Quarterra: 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.
Quarterra
Largest movements
- Tangible fixed assets +€215,556
up €215,556 (+23.1%), from €934,490 to €1.2m
of which Land and buildings: +€137,170
- Cash +€31,496
up €31,496 (+342%), from €9,206 to €40,702
mainly Debts after one year (+€293,497) and Depreciation (+€39,447)
- Debts after one year +€293,497
up €293,497 (+94.2%), from €311,616 to €605,113
- Profit (loss) carried forward -€63,052
down €63,052 (-20.2%), from -€311,578 to -€374,631
- Other debts +€21,324
up €21,324 (+31.2%), from €68,304 to €89,628
- Gross operating margin -€36,006
down €36,006, from €34,746 to -€1,260
- Financial charges -€8,541
down €8,541 (-34.1%), from €25,060 to €16,519
of which Non-recurring financial charges: -€6,139
- Depreciation -€1,075
down €1,075 (-2.7%), from €40,521 to €39,447
- Other operating charges +€954
up €954 (+19.9%), from €4,796 to €5,750
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 | €945,019 | €1,201,462 | +€256,443 | +27.1% |
| Fixed assets | 21/28 | €934,490 | €1,150,046 | +€215,556 | +23.1% |
| Tangible fixed assets | 22/27 | €934,490 | €1,150,046 | +€215,556 | +23.1% |
| Land and buildings | 22 | €867,495 | €1,004,665 | +€137,170 | +15.8% |
| Plant, machinery and equipment | 23 | €6,263 | €100,185 | +€93,922 | +1,500% |
| Furniture and vehicles | 24 | €60,732 | €45,196 | -€15,536 | -25.6% |
| Current assets | 29/58 | €10,528 | €51,416 | +€40,887 | +388% |
| Amounts receivable within one year | 40/41 | - | €7,974 | +€7,974 | |
| Trade receivables | 40 | - | €3,324 | +€3,324 | |
| Other amounts receivable | 41 | - | €4,649 | +€4,649 | |
| Cash at bank and in hand | 54/58 | €9,206 | €40,702 | +€31,496 | +342% |
| Deferred charges and accrued income | 490/1 | €1,322 | €2,739 | +€1,417 | +107% |
| Total equity and liabilities | 10/49 | €945,019 | €1,201,462 | +€256,443 | +27.1% |
| Equity | 10/15 | €544,800 | €481,747 | -€63,052 | -11.6% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | - | €154,933 | +€154,933 | |
| Issued capital | 100 | - | €154,933 | +€154,933 | |
| Revaluation surpluses | 12 | €684,413 | €684,413 | = | 0.0% |
| Reserves | 13 | €17,032 | €17,032 | = | 0.0% |
| Non-distributable reserves | 130/1 | €327 | €327 | = | 0.0% |
| Legal reserve | 130 | - | €327 | +€327 | |
| Other | 1319 | €327 | - | -€327 | |
| Distributable reserves | 133 | €16,705 | €16,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,578 | -€374,631 | -€63,052 | -20.2% |
| Amounts payable | 17/49 | €400,219 | €719,714 | +€319,495 | +79.8% |
| Amounts payable after more than one year | 17 | €311,616 | €605,113 | +€293,497 | +94.2% |
| Financial debts | 170/4 | €311,616 | €605,113 | +€293,497 | +94.2% |
| Amounts payable within one year | 42/48 | €76,283 | €103,821 | +€27,538 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €6,160 | €6,503 | +€343 | +5.6% |
| Trade debts | 44 | €313 | €7,014 | +€6,701 | +2,139% |
| Suppliers | 440/4 | €313 | €7,014 | +€6,701 | +2,139% |
| Taxes, remuneration and social security | 45 | €1,505 | €676 | -€830 | -55.1% |
| Taxes | 450/3 | €1,505 | €676 | -€830 | -55.1% |
| Other amounts payable | 47/48 | €68,304 | €89,628 | +€21,324 | +31.2% |
| Accrued charges and deferred income | 492/3 | €12,320 | €10,780 | -€1,540 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,521 | €39,447 | -€1,075 | -2.7% |
| Other operating charges | 640/8 | €4,796 | €5,750 | +€954 | +19.9% |
| Gross operating margin | 9900 | €34,746 | -€1,260 | -€36,006 | |
| Operating profit (loss) | 9901 | -€10,571 | -€46,457 | -€35,886 | -339% |
| Financial income | 75/76B | €39 | €214 | +€176 | +454% |
| Recurring financial income | 75 | €39 | €214 | +€176 | +454% |
| Financial charges | 65/66B | €25,060 | €16,519 | -€8,541 | -34.1% |
| Recurring financial charges | 65 | €14,492 | €12,090 | -€2,402 | -16.6% |
| Non-recurring financial charges | 66B | €10,567 | €4,428 | -€6,139 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,591 | -€62,761 | -€27,169 | -76.3% |
| Income taxes | 67/77 | €313 | €292 | -€21 | -6.7% |
| Profit (loss) for the period | 9904 | -€35,904 | -€63,052 | -€27,148 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,904 | -€63,052 | -€27,148 | -75.6% |
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 15 October 2026 via checked.be.