FREDERIC QUINTARD: 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.
FREDERIC QUINTARD
Largest movements
- Receivables within one year +€14,490
new in 2025: €14,490
- Tangible fixed assets +€2,690
up €2,690 (+14.9%), from €18,083 to €20,774
of which Land and buildings: +€3,108
- Profit (loss) carried forward +€12,377
up €12,377 (+310%), from €3,995 to €16,371
- Other debts +€7,056
up €7,056 (+60.7%), from €11,624 to €18,680
- Tax, wage and social debts -€1,483
down €1,483 (-18.5%), from €8,013 to €6,529
- Trade debts -€1,067
down €1,067 (-84.0%), from €1,270 to €203
- Gross operating margin +€2,319
up €2,319 (+13.1%), from €17,747 to €20,065
- Depreciation -€1,175
down €1,175 (-47.2%), from €2,487 to €1,312
- Staff costs +€656
up €656 (+67.8%), from €968 to €1,624
- Other operating charges -€614
no longer reported in 2025 (was €614)
- Taxes +€434
up €434 (+10.7%), from €4,044 to €4,477
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 | €24,957 | €41,839 | +€16,882 | +67.6% |
| Fixed assets | 21/28 | €18,083 | €20,774 | +€2,690 | +14.9% |
| Tangible fixed assets | 22/27 | €18,083 | €20,774 | +€2,690 | +14.9% |
| Land and buildings | 22 | €17,666 | €20,774 | +€3,108 | +17.6% |
| Plant, machinery and equipment | 23 | €418 | - | -€418 | |
| Current assets | 29/58 | €6,874 | €21,065 | +€14,192 | +206% |
| Amounts receivable within one year | 40/41 | - | €14,490 | +€14,490 | |
| Other amounts receivable | 41 | - | €14,490 | +€14,490 | |
| Cash at bank and in hand | 54/58 | €6,874 | €6,575 | -€299 | -4.3% |
| Total equity and liabilities | 10/49 | €24,957 | €41,839 | +€16,882 | +67.6% |
| Equity | 10/15 | €4,050 | €16,426 | +€12,377 | +306% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Capital | 10 | €50 | €50 | = | 0.0% |
| Issued capital | 100 | €50 | €50 | = | 0.0% |
| Reserves | 13 | €5 | €5 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5 | €5 | = | 0.0% |
| Legal reserve | 130 | €5 | €5 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,995 | €16,371 | +€12,377 | +310% |
| Amounts payable | 17/49 | €20,907 | €25,413 | +€4,505 | +21.5% |
| Amounts payable within one year | 42/48 | €20,907 | €25,413 | +€4,505 | +21.5% |
| Trade debts | 44 | €1,270 | €203 | -€1,067 | -84.0% |
| Suppliers | 440/4 | €1,270 | €203 | -€1,067 | -84.0% |
| Taxes, remuneration and social security | 45 | €8,013 | €6,529 | -€1,483 | -18.5% |
| Taxes | 450/3 | €8,013 | €6,529 | -€1,483 | -18.5% |
| Other amounts payable | 47/48 | €11,624 | €18,680 | +€7,056 | +60.7% |
| Remuneration, social security and pensions | 62 | €968 | €1,624 | +€656 | +67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,487 | €1,312 | -€1,175 | -47.2% |
| Other operating charges | 640/8 | €614 | - | -€614 | |
| Gross operating margin | 9900 | €17,747 | €20,065 | +€2,319 | +13.1% |
| Operating profit (loss) | 9901 | €13,678 | €17,129 | +€3,451 | +25.2% |
| Financial income | 75/76B | €75 | €54 | -€21 | -28.4% |
| Recurring financial income | 75 | €75 | €54 | -€21 | -28.4% |
| Financial charges | 65/66B | €120 | €399 | +€279 | +233% |
| Recurring financial charges | 65 | €120 | €399 | +€279 | +233% |
| Profit (loss) for the period before taxes | 9903 | €13,633 | €16,784 | +€3,150 | +23.1% |
| Income taxes | 67/77 | €4,044 | €4,477 | +€434 | +10.7% |
| Profit (loss) for the period | 9904 | €9,590 | €12,307 | +€2,717 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,590 | €12,307 | +€2,717 | +28.3% |
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 13 October 2026 via checked.be.