QUARTZLINE: 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.
QUARTZLINE
Largest movements
- Cash -€503,591
down €503,591 (-64.1%), from €785,104 to €281,513
mainly Current investments (-€455,471) and Trade debts (-€258,825)
- Current investments +€455,471
up €455,471 (+69.2%), from €658,454 to €1.1m
- Receivables within one year +€69,325
up €69,325 (+6.9%), from €1.0m to €1.1m
of which Trade receivables: +€80,658
- Trade debts -€258,825
down €258,825 (-58.7%), from €440,836 to €182,011
- Reserves +€247,743
up €247,743 (+12.8%), from €1.9m to €2.2m
- Tax, wage and social debts +€32,525
up €32,525 (+60.8%), from €53,474 to €85,999
of which Taxes: +€32,065
- Write-downs +€31,187
up €31,187 (+310%), from €10,065 to €41,253
- Other operating charges -€27,883
down €27,883 (-96.6%), from €28,873 to €991
- Financial income +€5,636
up €5,636 (+28.4%), from €19,865 to €25,501
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 | €2,459,633 | €2,489,795 | +€30,162 | +1.2% |
| Fixed assets | 21/28 | €6,470 | €2,870 | -€3,600 | -55.6% |
| Tangible fixed assets | 22/27 | €6,470 | €2,870 | -€3,600 | -55.6% |
| Furniture and vehicles | 24 | €6,470 | €2,870 | -€3,600 | -55.6% |
| Current assets | 29/58 | €2,453,163 | €2,486,925 | +€33,762 | +1.4% |
| Amounts receivable within one year | 40/41 | €1,004,633 | €1,073,958 | +€69,325 | +6.9% |
| Trade receivables | 40 | €985,231 | €1,065,889 | +€80,658 | +8.2% |
| Other amounts receivable | 41 | €19,402 | €8,069 | -€11,333 | -58.4% |
| Current investments | 50/53 | €658,454 | €1,113,925 | +€455,471 | +69.2% |
| Cash at bank and in hand | 54/58 | €785,104 | €281,513 | -€503,591 | -64.1% |
| Deferred charges and accrued income | 490/1 | €4,972 | €17,530 | +€12,557 | +253% |
| Total equity and liabilities | 10/49 | €2,459,633 | €2,489,795 | +€30,162 | +1.2% |
| Equity | 10/15 | €1,944,903 | €2,192,647 | +€247,743 | +12.7% |
| Contributions | 10/11 | €7,445 | €7,445 | = | 0.0% |
| Reserves | 13 | €1,937,458 | €2,185,202 | +€247,743 | +12.8% |
| Distributable reserves | 133 | €1,937,458 | €2,185,202 | +€247,743 | +12.8% |
| Amounts payable | 17/49 | €514,730 | €297,149 | -€217,582 | -42.3% |
| Amounts payable within one year | 42/48 | €510,377 | €295,755 | -€214,622 | -42.1% |
| Trade debts | 44 | €440,836 | €182,011 | -€258,825 | -58.7% |
| Suppliers | 440/4 | €440,836 | €182,011 | -€258,825 | -58.7% |
| Taxes, remuneration and social security | 45 | €53,474 | €85,999 | +€32,525 | +60.8% |
| Taxes | 450/3 | €44,265 | €76,330 | +€32,065 | +72.4% |
| Remuneration and social security | 454/9 | €9,209 | €9,669 | +€460 | +5.0% |
| Other amounts payable | 47/48 | €16,067 | €27,746 | +€11,679 | +72.7% |
| Accrued charges and deferred income | 492/3 | €4,353 | €1,393 | -€2,960 | -68.0% |
| Remuneration, social security and pensions | 62 | €54,942 | €55,823 | +€881 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,600 | €3,600 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,065 | €41,253 | +€31,187 | +310% |
| Other operating charges | 640/8 | €28,873 | €991 | -€27,883 | -96.6% |
| Gross operating margin | 9900 | €438,238 | €435,286 | -€2,952 | -0.7% |
| Operating profit (loss) | 9901 | €340,758 | €333,620 | -€7,138 | -2.1% |
| Financial income | 75/76B | €19,865 | €25,501 | +€5,636 | +28.4% |
| Recurring financial income | 75 | €19,865 | €25,501 | +€5,636 | +28.4% |
| Financial charges | 65/66B | €3,357 | €1,294 | -€2,062 | -61.4% |
| Recurring financial charges | 65 | €3,357 | €1,294 | -€2,062 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €357,266 | €357,826 | +€560 | +0.2% |
| Income taxes | 67/77 | €109,980 | €110,082 | +€102 | +0.1% |
| Profit (loss) for the period | 9904 | €247,286 | €247,743 | +€458 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €247,286 | €247,743 | +€458 | +0.2% |
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 15 October 2026 via checked.be.