QUATRAD: 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.
QUATRAD
Largest movements
- Cash -€10,280
down €10,280 (-38.4%), from €26,784 to €16,504
mainly Tax, wage and social debts (-€12,132) and Contributions, distributions and other (-€12,000)
- Deferred charges and accrued income -€3,172
down €3,172 (-16.0%), from €19,822 to €16,650
- Tangible fixed assets -€1,868
down €1,868 (-48.6%), from €3,842 to €1,974
of which Other tangible fixed assets: -€964
- Receivables within one year +€1,691
up €1,691 (+2.2%), from €77,571 to €79,263
of which Trade receivables: +€3,425
- Tax, wage and social debts -€12,132
down €12,132 (-48.4%), from €25,059 to €12,927
- Reserves -€7,800
down €7,800 (-13.8%), from €56,472 to €48,672
of which Distributable reserves: -€7,800
- Other debts +€5,200
up €5,200 (+76.5%), from €6,800 to €12,000
- Staff costs +€3,520
new in 2025: €3,520
- Other operating charges +€2,935
up €2,935 (+211.2%), from €1,390 to €4,324
- Taxes -€2,749
down €2,749 (-49.0%), from €5,608 to €2,859
- Gross operating margin -€2,332
down €2,332 (-14.0%), from €16,710 to €14,378
- Depreciation +€857
up €857 (+51.4%), from €1,667 to €2,525
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 | €128,588 | €114,959 | -€13,629 | -10.6% |
| Fixed assets | 21/28 | €4,411 | €2,543 | -€1,868 | -42.3% |
| Tangible fixed assets | 22/27 | €3,842 | €1,974 | -€1,868 | -48.6% |
| Furniture and vehicles | 24 | €2,232 | €1,329 | -€903 | -40.5% |
| Other tangible fixed assets | 26 | €1,610 | €645 | -€964 | -59.9% |
| Financial fixed assets | 28 | €569 | €569 | = | 0.0% |
| Current assets | 29/58 | €124,177 | €112,416 | -€11,761 | -9.5% |
| Amounts receivable within one year | 40/41 | €77,571 | €79,263 | +€1,691 | +2.2% |
| Trade receivables | 40 | €17,674 | €21,099 | +€3,425 | +19.4% |
| Other amounts receivable | 41 | €59,897 | €58,164 | -€1,734 | -2.9% |
| Cash at bank and in hand | 54/58 | €26,784 | €16,504 | -€10,280 | -38.4% |
| Deferred charges and accrued income | 490/1 | €19,822 | €16,650 | -€3,172 | -16.0% |
| Total equity and liabilities | 10/49 | €128,588 | €114,959 | -€13,629 | -10.6% |
| Equity | 10/15 | €90,290 | €82,520 | -€7,769 | -8.6% |
| Contributions | 10/11 | €14,882 | €14,882 | = | 0.0% |
| Reserves | 13 | €56,472 | €48,672 | -€7,800 | -13.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,912 | €3,912 | = | 0.0% |
| Distributable reserves | 133 | €50,700 | €42,900 | -€7,800 | -15.4% |
| Profit (loss) carried forward | 14 | €18,936 | €18,967 | +€31 | +0.2% |
| Amounts payable | 17/49 | €38,298 | €32,439 | -€5,859 | -15.3% |
| Amounts payable within one year | 42/48 | €38,088 | €32,197 | -€5,891 | -15.5% |
| Trade debts | 44 | €6,229 | €7,269 | +€1,040 | +16.7% |
| Suppliers | 440/4 | €6,229 | €7,269 | +€1,040 | +16.7% |
| Taxes, remuneration and social security | 45 | €25,059 | €12,927 | -€12,132 | -48.4% |
| Taxes | 450/3 | €25,059 | €12,927 | -€12,132 | -48.4% |
| Other amounts payable | 47/48 | €6,800 | €12,000 | +€5,200 | +76.5% |
| Accrued charges and deferred income | 492/3 | €210 | €242 | +€32 | +15.2% |
| Remuneration, social security and pensions | 62 | - | €3,520 | +€3,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €2,525 | +€857 | +51.4% |
| Other operating charges | 640/8 | €1,390 | €4,324 | +€2,935 | +211.2% |
| Gross operating margin | 9900 | €16,710 | €14,378 | -€2,332 | -14.0% |
| Operating profit (loss) | 9901 | €13,653 | €4,009 | -€9,644 | -70.6% |
| Financial income | 75/76B | €4,067 | €3,607 | -€461 | -11.3% |
| Recurring financial income | 75 | €4,067 | €3,607 | -€461 | -11.3% |
| Financial charges | 65/66B | €1,255 | €526 | -€729 | -58.1% |
| Recurring financial charges | 65 | €1,255 | €526 | -€729 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €16,466 | €7,090 | -€9,376 | -56.9% |
| Income taxes | 67/77 | €5,608 | €2,859 | -€2,749 | -49.0% |
| Profit (loss) for the period | 9904 | €10,858 | €4,231 | -€6,627 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,858 | €4,231 | -€6,627 | -61.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.