QUALITY TRAVEL SERVICE: 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 TRAVEL SERVICE
Largest movements
- Receivables within one year +€5,265
up €5,265 (+25.4%), from €20,710 to €25,975
of which Trade receivables: +€4,525
- Cash +€1,344
up €1,344 (+27.8%), from €4,836 to €6,180
mainly Net result for the year (+€25,145) and Current portion of long-term debt (+€2,776)
- Profit (loss) carried forward +€24,340
up €24,340, from -€20,824 to €3,516
- Debts after one year -€14,840
down €14,840 (-53.8%), from €27,597 to €12,757
- Other debts -€7,947
down €7,947 (-39.4%), from €20,160 to €12,213
- Current portion of long-term debt +€2,776
up €2,776 (+27.8%), from €9,981 to €12,757
- Short-term financial debts +€2,091
new in 2025: €2,091
- Gross operating margin +€14,187
up €14,187 (+80.8%), from €17,555 to €31,742
- Depreciation -€12,344
down €12,344 (-98.7%), from €12,507 to €163
- Financial charges -€2,864
down €2,864 (-47.5%), from €6,035 to €3,171
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 | €63,717 | €70,907 | +€7,189 | +11.3% |
| Fixed assets | 21/28 | €38,172 | €38,752 | +€580 | +1.5% |
| Tangible fixed assets | 22/27 | €38,172 | €38,752 | +€580 | +1.5% |
| Furniture and vehicles | 24 | €0 | €580 | +€580 | |
| Leasing and similar rights | 25 | €38,172 | €38,172 | = | 0.0% |
| Current assets | 29/58 | €25,546 | €32,155 | +€6,609 | +25.9% |
| Amounts receivable within one year | 40/41 | €20,710 | €25,975 | +€5,265 | +25.4% |
| Trade receivables | 40 | €18,338 | €22,863 | +€4,525 | +24.7% |
| Other amounts receivable | 41 | €2,372 | €3,112 | +€740 | +31.2% |
| Cash at bank and in hand | 54/58 | €4,836 | €6,180 | +€1,344 | +27.8% |
| Total equity and liabilities | 10/49 | €63,717 | €70,907 | +€7,189 | +11.3% |
| Equity | 10/15 | €626 | €24,966 | +€24,340 | +3,891% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €1,950 | €1,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,824 | €3,516 | +€24,340 | |
| Amounts payable | 17/49 | €63,092 | €45,941 | -€17,151 | -27.2% |
| Amounts payable after more than one year | 17 | €27,597 | €12,757 | -€14,840 | -53.8% |
| Financial debts | 170/4 | €27,597 | €12,757 | -€14,840 | -53.8% |
| Amounts payable within one year | 42/48 | €35,495 | €33,184 | -€2,311 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €9,981 | €12,757 | +€2,776 | +27.8% |
| Financial debts | 43 | - | €2,091 | +€2,091 | |
| Credit institutions | 430/8 | - | €2,091 | +€2,091 | |
| Trade debts | 44 | €5,211 | €5,481 | +€270 | +5.2% |
| Suppliers | 440/4 | €5,211 | €5,481 | +€270 | +5.2% |
| Taxes, remuneration and social security | 45 | €142 | €641 | +€499 | +352% |
| Taxes | 450/3 | €142 | €641 | +€499 | +352% |
| Other amounts payable | 47/48 | €20,160 | €12,213 | -€7,947 | -39.4% |
| Non-recurring operating income | 76A | €1,453 | - | -€1,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,507 | €163 | -€12,344 | -98.7% |
| Other operating charges | 640/8 | €974 | €765 | -€209 | -21.5% |
| Gross operating margin | 9900 | €17,555 | €31,742 | +€14,187 | +80.8% |
| Operating profit (loss) | 9901 | €4,074 | €30,815 | +€26,741 | +656% |
| Financial income | 75/76B | €3 | €1 | -€2 | -77.6% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -77.6% |
| Financial charges | 65/66B | €6,035 | €3,171 | -€2,864 | -47.5% |
| Recurring financial charges | 65 | €6,035 | €3,171 | -€2,864 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,958 | €27,645 | +€29,603 | |
| Income taxes | 67/77 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,458 | €25,145 | +€29,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,458 | €25,145 | +€29,603 |
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 30 October 2026 via checked.be.