Quadrox International: 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.
Quadrox International
Largest movements
- Receivables within one year -€121,481
down €121,481 (-73.0%), from €166,484 to €45,003
of which Trade receivables: -€125,779
- Cash +€32,044
up €32,044 (+18.4%), from €174,203 to €206,247
mainly Receivables within one year (+€121,481) and Net result for the year (+€18,332)
- Trade debts -€93,512
down €93,512 (-99.9%), from €93,643 to €131
- Profit (loss) carried forward +€11,332
up €11,332, from -€4,352 to €6,980
- Other debts -€7,455
down €7,455 (-3.0%), from €245,277 to €237,822
- Gross operating margin -€4,333
down €4,333 (-17.3%), from €25,019 to €20,686
- Depreciation +€310
up €310 (+31.2%), from €993 to €1,303
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
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 | €342,939 | €253,293 | -€89,646 | -26.1% |
| Fixed assets | 21/28 | €2,189 | €2,043 | -€146 | -6.7% |
| Tangible fixed assets | 22/27 | €2,189 | €2,043 | -€146 | -6.7% |
| Plant, machinery and equipment | 23 | €2,189 | €2,043 | -€146 | -6.7% |
| Current assets | 29/58 | €340,750 | €251,250 | -€89,500 | -26.3% |
| Amounts receivable within one year | 40/41 | €166,484 | €45,003 | -€121,481 | -73.0% |
| Trade receivables | 40 | €125,779 | €0 | -€125,779 | -100% |
| Other amounts receivable | 41 | €40,705 | €45,003 | +€4,298 | +10.6% |
| Cash at bank and in hand | 54/58 | €174,203 | €206,247 | +€32,044 | +18.4% |
| Deferred charges and accrued income | 490/1 | €63 | €0 | -€63 | -100% |
| Total equity and liabilities | 10/49 | €342,939 | €253,293 | -€89,646 | -26.1% |
| Equity | 10/15 | €3,708 | €15,040 | +€11,332 | +306% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,352 | €6,980 | +€11,332 | |
| Amounts payable | 17/49 | €339,231 | €238,253 | -€100,978 | -29.8% |
| Amounts payable within one year | 42/48 | €338,920 | €237,953 | -€100,967 | -29.8% |
| Trade debts | 44 | €93,643 | €131 | -€93,512 | -99.9% |
| Suppliers | 440/4 | €93,643 | €131 | -€93,512 | -99.9% |
| Other amounts payable | 47/48 | €245,277 | €237,822 | -€7,455 | -3.0% |
| Accrued charges and deferred income | 492/3 | €311 | €300 | -€11 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €993 | €1,303 | +€310 | +31.2% |
| Other operating charges | 640/8 | €506 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €25,019 | €20,686 | -€4,333 | -17.3% |
| Operating profit (loss) | 9901 | €23,520 | €18,863 | -€4,657 | -19.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €442 | €405 | -€37 | -8.4% |
| Recurring financial charges | 65 | €442 | €405 | -€37 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €23,078 | €18,460 | -€4,618 | -20.0% |
| Income taxes | 67/77 | - | €128 | +€128 | |
| Profit (loss) for the period | 9904 | €23,078 | €18,332 | -€4,746 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,078 | €18,332 | -€4,746 | -20.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.