QUADRIS: what changed
QUADRIS
Largest movements
- Cash +€81,777
up €81,777 (+5,641%), from €1,450 to €83,226
mainly Net result for the year (+€55,608) and Receivables within one year (+€54,681)
- Receivables within one year -€54,681
down €54,681 (-18.0%), from €304,336 to €249,654
of which Trade receivables: -€60,105
- Tangible fixed assets -€16,555
down €16,555 (-36.9%), from €44,885 to €28,330
of which Furniture and vehicles: -€15,702
- Trade debts -€58,738
down €58,738 (-94.4%), from €62,233 to €3,495
- Reserves +€55,608
up €55,608 (+55.9%), from €99,466 to €155,074
of which Non-distributable reserves: +€55,608
- Other debts +€14,397
new in 2025: €14,397
- Gross operating margin +€319,434
up €319,434 (+682%), from €46,852 to €366,286
- Staff costs +€267,519
new in 2025: €267,519
- Taxes +€13,547
up €13,547 (+117%), from €11,622 to €25,169
- Depreciation +€5,066
up €5,066 (+44.1%), from €11,489 to €16,555
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,461 | €363,795 | +€11,334 | +3.2% |
| Fixed assets | 21/28 | €44,885 | €28,830 | -€16,055 | -35.8% |
| Tangible fixed assets | 22/27 | €44,885 | €28,330 | -€16,555 | -36.9% |
| Land and buildings | 22 | €2,675 | €2,311 | -€364 | -13.6% |
| Plant, machinery and equipment | 23 | €559 | €354 | -€205 | -36.6% |
| Furniture and vehicles | 24 | €37,564 | €21,862 | -€15,702 | -41.8% |
| Other tangible fixed assets | 26 | €4,087 | €3,802 | -€285 | -7.0% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €307,576 | €334,966 | +€27,389 | +8.9% |
| Amounts receivable within one year | 40/41 | €304,336 | €249,654 | -€54,681 | -18.0% |
| Trade receivables | 40 | €304,336 | €244,231 | -€60,105 | -19.7% |
| Other amounts receivable | 41 | - | €5,424 | +€5,424 | |
| Cash at bank and in hand | 54/58 | €1,450 | €83,226 | +€81,777 | +5,641% |
| Deferred charges and accrued income | 490/1 | €1,791 | €2,085 | +€294 | +16.4% |
| Total equity and liabilities | 10/49 | €352,461 | €363,795 | +€11,334 | +3.2% |
| Equity | 10/15 | €290,228 | €345,836 | +€55,608 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,466 | €155,074 | +€55,608 | +55.9% |
| Non-distributable reserves | 130/1 | €84,160 | €139,768 | +€55,608 | +66.1% |
| Reserves not available under the articles | 1311 | €82,300 | €137,908 | +€55,608 | +67.6% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,307 | €15,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,162 | €172,162 | = | 0.0% |
| Amounts payable | 17/49 | €62,233 | €17,959 | -€44,274 | -71.1% |
| Amounts payable within one year | 42/48 | €62,233 | €17,893 | -€44,340 | -71.2% |
| Trade debts | 44 | €62,233 | €3,495 | -€58,738 | -94.4% |
| Suppliers | 440/4 | €62,233 | €3,495 | -€58,738 | -94.4% |
| Other amounts payable | 47/48 | - | €14,397 | +€14,397 | |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Remuneration, social security and pensions | 62 | - | €267,519 | +€267,519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,489 | €16,555 | +€5,066 | +44.1% |
| Other operating charges | 640/8 | €1,157 | €1,064 | -€93 | -8.1% |
| Non-recurring operating charges | 66A | €139 | - | -€139 | |
| Gross operating margin | 9900 | €46,852 | €366,286 | +€319,434 | +682% |
| Operating profit (loss) | 9901 | €34,067 | €81,149 | +€47,081 | +138% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €834 | €372 | -€462 | -55.4% |
| Recurring financial charges | 65 | €834 | €372 | -€462 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €33,254 | €80,777 | +€47,523 | +143% |
| Income taxes | 67/77 | €11,622 | €25,169 | +€13,547 | +117% |
| Profit (loss) for the period | 9904 | €21,632 | €55,608 | +€33,977 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €21,632 | €55,608 | +€33,977 | +157% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.