QUADRALUX: 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.
QUADRALUX
Largest movements
- Cash -€590,884
down €590,884 (-68.9%), from €857,156 to €266,272
mainly Other debts (-€671,901) and Contributions, distributions and other (-€190,000)
- Stocks and contracts +€18,164
up €18,164 (+6.4%), from €282,256 to €300,420
of which Stocks: +€25,745
- Other debts -€671,901
down €671,901 (-77.2%), from €870,309 to €198,408
- Profit (loss) carried forward +€64,889
up €64,889 (+202.4%), from €32,065 to €96,954
- Trade debts +€39,911
up €39,911 (+95.7%), from €41,684 to €81,594
- Gross operating margin -€15,933
down €15,933 (-1.9%), from €858,732 to €842,800
- Staff costs -€14,135
down €14,135 (-3.0%), from €479,116 to €464,981
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.
Cash bridge derived
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 | €1,461,783 | €886,387 | -€575,397 | -39.4% |
| Fixed assets | 21/28 | €38,174 | €26,214 | -€11,960 | -31.3% |
| Tangible fixed assets | 22/27 | €38,112 | €26,152 | -€11,960 | -31.4% |
| Plant, machinery and equipment | 23 | €33,040 | €26,152 | -€6,888 | -20.8% |
| Furniture and vehicles | 24 | €5,071 | - | -€5,071 | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €1,423,610 | €860,173 | -€563,437 | -39.6% |
| Stocks and contracts in progress | 3 | €282,256 | €300,420 | +€18,164 | +6.4% |
| Stocks | 30/36 | €274,675 | €300,420 | +€25,745 | +9.4% |
| Contracts in progress | 37 | €7,581 | - | -€7,581 | |
| Amounts receivable within one year | 40/41 | €284,198 | €293,481 | +€9,283 | +3.3% |
| Trade receivables | 40 | €266,394 | €293,481 | +€27,088 | +10.2% |
| Other amounts receivable | 41 | €17,805 | - | -€17,805 | |
| Cash at bank and in hand | 54/58 | €857,156 | €266,272 | -€590,884 | -68.9% |
| Total equity and liabilities | 10/49 | €1,461,783 | €886,387 | -€575,397 | -39.4% |
| Equity | 10/15 | €499,899 | €564,788 | +€64,889 | +13.0% |
| Contributions | 10/11 | €10,565 | €10,565 | = | 0.0% |
| Reserves | 13 | €457,269 | €457,269 | = | 0.0% |
| Tax-exempt reserves | 132 | €282 | €282 | = | 0.0% |
| Distributable reserves | 133 | €456,987 | €456,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,065 | €96,954 | +€64,889 | +202.4% |
| Amounts payable | 17/49 | €961,884 | €321,599 | -€640,285 | -66.6% |
| Amounts payable within one year | 42/48 | €961,360 | €321,078 | -€640,283 | -66.6% |
| Trade debts | 44 | €41,684 | €81,594 | +€39,911 | +95.7% |
| Suppliers | 440/4 | €41,684 | €81,594 | +€39,911 | +95.7% |
| Taxes, remuneration and social security | 45 | €49,367 | €41,075 | -€8,292 | -16.8% |
| Taxes | 450/3 | €10,563 | €12,371 | +€1,808 | +17.1% |
| Remuneration and social security | 454/9 | €38,804 | €28,704 | -€10,100 | -26.0% |
| Other amounts payable | 47/48 | €870,309 | €198,408 | -€671,901 | -77.2% |
| Accrued charges and deferred income | 492/3 | €524 | €521 | -€3 | -0.5% |
| Non-recurring operating income | 76A | - | €8,604 | +€8,604 | |
| Remuneration, social security and pensions | 62 | €479,116 | €464,981 | -€14,135 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,429 | €10,019 | -€6,411 | -39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,114 | -€3,762 | -€4,877 | |
| Other operating charges | 640/8 | €29,399 | €31,060 | +€1,661 | +5.6% |
| Gross operating margin | 9900 | €858,732 | €842,800 | -€15,933 | -1.9% |
| Operating profit (loss) | 9901 | €332,673 | €340,502 | +€7,829 | +2.4% |
| Financial income | 75/76B | €4,651 | €9,379 | +€4,728 | +101.7% |
| Recurring financial income | 75 | €4,651 | €9,379 | +€4,728 | +101.7% |
| Financial charges | 65/66B | €4,880 | €4,967 | +€87 | +1.8% |
| Recurring financial charges | 65 | €4,880 | €4,967 | +€87 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €332,444 | €344,915 | +€12,470 | +3.8% |
| Income taxes | 67/77 | €87,557 | €90,026 | +€2,469 | +2.8% |
| Profit (loss) for the period | 9904 | €244,887 | €254,889 | +€10,002 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €244,887 | €254,889 | +€10,002 | +4.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.