The quality guru: 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 guru
Largest movements
- Receivables within one year +€45,627
up €45,627 (+199%), from €22,932 to €68,559
of which Other amounts receivable: +€46,687
- Cash +€5,043
up €5,043 (+8.8%), from €57,049 to €62,092
mainly Net result for the year (+€69,827) and Depreciation (+€4,818)
- Tangible fixed assets -€4,818
down €4,818 (-21.3%), from €22,645 to €17,827
of which Furniture and vehicles: -€2,449
- Current investments +€3,010
up €3,010 (+199%), from €1,512 to €4,522
- Profit (loss) carried forward +€69,827
up €69,827, from €0 to €69,827
- Tax, wage and social debts -€11,954
down €11,954 (-73.2%), from €16,323 to €4,369
- Other debts -€7,878
down €7,878 (-100%), from €7,878 to €0
- Gross operating margin -€3,293
down €3,293 (-3.3%), from €98,482 to €95,189
- Write-downs -€3,000
new in 2025: -€3,000
- Other operating charges +€2,807
up €2,807 (+291%), from €964 to €3,771
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 | €156,983 | €206,008 | +€49,025 | +31.2% |
| Fixed assets | 21/28 | €22,645 | €17,827 | -€4,818 | -21.3% |
| Tangible fixed assets | 22/27 | €22,645 | €17,827 | -€4,818 | -21.3% |
| Plant, machinery and equipment | 23 | €15,064 | €12,695 | -€2,369 | -15.7% |
| Furniture and vehicles | 24 | €7,581 | €5,132 | -€2,449 | -32.3% |
| Current assets | 29/58 | €134,338 | €188,181 | +€53,843 | +40.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,932 | €68,559 | +€45,627 | +199% |
| Trade receivables | 40 | €22,847 | €21,788 | -€1,060 | -4.6% |
| Other amounts receivable | 41 | €84 | €46,771 | +€46,687 | +55,467% |
| Current investments | 50/53 | €1,512 | €4,522 | +€3,010 | +199% |
| Cash at bank and in hand | 54/58 | €57,049 | €62,092 | +€5,043 | +8.8% |
| Deferred charges and accrued income | 490/1 | €2,846 | €3,008 | +€162 | +5.7% |
| Total equity and liabilities | 10/49 | €156,983 | €206,008 | +€49,025 | +31.2% |
| Equity | 10/15 | €130,887 | €200,714 | +€69,827 | +53.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €127,887 | €127,887 | = | 0.0% |
| Distributable reserves | 133 | €127,887 | €127,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €69,827 | +€69,827 | |
| Amounts payable | 17/49 | €26,096 | €5,294 | -€20,802 | -79.7% |
| Amounts payable within one year | 42/48 | €26,096 | €5,294 | -€20,802 | -79.7% |
| Trade debts | 44 | €1,896 | €926 | -€970 | -51.2% |
| Suppliers | 440/4 | €1,896 | €926 | -€970 | -51.2% |
| Taxes, remuneration and social security | 45 | €16,323 | €4,369 | -€11,954 | -73.2% |
| Taxes | 450/3 | €16,323 | €4,369 | -€11,954 | -73.2% |
| Other amounts payable | 47/48 | €7,878 | €0 | -€7,878 | -100% |
| Non-recurring operating income | 76A | €5,465 | €0 | -€5,465 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,324 | €4,818 | +€494 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,000 | -€3,000 | |
| Other operating charges | 640/8 | €964 | €3,771 | +€2,807 | +291% |
| Gross operating margin | 9900 | €98,482 | €95,189 | -€3,293 | -3.3% |
| Operating profit (loss) | 9901 | €93,194 | €89,600 | -€3,594 | -3.9% |
| Financial income | 75/76B | €1,327 | €1,452 | +€125 | +9.4% |
| Recurring financial income | 75 | €1,327 | €1,452 | +€125 | +9.4% |
| Financial charges | 65/66B | €2,961 | €2,451 | -€510 | -17.2% |
| Recurring financial charges | 65 | €2,961 | €2,451 | -€510 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €91,561 | €88,601 | -€2,960 | -3.2% |
| Income taxes | 67/77 | €19,450 | €18,774 | -€675 | -3.5% |
| Profit (loss) for the period | 9904 | €72,111 | €69,827 | -€2,284 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,111 | €69,827 | -€2,284 | -3.2% |
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 24 October 2026 via checked.be.