QUATRA: 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
QUATRA
NACE 46.332, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9.3m
2024 · €8.6m+€727,655
Equity
€37.1m
2024 · €27.8m+€9.3m
Cash
€3.0m
2024 · €5.1m-€2.0m
Balance sheet total
€131.0m
2024 · €111.1m+€19.9m
Largest movements
Assets
- Receivables within one year +€19.6m
up €19.6m (+88.4%), from €22.1m to €41.7m
of which Other amounts receivable: +€15.4m
- Tangible fixed assets +€2.3m
up €2.3m (+7.7%), from €30.4m to €32.7m
of which Other tangible fixed assets: +€2.9m
- Cash -€2.0m
down €2.0m (-40.0%), from €5.1m to €3.0m
mainly Receivables within one year (-€19.6m) and Investment in fixed assets (net) (-€10.1m)
- Financial fixed assets +€2.0m
up €2.0m (+6.5%), from €30.6m to €32.6m
of which Affiliated companies: +€1.7m
Equity and liabilities
- Reserves +€9.3m
up €9.3m (+34.6%), from €26.9m to €36.2m
of which Distributable reserves: +€11.0m
- Debts after one year -€9.2m
down €9.2m (-24.6%), from €37.5m to €28.3m
of which Financial debts: -€9.9m
- Trade debts +€7.9m
up €7.9m (+22.0%), from €35.7m to €43.6m
- Advances received +€4.9m
up €4.9m (+282.3%), from €1.7m to €6.6m
- Current portion of long-term debt +€3.6m
up €3.6m (+87.8%), from €4.1m to €7.7m
Income statement
- Turnover +€63.3m
up €63.3m (+27.1%), from €233.4m to €296.7m
- Goods and materials +€49.4m
up €49.4m (+27.0%), from €183.1m to €232.5m
of which Purchases: +€47.5m
- Services and other goods +€8.4m
up €8.4m (+23.1%), from €36.5m to €44.9m
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
€8.6m
Turnover
+€63.3m
Other operating income
-€665,549
Goods and materials
-€49.4m
Services and other goods
-€8.4m
Staff costs
+€62,553
Depreciation
-€1.2m
Write-downs
-€60,994
Other operating charges
+€31,831
Other operating items
-€2.9m
Financial income
+€576,057
Financial charges
-€338,884
Taxes
-€174,903
Result 2025
€9.3m
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.
From operations
+€13.2m
Investment
-€10.1m
Financing
-€5.2m
Cash 2024
€5.1m
From operations (derived)
+€13.2m
Net result for the year
+€9.3m
Depreciation
+€6.5m
Stocks and contracts
+€1.1m
Receivables within one year
-€19.6m
Deferred charges and accrued income
+€119,506
Provisions
-€13,489
Trade debts
+€7.9m
Tax, wage and social debts
+€304,974
Advances received
+€4.9m
Other debts
+€3.0m
Accrued charges and deferred income
-€216,056
Investment (derived)
-€10.1m
Investment in fixed assets (net)
-€10.1m
Financing
-€5.2m
Debts after one year
-€9.2m
Current portion of long-term debt
+€3.6m
Short-term financial debts
+€435,845
Cash 2025
€3.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,063,906 | €131,008,812 | +€19.9m | +18.0% |
| Fixed assets | 21/28 | €70,221,171 | €73,822,832 | +€3.6m | +5.1% |
| Intangible fixed assets | 21 | €9,237,914 | €8,516,835 | -€721,080 | -7.8% |
| Tangible fixed assets | 22/27 | €30,401,748 | €32,741,903 | +€2.3m | +7.7% |
| Land and buildings | 22 | €165,367 | €161,921 | -€3,446 | -2.1% |
| Plant, machinery and equipment | 23 | €6,331,503 | €6,525,300 | +€193,796 | +3.1% |
| Furniture and vehicles | 24 | €1,271,941 | €1,594,329 | +€322,388 | +25.3% |
| Leasing and similar rights | 25 | €10,455,573 | €10,735,007 | +€279,434 | +2.7% |
| Other tangible fixed assets | 26 | €10,478,510 | €13,421,637 | +€2.9m | +28.1% |
