KWADRANT: 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.
KWADRANT
Largest movements
- Cash -€16,971
down €16,971 (-98.6%), from €17,219 to €247
mainly Trade debts (-€12,434) and Net result for the year (-€8,729)
- Receivables within one year +€5,624
up €5,624 (+2,277%), from €247 to €5,871
of which Trade receivables: +€5,324
- Tangible fixed assets -€3,351
down €3,351 (-58.2%), from €5,755 to €2,404
of which Plant, machinery and equipment: -€3,027
- Deferred charges and accrued income -€1,715
no longer reported in 2025 (was €1,715)
- Trade debts -€12,434
down €12,434 (-87.2%), from €14,255 to €1,821
- Profit (loss) carried forward -€8,729
down €8,729 (-42.4%), from -€20,611 to -€29,340
- Other debts +€4,878
up €4,878 (+33.8%), from €14,414 to €19,292
- Gross operating margin -€5,022
down €5,022, from €1,954 to -€3,067
- Other operating charges +€2,022
up €2,022 (+490%), from €413 to €2,435
- Staff costs -€1,261
no longer reported in 2025 (was €1,261)
- Financial income +€298
up €298 (+3,845%), from €8 to €306
- Depreciation -€187
down €187 (-5.3%), from €3,538 to €3,351
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 | €27,186 | €10,773 | -€16,413 | -60.4% |
| Fixed assets | 21/28 | €8,005 | €4,654 | -€3,351 | -41.9% |
| Tangible fixed assets | 22/27 | €5,755 | €2,404 | -€3,351 | -58.2% |
| Plant, machinery and equipment | 23 | €5,432 | €2,404 | -€3,027 | -55.7% |
| Furniture and vehicles | 24 | €324 | - | -€324 | |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €19,181 | €6,118 | -€13,062 | -68.1% |
| Amounts receivable within one year | 40/41 | €247 | €5,871 | +€5,624 | +2,277% |
| Trade receivables | 40 | €247 | €5,571 | +€5,324 | +2,155% |
| Other amounts receivable | 41 | - | €301 | +€301 | |
| Cash at bank and in hand | 54/58 | €17,219 | €247 | -€16,971 | -98.6% |
| Deferred charges and accrued income | 490/1 | €1,715 | - | -€1,715 | |
| Total equity and liabilities | 10/49 | €27,186 | €10,773 | -€16,413 | -60.4% |
| Equity | 10/15 | -€1,611 | -€10,340 | -€8,729 | -542% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Contributions outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Other | 1109/19 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,611 | -€29,340 | -€8,729 | -42.4% |
| Amounts payable | 17/49 | €28,797 | €21,113 | -€7,684 | -26.7% |
| Amounts payable within one year | 42/48 | €28,797 | €21,113 | -€7,684 | -26.7% |
| Trade debts | 44 | €14,255 | €1,821 | -€12,434 | -87.2% |
| Suppliers | 440/4 | €14,255 | €1,821 | -€12,434 | -87.2% |
| Taxes, remuneration and social security | 45 | €128 | - | -€128 | |
| Taxes | 450/3 | €128 | - | -€128 | |
| Other amounts payable | 47/48 | €14,414 | €19,292 | +€4,878 | +33.8% |
| Remuneration, social security and pensions | 62 | €1,261 | - | -€1,261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,538 | €3,351 | -€187 | -5.3% |
| Other operating charges | 640/8 | €413 | €2,435 | +€2,022 | +490% |
| Gross operating margin | 9900 | €1,954 | -€3,067 | -€5,022 | |
| Operating profit (loss) | 9901 | -€3,257 | -€8,853 | -€5,596 | -172% |
| Financial income | 75/76B | €8 | €306 | +€298 | +3,845% |
| Recurring financial income | 75 | €8 | €306 | +€298 | +3,845% |
| Financial charges | 65/66B | €45 | €183 | +€138 | +306% |
| Recurring financial charges | 65 | €45 | €183 | +€138 | +306% |
| Profit (loss) for the period before taxes | 9903 | -€3,295 | -€8,729 | -€5,435 | -165% |
| Profit (loss) for the period | 9904 | -€3,295 | -€8,729 | -€5,435 | -165% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,295 | -€8,729 | -€5,435 | -165% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.