Quality Work: what changed
Quality Work
Largest movements
- Cash +€42,372
up €42,372 (+377%), from €11,243 to €53,615
mainly Net result for the year (+€49,941) and Tax, wage and social debts (+€13,897)
- Financial fixed assets +€6,800
new in 2025: €6,800
- Tangible fixed assets +€4,107
up €4,107 (+10.6%), from €38,913 to €43,020
of which Furniture and vehicles: +€4,369
- Receivables within one year -€2,669
down €2,669 (-21.4%), from €12,448 to €9,778
- Profit (loss) carried forward +€49,941
up €49,941, from -€28,843 to €21,098
- Other debts -€16,370
down €16,370 (-31.5%), from €51,923 to €35,553
- Tax, wage and social debts +€13,897
new in 2025: €13,897
of which Remuneration and social security: +€11,615
- Trade debts +€3,141
up €3,141 (+12.8%), from €24,464 to €27,605
- Gross operating margin +€148,369
up €148,369 (+831%), from €17,852 to €166,221
- Staff costs +€50,934
up €50,934 (+23,540%), from €216 to €51,150
- Write-downs +€47,078
new in 2025: €47,078
- Other operating charges +€7,580
new in 2025: €7,580
- Depreciation +€5,649
up €5,649 (+121%), from €4,666 to €10,315
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,604 | €113,213 | +€50,609 | +80.8% |
| Fixed assets | 21/28 | €38,913 | €49,820 | +€10,907 | +28.0% |
| Tangible fixed assets | 22/27 | €38,913 | €43,020 | +€4,107 | +10.6% |
| Plant, machinery and equipment | 23 | €488 | €225 | -€263 | -53.8% |
| Furniture and vehicles | 24 | €38,425 | €42,794 | +€4,369 | +11.4% |
| Financial fixed assets | 28 | - | €6,800 | +€6,800 | |
| Current assets | 29/58 | €23,691 | €63,393 | +€39,702 | +168% |
| Amounts receivable within one year | 40/41 | €12,448 | €9,778 | -€2,669 | -21.4% |
| Other amounts receivable | 41 | €12,448 | €9,778 | -€2,669 | -21.4% |
| Cash at bank and in hand | 54/58 | €11,243 | €53,615 | +€42,372 | +377% |
| Total equity and liabilities | 10/49 | €62,604 | €113,213 | +€50,609 | +80.8% |
| Equity | 10/15 | -€13,783 | €36,158 | +€49,941 | |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,843 | €21,098 | +€49,941 | |
| Amounts payable | 17/49 | €76,386 | €77,055 | +€668 | +0.9% |
| Amounts payable within one year | 42/48 | €76,386 | €77,055 | +€668 | +0.9% |
| Trade debts | 44 | €24,464 | €27,605 | +€3,141 | +12.8% |
| Suppliers | 440/4 | €24,464 | €27,605 | +€3,141 | +12.8% |
| Taxes, remuneration and social security | 45 | - | €13,897 | +€13,897 | |
| Taxes | 450/3 | - | €2,282 | +€2,282 | |
| Remuneration and social security | 454/9 | - | €11,615 | +€11,615 | |
| Other amounts payable | 47/48 | €51,923 | €35,553 | -€16,370 | -31.5% |
| Remuneration, social security and pensions | 62 | €216 | €51,150 | +€50,934 | +23,540% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,666 | €10,315 | +€5,649 | +121% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €47,078 | +€47,078 | |
| Other operating charges | 640/8 | - | €7,580 | +€7,580 | |
| Gross operating margin | 9900 | €17,852 | €166,221 | +€148,369 | +831% |
| Operating profit (loss) | 9901 | €12,969 | €50,098 | +€37,128 | +286% |
| Financial income | 75/76B | - | €127 | +€127 | |
| Recurring financial income | 75 | - | €127 | +€127 | |
| Non-recurring financial income | 76B | - | €127 | +€127 | |
| Financial charges | 65/66B | €248 | €284 | +€36 | +14.4% |
| Recurring financial charges | 65 | €248 | €284 | +€36 | +14.4% |
| Non-recurring financial charges | 66B | - | €284 | +€284 | |
| Profit (loss) for the period before taxes | 9903 | €12,721 | €49,941 | +€37,220 | +293% |
| Profit (loss) for the period | 9904 | €12,721 | €49,941 | +€37,220 | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €12,721 | €49,941 | +€37,220 | +293% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.