QUANTUM INVEST: 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.
QUANTUM INVEST
Largest movements
- Receivables after one year -€759,800
down €759,800 (-33.3%), from €2.3m to €1.5m
- Cash +€162,631
up €162,631 (+2,435%), from €6,680 to €169,311
mainly Net result for the year (+€4.6m) and Receivables after one year (+€759,800)
- Current investments -€110,000
down €110,000 (-6.4%), from €1.7m to €1.6m
- Receivables within one year +€76,108
up €76,108 (+343%), from €22,163 to €98,270
of which Trade receivables: +€75,000
- Debts after one year -€851,538
down €851,538 (-33.6%), from €2.5m to €1.7m
- Reserves +€215,000
up €215,000 (+10.5%), from €2.0m to €2.3m
of which Distributable reserves: +€215,000
- Financial income -€147,244
down €147,244 (-3.0%), from €4.8m to €4.7m
- Financial charges -€22,509
down €22,509 (-28.1%), from €80,169 to €57,660
- Gross operating margin -€16,990
down €16,990 (-47.4%), from €35,826 to €18,836
- Other operating charges -€6,675
down €6,675 (-41.2%), from €16,201 to €9,526
- Taxes -€3,690
down €3,690 (-92.5%), from €3,987 to €297
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.
Derived cash bridge
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 | €4,649,394 | €3,989,357 | -€660,036 | -14.2% |
| Fixed assets | 21/28 | €593,922 | €574,746 | -€19,176 | -3.2% |
| Tangible fixed assets | 22/27 | €593,921 | €574,745 | -€19,176 | -3.2% |
| Land and buildings | 22 | €591,348 | €573,159 | -€18,189 | -3.1% |
| Furniture and vehicles | 24 | €2,573 | €1,586 | -€986 | -38.3% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €4,055,472 | €3,414,611 | -€640,861 | -15.8% |
| Amounts receivable after more than one year | 29 | €2,280,660 | €1,520,860 | -€759,800 | -33.3% |
| Other amounts receivable | 291 | €2,280,660 | €1,520,860 | -€759,800 | -33.3% |
| Amounts receivable within one year | 40/41 | €22,163 | €98,270 | +€76,108 | +343% |
| Trade receivables | 40 | - | €75,000 | +€75,000 | |
| Other amounts receivable | 41 | €22,163 | €23,270 | +€1,108 | +5.0% |
| Current investments | 50/53 | €1,715,310 | €1,605,310 | -€110,000 | -6.4% |
| Cash at bank and in hand | 54/58 | €6,680 | €169,311 | +€162,631 | +2,435% |
| Deferred charges and accrued income | 490/1 | €30,660 | €20,860 | -€9,800 | -32.0% |
| Total equity and liabilities | 10/49 | €4,649,394 | €3,989,357 | -€660,036 | -14.2% |
| Equity | 10/15 | €2,060,577 | €2,277,556 | +€216,979 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,041,170 | €2,256,170 | +€215,000 | +10.5% |
| Non-distributable reserves | 130/1 | €1,517,170 | €1,517,170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €1,515,310 | €1,515,310 | = | 0.0% |
| Distributable reserves | 133 | €524,000 | €739,000 | +€215,000 | +41.0% |
| Profit (loss) carried forward | 14 | €807 | €2,786 | +€1,979 | +245% |
| Amounts payable | 17/49 | €2,588,817 | €1,711,802 | -€877,015 | -33.9% |
| Amounts payable after more than one year | 17 | €2,533,114 | €1,681,577 | -€851,538 | -33.6% |
| Financial debts | 170/4 | €2,533,114 | €1,681,577 | -€851,538 | -33.6% |
| Amounts payable within one year | 42/48 | €34,167 | €15,573 | -€18,594 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €17,008 | €13,447 | -€3,561 | -20.9% |
| Trade debts | 44 | €7,805 | €36 | -€7,769 | -99.5% |
| Suppliers | 440/4 | €7,805 | €36 | -€7,769 | -99.5% |
| Taxes, remuneration and social security | 45 | €4,355 | €1,479 | -€2,876 | -66.0% |
| Taxes | 450/3 | €4,355 | €1,479 | -€2,876 | -66.0% |
| Other amounts payable | 47/48 | €5,000 | €611 | -€4,389 | -87.8% |
| Accrued charges and deferred income | 492/3 | €21,535 | €14,652 | -€6,883 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,176 | €19,176 | = | 0.0% |
| Other operating charges | 640/8 | €16,201 | €9,526 | -€6,675 | -41.2% |
| Gross operating margin | 9900 | €35,826 | €18,836 | -€16,990 | -47.4% |
| Operating profit (loss) | 9901 | €450 | -€9,865 | -€10,315 | |
| Financial income | 75/76B | €4,832,045 | €4,684,801 | -€147,244 | -3.0% |
| Recurring financial income | 75 | €4,832,045 | €4,684,801 | -€147,244 | -3.0% |
| Financial charges | 65/66B | €80,169 | €57,660 | -€22,509 | -28.1% |
| Recurring financial charges | 65 | €80,169 | €57,660 | -€22,509 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €4,752,326 | €4,617,276 | -€135,050 | -2.8% |
| Income taxes | 67/77 | €3,987 | €297 | -€3,690 | -92.5% |
| Profit (loss) for the period | 9904 | €4,748,339 | €4,616,979 | -€131,360 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,748,339 | €4,616,979 | -€131,360 | -2.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.