +€30,000 | +1,157% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.