QUATRIBO: what changed
QUATRIBO
Largest movements
- Receivables within one year +€475,462
up €475,462 (+146%), from €324,975 to €800,437
of which Other amounts receivable: +€453,248
- Cash -€292,711
down €292,711 (-72.3%), from €405,096 to €112,385
mainly Advances received (-€541,046) and Receivables within one year (-€475,462)
- Stocks and contracts -€252,120
down €252,120 (-44.6%), from €565,171 to €313,051
- Tangible fixed assets +€30,641
up €30,641 (+43.8%), from €69,884 to €100,525
of which Furniture and vehicles: +€42,947
- Deferred charges and accrued income -€26,037
down €26,037 (-81.8%), from €31,825 to €5,788
- Advances received -€541,046
no longer reported in 2025 (was €541,046)
- Other debts +€463,089
up €463,089 (+277%), from €167,126 to €630,215
- Profit (loss) carried forward -€75,582
down €75,582 (-15.2%), from €496,805 to €421,223
- Debts after one year +€32,295
up €32,295 (+1,075%), from €3,005 to €35,300
- Accrued charges and deferred income +€20,733
up €20,733 (+157%), from €13,217 to €33,950
- Gross operating margin +€575,159
up €575,159 (+200%), from €287,367 to €862,526
- Taxes +€122,870
up €122,870 (+3,811%), from €3,224 to €126,094
- Staff costs +€40,734
up €40,734 (+18.1%), from €224,670 to €265,404
- Financial charges +€29,779
up €29,779 (+187%), from €15,961 to €45,740
- Depreciation -€10,888
down €10,888 (-29.8%), from €36,541 to €25,653
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,396,951 | €1,332,186 | -€64,765 | -4.6% |
| Fixed assets | 21/28 | €69,884 | €100,525 | +€30,641 | +43.8% |
| Tangible fixed assets | 22/27 | €69,884 | €100,525 | +€30,641 | +43.8% |
| Plant, machinery and equipment | 23 | €63,050 | €50,744 | -€12,306 | -19.5% |
| Furniture and vehicles | 24 | €6,834 | €49,781 | +€42,947 | +628% |
| Current assets | 29/58 | €1,327,067 | €1,231,661 | -€95,406 | -7.2% |
| Stocks and contracts in progress | 3 | €565,171 | €313,051 | -€252,120 | -44.6% |
| Stocks | 30/36 | €565,171 | €313,051 | -€252,120 | -44.6% |
| Amounts receivable within one year | 40/41 | €324,975 | €800,437 | +€475,462 | +146% |
| Trade receivables | 40 | €12,899 | €35,114 | +€22,215 | +172% |
| Other amounts receivable | 41 | €312,076 | €765,323 | +€453,248 | +145% |
| Cash at bank and in hand | 54/58 | €405,096 | €112,385 | -€292,711 | -72.3% |
| Deferred charges and accrued income | 490/1 | €31,825 | €5,788 | -€26,037 | -81.8% |
| Total equity and liabilities | 10/49 | €1,396,951 | €1,332,186 | -€64,765 | -4.6% |
| Equity | 10/15 | €536,015 | €460,433 | -€75,582 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €496,805 | €421,223 | -€75,582 | -15.2% |
| Amounts payable | 17/49 | €860,936 | €871,753 | +€10,816 | +1.3% |
| Amounts payable after more than one year | 17 | €3,005 | €35,300 | +€32,295 | +1,075% |
| Financial debts | 170/4 | €3,005 | €35,300 | +€32,295 | +1,075% |
| Amounts payable within one year | 42/48 | €844,714 | €802,503 | -€42,212 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €35,957 | €45,122 | +€9,164 | +25.5% |
| Trade debts | 44 | €66,428 | €79,404 | +€12,976 | +19.5% |
| Suppliers | 440/4 | €66,428 | €79,404 | +€12,976 | +19.5% |
| Advances received on contracts in progress | 46 | €541,046 | - | -€541,046 | |
| Taxes, remuneration and social security | 45 | €34,157 | €47,761 | +€13,604 | +39.8% |
| Taxes | 450/3 | €34,157 | €29,280 | -€4,877 | -14.3% |
| Remuneration and social security | 454/9 | - | €18,481 | +€18,481 | |
| Other amounts payable | 47/48 | €167,126 | €630,215 | +€463,089 | +277% |
| Accrued charges and deferred income | 492/3 | €13,217 | €33,950 | +€20,733 | +157% |
| Remuneration, social security and pensions | 62 | €224,670 | €265,404 | +€40,734 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,541 | €25,653 | -€10,888 | -29.8% |
| Other operating charges | 640/8 | €1,604 | €2,030 | +€426 | +26.6% |
| Gross operating margin | 9900 | €287,367 | €862,526 | +€575,159 | +200% |
| Operating profit (loss) | 9901 | €24,551 | €569,438 | +€544,887 | +2,219% |
| Financial income | 75/76B | €920 | €1,814 | +€894 | +97.2% |
| Recurring financial income | 75 | €920 | €1,814 | +€894 | +97.2% |
| Financial charges | 65/66B | €15,961 | €45,740 | +€29,779 | +187% |
| Recurring financial charges | 65 | €15,961 | €45,740 | +€29,779 | +187% |
| Profit (loss) for the period before taxes | 9903 | €9,510 | €525,512 | +€516,003 | +5,426% |
| Income taxes | 67/77 | €3,224 | €126,094 | +€122,870 | +3,811% |
| Profit (loss) for the period | 9904 | €6,286 | €399,418 | +€393,133 | +6,254% |
| Profit (loss) for the period to be appropriated | 9905 | €6,286 | €399,418 | +€393,133 | +6,254% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.