QUALITY VETS: what changed
Two fiscal 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 VETS
Largest movements
- Receivables within one year +€62,945
up €62,945 (+365.6%), from €17,219 to €80,164
of which Trade receivables: +€56,762
- Cash +€2,816
up €2,816 (+4.6%), from €60,942 to €63,758
mainly Trade debts (+€56,005) and Net result for the year (+€11,936)
- Trade debts +€56,005
up €56,005 (+189.1%), from €29,618 to €85,623
- Reserves +€11,936
up €11,936 (+32.3%), from €36,936 to €48,873
- Tax, wage and social debts -€2,520
down €2,520 (-38.1%), from €6,607 to €4,088
- Gross operating margin -€17,518
down €17,518 (-51.3%), from €34,164 to €16,646
- Taxes -€2,520
down €2,520 (-38.1%), from €6,607 to €4,088
- Other operating charges -€493
down €493 (-48.3%), from €1,021 to €528
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.
Cash bridge derived
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 | €78,161 | €143,922 | +€65,761 | +84.1% |
| Current assets | 29/58 | €78,161 | €143,922 | +€65,761 | +84.1% |
| Amounts receivable within one year | 40/41 | €17,219 | €80,164 | +€62,945 | +365.6% |
| Trade receivables | 40 | €6,071 | €62,833 | +€56,762 | +935.0% |
| Other amounts receivable | 41 | €11,148 | €17,332 | +€6,183 | +55.5% |
| Cash at bank and in hand | 54/58 | €60,942 | €63,758 | +€2,816 | +4.6% |
| Total equity and liabilities | 10/49 | €78,161 | €143,922 | +€65,761 | +84.1% |
| Equity | 10/15 | €41,936 | €53,873 | +€11,936 | +28.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,936 | €48,873 | +€11,936 | +32.3% |
| Distributable reserves | 133 | €36,936 | €48,873 | +€11,936 | +32.3% |
| Amounts payable | 17/49 | €36,225 | €90,050 | +€53,825 | +148.6% |
| Amounts payable within one year | 42/48 | €36,225 | €89,711 | +€53,486 | +147.6% |
| Trade debts | 44 | €29,618 | €85,623 | +€56,005 | +189.1% |
| Suppliers | 440/4 | €29,618 | €85,623 | +€56,005 | +189.1% |
| Taxes, remuneration and social security | 45 | €6,607 | €4,088 | -€2,520 | -38.1% |
| Taxes | 450/3 | €6,607 | €4,088 | -€2,520 | -38.1% |
| Accrued charges and deferred income | 492/3 | - | €339 | +€339 | |
| Other operating charges | 640/8 | €1,021 | €528 | -€493 | -48.3% |
| Gross operating margin | 9900 | €34,164 | €16,646 | -€17,518 | -51.3% |
| Operating profit (loss) | 9901 | €33,143 | €16,118 | -€17,025 | -51.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1425.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1425.0% |
| Financial charges | 65/66B | €107 | €95 | -€12 | -11.3% |
| Recurring financial charges | 65 | €107 | €95 | -€12 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €33,036 | €16,024 | -€17,012 | -51.5% |
| Income taxes | 67/77 | €6,607 | €4,088 | -€2,520 | -38.1% |
| Profit (loss) for the period | 9904 | €26,429 | €11,936 | -€14,493 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,429 | €11,936 | -€14,493 | -54.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.