QUARTA GEN: 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.
QUARTA GEN
Largest movements
- Tangible fixed assets -€20,162
down €20,162 (-2.8%), from €730,078 to €709,916
of which Land and buildings: -€19,786
- Other debts -€107,405
down €107,405 (-74.6%), from €143,921 to €36,516
- Debts after one year +€84,169
up €84,169 (+52.7%), from €159,586 to €243,755
- Reserves -€11,414
down €11,414 (-4.0%), from €283,601 to €272,187
- Current portion of long-term debt +€9,849
up €9,849 (+87.3%), from €11,282 to €21,130
- Financial charges -€2,606
down €2,606 (-18.0%), from €14,464 to €11,857
- Gross operating margin +€1,563
up €1,563 (+5.9%), from €26,667 to €28,230
- Other operating charges +€388
up €388 (+10.6%), from €3,674 to €4,062
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 | €755,498 | €735,358 | -€20,140 | -2.7% |
| Fixed assets | 21/28 | €730,078 | €709,916 | -€20,162 | -2.8% |
| Tangible fixed assets | 22/27 | €730,078 | €709,916 | -€20,162 | -2.8% |
| Land and buildings | 22 | €729,302 | €709,517 | -€19,786 | -2.7% |
| Plant, machinery and equipment | 23 | €776 | €399 | -€377 | -48.6% |
| Current assets | 29/58 | €25,420 | €25,442 | +€22 | +0.1% |
| Current investments | 50/53 | - | €2,870 | +€2,870 | |
| Cash at bank and in hand | 54/58 | €25,420 | €22,572 | -€2,848 | -11.2% |
| Total equity and liabilities | 10/49 | €755,498 | €735,358 | -€20,140 | -2.7% |
| Equity | 10/15 | €342,037 | €338,092 | -€3,945 | -1.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €283,601 | €272,187 | -€11,414 | -4.0% |
| Tax-exempt reserves | 132 | €283,601 | €272,187 | -€11,414 | -4.0% |
| Profit (loss) carried forward | 14 | -€65,510 | -€58,042 | +€7,468 | +11.4% |
| Provisions and deferred taxes | 16 | €95,769 | €91,863 | -€3,907 | -4.1% |
| Deferred taxes | 168 | €95,769 | €91,863 | -€3,907 | -4.1% |
| Amounts payable | 17/49 | €317,692 | €305,403 | -€12,288 | -3.9% |
| Amounts payable after more than one year | 17 | €159,586 | €243,755 | +€84,169 | +52.7% |
| Financial debts | 170/4 | €159,586 | €243,755 | +€84,169 | +52.7% |
| Amounts payable within one year | 42/48 | €155,236 | €57,647 | -€97,589 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €11,282 | €21,130 | +€9,849 | +87.3% |
| Trade debts | 44 | €33 | €0 | -€33 | -100.0% |
| Suppliers | 440/4 | €33 | €0 | -€33 | -100.0% |
| Other amounts payable | 47/48 | €143,921 | €36,516 | -€107,405 | -74.6% |
| Accrued charges and deferred income | 492/3 | €2,870 | €4,002 | +€1,131 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,174 | €20,048 | -€126 | -0.6% |
| Other operating charges | 640/8 | €3,674 | €4,062 | +€388 | +10.6% |
| Non-recurring operating charges | 66A | - | €115 | +€115 | |
| Gross operating margin | 9900 | €26,667 | €28,230 | +€1,563 | +5.9% |
| Operating profit (loss) | 9901 | €2,819 | €4,005 | +€1,186 | +42.1% |
| Financial charges | 65/66B | €14,464 | €11,857 | -€2,606 | -18.0% |
| Recurring financial charges | 65 | €14,464 | €11,857 | -€2,606 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,644 | -€7,852 | +€3,792 | +32.6% |
| Transfer from deferred taxes | 780 | €3,830 | €3,907 | +€77 | +2.0% |
| Profit (loss) for the period | 9904 | -€7,814 | -€3,945 | +€3,869 | +49.5% |
| Transfer from tax-exempt reserves | 789 | €11,490 | €11,414 | -€77 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,676 | €7,468 | +€3,792 | +103.2% |
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 9 October 2026 via checked.be.