QUADRILLE: 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.
QUADRILLE
Largest movements
- Current investments -€604,000
down €604,000 (-31.4%), from €1.9m to €1.3m
- Cash +€364,977
up €364,977 (+133%), from €274,247 to €639,224
mainly Current investments (+€604,000) and Depreciation (+€201,189)
- Tangible fixed assets -€113,674
down €113,674 (-2.3%), from €5.0m to €4.9m
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year -€83,623
down €83,623 (-27.2%), from €307,990 to €224,367
of which Trade receivables: -€172,351
- Debts after one year -€319,083
down €319,083 (-15.3%), from €2.1m to €1.8m
- Financial charges -€3.7m
down €3.7m (-98.9%), from €3.8m to €43,037
of which Non-recurring financial charges: -€3.7m
- Financial income -€577,574
down €577,574 (-93.9%), from €615,134 to €37,560
of which Non-recurring financial income: -€594,916
- Gross operating margin -€163,679
down €163,679 (-42.7%), from €383,396 to €219,717
- Taxes +€10,639
up €10,639 (+2,219%), from €479 to €11,119
- Other operating charges -€10,010
down €10,010 (-57.3%), from €17,455 to €7,445
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 | €7,781,853 | €7,426,939 | -€354,915 | -4.6% |
| Fixed assets | 21/28 | €5,046,584 | €4,932,910 | -€113,674 | -2.3% |
| Tangible fixed assets | 22/27 | €5,046,566 | €4,932,892 | -€113,674 | -2.3% |
| Land and buildings | 22 | €3,776,740 | €3,739,128 | -€37,612 | -1.0% |
| Plant, machinery and equipment | 23 | €181,237 | €136,837 | -€44,401 | -24.5% |
| Furniture and vehicles | 24 | €88,588 | €56,928 | -€31,661 | -35.7% |
| Other tangible fixed assets | 26 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €2,735,269 | €2,494,028 | -€241,241 | -8.8% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €307,990 | €224,367 | -€83,623 | -27.2% |
| Trade receivables | 40 | €212,552 | €40,201 | -€172,351 | -81.1% |
| Other amounts receivable | 41 | €95,438 | €184,166 | +€88,728 | +93.0% |
| Current investments | 50/53 | €1,920,619 | €1,316,619 | -€604,000 | -31.4% |
| Cash at bank and in hand | 54/58 | €274,247 | €639,224 | +€364,977 | +133% |
| Deferred charges and accrued income | 490/1 | €232,413 | €213,818 | -€18,595 | -8.0% |
| Total equity and liabilities | 10/49 | €7,781,853 | €7,426,939 | -€354,915 | -4.6% |
| Equity | 10/15 | €5,298,962 | €5,293,449 | -€5,513 | -0.1% |
| Contributions | 10/11 | €3,746,000 | €3,746,000 | = | 0.0% |
| Reserves | 13 | €2,191,990 | €2,191,990 | = | 0.0% |
| Non-distributable reserves | 130/1 | €374,600 | €374,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €374,600 | €374,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,390 | €67,390 | = | 0.0% |
| Distributable reserves | 133 | €1,750,000 | €1,750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€639,028 | -€644,541 | -€5,513 | -0.9% |
| Provisions and deferred taxes | 16 | €5,012 | €5,012 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,012 | €5,012 | = | 0.0% |
| Taxes | 161 | €5,012 | €5,012 | = | 0.0% |
| Amounts payable | 17/49 | €2,477,880 | €2,128,478 | -€349,401 | -14.1% |
| Amounts payable after more than one year | 17 | €2,082,033 | €1,762,950 | -€319,083 | -15.3% |
| Financial debts | 170/4 | €2,082,033 | €1,762,950 | -€319,083 | -15.3% |
| Amounts payable within one year | 42/48 | €392,808 | €358,889 | -€33,919 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €321,417 | €318,974 | -€2,443 | -0.8% |
| Trade debts | 44 | €30,885 | €11,466 | -€19,419 | -62.9% |
| Suppliers | 440/4 | €30,885 | €11,466 | -€19,419 | -62.9% |
| Taxes, remuneration and social security | 45 | €23,722 | €7,995 | -€15,727 | -66.3% |
| Taxes | 450/3 | €23,722 | €7,995 | -€15,727 | -66.3% |
| Other amounts payable | 47/48 | €16,784 | €20,454 | +€3,670 | +21.9% |
| Accrued charges and deferred income | 492/3 | €3,038 | €6,639 | +€3,601 | +119% |
| Non-recurring operating income | 76A | €19,500 | €0 | -€19,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,262 | €201,189 | +€5,927 | +3.0% |
| Other operating charges | 640/8 | €17,455 | €7,445 | -€10,010 | -57.3% |
| Non-recurring operating charges | 66A | €1,380 | €0 | -€1,380 | -100% |
| Gross operating margin | 9900 | €383,396 | €219,717 | -€163,679 | -42.7% |
| Operating profit (loss) | 9901 | €169,298 | €11,082 | -€158,216 | -93.5% |
| Financial income | 75/76B | €615,134 | €37,560 | -€577,574 | -93.9% |
| Recurring financial income | 75 | €20,218 | €37,560 | +€17,342 | +85.8% |
| Non-recurring financial income | 76B | €594,916 | €0 | -€594,916 | -100% |
| Financial charges | 65/66B | €3,764,033 | €43,037 | -€3.7m | -98.9% |
| Recurring financial charges | 65 | €53,315 | €43,037 | -€10,278 | -19.3% |
| Non-recurring financial charges | 66B | €3,710,718 | €0 | -€3.7m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€2,979,600 | €5,605 | +€3.0m | |
| Income taxes | 67/77 | €479 | €11,119 | +€10,639 | +2,219% |
| Profit (loss) for the period | 9904 | -€2,980,080 | -€5,513 | +€3.0m | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,980,080 | -€5,513 | +€3.0m | +99.8% |
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 19 October 2026 via checked.be.