QUALITY TYRE 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 TYRE SERVICE
Largest movements
- Tangible fixed assets -€42,312
down €42,312 (-3.3%), from €1.3m to €1.2m
of which Land and buildings: -€36,681
- Receivables within one year +€31,846
up €31,846 (+25.0%), from €127,625 to €159,471
of which Trade receivables: +€56,349
- Short-term financial debts -€125,000
down €125,000 (-35.7%), from €350,000 to €225,000
- Debts after one year +€48,924
up €48,924 (+6.1%), from €803,211 to €852,134
- Profit (loss) carried forward +€37,522
up €37,522 (+5.6%), from -€675,630 to -€638,108
- Current portion of long-term debt +€25,779
up €25,779 (+42.0%), from €61,427 to €87,207
- Revaluation surpluses -€22,438
down €22,438 (-6.3%), from €356,819 to €334,381
- Gross operating margin +€103,141
up €103,141 (+43.4%), from €237,840 to €340,981
- Staff costs -€35,072
down €35,072 (-15.4%), from €228,414 to €193,342
- Financial charges -€6,030
down €6,030 (-12.4%), from €48,541 to €42,510
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 | €1,539,204 | €1,522,783 | -€16,421 | -1.1% |
| Fixed assets | 21/28 | €1,284,884 | €1,242,572 | -€42,312 | -3.3% |
| Tangible fixed assets | 22/27 | €1,284,884 | €1,242,572 | -€42,312 | -3.3% |
| Land and buildings | 22 | €1,239,656 | €1,202,975 | -€36,681 | -3.0% |
| Plant, machinery and equipment | 23 | €31,223 | €26,441 | -€4,782 | -15.3% |
| Furniture and vehicles | 24 | €727 | €198 | -€528 | -72.7% |
| Leasing and similar rights | 25 | €13,279 | €12,958 | -€320 | -2.4% |
| Current assets | 29/58 | €254,320 | €280,211 | +€25,891 | +10.2% |
| Stocks and contracts in progress | 3 | €111,191 | €109,011 | -€2,180 | -2.0% |
| Stocks | 30/36 | €111,191 | €109,011 | -€2,180 | -2.0% |
| Amounts receivable within one year | 40/41 | €127,625 | €159,471 | +€31,846 | +25.0% |
| Trade receivables | 40 | €9,463 | €65,812 | +€56,349 | +595% |
| Other amounts receivable | 41 | €118,162 | €93,658 | -€24,504 | -20.7% |
| Cash at bank and in hand | 54/58 | €15,504 | €11,728 | -€3,776 | -24.4% |
| Total equity and liabilities | 10/49 | €1,539,204 | €1,522,783 | -€16,421 | -1.1% |
| Equity | 10/15 | -€14,925 | €22,598 | +€37,522 | |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Revaluation surpluses | 12 | €356,819 | €334,381 | -€22,438 | -6.3% |
| Reserves | 13 | €210,287 | €232,725 | +€22,438 | +10.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,823 | €9,823 | = | 0.0% |
| Distributable reserves | 133 | €198,603 | €221,042 | +€22,438 | +11.3% |
| Profit (loss) carried forward | 14 | -€675,630 | -€638,108 | +€37,522 | +5.6% |
| Amounts payable | 17/49 | €1,554,129 | €1,500,185 | -€53,944 | -3.5% |
| Amounts payable after more than one year | 17 | €803,211 | €852,134 | +€48,924 | +6.1% |
| Financial debts | 170/4 | €803,211 | €852,134 | +€48,924 | +6.1% |
| Amounts payable within one year | 42/48 | €750,918 | €648,051 | -€102,867 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €61,427 | €87,207 | +€25,779 | +42.0% |
| Financial debts | 43 | €350,000 | €225,000 | -€125,000 | -35.7% |
| Credit institutions | 430/8 | €350,000 | €225,000 | -€125,000 | -35.7% |
| Trade debts | 44 | €169,551 | €188,047 | +€18,496 | +10.9% |
| Suppliers | 440/4 | €169,551 | €188,047 | +€18,496 | +10.9% |
| Advances received on contracts in progress | 46 | €12,735 | €2,900 | -€9,835 | -77.2% |
| Taxes, remuneration and social security | 45 | €148,564 | €132,337 | -€16,226 | -10.9% |
| Taxes | 450/3 | €99,792 | €95,102 | -€4,689 | -4.7% |
| Remuneration and social security | 454/9 | €48,772 | €37,235 | -€11,537 | -23.7% |
| Other amounts payable | 47/48 | €8,641 | €12,560 | +€3,919 | +45.4% |
| Remuneration, social security and pensions | 62 | €228,414 | €193,342 | -€35,072 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,438 | €42,312 | -€3,125 | -6.9% |
| Other operating charges | 640/8 | €27,317 | €25,434 | -€1,883 | -6.9% |
| Gross operating margin | 9900 | €237,840 | €340,981 | +€103,141 | +43.4% |
| Operating profit (loss) | 9901 | -€63,329 | €79,893 | +€143,221 | |
| Financial income | 75/76B | €114 | €365 | +€251 | +221% |
| Recurring financial income | 75 | €114 | €365 | +€251 | +221% |
| Financial charges | 65/66B | €48,541 | €42,510 | -€6,030 | -12.4% |
| Recurring financial charges | 65 | €48,541 | €42,510 | -€6,030 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€111,756 | €37,747 | +€149,503 | |
| Income taxes | 67/77 | €508 | €225 | -€283 | -55.7% |
| Profit (loss) for the period | 9904 | -€112,264 | €37,522 | +€149,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,264 | €37,522 | +€149,786 |
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 23 October 2026 via checked.be.