QUANOR: 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.
QUANOR
Largest movements
- Tangible fixed assets +€119,039
up €119,039 (+72.4%), from €164,312 to €283,351
of which Land and buildings: +€92,742
- Current investments -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Cash -€27,172
down €27,172 (-24.2%), from €112,423 to €85,251
mainly Investment in fixed assets (net) (-€136,032) and Contributions, distributions and other (-€42,608)
- Receivables within one year +€5,354
up €5,354 (+533.8%), from €1,003 to €6,357
of which Other amounts receivable: +€5,352
- Other debts -€12,968
down €12,968 (-23.3%), from €55,575 to €42,608
- Trade debts +€8,678
up €8,678 (+66750.8%), from €13 to €8,691
- Gross operating margin -€10,174
down €10,174 (-13.4%), from €76,057 to €65,883
- Purchases and services +€9,148
up €9,148 (+154.3%), from €5,928 to €15,076
- Depreciation +€7,133
up €7,133 (+72.3%), from €9,860 to €16,993
- Taxes -€7,018
down €7,018 (-39.7%), from €17,679 to €10,661
- Financial income -€1,326
down €1,326 (-16.5%), from €8,044 to €6,718
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 | €527,738 | €524,959 | -€2,779 | -0.5% |
| Fixed assets | 21/28 | €164,312 | €283,351 | +€119,039 | +72.4% |
| Tangible fixed assets | 22/27 | €164,312 | €283,351 | +€119,039 | +72.4% |
| Land and buildings | 22 | €119,530 | €212,272 | +€92,742 | +77.6% |
| Plant, machinery and equipment | 23 | €44,782 | €71,079 | +€26,297 | +58.7% |
| Current assets | 29/58 | €363,426 | €241,608 | -€121,818 | -33.5% |
| Amounts receivable within one year | 40/41 | €1,003 | €6,357 | +€5,354 | +533.8% |
| Trade receivables | 40 | - | €3 | +€3 | |
| Other amounts receivable | 41 | €1,003 | €6,355 | +€5,352 | +533.6% |
| Current investments | 50/53 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €112,423 | €85,251 | -€27,172 | -24.2% |
| Total equity and liabilities | 10/49 | €527,738 | €524,959 | -€2,779 | -0.5% |
| Equity | 10/15 | €471,867 | €473,661 | +€1,794 | +0.4% |
| Contributions | 10/11 | €370,500 | €370,500 | = | 0.0% |
| Capital | 10 | €370,500 | €370,500 | = | 0.0% |
| Issued capital | 100 | €370,500 | €370,500 | = | 0.0% |
| Reserves | 13 | €101,367 | €103,161 | +€1,794 | +1.8% |
| Non-distributable reserves | 130/1 | €37,050 | €37,050 | = | 0.0% |
| Legal reserve | 130 | €37,050 | €37,050 | = | 0.0% |
| Distributable reserves | 133 | €64,317 | €66,111 | +€1,794 | +2.8% |
| Amounts payable | 17/49 | €55,871 | €51,298 | -€4,573 | -8.2% |
| Amounts payable within one year | 42/48 | €55,871 | €51,298 | -€4,573 | -8.2% |
| Trade debts | 44 | €13 | €8,691 | +€8,678 | +66750.8% |
| Suppliers | 440/4 | €13 | €8,691 | +€8,678 | +66750.8% |
| Taxes, remuneration and social security | 45 | €283 | - | -€283 | |
| Taxes | 450/3 | €283 | - | -€283 | |
| Other amounts payable | 47/48 | €55,575 | €42,608 | -€12,968 | -23.3% |
| Turnover | 70 | €81,985 | €80,959 | -€1,026 | -1.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,928 | €15,076 | +€9,148 | +154.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,860 | €16,993 | +€7,133 | +72.3% |
| Other operating charges | 640/8 | €606 | €513 | -€93 | -15.3% |
| Gross operating margin | 9900 | €76,057 | €65,883 | -€10,174 | -13.4% |
| Operating profit (loss) | 9901 | €65,591 | €48,377 | -€17,214 | -26.2% |
| Financial income | 75/76B | €8,044 | €6,718 | -€1,326 | -16.5% |
| Recurring financial income | 75 | €8,044 | €6,718 | -€1,326 | -16.5% |
| Financial charges | 65/66B | €30 | €33 | +€3 | +10.3% |
| Recurring financial charges | 65 | €30 | €33 | +€3 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €73,605 | €55,062 | -€18,543 | -25.2% |
| Income taxes | 67/77 | €17,679 | €10,661 | -€7,018 | -39.7% |
| Profit (loss) for the period | 9904 | €55,926 | €44,401 | -€11,525 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,926 | €44,401 | -€11,525 | -20.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.