QUATTRO: what changed
Two fiscal 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.
QUATTRO
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€61,093
down €61,093 (-47.2%), from €129,453 to €68,360
mainly Current investments (-€100,000) and Receivables within one year (-€57,812)
- Receivables within one year +€57,812
up €57,812 (+177.1%), from €32,651 to €90,463
of which Trade receivables: +€90,463
- Deferred charges and accrued income -€5,519
down €5,519 (-90.6%), from €6,093 to €574
- Intangible fixed assets -€3,142
down €3,142 (-72.3%), from €4,347 to €1,205
- Accrued charges and deferred income +€137,389
up €137,389, from €0 to €137,389
- Debts within one year -€38,167
down €38,167 (-45.6%), from €83,700 to €45,533
- Profit (loss) carried forward -€9,071
down €9,071 (-15.2%), from -€59,836 to -€68,907
- Gross operating margin +€135,528
up €135,528 (+130.5%), from €103,853 to €239,381
- Turnover +€127,410
up €127,410 (+106.2%), from €120,000 to €247,410
- Staff costs +€64,287
up €64,287 (+38.3%), from €167,995 to €232,282
- Other operating charges +€13,171
new in 2025: €13,171
- Purchases and services +€5,079
up €5,079 (+30.0%), from €16,938 to €22,017
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 | €173,863 | €264,015 | +€90,152 | +51.9% |
| Fixed assets | 21/28 | €5,666 | €4,618 | -€1,048 | -18.5% |
| Intangible fixed assets | 21 | €4,347 | €1,205 | -€3,142 | -72.3% |
| Tangible fixed assets | 22/27 | €1,319 | €3,413 | +€2,094 | +158.8% |
| Plant, machinery and equipment | 23 | €1,319 | €3,413 | +€2,094 | +158.8% |
| Current assets | 29/58 | €168,197 | €259,397 | +€91,200 | +54.2% |
| Amounts receivable within one year | 40/41 | €32,651 | €90,463 | +€57,812 | +177.1% |
| Trade receivables | 40 | - | €90,463 | +€90,463 | |
| Other amounts receivable | 41 | €32,651 | - | -€32,651 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €129,453 | €68,360 | -€61,093 | -47.2% |
| Deferred charges and accrued income | 490/1 | €6,093 | €574 | -€5,519 | -90.6% |
| Total equity and liabilities | 10/49 | €173,863 | €264,015 | +€90,152 | +51.9% |
| Equity | 10/15 | €90,164 | €81,093 | -€9,071 | -10.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,836 | -€68,907 | -€9,071 | -15.2% |
| Amounts payable | 17/49 | €83,700 | €182,922 | +€99,222 | +118.5% |
| Amounts payable within one year | 42/48 | €83,700 | €45,533 | -€38,167 | -45.6% |
| Trade debts | 44 | €13,163 | €7,159 | -€6,004 | -45.6% |
| Suppliers | 440/4 | €13,163 | €7,159 | -€6,004 | -45.6% |
| Taxes, remuneration and social security | 45 | €32,813 | €38,374 | +€5,561 | +16.9% |
| Taxes | 450/3 | €2,673 | - | -€2,673 | |
| Remuneration and social security | 454/9 | €30,140 | €38,374 | +€8,234 | +27.3% |
| Accrued charges and deferred income | 492/3 | €0 | €137,389 | +€137,389 | |
| Turnover | 70 | €120,000 | €247,410 | +€127,410 | +106.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €16,938 | €22,017 | +€5,079 | +30.0% |
| Remuneration, social security and pensions | 62 | €167,995 | €232,282 | +€64,287 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,843 | €4,122 | +€279 | +7.3% |
| Other operating charges | 640/8 | - | €13,171 | +€13,171 | |
| Gross operating margin | 9900 | €103,853 | €239,381 | +€135,528 | +130.5% |
| Operating profit (loss) | 9901 | -€67,985 | -€10,194 | +€57,791 | +85.0% |
| Financial income | 75/76B | €1,764 | €1,333 | -€431 | -24.4% |
| Recurring financial income | 75 | €1,764 | €1,333 | -€431 | -24.4% |
| Financial charges | 65/66B | €44 | €44 | +€1 | +1.1% |
| Recurring financial charges | 65 | €44 | €44 | +€1 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€66,265 | -€8,905 | +€57,360 | +86.6% |
| Income taxes | 67/77 | €529 | €166 | -€363 | -68.6% |
| Profit (loss) for the period | 9904 | -€66,794 | -€9,071 | +€57,723 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,794 | -€9,071 | +€57,723 | +86.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.