| Assets under construction and advance payments | 27 | €1,698,854 | €303,709 | -€1.4m | -82.1% |
| Financial fixed assets | 28 | €30,581,508 | €32,564,094 | +€2.0m | +6.5% |
| Affiliated companies | 280/1 | €30,500,000 | €32,175,000 | +€1.7m | +5.5% |
| Amounts receivable | 281 | €30,500,000 | €32,175,000 | +€1.7m | +5.5% |
| Other financial fixed assets | 284/8 | €81,508 | €389,094 | +€307,586 | +377.4% |
| Amounts receivable and cash guarantees | 285/8 | €81,508 | €389,094 | +€307,586 | +377.4% |
| Current assets | 29/58 | €40,842,735 | €57,185,980 | +€16.3m | +40.0% |
| Stocks and contracts in progress | 3 | €11,204,214 | €10,127,924 | -€1.1m | -9.6% |
| Stocks | 30/36 | €11,204,214 | €10,127,924 | -€1.1m | -9.6% |
| Raw materials and consumables | 30/31 | €1,917,574 | €2,139,164 | +€221,590 | +11.6% |
| Finished goods | 33 | €8,110,271 | €7,393,593 | -€716,678 | -8.8% |
| Goods purchased for resale | 34 | €1,176,369 | €595,167 | -€581,202 | -49.4% |
| Amounts receivable within one year | 40/41 | €22,122,225 | €41,687,836 | +€19.6m | +88.4% |
| Trade receivables | 40 | €14,273,785 | €18,430,449 | +€4.2m | +29.1% |
| Other amounts receivable | 41 | €7,848,441 | €23,257,387 | +€15.4m | +196.3% |
| Cash at bank and in hand | 54/58 | €5,067,749 | €3,041,179 | -€2.0m | -40.0% |
| Deferred charges and accrued income | 490/1 | €2,448,547 | €2,329,041 | -€119,506 | -4.9% |
| Total equity and liabilities | 10/49 | €111,063,906 | €131,008,812 | +€19.9m | +18.0% |
| Equity | 10/15 | €27,811,822 | €37,108,940 | +€9.3m | +33.4% |
| Contributions | 10/11 | €919,000 | €919,000 | = | 0.0% |
| Capital | 10 | €919,000 | €919,000 | = | 0.0% |
| Issued capital | 100 | €919,000 | €919,000 | = | 0.0% |
| Reserves | 13 | €26,892,822 | €36,189,940 | +€9.3m | +34.6% |
| Non-distributable reserves | 130/1 | €91,900 | €91,900 | = | 0.0% |
| Legal reserve | 130 | €91,900 | €91,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,531,964 | €2,807,497 | -€1.7m | -38.1% |
| Distributable reserves | 133 | €22,268,957 | €33,290,542 | +€11.0m | +49.5% |
| Provisions and deferred taxes | 16 | €237,453 | €223,964 | -€13,489 | -5.7% |
| Deferred taxes | 168 | €237,453 | €223,964 | -€13,489 | -5.7% |
| Amounts payable | 17/49 | €83,014,632 | €93,675,908 | +€10.7m | +12.8% |
| Amounts payable after more than one year | 17 | €37,514,744 | €28,294,005 | -€9.2m | -24.6% |
| Financial debts | 170/4 | €30,771,582 | €20,886,567 | -€9.9m | -32.1% |
| Leasing and similar obligations | 172 | €8,858,646 | €8,872,822 | +€14,176 | +0.2% |
| Credit institutions | 173 | €16,612,936 | €12,013,745 | -€4.6m | -27.7% |
| Other loans | 174 | €5,300,000 | €0 | -€5.3m | -100.0% |
| Advances received on contracts in progress | 176 | €6,510,662 | €7,174,937 | +€664,275 | +10.2% |
| Other amounts payable | 178/9 | €232,500 | €232,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,240,968 | €65,339,040 | +€20.1m | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €4,105,978 | €7,710,215 | +€3.6m | +87.8% |
| Financial debts | 43 | €472,916 | €908,761 | +€435,845 | +92.2% |
| Credit institutions | 430/8 | €472,916 | €908,761 | +€435,845 | +92.2% |
| Trade debts | 44 | €35,701,139 | €43,554,673 | +€7.9m | +22.0% |
| Suppliers | 440/4 | €35,701,139 | €43,554,673 | +€7.9m | +22.0% |
