TQUALITY: 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.
TQUALITY
Largest movements
- Receivables within one year +€7,748
up €7,748 (+64.1%), from €12,093 to €19,841
of which Other amounts receivable: +€6,188
- Cash -€7,234
down €7,234 (-16.9%), from €42,717 to €35,482
mainly Contributions, distributions and other (-€24,671) and Other debts (-€14,171)
- Tangible fixed assets -€2,027
down €2,027 (-18.0%), from €11,245 to €9,218
of which Furniture and vehicles: -€1,653
- Deferred charges and accrued income -€1,076
down €1,076 (-100.0%), from €1,076 to €0
- Other debts -€14,171
down €14,171 (-38.2%), from €37,108 to €22,938
- Reserves +€12,252
up €12,252 (+49.5%), from €24,761 to €37,013
- Tax, wage and social debts -€885
down €885 (-34.1%), from €2,592 to €1,708
- Depreciation -€5,477
down €5,477 (-80.6%), from €6,798 to €1,321
- Taxes -€3,533
down €3,533 (-48.1%), from €7,345 to €3,812
- Gross operating margin +€3,315
up €3,315 (+8.3%), from €40,168 to €43,482
- Financial charges +€1,138
up €1,138 (+1485.6%), from €77 to €1,215
- Other operating charges -€977
down €977 (-82.2%), from €1,189 to €212
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 | €67,131 | €64,542 | -€2,589 | -3.9% |
| Fixed assets | 21/28 | €11,245 | €9,218 | -€2,027 | -18.0% |
| Tangible fixed assets | 22/27 | €11,245 | €9,218 | -€2,027 | -18.0% |
| Plant, machinery and equipment | 23 | €538 | €165 | -€373 | -69.4% |
| Furniture and vehicles | 24 | €10,707 | €9,054 | -€1,653 | -15.4% |
| Current assets | 29/58 | €55,886 | €55,323 | -€562 | -1.0% |
| Amounts receivable within one year | 40/41 | €12,093 | €19,841 | +€7,748 | +64.1% |
| Trade receivables | 40 | €9,438 | €10,999 | +€1,561 | +16.5% |
| Other amounts receivable | 41 | €2,655 | €8,842 | +€6,188 | +233.1% |
| Cash at bank and in hand | 54/58 | €42,717 | €35,482 | -€7,234 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,076 | €0 | -€1,076 | -100.0% |
| Total equity and liabilities | 10/49 | €67,131 | €64,542 | -€2,589 | -3.9% |
| Equity | 10/15 | €27,261 | €39,513 | +€12,252 | +44.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,761 | €37,013 | +€12,252 | +49.5% |
| Distributable reserves | 133 | €24,761 | €37,013 | +€12,252 | +49.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,870 | €25,029 | -€14,841 | -37.2% |
| Amounts payable within one year | 42/48 | €39,870 | €25,029 | -€14,841 | -37.2% |
| Trade debts | 44 | €169 | €384 | +€214 | +126.4% |
| Suppliers | 440/4 | €169 | €384 | +€214 | +126.4% |
| Taxes, remuneration and social security | 45 | €2,592 | €1,708 | -€885 | -34.1% |
| Taxes | 450/3 | €2,592 | €1,708 | -€885 | -34.1% |
| Other amounts payable | 47/48 | €37,108 | €22,938 | -€14,171 | -38.2% |
| Non-recurring operating income | 76A | - | €10,184 | +€10,184 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,798 | €1,321 | -€5,477 | -80.6% |
| Other operating charges | 640/8 | €1,189 | €212 | -€977 | -82.2% |
| Gross operating margin | 9900 | €40,168 | €43,482 | +€3,315 | +8.3% |
| Operating profit (loss) | 9901 | €32,180 | €41,950 | +€9,769 | +30.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €77 | €1,215 | +€1,138 | +1485.6% |
| Recurring financial charges | 65 | €77 | €1,215 | +€1,138 | +1485.6% |
| Profit (loss) for the period before taxes | 9903 | €32,106 | €40,735 | +€8,629 | +26.9% |
| Income taxes | 67/77 | €7,345 | €3,812 | -€3,533 | -48.1% |
| Profit (loss) for the period | 9904 | €24,761 | €36,923 | +€12,162 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,761 | €36,923 | +€12,162 | +49.1% |
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 7 October 2026 via checked.be.