Q - QUADRAAT: 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.
Q - QUADRAAT
Largest movements
- Tangible fixed assets +€33,975
up €33,975 (+8.0%), from €426,853 to €460,828
of which Other tangible fixed assets: +€46,129
- Receivables within one year +€13,707
up €13,707 (+33.8%), from €40,496 to €54,202
of which Other amounts receivable: +€13,622
- Reserves +€67,724
up €67,724 (+36.7%), from €184,403 to €252,127
of which Distributable reserves: +€67,724
- Other debts -€20,213
down €20,213 (-8.1%), from €250,159 to €229,946
- Tax, wage and social debts -€5,936
down €5,936 (-90.8%), from €6,540 to €604
- Gross operating margin -€25,015
down €25,015 (-35.6%), from €70,312 to €45,297
- Taxes -€8,416
down €8,416 (-45.8%), from €18,391 to €9,975
- Other operating charges +€1,908
up €1,908 (+25.9%), from €7,366 to €9,274
- Depreciation +€1,524
up €1,524 (+6.0%), from €25,295 to €26,820
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 | €484,581 | €528,395 | +€43,813 | +9.0% |
| Fixed assets | 21/28 | €433,466 | €467,441 | +€33,975 | +7.8% |
| Tangible fixed assets | 22/27 | €426,853 | €460,828 | +€33,975 | +8.0% |
| Land and buildings | 22 | €418,987 | €406,397 | -€12,590 | -3.0% |
| Plant, machinery and equipment | 23 | €360 | €796 | +€436 | +121% |
| Other tangible fixed assets | 26 | €7,506 | €53,635 | +€46,129 | +615% |
| Financial fixed assets | 28 | €6,612 | €6,612 | = | 0.0% |
| Current assets | 29/58 | €51,115 | €60,954 | +€9,839 | +19.2% |
| Amounts receivable within one year | 40/41 | €40,496 | €54,202 | +€13,707 | +33.8% |
| Trade receivables | 40 | €39,266 | €39,351 | +€85 | +0.2% |
| Other amounts receivable | 41 | €1,229 | €14,852 | +€13,622 | +1,108% |
| Cash at bank and in hand | 54/58 | €4,693 | €2,262 | -€2,431 | -51.8% |
| Deferred charges and accrued income | 490/1 | €5,927 | €4,489 | -€1,437 | -24.3% |
| Total equity and liabilities | 10/49 | €484,581 | €528,395 | +€43,813 | +9.0% |
| Equity | 10/15 | €227,206 | €294,930 | +€67,724 | +29.8% |
| Contributions | 10/11 | €42,629 | €42,629 | = | 0.0% |
| Reserves | 13 | €184,403 | €252,127 | +€67,724 | +36.7% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €180,403 | €248,127 | +€67,724 | +37.5% |
| Profit (loss) carried forward | 14 | €174 | €174 | = | 0.0% |
| Amounts payable | 17/49 | €257,375 | €233,465 | -€23,911 | -9.3% |
| Amounts payable within one year | 42/48 | €257,375 | €233,465 | -€23,911 | -9.3% |
| Trade debts | 44 | €676 | €2,915 | +€2,239 | +331% |
| Suppliers | 440/4 | €676 | €2,915 | +€2,239 | +331% |
| Taxes, remuneration and social security | 45 | €6,540 | €604 | -€5,936 | -90.8% |
| Taxes | 450/3 | €6,540 | €604 | -€5,936 | -90.8% |
| Other amounts payable | 47/48 | €250,159 | €229,946 | -€20,213 | -8.1% |
| Non-recurring operating income | 76A | - | €15,461 | +€15,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,295 | €26,820 | +€1,524 | +6.0% |
| Other operating charges | 640/8 | €7,366 | €9,274 | +€1,908 | +25.9% |
| Gross operating margin | 9900 | €70,312 | €45,297 | -€25,015 | -35.6% |
| Operating profit (loss) | 9901 | €37,652 | €9,204 | -€28,448 | -75.6% |
| Financial income | 75/76B | €68,833 | €68,833 | = | 0.0% |
| Recurring financial income | 75 | €68,833 | €68,833 | = | 0.0% |
| Financial charges | 65/66B | €364 | €338 | -€25 | -7.0% |
| Recurring financial charges | 65 | €364 | €338 | -€25 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €106,121 | €77,699 | -€28,423 | -26.8% |
| Income taxes | 67/77 | €18,391 | €9,975 | -€8,416 | -45.8% |
| Profit (loss) for the period | 9904 | €87,730 | €67,724 | -€20,006 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,730 | €67,724 | -€20,006 | -22.8% |
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 20 October 2026 via checked.be.