| Advances received on contracts in progress | 46 | €1,728,000 | €6,606,000 | +€4.9m | +282.3% |
| Taxes, remuneration and social security | 45 | €504,606 | €809,580 | +€304,974 | +60.4% |
| Taxes | 450/3 | €228,483 | €553,880 | +€325,397 | +142.4% |
| Remuneration and social security | 454/9 | €276,123 | €255,701 | -€20,422 | -7.4% |
| Other amounts payable | 47/48 | €2,728,328 | €5,749,810 | +€3.0m | +110.7% |
| Accrued charges and deferred income | 492/3 | €258,920 | €42,864 | -€216,056 | -83.4% |
| Operating income | 70/76A | €238,124,108 | €297,863,155 | +€59.7m | +25.1% |
| Turnover | 70 | €233,412,031 | €296,667,092 | +€63.3m | +27.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,104,766 | -€716,678 | -€2.8m | |
| Other operating income | 74 | €2,569,633 | €1,904,084 | -€665,549 | -25.9% |
| Non-recurring operating income | 76A | €37,678 | €8,658 | -€29,020 | -77.0% |
| Operating charges | 60/66A | €227,728,216 | €286,801,878 | +€59.1m | +25.9% |
| Goods for resale, raw materials and consumables | 60 | €183,056,309 | €232,462,564 | +€49.4m | +27.0% |
| Purchases | 600/8 | €184,613,802 | €232,102,952 | +€47.5m | +25.7% |
| Change in stocks: decrease (increase) | 609 | -€1,557,493 | €359,612 | +€1.9m | |
| Services and other goods | 61 | €36,475,888 | €44,907,557 | +€8.4m | +23.1% |
| Remuneration, social security and pensions | 62 | €2,705,550 | €2,642,997 | -€62,553 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,265,825 | €6,477,130 | +€1.2m | +23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€675 | €60,320 | +€60,994 | |
| Other operating charges | 640/8 | €219,487 | €187,656 | -€31,831 | -14.5% |
| Non-recurring operating charges | 66A | €5,832 | €63,655 | +€57,823 | +991.4% |
| Operating profit (loss) | 9901 | €10,395,892 | €11,061,277 | +€665,385 | +6.4% |
| Financial income | 75/76B | €1,722,438 | €2,298,495 | +€576,057 | +33.4% |
| Recurring financial income | 75 | €1,722,438 | €2,298,495 | +€576,057 | +33.4% |
| Income from financial fixed assets | 750 | €1,017,500 | €1,259,584 | +€242,084 | +23.8% |
| Income from current assets | 751 | €570,463 | €583,724 | +€13,261 | +2.3% |
| Other financial income | 752/9 | €134,474 | €455,187 | +€320,712 | +238.5% |
| Financial charges | 65/66B | €1,612,396 | €1,951,281 | +€338,884 | +21.0% |
| Recurring financial charges | 65 | €1,612,396 | €1,951,281 | +€338,884 | +21.0% |
| Debt charges | 650 | €1,529,830 | €1,406,943 | -€122,887 | -8.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €82,566 | €544,337 | +€461,771 | +559.3% |
| Profit (loss) for the period before taxes | 9903 | €10,505,933 | €11,408,491 | +€902,558 | +8.6% |
| Transfer from deferred taxes | 780 | €13,489 | €13,489 | +€0 | 0.0% |
| Income taxes | 67/77 | €1,949,959 | €2,124,862 | +€174,903 | +9.0% |
| Taxes | 670/3 | €1,967,643 | €2,124,933 | +€157,289 | +8.0% |
| Tax adjustments and reversals of tax provisions | 77 | €17,685 | €70 | -€17,614 | -99.6% |
| Profit (loss) for the period | 9904 | €8,569,463 | €9,297,118 | +€727,655 | +8.5% |
| Transfer from tax-exempt reserves | 789 | €40,467 | €40,467 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,609,930 | €9,337,585 | +€727,655 | +8.5% |
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 12 October 2026 via checked.be.