QUALITY WINDOWS: 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 WINDOWS
Largest movements
- Receivables within one year +€40,124
up €40,124 (+101.5%), from €39,522 to €79,647
of which Other amounts receivable: +€38,699
- Deferred charges and accrued income -€4,462
down €4,462 (-32.1%), from €13,882 to €9,420
- Reserves +€33,075
up €33,075 (+29.6%), from €111,733 to €144,808
of which Distributable reserves: +€33,075
- Tax, wage and social debts +€4,583
up €4,583 (+9.9%), from €46,494 to €51,077
of which Taxes: +€4,133
- Debts after one year -€3,469
down €3,469 (-100.0%), from €3,469 to €0
- Short-term financial debts +€2,631
up €2,631 (+112.4%), from €2,340 to €4,971
- Gross operating margin +€13,424
up €13,424 (+33.1%), from €40,510 to €53,934
- Taxes +€3,461
up €3,461 (+22.7%), from €15,275 to €18,736
- Financial income +€1,363
up €1,363 (+27.9%), from €4,879 to €6,242
- Other operating charges +€898
up €898 (+44.0%), from €2,041 to €2,939
- Financial charges +€616
up €616 (+13.5%), from €4,555 to €5,171
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.
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 | €180,771 | €216,179 | +€35,408 | +19.6% |
| Fixed assets | 21/28 | €2,305 | €2,050 | -€255 | -11.1% |
| Tangible fixed assets | 22/27 | €2,290 | €2,035 | -€255 | -11.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,290 | €2,035 | -€255 | -11.1% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €178,466 | €214,129 | +€35,663 | +20.0% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,522 | €79,647 | +€40,124 | +101.5% |
| Trade receivables | 40 | €4,681 | €6,106 | +€1,425 | +30.4% |
| Other amounts receivable | 41 | €34,842 | €73,541 | +€38,699 | +111.1% |
| Cash at bank and in hand | 54/58 | €62 | €62 | +€0 | +0.5% |
| Deferred charges and accrued income | 490/1 | €13,882 | €9,420 | -€4,462 | -32.1% |
| Total equity and liabilities | 10/49 | €180,771 | €216,179 | +€35,408 | +19.6% |
| Equity | 10/15 | €117,933 | €151,008 | +€33,075 | +28.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,733 | €144,808 | +€33,075 | +29.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €109,733 | €142,808 | +€33,075 | +30.1% |
| Amounts payable | 17/49 | €62,838 | €65,170 | +€2,333 | +3.7% |
| Amounts payable after more than one year | 17 | €3,469 | €0 | -€3,469 | -100.0% |
| Financial debts | 170/4 | €3,469 | €0 | -€3,469 | -100.0% |
| Amounts payable within one year | 42/48 | €59,307 | €65,142 | +€5,835 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €3,332 | €3,469 | +€137 | +4.1% |
| Financial debts | 43 | €2,340 | €4,971 | +€2,631 | +112.4% |
| Credit institutions | 430/8 | €2,340 | €4,971 | +€2,631 | +112.4% |
| Trade debts | 44 | €7,141 | €5,625 | -€1,516 | -21.2% |
| Suppliers | 440/4 | €7,141 | €5,625 | -€1,516 | -21.2% |
| Taxes, remuneration and social security | 45 | €46,494 | €51,077 | +€4,583 | +9.9% |
| Taxes | 450/3 | €46,494 | €50,627 | +€4,133 | +8.9% |
| Remuneration and social security | 454/9 | - | €450 | +€450 | |
| Accrued charges and deferred income | 492/3 | €62 | €28 | -€34 | -54.2% |
| Non-recurring operating income | 76A | €4,525 | €0 | -€4,525 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498 | €255 | -€244 | -48.9% |
| Other operating charges | 640/8 | €2,041 | €2,939 | +€898 | +44.0% |
| Gross operating margin | 9900 | €40,510 | €53,934 | +€13,424 | +33.1% |
| Operating profit (loss) | 9901 | €37,971 | €50,740 | +€12,769 | +33.6% |
| Financial income | 75/76B | €4,879 | €6,242 | +€1,363 | +27.9% |
| Recurring financial income | 75 | €4,879 | €6,242 | +€1,363 | +27.9% |
| Financial charges | 65/66B | €4,555 | €5,171 | +€616 | +13.5% |
| Recurring financial charges | 65 | €4,555 | €5,171 | +€616 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €38,295 | €51,811 | +€13,516 | +35.3% |
| Income taxes | 67/77 | €15,275 | €18,736 | +€3,461 | +22.7% |
| Profit (loss) for the period | 9904 | €23,020 | €33,075 | +€10,055 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,020 | €33,075 | +€10,055 | +43.7% |
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 1 October 2026 via checked.be.