QUARKS 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.
QUARKS Management
Largest movements
- Tangible fixed assets -€17,241
no longer reported in 2025 (was €17,241)
- Cash -€4,920
down €4,920 (-8.6%), from €56,984 to €52,064
mainly Contributions, distributions and other (-€127,000) and Debts after one year (-€5,042)
- Receivables within one year -€4,009
down €4,009 (-10.2%), from €39,179 to €35,170
- Reserves -€77,000
no longer reported in 2025 (was €77,000)
- Other debts +€50,236
up €50,236 (+1150.6%), from €4,366 to €54,602
- Accrued charges and deferred income +€8,525
up €8,525 (+2912.1%), from €293 to €8,817
- Debts after one year -€5,042
no longer reported in 2025 (was €5,042)
- Current portion of long-term debt -€4,136
no longer reported in 2025 (was €4,136)
- Depreciation -€3,844
down €3,844 (-89.8%), from €4,279 to €435
- Gross operating margin +€2,480
up €2,480 (+3.9%), from €62,940 to €65,420
- Taxes +€884
up €884 (+7.1%), from €12,397 to €13,281
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 | €113,904 | €87,734 | -€26,170 | -23.0% |
| Fixed assets | 21/28 | €17,741 | €500 | -€17,241 | -97.2% |
| Tangible fixed assets | 22/27 | €17,241 | - | -€17,241 | |
| Furniture and vehicles | 24 | €17,241 | - | -€17,241 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €96,163 | €87,234 | -€8,929 | -9.3% |
| Amounts receivable within one year | 40/41 | €39,179 | €35,170 | -€4,009 | -10.2% |
| Trade receivables | 40 | €39,179 | €35,170 | -€4,009 | -10.2% |
| Cash at bank and in hand | 54/58 | €56,984 | €52,064 | -€4,920 | -8.6% |
| Total equity and liabilities | 10/49 | €113,904 | €87,734 | -€26,170 | -23.0% |
| Equity | 10/15 | €82,192 | €5,217 | -€76,975 | -93.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,000 | - | -€77,000 | |
| Distributable reserves | 133 | €77,000 | - | -€77,000 | |
| Profit (loss) carried forward | 14 | €192 | €217 | +€25 | +13.1% |
| Amounts payable | 17/49 | €31,713 | €82,517 | +€50,805 | +160.2% |
| Amounts payable after more than one year | 17 | €5,042 | - | -€5,042 | |
| Financial debts | 170/4 | €5,042 | - | -€5,042 | |
| Amounts payable within one year | 42/48 | €26,378 | €73,700 | +€47,322 | +179.4% |
| Current portion of amounts payable after more than one year | 42 | €4,136 | - | -€4,136 | |
| Trade debts | 44 | €816 | €897 | +€81 | +10.0% |
| Suppliers | 440/4 | €816 | €897 | +€81 | +10.0% |
| Taxes, remuneration and social security | 45 | €17,060 | €18,200 | +€1,141 | +6.7% |
| Taxes | 450/3 | €17,060 | €18,200 | +€1,141 | +6.7% |
| Other amounts payable | 47/48 | €4,366 | €54,602 | +€50,236 | +1150.6% |
| Accrued charges and deferred income | 492/3 | €293 | €8,817 | +€8,525 | +2912.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,279 | €435 | -€3,844 | -89.8% |
| Other operating charges | 640/8 | €687 | €476 | -€211 | -30.7% |
| Non-recurring operating charges | 66A | - | €277 | +€277 | |
| Gross operating margin | 9900 | €62,940 | €65,420 | +€2,480 | +3.9% |
| Operating profit (loss) | 9901 | €57,974 | €64,232 | +€6,258 | +10.8% |
| Financial charges | 65/66B | €1,478 | €926 | -€552 | -37.3% |
| Recurring financial charges | 65 | €1,478 | €926 | -€552 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €56,496 | €63,306 | +€6,810 | +12.1% |
| Income taxes | 67/77 | €12,397 | €13,281 | +€884 | +7.1% |
| Profit (loss) for the period | 9904 | €44,099 | €50,025 | +€5,926 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,099 | €50,025 | +€5,926 | +13.4% |
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 9 October 2026 via checked.be.