KWADRANT: 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.
KWADRANT
Largest movements
- Cash +€27,031
up €27,031 (+166.5%), from €16,240 to €43,271
mainly Net result for the year (+€23,630) and Depreciation (+€13,708)
- Tangible fixed assets -€13,708
down €13,708 (-20.6%), from €66,408 to €52,700
of which Land and buildings: -€11,577
- Receivables within one year +€1,705
up €1,705 (+14.5%), from €11,737 to €13,443
- Profit (loss) carried forward +€23,630
up €23,630 (+36.7%), from -€64,361 to -€40,731
- Debts after one year -€10,416
down €10,416 (-20.2%), from €51,654 to €41,239
- Other debts +€1,690
up €1,690 (+6.3%), from €26,876 to €28,566
- Gross operating margin +€11,857
up €11,857 (+38.2%), from €31,029 to €42,886
- Depreciation +€1,040
up €1,040 (+8.2%), from €12,668 to €13,708
- Financial charges +€447
up €447 (+16.0%), from €2,803 to €3,250
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,945 | €110,100 | +€14,155 | +14.8% |
| Fixed assets | 21/28 | €66,458 | €52,750 | -€13,708 | -20.6% |
| Tangible fixed assets | 22/27 | €66,408 | €52,700 | -€13,708 | -20.6% |
| Land and buildings | 22 | €58,166 | €46,589 | -€11,577 | -19.9% |
| Plant, machinery and equipment | 23 | €8,243 | €6,112 | -€2,131 | -25.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €29,487 | €57,350 | +€27,863 | +94.5% |
| Amounts receivable within one year | 40/41 | €11,737 | €13,443 | +€1,705 | +14.5% |
| Trade receivables | 40 | €11,737 | €13,443 | +€1,705 | +14.5% |
| Cash at bank and in hand | 54/58 | €16,240 | €43,271 | +€27,031 | +166.5% |
| Deferred charges and accrued income | 490/1 | €1,510 | €636 | -€874 | -57.9% |
| Total equity and liabilities | 10/49 | €95,945 | €110,100 | +€14,155 | +14.8% |
| Equity | 10/15 | -€284 | €23,346 | +€23,630 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €45,485 | €45,485 | = | 0.0% |
| Distributable reserves | 133 | €45,485 | €45,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,361 | -€40,731 | +€23,630 | +36.7% |
| Amounts payable | 17/49 | €96,229 | €86,754 | -€9,475 | -9.8% |
| Amounts payable after more than one year | 17 | €51,654 | €41,239 | -€10,416 | -20.2% |
| Financial debts | 170/4 | €51,654 | €41,239 | -€10,416 | -20.2% |
| Amounts payable within one year | 42/48 | €44,575 | €45,515 | +€941 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €10,416 | €10,416 | = | 0.0% |
| Trade debts | 44 | €1,834 | €1,574 | -€260 | -14.2% |
| Suppliers | 440/4 | €1,834 | €1,574 | -€260 | -14.2% |
| Taxes, remuneration and social security | 45 | €5,449 | €4,959 | -€490 | -9.0% |
| Taxes | 450/3 | €5,449 | €4,959 | -€490 | -9.0% |
| Other amounts payable | 47/48 | €26,876 | €28,566 | +€1,690 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,668 | €13,708 | +€1,040 | +8.2% |
| Other operating charges | 640/8 | €1,940 | €2,013 | +€73 | +3.8% |
| Gross operating margin | 9900 | €31,029 | €42,886 | +€11,857 | +38.2% |
| Operating profit (loss) | 9901 | €16,421 | €27,165 | +€10,744 | +65.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +140.6% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +140.6% |
| Financial charges | 65/66B | €2,803 | €3,250 | +€447 | +16.0% |
| Recurring financial charges | 65 | €2,803 | €3,250 | +€447 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €13,618 | €23,915 | +€10,297 | +75.6% |
| Income taxes | 67/77 | €274 | €285 | +€11 | +4.0% |
| Profit (loss) for the period | 9904 | €13,344 | €23,630 | +€10,286 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,344 | €23,630 | +€10,286 | +77.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.