QUARTIER: 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.
What changed
QUARTIER
NACE 43.221, Plumbing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€714,416
2024 · €246,848+€467,568
Equity
€2.7m
2024 · €845,683+€1.9m
Cash
€857,555
2024 · €743,362+€114,193
Balance sheet total
€12.7m
2024 · €12.7m+€11,450
Largest movements
Assets
- Receivables within one year -€907,232
down €907,232 (-14.5%), from €6.3m to €5.4m
of which Trade receivables: -€1.2m
- Tangible fixed assets +€846,870
up €846,870 (+21.3%), from €4.0m to €4.8m
of which Land and buildings: +€926,740
Equity and liabilities
- Revaluation surpluses +€1.2m
new in 2025: €1.2m
- Short-term financial debts -€799,924
down €799,924 (-31.9%), from €2.5m to €1.7m
- Reserves +€714,416
up €714,416 (+92.6%), from €771,683 to €1.5m
of which Distributable reserves: +€414,066
- Trade debts -€493,145
down €493,145 (-11.8%), from €4.2m to €3.7m
- Other debts -€317,365
down €317,365 (-77.3%), from €410,783 to €93,418
Income statement
- Turnover +€2.3m
up €2.3m (+8.5%), from €27.4m to €29.7m
- Goods and materials +€1.7m
up €1.7m (+7.7%), from €22.6m to €24.3m
of which Purchases: +€1.7m
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.
Result 2024
€246,848
Turnover
+€2.3m
Other operating income
+€17,934
Goods and materials
-€1.7m
Services and other goods
+€101,094
Staff costs
-€81,565
Depreciation
-€14,538
Write-downs
-€66,865
Other operating charges
-€45,480
Other operating items
+€185,420
Financial income
+€20,601
Financial charges
-€76,964
Taxes
-€165,955
Result 2025
€714,416
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.
From operations
+€1.2m
Investment
-€1.1m
Financing
+€74,241
Cash 2024
€743,362
From operations (derived)
+€1.2m
Net result for the year
+€714,416
Depreciation
+€355,912
Stocks and contracts
+€18,747
Receivables within one year
+€907,232
Deferred charges and accrued income
-€33,925
Provisions
-€7,940
Trade debts
-€493,145
Tax, wage and social debts
+€27,428
Other debts
-€317,365
Accrued charges and deferred income
+€13,813
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€74,241
Debts after one year
-€308,507
Current portion of long-term debt
+€22,294
Short-term financial debts
-€799,924
Contributions, distributions and other
+€1.2m
Cash 2025
€857,555
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,674,532 | €12,685,982 | +€11,450 | +0.1% |
| Fixed assets | 21/28 | €4,746,809 | €5,536,120 | +€789,311 | +16.6% |
| Intangible fixed assets | 21 | €571,473 | €508,206 | -€63,267 | -11.1% |
| Tangible fixed assets | 22/27 | €3,981,909 | €4,828,779 | +€846,870 | +21.3% |
| Land and buildings | 22 | €3,748,649 | €4,675,389 | +€926,740 | +24.7% |
| Plant, machinery and equipment | 23 | €83,149 | €57,813 | -€25,336 | -30.5% |
| Furniture and vehicles | 24 | €150,111 | €95,576 | -€54,535 | -36.3% |
| Financial fixed assets | 28 | €193,427 | €199,135 | +€5,708 | +3.0% |
| Affiliated companies | 280/1 | €181,157 | €181,157 | = | 0.0% |
| Participating interests | 280 | €181,157 | €181,157 | = | 0.0% |
| Other financial fixed assets | 284/8 | €12,270 | €17,978 | +€5,708 | +46.5% |
| Amounts receivable and cash guarantees | 285/8 | €12,270 | €17,978 | +€5,708 | +46.5% |
| Current assets | 29/58 | €7,927,723 | €7,149,862 | -€777,861 | -9.8% |
| Stocks and contracts in progress | 3 | €905,454 | €886,707 | -€18,747 | -2.1% |
| Stocks | 30/36 | €590,720 | €558,462 | -€32,258 | -5.5% |
| Raw materials and consumables | 30/31 | €590,720 | €558,462 | -€32,258 | -5.5% |
| Contracts in progress | 37 | €314,734 | €328,245 | +€13,511 | +4.3% |
| Amounts receivable within one year | 40/41 | €6,266,145 | €5,358,912 | -€907,232 | -14.5% |
| Trade receivables | 40 | €5,714,248 | €4,522,342 | -€1.2m | -20.9% |
| Other amounts receivable | 41 | €551,896 | €836,570 | +€284,674 | +51.6% |
| Cash at bank and in hand | 54/58 | €743,362 | €857,555 | +€114,193 | +15.4% |
| Deferred charges and accrued income | 490/1 | €12,763 | €46,688 | +€33,925 | +265.8% |
| Total equity and liabilities | 10/49 | €12,674,532 | €12,685,982 | +€11,450 | +0.1% |
| Equity | 10/15 | €845,683 | €2,720,478 | +€1.9m | +221.7% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Capital | 10 | €74,000 | €74,000 | = | 0.0% |
