HIFI - QUARTZ: what changed
HIFI - QUARTZ
Largest movements
- Cash +€63,714
up €63,714 (+87.5%), from €72,823 to €136,537
mainly Net result for the year (+€41,607) and Tax, wage and social debts (+€18,445)
- Tangible fixed assets -€17,052
down €17,052 (-49.4%), from €34,537 to €17,485
- Receivables within one year -€14,828
down €14,828 (-97.1%), from €15,264 to €436
of which Trade receivables: -€14,828
- Reserves +€41,607
up €41,607 (+507%), from €8,207 to €49,814
- Tax, wage and social debts +€18,445
up €18,445 (+333%), from €5,535 to €23,980
of which Taxes: +€18,456
- Other debts -€13,152
down €13,152 (-49.3%), from €26,660 to €13,508
- Trade debts -€8,512
down €8,512 (-80.4%), from €10,594 to €2,081
- Advances received -€6,553
no longer reported in 2025 (was €6,553)
- Gross operating margin +€43,750
up €43,750 (+202%), from €21,605 to €65,355
- Taxes +€18,880
new in 2025: €18,880
- Depreciation -€1,681
down €1,681 (-42.9%), from €3,920 to €2,238
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,988 | €154,823 | +€31,835 | +25.9% |
| Fixed assets | 21/28 | €34,901 | €17,850 | -€17,052 | -48.9% |
| Tangible fixed assets | 22/27 | €34,537 | €17,485 | -€17,052 | -49.4% |
| Land and buildings | 22 | €34,537 | €17,485 | -€17,052 | -49.4% |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €88,087 | €136,973 | +€48,886 | +55.5% |
| Amounts receivable within one year | 40/41 | €15,264 | €436 | -€14,828 | -97.1% |
| Trade receivables | 40 | €14,828 | - | -€14,828 | |
| Other amounts receivable | 41 | €436 | €436 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,823 | €136,537 | +€63,714 | +87.5% |
| Total equity and liabilities | 10/49 | €122,988 | €154,823 | +€31,835 | +25.9% |
| Equity | 10/15 | €73,646 | €115,253 | +€41,607 | +56.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,207 | €49,814 | +€41,607 | +507% |
| Distributable reserves | 133 | €8,207 | €49,814 | +€41,607 | +507% |
| Profit (loss) carried forward | 14 | €46,847 | €46,847 | = | 0.0% |
| Amounts payable | 17/49 | €49,342 | €39,569 | -€9,772 | -19.8% |
| Amounts payable within one year | 42/48 | €49,342 | €39,569 | -€9,772 | -19.8% |
| Trade debts | 44 | €10,594 | €2,081 | -€8,512 | -80.4% |
| Suppliers | 440/4 | €10,594 | €2,081 | -€8,512 | -80.4% |
| Advances received on contracts in progress | 46 | €6,553 | - | -€6,553 | |
| Taxes, remuneration and social security | 45 | €5,535 | €23,980 | +€18,445 | +333% |
| Taxes | 450/3 | €5,524 | €23,980 | +€18,456 | +334% |
| Remuneration and social security | 454/9 | €11 | - | -€11 | |
| Other amounts payable | 47/48 | €26,660 | €13,508 | -€13,152 | -49.3% |
| Non-recurring operating income | 76A | €16,267 | €62,458 | +€46,191 | +284% |
| Remuneration, social security and pensions | 62 | €432 | €831 | +€399 | +92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,920 | €2,238 | -€1,681 | -42.9% |
| Other operating charges | 640/8 | €351 | €971 | +€620 | +177% |
| Gross operating margin | 9900 | €21,605 | €65,355 | +€43,750 | +202% |
| Operating profit (loss) | 9901 | €16,903 | €61,314 | +€44,412 | +263% |
| Financial charges | 65/66B | €231 | €827 | +€596 | +258% |
| Recurring financial charges | 65 | €231 | €827 | +€596 | +258% |
| Profit (loss) for the period before taxes | 9903 | €16,671 | €60,487 | +€43,816 | +263% |
| Income taxes | 67/77 | - | €18,880 | +€18,880 | |
| Profit (loss) for the period | 9904 | €16,671 | €41,607 | +€24,936 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €16,671 | €41,607 | +€24,936 | +150% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.