QUADRALIS: 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.
QUADRALIS
Largest movements
- Receivables within one year -€427,203
down €427,203 (-41.5%), from €1.0m to €601,293
of which Trade receivables: -€477,005
- Receivables after one year +€119,414
new in 2025: €119,414
- Cash +€45,083
up €45,083 (+127%), from €35,625 to €80,708
mainly Receivables within one year (+€427,203) and Tax, wage and social debts (+€24,063)
- Trade debts -€240,813
down €240,813 (-39.8%), from €605,119 to €364,307
- Accrued charges and deferred income -€29,510
down €29,510 (-82.3%), from €35,847 to €6,337
- Tax, wage and social debts +€24,063
up €24,063 (+181%), from €13,316 to €37,378
of which Taxes: +€23,282
- Financial income +€8,948
up €8,948 (+9,462%), from €95 to €9,042
- Gross operating margin -€8,663
down €8,663 (-13.1%), from €66,081 to €57,418
- Staff costs +€2,601
up €2,601 (+5.1%), from €51,186 to €53,788
- Other operating charges -€842
down €842 (-14.7%), from €5,735 to €4,894
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 | €1,793,901 | €1,532,488 | -€261,414 | -14.6% |
| Fixed assets | 21/28 | €728,201 | €728,201 | = | 0.0% |
| Financial fixed assets | 28 | €728,201 | €728,201 | = | 0.0% |
| Current assets | 29/58 | €1,065,700 | €804,286 | -€261,414 | -24.5% |
| Amounts receivable after more than one year | 29 | - | €119,414 | +€119,414 | |
| Other amounts receivable | 291 | - | €119,414 | +€119,414 | |
| Amounts receivable within one year | 40/41 | €1,028,496 | €601,293 | -€427,203 | -41.5% |
| Trade receivables | 40 | €893,234 | €416,229 | -€477,005 | -53.4% |
| Other amounts receivable | 41 | €135,262 | €185,064 | +€49,802 | +36.8% |
| Cash at bank and in hand | 54/58 | €35,625 | €80,708 | +€45,083 | +127% |
| Deferred charges and accrued income | 490/1 | €1,579 | €2,871 | +€1,292 | +81.8% |
| Total equity and liabilities | 10/49 | €1,793,901 | €1,532,488 | -€261,414 | -14.6% |
| Equity | 10/15 | €854,588 | €856,289 | +€1,702 | +0.2% |
| Contributions | 10/11 | €1,337,973 | €1,337,973 | = | 0.0% |
| Capital | 10 | €1,337,973 | €1,337,973 | = | 0.0% |
| Issued capital | 100 | €1,337,973 | €1,337,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€483,385 | -€481,683 | +€1,702 | +0.4% |
| Amounts payable | 17/49 | €939,314 | €676,198 | -€263,115 | -28.0% |
| Amounts payable after more than one year | 17 | €89,522 | €72,326 | -€17,196 | -19.2% |
| Other amounts payable | 178/9 | €89,522 | €72,326 | -€17,196 | -19.2% |
| Amounts payable within one year | 42/48 | €813,946 | €597,536 | -€216,410 | -26.6% |
| Trade debts | 44 | €605,119 | €364,307 | -€240,813 | -39.8% |
| Suppliers | 440/4 | €605,119 | €364,307 | -€240,813 | -39.8% |
| Taxes, remuneration and social security | 45 | €13,316 | €37,378 | +€24,063 | +181% |
| Taxes | 450/3 | €2,093 | €25,375 | +€23,282 | +1,112% |
| Remuneration and social security | 454/9 | €11,222 | €12,003 | +€780 | +7.0% |
| Other amounts payable | 47/48 | €195,511 | €195,851 | +€340 | +0.2% |
| Accrued charges and deferred income | 492/3 | €35,847 | €6,337 | -€29,510 | -82.3% |
| Remuneration, social security and pensions | 62 | €51,186 | €53,788 | +€2,601 | +5.1% |
| Other operating charges | 640/8 | €5,735 | €4,894 | -€842 | -14.7% |
| Gross operating margin | 9900 | €66,081 | €57,418 | -€8,663 | -13.1% |
| Operating profit (loss) | 9901 | €9,159 | -€1,264 | -€10,423 | |
| Financial income | 75/76B | €95 | €9,042 | +€8,948 | +9,462% |
| Recurring financial income | 75 | €95 | €9,042 | +€8,948 | +9,462% |
| Financial charges | 65/66B | €6,599 | €6,077 | -€522 | -7.9% |
| Recurring financial charges | 65 | €6,599 | €6,077 | -€522 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €2,655 | €1,702 | -€953 | -35.9% |
| Profit (loss) for the period | 9904 | €2,655 | €1,702 | -€953 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,655 | €1,702 | -€953 | -35.9% |
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.