QUADRIFOGLIO: 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.
QUADRIFOGLIO
Largest movements
- Receivables within one year +€20,533
up €20,533 (+4.9%), from €415,122 to €435,655
- Tangible fixed assets -€11,580
down €11,580 (-7.7%), from €151,269 to €139,689
of which Other tangible fixed assets: -€11,354
- Trade debts +€14,519
up €14,519 (+112%), from €13,009 to €27,527
- Reserves -€7,476
down €7,476 (-2.5%), from €298,166 to €290,690
of which Distributable reserves: -€7,476
- Taxes -€24,333
down €24,333 (-97.6%), from €24,919 to €586
- Gross operating margin -€24,017
down €24,017 (-48.2%), from €49,831 to €25,814
- Financial income +€1,688
up €1,688 (+77.4%), from €2,180 to €3,868
- Financial charges -€1,135
down €1,135 (-8.7%), from €12,999 to €11,864
- Other operating charges +€851
up €851 (+6.9%), from €12,276 to €13,127
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 | €590,003 | €597,301 | +€7,298 | +1.2% |
| Fixed assets | 21/28 | €152,319 | €140,739 | -€11,580 | -7.6% |
| Tangible fixed assets | 22/27 | €151,269 | €139,689 | -€11,580 | -7.7% |
| Land and buildings | 22 | €60,437 | €60,211 | -€226 | -0.4% |
| Other tangible fixed assets | 26 | €90,832 | €79,478 | -€11,354 | -12.5% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €437,685 | €456,562 | +€18,878 | +4.3% |
| Amounts receivable after more than one year | 29 | €6,132 | €6,132 | = | 0.0% |
| Trade receivables | 290 | €6,132 | €6,132 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €415,122 | €435,655 | +€20,533 | +4.9% |
| Other amounts receivable | 41 | €415,122 | €435,655 | +€20,533 | +4.9% |
| Cash at bank and in hand | 54/58 | €1,782 | €127 | -€1,655 | -92.9% |
| Deferred charges and accrued income | 490/1 | €14,648 | €14,648 | = | 0.0% |
| Total equity and liabilities | 10/49 | €590,003 | €597,301 | +€7,298 | +1.2% |
| Equity | 10/15 | €353,942 | €346,466 | -€7,476 | -2.1% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €298,166 | €290,690 | -€7,476 | -2.5% |
| Non-distributable reserves | 130/1 | €5,600 | €5,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,600 | €5,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €292,566 | €285,090 | -€7,476 | -2.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €236,062 | €250,835 | +€14,773 | +6.3% |
| Amounts payable after more than one year | 17 | €142,107 | €138,254 | -€3,853 | -2.7% |
| Financial debts | 170/4 | €142,107 | €138,254 | -€3,853 | -2.7% |
| Amounts payable within one year | 42/48 | €93,955 | €112,581 | +€18,626 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €3,561 | €3,853 | +€292 | +8.2% |
| Trade debts | 44 | €13,009 | €27,527 | +€14,519 | +112% |
| Suppliers | 440/4 | €13,009 | €27,527 | +€14,519 | +112% |
| Taxes, remuneration and social security | 45 | €25,475 | €25,505 | +€30 | +0.1% |
| Taxes | 450/3 | €25,475 | €25,505 | +€30 | +0.1% |
| Other amounts payable | 47/48 | €51,910 | €55,696 | +€3,786 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,580 | €11,580 | = | 0.0% |
| Other operating charges | 640/8 | €12,276 | €13,127 | +€851 | +6.9% |
| Gross operating margin | 9900 | €49,831 | €25,814 | -€24,017 | -48.2% |
| Operating profit (loss) | 9901 | €25,975 | €1,107 | -€24,868 | -95.7% |
| Financial income | 75/76B | €2,180 | €3,868 | +€1,688 | +77.4% |
| Recurring financial income | 75 | €2,180 | €3,868 | +€1,688 | +77.4% |
| Financial charges | 65/66B | €12,999 | €11,864 | -€1,135 | -8.7% |
| Recurring financial charges | 65 | €12,999 | €11,864 | -€1,135 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €15,155 | -€6,890 | -€22,045 | |
| Transfer from deferred taxes | 780 | €22,214 | €0 | -€22,214 | -100% |
| Income taxes | 67/77 | €24,919 | €586 | -€24,333 | -97.6% |
| Profit (loss) for the period | 9904 | €12,451 | -€7,476 | -€19,926 | |
| Transfer from tax-exempt reserves | 789 | €66,642 | €0 | -€66,642 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €79,093 | -€7,476 | -€86,568 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.