QUOILITY: 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.
QUOILITY
Largest movements
- Stocks and contracts -€586,917
down €586,917 (-65.8%), from €892,463 to €305,546
- Receivables within one year -€64,665
down €64,665 (-27.4%), from €235,711 to €171,046
of which Trade receivables: -€61,339
- Cash +€12,835
up €12,835 (+104%), from €12,333 to €25,169
mainly Stocks and contracts (+€586,917) and Receivables within one year (+€64,665)
- Trade debts -€382,594
down €382,594 (-74.1%), from €516,571 to €133,977
- Short-term financial debts -€150,000
down €150,000 (-25.0%), from €600,000 to €450,000
- Other debts -€148,909
down €148,909 (-99.3%), from €150,000 to €1,091
- Profit (loss) carried forward +€43,207
up €43,207 (+25.3%), from -€170,627 to -€127,420
- Tax, wage and social debts -€15,359
down €15,359 (-31.1%), from €49,344 to €33,985
of which Taxes: -€11,652
- Financial charges -€18,826
down €18,826 (-44.4%), from €42,360 to €23,534
- Write-downs -€17,307
down €17,307, from €10,304 to -€7,003
- Gross operating margin +€11,047
up €11,047 (+8.6%), from €128,752 to €139,799
- Staff costs -€6,597
down €6,597 (-10.8%), from €60,961 to €54,364
- Financial income +€3,071
up €3,071 (+153,565%), from €2 to €3,073
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 | €1,219,988 | €566,983 | -€653,005 | -53.5% |
| Fixed assets | 21/28 | €78,050 | €64,394 | -€13,655 | -17.5% |
| Intangible fixed assets | 21 | €6,656 | €0 | -€6,656 | -100% |
| Tangible fixed assets | 22/27 | €71,394 | €64,394 | -€7,000 | -9.8% |
| Plant, machinery and equipment | 23 | €30,347 | €25,859 | -€4,488 | -14.8% |
| Furniture and vehicles | 24 | €13,074 | €15,344 | +€2,270 | +17.4% |
| Other tangible fixed assets | 26 | €27,973 | €23,191 | -€4,782 | -17.1% |
| Current assets | 29/58 | €1,141,939 | €502,589 | -€639,350 | -56.0% |
| Stocks and contracts in progress | 3 | €892,463 | €305,546 | -€586,917 | -65.8% |
| Stocks | 30/36 | €892,463 | €305,546 | -€586,917 | -65.8% |
| Amounts receivable within one year | 40/41 | €235,711 | €171,046 | -€64,665 | -27.4% |
| Trade receivables | 40 | €230,947 | €169,608 | -€61,339 | -26.6% |
| Other amounts receivable | 41 | €4,764 | €1,437 | -€3,327 | -69.8% |
| Cash at bank and in hand | 54/58 | €12,333 | €25,169 | +€12,835 | +104% |
| Deferred charges and accrued income | 490/1 | €1,431 | €829 | -€603 | -42.1% |
| Total equity and liabilities | 10/49 | €1,219,988 | €566,983 | -€653,005 | -53.5% |
| Equity | 10/15 | -€130,627 | -€87,420 | +€43,207 | +33.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,627 | -€127,420 | +€43,207 | +25.3% |
| Amounts payable | 17/49 | €1,350,615 | €654,403 | -€696,212 | -51.5% |
| Amounts payable within one year | 42/48 | €1,350,615 | €653,953 | -€696,662 | -51.6% |
| Financial debts | 43 | €600,000 | €450,000 | -€150,000 | -25.0% |
| Credit institutions | 430/8 | €600,000 | €450,000 | -€150,000 | -25.0% |
| Trade debts | 44 | €516,571 | €133,977 | -€382,594 | -74.1% |
| Suppliers | 440/4 | €516,571 | €133,977 | -€382,594 | -74.1% |
| Advances received on contracts in progress | 46 | €34,700 | €34,900 | +€200 | +0.6% |
| Taxes, remuneration and social security | 45 | €49,344 | €33,985 | -€15,359 | -31.1% |
| Taxes | 450/3 | €37,268 | €25,616 | -€11,652 | -31.3% |
| Remuneration and social security | 454/9 | €12,076 | €8,369 | -€3,707 | -30.7% |
| Other amounts payable | 47/48 | €150,000 | €1,091 | -€148,909 | -99.3% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Remuneration, social security and pensions | 62 | €60,961 | €54,364 | -€6,597 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,336 | €11,427 | -€2,909 | -20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,304 | -€7,003 | -€17,307 | |
| Other operating charges | 640/8 | €1,629 | €2,896 | +€1,267 | +77.8% |
| Non-recurring operating charges | 66A | - | €13,958 | +€13,958 | |
| Gross operating margin | 9900 | €128,752 | €139,799 | +€11,047 | +8.6% |
| Operating profit (loss) | 9901 | €41,522 | €64,157 | +€22,634 | +54.5% |
| Financial income | 75/76B | €2 | €3,073 | +€3,071 | +153,565% |
| Recurring financial income | 75 | €2 | €3,073 | +€3,071 | +153,565% |
| Financial charges | 65/66B | €42,360 | €23,534 | -€18,826 | -44.4% |
| Recurring financial charges | 65 | €42,360 | €23,534 | -€18,826 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | -€835 | €43,696 | +€44,531 | |
| Income taxes | 67/77 | -€1 | €489 | +€490 | |
| Profit (loss) for the period | 9904 | -€834 | €43,207 | +€44,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€834 | €43,207 | +€44,041 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.