QUATRI: 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.
QUATRI
Largest movements
- Current investments -€141,000
down €141,000 (-100.0%), from €141,000 to €0
- Cash +€126,576
up €126,576 (+862.4%), from €14,676 to €141,252
mainly Current investments (+€141,000) and Current portion of long-term debt (+€82,404)
- Tangible fixed assets -€93,432
down €93,432 (-8.5%), from €1.1m to €1.0m
of which Land and buildings: -€92,315
- Other debts -€147,927
down €147,927 (-26.1%), from €567,337 to €419,410
- Reserves -€112,603
down €112,603 (-17.6%), from €638,206 to €525,604
of which Tax-exempt reserves: -€112,603
- Profit (loss) carried forward +€111,881
up €111,881 (+53.2%), from -€210,161 to -€98,281
- Current portion of long-term debt +€82,404
up €82,404 (+1184.1%), from €6,959 to €89,363
- Provisions -€37,534
down €37,534 (-19.3%), from €194,089 to €156,555
- Gross operating margin -€33,644
down €33,644 (-53.6%), from €62,717 to €29,072
- Depreciation +€5,901
up €5,901 (+10.8%), from €54,676 to €60,577
- Financial charges +€1,294
up €1,294 (+54.7%), from €2,366 to €3,660
- Financial income -€1,170
down €1,170 (-50.6%), from €2,310 to €1,140
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 | €1,259,666 | €1,151,600 | -€108,066 | -8.6% |
| Fixed assets | 21/28 | €1,102,041 | €1,008,609 | -€93,432 | -8.5% |
| Tangible fixed assets | 22/27 | €1,102,041 | €1,008,609 | -€93,432 | -8.5% |
| Land and buildings | 22 | €1,095,477 | €1,003,162 | -€92,315 | -8.4% |
| Plant, machinery and equipment | 23 | €4,311 | €2,607 | -€1,704 | -39.5% |
| Furniture and vehicles | 24 | €2,253 | €2,840 | +€587 | +26.0% |
| Current assets | 29/58 | €157,626 | €142,991 | -€14,634 | -9.3% |
| Amounts receivable within one year | 40/41 | €889 | €1,383 | +€494 | +55.5% |
| Trade receivables | 40 | - | €217 | +€217 | |
| Other amounts receivable | 41 | €889 | €1,166 | +€277 | +31.2% |
| Current investments | 50/53 | €141,000 | €0 | -€141,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,676 | €141,252 | +€126,576 | +862.4% |
| Deferred charges and accrued income | 490/1 | €1,060 | €356 | -€704 | -66.4% |
| Total equity and liabilities | 10/49 | €1,259,666 | €1,151,600 | -€108,066 | -8.6% |
| Equity | 10/15 | €446,645 | €445,923 | -€722 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €638,206 | €525,604 | -€112,603 | -17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €582,268 | €469,665 | -€112,603 | -19.3% |
| Distributable reserves | 133 | €54,078 | €55,938 | +€1,860 | +3.4% |
| Profit (loss) carried forward | 14 | -€210,161 | -€98,281 | +€111,881 | +53.2% |
| Provisions and deferred taxes | 16 | €194,089 | €156,555 | -€37,534 | -19.3% |
| Deferred taxes | 168 | €194,089 | €156,555 | -€37,534 | -19.3% |
| Amounts payable | 17/49 | €618,932 | €549,122 | -€69,810 | -11.3% |
| Amounts payable after more than one year | 17 | €43,294 | €38,082 | -€5,213 | -12.0% |
| Financial debts | 170/4 | €43,294 | €38,082 | -€5,213 | -12.0% |
| Amounts payable within one year | 42/48 | €575,638 | €511,040 | -€64,598 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €6,959 | €89,363 | +€82,404 | +1184.1% |
| Trade debts | 44 | €1,028 | €2,268 | +€1,240 | +120.7% |
| Suppliers | 440/4 | €1,028 | €2,268 | +€1,240 | +120.7% |
| Taxes, remuneration and social security | 45 | €315 | €0 | -€315 | -100.0% |
| Taxes | 450/3 | €315 | €0 | -€315 | -100.0% |
| Other amounts payable | 47/48 | €567,337 | €419,410 | -€147,927 | -26.1% |
| Non-recurring operating income | 76A | €49,187 | €24,228 | -€24,959 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,676 | €60,577 | +€5,901 | +10.8% |
| Other operating charges | 640/8 | €4,084 | €4,167 | +€83 | +2.0% |
| Gross operating margin | 9900 | €62,717 | €29,072 | -€33,644 | -53.6% |
| Operating profit (loss) | 9901 | €3,956 | -€35,672 | -€39,628 | |
| Financial income | 75/76B | €2,310 | €1,140 | -€1,170 | -50.6% |
| Recurring financial income | 75 | €2,310 | €1,140 | -€1,170 | -50.6% |
| Financial charges | 65/66B | €2,366 | €3,660 | +€1,294 | +54.7% |
| Recurring financial charges | 65 | €2,366 | €3,660 | +€1,294 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €3,901 | -€38,191 | -€42,092 | |
| Transfer from deferred taxes | 780 | €35,894 | €37,534 | +€1,640 | +4.6% |
| Income taxes | 67/77 | €117 | €65 | -€52 | -44.3% |
| Profit (loss) for the period | 9904 | €39,678 | -€722 | -€40,400 | |
| Transfer from tax-exempt reserves | 789 | €107,682 | €112,603 | +€4,921 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €147,360 | €111,881 | -€35,479 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.