LE QUARTIER: 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.
LE QUARTIER
Largest movements
- Receivables within one year -€55,321
down €55,321 (-35.2%), from €156,957 to €101,636
of which Trade receivables: -€65,399
- Cash +€30,496
up €30,496 (+73.7%), from €41,384 to €71,879
mainly Receivables within one year (+€55,321) and Depreciation (+€19,584)
- Tangible fixed assets +€12,905
up €12,905 (+3.1%), from €419,732 to €432,636
of which Leasing and similar rights: +€26,276
- Trade debts -€14,671
down €14,671 (-25.8%), from €56,812 to €42,141
- Reserves +€8,884
up €8,884 (+18.0%), from €49,469 to €58,353
- Other debts -€7,168
down €7,168 (-95.8%), from €7,478 to €311
- Gross operating margin -€70,271
down €70,271 (-55.4%), from €126,845 to €56,574
- Staff costs -€53,841
down €53,841 (-79.6%), from €67,641 to €13,800
- Taxes -€9,130
down €9,130 (-64.9%), from €14,064 to €4,935
- Depreciation +€6,041
up €6,041 (+44.6%), from €13,544 to €19,584
- Financial charges +€1,514
up €1,514 (+30.6%), from €4,941 to €6,455
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 | €620,633 | €610,082 | -€10,550 | -1.7% |
| Fixed assets | 21/28 | €419,872 | €432,776 | +€12,905 | +3.1% |
| Tangible fixed assets | 22/27 | €419,732 | €432,636 | +€12,905 | +3.1% |
| Land and buildings | 22 | €385,862 | €375,628 | -€10,234 | -2.7% |
| Plant, machinery and equipment | 23 | €4,056 | €2,829 | -€1,227 | -30.3% |
| Furniture and vehicles | 24 | €2,481 | €1,779 | -€702 | -28.3% |
| Leasing and similar rights | 25 | - | €26,276 | +€26,276 | |
| Other tangible fixed assets | 26 | €27,333 | €26,124 | -€1,209 | -4.4% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €200,761 | €177,306 | -€23,455 | -11.7% |
| Amounts receivable within one year | 40/41 | €156,957 | €101,636 | -€55,321 | -35.2% |
| Trade receivables | 40 | €152,195 | €86,796 | -€65,399 | -43.0% |
| Other amounts receivable | 41 | €4,762 | €14,840 | +€10,079 | +212% |
| Cash at bank and in hand | 54/58 | €41,384 | €71,879 | +€30,496 | +73.7% |
| Deferred charges and accrued income | 490/1 | €2,421 | €3,791 | +€1,370 | +56.6% |
| Total equity and liabilities | 10/49 | €620,633 | €610,082 | -€10,550 | -1.7% |
| Equity | 10/15 | €250,493 | €259,378 | +€8,884 | +3.5% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Revaluation surpluses | 12 | €13,446 | €13,446 | = | 0.0% |
| Reserves | 13 | €49,469 | €58,353 | +€8,884 | +18.0% |
| Distributable reserves | 133 | €49,469 | €58,353 | +€8,884 | +18.0% |
| Profit (loss) carried forward | 14 | €131,379 | €131,379 | = | 0.0% |
| Amounts payable | 17/49 | €370,139 | €350,705 | -€19,434 | -5.3% |
| Amounts payable after more than one year | 17 | €274,959 | €274,160 | -€799 | -0.3% |
| Financial debts | 170/4 | €274,959 | €274,160 | -€799 | -0.3% |
| Amounts payable within one year | 42/48 | €92,565 | €74,830 | -€17,735 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €14,923 | €16,837 | +€1,913 | +12.8% |
| Financial debts | 43 | - | €653 | +€653 | |
| Credit institutions | 430/8 | - | €653 | +€653 | |
| Trade debts | 44 | €56,812 | €42,141 | -€14,671 | -25.8% |
| Suppliers | 440/4 | €56,812 | €42,141 | -€14,671 | -25.8% |
| Taxes, remuneration and social security | 45 | €13,352 | €14,890 | +€1,538 | +11.5% |
| Taxes | 450/3 | €11,795 | €12,250 | +€455 | +3.9% |
| Remuneration and social security | 454/9 | €1,557 | €2,640 | +€1,083 | +69.5% |
| Other amounts payable | 47/48 | €7,478 | €311 | -€7,168 | -95.8% |
| Accrued charges and deferred income | 492/3 | €2,615 | €1,715 | -€900 | -34.4% |
| Non-recurring operating income | 76A | - | €2,231 | +€2,231 | |
| Remuneration, social security and pensions | 62 | €67,641 | €13,800 | -€53,841 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,544 | €19,584 | +€6,041 | +44.6% |
| Other operating charges | 640/8 | €3,011 | €3,569 | +€558 | +18.5% |
| Gross operating margin | 9900 | €126,845 | €56,574 | -€70,271 | -55.4% |
| Operating profit (loss) | 9901 | €42,649 | €19,620 | -€23,029 | -54.0% |
| Financial income | 75/76B | €631 | €653 | +€22 | +3.5% |
| Recurring financial income | 75 | €631 | €653 | +€22 | +3.5% |
| Financial charges | 65/66B | €4,941 | €6,455 | +€1,514 | +30.6% |
| Recurring financial charges | 65 | €4,941 | €6,455 | +€1,514 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €38,340 | €13,819 | -€24,521 | -64.0% |
| Income taxes | 67/77 | €14,064 | €4,935 | -€9,130 | -64.9% |
| Profit (loss) for the period | 9904 | €24,275 | €8,884 | -€15,391 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,275 | €8,884 | -€15,391 | -63.4% |
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 27 October 2026 via checked.be.