QUAD EXPERIENCE: 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.
QUAD EXPERIENCE
Largest movements
- Tangible fixed assets -€3,275
down €3,275 (-2.8%), from €118,777 to €115,502
- Cash -€2,599
down €2,599 (-53.2%), from €4,889 to €2,289
mainly Net result for the year (-€12,057) and Debts after one year (-€11,587)
- Other debts +€17,500
up €17,500 (+50.7%), from €34,491 to €51,991
- Profit (loss) carried forward -€12,057
down €12,057 (-132.1%), from -€9,126 to -€21,183
- Debts after one year -€11,587
down €11,587 (-19.5%), from €59,435 to €47,848
of which Financial debts: -€11,587
- Other operating charges +€1,540
up €1,540 (+94.2%), from €1,635 to €3,175
- Financial charges +€838
up €838 (+35.7%), from €2,344 to €3,182
- Gross operating margin -€511
down €511 (-26.0%), from -€1,964 to -€2,474
- Financial income -€44
down €44 (-47.2%), from €92 to €49
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 | €123,857 | €117,994 | -€5,863 | -4.7% |
| Fixed assets | 21/28 | €118,777 | €115,502 | -€3,275 | -2.8% |
| Tangible fixed assets | 22/27 | €118,777 | €115,502 | -€3,275 | -2.8% |
| Land and buildings | 22 | €118,777 | €115,502 | -€3,275 | -2.8% |
| Current assets | 29/58 | €5,079 | €2,492 | -€2,588 | -50.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,889 | €2,289 | -€2,599 | -53.2% |
| Deferred charges and accrued income | 490/1 | €191 | €202 | +€12 | +6.2% |
| Total equity and liabilities | 10/49 | €123,857 | €117,994 | -€5,863 | -4.7% |
| Equity | 10/15 | €13,826 | €1,769 | -€12,057 | -87.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,552 | €10,552 | = | 0.0% |
| Distributable reserves | 133 | €10,552 | €10,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,126 | -€21,183 | -€12,057 | -132.1% |
| Amounts payable | 17/49 | €110,031 | €116,225 | +€6,195 | +5.6% |
| Amounts payable after more than one year | 17 | €59,435 | €47,848 | -€11,587 | -19.5% |
| Financial debts | 170/4 | €57,935 | €46,348 | -€11,587 | -20.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,714 | €67,642 | +€17,928 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €11,039 | €11,587 | +€548 | +5.0% |
| Trade debts | 44 | - | €212 | +€212 | |
| Suppliers | 440/4 | - | €212 | +€212 | |
| Advances received on contracts in progress | 46 | €331 | €0 | -€331 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,853 | €3,853 | = | 0.0% |
| Taxes | 450/3 | €3,853 | €3,853 | = | 0.0% |
| Other amounts payable | 47/48 | €34,491 | €51,991 | +€17,500 | +50.7% |
| Accrued charges and deferred income | 492/3 | €882 | €735 | -€147 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,275 | €3,275 | = | 0.0% |
| Other operating charges | 640/8 | €1,635 | €3,175 | +€1,540 | +94.2% |
| Gross operating margin | 9900 | -€1,964 | -€2,474 | -€511 | -26.0% |
| Operating profit (loss) | 9901 | -€6,874 | -€8,924 | -€2,050 | -29.8% |
| Financial income | 75/76B | €92 | €49 | -€44 | -47.2% |
| Recurring financial income | 75 | €92 | €49 | -€44 | -47.2% |
| Financial charges | 65/66B | €2,344 | €3,182 | +€838 | +35.7% |
| Recurring financial charges | 65 | €2,344 | €3,182 | +€838 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,126 | -€12,057 | -€2,931 | -32.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,126 | -€12,057 | -€2,931 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,126 | -€12,057 | -€2,931 | -32.1% |
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 30 September 2026 via checked.be.