QUARZ: 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.
QUARZ
Largest movements
- Receivables within one year +€5,147
up €5,147 (+737.6%), from €698 to €5,845
- Cash +€3,533
up €3,533 (+280.7%), from €1,259 to €4,792
mainly Tax, wage and social debts (+€6,847) and Net result for the year (+€6,493)
- Tax, wage and social debts +€6,847
new in 2025: €6,847
- Profit (loss) carried forward +€6,493
up €6,493 (+31.2%), from -€20,826 to -€14,333
- Other debts -€4,748
down €4,748 (-58.3%), from €8,141 to €3,393
- Gross operating margin +€23,661
up €23,661, from -€16,509 to €7,151
- Depreciation -€2,527
down €2,527 (-92.3%), from €2,739 to €212
- Other operating charges -€1,190
down €1,190 (-84.6%), from €1,407 to €217
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 | €27,805 | €36,066 | +€8,261 | +29.7% |
| Fixed assets | 21/28 | €25,213 | €25,001 | -€212 | -0.8% |
| Tangible fixed assets | 22/27 | €25,213 | €25,001 | -€212 | -0.8% |
| Land and buildings | 22 | €25,213 | €25,001 | -€212 | -0.8% |
| Current assets | 29/58 | €2,592 | €11,065 | +€8,473 | +326.9% |
| Amounts receivable within one year | 40/41 | €698 | €5,845 | +€5,147 | +737.6% |
| Other amounts receivable | 41 | €698 | €5,845 | +€5,147 | +737.6% |
| Cash at bank and in hand | 54/58 | €1,259 | €4,792 | +€3,533 | +280.7% |
| Deferred charges and accrued income | 490/1 | €635 | €428 | -€207 | -32.6% |
| Total equity and liabilities | 10/49 | €27,805 | €36,066 | +€8,261 | +29.7% |
| Equity | 10/15 | €19,174 | €25,667 | +€6,493 | +33.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,826 | -€14,333 | +€6,493 | +31.2% |
| Amounts payable | 17/49 | €8,631 | €10,399 | +€1,768 | +20.5% |
| Amounts payable within one year | 42/48 | €8,631 | €10,399 | +€1,768 | +20.5% |
| Trade debts | 44 | €490 | €159 | -€331 | -67.5% |
| Suppliers | 440/4 | €490 | €159 | -€331 | -67.5% |
| Taxes, remuneration and social security | 45 | - | €6,847 | +€6,847 | |
| Taxes | 450/3 | - | €6,847 | +€6,847 | |
| Other amounts payable | 47/48 | €8,141 | €3,393 | -€4,748 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,739 | €212 | -€2,527 | -92.3% |
| Other operating charges | 640/8 | €1,407 | €217 | -€1,190 | -84.6% |
| Gross operating margin | 9900 | -€16,509 | €7,151 | +€23,661 | |
| Operating profit (loss) | 9901 | -€20,656 | €6,722 | +€27,378 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €171 | €230 | +€59 | +34.7% |
| Recurring financial charges | 65 | €171 | €230 | +€59 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,826 | €6,493 | +€27,319 | |
| Profit (loss) for the period | 9904 | -€20,826 | €6,493 | +€27,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,826 | €6,493 | +€27,319 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.