Quartech: 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.
Quartech
Largest movements
- Cash +€40,898
up €40,898 (+107.2%), from €38,159 to €79,057
mainly Net result for the year (+€67,912) and Depreciation (+€10,044)
- Deferred charges and accrued income +€12,498
up €12,498 (+708.7%), from €1,764 to €14,262
- Receivables within one year +€8,020
up €8,020 (+58.8%), from €13,643 to €21,663
- Tangible fixed assets -€4,278
down €4,278 (-10.2%), from €41,978 to €37,700
of which Furniture and vehicles: -€3,728
- Profit (loss) carried forward +€67,912
up €67,912 (+300.9%), from €22,571 to €90,483
- Other debts -€12,662
down €12,662 (-81.9%), from €15,452 to €2,790
- Tax, wage and social debts +€10,019
up €10,019 (+95.4%), from €10,501 to €20,521
of which Taxes: +€10,019
- Debts after one year -€8,486
down €8,486 (-26.4%), from €32,190 to €23,703
- Gross operating margin +€64,172
up €64,172 (+188.0%), from €34,134 to €98,306
- Taxes +€11,924
up €11,924 (+191.6%), from €6,224 to €18,147
- Depreciation +€5,672
up €5,672 (+129.7%), from €4,372 to €10,044
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 | €95,543 | €152,683 | +€57,139 | +59.8% |
| Fixed assets | 21/28 | €41,978 | €37,700 | -€4,278 | -10.2% |
| Tangible fixed assets | 22/27 | €41,978 | €37,700 | -€4,278 | -10.2% |
| Plant, machinery and equipment | 23 | €2,487 | €1,937 | -€550 | -22.1% |
| Furniture and vehicles | 24 | €39,491 | €35,763 | -€3,728 | -9.4% |
| Current assets | 29/58 | €53,566 | €114,983 | +€61,417 | +114.7% |
| Amounts receivable within one year | 40/41 | €13,643 | €21,663 | +€8,020 | +58.8% |
| Trade receivables | 40 | €13,643 | €21,663 | +€8,020 | +58.8% |
| Cash at bank and in hand | 54/58 | €38,159 | €79,057 | +€40,898 | +107.2% |
| Deferred charges and accrued income | 490/1 | €1,764 | €14,262 | +€12,498 | +708.7% |
| Total equity and liabilities | 10/49 | €95,543 | €152,683 | +€57,139 | +59.8% |
| Equity | 10/15 | €27,571 | €95,483 | +€67,912 | +246.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,571 | €90,483 | +€67,912 | +300.9% |
| Amounts payable | 17/49 | €67,972 | €57,200 | -€10,772 | -15.8% |
| Amounts payable after more than one year | 17 | €32,190 | €23,703 | -€8,486 | -26.4% |
| Financial debts | 170/4 | €32,190 | €23,703 | -€8,486 | -26.4% |
| Amounts payable within one year | 42/48 | €35,783 | €33,497 | -€2,286 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €8,127 | €8,486 | +€360 | +4.4% |
| Trade debts | 44 | €1,702 | €1,700 | -€3 | -0.2% |
| Suppliers | 440/4 | €1,702 | €1,700 | -€3 | -0.2% |
| Taxes, remuneration and social security | 45 | €10,501 | €20,521 | +€10,019 | +95.4% |
| Taxes | 450/3 | €8,301 | €18,321 | +€10,019 | +120.7% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €15,452 | €2,790 | -€12,662 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,372 | €10,044 | +€5,672 | +129.7% |
| Other operating charges | 640/8 | €77 | €544 | +€467 | +602.8% |
| Gross operating margin | 9900 | €34,134 | €98,306 | +€64,172 | +188.0% |
| Operating profit (loss) | 9901 | €29,684 | €87,718 | +€58,033 | +195.5% |
| Financial income | 75/76B | €0 | €6 | +€6 | +63000.0% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +63000.0% |
| Financial charges | 65/66B | €890 | €1,665 | +€776 | +87.2% |
| Recurring financial charges | 65 | €890 | €1,665 | +€776 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €28,795 | €86,059 | +€57,264 | +198.9% |
| Income taxes | 67/77 | €6,224 | €18,147 | +€11,924 | +191.6% |
| Profit (loss) for the period | 9904 | €22,571 | €67,912 | +€45,340 | +200.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,571 | €67,912 | +€45,340 | +200.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.