QUADRILLION: 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.
QUADRILLION
Largest movements
- Receivables within one year -€14,324
no longer reported in 2025 (was €14,324)
of which Other amounts receivable: -€12,488
- Tangible fixed assets -€2,187
down €2,187 (-28.1%), from €7,787 to €5,599
of which Furniture and vehicles: -€2,550
- Deferred charges and accrued income -€1,951
no longer reported in 2025 (was €1,951)
- Other debts +€41,183
new in 2025: €41,183
- Profit (loss) carried forward -€32,188
down €32,188 (-43.6%), from -€73,820 to -€106,007
- Current portion of long-term debt -€20,050
down €20,050 (-72.0%), from €27,833 to €7,783
- Tax, wage and social debts -€4,976
down €4,976 (-83.3%), from €5,971 to €995
- Trade debts -€1,675
down €1,675 (-89.1%), from €1,879 to €205
- Staff costs -€49,890
no longer reported in 2025 (was €49,890)
- Gross operating margin -€24,452
down €24,452, from €10,495 to -€13,957
- Other operating charges +€3,915
up €3,915 (+372%), from €1,052 to €4,968
- Financial charges +€3,236
up €3,236 (+41.9%), from €7,715 to €10,951
- Depreciation -€779
down €779 (-26.3%), from €2,966 to €2,187
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,062 | €5,599 | -€18,463 | -76.7% |
| Fixed assets | 21/28 | €7,787 | €5,599 | -€2,187 | -28.1% |
| Tangible fixed assets | 22/27 | €7,787 | €5,599 | -€2,187 | -28.1% |
| Land and buildings | 22 | €194 | €97 | -€97 | -50.0% |
| Plant, machinery and equipment | 23 | €1,028 | €752 | -€276 | -26.8% |
| Furniture and vehicles | 24 | €6,565 | €4,014 | -€2,550 | -38.9% |
| Other tangible fixed assets | 26 | - | €736 | +€736 | |
| Current assets | 29/58 | €16,275 | - | -€16,275 | |
| Amounts receivable within one year | 40/41 | €14,324 | - | -€14,324 | |
| Trade receivables | 40 | €1,836 | - | -€1,836 | |
| Other amounts receivable | 41 | €12,488 | - | -€12,488 | |
| Deferred charges and accrued income | 490/1 | €1,951 | - | -€1,951 | |
| Total equity and liabilities | 10/49 | €24,062 | €5,599 | -€18,463 | -76.7% |
| Equity | 10/15 | -€26,783 | -€58,970 | -€32,188 | -120% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,637 | €34,637 | = | 0.0% |
| Distributable reserves | 133 | €34,637 | €34,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,820 | -€106,007 | -€32,188 | -43.6% |
| Amounts payable | 17/49 | €50,845 | €64,570 | +€13,725 | +27.0% |
| Amounts payable within one year | 42/48 | €50,845 | €64,550 | +€13,705 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €27,833 | €7,783 | -€20,050 | -72.0% |
| Financial debts | 43 | €15,161 | €14,385 | -€776 | -5.1% |
| Credit institutions | 430/8 | €15,161 | €14,385 | -€776 | -5.1% |
| Trade debts | 44 | €1,879 | €205 | -€1,675 | -89.1% |
| Suppliers | 440/4 | €1,879 | €205 | -€1,675 | -89.1% |
| Taxes, remuneration and social security | 45 | €5,971 | €995 | -€4,976 | -83.3% |
| Taxes | 450/3 | €5,971 | €995 | -€4,976 | -83.3% |
| Other amounts payable | 47/48 | - | €41,183 | +€41,183 | |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €49,890 | - | -€49,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,966 | €2,187 | -€779 | -26.3% |
| Other operating charges | 640/8 | €1,052 | €4,968 | +€3,915 | +372% |
| Gross operating margin | 9900 | €10,495 | -€13,957 | -€24,452 | |
| Operating profit (loss) | 9901 | -€43,413 | -€21,112 | +€22,301 | +51.4% |
| Financial income | 75/76B | €479 | €0 | -€479 | -100.0% |
| Recurring financial income | 75 | €479 | €0 | -€479 | -100.0% |
| Financial charges | 65/66B | €7,715 | €10,951 | +€3,236 | +41.9% |
| Recurring financial charges | 65 | €7,715 | €10,951 | +€3,236 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,649 | -€32,063 | +€18,586 | +36.7% |
| Income taxes | 67/77 | €604 | €124 | -€479 | -79.4% |
| Profit (loss) for the period | 9904 | -€51,253 | -€32,188 | +€19,065 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,253 | -€32,188 | +€19,065 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.