CUARTO: 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.
CUARTO
Largest movements
- Tangible fixed assets -€65,126
down €65,126 (-42.5%), from €153,142 to €88,016
- Deferred charges and accrued income -€13,626
down €13,626 (-94.7%), from €14,387 to €761
- Cash +€8,386
up €8,386 (+7.8%), from €107,651 to €116,038
mainly Investment in fixed assets (net) (+€38,810) and Depreciation (+€26,317)
- Profit (loss) carried forward -€75,903
down €75,903 (-1444.7%), from -€5,254 to -€81,156
- Trade debts +€18,454
up €18,454 (+84.1%), from €21,940 to €40,395
- Debts after one year -€14,793
down €14,793 (-11.5%), from €128,734 to €113,941
- Tax, wage and social debts +€10,211
up €10,211 (+29.4%), from €34,771 to €44,982
of which Remuneration and social security: +€7,891
- Current portion of long-term debt -€8,222
down €8,222 (-35.8%), from €22,973 to €14,751
- Other operating charges +€29,423
up €29,423 (+1125.4%), from €2,615 to €32,038
- Staff costs +€25,403
up €25,403 (+11.5%), from €221,825 to €247,228
- Gross operating margin -€25,238
down €25,238 (-9.5%), from €264,542 to €239,304
- Depreciation -€9,043
down €9,043 (-25.6%), from €35,360 to €26,317
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,726 | €219,474 | -€70,252 | -24.2% |
| Fixed assets | 21/28 | €153,492 | €88,366 | -€65,126 | -42.4% |
| Tangible fixed assets | 22/27 | €153,142 | €88,016 | -€65,126 | -42.5% |
| Plant, machinery and equipment | 23 | €37,795 | €7,100 | -€30,695 | -81.2% |
| Furniture and vehicles | 24 | €48,108 | €25,277 | -€22,830 | -47.5% |
| Other tangible fixed assets | 26 | €67,239 | €55,638 | -€11,601 | -17.3% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €136,234 | €131,108 | -€5,126 | -3.8% |
| Stocks and contracts in progress | 3 | €1,827 | €1,881 | +€54 | +3.0% |
| Stocks | 30/36 | €1,827 | €1,881 | +€54 | +3.0% |
| Amounts receivable within one year | 40/41 | €12,370 | €12,428 | +€59 | +0.5% |
| Trade receivables | 40 | €15 | €2,738 | +€2,723 | +18150.0% |
| Other amounts receivable | 41 | €12,355 | €9,691 | -€2,664 | -21.6% |
| Cash at bank and in hand | 54/58 | €107,651 | €116,038 | +€8,386 | +7.8% |
| Deferred charges and accrued income | 490/1 | €14,387 | €761 | -€13,626 | -94.7% |
| Total equity and liabilities | 10/49 | €289,726 | €219,474 | -€70,252 | -24.2% |
| Equity | 10/15 | €80,872 | €4,970 | -€75,903 | -93.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,526 | €67,526 | = | 0.0% |
| Distributable reserves | 133 | €67,526 | €67,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,254 | -€81,156 | -€75,903 | -1444.7% |
| Amounts payable | 17/49 | €208,854 | €214,504 | +€5,650 | +2.7% |
| Amounts payable after more than one year | 17 | €128,734 | €113,941 | -€14,793 | -11.5% |
| Financial debts | 170/4 | €128,734 | €113,941 | -€14,793 | -11.5% |
| Amounts payable within one year | 42/48 | €80,120 | €100,563 | +€20,443 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €22,973 | €14,751 | -€8,222 | -35.8% |
| Trade debts | 44 | €21,940 | €40,395 | +€18,454 | +84.1% |
| Suppliers | 440/4 | €21,940 | €40,395 | +€18,454 | +84.1% |
| Taxes, remuneration and social security | 45 | €34,771 | €44,982 | +€10,211 | +29.4% |
| Taxes | 450/3 | €3,321 | €5,641 | +€2,320 | +69.8% |
| Remuneration and social security | 454/9 | €31,450 | €39,341 | +€7,891 | +25.1% |
| Other amounts payable | 47/48 | €436 | €436 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €221,825 | €247,228 | +€25,403 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,360 | €26,317 | -€9,043 | -25.6% |
| Other operating charges | 640/8 | €2,615 | €32,038 | +€29,423 | +1125.4% |
| Gross operating margin | 9900 | €264,542 | €239,304 | -€25,238 | -9.5% |
| Operating profit (loss) | 9901 | €4,742 | -€66,278 | -€71,021 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €8,652 | €9,420 | +€768 | +8.9% |
| Recurring financial charges | 65 | €8,652 | €9,420 | +€768 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,909 | -€75,698 | -€71,789 | -1836.6% |
| Income taxes | 67/77 | €1,345 | €205 | -€1,140 | -84.8% |
| Profit (loss) for the period | 9904 | -€5,254 | -€75,903 | -€70,649 | -1344.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,254 | -€75,903 | -€70,649 | -1344.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.