QUATROPACK: 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.
QUATROPACK
Largest movements
- Tangible fixed assets -€49,878
down €49,878 (-8.3%), from €600,764 to €550,886
- Cash +€41,564
up €41,564 (+47.6%), from €87,347 to €128,911
mainly Other debts (+€122,198) and Depreciation (+€49,878)
- Other debts +€122,198
up €122,198 (+108.4%), from €112,774 to €234,972
- Profit (loss) carried forward -€73,318
down €73,318 (-22.4%), from €326,879 to €253,561
- Short-term financial debts -€43,857
no longer reported in 2025 (was €43,857)
- Tax, wage and social debts -€11,109
down €11,109 (-52.7%), from €21,099 to €9,990
- Gross operating margin +€18,929
up €18,929 (+18.9%), from €100,397 to €119,326
- Financial charges -€1,788
down €1,788 (-80.7%), from €2,216 to €428
- Taxes -€1,782
down €1,782 (-10.9%), from €16,374 to €14,592
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 | €695,983 | €685,355 | -€10,629 | -1.5% |
| Fixed assets | 21/28 | €600,764 | €550,886 | -€49,878 | -8.3% |
| Tangible fixed assets | 22/27 | €600,764 | €550,886 | -€49,878 | -8.3% |
| Land and buildings | 22 | €600,764 | €550,886 | -€49,878 | -8.3% |
| Current assets | 29/58 | €95,219 | €134,468 | +€39,249 | +41.2% |
| Amounts receivable within one year | 40/41 | €7,872 | €5,557 | -€2,315 | -29.4% |
| Other amounts receivable | 41 | €7,872 | €5,557 | -€2,315 | -29.4% |
| Cash at bank and in hand | 54/58 | €87,347 | €128,911 | +€41,564 | +47.6% |
| Total equity and liabilities | 10/49 | €695,983 | €685,355 | -€10,629 | -1.5% |
| Equity | 10/15 | €513,704 | €440,385 | -€73,318 | -14.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €115,869 | €115,869 | = | 0.0% |
| Reserves | 13 | €52,363 | €52,363 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,504 | €20,504 | = | 0.0% |
| Distributable reserves | 133 | €31,859 | €31,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326,879 | €253,561 | -€73,318 | -22.4% |
| Amounts payable | 17/49 | €182,280 | €244,970 | +€62,690 | +34.4% |
| Amounts payable within one year | 42/48 | €182,280 | €244,970 | +€62,690 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €4,550 | - | -€4,550 | |
| Financial debts | 43 | €43,857 | - | -€43,857 | |
| Credit institutions | 430/8 | €43,857 | - | -€43,857 | |
| Trade debts | 44 | - | €8 | +€8 | |
| Suppliers | 440/4 | - | €8 | +€8 | |
| Taxes, remuneration and social security | 45 | €21,099 | €9,990 | -€11,109 | -52.7% |
| Taxes | 450/3 | €21,099 | €9,990 | -€11,109 | -52.7% |
| Other amounts payable | 47/48 | €112,774 | €234,972 | +€122,198 | +108.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,249 | €49,878 | -€371 | -0.7% |
| Other operating charges | 640/8 | €8,091 | €7,746 | -€345 | -4.3% |
| Gross operating margin | 9900 | €100,397 | €119,326 | +€18,929 | +18.9% |
| Operating profit (loss) | 9901 | €42,057 | €61,702 | +€19,645 | +46.7% |
| Financial charges | 65/66B | €2,216 | €428 | -€1,788 | -80.7% |
| Recurring financial charges | 65 | €2,216 | €428 | -€1,788 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €39,841 | €61,274 | +€21,433 | +53.8% |
| Income taxes | 67/77 | €16,374 | €14,592 | -€1,782 | -10.9% |
| Profit (loss) for the period | 9904 | €23,467 | €46,682 | +€23,215 | +98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,467 | €46,682 | +€23,215 | +98.9% |
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 9 October 2026 via checked.be.