JARNO 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.
JARNO QUINTELIER
Largest movements
- Cash +€41,396
up €41,396 (+230%), from €17,963 to €59,358
mainly Receivables within one year (+€39,901) and Depreciation (+€33,872)
- Receivables within one year -€39,901
down €39,901 (-32.5%), from €122,872 to €82,970
of which Trade receivables: -€57,473
- Tangible fixed assets -€29,884
down €29,884 (-39.6%), from €75,558 to €45,674
- Trade debts -€19,217
down €19,217 (-64.3%), from €29,872 to €10,654
- Debts after one year -€9,180
down €9,180 (-79.8%), from €11,500 to €2,320
- Reserves +€8,972
up €8,972 (+36.0%), from €24,889 to €33,861
- Other debts -€5,725
down €5,725 (-4.3%), from €131,664 to €125,939
- Depreciation -€2,849
down €2,849 (-7.8%), from €36,721 to €33,872
- Other operating charges +€1,343
up €1,343 (+125%), from €1,071 to €2,415
- Taxes +€800
up €800 (+31.4%), from €2,543 to €3,342
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 | €222,426 | €195,739 | -€26,688 | -12.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €75,563 | €45,679 | -€29,884 | -39.5% |
| Tangible fixed assets | 22/27 | €75,558 | €45,674 | -€29,884 | -39.6% |
| Plant, machinery and equipment | 23 | €30,337 | €23,005 | -€7,332 | -24.2% |
| Furniture and vehicles | 24 | €18,540 | €7,581 | -€10,959 | -59.1% |
| Leasing and similar rights | 25 | €23,065 | €11,929 | -€11,136 | -48.3% |
| Other tangible fixed assets | 26 | €3,615 | €3,159 | -€457 | -12.6% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €146,863 | €150,059 | +€3,196 | +2.2% |
| Stocks and contracts in progress | 3 | €5,573 | €6,671 | +€1,098 | +19.7% |
| Stocks | 30/36 | €5,573 | €6,671 | +€1,098 | +19.7% |
| Amounts receivable within one year | 40/41 | €122,872 | €82,970 | -€39,901 | -32.5% |
| Trade receivables | 40 | €116,193 | €58,720 | -€57,473 | -49.5% |
| Other amounts receivable | 41 | €6,679 | €24,251 | +€17,572 | +263% |
| Cash at bank and in hand | 54/58 | €17,963 | €59,358 | +€41,396 | +230% |
| Deferred charges and accrued income | 490/1 | €456 | €1,060 | +€603 | +132% |
| Total equity and liabilities | 10/49 | €222,426 | €195,739 | -€26,688 | -12.0% |
| Equity | 10/15 | €29,889 | €38,861 | +€8,972 | +30.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,889 | €33,861 | +€8,972 | +36.0% |
| Distributable reserves | 133 | €24,889 | €33,861 | +€8,972 | +36.0% |
| Amounts payable | 17/49 | €192,538 | €156,878 | -€35,660 | -18.5% |
| Amounts payable after more than one year | 17 | €11,500 | €2,320 | -€9,180 | -79.8% |
| Financial debts | 170/4 | €11,500 | €2,320 | -€9,180 | -79.8% |
| Amounts payable within one year | 42/48 | €180,886 | €154,376 | -€26,510 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €11,315 | €9,180 | -€2,135 | -18.9% |
| Trade debts | 44 | €29,872 | €10,654 | -€19,217 | -64.3% |
| Suppliers | 440/4 | €29,872 | €10,654 | -€19,217 | -64.3% |
| Taxes, remuneration and social security | 45 | €8,035 | €8,603 | +€568 | +7.1% |
| Taxes | 450/3 | €6,835 | €7,403 | +€568 | +8.3% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €131,664 | €125,939 | -€5,725 | -4.3% |
| Accrued charges and deferred income | 492/3 | €152 | €182 | +€30 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,721 | €33,872 | -€2,849 | -7.8% |
| Other operating charges | 640/8 | €1,071 | €2,415 | +€1,343 | +125% |
| Gross operating margin | 9900 | €48,641 | €48,960 | +€319 | +0.7% |
| Operating profit (loss) | 9901 | €10,849 | €12,674 | +€1,825 | +16.8% |
| Financial income | 75/76B | €0 | €33 | +€33 | +333,100% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +333,100% |
| Financial charges | 65/66B | €579 | €392 | -€187 | -32.3% |
| Recurring financial charges | 65 | €579 | €392 | -€187 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €10,269 | €12,315 | +€2,045 | +19.9% |
| Income taxes | 67/77 | €2,543 | €3,342 | +€800 | +31.4% |
| Profit (loss) for the period | 9904 | €7,726 | €8,972 | +€1,246 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,726 | €8,972 | +€1,246 | +16.1% |
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 21 October 2026 via checked.be.