Quarti: 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.
Quarti
Largest movements
- Cash +€48,105
up €48,105 (+36.0%), from €133,667 to €181,772
mainly Net result for the year (+€173,514) and Depreciation (+€99,045)
- Tangible fixed assets +€35,564
up €35,564 (+3.5%), from €1.0m to €1.0m
of which Plant, machinery and equipment: +€56,994
- Receivables within one year +€34,601
up €34,601 (+57.2%), from €60,478 to €95,079
of which Other amounts receivable: +€24,569
- Reserves +€173,514
up €173,514 (+65.4%), from €265,212 to €438,726
- Debts after one year -€65,770
down €65,770 (-9.3%), from €706,528 to €640,758
- Trade debts +€14,853
up €14,853 (+11.8%), from €126,199 to €141,053
- Gross operating margin +€75,502
up €75,502 (+12.0%), from €631,421 to €706,923
- Taxes +€37,833
up €37,833 (+106.0%), from €35,703 to €73,536
- Staff costs +€30,779
up €30,779 (+10.0%), from €306,598 to €337,377
- Depreciation +€18,374
up €18,374 (+22.8%), from €80,670 to €99,045
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 | €1,267,991 | €1,386,589 | +€118,598 | +9.4% |
| Fixed assets | 21/28 | €1,003,841 | €1,039,405 | +€35,564 | +3.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,003,841 | €1,039,405 | +€35,564 | +3.5% |
| Land and buildings | 22 | €714,780 | €680,627 | -€34,152 | -4.8% |
| Plant, machinery and equipment | 23 | €281,432 | €338,426 | +€56,994 | +20.3% |
| Furniture and vehicles | 24 | €7,630 | €20,352 | +€12,722 | +166.7% |
| Current assets | 29/58 | €264,151 | €347,184 | +€83,033 | +31.4% |
| Stocks and contracts in progress | 3 | €32,575 | €31,400 | -€1,175 | -3.6% |
| Stocks | 30/36 | €32,575 | €31,400 | -€1,175 | -3.6% |
| Amounts receivable within one year | 40/41 | €60,478 | €95,079 | +€34,601 | +57.2% |
| Trade receivables | 40 | €14,232 | €24,264 | +€10,032 | +70.5% |
| Other amounts receivable | 41 | €46,246 | €70,815 | +€24,569 | +53.1% |
| Cash at bank and in hand | 54/58 | €133,667 | €181,772 | +€48,105 | +36.0% |
| Deferred charges and accrued income | 490/1 | €37,430 | €38,933 | +€1,503 | +4.0% |
| Total equity and liabilities | 10/49 | €1,267,991 | €1,386,589 | +€118,598 | +9.4% |
| Equity | 10/15 | €283,812 | €457,326 | +€173,514 | +61.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,212 | €438,726 | +€173,514 | +65.4% |
| Distributable reserves | 133 | €265,212 | €438,726 | +€173,514 | +65.4% |
| Amounts payable | 17/49 | €984,179 | €929,263 | -€54,917 | -5.6% |
| Amounts payable after more than one year | 17 | €706,528 | €640,758 | -€65,770 | -9.3% |
| Financial debts | 170/4 | €706,528 | €640,758 | -€65,770 | -9.3% |
| Amounts payable within one year | 42/48 | €277,441 | €288,356 | +€10,915 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €60,823 | €65,770 | +€4,947 | +8.1% |
| Trade debts | 44 | €126,199 | €141,053 | +€14,853 | +11.8% |
| Suppliers | 440/4 | €126,199 | €141,053 | +€14,853 | +11.8% |
| Taxes, remuneration and social security | 45 | €90,419 | €81,534 | -€8,886 | -9.8% |
| Taxes | 450/3 | €38,809 | €22,225 | -€16,584 | -42.7% |
| Remuneration and social security | 454/9 | €51,610 | €59,308 | +€7,698 | +14.9% |
| Accrued charges and deferred income | 492/3 | €210 | €148 | -€62 | -29.4% |
| Non-recurring operating income | 76A | - | €8,500 | +€8,500 | |
| Remuneration, social security and pensions | 62 | €306,598 | €337,377 | +€30,779 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,670 | €99,045 | +€18,374 | +22.8% |
| Other operating charges | 640/8 | €2,926 | €3,770 | +€844 | +28.8% |
| Gross operating margin | 9900 | €631,421 | €706,923 | +€75,502 | +12.0% |
| Operating profit (loss) | 9901 | €241,226 | €266,730 | +€25,504 | +10.6% |
| Financial income | 75/76B | €1,880 | €3,065 | +€1,186 | +63.1% |
| Recurring financial income | 75 | €1,880 | €3,065 | +€1,186 | +63.1% |
| Financial charges | 65/66B | €25,497 | €22,746 | -€2,751 | -10.8% |
| Recurring financial charges | 65 | €25,497 | €22,746 | -€2,751 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €217,609 | €247,050 | +€29,441 | +13.5% |
| Income taxes | 67/77 | €35,703 | €73,536 | +€37,833 | +106.0% |
| Profit (loss) for the period | 9904 | €181,906 | €173,514 | -€8,392 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €181,906 | €173,514 | -€8,392 | -4.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.