Quanina: 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.
Quanina
Largest movements
- Cash -€28,319
down €28,319 (-44.1%), from €64,237 to €35,918
mainly Contributions, distributions and other (-€362,449) and Debts after one year (-€13,548)
- Profit (loss) carried forward -€251,191
no longer reported in 2025 (was €251,191)
- Other debts +€243,267
up €243,267 (+297%), from €81,831 to €325,098
- Debts after one year -€13,548
no longer reported in 2025 (was €13,548)
- Gross operating margin +€9,776
up €9,776 (+5.4%), from €182,259 to €192,035
- Taxes +€3,056
up €3,056 (+10.3%), from €29,568 to €32,624
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 | €400,321 | €373,534 | -€26,786 | -6.7% |
| Fixed assets | 21/28 | €310,544 | €312,058 | +€1,514 | +0.5% |
| Tangible fixed assets | 22/27 | €544 | €2,058 | +€1,514 | +278% |
| Plant, machinery and equipment | 23 | €544 | €76 | -€468 | -86.1% |
| Other tangible fixed assets | 26 | - | €1,982 | +€1,982 | |
| Financial fixed assets | 28 | €310,000 | €310,000 | = | 0.0% |
| Current assets | 29/58 | €89,777 | €61,477 | -€28,300 | -31.5% |
| Amounts receivable within one year | 40/41 | €21,369 | €22,128 | +€760 | +3.6% |
| Trade receivables | 40 | €14,500 | €15,242 | +€742 | +5.1% |
| Other amounts receivable | 41 | €6,869 | €6,886 | +€17 | +0.3% |
| Cash at bank and in hand | 54/58 | €64,237 | €35,918 | -€28,319 | -44.1% |
| Deferred charges and accrued income | 490/1 | €4,171 | €3,431 | -€740 | -17.7% |
| Total equity and liabilities | 10/49 | €400,321 | €373,534 | -€26,786 | -6.7% |
| Equity | 10/15 | €271,191 | €20,000 | -€251,191 | -92.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,191 | - | -€251,191 | |
| Amounts payable | 17/49 | €129,130 | €353,534 | +€224,404 | +174% |
| Amounts payable after more than one year | 17 | €13,548 | - | -€13,548 | |
| Financial debts | 170/4 | €13,548 | - | -€13,548 | |
| Amounts payable within one year | 42/48 | €115,582 | €353,501 | +€237,919 | +206% |
| Current portion of amounts payable after more than one year | 42 | €17,320 | €13,533 | -€3,787 | -21.9% |
| Trade debts | 44 | €2,326 | €210 | -€2,116 | -91.0% |
| Suppliers | 440/4 | €2,326 | €210 | -€2,116 | -91.0% |
| Taxes, remuneration and social security | 45 | €14,105 | €14,660 | +€555 | +3.9% |
| Taxes | 450/3 | €2,194 | €2,243 | +€48 | +2.2% |
| Remuneration and social security | 454/9 | €11,911 | €12,417 | +€506 | +4.3% |
| Other amounts payable | 47/48 | €81,831 | €325,098 | +€243,267 | +297% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Remuneration, social security and pensions | 62 | €44,531 | €43,229 | -€1,302 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | €894 | +€426 | +91.1% |
| Other operating charges | 640/8 | €898 | €927 | +€29 | +3.3% |
| Gross operating margin | 9900 | €182,259 | €192,035 | +€9,776 | +5.4% |
| Operating profit (loss) | 9901 | €136,361 | €146,984 | +€10,623 | +7.8% |
| Financial income | 75/76B | €198 | €157 | -€42 | -21.0% |
| Recurring financial income | 75 | €198 | €157 | -€42 | -21.0% |
| Financial charges | 65/66B | €4,585 | €3,259 | -€1,326 | -28.9% |
| Recurring financial charges | 65 | €4,585 | €3,259 | -€1,326 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €131,975 | €143,882 | +€11,907 | +9.0% |
| Income taxes | 67/77 | €29,568 | €32,624 | +€3,056 | +10.3% |
| Profit (loss) for the period | 9904 | €102,407 | €111,258 | +€8,851 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,407 | €111,258 | +€8,851 | +8.6% |
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 29 October 2026 via checked.be.