Quandyga Engineering: what changed
Two fiscal 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.
Quandyga Engineering
Largest movements
- Intangible fixed assets +€134,219
up €134,219 (+102.8%), from €130,583 to €264,803
- Receivables within one year +€117,260
up €117,260 (+51.2%), from €229,131 to €346,392
of which Other amounts receivable: +€170,060
- Cash -€6,823
down €6,823 (-25.4%), from €26,814 to €19,990
mainly Investment in fixed assets (net) (-€210,802) and Receivables within one year (-€117,260)
- Investment grants +€101,692
up €101,692 (+92.3%), from €110,150 to €211,842
- Other debts +€90,305
up €90,305 (+57.6%), from €156,805 to €247,110
- Reserves +€52,100
up €52,100 (+71.5%), from €72,900 to €125,000
- Financial income +€45,095
up €45,095 (+206.3%), from €21,854 to €66,949
- Depreciation +€42,160
up €42,160 (+122.5%), from €34,422 to €76,582
- Gross operating margin -€14,677
down €14,677 (-5.8%), from €254,744 to €240,067
- Taxes -€5,770
down €5,770 (-94.6%), from €6,100 to €330
- Staff costs +€5,055
up €5,055 (+3.0%), from €171,331 to €176,385
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.
Cash bridge derived
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 | €390,368 | €635,197 | +€244,830 | +62.7% |
| Fixed assets | 21/28 | €132,458 | €266,678 | +€134,219 | +101.3% |
| Intangible fixed assets | 21 | €130,583 | €264,803 | +€134,219 | +102.8% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €257,909 | €368,519 | +€110,610 | +42.9% |
| Amounts receivable within one year | 40/41 | €229,131 | €346,392 | +€117,260 | +51.2% |
| Trade receivables | 40 | €73,450 | €20,650 | -€52,800 | -71.9% |
| Other amounts receivable | 41 | €155,681 | €325,742 | +€170,060 | +109.2% |
| Cash at bank and in hand | 54/58 | €26,814 | €19,990 | -€6,823 | -25.4% |
| Deferred charges and accrued income | 490/1 | €1,964 | €2,137 | +€173 | +8.8% |
| Total equity and liabilities | 10/49 | €390,368 | €635,197 | +€244,830 | +62.7% |
| Equity | 10/15 | €203,612 | €358,303 | +€154,691 | +76.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €72,900 | €125,000 | +€52,100 | +71.5% |
| Distributable reserves | 133 | €72,900 | €125,000 | +€52,100 | +71.5% |
| Profit (loss) carried forward | 14 | €102 | €1,001 | +€899 | +877.0% |
| Investment grants | 15 | €110,150 | €211,842 | +€101,692 | +92.3% |
| Amounts payable | 17/49 | €186,755 | €276,894 | +€90,139 | +48.3% |
| Amounts payable within one year | 42/48 | €186,755 | €276,894 | +€90,139 | +48.3% |
| Trade debts | 44 | €5,806 | €5,420 | -€387 | -6.7% |
| Suppliers | 440/4 | €5,806 | €5,420 | -€387 | -6.7% |
| Taxes, remuneration and social security | 45 | €24,144 | €24,364 | +€221 | +0.9% |
| Taxes | 450/3 | - | €330 | +€330 | |
| Remuneration and social security | 454/9 | €24,144 | €24,034 | -€109 | -0.5% |
| Other amounts payable | 47/48 | €156,805 | €247,110 | +€90,305 | +57.6% |
| Remuneration, social security and pensions | 62 | €171,331 | €176,385 | +€5,055 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,422 | €76,582 | +€42,160 | +122.5% |
| Other operating charges | 640/8 | €532 | €549 | +€17 | +3.2% |
| Gross operating margin | 9900 | €254,744 | €240,067 | -€14,677 | -5.8% |
| Operating profit (loss) | 9901 | €48,459 | -€13,450 | -€61,909 | |
| Financial income | 75/76B | €21,854 | €66,949 | +€45,095 | +206.3% |
| Recurring financial income | 75 | €21,854 | €66,949 | +€45,095 | +206.3% |
| Financial charges | 65/66B | €179 | €170 | -€8 | -4.6% |
| Recurring financial charges | 65 | €179 | €170 | -€8 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €70,135 | €53,329 | -€16,806 | -24.0% |
| Income taxes | 67/77 | €6,100 | €330 | -€5,770 | -94.6% |
| Profit (loss) for the period | 9904 | €64,035 | €52,999 | -€11,036 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,035 | €52,999 | -€11,036 | -17.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.