QUASI: 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.
What changed
QUASI
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€300,735
2024 · €847,736-€547,001
Equity
€9.0m
2024 · €8.7m+€300,735
Cash
€6,200
2024 · €12,084-€5,884
Balance sheet total
€11.2m
2024 · €11.0m+€158,117
Largest movements
Assets
- Tangible fixed assets +€142,911
up €142,911 (+12,866%), from €1,111 to €144,022
of which Furniture and vehicles: +€143,573
Equity and liabilities
- Reserves +€300,735
up €300,735 (+3.5%), from €8.6m to €8.9m
of which Distributable reserves: +€300,735
- Other debts +€275,000
up €275,000 (+275%), from €100,000 to €375,000
- Current portion of long-term debt -€251,060
down €251,060 (-36.7%), from €683,923 to €432,864
- Debts after one year -€204,263
down €204,263 (-20.2%), from €1.0m to €808,237
Income statement
- Financial income -€498,449
down €498,449 (-99.9%), from €498,929 to €481
- Services and other goods -€142,496
down €142,496 (-9.3%), from €1.5m to €1.4m
- Staff costs +€126,407
up €126,407 (+19.6%), from €644,487 to €770,894
- Turnover -€59,137
down €59,137 (-2.2%), from €2.7m to €2.6m
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.
Result 2024
€847,736
Turnover
-€59,137
Other operating income
-€10,358
Services and other goods
+€142,496
Staff costs
-€126,407
Depreciation
-€1,692
Other operating charges
-€10,195
Financial income
-€498,449
Financial charges
+€6,111
Taxes
+€10,630
Result 2025
€300,735
raises the resultlowers the result
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.
From operations
+€599,487
Investment
-€150,048
Financing
-€455,323
Cash 2024
€12,084
From operations (derived)
+€599,487
Net result for the year
+€300,735
Depreciation
+€7,071
Receivables within one year
+€11,976
Deferred charges and accrued income
-€33,001
Trade debts
+€75,575
Tax, wage and social debts
-€48,087
Other debts
+€275,000
Accrued charges and deferred income
+€10,217
Investment (derived)
-€150,048
Investment in fixed assets (net)
-€150,048
Financing
-€455,323
Debts after one year
-€204,263
Current portion of long-term debt
-€251,060
Cash 2025
€6,200
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,038,372 | €11,196,489 | +€158,117 | +1.4% |
| Fixed assets | 21/28 | €10,562,097 | €10,705,073 | +€142,976 | +1.4% |
| Tangible fixed assets | 22/27 | €1,111 | €144,022 | +€142,911 | +12,866% |
| Plant, machinery and equipment | 23 | €1,111 | €450 | -€661 | -59.5% |
| Furniture and vehicles | 24 | - | €143,573 | +€143,573 | |
| Financial fixed assets | 28 | €10,560,986 | €10,561,051 | +€65 | 0.0% |
| Affiliated companies | 280/1 | €10,560,986 | €10,560,986 | = | 0.0% |
| Participating interests | 280 | €10,560,986 | €10,560,986 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €65 | +€65 | |
| Amounts receivable and cash guarantees | 285/8 | - | €65 | +€65 | |
| Current assets | 29/58 | €476,276 | €491,416 | +€15,140 | +3.2% |
| Amounts receivable within one year | 40/41 | €462,897 | €450,921 | -€11,976 | -2.6% |
| Trade receivables | 40 | €257,893 | €353,050 | +€95,156 | +36.9% |
| Other amounts receivable | 41 | €205,004 | €97,871 | -€107,133 | -52.3% |
| Cash at bank and in hand | 54/58 | €12,084 | €6,200 | -€5,884 | -48.7% |
| Deferred charges and accrued income | 490/1 | €1,295 | €34,296 | +€33,001 | +2,549% |
| Total equity and liabilities | 10/49 | €11,038,372 | €11,196,489 | +€158,117 | +1.4% |
| Equity | 10/15 | €8,705,834 | €9,006,569 | +€300,735 | +3.5% |
| 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 | €8,605,834 | €8,906,569 | +€300,735 | +3.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,993 | €4,993 | = | 0.0% |
| Distributable reserves | 133 | €8,590,841 | €8,891,576 | +€300,735 | +3.5% |
| Amounts payable | 17/49 | €2,332,538 | €2,189,920 | -€142,618 | -6.1% |
| Amounts payable after more than one year | 17 | €1,012,500 | €808,237 | -€204,263 | -20.2% |
| Financial debts | 170/4 | €1,012,500 | €808,237 | -€204,263 | -20.2% |
| Credit institutions | 173 | €1,012,500 | €808,237 | -€204,263 | -20.2% |
| Amounts payable within one year | 42/48 | €1,319,811 | €1,371,240 | +€51,428 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €683,923 | €432,864 | -€251,060 | -36.7% |
| Trade debts | 44 | €321,601 | €397,176 | +€75,575 | +23.5% |
| Suppliers | 440/4 | €321,601 | €397,176 | +€75,575 | +23.5% |
| Taxes, remuneration and social security | 45 | €214,288 | €166,200 | -€48,087 | -22.4% |
| Taxes | 450/3 | €130,645 | €67,113 | -€63,531 | -48.6% |
| Remuneration and social security | 454/9 | €83,643 | €99,087 | +€15,444 | +18.5% |
| Other amounts payable | 47/48 | €100,000 | €375,000 | +€275,000 | +275% |
| Accrued charges and deferred income | 492/3 | €227 | €10,444 | +€10,217 | +4,506% |
| Operating income | 70/76A | €2,677,172 | €2,607,676 | -€69,496 | -2.6% |
| Turnover | 70 | €2,664,690 | €2,605,553 | -€59,137 | -2.2% |
| Other operating income | 74 | €12,482 | €2,124 | -€10,358 | -83.0% |
| Operating charges | 60/66A | €2,184,680 | €2,180,478 | -€4,202 | -0.2% |
| Services and other goods | 61 | €1,534,441 | €1,391,945 | -€142,496 | -9.3% |
| Remuneration, social security and pensions | 62 | €644,487 | €770,894 | +€126,407 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,380 | €7,071 | +€1,692 | +31.4% |
| Other operating charges | 640/8 | €373 | €10,568 | +€10,195 | +2,735% |
| Operating profit (loss) | 9901 | €492,492 | €427,198 | -€65,293 | -13.3% |
| Financial income | 75/76B | €498,929 | €481 | -€498,449 | -99.9% |
| Recurring financial income | 75 | €498,929 | €481 | -€498,449 | -99.9% |
| Income from financial fixed assets | 750 | €498,929 | - | -€498,929 | |
| Income from current assets | 751 | - | €481 | +€481 | |
| Financial charges | 65/66B | €22,293 | €16,183 | -€6,111 | -27.4% |
| Recurring financial charges | 65 | €22,293 | €16,183 | -€6,111 | -27.4% |
| Debt charges | 650 | €22,293 | €16,183 | -€6,111 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €969,128 | €411,497 | -€557,631 | -57.5% |
| Income taxes | 67/77 | €121,391 | €110,762 | -€10,630 | -8.8% |
| Taxes | 670/3 | €121,391 | €110,762 | -€10,630 | -8.8% |
| Profit (loss) for the period | 9904 | €847,736 | €300,735 | -€547,001 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €847,736 | €300,735 | -€547,001 | -64.5% |
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 19 October 2026 via checked.be.