Quartz Holding: 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 Holding
Largest movements
- Receivables within one year -€1.7m
no longer reported in 2025 (was €1.7m)
of which Other amounts receivable: -€1.4m
- Debts after one year -€923,336
down €923,336 (-9.0%), from €10.2m to €9.3m
- Current portion of long-term debt -€508,000
no longer reported in 2025 (was €508,000)
- Profit (loss) carried forward -€335,019
down €335,019 (-1.0%), from -€33.6m to -€33.9m
- Tax, wage and social debts +€85,276
up €85,276 (+97.6%), from €87,399 to €172,675
of which Taxes: +€90,964
- Accrued charges and deferred income -€67,898
down €67,898 (-42.4%), from €160,000 to €92,101
- Financial charges -€31.8m
down €31.8m (-94.3%), from €33.7m to €1.9m
of which Non-recurring financial charges: -€33.0m
- Services and other goods -€130,051
down €130,051 (-18.2%), from €715,702 to €585,651
- Other operating income -€100,000
no longer reported in 2025 (was €100,000)
- Taxes +€88,583
up €88,583 (+21,254%), from €417 to €89,000
- Financial income -€71,071
down €71,071 (-100.0%), from €71,071 to €0
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 | €1,759,595 | €9,580 | -€1.8m | -99.5% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Affiliated companies | 280/1 | €1 | €1 | = | 0.0% |
| Participating interests | 280 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,759,594 | €9,579 | -€1.8m | -99.5% |
| Amounts receivable within one year | 40/41 | €1,743,743 | - | -€1.7m | |
| Trade receivables | 40 | €314,600 | - | -€314,600 | |
| Other amounts receivable | 41 | €1,429,143 | - | -€1.4m | |
| Cash at bank and in hand | 54/58 | €15,851 | €9,579 | -€6,272 | -39.6% |
| Total equity and liabilities | 10/49 | €1,759,595 | €9,580 | -€1.8m | -99.5% |
| Equity | 10/15 | -€9,320,511 | -€9,655,530 | -€335,019 | -3.6% |
| Contributions | 10/11 | €15,000,000 | €15,000,000 | = | 0.0% |
| Capital | 10 | €15,000,000 | €15,000,000 | = | 0.0% |
| Issued capital | 100 | €15,000,000 | €15,000,000 | = | 0.0% |
| Reserves | 13 | €9,230,921 | €9,230,921 | = | 0.0% |
| Non-distributable reserves | 130/1 | €472,120 | €472,120 | = | 0.0% |
| Legal reserve | 130 | €472,120 | €472,120 | = | 0.0% |
| Distributable reserves | 133 | €8,758,801 | €8,758,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,551,432 | -€33,886,451 | -€335,019 | -1.0% |
| Amounts payable | 17/49 | €11,080,107 | €9,665,111 | -€1.4m | -12.8% |
| Amounts payable after more than one year | 17 | €10,247,069 | €9,323,733 | -€923,336 | -9.0% |
| Financial debts | 170/4 | €10,247,069 | €9,323,733 | -€923,336 | -9.0% |
| Subordinated loans | 170 | €1,605,069 | €173,733 | -€1.4m | -89.2% |
| Credit institutions | 173 | €8,642,000 | €9,150,000 | +€508,000 | +5.9% |
| Amounts payable within one year | 42/48 | €673,038 | €249,276 | -€423,762 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €508,000 | - | -€508,000 | |
| Trade debts | 44 | €77,639 | €76,601 | -€1,038 | -1.3% |
| Suppliers | 440/4 | €77,639 | €76,601 | -€1,038 | -1.3% |
| Taxes, remuneration and social security | 45 | €87,399 | €172,675 | +€85,276 | +97.6% |
| Taxes | 450/3 | €42,248 | €133,212 | +€90,964 | +215% |
| Remuneration and social security | 454/9 | €45,151 | €39,463 | -€5,688 | -12.6% |
| Accrued charges and deferred income | 492/3 | €160,000 | €92,101 | -€67,898 | -42.4% |
| Operating income | 70/76A | €1,060,000 | €2,539,186 | +€1.5m | +140% |
| Turnover | 70 | €960,000 | €960,000 | = | 0.0% |
| Other operating income | 74 | €100,000 | - | -€100,000 | |
| Non-recurring operating income | 76A | - | €1,579,186 | +€1.6m | |
| Operating charges | 60/66A | €991,809 | €866,074 | -€125,735 | -12.7% |
| Services and other goods | 61 | €715,702 | €585,651 | -€130,051 | -18.2% |
| Remuneration, social security and pensions | 62 | €274,827 | €279,170 | +€4,343 | +1.6% |
| Other operating charges | 640/8 | €1,280 | €1,253 | -€27 | -2.1% |
| Operating profit (loss) | 9901 | €68,191 | €1,673,111 | +€1.6m | +2,354% |
| Financial income | 75/76B | €71,071 | €0 | -€71,071 | -100.0% |
| Recurring financial income | 75 | €71,071 | €0 | -€71,071 | -100.0% |
| Income from current assets | 751 | €71,071 | - | -€71,071 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €33,690,278 | €1,919,131 | -€31.8m | -94.3% |
| Recurring financial charges | 65 | €690,279 | €1,919,131 | +€1.2m | +178% |
| Debt charges | 650 | €684,551 | €552,367 | -€132,184 | -19.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €1,364,543 | +€1.4m | |
| Other financial charges | 652/9 | €5,727 | €2,220 | -€3,507 | -61.2% |
| Non-recurring financial charges | 66B | €32,999,999 | - | -€33.0m | |
| Profit (loss) for the period before taxes | 9903 | -€33,551,015 | -€246,019 | +€33.3m | +99.3% |
| Income taxes | 67/77 | €417 | €89,000 | +€88,583 | +21,254% |
| Taxes | 670/3 | €417 | €89,000 | +€88,583 | +21,254% |
| Profit (loss) for the period | 9904 | -€33,551,432 | -€335,019 | +€33.2m | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,551,432 | -€335,019 | +€33.2m | +99.0% |
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 18 October 2026 via checked.be.