QUATRUM: 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.
QUATRUM
Largest movements
- Receivables within one year +€58,817
up €58,817 (+57.7%), from €101,946 to €160,763
of which Trade receivables: +€30,615
- Cash -€14,405
down €14,405 (-24.8%), from €58,014 to €43,609
mainly Receivables within one year (-€58,817) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets -€14,356
down €14,356 (-21.8%), from €65,871 to €51,515
of which Other tangible fixed assets: -€9,425
- Other debts -€21,578
no longer reported in 2025 (was €21,578)
- Trade debts +€19,313
up €19,313 (+27.0%), from €71,507 to €90,820
- Tax, wage and social debts +€16,787
up €16,787 (+157%), from €10,716 to €27,503
- Profit (loss) carried forward +€15,238
up €15,238 (+13.6%), from €112,332 to €127,570
- Other operating charges -€13,547
down €13,547 (-86.5%), from €15,655 to €2,108
- Depreciation +€7,525
up €7,525 (+90.3%), from €8,335 to €15,860
- Gross operating margin -€2,030
down €2,030 (-2.5%), from €82,659 to €80,629
- Taxes +€1,572
up €1,572 (+9.3%), from €16,931 to €18,503
- Financial income +€1,411
new in 2025: €1,411
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 | €226,424 | €256,184 | +€29,760 | +13.1% |
| Fixed assets | 21/28 | €65,871 | €51,515 | -€14,356 | -21.8% |
| Tangible fixed assets | 22/27 | €65,871 | €51,515 | -€14,356 | -21.8% |
| Furniture and vehicles | 24 | €56,446 | €51,515 | -€4,931 | -8.7% |
| Other tangible fixed assets | 26 | €9,425 | - | -€9,425 | |
| Current assets | 29/58 | €160,553 | €204,669 | +€44,116 | +27.5% |
| Amounts receivable within one year | 40/41 | €101,946 | €160,763 | +€58,817 | +57.7% |
| Trade receivables | 40 | €74,147 | €104,762 | +€30,615 | +41.3% |
| Other amounts receivable | 41 | €27,799 | €56,001 | +€28,202 | +101% |
| Cash at bank and in hand | 54/58 | €58,014 | €43,609 | -€14,405 | -24.8% |
| Deferred charges and accrued income | 490/1 | €593 | €297 | -€296 | -49.9% |
| Total equity and liabilities | 10/49 | €226,424 | €256,184 | +€29,760 | +13.1% |
| Equity | 10/15 | €120,392 | €135,630 | +€15,238 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,332 | €127,570 | +€15,238 | +13.6% |
| Amounts payable | 17/49 | €106,032 | €120,554 | +€14,522 | +13.7% |
| Amounts payable within one year | 42/48 | €106,032 | €120,554 | +€14,522 | +13.7% |
| Trade debts | 44 | €71,507 | €90,820 | +€19,313 | +27.0% |
| Suppliers | 440/4 | €71,507 | €90,820 | +€19,313 | +27.0% |
| Advances received on contracts in progress | 46 | €2,231 | €2,231 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,716 | €27,503 | +€16,787 | +157% |
| Taxes | 450/3 | €10,716 | €27,503 | +€16,787 | +157% |
| Other amounts payable | 47/48 | €21,578 | - | -€21,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,335 | €15,860 | +€7,525 | +90.3% |
| Other operating charges | 640/8 | €15,655 | €2,108 | -€13,547 | -86.5% |
| Gross operating margin | 9900 | €82,659 | €80,629 | -€2,030 | -2.5% |
| Operating profit (loss) | 9901 | €58,669 | €62,661 | +€3,992 | +6.8% |
| Financial income | 75/76B | - | €1,411 | +€1,411 | |
| Recurring financial income | 75 | - | €1,411 | +€1,411 | |
| Financial charges | 65/66B | €423 | €331 | -€92 | -21.7% |
| Recurring financial charges | 65 | €423 | €331 | -€92 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €58,246 | €63,741 | +€5,495 | +9.4% |
| Income taxes | 67/77 | €16,931 | €18,503 | +€1,572 | +9.3% |
| Profit (loss) for the period | 9904 | €41,315 | €45,238 | +€3,923 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,315 | €45,238 | +€3,923 | +9.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.