QUADRI: 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.
QUADRI
Largest movements
- Tangible fixed assets -€71,617
down €71,617 (-6.5%), from €1.1m to €1.0m
of which Land and buildings: -€62,046
- Receivables within one year +€31,055
up €31,055 (+722.4%), from €4,299 to €35,353
of which Trade receivables: +€30,665
- Debts after one year -€20,759
down €20,759 (-1.3%), from €1.6m to €1.6m
- Gross operating margin -€3,291
down €3,291 (-5.1%), from €65,063 to €61,773
- Depreciation -€2,210
down €2,210 (-3.4%), from €64,993 to €62,783
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 | €1,112,325 | €1,076,893 | -€35,432 | -3.2% |
| Fixed assets | 21/28 | €1,099,225 | €1,027,607 | -€71,617 | -6.5% |
| Tangible fixed assets | 22/27 | €1,099,225 | €1,027,607 | -€71,617 | -6.5% |
| Land and buildings | 22 | €1,089,477 | €1,027,431 | -€62,046 | -5.7% |
| Furniture and vehicles | 24 | €9,747 | €176 | -€9,572 | -98.2% |
| Current assets | 29/58 | €13,100 | €49,286 | +€36,186 | +276.2% |
| Amounts receivable within one year | 40/41 | €4,299 | €35,353 | +€31,055 | +722.4% |
| Trade receivables | 40 | €4,299 | €34,963 | +€30,665 | +713.4% |
| Other amounts receivable | 41 | €0 | €390 | +€390 | |
| Cash at bank and in hand | 54/58 | €2,432 | €7,379 | +€4,947 | +203.5% |
| Deferred charges and accrued income | 490/1 | €6,370 | €6,554 | +€184 | +2.9% |
| Total equity and liabilities | 10/49 | €1,112,325 | €1,076,893 | -€35,432 | -3.2% |
| Equity | 10/15 | -€529,370 | -€539,562 | -€10,192 | -1.9% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€777,264 | -€787,456 | -€10,192 | -1.3% |
| Amounts payable | 17/49 | €1,641,695 | €1,616,455 | -€25,240 | -1.5% |
| Amounts payable after more than one year | 17 | €1,634,882 | €1,614,123 | -€20,759 | -1.3% |
| Financial debts | 170/4 | €1,634,882 | €1,614,123 | -€20,759 | -1.3% |
| Amounts payable within one year | 42/48 | €5,863 | €2,332 | -€3,531 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €2,439 | €0 | -€2,439 | -100.0% |
| Trade debts | 44 | €659 | €0 | -€659 | -100.0% |
| Suppliers | 440/4 | €659 | €0 | -€659 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,765 | €2,332 | -€433 | -15.7% |
| Taxes | 450/3 | €2,765 | €2,332 | -€433 | -15.7% |
| Accrued charges and deferred income | 492/3 | €950 | €0 | -€950 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,993 | €62,783 | -€2,210 | -3.4% |
| Other operating charges | 640/8 | €4,508 | €4,273 | -€234 | -5.2% |
| Non-recurring operating charges | 66A | - | €3,875 | +€3,875 | |
| Gross operating margin | 9900 | €65,063 | €61,773 | -€3,291 | -5.1% |
| Operating profit (loss) | 9901 | -€4,438 | -€9,159 | -€4,722 | -106.4% |
| Financial income | 75/76B | €9 | €0 | -€8 | -98.8% |
| Recurring financial income | 75 | €9 | €0 | -€8 | -98.8% |
| Financial charges | 65/66B | €620 | €673 | +€53 | +8.5% |
| Recurring financial charges | 65 | €620 | €673 | +€53 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,049 | -€9,832 | -€4,783 | -94.7% |
| Income taxes | 67/77 | €307 | €360 | +€53 | +17.4% |
| Profit (loss) for the period | 9904 | -€5,356 | -€10,192 | -€4,836 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,356 | -€10,192 | -€4,836 | -90.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.