QUAD HIAD: 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.
QUAD HIAD
Largest movements
- Stocks and contracts -€3,580
down €3,580 (-26.6%), from €13,435 to €9,855
- Cash +€3,331
up €3,331 (+28.0%), from €11,907 to €15,238
mainly Stocks and contracts (+€3,580) and Net result for the year (+€2,272)
- Receivables within one year -€437
no longer reported in 2025 (was €437)
- Trade debts -€4,981
no longer reported in 2025 (was €4,981)
- Profit (loss) carried forward +€2,272
up €2,272 (+201%), from €1,130 to €3,402
- Tax, wage and social debts +€2,024
new in 2025: €2,024
- Gross operating margin +€456
up €456 (+20.9%), from €2,179 to €2,635
- Financial charges +€38
up €38 (+29.7%), from €128 to €166
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 | €25,779 | €25,093 | -€686 | -2.7% |
| Current assets | 29/58 | €25,779 | €25,093 | -€686 | -2.7% |
| Stocks and contracts in progress | 3 | €13,435 | €9,855 | -€3,580 | -26.6% |
| Stocks | 30/36 | €13,435 | €9,855 | -€3,580 | -26.6% |
| Amounts receivable within one year | 40/41 | €437 | - | -€437 | |
| Other amounts receivable | 41 | €437 | - | -€437 | |
| Cash at bank and in hand | 54/58 | €11,907 | €15,238 | +€3,331 | +28.0% |
| Total equity and liabilities | 10/49 | €25,779 | €25,093 | -€686 | -2.7% |
| Equity | 10/15 | €8,130 | €10,402 | +€2,272 | +27.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | €7,000 | = | 0.0% |
| Issued capital | 100 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,130 | €3,402 | +€2,272 | +201% |
| Amounts payable | 17/49 | €17,649 | €14,691 | -€2,958 | -16.8% |
| Amounts payable within one year | 42/48 | €17,649 | €14,691 | -€2,958 | -16.8% |
| Trade debts | 44 | €4,981 | - | -€4,981 | |
| Suppliers | 440/4 | €4,981 | - | -€4,981 | |
| Taxes, remuneration and social security | 45 | - | €2,024 | +€2,024 | |
| Taxes | 450/3 | - | €2,024 | +€2,024 | |
| Other amounts payable | 47/48 | €12,668 | €12,667 | -€1 | 0.0% |
| Other operating charges | 640/8 | €200 | €200 | = | 0.0% |
| Gross operating margin | 9900 | €2,179 | €2,635 | +€456 | +20.9% |
| Operating profit (loss) | 9901 | €1,979 | €2,435 | +€456 | +23.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €128 | €166 | +€38 | +29.7% |
| Recurring financial charges | 65 | €128 | €166 | +€38 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €1,851 | €2,272 | +€421 | +22.7% |
| Profit (loss) for the period | 9904 | €1,851 | €2,272 | +€421 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,851 | €2,272 | +€421 | +22.7% |
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 19 October 2026 via checked.be.