Quality voegwerken: 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 voegwerken
Largest movements
- Receivables within one year +€2,877
up €2,877 (+5.6%), from €51,407 to €54,284
of which Other amounts receivable: +€3,982
- Tangible fixed assets -€2,099
down €2,099 (-29.2%), from €7,198 to €5,098
of which Furniture and vehicles: -€2,700
- Cash +€1,113
up €1,113 (+53.2%), from €2,093 to €3,206
mainly Net result for the year (+€16,541) and Depreciation (+€2,760)
- Profit (loss) carried forward +€16,541
up €16,541, from -€4,691 to €11,850
- Other debts -€6,716
down €6,716 (-82.1%), from €8,181 to €1,466
- Short-term financial debts -€4,787
no longer reported in 2025 (was €4,787)
- Tax, wage and social debts -€3,365
down €3,365 (-10.3%), from €32,781 to €29,416
of which Remuneration and social security: -€8,269
- Gross operating margin -€3,608
down €3,608 (-12.4%), from €29,200 to €25,591
- Taxes +€1,887
up €1,887 (+48.7%), from €3,876 to €5,763
- Financial income +€1,214
up €1,214 (+10,256%), from €12 to €1,226
- Other operating charges +€489
up €489 (+56.7%), from €864 to €1,353
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 | €60,864 | €62,588 | +€1,725 | +2.8% |
| Fixed assets | 21/28 | €7,198 | €5,098 | -€2,099 | -29.2% |
| Tangible fixed assets | 22/27 | €7,198 | €5,098 | -€2,099 | -29.2% |
| Plant, machinery and equipment | 23 | - | €601 | +€601 | |
| Furniture and vehicles | 24 | €7,198 | €4,498 | -€2,700 | -37.5% |
| Current assets | 29/58 | €53,666 | €57,490 | +€3,824 | +7.1% |
| Amounts receivable within one year | 40/41 | €51,407 | €54,284 | +€2,877 | +5.6% |
| Trade receivables | 40 | €40,572 | €39,467 | -€1,105 | -2.7% |
| Other amounts receivable | 41 | €10,835 | €14,817 | +€3,982 | +36.8% |
| Cash at bank and in hand | 54/58 | €2,093 | €3,206 | +€1,113 | +53.2% |
| Deferred charges and accrued income | 490/1 | €166 | - | -€166 | |
| Total equity and liabilities | 10/49 | €60,864 | €62,588 | +€1,725 | +2.8% |
| Equity | 10/15 | €14,292 | €30,833 | +€16,541 | +116% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €383 | €383 | = | 0.0% |
| Non-distributable reserves | 130/1 | €383 | €383 | = | 0.0% |
| Reserves not available under the articles | 1311 | €383 | €383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,691 | €11,850 | +€16,541 | |
| Amounts payable | 17/49 | €46,572 | €31,755 | -€14,816 | -31.8% |
| Amounts payable within one year | 42/48 | €46,572 | €31,755 | -€14,816 | -31.8% |
| Financial debts | 43 | €4,787 | - | -€4,787 | |
| Credit institutions | 430/8 | €4,787 | - | -€4,787 | |
| Trade debts | 44 | €822 | €874 | +€52 | +6.3% |
| Suppliers | 440/4 | €822 | €874 | +€52 | +6.3% |
| Taxes, remuneration and social security | 45 | €32,781 | €29,416 | -€3,365 | -10.3% |
| Taxes | 450/3 | €24,512 | €29,416 | +€4,904 | +20.0% |
| Remuneration and social security | 454/9 | €8,269 | - | -€8,269 | |
| Other amounts payable | 47/48 | €8,181 | €1,466 | -€6,716 | -82.1% |
| Remuneration, social security and pensions | 62 | €323 | €210 | -€114 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,700 | €2,760 | +€60 | +2.2% |
| Other operating charges | 640/8 | €864 | €1,353 | +€489 | +56.7% |
| Gross operating margin | 9900 | €29,200 | €25,591 | -€3,608 | -12.4% |
| Operating profit (loss) | 9901 | €25,313 | €21,268 | -€4,045 | -16.0% |
| Financial income | 75/76B | €12 | €1,226 | +€1,214 | +10,256% |
| Recurring financial income | 75 | €12 | €1,226 | +€1,214 | +10,256% |
| Financial charges | 65/66B | €290 | €191 | -€99 | -34.3% |
| Recurring financial charges | 65 | €290 | €191 | -€99 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €25,034 | €22,303 | -€2,731 | -10.9% |
| Income taxes | 67/77 | €3,876 | €5,763 | +€1,887 | +48.7% |
| Profit (loss) for the period | 9904 | €21,159 | €16,541 | -€4,618 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,159 | €16,541 | -€4,618 | -21.8% |
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 30 October 2026 via checked.be.