QUARTIMMO: 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
QUARTIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€46,662
2024 · €51,740-€5,077
Equity
€335,247
2024 · €288,585+€46,662
Cash
€116,087
2024 · €132,471-€16,384
Balance sheet total
€2.5m
2024 · €2.5m-€49,876
Largest movements
Assets
- Tangible fixed assets -€40,465
down €40,465 (-1.7%), from €2.4m to €2.4m
Equity and liabilities
- Debts after one year -€63,564
down €63,564 (-6.1%), from €1.1m to €986,651
- Reserves +€46,662
up €46,662 (+18.0%), from €258,585 to €305,247
Income statement
- Depreciation +€3,023
up €3,023 (+3.3%), from €92,258 to €95,282
- Other operating charges +€2,789
up €2,789 (+26.7%), from €10,437 to €13,226
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
€51,740
Gross operating margin
+€1,258
Depreciation
-€3,023
Other operating charges
-€2,789
Financial income
+€26
Financial charges
+€504
Taxes
-€1,054
Result 2025
€46,662
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
+€101,494
Investment
-€54,817
Financing
-€63,061
Cash 2024
€132,471
From operations (derived)
+€101,494
Net result for the year
+€46,662
Depreciation
+€95,282
Receivables within one year
-€6,939
Deferred charges and accrued income
-€34
Trade debts
-€15,652
Tax, wage and social debts
-€17,826
Investment (derived)
-€54,817
Investment in fixed assets (net)
-€54,817
Financing
-€63,061
Debts after one year
-€63,564
Current portion of long-term debt
+€503
Cash 2025
€116,087
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,543,589 | €2,493,713 | -€49,876 | -2.0% |
| Fixed assets | 21/28 | €2,407,136 | €2,366,671 | -€40,465 | -1.7% |
| Tangible fixed assets | 22/27 | €2,407,136 | €2,366,671 | -€40,465 | -1.7% |
| Land and buildings | 22 | €2,407,136 | €2,366,671 | -€40,465 | -1.7% |
| Current assets | 29/58 | €136,453 | €127,042 | -€9,411 | -6.9% |
| Amounts receivable within one year | 40/41 | €3,192 | €10,131 | +€6,939 | +217.4% |
| Trade receivables | 40 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts receivable | 41 | €692 | €10,131 | +€9,439 | +1364.2% |
| Cash at bank and in hand | 54/58 | €132,471 | €116,087 | -€16,384 | -12.4% |
| Deferred charges and accrued income | 490/1 | €790 | €824 | +€34 | +4.3% |
| Total equity and liabilities | 10/49 | €2,543,589 | €2,493,713 | -€49,876 | -2.0% |
| Equity | 10/15 | €288,585 | €335,247 | +€46,662 | +16.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €258,585 | €305,247 | +€46,662 | +18.0% |
| Distributable reserves | 133 | €258,585 | €305,247 | +€46,662 | +18.0% |
| Amounts payable | 17/49 | €2,255,005 | €2,158,466 | -€96,539 | -4.3% |
| Amounts payable after more than one year | 17 | €1,050,216 | €986,651 | -€63,564 | -6.1% |
| Financial debts | 170/4 | €1,050,216 | €986,651 | -€63,564 | -6.1% |
| Amounts payable within one year | 42/48 | €1,204,789 | €1,171,814 | -€32,974 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €63,061 | €63,564 | +€503 | +0.8% |
| Trade debts | 44 | €15,652 | €0 | -€15,652 | -100.0% |
| Suppliers | 440/4 | €15,652 | €0 | -€15,652 | -100.0% |
| Taxes, remuneration and social security | 45 | €17,826 | €0 | -€17,826 | -100.0% |
| Taxes | 450/3 | €17,826 | €0 | -€17,826 | -100.0% |
| Other amounts payable | 47/48 | €1,108,250 | €1,108,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,258 | €95,282 | +€3,023 | +3.3% |
| Other operating charges | 640/8 | €10,437 | €13,226 | +€2,789 | +26.7% |
| Gross operating margin | 9900 | €209,468 | €210,727 | +€1,258 | +0.6% |
| Operating profit (loss) | 9901 | €106,773 | €102,219 | -€4,554 | -4.3% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €42,451 | €41,947 | -€504 | -1.2% |
| Recurring financial charges | 65 | €42,451 | €41,947 | -€504 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €64,322 | €60,299 | -€4,024 | -6.3% |
| Income taxes | 67/77 | €12,582 | €13,636 | +€1,054 | +8.4% |
| Profit (loss) for the period | 9904 | €51,740 | €46,662 | -€5,077 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,740 | €46,662 | -€5,077 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.