QUADRONICS: what changed
QUADRONICS
Largest movements
- Receivables within one year -€25,931
down €25,931 (-32.1%), from €80,857 to €54,926
of which Trade receivables: -€23,833
- Intangible fixed assets +€21,323
up €21,323 (+33.0%), from €64,709 to €86,032
- Cash -€14,059
down €14,059 (-55.3%), from €25,423 to €11,364
mainly Investment in fixed assets (net) (-€46,647) and Debts after one year (-€28,647)
- Tangible fixed assets -€12,180
down €12,180 (-12.5%), from €97,228 to €85,048
- Debts after one year -€28,647
down €28,647 (-13.0%), from €220,682 to €192,035
- Gross operating margin +€42,462
up €42,462 (+79.9%), from €53,137 to €95,598
- Staff costs +€41,931
up €41,931 (+557%), from €7,530 to €49,462
- Financial charges +€3,238
up €3,238 (+139%), from €2,322 to €5,560
of which Non-recurring financial charges: +€3,518
- Financial income +€2,124
up €2,124 (+7,856%), from €27 to €2,151
of which Financial income: +€2,023
- Taxes +€1,488
up €1,488 (+537%), from €277 to €1,765
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €373,944 | €346,106 | -€27,838 | -7.4% |
| Formation expenses | 20 | €2,284 | €2,402 | +€118 | +5.2% |
| Fixed assets | 21/28 | €261,937 | €271,080 | +€9,143 | +3.5% |
| Intangible fixed assets | 21 | €64,709 | €86,032 | +€21,323 | +33.0% |
| Tangible fixed assets | 22/27 | €97,228 | €85,048 | -€12,180 | -12.5% |
| Other tangible fixed assets | 26 | €97,228 | €85,048 | -€12,180 | -12.5% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €109,723 | €72,624 | -€37,099 | -33.8% |
| Amounts receivable within one year | 40/41 | €80,857 | €54,926 | -€25,931 | -32.1% |
| Trade receivables | 40 | €75,082 | €51,248 | -€23,833 | -31.7% |
| Other amounts receivable | 41 | €5,775 | €3,678 | -€2,098 | -36.3% |
| Cash at bank and in hand | 54/58 | €25,423 | €11,364 | -€14,059 | -55.3% |
| Deferred charges and accrued income | 490/1 | €3,443 | €6,334 | +€2,891 | +84.0% |
| Total equity and liabilities | 10/49 | €373,944 | €346,106 | -€27,838 | -7.4% |
| Equity | 10/15 | €56,178 | €58,564 | +€2,386 | +4.2% |
| Contributions | 10/11 | €5,600 | €5,600 | = | 0.0% |
| Reserves | 13 | €50,578 | €52,964 | +€2,386 | +4.7% |
| Distributable reserves | 133 | €50,578 | €52,964 | +€2,386 | +4.7% |
| Amounts payable | 17/49 | €317,766 | €287,542 | -€30,224 | -9.5% |
| Amounts payable after more than one year | 17 | €220,682 | €192,035 | -€28,647 | -13.0% |
| Financial debts | 170/4 | €220,682 | €192,035 | -€28,647 | -13.0% |
| Amounts payable within one year | 42/48 | €97,084 | €95,507 | -€1,577 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €28,223 | €28,647 | +€424 | +1.5% |
| Trade debts | 44 | €65,089 | €65,095 | +€6 | 0.0% |
| Suppliers | 440/4 | €65,089 | €65,095 | +€6 | 0.0% |
| Taxes, remuneration and social security | 45 | €3,772 | €1,765 | -€2,007 | -53.2% |
| Taxes | 450/3 | €502 | €1,765 | +€1,263 | +252% |
| Remuneration and social security | 454/9 | €3,270 | - | -€3,270 | |
| Remuneration, social security and pensions | 62 | €7,530 | €49,462 | +€41,931 | +557% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,044 | €37,386 | +€343 | +0.9% |
| Other operating charges | 640/8 | €319 | €1,191 | +€873 | +274% |
| Gross operating margin | 9900 | €53,137 | €95,598 | +€42,462 | +79.9% |
| Operating profit (loss) | 9901 | €8,244 | €7,559 | -€685 | -8.3% |
| Financial income | 75/76B | €27 | €2,151 | +€2,124 | +7,856% |
| Recurring financial income | 75 | €27 | €2,050 | +€2,023 | +7,480% |
| Non-recurring financial income | 76B | - | €102 | +€102 | |
| Financial charges | 65/66B | €2,322 | €5,560 | +€3,238 | +139% |
| Recurring financial charges | 65 | €2,322 | €2,042 | -€280 | -12.1% |
| Non-recurring financial charges | 66B | - | €3,518 | +€3,518 | |
| Profit (loss) for the period before taxes | 9903 | €5,949 | €4,151 | -€1,798 | -30.2% |
| Income taxes | 67/77 | €277 | €1,765 | +€1,488 | +537% |
| Profit (loss) for the period | 9904 | €5,672 | €2,386 | -€3,286 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,672 | €2,386 | -€3,286 | -57.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.