JOHN QUINTYN: 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.
JOHN QUINTYN
Largest movements
- Tangible fixed assets -€33,267
down €33,267 (-29.0%), from €114,683 to €81,416
of which Furniture and vehicles: -€22,064
- Cash -€6,850
down €6,850 (-30.8%), from €22,257 to €15,407
mainly Debts after one year (-€26,964) and Other debts (-€9,950)
- Stocks and contracts +€3,599
up €3,599 (+459%), from €783 to €4,382
- Receivables within one year +€1,811
up €1,811 (+64.4%), from €2,812 to €4,623
of which Trade receivables: +€3,947
- Debts after one year -€26,964
down €26,964 (-50.3%), from €53,651 to €26,688
- Other debts -€9,950
down €9,950 (-26.6%), from €37,455 to €27,505
- Profit (loss) carried forward +€2,035
up €2,035 (+4.3%), from -€47,083 to -€45,048
- Current portion of long-term debt +€1,524
up €1,524 (+5.8%), from €26,139 to €27,663
- Gross operating margin +€45,803
up €45,803, from -€5,907 to €39,897
- Other operating charges -€4,662
down €4,662 (-71.0%), from €6,562 to €1,901
- Depreciation +€1,133
up €1,133 (+3.5%), from €32,134 to €33,267
- Financial income -€970
down €970 (-95.2%), from €1,019 to €49
- Financial charges -€786
down €786 (-23.3%), from €3,382 to €2,595
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 | €143,029 | €108,358 | -€34,670 | -24.2% |
| Fixed assets | 21/28 | €114,683 | €81,416 | -€33,267 | -29.0% |
| Tangible fixed assets | 22/27 | €114,683 | €81,416 | -€33,267 | -29.0% |
| Land and buildings | 22 | €25,251 | €16,918 | -€8,333 | -33.0% |
| Plant, machinery and equipment | 23 | €13,281 | €10,631 | -€2,651 | -20.0% |
| Furniture and vehicles | 24 | €75,274 | €53,210 | -€22,064 | -29.3% |
| Other tangible fixed assets | 26 | €876 | €657 | -€219 | -25.0% |
| Current assets | 29/58 | €28,346 | €26,943 | -€1,403 | -5.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €783 | €4,382 | +€3,599 | +459% |
| Stocks | 30/36 | €783 | €4,382 | +€3,599 | +459% |
| Amounts receivable within one year | 40/41 | €2,812 | €4,623 | +€1,811 | +64.4% |
| Trade receivables | 40 | €146 | €4,093 | +€3,947 | +2,702% |
| Other amounts receivable | 41 | €2,666 | €530 | -€2,136 | -80.1% |
| Cash at bank and in hand | 54/58 | €22,257 | €15,407 | -€6,850 | -30.8% |
| Deferred charges and accrued income | 490/1 | €2,493 | €2,530 | +€38 | +1.5% |
| Total equity and liabilities | 10/49 | €143,029 | €108,358 | -€34,670 | -24.2% |
| Equity | 10/15 | €21,840 | €23,875 | +€2,035 | +9.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,923 | €67,923 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €66,423 | €66,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,083 | -€45,048 | +€2,035 | +4.3% |
| Amounts payable | 17/49 | €121,188 | €84,483 | -€36,705 | -30.3% |
| Amounts payable after more than one year | 17 | €53,651 | €26,688 | -€26,964 | -50.3% |
| Financial debts | 170/4 | €53,651 | €26,688 | -€26,964 | -50.3% |
| Amounts payable within one year | 42/48 | €66,847 | €57,082 | -€9,765 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €26,139 | €27,663 | +€1,524 | +5.8% |
| Trade debts | 44 | €1,141 | €989 | -€152 | -13.4% |
| Suppliers | 440/4 | €1,141 | €989 | -€152 | -13.4% |
| Taxes, remuneration and social security | 45 | €2,112 | €926 | -€1,186 | -56.2% |
| Taxes | 450/3 | €2,112 | €926 | -€1,186 | -56.2% |
| Other amounts payable | 47/48 | €37,455 | €27,505 | -€9,950 | -26.6% |
| Accrued charges and deferred income | 492/3 | €690 | €713 | +€23 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,134 | €33,267 | +€1,133 | +3.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €6,562 | €1,901 | -€4,662 | -71.0% |
| Gross operating margin | 9900 | -€5,907 | €39,897 | +€45,803 | |
| Operating profit (loss) | 9901 | -€44,603 | €4,729 | +€49,332 | |
| Financial income | 75/76B | €1,019 | €49 | -€970 | -95.2% |
| Recurring financial income | 75 | €1,019 | €49 | -€970 | -95.2% |
| Financial charges | 65/66B | €3,382 | €2,595 | -€786 | -23.3% |
| Recurring financial charges | 65 | €3,382 | €2,595 | -€786 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€46,965 | €2,183 | +€49,148 | |
| Income taxes | 67/77 | €117 | €148 | +€30 | +25.9% |
| Profit (loss) for the period | 9904 | -€47,083 | €2,035 | +€49,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,083 | €2,035 | +€49,118 |
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 25 October 2026 via checked.be.