QUANTESSENCE FINANCIAL: 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.
QUANTESSENCE FINANCIAL
Largest movements
- Intangible fixed assets +€4.6m
new in 2022: €4.6m
- Cash +€1.0m
up €1.0m (+1,792%), from €58,343 to €1.1m
mainly Contributions, distributions and other (+€6.6m) and Trade debts (+€315,062)
- Receivables within one year +€654,587
up €654,587 (+20,339%), from €3,218 to €657,806
of which Other amounts receivable: +€574,150
- Deferred charges and accrued income +€86,227
up €86,227 (+3,381%), from €2,550 to €88,777
- Contributions +€6.6m
up €6.6m (+8,738%), from €75,000 to €6.6m
- Profit (loss) carried forward -€679,655
down €679,655 (-1,454%), from -€46,738 to -€726,393
- Trade debts +€315,062
up €315,062 (+1,491%), from €21,135 to €336,197
- Tax, wage and social debts +€231,581
up €231,581 (+3,153%), from €7,346 to €238,927
of which Remuneration and social security: +€225,964
- Staff costs +€412,415
up €412,415 (+3,127%), from €13,190 to €425,605
- Gross operating margin -€170,723
down €170,723 (-510%), from -€33,497 to -€204,220
- Financial charges +€55,786
up €55,786 (+159,388%), from €35 to €55,821
- Financial income +€46,386
new in 2022: €46,386
- Depreciation +€37,996
up €37,996 (+229,999%), from €17 to €38,012
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,186 | €6,530,766 | +€6.5m | +9,205% |
| Fixed assets | 21/28 | €6,074 | €4,680,406 | +€4.7m | +76,951% |
| Intangible fixed assets | 21 | - | €4,648,018 | +€4.6m | |
| Tangible fixed assets | 22/27 | €974 | €13,587 | +€12,613 | +1,294% |
| Plant, machinery and equipment | 23 | €974 | €13,587 | +€12,613 | +1,294% |
| Financial fixed assets | 28 | €5,100 | €18,801 | +€13,701 | +269% |
| Current assets | 29/58 | €64,111 | €1,850,359 | +€1.8m | +2,786% |
| Amounts receivable within one year | 40/41 | €3,218 | €657,806 | +€654,587 | +20,339% |
| Trade receivables | 40 | - | €80,438 | +€80,438 | |
| Other amounts receivable | 41 | €3,218 | €577,368 | +€574,150 | +17,840% |
| Cash at bank and in hand | 54/58 | €58,343 | €1,103,777 | +€1.0m | +1,792% |
| Deferred charges and accrued income | 490/1 | €2,550 | €88,777 | +€86,227 | +3,381% |
| Total equity and liabilities | 10/49 | €70,186 | €6,530,766 | +€6.5m | +9,205% |
| Equity | 10/15 | €28,262 | €5,902,292 | +€5.9m | +20,784% |
| Contributions | 10/11 | €75,000 | €6,628,685 | +€6.6m | +8,738% |
| Capital | 10 | €75,000 | €6,628,685 | +€6.6m | +8,738% |
| Issued capital | 100 | €75,000 | €6,628,685 | +€6.6m | +8,738% |
| Profit (loss) carried forward | 14 | -€46,738 | -€726,393 | -€679,655 | -1,454% |
| Amounts payable | 17/49 | €41,924 | €628,474 | +€586,550 | +1,399% |
| Amounts payable within one year | 42/48 | €41,924 | €620,329 | +€578,405 | +1,380% |
| Trade debts | 44 | €21,135 | €336,197 | +€315,062 | +1,491% |
| Suppliers | 440/4 | €21,135 | €336,197 | +€315,062 | +1,491% |
| Taxes, remuneration and social security | 45 | €7,346 | €238,927 | +€231,581 | +3,153% |
| Taxes | 450/3 | €2,596 | €8,213 | +€5,617 | +216% |
| Remuneration and social security | 454/9 | €4,750 | €230,714 | +€225,964 | +4,758% |
| Other amounts payable | 47/48 | €13,443 | €45,205 | +€31,761 | +236% |
| Accrued charges and deferred income | 492/3 | - | €8,145 | +€8,145 | |
| Remuneration, social security and pensions | 62 | €13,190 | €425,605 | +€412,415 | +3,127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17 | €38,012 | +€37,996 | +229,999% |
| Gross operating margin | 9900 | -€33,497 | -€204,220 | -€170,723 | -510% |
| Operating profit (loss) | 9901 | -€46,703 | -€667,838 | -€621,134 | -1,330% |
| Financial income | 75/76B | - | €46,386 | +€46,386 | |
| Recurring financial income | 75 | - | €46,386 | +€46,386 | |
| Financial charges | 65/66B | €35 | €55,821 | +€55,786 | +159,388% |
| Recurring financial charges | 65 | €35 | €55,821 | +€55,786 | +159,388% |
| Profit (loss) for the period before taxes | 9903 | -€46,738 | -€677,272 | -€630,534 | -1,349% |
| Income taxes | 67/77 | - | €2,383 | +€2,383 | |
| Profit (loss) for the period | 9904 | -€46,738 | -€679,655 | -€632,917 | -1,354% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,738 | -€679,655 | -€632,917 | -1,354% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.