QUATRO MANAGEMENT: what changed
QUATRO MANAGEMENT
Largest movements
- Deferred charges and accrued income -€2,279
down €2,279 (-13.8%), from €16,472 to €14,193
- Cash +€977
up €977 (+2.4%), from €40,247 to €41,223
mainly Other debts (+€24,584) and Net result for the year (+€14,874)
- Profit (loss) carried forward -€24,711
down €24,711 (-70.6%), from €34,993 to €10,283
- Other debts +€24,584
up €24,584 (+164%), from €15,000 to €39,584
- Tax, wage and social debts -€1,339
down €1,339 (-9.6%), from €13,918 to €12,579
- Trade debts -€823
down €823 (-27.7%), from €2,974 to €2,151
- Gross operating margin -€5,410
down €5,410 (-19.4%), from €27,894 to €22,485
- Financial charges +€981
up €981 (+82.7%), from €1,186 to €2,167
- Taxes -€352
down €352 (-6.6%), from €5,298 to €4,946
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 | €71,885 | €69,597 | -€2,288 | -3.2% |
| Fixed assets | 21/28 | €1,615 | €1,089 | -€525 | -32.5% |
| Tangible fixed assets | 22/27 | €1,615 | €1,089 | -€525 | -32.5% |
| Furniture and vehicles | 24 | €1,615 | €1,089 | -€525 | -32.5% |
| Current assets | 29/58 | €70,270 | €68,508 | -€1,763 | -2.5% |
| Amounts receivable within one year | 40/41 | €13,552 | €13,091 | -€461 | -3.4% |
| Trade receivables | 40 | €11,842 | €12,144 | +€301 | +2.5% |
| Other amounts receivable | 41 | €1,710 | €948 | -€762 | -44.6% |
| Cash at bank and in hand | 54/58 | €40,247 | €41,223 | +€977 | +2.4% |
| Deferred charges and accrued income | 490/1 | €16,472 | €14,193 | -€2,279 | -13.8% |
| Total equity and liabilities | 10/49 | €71,885 | €69,597 | -€2,288 | -3.2% |
| Equity | 10/15 | €39,993 | €15,283 | -€24,711 | -61.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,993 | €10,283 | -€24,711 | -70.6% |
| Amounts payable | 17/49 | €31,892 | €54,315 | +€22,423 | +70.3% |
| Amounts payable within one year | 42/48 | €31,892 | €54,315 | +€22,423 | +70.3% |
| Trade debts | 44 | €2,974 | €2,151 | -€823 | -27.7% |
| Suppliers | 440/4 | €2,974 | €2,151 | -€823 | -27.7% |
| Taxes, remuneration and social security | 45 | €13,918 | €12,579 | -€1,339 | -9.6% |
| Taxes | 450/3 | €13,918 | €12,579 | -€1,339 | -9.6% |
| Other amounts payable | 47/48 | €15,000 | €39,584 | +€24,584 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €525 | -€187 | -26.3% |
| Other operating charges | 640/8 | €63 | €58 | -€5 | -8.1% |
| Gross operating margin | 9900 | €27,894 | €22,485 | -€5,410 | -19.4% |
| Operating profit (loss) | 9901 | €27,119 | €21,901 | -€5,217 | -19.2% |
| Financial income | 75/76B | €60 | €85 | +€25 | +41.5% |
| Recurring financial income | 75 | €60 | €85 | +€25 | +41.5% |
| Financial charges | 65/66B | €1,186 | €2,167 | +€981 | +82.7% |
| Recurring financial charges | 65 | €1,186 | €2,167 | +€981 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €25,993 | €19,819 | -€6,173 | -23.8% |
| Income taxes | 67/77 | €5,298 | €4,946 | -€352 | -6.6% |
| Profit (loss) for the period | 9904 | €20,695 | €14,874 | -€5,821 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,695 | €14,874 | -€5,821 | -28.1% |
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.