QUATTRO LEASE: 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.
QUATTRO LEASE
Largest movements
- Tangible fixed assets +€160,908
up €160,908 (+32.1%), from €501,609 to €662,518
of which Land and buildings: +€142,914
- Cash +€59,552
up €59,552 (+77.9%), from €76,441 to €135,994
mainly Other debts (+€210,745) and Net result for the year (+€176,089)
- Other debts +€210,745
up €210,745 (+254%), from €82,955 to €293,700
- Current portion of long-term debt -€32,979
down €32,979 (-100%), from €32,979 to €0
- Trade debts +€25,441
up €25,441 (+103%), from €24,815 to €50,257
- Gross operating margin +€125,703
up €125,703 (+126%), from €99,905 to €225,608
- Provisions +€109,671
up €109,671, from -€109,671 to €0
- Taxes -€28,822
down €28,822 (-93.7%), from €30,772 to €1,951
- Other operating charges -€18,791
down €18,791 (-76.9%), from €24,440 to €5,649
- Depreciation -€4,448
down €4,448 (-8.6%), from €52,010 to €47,561
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 | €694,866 | €917,312 | +€222,446 | +32.0% |
| Fixed assets | 21/28 | €501,609 | €662,518 | +€160,908 | +32.1% |
| Tangible fixed assets | 22/27 | €501,609 | €662,518 | +€160,908 | +32.1% |
| Land and buildings | 22 | €491,092 | €634,006 | +€142,914 | +29.1% |
| Plant, machinery and equipment | 23 | €10,518 | €9,213 | -€1,305 | -12.4% |
| Furniture and vehicles | 24 | - | €18,208 | +€18,208 | |
| Leasing and similar rights | 25 | - | €1,091 | +€1,091 | |
| Current assets | 29/58 | €193,257 | €254,794 | +€61,538 | +31.8% |
| Amounts receivable within one year | 40/41 | €106,986 | €113,281 | +€6,295 | +5.9% |
| Trade receivables | 40 | €58,991 | €78,467 | +€19,476 | +33.0% |
| Other amounts receivable | 41 | €47,995 | €34,814 | -€13,181 | -27.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €76,441 | €135,994 | +€59,552 | +77.9% |
| Deferred charges and accrued income | 490/1 | €9,829 | €5,520 | -€4,309 | -43.8% |
| Total equity and liabilities | 10/49 | €694,866 | €917,312 | +€222,446 | +32.0% |
| Equity | 10/15 | €507,612 | €513,702 | +€6,089 | +1.2% |
| Contributions | 10/11 | €184,800 | €184,800 | = | 0.0% |
| Capital | 10 | €184,800 | €184,800 | = | 0.0% |
| Issued capital | 100 | €184,800 | €184,800 | = | 0.0% |
| Reserves | 13 | €165,680 | €165,680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,480 | €18,480 | = | 0.0% |
| Legal reserve | 130 | €18,480 | €18,480 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €109,700 | €109,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,132 | €163,222 | +€6,089 | +3.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €187,254 | €403,610 | +€216,356 | +116% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €148,743 | €358,983 | +€210,239 | +141% |
| Current portion of amounts payable after more than one year | 42 | €32,979 | €0 | -€32,979 | -100% |
| Trade debts | 44 | €24,815 | €50,257 | +€25,441 | +103% |
| Suppliers | 440/4 | €24,815 | €50,257 | +€25,441 | +103% |
| Taxes, remuneration and social security | 45 | €7,993 | €15,026 | +€7,032 | +88.0% |
| Taxes | 450/3 | €7,993 | €15,026 | +€7,032 | +88.0% |
| Other amounts payable | 47/48 | €82,955 | €293,700 | +€210,745 | +254% |
| Accrued charges and deferred income | 492/3 | €38,510 | €44,627 | +€6,117 | +15.9% |
| Non-recurring operating income | 76A | - | €90,371 | +€90,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,010 | €47,561 | -€4,448 | -8.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€109,671 | €0 | +€109,671 | |
| Other operating charges | 640/8 | €24,440 | €5,649 | -€18,791 | -76.9% |
| Gross operating margin | 9900 | €99,905 | €225,608 | +€125,703 | +126% |
| Operating profit (loss) | 9901 | €133,126 | €172,397 | +€39,271 | +29.5% |
| Financial income | 75/76B | €4,554 | €7,071 | +€2,517 | +55.3% |
| Recurring financial income | 75 | €4,554 | €7,071 | +€2,517 | +55.3% |
| Financial charges | 65/66B | €3,742 | €1,429 | -€2,313 | -61.8% |
| Recurring financial charges | 65 | €3,742 | €1,429 | -€2,313 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €133,938 | €178,040 | +€44,102 | +32.9% |
| Income taxes | 67/77 | €30,772 | €1,951 | -€28,822 | -93.7% |
| Profit (loss) for the period | 9904 | €103,166 | €176,089 | +€72,923 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,166 | €176,089 | +€72,923 | +70.7% |
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 24 October 2026 via checked.be.