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QUARTIER LIBRE: 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 LIBRE

BE 0810.420.746
NACE 72.200, Scientific research and development
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,746
2024 · €22,630-€3,884
Equity
€101,771
2024 · €83,026+€18,746
Cash
€6,921
2024 · €4,428+€2,493
Balance sheet total
€118,201
2024 · €119,122-€921

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€23,760

    down €23,760 (-79.3%), from €29,977 to €6,217

    of which Land and buildings: -€22,600

  • Receivables within one year +€21,469

    up €21,469 (+26.0%), from €82,417 to €103,886

    of which Other amounts receivable: +€25,376

  • Cash +€2,493

    up €2,493 (+56.3%), from €4,428 to €6,921

    mainly Depreciation (+€25,394) and Net result for the year (+€18,746)

Equity and liabilities
  • Profit (loss) carried forward +€18,746

    up €18,746 (+24.4%), from €76,826 to €95,571

  • Tax, wage and social debts -€13,056

    down €13,056 (-45.7%), from €28,568 to €15,512

  • Trade debts -€4,004

    down €4,004 (-81.4%), from €4,922 to €918

  • Current portion of long-term debt -€2,606

    no longer reported in 2025 (was €2,606)

Income statement
  • Gross operating margin -€18,887

    down €18,887 (-27.3%), from €69,175 to €50,288

  • Depreciation -€5,153

    down €5,153 (-16.9%), from €30,547 to €25,394

  • Taxes -€3,718

    down €3,718 (-27.6%), from €13,481 to €9,763

  • Financial charges -€2,862

    down €2,862 (-81.1%), from €3,528 to €667

  • Other operating charges -€1,984

    down €1,984 (-68.3%), from €2,906 to €922

From the 2024 result to the 2025 result

effect on the 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 €22,630
Gross operating margin -€18,887
Depreciation +€5,153
Other operating charges +€1,984
Financial income +€1,286
Financial charges +€2,862
Taxes +€3,718
Result 2025 €18,746

Cash bridge derived

cash 2024 to 2025

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 +€6,734
Investment -€1,634
Financing -€2,606
Cash 2024 €4,428
Net result for the year +€18,746
Depreciation +€25,394
Receivables within one year -€21,469
Deferred charges and accrued income +€1,124
Trade debts -€4,004
Tax, wage and social debts -€13,056
Investment in fixed assets (net) -€1,634
Current portion of long-term debt -€2,606
Cash 2025 €6,921
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €119,122 €118,201 -€921 -0.8%
Fixed assets 21/28 €29,977 €6,217 -€23,760 -79.3%
Tangible fixed assets 22/27 €29,977 €6,217 -€23,760 -79.3%
Land and buildings 22 €22,822 €222 -€22,600 -99.0%
Furniture and vehicles 24 €2,357 €1,197 -€1,160 -49.2%
Other tangible fixed assets 26 €4,799 €4,799 = 0.0%
Current assets 29/58 €89,145 €111,983 +€22,839 +25.6%
Amounts receivable within one year 40/41 €82,417 €103,886 +€21,469 +26.0%
Trade receivables 40 €4,635 €728 -€3,907 -84.3%
Other amounts receivable 41 €77,782 €103,158 +€25,376 +32.6%
Cash at bank and in hand 54/58 €4,428 €6,921 +€2,493 +56.3%
Deferred charges and accrued income 490/1 €2,300 €1,177 -€1,124 -48.8%
Total equity and liabilities 10/49 €119,122 €118,201 -€921 -0.8%
Equity 10/15 €83,026 €101,771 +€18,746 +22.6%
Contributions 10/11 €6,200 €6,200 = 0.0%
Profit (loss) carried forward 14 €76,826 €95,571 +€18,746 +24.4%
Amounts payable 17/49 €36,096 €16,429 -€19,667 -54.5%
Amounts payable within one year 42/48 €36,096 €16,429 -€19,667 -54.5%
Current portion of amounts payable after more than one year 42 €2,606 - -€2,606
Trade debts 44 €4,922 €918 -€4,004 -81.4%
Suppliers 440/4 €4,922 €918 -€4,004 -81.4%
Taxes, remuneration and social security 45 €28,568 €15,512 -€13,056 -45.7%
Taxes 450/3 €28,568 €15,512 -€13,056 -45.7%
Non-recurring operating income 76A - €2,980 +€2,980
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €30,547 €25,394 -€5,153 -16.9%
Other operating charges 640/8 €2,906 €922 -€1,984 -68.3%
Gross operating margin 9900 €69,175 €50,288 -€18,887 -27.3%
Operating profit (loss) 9901 €35,721 €23,972 -€11,750 -32.9%
Financial income 75/76B €3,918 €5,204 +€1,286 +32.8%
Recurring financial income 75 €3,918 €5,204 +€1,286 +32.8%
Financial charges 65/66B €3,528 €667 -€2,862 -81.1%
Recurring financial charges 65 €3,528 €667 -€2,862 -81.1%
Profit (loss) for the period before taxes 9903 €36,111 €28,509 -€7,602 -21.1%
Income taxes 67/77 €13,481 €9,763 -€3,718 -27.6%
Profit (loss) for the period 9904 €22,630 €18,746 -€3,884 -17.2%
Profit (loss) for the period to be appropriated 9905 €22,630 €18,746 -€3,884 -17.2%

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 29 September 2026 via checked.be.