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QUARTO CONSULT: 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

QUARTO CONSULT

BE 0831.924.557
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€11,106
2023 · -€729+€11,835
Equity
€93,113
2023 · €108,960-€15,847
Cash
€18,446
2023 · €22,117-€3,671
Balance sheet total
€154,241
2023 · €163,583-€9,342

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets -€15,811

    down €15,811 (-38.8%), from €40,723 to €24,912

    of which Furniture and vehicles: -€13,214

  • Receivables within one year +€7,556

    up €7,556 (+28.5%), from €26,530 to €34,086

    of which Trade receivables: +€6,506

  • Financial fixed assets +€5,000

    new in 2024: €5,000

  • Cash -€3,671

    down €3,671 (-16.6%), from €22,117 to €18,446

    mainly Contributions, distributions and other (-€26,953) and Tax, wage and social debts (-€9,115)

Equity and liabilities
  • Reserves -€15,847

    down €15,847 (-16.5%), from €95,962 to €80,115

  • Other debts +€11,619

    up €11,619 (+73.7%), from €15,768 to €27,387

  • Trade debts +€9,703

    up €9,703 (+386.2%), from €2,512 to €12,215

  • Tax, wage and social debts -€9,115

    down €9,115 (-29.7%), from €30,642 to €21,527

    of which Taxes: -€10,115

  • Current portion of long-term debt -€5,701

    no longer reported in 2024 (was €5,701)

Income statement
  • Gross operating margin +€21,636

    up €21,636 (+149.3%), from €14,489 to €36,125

  • Financial income -€8,925

    down €8,925 (-84.9%), from €10,515 to €1,590

  • Taxes +€7,621

    up €7,621 (+572.9%), from €1,330 to €8,951

  • Depreciation -€7,560

    down €7,560 (-32.3%), from €23,372 to €15,811

  • Financial charges +€496

    up €496 (+173.3%), from €286 to €782

    of which Non-recurring financial charges: +€443

From the 2023 result to the 2024 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 2023 -€729
Gross operating margin +€21,636
Depreciation +€7,560
Other operating charges -€320
Financial income -€8,925
Financial charges -€496
Taxes -€7,621
Result 2024 €11,106

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€32,947
Investment -€3,963
Financing -€32,654
Cash 2023 €22,117
Net result for the year +€11,106
Depreciation +€15,811
Receivables within one year -€7,556
Deferred charges and accrued income +€1,379
Trade debts +€9,703
Tax, wage and social debts -€9,115
Other debts +€11,619
Investment in fixed assets (net) -€5,000
Current investments +€1,037
Current portion of long-term debt -€5,701
Contributions, distributions and other -€26,953
Cash 2024 €18,446
Every line side by side 41 lines
Line Code 2023 2024 Change %
Total assets 20/58 €163,583 €154,241 -€9,342 -5.7%
Fixed assets 21/28 €40,723 €29,912 -€10,811 -26.5%
Tangible fixed assets 22/27 €40,723 €24,912 -€15,811 -38.8%
Furniture and vehicles 24 €19,391 €6,177 -€13,214 -68.1%
Other tangible fixed assets 26 €21,332 €18,735 -€2,597 -12.2%
Financial fixed assets 28 - €5,000 +€5,000
Current assets 29/58 €122,860 €124,330 +€1,469 +1.2%
Amounts receivable within one year 40/41 €26,530 €34,086 +€7,556 +28.5%
Trade receivables 40 €26,164 €32,670 +€6,506 +24.9%
Other amounts receivable 41 €367 €1,416 +€1,049 +286.1%
Current investments 50/53 €72,000 €70,963 -€1,037 -1.4%
Cash at bank and in hand 54/58 €22,117 €18,446 -€3,671 -16.6%
Deferred charges and accrued income 490/1 €2,213 €834 -€1,379 -62.3%
Total equity and liabilities 10/49 €163,583 €154,241 -€9,342 -5.7%
Equity 10/15 €108,960 €93,113 -€15,847 -14.5%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €95,962 €80,115 -€15,847 -16.5%
Distributable reserves 133 €95,962 €80,115 -€15,847 -16.5%
Profit (loss) carried forward 14 €6,798 €6,798 = 0.0%
Amounts payable 17/49 €54,623 €61,129 +€6,505 +11.9%
Amounts payable within one year 42/48 €54,623 €61,129 +€6,505 +11.9%
Current portion of amounts payable after more than one year 42 €5,701 - -€5,701
Trade debts 44 €2,512 €12,215 +€9,703 +386.2%
Suppliers 440/4 €2,512 €12,215 +€9,703 +386.2%
Taxes, remuneration and social security 45 €30,642 €21,527 -€9,115 -29.7%
Taxes 450/3 €30,642 €20,527 -€10,115 -33.0%
Remuneration and social security 454/9 - €1,000 +€1,000
Other amounts payable 47/48 €15,768 €27,387 +€11,619 +73.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €23,372 €15,811 -€7,560 -32.3%
Other operating charges 640/8 €745 €1,066 +€320 +43.0%
Gross operating margin 9900 €14,489 €36,125 +€21,636 +149.3%
Operating profit (loss) 9901 -€9,628 €19,248 +€28,876
Financial income 75/76B €10,515 €1,590 -€8,925 -84.9%
Recurring financial income 75 €10,515 €1,590 -€8,925 -84.9%
Financial charges 65/66B €286 €782 +€496 +173.3%
Recurring financial charges 65 €158 €211 +€53 +33.5%
Non-recurring financial charges 66B €128 €571 +€443 +345.7%
Profit (loss) for the period before taxes 9903 €601 €20,057 +€19,456 +3236.3%
Income taxes 67/77 €1,330 €8,951 +€7,621 +572.9%
Profit (loss) for the period 9904 -€729 €11,106 +€11,835
Profit (loss) for the period to be appropriated 9905 -€729 €11,106 +€11,835

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.