QUADROFOLIUM: 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.
QUADROFOLIUM
Largest movements
- Cash +€13,801
up €13,801 (+4.2%), from €331,309 to €345,110
mainly Other debts (+€233,389) and Net result for the year (+€13,811)
- Tangible fixed assets -€6,713
down €6,713 (-2.6%), from €261,516 to €254,803
of which Land and buildings: -€9,646
- Reserves -€236,189
down €236,189 (-44.8%), from €527,263 to €291,074
of which Distributable reserves: -€236,189
- Other debts +€233,389
up €233,389 (+4913.5%), from €4,750 to €238,139
- Tax, wage and social debts +€12,503
up €12,503 (+5001.3%), from €250 to €12,753
- Financial income +€5,325
up €5,325 (+420.6%), from €1,266 to €6,590
- Gross operating margin +€4,833
up €4,833 (+19.9%), from €24,338 to €29,171
- Taxes +€2,351
up €2,351 (+81.7%), from €2,879 to €5,230
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 | €596,827 | €603,966 | +€7,139 | +1.2% |
| Fixed assets | 21/28 | €261,516 | €254,803 | -€6,713 | -2.6% |
| Tangible fixed assets | 22/27 | €261,516 | €254,803 | -€6,713 | -2.6% |
| Land and buildings | 22 | €257,051 | €247,405 | -€9,646 | -3.8% |
| Plant, machinery and equipment | 23 | €2,286 | €5,781 | +€3,495 | +152.9% |
| Furniture and vehicles | 24 | €2,179 | €1,616 | -€563 | -25.8% |
| Current assets | 29/58 | €335,311 | €349,164 | +€13,853 | +4.1% |
| Amounts receivable within one year | 40/41 | €3,044 | €3,147 | +€103 | +3.4% |
| Trade receivables | 40 | - | €200 | +€200 | |
| Other amounts receivable | 41 | €3,044 | €2,947 | -€97 | -3.2% |
| Cash at bank and in hand | 54/58 | €331,309 | €345,110 | +€13,801 | +4.2% |
| Deferred charges and accrued income | 490/1 | €959 | €907 | -€52 | -5.4% |
| Total equity and liabilities | 10/49 | €596,827 | €603,966 | +€7,139 | +1.2% |
| Equity | 10/15 | €589,263 | €353,074 | -€236,189 | -40.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €527,263 | €291,074 | -€236,189 | -44.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,722 | €14,722 | = | 0.0% |
| Distributable reserves | 133 | €506,341 | €270,152 | -€236,189 | -46.6% |
| Amounts payable | 17/49 | €7,564 | €250,892 | +€243,328 | +3216.9% |
| Amounts payable within one year | 42/48 | €7,564 | €250,892 | +€243,328 | +3216.9% |
| Trade debts | 44 | €2,564 | - | -€2,564 | |
| Suppliers | 440/4 | €2,564 | - | -€2,564 | |
| Taxes, remuneration and social security | 45 | €250 | €12,753 | +€12,503 | +5001.3% |
| Taxes | 450/3 | €250 | €12,753 | +€12,503 | +5001.3% |
| Other amounts payable | 47/48 | €4,750 | €238,139 | +€233,389 | +4913.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,799 | €10,976 | +€177 | +1.6% |
| Other operating charges | 640/8 | €5,324 | €5,552 | +€228 | +4.3% |
| Gross operating margin | 9900 | €24,338 | €29,171 | +€4,833 | +19.9% |
| Operating profit (loss) | 9901 | €8,215 | €12,643 | +€4,428 | +53.9% |
| Financial income | 75/76B | €1,266 | €6,590 | +€5,325 | +420.6% |
| Recurring financial income | 75 | €1,266 | €6,590 | +€5,325 | +420.6% |
| Financial charges | 65/66B | €212 | €193 | -€20 | -9.3% |
| Recurring financial charges | 65 | €212 | €193 | -€20 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €9,269 | €19,041 | +€9,773 | +105.4% |
| Income taxes | 67/77 | €2,879 | €5,230 | +€2,351 | +81.7% |
| Profit (loss) for the period | 9904 | €6,390 | €13,811 | +€7,421 | +116.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,390 | €13,811 | +€7,421 | +116.1% |
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 6 October 2026 via checked.be.