QUADRE-S: 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.
QUADRE-S
Largest movements
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year +€36,192
up €36,192 (+332%), from €10,895 to €47,087
of which Trade receivables: +€20,868
- Cash -€8,400
down €8,400 (-9.5%), from €88,461 to €80,061
mainly Receivables within one year (-€36,192) and Net result for the year (-€22,557)
- Tangible fixed assets -€2,327
down €2,327 (-23.6%), from €9,838 to €7,512
of which Furniture and vehicles: -€1,781
- Profit (loss) carried forward -€22,557
down €22,557 (-148%), from -€15,195 to -€37,752
- Trade debts +€8,799
up €8,799 (+525%), from €1,676 to €10,475
- Gross operating margin -€77,048
down €77,048, from €60,955 to -€16,093
- Taxes -€15,213
no longer reported in 2025 (was €15,213)
- Financial income +€714
up €714 (+93.0%), from €768 to €1,483
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 | €155,005 | €141,299 | -€13,706 | -8.8% |
| Fixed assets | 21/28 | €9,838 | €7,512 | -€2,327 | -23.6% |
| Tangible fixed assets | 22/27 | €9,838 | €7,512 | -€2,327 | -23.6% |
| Plant, machinery and equipment | 23 | €2,067 | €1,521 | -€546 | -26.4% |
| Furniture and vehicles | 24 | €7,771 | €5,991 | -€1,781 | -22.9% |
| Current assets | 29/58 | €145,167 | €133,788 | -€11,380 | -7.8% |
| Amounts receivable within one year | 40/41 | €10,895 | €47,087 | +€36,192 | +332% |
| Trade receivables | 40 | €363 | €21,231 | +€20,868 | +5,749% |
| Other amounts receivable | 41 | €10,532 | €25,856 | +€15,324 | +145% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €88,461 | €80,061 | -€8,400 | -9.5% |
| Deferred charges and accrued income | 490/1 | €5,811 | €6,640 | +€828 | +14.3% |
| Total equity and liabilities | 10/49 | €155,005 | €141,299 | -€13,706 | -8.8% |
| Equity | 10/15 | €147,882 | €125,325 | -€22,557 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,477 | €144,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €106,860 | €106,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €106,860 | €106,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,160 | €16,160 | = | 0.0% |
| Distributable reserves | 133 | €21,457 | €21,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,195 | -€37,752 | -€22,557 | -148% |
| Amounts payable | 17/49 | €7,124 | €15,974 | +€8,851 | +124% |
| Amounts payable within one year | 42/48 | €7,098 | €15,974 | +€8,876 | +125% |
| Trade debts | 44 | €1,676 | €10,475 | +€8,799 | +525% |
| Suppliers | 440/4 | €1,676 | €10,475 | +€8,799 | +525% |
| Taxes, remuneration and social security | 45 | €4,275 | €5,025 | +€750 | +17.5% |
| Taxes | 450/3 | €865 | €1,876 | +€1,011 | +117% |
| Remuneration and social security | 454/9 | €3,410 | €3,149 | -€261 | -7.7% |
| Other amounts payable | 47/48 | €1,147 | €474 | -€673 | -58.7% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Remuneration, social security and pensions | 62 | €100 | €545 | +€445 | +445% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,419 | €3,543 | +€125 | +3.6% |
| Other operating charges | 640/8 | €1,746 | €1,344 | -€402 | -23.0% |
| Gross operating margin | 9900 | €60,955 | -€16,093 | -€77,048 | |
| Operating profit (loss) | 9901 | €55,690 | -€21,525 | -€77,215 | |
| Financial income | 75/76B | €768 | €1,483 | +€714 | +93.0% |
| Recurring financial income | 75 | €768 | €1,483 | +€714 | +93.0% |
| Financial charges | 65/66B | €2,937 | €2,515 | -€422 | -14.4% |
| Recurring financial charges | 65 | €2,937 | €2,515 | -€422 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €53,522 | -€22,557 | -€76,079 | |
| Income taxes | 67/77 | €15,213 | - | -€15,213 | |
| Profit (loss) for the period | 9904 | €38,309 | -€22,557 | -€60,866 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,309 | -€22,557 | -€60,866 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.