QUANTUM ADVISORY: 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.
QUANTUM ADVISORY
Largest movements
- Receivables within one year +€324,992
up €324,992 (+170.2%), from €190,951 to €515,943
of which Trade receivables: +€344,237
- Financial fixed assets -€48,267
down €48,267 (-36.7%), from €131,447 to €83,181
- Stocks and contracts -€31,716
down €31,716 (-79.2%), from €40,028 to €8,312
- Cash +€14,240
up €14,240 (+512.0%), from €2,781 to €17,021
mainly Trade debts (+€203,536) and Investment in fixed assets (net) (+€54,639)
- Trade debts +€203,536
up €203,536 (+288.0%), from €70,679 to €274,215
- Profit (loss) carried forward +€35,867
up €35,867 (+40.2%), from -€89,273 to -€53,407
- Other debts -€28,728
down €28,728 (-10.8%), from €265,456 to €236,727
- Tax, wage and social debts +€21,649
up €21,649 (+16.1%), from €134,641 to €156,290
of which Remuneration and social security: +€29,597
- Debts after one year +€17,539
new in 2024: €17,539
- Taxes -€35,855
down €35,855 (-70.7%), from €50,702 to €14,847
- Staff costs -€20,680
down €20,680 (-36.2%), from €57,132 to €36,452
- Other operating charges -€6,120
down €6,120 (-26.0%), from €23,574 to €17,454
- Gross operating margin -€3,645
down €3,645 (-3.1%), from €117,568 to €113,923
- Depreciation -€3,380
down €3,380 (-100.0%), from €3,380 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,618 | €649,457 | +€252,839 | +63.7% |
| Fixed assets | 21/28 | €158,068 | €103,429 | -€54,639 | -34.6% |
| Intangible fixed assets | 21 | €13,310 | €7,986 | -€5,324 | -40.0% |
| Tangible fixed assets | 22/27 | €13,311 | €12,262 | -€1,048 | -7.9% |
| Plant, machinery and equipment | 23 | €3,496 | €4,438 | +€941 | +26.9% |
| Furniture and vehicles | 24 | €9,814 | €7,825 | -€1,989 | -20.3% |
| Financial fixed assets | 28 | €131,447 | €83,181 | -€48,267 | -36.7% |
| Current assets | 29/58 | €238,550 | €546,028 | +€307,478 | +128.9% |
| Stocks and contracts in progress | 3 | €40,028 | €8,312 | -€31,716 | -79.2% |
| Stocks | 30/36 | €40,028 | €8,312 | -€31,716 | -79.2% |
| Amounts receivable within one year | 40/41 | €190,951 | €515,943 | +€324,992 | +170.2% |
| Trade receivables | 40 | €135,677 | €479,914 | +€344,237 | +253.7% |
| Other amounts receivable | 41 | €55,274 | €36,029 | -€19,246 | -34.8% |
| Cash at bank and in hand | 54/58 | €2,781 | €17,021 | +€14,240 | +512.0% |
| Deferred charges and accrued income | 490/1 | €4,790 | €4,752 | -€37 | -0.8% |
| Total equity and liabilities | 10/49 | €396,618 | €649,457 | +€252,839 | +63.7% |
| Equity | 10/15 | -€75,013 | -€39,147 | +€35,867 | +47.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,273 | -€53,407 | +€35,867 | +40.2% |
| Provisions and deferred taxes | 16 | - | €1,982 | +€1,982 | |
| Provisions for liabilities and charges | 160/5 | - | €1,982 | +€1,982 | |
| Pensions and similar obligations | 160 | - | €1,982 | +€1,982 | |
| Amounts payable | 17/49 | €471,631 | €686,621 | +€214,990 | +45.6% |
| Amounts payable after more than one year | 17 | - | €17,539 | +€17,539 | |
| Financial debts | 170/4 | - | €17,539 | +€17,539 | |
| Amounts payable within one year | 42/48 | €470,776 | €667,232 | +€196,456 | +41.7% |
| Trade debts | 44 | €70,679 | €274,215 | +€203,536 | +288.0% |
| Suppliers | 440/4 | €70,679 | €274,215 | +€203,536 | +288.0% |
| Taxes, remuneration and social security | 45 | €134,641 | €156,290 | +€21,649 | +16.1% |
| Taxes | 450/3 | €91,866 | €83,918 | -€7,948 | -8.7% |
| Remuneration and social security | 454/9 | €42,776 | €72,372 | +€29,597 | +69.2% |
| Other amounts payable | 47/48 | €265,456 | €236,727 | -€28,728 | -10.8% |
| Accrued charges and deferred income | 492/3 | €854 | €1,850 | +€996 | +116.5% |
| Remuneration, social security and pensions | 62 | €57,132 | €36,452 | -€20,680 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,380 | €0 | -€3,380 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,324 | €8,460 | +€3,136 | +58.9% |
| Other operating charges | 640/8 | €23,574 | €17,454 | -€6,120 | -26.0% |
| Non-recurring operating charges | 66A | - | €781 | +€781 | |
| Gross operating margin | 9900 | €117,568 | €113,923 | -€3,645 | -3.1% |
| Operating profit (loss) | 9901 | €28,159 | €50,777 | +€22,618 | +80.3% |
| Financial charges | 65/66B | €123 | €64 | -€59 | -48.0% |
| Recurring financial charges | 65 | €123 | €64 | -€59 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €28,037 | €50,714 | +€22,677 | +80.9% |
| Income taxes | 67/77 | €50,702 | €14,847 | -€35,855 | -70.7% |
| Profit (loss) for the period | 9904 | -€22,665 | €35,867 | +€58,532 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,665 | €35,867 | +€58,532 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.