QUARTERHOUSE: 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.
QUARTERHOUSE
Largest movements
- Tangible fixed assets -€1.6m
down €1.6m (-100.0%), from €1.6m to €0
of which Land and buildings: -€1.6m
- Receivables within one year -€18,479
down €18,479 (-94.7%), from €19,514 to €1,035
- Debts after one year -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Profit (loss) carried forward -€544,296
down €544,296 (-100.0%), from -€544,302 to -€1.1m
- Other debts +€69,435
up €69,435 (+6.8%), from €1.0m to €1.1m
- Current portion of long-term debt -€38,193
down €38,193 (-100.0%), from €38,193 to €0
- Short-term financial debts -€24,570
down €24,570 (-100.0%), from €24,570 to €0
- Other operating charges -€199,784
down €199,784 (-98.3%), from €203,171 to €3,387
- Gross operating margin +€99,911
up €99,911 (+59.1%), from -€169,007 to -€69,096
- Staff costs -€29,492
down €29,492, from €27,565 to -€1,926
- Depreciation -€16,431
down €16,431 (-22.8%), from €72,055 to €55,624
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 | €1,598,173 | €5,998 | -€1.6m | -99.6% |
| Fixed assets | 21/28 | €1,574,811 | €0 | -€1.6m | -100.0% |
| Tangible fixed assets | 22/27 | €1,574,811 | €0 | -€1.6m | -100.0% |
| Land and buildings | 22 | €1,571,255 | €0 | -€1.6m | -100.0% |
| Plant, machinery and equipment | 23 | €2,108 | €0 | -€2,108 | -100.0% |
| Furniture and vehicles | 24 | €1,448 | €0 | -€1,448 | -100.0% |
| Current assets | 29/58 | €23,361 | €5,998 | -€17,364 | -74.3% |
| Amounts receivable within one year | 40/41 | €19,514 | €1,035 | -€18,479 | -94.7% |
| Other amounts receivable | 41 | €19,514 | €1,035 | -€18,479 | -94.7% |
| Cash at bank and in hand | 54/58 | €3,847 | €4,963 | +€1,115 | +29.0% |
| Total equity and liabilities | 10/49 | €1,598,173 | €5,998 | -€1.6m | -99.6% |
| Equity | 10/15 | -€542,302 | -€1,086,598 | -€544,296 | -100.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€544,302 | -€1,088,598 | -€544,296 | -100.0% |
| Amounts payable | 17/49 | €2,140,474 | €1,092,596 | -€1.0m | -49.0% |
| Amounts payable after more than one year | 17 | €1,032,916 | €0 | -€1.0m | -100.0% |
| Financial debts | 170/4 | €1,032,916 | €0 | -€1.0m | -100.0% |
| Amounts payable within one year | 42/48 | €1,107,434 | €1,092,471 | -€14,963 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €38,193 | €0 | -€38,193 | -100.0% |
| Financial debts | 43 | €24,570 | €0 | -€24,570 | -100.0% |
| Credit institutions | 430/8 | €24,570 | €0 | -€24,570 | -100.0% |
| Trade debts | 44 | €24,106 | €5,054 | -€19,052 | -79.0% |
| Suppliers | 440/4 | €24,106 | €5,054 | -€19,052 | -79.0% |
| Taxes, remuneration and social security | 45 | €2,583 | €0 | -€2,583 | -100.0% |
| Taxes | 450/3 | €657 | €0 | -€657 | -100.0% |
| Remuneration and social security | 454/9 | €1,926 | €0 | -€1,926 | -100.0% |
| Other amounts payable | 47/48 | €1,017,982 | €1,087,416 | +€69,435 | +6.8% |
| Accrued charges and deferred income | 492/3 | €125 | €125 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €27,565 | -€1,926 | -€29,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,055 | €55,624 | -€16,431 | -22.8% |
| Other operating charges | 640/8 | €203,171 | €3,387 | -€199,784 | -98.3% |
| Non-recurring operating charges | 66A | - | €345,237 | +€345,237 | |
| Gross operating margin | 9900 | -€169,007 | -€69,096 | +€99,911 | +59.1% |
| Operating profit (loss) | 9901 | -€471,798 | -€471,417 | +€381 | +0.1% |
| Financial income | 75/76B | €144 | €38 | -€106 | -73.5% |
| Recurring financial income | 75 | €144 | €38 | -€106 | -73.5% |
| Financial charges | 65/66B | €72,647 | €72,917 | +€270 | +0.4% |
| Recurring financial charges | 65 | €72,647 | €72,917 | +€270 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€544,302 | -€544,296 | +€5 | 0.0% |
| Profit (loss) for the period | 9904 | -€544,302 | -€544,296 | +€5 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€544,302 | -€544,296 | +€5 | 0.0% |
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 3 October 2026 via checked.be.