The Quality Group: 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.
The Quality Group
Largest movements
- Cash +€146,925
up €146,925 (+970%), from €15,151 to €162,075
mainly Debts after one year (+€167,313) and Other debts (+€51,702)
- Receivables within one year +€48,222
up €48,222 (+60.5%), from €79,717 to €127,939
of which Trade receivables: +€40,151
- Stocks and contracts +€40,417
up €40,417 (+36.7%), from €110,151 to €150,568
- Tangible fixed assets -€15,512
down €15,512 (-39.5%), from €39,245 to €23,733
of which Furniture and vehicles: -€11,830
- Deferred charges and accrued income -€8,848
down €8,848 (-93.9%), from €9,419 to €571
- Debts after one year +€167,313
up €167,313 (+252%), from €66,302 to €233,614
- Other debts +€51,702
up €51,702 (+563%), from €9,185 to €60,887
- Reserves -€45,785
down €45,785 (-34.3%), from €133,607 to €87,822
- Current portion of long-term debt +€35,357
up €35,357 (+98.8%), from €35,785 to €71,142
- Trade debts +€34,399
up €34,399 (+1,272%), from €2,705 to €37,104
- Gross operating margin -€44,051
down €44,051 (-61.1%), from €72,070 to €28,019
- Taxes -€8,068
down €8,068 (-95.2%), from €8,475 to €408
- Staff costs +€5,760
up €5,760 (+19.9%), from €28,982 to €34,742
- Depreciation -€3,427
down €3,427 (-16.2%), from €21,096 to €17,669
- Financial charges +€2,873
up €2,873 (+63.7%), from €4,511 to €7,383
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 | €255,564 | €466,349 | +€210,784 | +82.5% |
| Fixed assets | 21/28 | €41,128 | €25,196 | -€15,932 | -38.7% |
| Intangible fixed assets | 21 | €420 | - | -€420 | |
| Tangible fixed assets | 22/27 | €39,245 | €23,733 | -€15,512 | -39.5% |
| Plant, machinery and equipment | 23 | €1,364 | €1,639 | +€275 | +20.1% |
| Furniture and vehicles | 24 | €24,878 | €13,047 | -€11,830 | -47.6% |
| Other tangible fixed assets | 26 | €13,003 | €9,047 | -€3,956 | -30.4% |
| Financial fixed assets | 28 | €1,463 | €1,463 | = | 0.0% |
| Current assets | 29/58 | €214,437 | €441,153 | +€226,716 | +106% |
| Stocks and contracts in progress | 3 | €110,151 | €150,568 | +€40,417 | +36.7% |
| Stocks | 30/36 | €110,151 | €150,568 | +€40,417 | +36.7% |
| Amounts receivable within one year | 40/41 | €79,717 | €127,939 | +€48,222 | +60.5% |
| Trade receivables | 40 | €79,147 | €119,298 | +€40,151 | +50.7% |
| Other amounts receivable | 41 | €570 | €8,641 | +€8,071 | +1,416% |
| Cash at bank and in hand | 54/58 | €15,151 | €162,075 | +€146,925 | +970% |
| Deferred charges and accrued income | 490/1 | €9,419 | €571 | -€8,848 | -93.9% |
| Total equity and liabilities | 10/49 | €255,564 | €466,349 | +€210,784 | +82.5% |
| Equity | 10/15 | €139,807 | €60,443 | -€79,365 | -56.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,607 | €87,822 | -€45,785 | -34.3% |
| Distributable reserves | 133 | €133,607 | €87,822 | -€45,785 | -34.3% |
| Profit (loss) carried forward | 14 | - | -€33,580 | -€33,580 | |
| Amounts payable | 17/49 | €115,757 | €405,906 | +€290,149 | +251% |
| Amounts payable after more than one year | 17 | €66,302 | €233,614 | +€167,313 | +252% |
| Financial debts | 170/4 | €66,302 | €233,614 | +€167,313 | +252% |
| Amounts payable within one year | 42/48 | €49,456 | €171,924 | +€122,468 | +248% |
| Current portion of amounts payable after more than one year | 42 | €35,785 | €71,142 | +€35,357 | +98.8% |
| Trade debts | 44 | €2,705 | €37,104 | +€34,399 | +1,272% |
| Suppliers | 440/4 | €2,705 | €37,104 | +€34,399 | +1,272% |
| Taxes, remuneration and social security | 45 | €1,780 | €2,791 | +€1,011 | +56.8% |
| Taxes | 450/3 | €1,696 | €2,791 | +€1,095 | +64.5% |
| Remuneration and social security | 454/9 | €84 | - | -€84 | |
| Other amounts payable | 47/48 | €9,185 | €60,887 | +€51,702 | +563% |
| Accrued charges and deferred income | 492/3 | - | €368 | +€368 | |
| Non-recurring operating income | 76A | - | €2,920 | +€2,920 | |
| Remuneration, social security and pensions | 62 | €28,982 | €34,742 | +€5,760 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,096 | €17,669 | -€3,427 | -16.2% |
| Other operating charges | 640/8 | €1,524 | €1,443 | -€82 | -5.4% |
| Non-recurring operating charges | 66A | €1,091 | - | -€1,091 | |
| Gross operating margin | 9900 | €72,070 | €28,019 | -€44,051 | -61.1% |
| Operating profit (loss) | 9901 | €19,376 | -€25,835 | -€45,211 | |
| Financial income | 75/76B | €146 | €46 | -€99 | -68.2% |
| Recurring financial income | 75 | €146 | €46 | -€99 | -68.2% |
| Financial charges | 65/66B | €4,511 | €7,383 | +€2,873 | +63.7% |
| Recurring financial charges | 65 | €4,511 | €7,383 | +€2,873 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €15,011 | -€33,172 | -€48,183 | |
| Income taxes | 67/77 | €8,475 | €408 | -€8,068 | -95.2% |
| Profit (loss) for the period | 9904 | €6,536 | -€33,580 | -€40,116 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,536 | -€33,580 | -€40,116 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.