QUARTZIMO: 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.
QUARTZIMO
Largest movements
- Receivables within one year +€65,000
new in 2024: €65,000
- Cash -€62,446
down €62,446 (-13.2%), from €472,448 to €410,002
mainly Receivables within one year (-€65,000) and Net result for the year (-€30,415)
- Receivables after one year -€50,000
no longer reported in 2024 (was €50,000)
- Tangible fixed assets -€9,810
down €9,810 (-4.1%), from €242,090 to €232,280
- Profit (loss) carried forward -€30,415
down €30,415 (-48.4%), from -€62,805 to -€93,219
- Debts after one year -€21,893
down €21,893 (-26.9%), from €81,482 to €59,589
of which Financial debts: -€21,893
- Financial income -€17,875
down €17,875 (-97.9%), from €18,250 to €375
- Gross operating margin +€12,699
up €12,699 (+48.0%), from -€26,440 to -€13,742
- Other operating charges -€4,601
down €4,601 (-59.4%), from €7,744 to €3,143
- Financial charges -€840
down €840 (-17.0%), from €4,935 to €4,095
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €766,422 | €709,166 | -€57,256 | -7.5% |
| Fixed assets | 21/28 | €243,974 | €234,164 | -€9,810 | -4.0% |
| Tangible fixed assets | 22/27 | €242,090 | €232,280 | -€9,810 | -4.1% |
| Land and buildings | 22 | €242,090 | €232,280 | -€9,810 | -4.1% |
| Financial fixed assets | 28 | €1,884 | €1,884 | = | 0.0% |
| Current assets | 29/58 | €522,448 | €475,002 | -€47,446 | -9.1% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | - | €65,000 | +€65,000 | |
| Other amounts receivable | 41 | - | €65,000 | +€65,000 | |
| Cash at bank and in hand | 54/58 | €472,448 | €410,002 | -€62,446 | -13.2% |
| Total equity and liabilities | 10/49 | €766,422 | €709,166 | -€57,256 | -7.5% |
| Equity | 10/15 | €643,938 | €613,523 | -€30,415 | -4.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €644,743 | €644,743 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,709 | €7,709 | = | 0.0% |
| Legal reserve | 130 | €7,709 | €7,709 | = | 0.0% |
| Distributable reserves | 133 | €637,033 | €637,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,805 | -€93,219 | -€30,415 | -48.4% |
| Amounts payable | 17/49 | €122,484 | €95,643 | -€26,841 | -21.9% |
| Amounts payable after more than one year | 17 | €81,482 | €59,589 | -€21,893 | -26.9% |
| Financial debts | 170/4 | €76,648 | €54,755 | -€21,893 | -28.6% |
| Other amounts payable | 178/9 | €4,834 | €4,834 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,002 | €36,054 | -€4,949 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €21,004 | €21,893 | +€889 | +4.2% |
| Trade debts | 44 | €3,678 | €2,209 | -€1,469 | -39.9% |
| Suppliers | 440/4 | €3,678 | €2,209 | -€1,469 | -39.9% |
| Other amounts payable | 47/48 | €16,321 | €11,952 | -€4,369 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,810 | €9,810 | = | 0.0% |
| Other operating charges | 640/8 | €7,744 | €3,143 | -€4,601 | -59.4% |
| Gross operating margin | 9900 | -€26,440 | -€13,742 | +€12,699 | +48.0% |
| Operating profit (loss) | 9901 | -€43,995 | -€26,694 | +€17,300 | +39.3% |
| Financial income | 75/76B | €18,250 | €375 | -€17,875 | -97.9% |
| Recurring financial income | 75 | €18,250 | €375 | -€17,875 | -97.9% |
| Financial charges | 65/66B | €4,935 | €4,095 | -€840 | -17.0% |
| Recurring financial charges | 65 | €4,935 | €4,095 | -€840 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,680 | -€30,415 | +€265 | +0.9% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +700.0% |
| Profit (loss) for the period | 9904 | -€30,680 | -€30,415 | +€265 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,680 | -€30,415 | +€265 | +0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2023 and 31 October 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.