Kwadratum: 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.
Kwadratum
Largest movements
- Cash -€432,682
down €432,682 (-85.4%), from €506,450 to €73,768
mainly Contributions, distributions and other (-€645,000) and Trade debts (-€6,696)
- Receivables within one year -€84,146
down €84,146 (-83.4%), from €100,894 to €16,748
of which Other amounts receivable: -€85,037
- Tangible fixed assets -€17,019
down €17,019 (-46.1%), from €36,901 to €19,882
of which Leasing and similar rights: -€33,985
- Reserves -€585,000
down €585,000 (-100%), from €585,000 to €0
- Other debts +€60,000
up €60,000, from €0 to €60,000
- Trade debts -€6,696
down €6,696 (-62.7%), from €10,674 to €3,978
- Gross operating margin -€21,825
down €21,825 (-20.4%), from €106,867 to €85,042
- Financial income -€3,874
down €3,874 (-39.4%), from €9,843 to €5,968
- Taxes -€3,374
down €3,374 (-17.6%), from €19,187 to €15,813
- Other operating charges -€3,010
down €3,010 (-76.9%), from €3,913 to €904
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 | €644,884 | €111,200 | -€533,684 | -82.8% |
| Fixed assets | 21/28 | €37,264 | €20,245 | -€17,019 | -45.7% |
| Tangible fixed assets | 22/27 | €36,901 | €19,882 | -€17,019 | -46.1% |
| Plant, machinery and equipment | 23 | €2,827 | €1,344 | -€1,483 | -52.5% |
| Furniture and vehicles | 24 | €89 | €18,538 | +€18,449 | +20,842% |
| Leasing and similar rights | 25 | €33,985 | €0 | -€33,985 | -100% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €607,620 | €90,955 | -€516,665 | -85.0% |
| Amounts receivable within one year | 40/41 | €100,894 | €16,748 | -€84,146 | -83.4% |
| Trade receivables | 40 | €11,915 | €12,806 | +€891 | +7.5% |
| Other amounts receivable | 41 | €88,980 | €3,942 | -€85,037 | -95.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €506,450 | €73,768 | -€432,682 | -85.4% |
| Deferred charges and accrued income | 490/1 | €276 | €440 | +€164 | +59.4% |
| Total equity and liabilities | 10/49 | €644,884 | €111,200 | -€533,684 | -82.8% |
| Equity | 10/15 | €612,096 | €22,351 | -€589,745 | -96.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €585,000 | €0 | -€585,000 | -100% |
| Distributable reserves | 133 | €585,000 | €0 | -€585,000 | -100% |
| Profit (loss) carried forward | 14 | €26,096 | €21,351 | -€4,745 | -18.2% |
| Amounts payable | 17/49 | €32,788 | €88,849 | +€56,061 | +171% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €32,788 | €88,849 | +€56,061 | +171% |
| Current portion of amounts payable after more than one year | 42 | €2,722 | €0 | -€2,722 | -100% |
| Trade debts | 44 | €10,674 | €3,978 | -€6,696 | -62.7% |
| Suppliers | 440/4 | €10,674 | €3,978 | -€6,696 | -62.7% |
| Taxes, remuneration and social security | 45 | €19,393 | €24,871 | +€5,479 | +28.3% |
| Taxes | 450/3 | €19,393 | €24,871 | +€5,479 | +28.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €60,000 | +€60,000 | |
| Non-recurring operating income | 76A | €964 | €0 | -€964 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,519 | €17,731 | +€213 | +1.2% |
| Other operating charges | 640/8 | €3,913 | €904 | -€3,010 | -76.9% |
| Gross operating margin | 9900 | €106,867 | €85,042 | -€21,825 | -20.4% |
| Operating profit (loss) | 9901 | €85,435 | €66,407 | -€19,028 | -22.3% |
| Financial income | 75/76B | €9,843 | €5,968 | -€3,874 | -39.4% |
| Recurring financial income | 75 | €9,843 | €5,968 | -€3,874 | -39.4% |
| Financial charges | 65/66B | €811 | €1,307 | +€496 | +61.1% |
| Recurring financial charges | 65 | €811 | €1,307 | +€496 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €94,467 | €71,068 | -€23,398 | -24.8% |
| Income taxes | 67/77 | €19,187 | €15,813 | -€3,374 | -17.6% |
| Profit (loss) for the period | 9904 | €75,279 | €55,255 | -€20,024 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,279 | €55,255 | -€20,024 | -26.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.