QUARTIER LATIN: 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 LATIN
Largest movements
- Cash -€25,288
down €25,288 (-45.0%), from €56,257 to €30,970
mainly Trade debts (-€46,778) and Investment in fixed assets (net) (-€43,394)
- Receivables within one year -€15,210
down €15,210 (-38.8%), from €39,193 to €23,983
- Tangible fixed assets +€14,044
up €14,044 (+3.2%), from €444,846 to €458,890
of which Land and buildings: +€14,919
- Stocks and contracts -€13,627
down €13,627 (-9.0%), from €151,039 to €137,413
- Trade debts -€46,778
down €46,778 (-43.8%), from €106,884 to €60,106
- Profit (loss) carried forward -€15,295
down €15,295 (-25.7%), from €59,623 to €44,328
- Debts after one year +€14,978
up €14,978 (+3.5%), from €427,747 to €442,725
- Gross operating margin -€11,566
down €11,566 (-10.8%), from €106,961 to €95,396
- Depreciation +€2,704
up €2,704 (+9.6%), from €28,146 to €30,850
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 | €694,711 | €653,131 | -€41,581 | -6.0% |
| Fixed assets | 21/28 | €448,221 | €460,765 | +€12,544 | +2.8% |
| Intangible fixed assets | 21 | €3,375 | €1,875 | -€1,500 | -44.4% |
| Tangible fixed assets | 22/27 | €444,846 | €458,890 | +€14,044 | +3.2% |
| Land and buildings | 22 | €442,877 | €457,796 | +€14,919 | +3.4% |
| Plant, machinery and equipment | 23 | €1,969 | €1,094 | -€875 | -44.4% |
| Current assets | 29/58 | €246,490 | €192,365 | -€54,125 | -22.0% |
| Stocks and contracts in progress | 3 | €151,039 | €137,413 | -€13,627 | -9.0% |
| Stocks | 30/36 | €151,039 | €137,413 | -€13,627 | -9.0% |
| Amounts receivable within one year | 40/41 | €39,193 | €23,983 | -€15,210 | -38.8% |
| Trade receivables | 40 | €39,193 | €23,983 | -€15,210 | -38.8% |
| Cash at bank and in hand | 54/58 | €56,257 | €30,970 | -€25,288 | -45.0% |
| Total equity and liabilities | 10/49 | €694,711 | €653,131 | -€41,581 | -6.0% |
| Equity | 10/15 | €78,971 | €63,676 | -€15,295 | -19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €747 | €747 | = | 0.0% |
| Non-distributable reserves | 130/1 | €747 | €747 | = | 0.0% |
| Reserves not available under the articles | 1311 | €747 | €747 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,623 | €44,328 | -€15,295 | -25.7% |
| Amounts payable | 17/49 | €615,741 | €589,455 | -€26,286 | -4.3% |
| Amounts payable after more than one year | 17 | €427,747 | €442,725 | +€14,978 | +3.5% |
| Financial debts | 170/4 | €427,747 | €442,725 | +€14,978 | +3.5% |
| Amounts payable within one year | 42/48 | €187,123 | €145,859 | -€41,264 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €22,668 | €23,346 | +€678 | +3.0% |
| Trade debts | 44 | €106,884 | €60,106 | -€46,778 | -43.8% |
| Suppliers | 440/4 | €106,884 | €60,106 | -€46,778 | -43.8% |
| Advances received on contracts in progress | 46 | €6,858 | €8,327 | +€1,469 | +21.4% |
| Taxes, remuneration and social security | 45 | €15,910 | €20,924 | +€5,014 | +31.5% |
| Taxes | 450/3 | €4,256 | €4,614 | +€358 | +8.4% |
| Remuneration and social security | 454/9 | €11,653 | €16,310 | +€4,656 | +40.0% |
| Other amounts payable | 47/48 | €34,804 | €33,157 | -€1,646 | -4.7% |
| Accrued charges and deferred income | 492/3 | €870 | €870 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €65,408 | €66,382 | +€974 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,146 | €30,850 | +€2,704 | +9.6% |
| Other operating charges | 640/8 | €767 | €1,005 | +€238 | +31.0% |
| Gross operating margin | 9900 | €106,961 | €95,396 | -€11,566 | -10.8% |
| Operating profit (loss) | 9901 | €12,640 | -€2,841 | -€15,482 | |
| Financial income | 75/76B | €3,298 | €3,270 | -€28 | -0.9% |
| Recurring financial income | 75 | €3,298 | €3,270 | -€28 | -0.9% |
| Financial charges | 65/66B | €15,037 | €15,723 | +€686 | +4.6% |
| Recurring financial charges | 65 | €15,037 | €15,723 | +€686 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €901 | -€15,295 | -€16,196 | |
| Profit (loss) for the period | 9904 | €901 | -€15,295 | -€16,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €901 | -€15,295 | -€16,196 |
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 15 October 2026 via checked.be.