Ets Quentin Halot: 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.
Ets Quentin Halot
Largest movements
- Receivables within one year +€55,664
up €55,664 (+46.7%), from €119,206 to €174,870
of which Trade receivables: +€53,233
- Cash -€28,248
down €28,248 (-48.8%), from €57,833 to €29,585
mainly Receivables within one year (-€55,664) and Trade debts (-€51,756)
- Tangible fixed assets -€12,822
down €12,822 (-54.3%), from €23,633 to €10,812
of which Plant, machinery and equipment: -€9,375
- Stocks and contracts -€12,068
down €12,068 (-57.0%), from €21,172 to €9,104
- Reserves +€54,000
up €54,000 (+151%), from €35,860 to €89,860
of which Distributable reserves: +€54,000
- Trade debts -€51,756
down €51,756 (-30.7%), from €168,849 to €117,092
- Profit (loss) carried forward +€43,194
up €43,194, from -€40,821 to €2,373
- Tax, wage and social debts -€18,986
down €18,986 (-78.3%), from €24,243 to €5,257
of which Taxes: -€12,355
- Current portion of long-term debt -€10,553
down €10,553 (-73.1%), from €14,443 to €3,890
- Gross operating margin +€69,852
up €69,852 (+69.7%), from €100,172 to €170,024
- Depreciation -€12,383
down €12,383 (-49.1%), from €25,205 to €12,822
- Taxes +€12,162
new in 2025: €12,162
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 | €224,681 | €227,046 | +€2,365 | +1.1% |
| Fixed assets | 21/28 | €23,683 | €10,862 | -€12,822 | -54.1% |
| Tangible fixed assets | 22/27 | €23,633 | €10,812 | -€12,822 | -54.3% |
| Plant, machinery and equipment | 23 | €13,103 | €3,727 | -€9,375 | -71.6% |
| Furniture and vehicles | 24 | €10,531 | €7,084 | -€3,446 | -32.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €200,998 | €216,185 | +€15,187 | +7.6% |
| Stocks and contracts in progress | 3 | €21,172 | €9,104 | -€12,068 | -57.0% |
| Stocks | 30/36 | €21,172 | €9,104 | -€12,068 | -57.0% |
| Amounts receivable within one year | 40/41 | €119,206 | €174,870 | +€55,664 | +46.7% |
| Trade receivables | 40 | €116,372 | €169,604 | +€53,233 | +45.7% |
| Other amounts receivable | 41 | €2,834 | €5,265 | +€2,431 | +85.8% |
| Cash at bank and in hand | 54/58 | €57,833 | €29,585 | -€28,248 | -48.8% |
| Deferred charges and accrued income | 490/1 | €2,786 | €2,626 | -€161 | -5.8% |
| Total equity and liabilities | 10/49 | €224,681 | €227,046 | +€2,365 | +1.1% |
| Equity | 10/15 | €1,239 | €98,433 | +€97,194 | +7,844% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,860 | €89,860 | +€54,000 | +151% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €88,000 | +€54,000 | +159% |
| Profit (loss) carried forward | 14 | -€40,821 | €2,373 | +€43,194 | |
| Amounts payable | 17/49 | €223,442 | €128,613 | -€94,829 | -42.4% |
| Amounts payable after more than one year | 17 | €3,890 | - | -€3,890 | |
| Financial debts | 170/4 | €3,890 | - | -€3,890 | |
| Amounts payable within one year | 42/48 | €218,902 | €127,963 | -€90,939 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €14,443 | €3,890 | -€10,553 | -73.1% |
| Trade debts | 44 | €168,849 | €117,092 | -€51,756 | -30.7% |
| Suppliers | 440/4 | €168,849 | €117,092 | -€51,756 | -30.7% |
| Advances received on contracts in progress | 46 | €9,577 | €893 | -€8,684 | -90.7% |
| Taxes, remuneration and social security | 45 | €24,243 | €5,257 | -€18,986 | -78.3% |
| Taxes | 450/3 | €13,849 | €1,494 | -€12,355 | -89.2% |
| Remuneration and social security | 454/9 | €10,394 | €3,764 | -€6,631 | -63.8% |
| Other amounts payable | 47/48 | €1,790 | €830 | -€960 | -53.6% |
| Accrued charges and deferred income | 492/3 | €650 | €650 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Remuneration, social security and pensions | 62 | €42,893 | €44,032 | +€1,139 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,205 | €12,822 | -€12,383 | -49.1% |
| Other operating charges | 640/8 | €1,066 | €1,898 | +€832 | +78.1% |
| Gross operating margin | 9900 | €100,172 | €170,024 | +€69,852 | +69.7% |
| Operating profit (loss) | 9901 | €31,009 | €111,273 | +€80,264 | +259% |
| Financial income | 75/76B | €4 | €9 | +€4 | +107% |
| Recurring financial income | 75 | €4 | €9 | +€4 | +107% |
| Financial charges | 65/66B | €2,360 | €1,926 | -€434 | -18.4% |
| Recurring financial charges | 65 | €2,360 | €1,926 | -€434 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €28,653 | €109,356 | +€80,703 | +282% |
| Income taxes | 67/77 | - | €12,162 | +€12,162 | |
| Profit (loss) for the period | 9904 | €28,653 | €97,194 | +€68,541 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €28,653 | €97,194 | +€68,541 | +239% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.