Quartier Invest: 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.
Quartier Invest
Largest movements
- Stocks and contracts -€152,840
down €152,840 (-100%), from €152,840 to €0
- Financial fixed assets +€75,000
up €75,000 (+395%), from €19,000 to €94,000
- Receivables within one year -€45,197
down €45,197 (-21.9%), from €206,185 to €160,988
of which Trade receivables: -€117,902
- Cash +€8,853
up €8,853 (+67.6%), from €13,104 to €21,957
mainly Stocks and contracts (+€152,840) and Current portion of long-term debt (+€50,468)
- Short-term financial debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Debts after one year -€69,814
down €69,814 (-43.8%), from €159,530 to €89,716
- Current portion of long-term debt +€50,468
up €50,468 (+261%), from €19,346 to €69,814
- Trade debts -€18,227
down €18,227 (-60.4%), from €30,181 to €11,954
- Other debts +€14,887
up €14,887 (+6.7%), from €222,219 to €237,107
- Gross operating margin -€130,311
down €130,311 (-69.0%), from €188,778 to €58,467
- Staff costs -€127,687
down €127,687 (-99.6%), from €128,251 to €564
- Write-downs -€50,000
down €50,000 (-100%), from €50,000 to €0
- Other operating charges +€16,276
up €16,276 (+314%), from €5,181 to €21,457
- Financial charges -€6,165
down €6,165 (-46.0%), from €13,408 to €7,243
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 | €542,089 | €421,332 | -€120,757 | -22.3% |
| Fixed assets | 21/28 | €166,610 | €236,975 | +€70,364 | +42.2% |
| Tangible fixed assets | 22/27 | €147,610 | €142,975 | -€4,636 | -3.1% |
| Plant, machinery and equipment | 23 | €6,793 | €0 | -€6,793 | -100% |
| Furniture and vehicles | 24 | €26,547 | €43,495 | +€16,949 | +63.8% |
| Other tangible fixed assets | 26 | €114,271 | €99,479 | -€14,792 | -12.9% |
| Financial fixed assets | 28 | €19,000 | €94,000 | +€75,000 | +395% |
| Current assets | 29/58 | €375,478 | €184,357 | -€191,121 | -50.9% |
| Stocks and contracts in progress | 3 | €152,840 | €0 | -€152,840 | -100% |
| Stocks | 30/36 | €152,840 | €0 | -€152,840 | -100% |
| Amounts receivable within one year | 40/41 | €206,185 | €160,988 | -€45,197 | -21.9% |
| Trade receivables | 40 | €148,398 | €30,496 | -€117,902 | -79.5% |
| Other amounts receivable | 41 | €57,787 | €130,492 | +€72,705 | +126% |
| Cash at bank and in hand | 54/58 | €13,104 | €21,957 | +€8,853 | +67.6% |
| Deferred charges and accrued income | 490/1 | €3,350 | €1,412 | -€1,938 | -57.8% |
| Total equity and liabilities | 10/49 | €542,089 | €421,332 | -€120,757 | -22.3% |
| Equity | 10/15 | €1,610 | €2,391 | +€781 | +48.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,491 | €5,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €3,491 | €5,491 | +€2,000 | +57.3% |
| Profit (loss) carried forward | 14 | -€23,881 | -€23,100 | +€781 | +3.3% |
| Amounts payable | 17/49 | €540,479 | €418,941 | -€121,538 | -22.5% |
| Amounts payable after more than one year | 17 | €159,530 | €89,716 | -€69,814 | -43.8% |
| Financial debts | 170/4 | €159,530 | €89,716 | -€69,814 | -43.8% |
| Amounts payable within one year | 42/48 | €375,287 | €323,154 | -€52,133 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €19,346 | €69,814 | +€50,468 | +261% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100% |
| Other loans | 439 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €30,181 | €11,954 | -€18,227 | -60.4% |
| Suppliers | 440/4 | €30,181 | €11,954 | -€18,227 | -60.4% |
| Taxes, remuneration and social security | 45 | €3,540 | €4,279 | +€739 | +20.9% |
| Taxes | 450/3 | €3,540 | €4,279 | +€739 | +20.9% |
| Other amounts payable | 47/48 | €222,219 | €237,107 | +€14,887 | +6.7% |
| Accrued charges and deferred income | 492/3 | €5,663 | €6,072 | +€409 | +7.2% |
| Non-recurring operating income | 76A | - | €13,707 | +€13,707 | |
| Remuneration, social security and pensions | 62 | €128,251 | €564 | -€127,687 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,136 | €35,596 | +€4,460 | +14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,000 | €0 | -€50,000 | -100% |
| Other operating charges | 640/8 | €5,181 | €21,457 | +€16,276 | +314% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €188,778 | €58,467 | -€130,311 | -69.0% |
| Operating profit (loss) | 9901 | -€25,790 | €850 | +€26,640 | |
| Financial income | 75/76B | €2,617 | €7,328 | +€4,711 | +180% |
| Recurring financial income | 75 | €2,617 | €7,328 | +€4,711 | +180% |
| Financial charges | 65/66B | €13,408 | €7,243 | -€6,165 | -46.0% |
| Recurring financial charges | 65 | €13,408 | €7,243 | -€6,165 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,581 | €934 | +€37,515 | |
| Income taxes | 67/77 | €0 | €153 | +€153 | |
| Profit (loss) for the period | 9904 | -€36,581 | €781 | +€37,362 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,581 | €781 | +€37,362 |
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 25 October 2026 via checked.be.