quarTETT: 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.
quarTETT
Largest movements
- Tangible fixed assets -€3,286
down €3,286 (-3.0%), from €108,772 to €105,486
of which Land and buildings: -€5,207
- Cash +€2,525
up €2,525 (+26.5%), from €9,528 to €12,053
mainly Depreciation (+€6,276) and Other debts (+€3,600)
- Deferred charges and accrued income -€1,538
down €1,538 (-58.7%), from €2,621 to €1,082
- Other debts +€3,600
new in 2025: €3,600
- Profit (loss) carried forward -€3,185
down €3,185 (-3.1%), from €103,094 to €99,909
- Debts after one year -€2,452
no longer reported in 2025 (was €2,452)
- Depreciation -€3,884
down €3,884 (-38.2%), from €10,160 to €6,276
- Other operating charges +€1,637
up €1,637 (+90.5%), from €1,809 to €3,447
- Taxes +€402
up €402 (+64.5%), from €622 to €1,024
- Financial charges -€361
down €361 (-39.9%), from €905 to €544
- Gross operating margin +€175
up €175 (+1.5%), from €11,291 to €11,466
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 | €128,488 | €126,124 | -€2,364 | -1.8% |
| Fixed assets | 21/28 | €108,772 | €105,486 | -€3,286 | -3.0% |
| Tangible fixed assets | 22/27 | €108,772 | €105,486 | -€3,286 | -3.0% |
| Land and buildings | 22 | €107,809 | €102,601 | -€5,207 | -4.8% |
| Furniture and vehicles | 24 | - | €2,885 | +€2,885 | |
| Leasing and similar rights | 25 | €963 | - | -€963 | |
| Current assets | 29/58 | €19,716 | €20,638 | +€922 | +4.7% |
| Amounts receivable within one year | 40/41 | €7,567 | €7,503 | -€65 | -0.9% |
| Trade receivables | 40 | €1,551 | €4,951 | +€3,400 | +219.2% |
| Other amounts receivable | 41 | €6,016 | €2,552 | -€3,465 | -57.6% |
| Cash at bank and in hand | 54/58 | €9,528 | €12,053 | +€2,525 | +26.5% |
| Deferred charges and accrued income | 490/1 | €2,621 | €1,082 | -€1,538 | -58.7% |
| Total equity and liabilities | 10/49 | €128,488 | €126,124 | -€2,364 | -1.8% |
| Equity | 10/15 | €119,794 | €116,609 | -€3,185 | -2.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €4,200 | €4,200 | = | 0.0% |
| Distributable reserves | 133 | €4,200 | €4,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,094 | €99,909 | -€3,185 | -3.1% |
| Amounts payable | 17/49 | €8,694 | €9,515 | +€821 | +9.4% |
| Amounts payable after more than one year | 17 | €2,452 | - | -€2,452 | |
| Financial debts | 170/4 | €2,452 | - | -€2,452 | |
| Amounts payable within one year | 42/48 | €6,242 | €9,515 | +€3,273 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €754 | - | -€754 | |
| Trade debts | 44 | €2,725 | €2,528 | -€197 | -7.2% |
| Suppliers | 440/4 | €2,725 | €2,528 | -€197 | -7.2% |
| Taxes, remuneration and social security | 45 | €2,763 | €3,388 | +€625 | +22.6% |
| Taxes | 450/3 | €2,763 | €3,388 | +€625 | +22.6% |
| Other amounts payable | 47/48 | - | €3,600 | +€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,160 | €6,276 | -€3,884 | -38.2% |
| Other operating charges | 640/8 | €1,809 | €3,447 | +€1,637 | +90.5% |
| Gross operating margin | 9900 | €11,291 | €11,466 | +€175 | +1.5% |
| Operating profit (loss) | 9901 | -€678 | €1,744 | +€2,422 | |
| Financial income | 75/76B | €271 | €239 | -€32 | -11.9% |
| Recurring financial income | 75 | €271 | €239 | -€32 | -11.9% |
| Financial charges | 65/66B | €905 | €544 | -€361 | -39.9% |
| Recurring financial charges | 65 | €905 | €544 | -€361 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,312 | €1,438 | +€2,751 | |
| Income taxes | 67/77 | €622 | €1,024 | +€402 | +64.5% |
| Profit (loss) for the period | 9904 | -€1,934 | €415 | +€2,349 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,934 | €415 | +€2,349 |
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 29 September 2026 via checked.be.