QUADRILATÈRE: 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.
QUADRILATÈRE
Largest movements
- Tangible fixed assets +€46,728
up €46,728 (+17.4%), from €267,918 to €314,646
of which Land and buildings: +€49,555
- Profit (loss) carried forward +€71,389
up €71,389 (+72.7%), from -€98,165 to -€26,776
- Debts after one year -€25,609
down €25,609 (-16.6%), from €154,625 to €129,016
- Gross operating margin +€63,254
up €63,254 (+201.5%), from €31,392 to €94,646
- Depreciation -€16,786
down €16,786 (-48.8%), from €34,365 to €17,579
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 | €271,293 | €317,777 | +€46,484 | +17.1% |
| Fixed assets | 21/28 | €268,158 | €314,886 | +€46,728 | +17.4% |
| Tangible fixed assets | 22/27 | €267,918 | €314,646 | +€46,728 | +17.4% |
| Land and buildings | 22 | €249,173 | €298,728 | +€49,555 | +19.9% |
| Plant, machinery and equipment | 23 | €225 | €90 | -€135 | -60.0% |
| Other tangible fixed assets | 26 | €18,520 | €15,828 | -€2,692 | -14.5% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €3,135 | €2,891 | -€244 | -7.8% |
| Cash at bank and in hand | 54/58 | €2,736 | €2,488 | -€248 | -9.1% |
| Deferred charges and accrued income | 490/1 | €399 | €403 | +€4 | +1.0% |
| Total equity and liabilities | 10/49 | €271,293 | €317,777 | +€46,484 | +17.1% |
| Equity | 10/15 | -€91,965 | -€20,576 | +€71,389 | +77.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,165 | -€26,776 | +€71,389 | +72.7% |
| Amounts payable | 17/49 | €363,258 | €338,353 | -€24,905 | -6.9% |
| Amounts payable after more than one year | 17 | €154,625 | €129,016 | -€25,609 | -16.6% |
| Financial debts | 170/4 | €154,625 | €129,016 | -€25,609 | -16.6% |
| Amounts payable within one year | 42/48 | €208,633 | €209,337 | +€704 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €25,203 | €25,609 | +€406 | +1.6% |
| Other amounts payable | 47/48 | €183,430 | €183,728 | +€298 | +0.2% |
| Non-recurring operating income | 76A | - | €64,307 | +€64,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,365 | €17,579 | -€16,786 | -48.8% |
| Other operating charges | 640/8 | €2,885 | €2,977 | +€92 | +3.2% |
| Gross operating margin | 9900 | €31,392 | €94,646 | +€63,254 | +201.5% |
| Operating profit (loss) | 9901 | -€5,858 | €74,090 | +€79,948 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,100 | €2,702 | -€398 | -12.8% |
| Recurring financial charges | 65 | €3,100 | €2,702 | -€398 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,958 | €71,389 | +€80,347 | |
| Profit (loss) for the period | 9904 | -€8,958 | €71,389 | +€80,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,958 | €71,389 | +€80,347 |
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 5 October 2026 via checked.be.