QuartX: 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.
QuartX
Largest movements
- Receivables within one year +€111,040
up €111,040 (+298.4%), from €37,208 to €148,248
of which Other amounts receivable: +€79,270
- Tangible fixed assets +€35,054
up €35,054 (+3690.1%), from €950 to €36,004
of which Other tangible fixed assets: +€35,524
- Reserves +€112,228
up €112,228 (+104.2%), from €107,746 to €219,974
- Tax, wage and social debts +€34,980
up €34,980 (+90.5%), from €38,668 to €73,648
- Gross operating margin +€6,346
up €6,346 (+4.6%), from €138,567 to €144,913
- Financial income +€4,965
up €4,965 (+5369.2%), from €92 to €5,057
- Depreciation +€4,561
up €4,561 (+996.6%), from €458 to €5,019
- Taxes +€1,703
up €1,703 (+5.6%), from €30,281 to €31,984
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,651 | €300,029 | +€147,378 | +96.5% |
| Fixed assets | 21/28 | €950 | €36,004 | +€35,054 | +3690.1% |
| Tangible fixed assets | 22/27 | €950 | €36,004 | +€35,054 | +3690.1% |
| Plant, machinery and equipment | 23 | €950 | €481 | -€469 | -49.4% |
| Other tangible fixed assets | 26 | - | €35,524 | +€35,524 | |
| Current assets | 29/58 | €151,701 | €264,025 | +€112,324 | +74.0% |
| Amounts receivable within one year | 40/41 | €37,208 | €148,248 | +€111,040 | +298.4% |
| Trade receivables | 40 | €37,208 | €68,978 | +€31,770 | +85.4% |
| Other amounts receivable | 41 | - | €79,270 | +€79,270 | |
| Cash at bank and in hand | 54/58 | €114,494 | €115,777 | +€1,283 | +1.1% |
| Total equity and liabilities | 10/49 | €152,651 | €300,029 | +€147,378 | +96.5% |
| Equity | 10/15 | €112,746 | €224,974 | +€112,228 | +99.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,746 | €219,974 | +€112,228 | +104.2% |
| Distributable reserves | 133 | €107,746 | €219,974 | +€112,228 | +104.2% |
| Amounts payable | 17/49 | €39,905 | €75,056 | +€35,150 | +88.1% |
| Amounts payable within one year | 42/48 | €39,905 | €75,056 | +€35,150 | +88.1% |
| Trade debts | 44 | €997 | €1,408 | +€411 | +41.2% |
| Suppliers | 440/4 | €997 | €1,408 | +€411 | +41.2% |
| Taxes, remuneration and social security | 45 | €38,668 | €73,648 | +€34,980 | +90.5% |
| Taxes | 450/3 | €38,668 | €73,648 | +€34,980 | +90.5% |
| Other amounts payable | 47/48 | €240 | €0 | -€240 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €5,019 | +€4,561 | +996.6% |
| Other operating charges | 640/8 | €139 | €699 | +€560 | +401.9% |
| Gross operating margin | 9900 | €138,567 | €144,913 | +€6,346 | +4.6% |
| Operating profit (loss) | 9901 | €137,971 | €139,195 | +€1,225 | +0.9% |
| Financial income | 75/76B | €92 | €5,057 | +€4,965 | +5369.2% |
| Recurring financial income | 75 | €92 | €5,057 | +€4,965 | +5369.2% |
| Financial charges | 65/66B | €37 | €41 | +€4 | +10.7% |
| Recurring financial charges | 65 | €37 | €41 | +€4 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €138,026 | €144,212 | +€6,186 | +4.5% |
| Income taxes | 67/77 | €30,281 | €31,984 | +€1,703 | +5.6% |
| Profit (loss) for the period | 9904 | €107,746 | €112,228 | +€4,483 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,746 | €112,228 | +€4,483 | +4.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.