QUATRO DESIGN: 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.
QUATRO DESIGN
Largest movements
- Stocks and contracts +€58,161
up €58,161 (+33.2%), from €175,390 to €233,550
- Cash +€56,611
up €56,611 (+42.1%), from €134,338 to €190,949
mainly Net result for the year (+€107,839) and Other debts (+€65,167)
- Receivables within one year -€20,540
down €20,540 (-30.2%), from €67,909 to €47,369
of which Trade receivables: -€20,521
- Deferred charges and accrued income -€18,988
down €18,988 (-12.5%), from €152,340 to €133,352
- Other debts +€65,167
new in 2025: €65,167
- Debts after one year -€50,299
down €50,299 (-7.4%), from €678,739 to €628,439
- Reserves +€38,094
up €38,094 (+9.3%), from €410,512 to €448,605
- Gross operating margin +€54,179
up €54,179 (+37.2%), from €145,741 to €199,920
- Taxes +€12,640
up €12,640 (+37.0%), from €34,146 to €46,786
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 | €1,168,729 | €1,232,867 | +€64,138 | +5.5% |
| Fixed assets | 21/28 | €638,753 | €627,647 | -€11,106 | -1.7% |
| Tangible fixed assets | 22/27 | €638,753 | €627,647 | -€11,106 | -1.7% |
| Land and buildings | 22 | €624,395 | €615,084 | -€9,311 | -1.5% |
| Plant, machinery and equipment | 23 | €13,875 | €12,200 | -€1,675 | -12.1% |
| Furniture and vehicles | 24 | €483 | €362 | -€121 | -25.0% |
| Current assets | 29/58 | €529,976 | €605,220 | +€75,244 | +14.2% |
| Stocks and contracts in progress | 3 | €175,390 | €233,550 | +€58,161 | +33.2% |
| Stocks | 30/36 | €175,390 | €233,550 | +€58,161 | +33.2% |
| Amounts receivable within one year | 40/41 | €67,909 | €47,369 | -€20,540 | -30.2% |
| Trade receivables | 40 | €43,501 | €22,980 | -€20,521 | -47.2% |
| Other amounts receivable | 41 | €24,408 | €24,390 | -€19 | -0.1% |
| Cash at bank and in hand | 54/58 | €134,338 | €190,949 | +€56,611 | +42.1% |
| Deferred charges and accrued income | 490/1 | €152,340 | €133,352 | -€18,988 | -12.5% |
| Total equity and liabilities | 10/49 | €1,168,729 | €1,232,867 | +€64,138 | +5.5% |
| Equity | 10/15 | €429,230 | €467,330 | +€38,099 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €410,512 | €448,605 | +€38,094 | +9.3% |
| Non-distributable reserves | 130/1 | €410,512 | €448,605 | +€38,094 | +9.3% |
| Reserves not available under the articles | 1311 | €410,512 | €448,605 | +€38,094 | +9.3% |
| Profit (loss) carried forward | 14 | €119 | €124 | +€6 | +4.7% |
| Amounts payable | 17/49 | €739,499 | €765,537 | +€26,038 | +3.5% |
| Amounts payable after more than one year | 17 | €678,739 | €628,439 | -€50,299 | -7.4% |
| Financial debts | 170/4 | €678,739 | €628,439 | -€50,299 | -7.4% |
| Amounts payable within one year | 42/48 | €60,760 | €137,098 | +€76,337 | +126% |
| Current portion of amounts payable after more than one year | 42 | €50,299 | €50,299 | = | 0.0% |
| Trade debts | 44 | €1,387 | €5,313 | +€3,925 | +283% |
| Suppliers | 440/4 | €1,387 | €5,313 | +€3,925 | +283% |
| Advances received on contracts in progress | 46 | €0 | €524 | +€524 | |
| Taxes, remuneration and social security | 45 | €9,074 | €15,795 | +€6,721 | +74.1% |
| Taxes | 450/3 | €9,074 | €15,795 | +€6,721 | +74.1% |
| Other amounts payable | 47/48 | - | €65,167 | +€65,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,665 | €19,906 | -€758 | -3.7% |
| Other operating charges | 640/8 | €3,486 | €3,786 | +€300 | +8.6% |
| Gross operating margin | 9900 | €145,741 | €199,920 | +€54,179 | +37.2% |
| Operating profit (loss) | 9901 | €121,590 | €176,228 | +€54,637 | +44.9% |
| Financial income | 75/76B | €478 | €913 | +€435 | +91.1% |
| Recurring financial income | 75 | €478 | €913 | +€435 | +91.1% |
| Financial charges | 65/66B | €24,128 | €22,515 | -€1,613 | -6.7% |
| Recurring financial charges | 65 | €24,128 | €22,515 | -€1,613 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €97,940 | €154,625 | +€56,686 | +57.9% |
| Income taxes | 67/77 | €34,146 | €46,786 | +€12,640 | +37.0% |
| Profit (loss) for the period | 9904 | €63,793 | €107,839 | +€44,046 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,793 | €107,839 | +€44,046 | +69.0% |
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 19 October 2026 via checked.be.