QUATRICO: 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.
QUATRICO
Largest movements
- Receivables within one year +€41,628
up €41,628 (+197%), from €21,155 to €62,783
- Debts after one year -€135,722
down €135,722 (-12.7%), from €1.1m to €929,932
- Reserves +€94,371
up €94,371 (+103%), from €91,388 to €185,759
- Tax, wage and social debts +€55,157
up €55,157 (+83.8%), from €65,795 to €120,952
- Profit (loss) carried forward +€34,563
up €34,563 (+36.6%), from €94,371 to €128,933
- Gross operating margin +€44,917
up €44,917 (+23.3%), from €193,058 to €237,975
- Purchases and services -€25,117
down €25,117 (-8.6%), from €291,097 to €265,980
- Turnover +€22,500
up €22,500 (+4.7%), from €476,700 to €499,200
- Taxes +€17,292
up €17,292 (+50.1%), from €34,508 to €51,800
- Financial charges -€6,397
down €6,397 (-10.2%), from €62,442 to €56,045
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 | €1,630,755 | €1,667,550 | +€36,794 | +2.3% |
| Formation expenses | 20 | €1,211 | €807 | -€404 | -33.3% |
| Fixed assets | 21/28 | €1,600,108 | €1,600,108 | = | 0.0% |
| Financial fixed assets | 28 | €1,600,108 | €1,600,108 | = | 0.0% |
| Current assets | 29/58 | €29,437 | €66,634 | +€37,198 | +126% |
| Amounts receivable within one year | 40/41 | €21,155 | €62,783 | +€41,628 | +197% |
| Trade receivables | 40 | €21,155 | €62,783 | +€41,628 | +197% |
| Cash at bank and in hand | 54/58 | €8,282 | €3,851 | -€4,431 | -53.5% |
| Total equity and liabilities | 10/49 | €1,630,755 | €1,667,550 | +€36,794 | +2.3% |
| Equity | 10/15 | €345,759 | €474,692 | +€128,933 | +37.3% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €91,388 | €185,759 | +€94,371 | +103% |
| Distributable reserves | 133 | €91,388 | €185,759 | +€94,371 | +103% |
| Profit (loss) carried forward | 14 | €94,371 | €128,933 | +€34,563 | +36.6% |
| Amounts payable | 17/49 | €1,284,997 | €1,192,857 | -€92,139 | -7.2% |
| Amounts payable after more than one year | 17 | €1,065,654 | €929,932 | -€135,722 | -12.7% |
| Financial debts | 170/4 | €1,065,654 | €929,932 | -€135,722 | -12.7% |
| Amounts payable within one year | 42/48 | €219,343 | €262,926 | +€43,583 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €131,325 | €135,722 | +€4,397 | +3.3% |
| Trade debts | 44 | €22,223 | €6,252 | -€15,971 | -71.9% |
| Suppliers | 440/4 | €22,223 | €6,252 | -€15,971 | -71.9% |
| Taxes, remuneration and social security | 45 | €65,795 | €120,952 | +€55,157 | +83.8% |
| Taxes | 450/3 | €65,795 | €120,952 | +€55,157 | +83.8% |
| Turnover | 70 | €476,700 | €499,200 | +€22,500 | +4.7% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €291,097 | €265,980 | -€25,117 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | €404 | = | 0.0% |
| Other operating charges | 640/8 | €1,334 | €574 | -€760 | -57.0% |
| Non-recurring operating charges | 66A | - | €220 | +€220 | |
| Gross operating margin | 9900 | €193,058 | €237,975 | +€44,917 | +23.3% |
| Operating profit (loss) | 9901 | €191,320 | €236,778 | +€45,458 | +23.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €62,442 | €56,045 | -€6,397 | -10.2% |
| Recurring financial charges | 65 | €62,442 | €56,045 | -€6,397 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €128,878 | €180,733 | +€51,855 | +40.2% |
| Income taxes | 67/77 | €34,508 | €51,800 | +€17,292 | +50.1% |
| Profit (loss) for the period | 9904 | €94,371 | €128,933 | +€34,563 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,371 | €128,933 | +€34,563 | +36.6% |
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 25 October 2026 via checked.be.