QUADRATUM: 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.
QUADRATUM
Largest movements
- Tangible fixed assets +€173,415
up €173,415 (+82.6%), from €209,953 to €383,368
of which Land and buildings: +€173,883
- Cash -€116,214
down €116,214 (-98.4%), from €118,102 to €1,888
mainly Investment in fixed assets (net) (-€233,467) and Net result for the year (-€26,812)
- Receivables within one year +€17,805
up €17,805 (+64.9%), from €27,445 to €45,250
of which Other amounts receivable: +€13,262
- Other debts +€96,165
up €96,165 (+12.6%), from €763,177 to €859,342
- Reserves -€26,463
down €26,463 (-9.5%), from €280,000 to €253,537
of which Distributable reserves: -€26,463
- Depreciation +€39,648
up €39,648 (+194.3%), from €20,404 to €60,052
- Gross operating margin +€10,856
up €10,856 (+14.1%), from €76,885 to €87,741
- Financial charges +€1,625
up €1,625 (+27.9%), from €5,815 to €7,440
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 | €1,131,026 | €1,206,250 | +€75,223 | +6.7% |
| Fixed assets | 21/28 | €210,084 | €383,500 | +€173,415 | +82.5% |
| Tangible fixed assets | 22/27 | €209,953 | €383,368 | +€173,415 | +82.6% |
| Land and buildings | 22 | €208,712 | €382,595 | +€173,883 | +83.3% |
| Furniture and vehicles | 24 | €1,241 | €773 | -€468 | -37.7% |
| Financial fixed assets | 28 | €131 | €131 | = | 0.0% |
| Current assets | 29/58 | €920,942 | €822,750 | -€98,192 | -10.7% |
| Stocks and contracts in progress | 3 | €770,976 | €773,476 | +€2,500 | +0.3% |
| Stocks | 30/36 | €770,976 | €773,476 | +€2,500 | +0.3% |
| Amounts receivable within one year | 40/41 | €27,445 | €45,250 | +€17,805 | +64.9% |
| Trade receivables | 40 | €17,439 | €21,982 | +€4,543 | +26.1% |
| Other amounts receivable | 41 | €10,005 | €23,268 | +€13,262 | +132.5% |
| Cash at bank and in hand | 54/58 | €118,102 | €1,888 | -€116,214 | -98.4% |
| Deferred charges and accrued income | 490/1 | €4,420 | €2,137 | -€2,283 | -51.7% |
| Total equity and liabilities | 10/49 | €1,131,026 | €1,206,250 | +€75,223 | +6.7% |
| Equity | 10/15 | €341,849 | €315,037 | -€26,812 | -7.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €280,000 | €253,537 | -€26,463 | -9.5% |
| Non-distributable reserves | 130/1 | €6,756 | €6,756 | = | 0.0% |
| Legal reserve | 130 | €6,756 | €6,756 | = | 0.0% |
| Distributable reserves | 133 | €273,244 | €246,781 | -€26,463 | -9.7% |
| Profit (loss) carried forward | 14 | €349 | - | -€349 | |
| Amounts payable | 17/49 | €789,177 | €891,213 | +€102,035 | +12.9% |
| Amounts payable within one year | 42/48 | €780,079 | €881,794 | +€101,715 | +13.0% |
| Trade debts | 44 | €2,685 | €2,141 | -€545 | -20.3% |
| Suppliers | 440/4 | €2,685 | €2,141 | -€545 | -20.3% |
| Advances received on contracts in progress | 46 | €4,690 | €14,305 | +€9,615 | +205.0% |
| Taxes, remuneration and social security | 45 | €9,526 | €6,006 | -€3,520 | -37.0% |
| Taxes | 450/3 | €3,495 | €62 | -€3,433 | -98.2% |
| Remuneration and social security | 454/9 | €6,031 | €5,944 | -€87 | -1.4% |
| Other amounts payable | 47/48 | €763,177 | €859,342 | +€96,165 | +12.6% |
| Accrued charges and deferred income | 492/3 | €9,099 | €9,419 | +€320 | +3.5% |
| Remuneration, social security and pensions | 62 | €38,984 | €39,513 | +€529 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,404 | €60,052 | +€39,648 | +194.3% |
| Other operating charges | 640/8 | €7,950 | €8,009 | +€58 | +0.7% |
| Gross operating margin | 9900 | €76,885 | €87,741 | +€10,856 | +14.1% |
| Operating profit (loss) | 9901 | €9,547 | -€19,832 | -€29,379 | |
| Financial income | 75/76B | €18 | €460 | +€441 | +2402.3% |
| Recurring financial income | 75 | €18 | €460 | +€441 | +2402.3% |
| Financial charges | 65/66B | €5,815 | €7,440 | +€1,625 | +27.9% |
| Recurring financial charges | 65 | €5,815 | €7,440 | +€1,625 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €3,750 | -€26,812 | -€30,562 | |
| Profit (loss) for the period | 9904 | €3,750 | -€26,812 | -€30,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,750 | -€26,812 | -€30,562 |
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.