Quantm: 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.
Quantm
Largest movements
- Cash +€65,934
up €65,934 (+65.4%), from €100,805 to €166,740
mainly Net result for the year (+€59,514) and Tax, wage and social debts (+€19,038)
- Tangible fixed assets +€8,540
up €8,540 (+55.4%), from €15,414 to €23,953
of which Furniture and vehicles: +€9,897
- Receivables within one year +€5,098
up €5,098 (+36.1%), from €14,115 to €19,212
of which Trade receivables: +€5,102
- Reserves +€59,514
up €59,514 (+59.4%), from €100,160 to €159,674
- Tax, wage and social debts +€19,038
up €19,038 (+76.3%), from €24,948 to €43,986
of which Taxes: +€19,038
- Trade debts +€3,207
up €3,207 (+251.6%), from €1,275 to €4,482
- Gross operating margin -€12,665
down €12,665 (-13.0%), from €97,367 to €84,702
- Depreciation +€3,506
up €3,506 (+136.3%), from €2,572 to €6,077
- Taxes -€1,991
down €1,991 (-10.4%), from €19,107 to €17,116
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 | €140,036 | €218,798 | +€78,762 | +56.2% |
| Fixed assets | 21/28 | €15,414 | €23,953 | +€8,540 | +55.4% |
| Tangible fixed assets | 22/27 | €15,414 | €23,953 | +€8,540 | +55.4% |
| Plant, machinery and equipment | 23 | €3,148 | €1,791 | -€1,357 | -43.1% |
| Furniture and vehicles | 24 | €12,265 | €22,163 | +€9,897 | +80.7% |
| Current assets | 29/58 | €124,623 | €194,845 | +€70,222 | +56.3% |
| Amounts receivable within one year | 40/41 | €14,115 | €19,212 | +€5,098 | +36.1% |
| Trade receivables | 40 | €14,110 | €19,212 | +€5,102 | +36.2% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Current investments | 50/53 | €7,000 | €7,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €100,805 | €166,740 | +€65,934 | +65.4% |
| Deferred charges and accrued income | 490/1 | €2,703 | €1,893 | -€810 | -30.0% |
| Total equity and liabilities | 10/49 | €140,036 | €218,798 | +€78,762 | +56.2% |
| Equity | 10/15 | €102,660 | €162,174 | +€59,514 | +58.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €100,160 | €159,674 | +€59,514 | +59.4% |
| Distributable reserves | 133 | €100,160 | €159,674 | +€59,514 | +59.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,377 | €56,625 | +€19,248 | +51.5% |
| Amounts payable within one year | 42/48 | €36,499 | €56,335 | +€19,836 | +54.3% |
| Financial debts | 43 | €779 | €389 | -€391 | -50.1% |
| Credit institutions | 430/8 | €779 | €389 | -€391 | -50.1% |
| Trade debts | 44 | €1,275 | €4,482 | +€3,207 | +251.6% |
| Suppliers | 440/4 | €1,275 | €4,482 | +€3,207 | +251.6% |
| Taxes, remuneration and social security | 45 | €24,948 | €43,986 | +€19,038 | +76.3% |
| Taxes | 450/3 | €24,948 | €43,986 | +€19,038 | +76.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,497 | €7,479 | -€2,018 | -21.3% |
| Accrued charges and deferred income | 492/3 | €877 | €289 | -€588 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,572 | €6,077 | +€3,506 | +136.3% |
| Other operating charges | 640/8 | €919 | €120 | -€799 | -86.9% |
| Gross operating margin | 9900 | €97,367 | €84,702 | -€12,665 | -13.0% |
| Operating profit (loss) | 9901 | €93,877 | €78,505 | -€15,372 | -16.4% |
| Financial income | 75/76B | €289 | €14 | -€275 | -95.0% |
| Recurring financial income | 75 | €289 | €14 | -€275 | -95.0% |
| Financial charges | 65/66B | €1,802 | €1,889 | +€87 | +4.8% |
| Recurring financial charges | 65 | €1,802 | €1,889 | +€87 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €92,363 | €76,630 | -€15,734 | -17.0% |
| Income taxes | 67/77 | €19,107 | €17,116 | -€1,991 | -10.4% |
| Profit (loss) for the period | 9904 | €73,256 | €59,514 | -€13,742 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,256 | €59,514 | -€13,742 | -18.8% |
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 3 October 2026 via checked.be.