Quan Management: 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.
Quan Management
Largest movements
- Tangible fixed assets +€352,630
up €352,630 (+336%), from €104,993 to €457,623
of which Other tangible fixed assets: +€272,571
- Receivables after one year -€77,000
down €77,000 (-100%), from €77,000 to €0
- Receivables within one year +€76,962
up €76,962 (+135%), from €57,056 to €134,019
of which Trade receivables: +€82,663
- Deferred charges and accrued income +€70,299
up €70,299 (+16,097%), from €437 to €70,736
- Cash +€9,239
up €9,239 (+20.2%), from €45,759 to €54,998
mainly Accrued charges and deferred income (+€186,414) and Advances received (+€81,252)
- Accrued charges and deferred income +€186,414
up €186,414 (+6,465%), from €2,884 to €189,298
- Advances received +€81,252
up €81,252, from €0 to €81,252
- Debts after one year +€78,565
up €78,565, from €0 to €78,565
- Other debts +€61,450
up €61,450 (+11,709%), from €525 to €61,975
- Trade debts +€27,707
up €27,707 (+489%), from €5,668 to €33,376
- Gross operating margin +€32,302
up €32,302 (+24.4%), from €132,550 to €164,853
- Staff costs +€19,892
up €19,892 (+118%), from €16,882 to €36,774
- Depreciation +€13,177
up €13,177 (+44.4%), from €29,669 to €42,846
- Other operating charges +€4,782
up €4,782 (+233%), from €2,051 to €6,833
- Taxes -€3,535
down €3,535 (-13.2%), from €26,696 to €23,160
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 | €315,245 | €747,856 | +€432,611 | +137% |
| Fixed assets | 21/28 | €134,993 | €488,104 | +€353,111 | +262% |
| Tangible fixed assets | 22/27 | €104,993 | €457,623 | +€352,630 | +336% |
| Land and buildings | 22 | €53,700 | €47,801 | -€5,899 | -11.0% |
| Plant, machinery and equipment | 23 | €5,699 | €103,033 | +€97,334 | +1,708% |
| Furniture and vehicles | 24 | €31,896 | €20,520 | -€11,376 | -35.7% |
| Other tangible fixed assets | 26 | €13,698 | €286,269 | +€272,571 | +1,990% |
| Financial fixed assets | 28 | €30,000 | €30,481 | +€481 | +1.6% |
| Current assets | 29/58 | €180,252 | €259,752 | +€79,500 | +44.1% |
| Amounts receivable after more than one year | 29 | €77,000 | €0 | -€77,000 | -100% |
| Other amounts receivable | 291 | €77,000 | €0 | -€77,000 | -100% |
| Amounts receivable within one year | 40/41 | €57,056 | €134,019 | +€76,962 | +135% |
| Trade receivables | 40 | €48,400 | €131,063 | +€82,663 | +171% |
| Other amounts receivable | 41 | €8,656 | €2,956 | -€5,701 | -65.9% |
| Cash at bank and in hand | 54/58 | €45,759 | €54,998 | +€9,239 | +20.2% |
| Deferred charges and accrued income | 490/1 | €437 | €70,736 | +€70,299 | +16,097% |
| Total equity and liabilities | 10/49 | €315,245 | €747,856 | +€432,611 | +137% |
| Equity | 10/15 | €245,686 | €227,994 | -€17,692 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,334 | €297,641 | -€17,692 | -5.6% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Distributable reserves | 133 | €315,184 | €297,491 | -€17,692 | -5.6% |
| Profit (loss) carried forward | 14 | -€88,247 | -€88,247 | = | 0.0% |
| Amounts payable | 17/49 | €69,559 | €519,862 | +€450,303 | +647% |
| Amounts payable after more than one year | 17 | €0 | €78,565 | +€78,565 | |
| Financial debts | 170/4 | €0 | €78,565 | +€78,565 | |
| Amounts payable within one year | 42/48 | €66,675 | €252,000 | +€185,324 | +278% |
| Current portion of amounts payable after more than one year | 42 | €14,119 | €23,851 | +€9,732 | +68.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,668 | €33,376 | +€27,707 | +489% |
| Suppliers | 440/4 | €5,668 | €33,376 | +€27,707 | +489% |
| Advances received on contracts in progress | 46 | €0 | €81,252 | +€81,252 | |
| Taxes, remuneration and social security | 45 | €46,363 | €51,546 | +€5,183 | +11.2% |
| Taxes | 450/3 | €36,025 | €46,761 | +€10,736 | +29.8% |
| Remuneration and social security | 454/9 | €10,338 | €4,785 | -€5,552 | -53.7% |
| Other amounts payable | 47/48 | €525 | €61,975 | +€61,450 | +11,709% |
| Accrued charges and deferred income | 492/3 | €2,884 | €189,298 | +€186,414 | +6,465% |
| Remuneration, social security and pensions | 62 | €16,882 | €36,774 | +€19,892 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,669 | €42,846 | +€13,177 | +44.4% |
| Other operating charges | 640/8 | €2,051 | €6,833 | +€4,782 | +233% |
| Gross operating margin | 9900 | €132,550 | €164,853 | +€32,302 | +24.4% |
| Operating profit (loss) | 9901 | €83,949 | €78,400 | -€5,548 | -6.6% |
| Financial income | 75/76B | €2,434 | €9 | -€2,425 | -99.6% |
| Recurring financial income | 75 | €2,434 | €9 | -€2,425 | -99.6% |
| Financial charges | 65/66B | €8,908 | €8,305 | -€603 | -6.8% |
| Recurring financial charges | 65 | €8,908 | €8,305 | -€603 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €77,475 | €70,104 | -€7,371 | -9.5% |
| Income taxes | 67/77 | €26,696 | €23,160 | -€3,535 | -13.2% |
| Profit (loss) for the period | 9904 | €50,780 | €46,944 | -€3,836 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,780 | €46,944 | -€3,836 | -7.6% |
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 20 October 2026 via checked.be.