QUADSTONE REALTY SOLUTIONS: 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.
QUADSTONE REALTY SOLUTIONS
Largest movements
- Receivables within one year +€96,571
up €96,571 (+779%), from €12,403 to €108,974
of which Trade receivables: +€90,901
- Cash -€26,619
down €26,619 (-28.7%), from €92,639 to €66,020
mainly Receivables within one year (-€96,571) and Investment in fixed assets (net) (-€18,384)
- Tangible fixed assets +€14,027
up €14,027 (+170%), from €8,261 to €22,288
of which Plant, machinery and equipment: +€12,021
- Profit (loss) carried forward +€77,214
up €77,214 (+95.8%), from €80,612 to €157,825
- Trade debts +€9,742
up €9,742 (+211%), from €4,617 to €14,359
- Current portion of long-term debt -€3,000
no longer reported in 2025 (was €3,000)
- Staff costs +€56,395
up €56,395 (+463%), from €12,173 to €68,568
- Gross operating margin +€56,089
up €56,089 (+49.5%), from €113,420 to €169,509
- Depreciation +€4,171
up €4,171 (+2,244%), from €186 to €4,357
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 | €118,239 | €201,552 | +€83,313 | +70.5% |
| Fixed assets | 21/28 | €8,261 | €22,288 | +€14,027 | +170% |
| Tangible fixed assets | 22/27 | €8,261 | €22,288 | +€14,027 | +170% |
| Plant, machinery and equipment | 23 | €8,261 | €20,282 | +€12,021 | +146% |
| Furniture and vehicles | 24 | - | €2,006 | +€2,006 | |
| Current assets | 29/58 | €109,978 | €179,264 | +€69,286 | +63.0% |
| Stocks and contracts in progress | 3 | €1,209 | €1,628 | +€419 | +34.6% |
| Stocks | 30/36 | €1,209 | €1,628 | +€419 | +34.6% |
| Amounts receivable within one year | 40/41 | €12,403 | €108,974 | +€96,571 | +779% |
| Trade receivables | 40 | €1,567 | €92,468 | +€90,901 | +5,801% |
| Other amounts receivable | 41 | €10,836 | €16,506 | +€5,669 | +52.3% |
| Cash at bank and in hand | 54/58 | €92,639 | €66,020 | -€26,619 | -28.7% |
| Deferred charges and accrued income | 490/1 | €3,726 | €2,641 | -€1,084 | -29.1% |
| Total equity and liabilities | 10/49 | €118,239 | €201,552 | +€83,313 | +70.5% |
| Equity | 10/15 | €90,612 | €167,825 | +€77,214 | +85.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,612 | €157,825 | +€77,214 | +95.8% |
| Amounts payable | 17/49 | €27,627 | €33,726 | +€6,099 | +22.1% |
| Amounts payable within one year | 42/48 | €27,627 | €33,726 | +€6,099 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | - | -€3,000 | |
| Trade debts | 44 | €4,617 | €14,359 | +€9,742 | +211% |
| Suppliers | 440/4 | €4,617 | €14,359 | +€9,742 | +211% |
| Taxes, remuneration and social security | 45 | €19,984 | €19,036 | -€948 | -4.7% |
| Taxes | 450/3 | €19,984 | €19,036 | -€948 | -4.7% |
| Other amounts payable | 47/48 | €26 | €331 | +€305 | +1,158% |
| Remuneration, social security and pensions | 62 | €12,173 | €68,568 | +€56,395 | +463% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186 | €4,357 | +€4,171 | +2,244% |
| Other operating charges | 640/8 | €380 | €161 | -€219 | -57.6% |
| Gross operating margin | 9900 | €113,420 | €169,509 | +€56,089 | +49.5% |
| Operating profit (loss) | 9901 | €100,681 | €96,422 | -€4,259 | -4.2% |
| Financial income | 75/76B | €5 | €0 | -€4 | -91.7% |
| Recurring financial income | 75 | €5 | €0 | -€4 | -91.7% |
| Financial charges | 65/66B | €90 | €173 | +€83 | +91.7% |
| Recurring financial charges | 65 | €90 | €173 | +€83 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €100,596 | €96,250 | -€4,346 | -4.3% |
| Income taxes | 67/77 | €19,984 | €19,036 | -€948 | -4.7% |
| Profit (loss) for the period | 9904 | €80,612 | €77,214 | -€3,398 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,612 | €77,214 | -€3,398 | -4.2% |
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 19 October 2026 via checked.be.