QUANTUM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Stocks and contracts -€18,968
down €18,968 (-94.4%), from €20,100 to €1,132
- Receivables within one year +€17,716
up €17,716 (+325.7%), from €5,440 to €23,156
of which Trade receivables: +€13,830
- Tangible fixed assets -€12,230
down €12,230 (-6.2%), from €197,496 to €185,266
of which Land and buildings: -€7,675
- Cash -€6,825
down €6,825 (-84.8%), from €8,052 to €1,227
mainly Debts after one year (-€60,410) and Net result for the year (-€18,064)
- Deferred charges and accrued income +€5,773
up €5,773 (+208.1%), from €2,773 to €8,546
- Current portion of long-term debt +€70,523
up €70,523 (+76.3%), from €92,477 to €163,000
- Debts after one year -€60,410
no longer reported in 2025 (was €60,410)
- Profit (loss) carried forward -€18,064
down €18,064, from €4,970 to -€13,095
- Trade debts -€7,081
down €7,081 (-46.8%), from €15,143 to €8,061
- Gross operating margin -€33,999
down €33,999, from €33,194 to -€805
- Depreciation -€4,873
down €4,873 (-29.0%), from €16,784 to €11,911
- Taxes -€4,490
down €4,490 (-90.0%), from €4,990 to €500
- Financial charges -€3,820
down €3,820 (-52.8%), from €7,230 to €3,409
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 | €233,861 | €219,328 | -€14,533 | -6.2% |
| Fixed assets | 21/28 | €197,496 | €185,266 | -€12,230 | -6.2% |
| Tangible fixed assets | 22/27 | €197,496 | €185,266 | -€12,230 | -6.2% |
| Land and buildings | 22 | €191,336 | €183,661 | -€7,675 | -4.0% |
| Furniture and vehicles | 24 | €6,160 | €1,604 | -€4,555 | -74.0% |
| Current assets | 29/58 | €36,365 | €34,062 | -€2,303 | -6.3% |
| Stocks and contracts in progress | 3 | €20,100 | €1,132 | -€18,968 | -94.4% |
| Stocks | 30/36 | €20,100 | €1,132 | -€18,968 | -94.4% |
| Amounts receivable within one year | 40/41 | €5,440 | €23,156 | +€17,716 | +325.7% |
| Trade receivables | 40 | €3,125 | €16,955 | +€13,830 | +442.6% |
| Other amounts receivable | 41 | €2,316 | €6,202 | +€3,886 | +167.8% |
| Cash at bank and in hand | 54/58 | €8,052 | €1,227 | -€6,825 | -84.8% |
| Deferred charges and accrued income | 490/1 | €2,773 | €8,546 | +€5,773 | +208.1% |
| Total equity and liabilities | 10/49 | €233,861 | €219,328 | -€14,533 | -6.2% |
| Equity | 10/15 | €60,326 | €42,262 | -€18,064 | -29.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €54,357 | €54,357 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €54,257 | €54,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,970 | -€13,095 | -€18,064 | |
| Amounts payable | 17/49 | €173,535 | €177,066 | +€3,531 | +2.0% |
| Amounts payable after more than one year | 17 | €60,410 | - | -€60,410 | |
| Financial debts | 170/4 | €60,410 | - | -€60,410 | |
| Amounts payable within one year | 42/48 | €113,125 | €177,066 | +€63,941 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €92,477 | €163,000 | +€70,523 | +76.3% |
| Trade debts | 44 | €15,143 | €8,061 | -€7,081 | -46.8% |
| Suppliers | 440/4 | €15,143 | €8,061 | -€7,081 | -46.8% |
| Taxes, remuneration and social security | 45 | €5,505 | €6,005 | +€500 | +9.1% |
| Taxes | 450/3 | €5,505 | €6,005 | +€500 | +9.1% |
| Non-recurring operating income | 76A | - | €382 | +€382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,784 | €11,911 | -€4,873 | -29.0% |
| Other operating charges | 640/8 | €1,399 | €1,441 | +€43 | +3.0% |
| Gross operating margin | 9900 | €33,194 | -€805 | -€33,999 | |
| Operating profit (loss) | 9901 | €15,011 | -€14,158 | -€29,169 | |
| Financial income | 75/76B | €30 | €3 | -€27 | -90.0% |
| Recurring financial income | 75 | €30 | €3 | -€27 | -90.0% |
| Financial charges | 65/66B | €7,230 | €3,409 | -€3,820 | -52.8% |
| Recurring financial charges | 65 | €7,230 | €3,409 | -€3,820 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €7,811 | -€17,564 | -€25,375 | |
| Income taxes | 67/77 | €4,990 | €500 | -€4,490 | -90.0% |
| Profit (loss) for the period | 9904 | €2,822 | -€18,064 | -€20,886 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,822 | -€18,064 | -€20,886 |
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 1 October 2026 via checked.be.