QUADRATO: 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.
QUADRATO
Largest movements
- Receivables within one year +€12,950
up €12,950 (+193%), from €6,723 to €19,673
of which Other amounts receivable: +€13,632
- Tangible fixed assets -€4,000
no longer reported in 2025 (was €4,000)
- Cash -€771
down €771 (-6.9%), from €11,214 to €10,443
mainly Receivables within one year (-€12,950) and Other debts (-€1,858)
- Trade debts +€6,699
up €6,699 (+330%), from €2,029 to €8,728
- Profit (loss) carried forward +€3,426
up €3,426 (+73.5%), from -€4,660 to -€1,234
- Other debts -€1,858
no longer reported in 2025 (was €1,858)
- Gross operating margin -€6,972
down €6,972 (-39.1%), from €17,811 to €10,839
- Taxes -€846
down €846 (-28.8%), from €2,942 to €2,096
- Depreciation -€601
down €601 (-13.1%), from €4,601 to €4,000
- Financial charges +€291
up €291 (+130%), from €225 to €516
- Financial income +€272
up €272, from €0 to €272
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 | €22,133 | €30,326 | +€8,193 | +37.0% |
| Fixed assets | 21/28 | €4,000 | - | -€4,000 | |
| Tangible fixed assets | 22/27 | €4,000 | - | -€4,000 | |
| Furniture and vehicles | 24 | €4,000 | - | -€4,000 | |
| Current assets | 29/58 | €18,133 | €30,326 | +€12,193 | +67.2% |
| Amounts receivable within one year | 40/41 | €6,723 | €19,673 | +€12,950 | +193% |
| Trade receivables | 40 | €6,723 | €6,041 | -€682 | -10.1% |
| Other amounts receivable | 41 | - | €13,632 | +€13,632 | |
| Cash at bank and in hand | 54/58 | €11,214 | €10,443 | -€771 | -6.9% |
| Deferred charges and accrued income | 490/1 | €196 | €211 | +€15 | +7.5% |
| Total equity and liabilities | 10/49 | €22,133 | €30,326 | +€8,193 | +37.0% |
| Equity | 10/15 | €14,552 | €17,978 | +€3,426 | +23.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,660 | -€1,234 | +€3,426 | +73.5% |
| Amounts payable | 17/49 | €7,581 | €12,348 | +€4,767 | +62.9% |
| Amounts payable within one year | 42/48 | €7,447 | €12,348 | +€4,901 | +65.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,029 | €8,728 | +€6,699 | +330% |
| Suppliers | 440/4 | €2,029 | €8,728 | +€6,699 | +330% |
| Taxes, remuneration and social security | 45 | €3,560 | €3,621 | +€60 | +1.7% |
| Taxes | 450/3 | €3,560 | €3,621 | +€60 | +1.7% |
| Other amounts payable | 47/48 | €1,858 | - | -€1,858 | |
| Accrued charges and deferred income | 492/3 | €134 | - | -€134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,601 | €4,000 | -€601 | -13.1% |
| Other operating charges | 640/8 | €1,003 | €1,072 | +€70 | +7.0% |
| Gross operating margin | 9900 | €17,811 | €10,839 | -€6,972 | -39.1% |
| Operating profit (loss) | 9901 | €12,207 | €5,766 | -€6,441 | -52.8% |
| Financial income | 75/76B | €0 | €272 | +€272 | |
| Recurring financial income | 75 | €0 | €272 | +€272 | |
| Financial charges | 65/66B | €225 | €516 | +€291 | +130% |
| Recurring financial charges | 65 | €225 | €516 | +€291 | +130% |
| Profit (loss) for the period before taxes | 9903 | €11,983 | €5,522 | -€6,461 | -53.9% |
| Income taxes | 67/77 | €2,942 | €2,096 | -€846 | -28.8% |
| Profit (loss) for the period | 9904 | €9,041 | €3,426 | -€5,615 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,041 | €3,426 | -€5,615 | -62.1% |
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.