QUADRATUM: 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.
QUADRATUM
Largest movements
- Tangible fixed assets +€25,662
up €25,662 (+5.1%), from €506,375 to €532,038
of which Land and buildings: +€35,744
- Receivables within one year +€9,402
up €9,402 (+194.4%), from €4,837 to €14,239
of which Trade receivables: +€5,166
- Cash -€7,686
down €7,686 (-12.3%), from €62,348 to €54,661
mainly Investment in fixed assets (net) (-€54,333) and Receivables within one year (-€9,402)
- Reserves +€27,845
up €27,845 (+67.3%), from €41,367 to €69,211
- Gross operating margin +€18,151
up €18,151 (+38.9%), from €46,641 to €64,792
- Depreciation +€2,707
up €2,707 (+10.0%), from €26,985 to €29,692
- Taxes +€1,369
up €1,369 (+96.7%), from €1,416 to €2,784
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 | €577,223 | €603,127 | +€25,904 | +4.5% |
| Fixed assets | 21/28 | €508,151 | €532,792 | +€24,641 | +4.8% |
| Intangible fixed assets | 21 | €1,164 | €143 | -€1,021 | -87.7% |
| Tangible fixed assets | 22/27 | €506,375 | €532,038 | +€25,662 | +5.1% |
| Land and buildings | 22 | €483,972 | €519,716 | +€35,744 | +7.4% |
| Plant, machinery and equipment | 23 | €3,345 | €2,093 | -€1,252 | -37.4% |
| Furniture and vehicles | 24 | €19,059 | €10,229 | -€8,830 | -46.3% |
| Financial fixed assets | 28 | €612 | €612 | = | 0.0% |
| Current assets | 29/58 | €69,072 | €70,334 | +€1,263 | +1.8% |
| Amounts receivable within one year | 40/41 | €4,837 | €14,239 | +€9,402 | +194.4% |
| Trade receivables | 40 | €4,837 | €10,003 | +€5,166 | +106.8% |
| Other amounts receivable | 41 | - | €4,236 | +€4,236 | |
| Cash at bank and in hand | 54/58 | €62,348 | €54,661 | -€7,686 | -12.3% |
| Deferred charges and accrued income | 490/1 | €1,887 | €1,434 | -€453 | -24.0% |
| Total equity and liabilities | 10/49 | €577,223 | €603,127 | +€25,904 | +4.5% |
| Equity | 10/15 | €72,617 | €100,461 | +€27,845 | +38.3% |
| Contributions | 10/11 | €31,250 | €31,250 | = | 0.0% |
| Reserves | 13 | €41,367 | €69,211 | +€27,845 | +67.3% |
| Distributable reserves | 133 | €41,367 | €69,211 | +€27,845 | +67.3% |
| Amounts payable | 17/49 | €504,606 | €502,665 | -€1,941 | -0.4% |
| Amounts payable after more than one year | 17 | €390,000 | €390,000 | = | 0.0% |
| Financial debts | 170/4 | €390,000 | €390,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,606 | €112,311 | -€2,295 | -2.0% |
| Trade debts | 44 | €2,660 | €2,505 | -€155 | -5.8% |
| Suppliers | 440/4 | €2,660 | €2,505 | -€155 | -5.8% |
| Advances received on contracts in progress | 46 | €35,530 | €34,806 | -€724 | -2.0% |
| Taxes, remuneration and social security | 45 | €1,746 | €2,984 | +€1,238 | +70.9% |
| Taxes | 450/3 | €1,746 | €2,984 | +€1,238 | +70.9% |
| Other amounts payable | 47/48 | €74,670 | €72,016 | -€2,654 | -3.6% |
| Accrued charges and deferred income | 492/3 | - | €354 | +€354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,985 | €29,692 | +€2,707 | +10.0% |
| Other operating charges | 640/8 | €3,980 | €4,398 | +€417 | +10.5% |
| Gross operating margin | 9900 | €46,641 | €64,792 | +€18,151 | +38.9% |
| Operating profit (loss) | 9901 | €15,675 | €30,703 | +€15,027 | +95.9% |
| Financial income | 75/76B | €0 | €395 | +€395 | +3954500.0% |
| Recurring financial income | 75 | €0 | €395 | +€395 | +3954500.0% |
| Financial charges | 65/66B | €103 | €469 | +€366 | +353.8% |
| Recurring financial charges | 65 | €103 | €469 | +€366 | +353.8% |
| Profit (loss) for the period before taxes | 9903 | €15,572 | €30,629 | +€15,057 | +96.7% |
| Income taxes | 67/77 | €1,416 | €2,784 | +€1,369 | +96.7% |
| Profit (loss) for the period | 9904 | €14,156 | €27,845 | +€13,688 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,156 | €27,845 | +€13,688 | +96.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.