K.QUETSCH: what changed
Two fiscal 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.
K.QUETSCH
Largest movements
- Deferred charges and accrued income +€35,617
up €35,617 (+1648.8%), from €2,160 to €37,777
- Tangible fixed assets +€19,186
up €19,186 (+25.1%), from €76,559 to €95,744
of which Land and buildings: +€95,744
- Cash +€13,907
up €13,907 (+12.7%), from €109,930 to €123,838
mainly Other debts (+€142,062) and Net result for the year (+€106,540)
- Financial fixed assets -€11,300
down €11,300 (-4.8%), from €237,300 to €226,000
- Other debts +€142,062
up €142,062 (+17054.2%), from €833 to €142,895
- Reserves -€79,855
down €79,855 (-36.1%), from €221,144 to €141,290
- Debts after one year -€11,964
down €11,964 (-5.2%), from €227,960 to €215,996
of which Financial debts: -€27,067
- Tax, wage and social debts +€5,516
up €5,516 (+57.9%), from €9,523 to €15,040
- Financial income +€19,941
up €19,941 (+42.4%), from €46,978 to €66,920
- Gross operating margin +€7,231
up €7,231 (+12.7%), from €57,160 to €64,391
- Taxes +€1,303
up €1,303 (+9.7%), from €13,468 to €14,771
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.
Cash bridge derived
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 | €493,018 | €548,670 | +€55,652 | +11.3% |
| Fixed assets | 21/28 | €313,859 | €321,744 | +€7,886 | +2.5% |
| Tangible fixed assets | 22/27 | €76,559 | €95,744 | +€19,186 | +25.1% |
| Land and buildings | 22 | - | €95,744 | +€95,744 | |
| Furniture and vehicles | 24 | €568 | - | -€568 | |
| Assets under construction and advance payments | 27 | €75,991 | - | -€75,991 | |
| Financial fixed assets | 28 | €237,300 | €226,000 | -€11,300 | -4.8% |
| Current assets | 29/58 | €179,159 | €226,925 | +€47,766 | +26.7% |
| Amounts receivable within one year | 40/41 | €17,069 | €15,311 | -€1,758 | -10.3% |
| Trade receivables | 40 | €10,284 | €12,415 | +€2,131 | +20.7% |
| Other amounts receivable | 41 | €6,785 | €2,896 | -€3,889 | -57.3% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,930 | €123,838 | +€13,907 | +12.7% |
| Deferred charges and accrued income | 490/1 | €2,160 | €37,777 | +€35,617 | +1648.8% |
| Total equity and liabilities | 10/49 | €493,018 | €548,670 | +€55,652 | +11.3% |
| Equity | 10/15 | €226,144 | €146,290 | -€79,855 | -35.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €221,144 | €141,290 | -€79,855 | -36.1% |
| Distributable reserves | 133 | €221,144 | €141,290 | -€79,855 | -36.1% |
| Amounts payable | 17/49 | €266,873 | €402,380 | +€135,507 | +50.8% |
| Amounts payable after more than one year | 17 | €227,960 | €215,996 | -€11,964 | -5.2% |
| Financial debts | 170/4 | €227,960 | €200,893 | -€27,067 | -11.9% |
| Other amounts payable | 178/9 | - | €15,103 | +€15,103 | |
| Amounts payable within one year | 42/48 | €38,013 | €185,147 | +€147,134 | +387.1% |
| Current portion of amounts payable after more than one year | 42 | €26,878 | €27,064 | +€186 | +0.7% |
| Trade debts | 44 | €780 | €149 | -€630 | -80.8% |
| Suppliers | 440/4 | €780 | €149 | -€630 | -80.8% |
| Taxes, remuneration and social security | 45 | €9,523 | €15,040 | +€5,516 | +57.9% |
| Taxes | 450/3 | €9,523 | €15,040 | +€5,516 | +57.9% |
| Other amounts payable | 47/48 | €833 | €142,895 | +€142,062 | +17054.2% |
| Accrued charges and deferred income | 492/3 | €900 | €1,237 | +€337 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,114 | €6,347 | +€232 | +3.8% |
| Other operating charges | 640/8 | €1,480 | €1,666 | +€185 | +12.5% |
| Gross operating margin | 9900 | €57,160 | €64,391 | +€7,231 | +12.7% |
| Operating profit (loss) | 9901 | €49,565 | €56,379 | +€6,814 | +13.7% |
| Financial income | 75/76B | €46,978 | €66,920 | +€19,941 | +42.4% |
| Recurring financial income | 75 | €46,978 | €66,920 | +€19,941 | +42.4% |
| Financial charges | 65/66B | €2,388 | €1,988 | -€400 | -16.7% |
| Recurring financial charges | 65 | €2,388 | €1,988 | -€400 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €94,156 | €121,310 | +€27,155 | +28.8% |
| Income taxes | 67/77 | €13,468 | €14,771 | +€1,303 | +9.7% |
| Profit (loss) for the period | 9904 | €80,688 | €106,540 | +€25,852 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,688 | €106,540 | +€25,852 | +32.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.