| Issued capital | 100 | €74,000 | €74,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,160,379 | +€1.2m | |
| Reserves | 13 | €771,683 | €1,486,099 | +€714,416 | +92.6% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Legal reserve | 130 | €7,400 | €7,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €288,595 | €588,946 | +€300,351 | +104.1% |
| Distributable reserves | 133 | €475,688 | €889,753 | +€414,066 | +87.0% |
| Provisions and deferred taxes | 16 | €83,368 | €75,428 | -€7,940 | -9.5% |
| Deferred taxes | 168 | €83,368 | €75,428 | -€7,940 | -9.5% |
| Amounts payable | 17/49 | €11,745,481 | €9,890,076 | -€1.9m | -15.8% |
| Amounts payable after more than one year | 17 | €3,695,879 | €3,387,371 | -€308,507 | -8.3% |
| Financial debts | 170/4 | €3,695,879 | €3,387,371 | -€308,507 | -8.3% |
| Subordinated loans | 170 | - | €383,700 | +€383,700 | |
| Credit institutions | 173 | €3,242,754 | €2,738,046 | -€504,707 | -15.6% |
| Other loans | 174 | €453,125 | €265,625 | -€187,500 | -41.4% |
| Amounts payable within one year | 42/48 | €8,017,027 | €6,456,315 | -€1.6m | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €808,600 | €830,894 | +€22,294 | +2.8% |
| Financial debts | 43 | €2,509,047 | €1,709,122 | -€799,924 | -31.9% |
| Credit institutions | 430/8 | €2,509,047 | €1,709,122 | -€799,924 | -31.9% |
| Trade debts | 44 | €4,178,414 | €3,685,269 | -€493,145 | -11.8% |
| Suppliers | 440/4 | €4,178,414 | €3,685,269 | -€493,145 | -11.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €110,183 | €137,612 | +€27,428 | +24.9% |
| Taxes | 450/3 | €8,509 | €14,581 | +€6,072 | +71.4% |
| Remuneration and social security | 454/9 | €101,674 | €123,031 | +€21,356 | +21.0% |
| Other amounts payable | 47/48 | €410,783 | €93,418 | -€317,365 | -77.3% |
| Accrued charges and deferred income | 492/3 | €32,576 | €46,389 | +€13,813 | +42.4% |
| Operating income | 70/76A | €27,605,697 | €30,150,123 | +€2.5m | +9.2% |
| Turnover | 70 | €27,357,480 | €29,690,804 | +€2.3m | +8.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€75,246 | €13,511 | +€88,756 | |
| Other operating income | 74 | €320,763 | €338,697 | +€17,934 | +5.6% |
| Non-recurring operating income | 76A | €2,700 | €107,111 | +€104,411 | +3867.1% |
| Operating charges | 60/66A | €27,006,903 | €28,861,442 | +€1.9m | +6.9% |
| Goods for resale, raw materials and consumables | 60 | €22,604,531 | €24,343,970 | +€1.7m | +7.7% |
| Purchases | 600/8 | €22,647,354 | €24,311,712 | +€1.7m | +7.3% |
| Change in stocks: decrease (increase) | 609 | -€42,823 | €32,258 | +€75,081 | |
| Services and other goods | 61 | €2,690,882 | €2,589,789 | -€101,094 | -3.8% |
| Remuneration, social security and pensions | 62 | €1,311,392 | €1,392,957 | +€81,565 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341,375 | €355,912 | +€14,538 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,087 | €62,778 | +€66,865 | |
| Other operating charges | 640/8 | €62,809 | €108,289 | +€45,480 | +72.4% |
| Non-recurring operating charges | 66A | - | €7,747 | +€7,747 | |
| Operating profit (loss) | 9901 | €598,795 | €1,288,681 | +€689,886 | +115.2% |
| Financial income | 75/76B | €177,719 | €198,320 | +€20,601 | +11.6% |
| Recurring financial income | 75 | €177,719 | €198,320 | +€20,601 | +11.6% |
| Other financial income | 752/9 | €177,719 | €198,320 | +€20,601 | +11.6% |
| Financial charges | 65/66B | €433,034 | €509,998 | +€76,964 | +17.8% |
| Recurring financial charges | 65 | €433,034 | €509,998 | +€76,964 | +17.8% |
| Debt charges | 650 | €250,162 | €216,999 | -€33,163 | -13.3% |
| Other financial charges | 652/9 | €182,872 | €292,999 | +€110,127 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €343,479 | €977,003 | +€633,523 | +184.4% |
| Transfer from deferred taxes | 780 | €7,940 | €7,940 | = | 0.0% |
| Income taxes | 67/77 | €104,571 | €270,526 | +€165,955 | +158.7% |
| Taxes | 670/3 | €104,571 | €270,526 | +€165,955 | +158.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €246,848 | €714,416 | +€467,568 | +189.4% |
| Transfer from tax-exempt reserves | 789 | €23,819 | €23,819 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €324,170 | +€324,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €270,668 | €414,066 | +€143,398 | +53.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.