Quadratic: 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.
Quadratic
Largest movements
- Cash +€18,552
up €18,552 (+37.7%), from €49,199 to €67,752
mainly Net result for the year (+€17,594) and Receivables within one year (+€1,075)
- Receivables within one year -€1,075
down €1,075 (-6.5%), from €16,498 to €15,423
of which Trade receivables: -€1,937
- Reserves +€17,594
up €17,594 (+38.3%), from €45,885 to €63,478
- Gross operating margin +€11,143
up €11,143 (+81.2%), from €13,728 to €24,872
- Taxes +€1,837
up €1,837 (+53.4%), from €3,437 to €5,274
- Other operating charges +€675
up €675 (+88.0%), from €767 to €1,442
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 | €68,284 | €85,023 | +€16,739 | +24.5% |
| Fixed assets | 21/28 | €1,119 | €775 | -€344 | -30.7% |
| Tangible fixed assets | 22/27 | €1,119 | €775 | -€344 | -30.7% |
| Plant, machinery and equipment | 23 | €216 | €160 | -€56 | -26.0% |
| Furniture and vehicles | 24 | €903 | €615 | -€288 | -31.9% |
| Current assets | 29/58 | €67,165 | €84,248 | +€17,083 | +25.4% |
| Amounts receivable within one year | 40/41 | €16,498 | €15,423 | -€1,075 | -6.5% |
| Trade receivables | 40 | €15,634 | €13,697 | -€1,937 | -12.4% |
| Other amounts receivable | 41 | €864 | €1,726 | +€862 | +99.7% |
| Cash at bank and in hand | 54/58 | €49,199 | €67,752 | +€18,552 | +37.7% |
| Deferred charges and accrued income | 490/1 | €1,468 | €1,074 | -€394 | -26.9% |
| Total equity and liabilities | 10/49 | €68,284 | €85,023 | +€16,739 | +24.5% |
| Equity | 10/15 | €64,485 | €82,078 | +€17,594 | +27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,885 | €63,478 | +€17,594 | +38.3% |
| Distributable reserves | 133 | €45,885 | €63,478 | +€17,594 | +38.3% |
| Amounts payable | 17/49 | €3,799 | €2,944 | -€855 | -22.5% |
| Amounts payable within one year | 42/48 | €3,799 | €2,944 | -€855 | -22.5% |
| Trade debts | 44 | €950 | €609 | -€340 | -35.8% |
| Suppliers | 440/4 | €950 | €609 | -€340 | -35.8% |
| Taxes, remuneration and social security | 45 | €2,721 | €2,306 | -€415 | -15.3% |
| Taxes | 450/3 | €2,721 | €2,306 | -€415 | -15.3% |
| Other amounts payable | 47/48 | €129 | €29 | -€99 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €471 | -€41 | -8.0% |
| Other operating charges | 640/8 | €767 | €1,442 | +€675 | +88.0% |
| Gross operating margin | 9900 | €13,728 | €24,872 | +€11,143 | +81.2% |
| Operating profit (loss) | 9901 | €12,450 | €22,959 | +€10,509 | +84.4% |
| Financial charges | 65/66B | €88 | €92 | +€4 | +4.1% |
| Recurring financial charges | 65 | €88 | €92 | +€4 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €12,362 | €22,868 | +€10,506 | +85.0% |
| Income taxes | 67/77 | €3,437 | €5,274 | +€1,837 | +53.4% |
| Profit (loss) for the period | 9904 | €8,925 | €17,594 | +€8,669 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,925 | €17,594 | +€8,669 | +97.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.