Bavo Quintelier: 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.
Bavo Quintelier
Largest movements
- Cash +€34,721
up €34,721 (+34.6%), from €100,299 to €135,019
mainly Net result for the year (+€47,014) and Receivables within one year (+€2,865)
- Receivables within one year -€2,865
down €2,865 (-22.7%), from €12,604 to €9,739
- Tangible fixed assets +€1,944
up €1,944 (+47.6%), from €4,086 to €6,030
- Profit (loss) carried forward +€47,014
up €47,014 (+50.8%), from €92,559 to €139,572
- Tax, wage and social debts -€10,036
down €10,036 (-58.5%), from €17,149 to €7,113
- Other debts -€1,722
down €1,722 (-95.8%), from €1,798 to €76
- Trade debts -€1,686
down €1,686 (-98.4%), from €1,713 to €27
- Gross operating margin +€11,465
up €11,465 (+22.8%), from €50,276 to €61,741
- Taxes +€2,037
up €2,037 (+20.1%), from €10,114 to €12,151
- Depreciation +€1,299
up €1,299 (+130%), from €997 to €2,296
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 | €117,219 | €150,789 | +€33,569 | +28.6% |
| Fixed assets | 21/28 | €4,086 | €6,030 | +€1,944 | +47.6% |
| Tangible fixed assets | 22/27 | €4,086 | €6,030 | +€1,944 | +47.6% |
| Furniture and vehicles | 24 | €4,086 | €6,030 | +€1,944 | +47.6% |
| Current assets | 29/58 | €113,133 | €144,758 | +€31,625 | +28.0% |
| Amounts receivable within one year | 40/41 | €12,604 | €9,739 | -€2,865 | -22.7% |
| Trade receivables | 40 | €12,604 | €9,739 | -€2,865 | -22.7% |
| Cash at bank and in hand | 54/58 | €100,299 | €135,019 | +€34,721 | +34.6% |
| Deferred charges and accrued income | 490/1 | €230 | €0 | -€230 | -100% |
| Total equity and liabilities | 10/49 | €117,219 | €150,789 | +€33,569 | +28.6% |
| Equity | 10/15 | €96,559 | €143,572 | +€47,014 | +48.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,559 | €139,572 | +€47,014 | +50.8% |
| Amounts payable | 17/49 | €20,661 | €7,216 | -€13,444 | -65.1% |
| Amounts payable within one year | 42/48 | €20,661 | €7,216 | -€13,444 | -65.1% |
| Trade debts | 44 | €1,713 | €27 | -€1,686 | -98.4% |
| Suppliers | 440/4 | €1,713 | €27 | -€1,686 | -98.4% |
| Taxes, remuneration and social security | 45 | €17,149 | €7,113 | -€10,036 | -58.5% |
| Taxes | 450/3 | €17,149 | €7,113 | -€10,036 | -58.5% |
| Other amounts payable | 47/48 | €1,798 | €76 | -€1,722 | -95.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €997 | €2,296 | +€1,299 | +130% |
| Other operating charges | 640/8 | €0 | €141 | +€141 | |
| Gross operating margin | 9900 | €50,276 | €61,741 | +€11,465 | +22.8% |
| Operating profit (loss) | 9901 | €49,279 | €59,304 | +€10,025 | +20.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €58 | €139 | +€81 | +141% |
| Recurring financial charges | 65 | €58 | €139 | +€81 | +141% |
| Profit (loss) for the period before taxes | 9903 | €49,221 | €59,165 | +€9,943 | +20.2% |
| Income taxes | 67/77 | €10,114 | €12,151 | +€2,037 | +20.1% |
| Profit (loss) for the period | 9904 | €39,108 | €47,014 | +€7,906 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,108 | €47,014 | +€7,906 | +20.2% |
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 14 October 2026 via checked.be.