Quadria: 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.
Quadria
Largest movements
- Cash -€18,119
down €18,119 (-47.9%), from €37,830 to €19,711
mainly Net result for the year (-€89,236) and Investment in fixed assets (net) (-€24,624)
- Receivables within one year -€14,161
down €14,161 (-19.3%), from €73,455 to €59,295
of which Other amounts receivable: -€41,933
- Profit (loss) carried forward -€89,236
down €89,236, from €62,159 to -€27,078
- Other debts +€41,369
up €41,369 (+136%), from €30,317 to €71,685
- Trade debts +€14,524
up €14,524 (+40.2%), from €36,094 to €50,618
- Financial charges +€52,944
up €52,944 (+842%), from €6,287 to €59,230
- Gross operating margin -€28,503
down €28,503, from €25,102 to -€3,401
- Depreciation +€10,042
up €10,042 (+74.8%), from €13,434 to €23,476
- Taxes +€2,106
up €2,106, from -€1,576 to €530
- Other operating charges -€1,617
down €1,617 (-38.3%), from €4,227 to €2,609
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 | €308,453 | €276,190 | -€32,263 | -10.5% |
| Fixed assets | 21/28 | €195,750 | €196,899 | +€1,148 | +0.6% |
| Tangible fixed assets | 22/27 | €193,750 | €194,899 | +€1,148 | +0.6% |
| Land and buildings | 22 | €154,146 | €143,430 | -€10,716 | -7.0% |
| Furniture and vehicles | 24 | €10,337 | €5,287 | -€5,050 | -48.9% |
| Other tangible fixed assets | 26 | €29,268 | €46,182 | +€16,914 | +57.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €112,703 | €79,292 | -€33,411 | -29.6% |
| Amounts receivable within one year | 40/41 | €73,455 | €59,295 | -€14,161 | -19.3% |
| Trade receivables | 40 | €31,522 | €59,295 | +€27,772 | +88.1% |
| Other amounts receivable | 41 | €41,933 | €0 | -€41,933 | -100% |
| Cash at bank and in hand | 54/58 | €37,830 | €19,711 | -€18,119 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,417 | €286 | -€1,131 | -79.8% |
| Total equity and liabilities | 10/49 | €308,453 | €276,190 | -€32,263 | -10.5% |
| Equity | 10/15 | €102,159 | €12,922 | -€89,236 | -87.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,159 | -€27,078 | -€89,236 | |
| Amounts payable | 17/49 | €206,295 | €263,268 | +€56,974 | +27.6% |
| Amounts payable after more than one year | 17 | €124,518 | €126,776 | +€2,259 | +1.8% |
| Financial debts | 170/4 | €124,518 | €126,776 | +€2,259 | +1.8% |
| Amounts payable within one year | 42/48 | €81,777 | €135,969 | +€54,192 | +66.3% |
| Current portion of amounts payable after more than one year | 42 | €8,405 | €8,689 | +€284 | +3.4% |
| Trade debts | 44 | €36,094 | €50,618 | +€14,524 | +40.2% |
| Suppliers | 440/4 | €36,094 | €50,618 | +€14,524 | +40.2% |
| Taxes, remuneration and social security | 45 | €6,962 | €4,977 | -€1,985 | -28.5% |
| Taxes | 450/3 | €6,962 | €4,977 | -€1,985 | -28.5% |
| Other amounts payable | 47/48 | €30,317 | €71,685 | +€41,369 | +136% |
| Accrued charges and deferred income | 492/3 | - | €523 | +€523 | |
| Non-recurring operating income | 76A | €25,000 | €0 | -€25,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,434 | €23,476 | +€10,042 | +74.8% |
| Other operating charges | 640/8 | €4,227 | €2,609 | -€1,617 | -38.3% |
| Gross operating margin | 9900 | €25,102 | -€3,401 | -€28,503 | |
| Operating profit (loss) | 9901 | €7,441 | -€29,486 | -€36,928 | |
| Financial income | 75/76B | €879 | €10 | -€869 | -98.9% |
| Recurring financial income | 75 | €879 | €10 | -€869 | -98.9% |
| Financial charges | 65/66B | €6,287 | €59,230 | +€52,944 | +842% |
| Recurring financial charges | 65 | €6,287 | €59,230 | +€52,944 | +842% |
| Profit (loss) for the period before taxes | 9903 | €2,034 | -€88,707 | -€90,740 | |
| Income taxes | 67/77 | -€1,576 | €530 | +€2,106 | |
| Profit (loss) for the period | 9904 | €3,610 | -€89,236 | -€92,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,610 | -€89,236 | -€92,846 |
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 30 October 2026 via checked.be.