QUATERMASS: 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.
QUATERMASS
Largest movements
- Receivables within one year +€22,910
up €22,910 (+42.7%), from €53,643 to €76,553
of which Trade receivables: +€23,907
- Cash -€14,812
down €14,812 (-14.9%), from €99,438 to €84,626
mainly Receivables within one year (-€22,910) and Trade debts (-€3,798)
- Deferred charges and accrued income -€2,771
down €2,771 (-100%), from €2,771 to €0
- Profit (loss) carried forward +€9,520
up €9,520 (+11.9%), from €80,227 to €89,747
- Trade debts -€3,798
down €3,798 (-4.4%), from €86,705 to €82,907
- Gross operating margin +€26,468
up €26,468, from -€14,688 to €11,780
- Turnover +€20,243
up €20,243 (+19.6%), from €103,381 to €123,624
- Purchases and services +€2,493
up €2,493 (+2.0%), from €126,402 to €128,894
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 | €202,138 | €207,689 | +€5,551 | +2.7% |
| Fixed assets | 21/28 | €129 | €129 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €202,009 | €207,560 | +€5,551 | +2.7% |
| Stocks and contracts in progress | 3 | €46,157 | €46,381 | +€224 | +0.5% |
| Stocks | 30/36 | €46,157 | €46,381 | +€224 | +0.5% |
| Amounts receivable within one year | 40/41 | €53,643 | €76,553 | +€22,910 | +42.7% |
| Trade receivables | 40 | €51,837 | €75,744 | +€23,907 | +46.1% |
| Other amounts receivable | 41 | €1,807 | €809 | -€997 | -55.2% |
| Cash at bank and in hand | 54/58 | €99,438 | €84,626 | -€14,812 | -14.9% |
| Deferred charges and accrued income | 490/1 | €2,771 | €0 | -€2,771 | -100% |
| Total equity and liabilities | 10/49 | €202,138 | €207,689 | +€5,551 | +2.7% |
| Equity | 10/15 | €100,678 | €110,199 | +€9,520 | +9.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,227 | €89,747 | +€9,520 | +11.9% |
| Amounts payable | 17/49 | €101,459 | €97,490 | -€3,969 | -3.9% |
| Amounts payable within one year | 42/48 | €101,459 | €97,490 | -€3,969 | -3.9% |
| Trade debts | 44 | €86,705 | €82,907 | -€3,798 | -4.4% |
| Suppliers | 440/4 | €86,705 | €82,907 | -€3,798 | -4.4% |
| Taxes, remuneration and social security | 45 | €569 | €0 | -€569 | -100% |
| Taxes | 450/3 | €569 | €0 | -€569 | -100% |
| Other amounts payable | 47/48 | €14,186 | €14,583 | +€397 | +2.8% |
| Turnover | 70 | €103,381 | €123,624 | +€20,243 | +19.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €126,402 | €128,894 | +€2,493 | +2.0% |
| Other operating charges | 640/8 | €214 | €400 | +€186 | +87.0% |
| Non-recurring operating charges | 66A | - | €720 | +€720 | |
| Gross operating margin | 9900 | -€14,688 | €11,780 | +€26,468 | |
| Operating profit (loss) | 9901 | -€14,902 | €10,661 | +€25,562 | |
| Financial income | 75/76B | €209 | €315 | +€106 | +50.8% |
| Recurring financial income | 75 | €209 | €315 | +€106 | +50.8% |
| Financial charges | 65/66B | €582 | €1,455 | +€874 | +150% |
| Recurring financial charges | 65 | €582 | €1,455 | +€874 | +150% |
| Profit (loss) for the period before taxes | 9903 | -€15,274 | €9,520 | +€24,795 | |
| Profit (loss) for the period | 9904 | -€15,274 | €9,520 | +€24,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,274 | €9,520 | +€24,795 |
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 13 October 2026 via checked.be.