QUADRO TEAM: 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.
QUADRO TEAM
Largest movements
- Tangible fixed assets -€18,116
down €18,116 (-7.4%), from €245,253 to €227,137
of which Land and buildings: -€17,545
- Cash -€5,829
down €5,829 (-20.5%), from €28,415 to €22,586
mainly Other debts (-€26,796) and Receivables within one year (-€718)
- Other debts -€26,796
down €26,796 (-18.2%), from €147,110 to €120,314
- Reserves +€3,844
up €3,844 (+3.1%), from €125,041 to €128,884
of which Distributable reserves: +€5,326
- Depreciation -€3,169
down €3,169 (-14.9%), from €21,286 to €18,116
- Taxes +€943
up €943 (+60.3%), from €1,563 to €2,507
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 | €274,997 | €251,802 | -€23,194 | -8.4% |
| Fixed assets | 21/28 | €245,403 | €227,287 | -€18,116 | -7.4% |
| Tangible fixed assets | 22/27 | €245,253 | €227,137 | -€18,116 | -7.4% |
| Land and buildings | 22 | €244,016 | €226,472 | -€17,545 | -7.2% |
| Plant, machinery and equipment | 23 | €1,237 | €666 | -€571 | -46.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €29,593 | €24,515 | -€5,078 | -17.2% |
| Amounts receivable within one year | 40/41 | €443 | €1,162 | +€718 | +162.0% |
| Trade receivables | 40 | €443 | €1,162 | +€718 | +162.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €28,415 | €22,586 | -€5,829 | -20.5% |
| Deferred charges and accrued income | 490/1 | €734 | €767 | +€33 | +4.5% |
| Total equity and liabilities | 10/49 | €274,997 | €251,802 | -€23,194 | -8.4% |
| Equity | 10/15 | €125,041 | €128,884 | +€3,844 | +3.1% |
| Reserves | 13 | €125,041 | €128,884 | +€3,844 | +3.1% |
| Tax-exempt reserves | 132 | €6,422 | €4,940 | -€1,482 | -23.1% |
| Distributable reserves | 133 | €118,619 | €123,945 | +€5,326 | +4.5% |
| Provisions and deferred taxes | 16 | €2,602 | €2,002 | -€601 | -23.1% |
| Deferred taxes | 168 | €2,602 | €2,002 | -€601 | -23.1% |
| Amounts payable | 17/49 | €147,353 | €120,916 | -€26,437 | -17.9% |
| Amounts payable within one year | 42/48 | €147,273 | €120,916 | -€26,357 | -17.9% |
| Trade debts | 44 | €0 | €95 | +€95 | +45138.1% |
| Suppliers | 440/4 | €0 | €95 | +€95 | +45138.1% |
| Taxes, remuneration and social security | 45 | €163 | €507 | +€343 | +210.2% |
| Taxes | 450/3 | €163 | €507 | +€343 | +210.2% |
| Other amounts payable | 47/48 | €147,110 | €120,314 | -€26,796 | -18.2% |
| Accrued charges and deferred income | 492/3 | €80 | €0 | -€80 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,286 | €18,116 | -€3,169 | -14.9% |
| Other operating charges | 640/8 | €6,735 | €6,993 | +€258 | +3.8% |
| Gross operating margin | 9900 | €30,914 | €30,937 | +€23 | +0.1% |
| Operating profit (loss) | 9901 | €2,893 | €5,828 | +€2,935 | +101.4% |
| Financial charges | 65/66B | €62 | €78 | +€16 | +25.5% |
| Recurring financial charges | 65 | €62 | €78 | +€16 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €2,831 | €5,750 | +€2,919 | +103.1% |
| Transfer from deferred taxes | 780 | €601 | €601 | = | 0.0% |
| Income taxes | 67/77 | €1,563 | €2,507 | +€943 | +60.3% |
| Profit (loss) for the period | 9904 | €1,868 | €3,844 | +€1,975 | +105.7% |
| Transfer from tax-exempt reserves | 789 | €1,482 | €1,482 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,350 | €5,326 | +€1,975 | +59.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.