QUART-DE-POUCE: 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.
QUART-DE-POUCE
Largest movements
- Cash +€22,390
up €22,390 (+167%), from €13,438 to €35,829
mainly Receivables within one year (+€10,311) and Depreciation (+€8,271)
- Receivables within one year -€10,311
down €10,311 (-82.3%), from €12,525 to €2,214
of which Trade receivables: -€10,304
- Tangible fixed assets -€3,453
down €3,453 (-27.0%), from €12,769 to €9,316
of which Furniture and vehicles: -€7,558
- Tax, wage and social debts +€4,137
up €4,137 (+225%), from €1,837 to €5,974
of which Taxes: +€4,134
- Trade debts +€2,335
up €2,335 (+194%), from €1,204 to €3,539
- Reserves +€2,300
up €2,300 (+9.7%), from €23,704 to €26,004
- Short-term financial debts -€595
no longer reported in 2025 (was €595)
- Gross operating margin -€5,206
down €5,206 (-28.9%), from €17,997 to €12,791
- Taxes -€1,446
down €1,446 (-49.4%), from €2,926 to €1,480
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 | €39,930 | €48,169 | +€8,239 | +20.6% |
| Fixed assets | 21/28 | €12,827 | €9,374 | -€3,453 | -26.9% |
| Tangible fixed assets | 22/27 | €12,769 | €9,316 | -€3,453 | -27.0% |
| Furniture and vehicles | 24 | €12,769 | €5,212 | -€7,558 | -59.2% |
| Other tangible fixed assets | 26 | - | €4,104 | +€4,104 | |
| Financial fixed assets | 28 | €58 | €58 | = | 0.0% |
| Current assets | 29/58 | €27,103 | €38,795 | +€11,692 | +43.1% |
| Amounts receivable within one year | 40/41 | €12,525 | €2,214 | -€10,311 | -82.3% |
| Trade receivables | 40 | €11,272 | €968 | -€10,304 | -91.4% |
| Other amounts receivable | 41 | €1,253 | €1,246 | -€7 | -0.6% |
| Cash at bank and in hand | 54/58 | €13,438 | €35,829 | +€22,390 | +167% |
| Deferred charges and accrued income | 490/1 | €1,139 | €752 | -€387 | -34.0% |
| Total equity and liabilities | 10/49 | €39,930 | €48,169 | +€8,239 | +20.6% |
| Equity | 10/15 | €36,294 | €38,656 | +€2,362 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,704 | €26,004 | +€2,300 | +9.7% |
| Distributable reserves | 133 | €23,704 | €26,004 | +€2,300 | +9.7% |
| Profit (loss) carried forward | 14 | €189 | €251 | +€62 | +32.7% |
| Amounts payable | 17/49 | €3,636 | €9,513 | +€5,877 | +162% |
| Amounts payable within one year | 42/48 | €3,636 | €9,513 | +€5,877 | +162% |
| Financial debts | 43 | €595 | - | -€595 | |
| Credit institutions | 430/8 | €595 | - | -€595 | |
| Trade debts | 44 | €1,204 | €3,539 | +€2,335 | +194% |
| Suppliers | 440/4 | €1,204 | €3,539 | +€2,335 | +194% |
| Taxes, remuneration and social security | 45 | €1,837 | €5,974 | +€4,137 | +225% |
| Taxes | 450/3 | €1,837 | €5,971 | +€4,134 | +225% |
| Remuneration and social security | 454/9 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,375 | €8,271 | -€104 | -1.2% |
| Other operating charges | 640/8 | €592 | €647 | +€55 | +9.2% |
| Gross operating margin | 9900 | €17,997 | €12,791 | -€5,206 | -28.9% |
| Operating profit (loss) | 9901 | €9,030 | €3,873 | -€5,157 | -57.1% |
| Financial income | 75/76B | €3 | €41 | +€38 | +1,282% |
| Recurring financial income | 75 | €3 | €41 | +€38 | +1,282% |
| Financial charges | 65/66B | €74 | €72 | -€2 | -2.3% |
| Recurring financial charges | 65 | €74 | €72 | -€2 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €8,959 | €3,842 | -€5,117 | -57.1% |
| Income taxes | 67/77 | €2,926 | €1,480 | -€1,446 | -49.4% |
| Profit (loss) for the period | 9904 | €6,033 | €2,362 | -€3,671 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,033 | €2,362 | -€3,671 | -60.8% |
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 18 October 2026 via checked.be.