Quartz Finance: 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.
Quartz Finance
Largest movements
- Financial fixed assets -€1.4m
no longer reported in 2025 (was €1.4m)
- Current investments +€290,000
new in 2025: €290,000
- Cash -€145,455
down €145,455 (-100.0%), from €145,500 to €45
mainly Other debts (-€1.2m) and Current investments (-€290,000)
- Receivables within one year +€30,000
up €30,000 (+17.6%), from €170,000 to €200,000
- Other debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Financial income -€2.0m
down €2.0m (-51.7%), from €3.8m to €1.9m
of which Financial income: -€3.6m
- Financial charges -€1.9m
down €1.9m (-100.0%), from €1.9m to €284
of which Non-recurring financial charges: -€1.9m
- Gross operating margin +€12,991
up €12,991 (+60.7%), from -€21,401 to -€8,410
- Other operating charges -€1,077
down €1,077 (-61.8%), from €1,742 to €665
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 | €1,690,880 | €490,045 | -€1.2m | -71.0% |
| Fixed assets | 21/28 | €1,374,112 | - | -€1.4m | |
| Financial fixed assets | 28 | €1,374,112 | - | -€1.4m | |
| Current assets | 29/58 | €316,768 | €490,045 | +€173,277 | +54.7% |
| Amounts receivable within one year | 40/41 | €170,000 | €200,000 | +€30,000 | +17.6% |
| Other amounts receivable | 41 | €170,000 | €200,000 | +€30,000 | +17.6% |
| Current investments | 50/53 | - | €290,000 | +€290,000 | |
| Cash at bank and in hand | 54/58 | €145,500 | €45 | -€145,455 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,268 | - | -€1,268 | |
| Total equity and liabilities | 10/49 | €1,690,880 | €490,045 | -€1.2m | -71.0% |
| Equity | 10/15 | €484,240 | €489,597 | +€5,357 | +1.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €384,240 | €384,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €81,974 | €81,974 | = | 0.0% |
| Legal reserve | 130 | €81,974 | €81,974 | = | 0.0% |
| Distributable reserves | 133 | €302,266 | €302,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,357 | +€5,357 | |
| Amounts payable | 17/49 | €1,206,640 | €448 | -€1.2m | -100.0% |
| Amounts payable within one year | 42/48 | €1,206,640 | €400 | -€1.2m | -100.0% |
| Trade debts | 44 | €6,640 | €400 | -€6,240 | -94.0% |
| Suppliers | 440/4 | €6,640 | €400 | -€6,240 | -94.0% |
| Other amounts payable | 47/48 | €1,200,000 | - | -€1.2m | |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Other operating charges | 640/8 | €1,742 | €665 | -€1,077 | -61.8% |
| Non-recurring operating charges | 66A | - | €1,839,416 | +€1.8m | |
| Gross operating margin | 9900 | -€21,401 | -€8,410 | +€12,991 | +60.7% |
| Operating profit (loss) | 9901 | -€23,143 | -€1,848,491 | -€1.8m | -7,887% |
| Financial income | 75/76B | €3,835,134 | €1,854,132 | -€2.0m | -51.7% |
| Recurring financial income | 75 | €3,627,454 | €4,132 | -€3.6m | -99.9% |
| Non-recurring financial income | 76B | €207,680 | €1,850,000 | +€1.6m | +791% |
| Financial charges | 65/66B | €1,851,978 | €284 | -€1.9m | -100.0% |
| Recurring financial charges | 65 | €1,978 | €284 | -€1,694 | -85.6% |
| Non-recurring financial charges | 66B | €1,850,000 | - | -€1.9m | |
| Profit (loss) for the period before taxes | 9903 | €1,960,013 | €5,357 | -€2.0m | -99.7% |
| Profit (loss) for the period | 9904 | €1,960,013 | €5,357 | -€2.0m | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,960,013 | €5,357 | -€2.0m | -99.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.