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.
QUARTIER
Largest movements
- Stocks and contracts +€8,861
up €8,861 (+56.6%), from €15,650 to €24,511
- Intangible fixed assets -€8,500
down €8,500 (-13.6%), from €62,333 to €53,833
- Tangible fixed assets -€7,296
down €7,296 (-12.4%), from €58,682 to €51,386
of which Plant, machinery and equipment: -€7,091
- Financial fixed assets +€6,100
up €6,100 (+96.6%), from €6,312 to €12,412
- Deferred charges and accrued income +€1,629
new in 2025: €1,629
- Tax, wage and social debts +€39,148
up €39,148 (+146.2%), from €26,780 to €65,929
of which Remuneration and social security: +€36,491
- Profit (loss) carried forward -€26,395
new in 2025: -€26,395
- Other debts -€20,409
down €20,409 (-26.1%), from €78,075 to €57,666
- Trade debts +€8,531
up €8,531 (+148.1%), from €5,761 to €14,293
- Staff costs +€32,778
up €32,778 (+16.2%), from €202,561 to €235,339
- Gross operating margin -€21,781
down €21,781 (-8.6%), from €253,999 to €232,218
- Taxes -€6,442
down €6,442 (-98.0%), from €6,574 to €132
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 | €151,202 | €152,071 | +€869 | +0.6% |
| Fixed assets | 21/28 | €127,327 | €117,632 | -€9,696 | -7.6% |
| Intangible fixed assets | 21 | €62,333 | €53,833 | -€8,500 | -13.6% |
| Tangible fixed assets | 22/27 | €58,682 | €51,386 | -€7,296 | -12.4% |
| Plant, machinery and equipment | 23 | €58,477 | €51,386 | -€7,091 | -12.1% |
| Furniture and vehicles | 24 | €204 | - | -€204 | |
| Financial fixed assets | 28 | €6,312 | €12,412 | +€6,100 | +96.6% |
| Current assets | 29/58 | €23,875 | €34,440 | +€10,565 | +44.2% |
| Stocks and contracts in progress | 3 | €15,650 | €24,511 | +€8,861 | +56.6% |
| Stocks | 30/36 | €15,650 | €24,511 | +€8,861 | +56.6% |
| Amounts receivable within one year | 40/41 | €3,048 | €3,962 | +€914 | +30.0% |
| Trade receivables | 40 | €843 | €70 | -€773 | -91.7% |
| Other amounts receivable | 41 | €2,205 | €3,892 | +€1,687 | +76.5% |
| Cash at bank and in hand | 54/58 | €5,177 | €4,338 | -€839 | -16.2% |
| Deferred charges and accrued income | 490/1 | - | €1,629 | +€1,629 | |
| Total equity and liabilities | 10/49 | €151,202 | €152,071 | +€869 | +0.6% |
| Equity | 10/15 | €35,831 | €9,436 | -€26,395 | -73.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,831 | €15,831 | = | 0.0% |
| Distributable reserves | 133 | €15,831 | €15,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,395 | -€26,395 | |
| Amounts payable | 17/49 | €115,371 | €142,636 | +€27,264 | +23.6% |
| Amounts payable within one year | 42/48 | €115,371 | €142,636 | +€27,264 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €4,755 | €4,748 | -€7 | -0.1% |
| Trade debts | 44 | €5,761 | €14,293 | +€8,531 | +148.1% |
| Suppliers | 440/4 | €5,761 | €14,293 | +€8,531 | +148.1% |
| Taxes, remuneration and social security | 45 | €26,780 | €65,929 | +€39,148 | +146.2% |
| Taxes | 450/3 | €10,731 | €13,388 | +€2,657 | +24.8% |
| Remuneration and social security | 454/9 | €16,050 | €52,541 | +€36,491 | +227.4% |
| Other amounts payable | 47/48 | €78,075 | €57,666 | -€20,409 | -26.1% |
| Remuneration, social security and pensions | 62 | €202,561 | €235,339 | +€32,778 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,805 | €18,673 | -€133 | -0.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €253,999 | €232,218 | -€21,781 | -8.6% |
| Operating profit (loss) | 9901 | €32,633 | -€22,193 | -€54,826 | |
| Financial income | 75/76B | €8 | €1 | -€7 | -92.4% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -92.4% |
| Financial charges | 65/66B | €4,191 | €4,071 | -€121 | -2.9% |
| Recurring financial charges | 65 | €4,191 | €4,071 | -€121 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €28,450 | -€26,263 | -€54,713 | |
| Income taxes | 67/77 | €6,574 | €132 | -€6,442 | -98.0% |
| Profit (loss) for the period | 9904 | €21,876 | -€26,395 | -€48,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,876 | -€26,395 | -€48,271 |
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 30 September 2026 via checked.be.