Quantaris Invest: what changed
Quantaris Invest
Largest movements
- Receivables within one year +€13,523
up €13,523 (+7.7%), from €174,698 to €188,222
of which Trade receivables: +€13,418
- Cash -€10,552
down €10,552 (-59.7%), from €17,685 to €7,133
mainly Net result for the year (-€442,127) and Tax, wage and social debts (-€23,711)
- Profit (loss) carried forward -€442,127
down €442,127 (-96.2%), from -€459,462 to -€901,589
- Trade debts +€300,707
up €300,707 (+2,186%), from €13,757 to €314,464
- Debts after one year +€163,899
up €163,899 (+28.0%), from €584,988 to €748,887
- Tax, wage and social debts -€23,711
down €23,711 (-64.5%), from €36,788 to €13,077
of which Taxes: -€12,857
- Staff costs -€158,418
down €158,418 (-60.6%), from €261,384 to €102,966
- Gross operating margin -€150,244
down €150,244 (-118%), from -€127,542 to -€277,786
- Other operating charges +€52,537
up €52,537 (+2,240%), from €2,346 to €54,883
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,006 | €209,898 | -€1,108 | -0.5% |
| Fixed assets | 21/28 | €16,844 | €13,157 | -€3,687 | -21.9% |
| Intangible fixed assets | 21 | €5,187 | €3,124 | -€2,063 | -39.8% |
| Tangible fixed assets | 22/27 | €11,657 | €10,033 | -€1,624 | -13.9% |
| Plant, machinery and equipment | 23 | €495 | €200 | -€294 | -59.5% |
| Furniture and vehicles | 24 | €1,596 | €1,300 | -€296 | -18.5% |
| Other tangible fixed assets | 26 | €9,566 | €8,533 | -€1,033 | -10.8% |
| Current assets | 29/58 | €194,162 | €196,741 | +€2,579 | +1.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €174,698 | €188,222 | +€13,523 | +7.7% |
| Trade receivables | 40 | €174,698 | €188,116 | +€13,418 | +7.7% |
| Other amounts receivable | 41 | €0 | €105 | +€105 | |
| Cash at bank and in hand | 54/58 | €17,685 | €7,133 | -€10,552 | -59.7% |
| Deferred charges and accrued income | 490/1 | €1,779 | €1,386 | -€392 | -22.0% |
| Total equity and liabilities | 10/49 | €211,006 | €209,898 | -€1,108 | -0.5% |
| Equity | 10/15 | -€424,528 | -€866,655 | -€442,127 | -104% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,735 | €28,735 | = | 0.0% |
| Distributable reserves | 133 | €28,735 | €28,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€459,462 | -€901,589 | -€442,127 | -96.2% |
| Amounts payable | 17/49 | €635,533 | €1,076,553 | +€441,019 | +69.4% |
| Amounts payable after more than one year | 17 | €584,988 | €748,887 | +€163,899 | +28.0% |
| Other amounts payable | 178/9 | €584,988 | €748,887 | +€163,899 | +28.0% |
| Amounts payable within one year | 42/48 | €50,545 | €327,666 | +€277,120 | +548% |
| Financial debts | 43 | €0 | €125 | +€125 | |
| Credit institutions | 430/8 | €0 | €125 | +€125 | |
| Trade debts | 44 | €13,757 | €314,464 | +€300,707 | +2,186% |
| Suppliers | 440/4 | €13,757 | €314,464 | +€300,707 | +2,186% |
| Taxes, remuneration and social security | 45 | €36,788 | €13,077 | -€23,711 | -64.5% |
| Taxes | 450/3 | €17,215 | €4,358 | -€12,857 | -74.7% |
| Remuneration and social security | 454/9 | €19,573 | €8,719 | -€10,855 | -55.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €261,384 | €102,966 | -€158,418 | -60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,420 | €4,487 | -€1,933 | -30.1% |
| Other operating charges | 640/8 | €2,346 | €54,883 | +€52,537 | +2,240% |
| Gross operating margin | 9900 | -€127,542 | -€277,786 | -€150,244 | -118% |
| Operating profit (loss) | 9901 | -€397,692 | -€440,122 | -€42,430 | -10.7% |
| Financial income | 75/76B | €1 | €152 | +€151 | +14,097% |
| Recurring financial income | 75 | €1 | €152 | +€151 | +14,097% |
| Financial charges | 65/66B | €1,598 | €1,771 | +€174 | +10.9% |
| Recurring financial charges | 65 | €1,598 | €1,771 | +€174 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€399,289 | -€441,741 | -€42,452 | -10.6% |
| Income taxes | 67/77 | €0 | €386 | +€386 | |
| Profit (loss) for the period | 9904 | -€399,289 | -€442,127 | -€42,838 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€399,289 | -€442,127 | -€42,838 | -10.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.