QUATTRO: 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.
What changed
QUATTRO
NACE 47.120, Other non-specialised retail sale
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€20,030
2023 · -€35,522+€15,492
Equity
€388,203
2023 · €408,233-€20,030
Cash
€26,998
2023 · €26,765+€233
Balance sheet total
€630,986
2023 · €658,229-€27,243
Largest movements
Assets
- Stocks and contracts -€19,372
down €19,372 (-3.7%), from €522,763 to €503,391
- Deferred charges and accrued income -€10,625
down €10,625 (-23.0%), from €46,157 to €35,532
Equity and liabilities
- Profit (loss) carried forward -€20,030
down €20,030 (-55.0%), from -€36,413 to -€56,443
- Tax, wage and social debts -€7,920
down €7,920 (-20.8%), from €38,035 to €30,114
of which Taxes: -€5,037
Income statement
- Staff costs -€38,164
down €38,164 (-21.6%), from €176,982 to €138,819
- Gross operating margin -€17,599
down €17,599 (-11.3%), from €155,884 to €138,285
- Financial charges +€4,236
up €4,236 (+45.9%), from €9,226 to €13,462
From the 2023 result to the 2024 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.
Result 2023
-€35,522
Gross operating margin
-€17,599
Staff costs
+€38,164
Depreciation
-€898
Other operating charges
+€80
Financial income
-€19
Financial charges
-€4,236
Result 2024
-€20,030
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6,586
Investment
-€6,353
Financing
€0
Cash 2023
€26,765
From operations (derived)
+€6,586
Net result for the year
-€20,030
Depreciation
+€2,054
Stocks and contracts
+€19,372
Receivables within one year
+€1,779
Deferred charges and accrued income
+€10,625
Trade debts
-€174
Tax, wage and social debts
-€7,920
Other debts
+€293
Accrued charges and deferred income
+€589
Investment (derived)
-€6,353
Investment in fixed assets (net)
-€6,353
Cash 2024
€26,998
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,229 | €630,986 | -€27,243 | -4.1% |
| Fixed assets | 21/28 | €11,295 | €15,594 | +€4,299 | +38.1% |
| Tangible fixed assets | 22/27 | €6,315 | €10,614 | +€4,299 | +68.1% |
| Plant, machinery and equipment | 23 | €6,315 | €9,469 | +€3,154 | +49.9% |
| Furniture and vehicles | 24 | - | €1,145 | +€1,145 | |
| Financial fixed assets | 28 | €4,980 | €4,980 | = | 0.0% |
| Current assets | 29/58 | €646,934 | €615,391 | -€31,543 | -4.9% |
| Stocks and contracts in progress | 3 | €522,763 | €503,391 | -€19,372 | -3.7% |
| Stocks | 30/36 | €522,763 | €503,391 | -€19,372 | -3.7% |
| Amounts receivable within one year | 40/41 | €51,249 | €49,470 | -€1,779 | -3.5% |
| Trade receivables | 40 | €26,154 | €25,614 | -€539 | -2.1% |
| Other amounts receivable | 41 | €25,096 | €23,856 | -€1,239 | -4.9% |
| Cash at bank and in hand | 54/58 | €26,765 | €26,998 | +€233 | +0.9% |
| Deferred charges and accrued income | 490/1 | €46,157 | €35,532 | -€10,625 | -23.0% |
| Total equity and liabilities | 10/49 | €658,229 | €630,986 | -€27,243 | -4.1% |
| Equity | 10/15 | €408,233 | €388,203 | -€20,030 | -4.9% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Reserves | 13 | €221,542 | €221,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Distributable reserves | 133 | €199,232 | €199,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,413 | -€56,443 | -€20,030 | -55.0% |
| Amounts payable | 17/49 | €249,995 | €242,782 | -€7,213 | -2.9% |
| Amounts payable within one year | 42/48 | €244,806 | €237,004 | -€7,802 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €73,042 | €72,868 | -€174 | -0.2% |
| Suppliers | 440/4 | €73,042 | €72,868 | -€174 | -0.2% |
| Taxes, remuneration and social security | 45 | €38,035 | €30,114 | -€7,920 | -20.8% |
| Taxes | 450/3 | €5,615 | €578 | -€5,037 | -89.7% |
| Remuneration and social security | 454/9 | €32,420 | €29,537 | -€2,883 | -8.9% |
| Other amounts payable | 47/48 | €8,729 | €9,021 | +€293 | +3.4% |
| Accrued charges and deferred income | 492/3 | €5,190 | €5,779 | +€589 | +11.3% |
| Remuneration, social security and pensions | 62 | €176,982 | €138,819 | -€38,164 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156 | €2,054 | +€898 | +77.7% |
| Other operating charges | 640/8 | €4,061 | €3,981 | -€80 | -2.0% |
| Gross operating margin | 9900 | €155,884 | €138,285 | -€17,599 | -11.3% |
| Operating profit (loss) | 9901 | -€26,314 | -€6,569 | +€19,746 | +75.0% |
| Financial income | 75/76B | €19 | €0 | -€19 | -98.2% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -98.2% |
| Financial charges | 65/66B | €9,226 | €13,462 | +€4,236 | +45.9% |
| Recurring financial charges | 65 | €9,226 | €13,462 | +€4,236 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,522 | -€20,030 | +€15,492 | +43.6% |
| Profit (loss) for the period | 9904 | -€35,522 | -€20,030 | +€15,492 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,522 | -€20,030 | +€15,492 | +43.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.