QUATRO: 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.
QUATRO
Largest movements
- Tangible fixed assets -€6,423
down €6,423 (-3.9%), from €164,022 to €157,599
- Cash -€5,417
down €5,417 (-39.9%), from €13,573 to €8,156
mainly Debts after one year (-€11,237) and Trade debts (-€1,517)
- Debts after one year -€11,237
down €11,237 (-8.5%), from €132,390 to €121,152
- Gross operating margin +€7,718
up €7,718 (+75.0%), from €10,295 to €18,013
- Financial charges -€386
down €386 (-4.4%), from €8,852 to €8,465
- Depreciation -€344
down €344 (-5.1%), from €6,767 to €6,423
- Other operating charges -€260
down €260 (-11.6%), from €2,231 to €1,971
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 | €177,595 | €166,175 | -€11,420 | -6.4% |
| Fixed assets | 21/28 | €164,022 | €157,599 | -€6,423 | -3.9% |
| Tangible fixed assets | 22/27 | €164,022 | €157,599 | -€6,423 | -3.9% |
| Land and buildings | 22 | €164,022 | €157,599 | -€6,423 | -3.9% |
| Current assets | 29/58 | €13,573 | €8,576 | -€4,997 | -36.8% |
| Amounts receivable within one year | 40/41 | - | €420 | +€420 | |
| Other amounts receivable | 41 | - | €420 | +€420 | |
| Cash at bank and in hand | 54/58 | €13,573 | €8,156 | -€5,417 | -39.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €177,595 | €166,175 | -€11,420 | -6.4% |
| Equity | 10/15 | €31,562 | €32,715 | +€1,153 | +3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,639 | €57,639 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €57,639 | €57,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,277 | -€31,124 | +€1,153 | +3.6% |
| Amounts payable | 17/49 | €146,033 | €133,460 | -€12,573 | -8.6% |
| Amounts payable after more than one year | 17 | €132,390 | €121,152 | -€11,237 | -8.5% |
| Financial debts | 170/4 | €132,390 | €121,152 | -€11,237 | -8.5% |
| Amounts payable within one year | 42/48 | €12,115 | €11,237 | -€878 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €10,598 | €11,237 | +€639 | +6.0% |
| Trade debts | 44 | €1,517 | €0 | -€1,517 | -100.0% |
| Suppliers | 440/4 | €1,517 | €0 | -€1,517 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,528 | €1,070 | -€458 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,767 | €6,423 | -€344 | -5.1% |
| Other operating charges | 640/8 | €2,231 | €1,971 | -€260 | -11.6% |
| Gross operating margin | 9900 | €10,295 | €18,013 | +€7,718 | +75.0% |
| Operating profit (loss) | 9901 | €1,297 | €9,619 | +€8,322 | +641.6% |
| Financial charges | 65/66B | €8,852 | €8,465 | -€386 | -4.4% |
| Recurring financial charges | 65 | €8,852 | €8,465 | -€386 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,555 | €1,153 | +€8,708 | |
| Profit (loss) for the period | 9904 | -€7,555 | €1,153 | +€8,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,555 | €1,153 | +€8,708 |
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 8 October 2026 via checked.be.