QUADRUM RAIL LOGISTICS: what changed
QUADRUM RAIL LOGISTICS
Largest movements
- Cash -€22,614
down €22,614 (-36.1%), from €62,607 to €39,993
mainly Trade debts (-€40,835) and Short-term financial debts (-€3,375)
- Receivables within one year -€9,313
down €9,313 (-2.5%), from €375,363 to €366,050
of which Trade receivables: -€9,750
- Trade debts -€40,835
down €40,835 (-13.8%), from €296,232 to €255,397
- Reserves +€8,312
up €8,312 (+6.6%), from €125,053 to €133,366
of which Distributable reserves: +€8,312
- Gross operating margin -€22,402
down €22,402 (-62.9%), from €35,590 to €13,188
- Taxes -€5,608
down €5,608 (-59.7%), from €9,395 to €3,787
- Other operating charges -€566
down €566 (-52.1%), from €1,086 to €520
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 | €437,970 | €406,043 | -€31,927 | -7.3% |
| Current assets | 29/58 | €437,970 | €406,043 | -€31,927 | -7.3% |
| Amounts receivable within one year | 40/41 | €375,363 | €366,050 | -€9,313 | -2.5% |
| Trade receivables | 40 | €371,699 | €361,949 | -€9,750 | -2.6% |
| Other amounts receivable | 41 | €3,664 | €4,101 | +€437 | +11.9% |
| Cash at bank and in hand | 54/58 | €62,607 | €39,993 | -€22,614 | -36.1% |
| Total equity and liabilities | 10/49 | €437,970 | €406,043 | -€31,927 | -7.3% |
| Equity | 10/15 | €137,453 | €145,766 | +€8,312 | +6.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €125,053 | €133,366 | +€8,312 | +6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,193 | €131,506 | +€8,312 | +6.7% |
| Amounts payable | 17/49 | €300,517 | €260,278 | -€40,239 | -13.4% |
| Amounts payable within one year | 42/48 | €299,832 | €259,592 | -€40,239 | -13.4% |
| Financial debts | 43 | €3,375 | - | -€3,375 | |
| Credit institutions | 430/8 | €3,375 | - | -€3,375 | |
| Trade debts | 44 | €296,232 | €255,397 | -€40,835 | -13.8% |
| Suppliers | 440/4 | €296,232 | €255,397 | -€40,835 | -13.8% |
| Taxes, remuneration and social security | 45 | - | €3,787 | +€3,787 | |
| Taxes | 450/3 | - | €3,787 | +€3,787 | |
| Other amounts payable | 47/48 | €225 | €409 | +€183 | +81.4% |
| Accrued charges and deferred income | 492/3 | €685 | €685 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €520 | -€566 | -52.1% |
| Gross operating margin | 9900 | €35,590 | €13,188 | -€22,402 | -62.9% |
| Operating profit (loss) | 9901 | €34,505 | €12,668 | -€21,836 | -63.3% |
| Financial income | 75/76B | €294 | €1 | -€294 | -99.8% |
| Recurring financial income | 75 | €294 | €1 | -€294 | -99.8% |
| Financial charges | 65/66B | €820 | €570 | -€250 | -30.5% |
| Recurring financial charges | 65 | €820 | €570 | -€250 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €33,979 | €12,099 | -€21,880 | -64.4% |
| Income taxes | 67/77 | €9,395 | €3,787 | -€5,608 | -59.7% |
| Profit (loss) for the period | 9904 | €24,584 | €8,312 | -€16,272 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,584 | €8,312 | -€16,272 | -66.2% |
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 2 November 2026 via checked.be.