QUATTRO-PLUS: 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-PLUS
Largest movements
- Cash -€19,284
down €19,284 (-80.1%), from €24,065 to €4,782
mainly Other debts (-€23,025) and Investment in fixed assets (net) (-€12,000)
- Receivables within one year -€8,845
down €8,845 (-58.7%), from €15,067 to €6,222
of which Trade receivables: -€9,113
- Tangible fixed assets +€8,793
up €8,793 (+71.6%), from €12,285 to €21,078
of which Furniture and vehicles: +€11,250
- Stocks and contracts -€4,717
down €4,717 (-36.6%), from €12,884 to €8,166
- Other debts -€23,025
down €23,025 (-64.5%), from €35,699 to €12,674
- Tax, wage and social debts -€1,487
no longer reported in 2025 (was €1,487)
- Profit (loss) carried forward +€901
up €901 (+7.0%), from -€12,952 to -€12,050
- Gross operating margin +€6,490
up €6,490, from -€1,494 to €4,997
- Depreciation +€750
up €750 (+30.5%), from €2,457 to €3,207
- Financial charges -€453
down €453 (-57.6%), from €786 to €334
- Other operating charges +€172
up €172 (+44.8%), from €383 to €555
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 | €64,302 | €40,248 | -€24,054 | -37.4% |
| Fixed assets | 21/28 | €12,285 | €21,078 | +€8,793 | +71.6% |
| Tangible fixed assets | 22/27 | €12,285 | €21,078 | +€8,793 | +71.6% |
| Plant, machinery and equipment | 23 | €12,285 | €9,828 | -€2,457 | -20.0% |
| Furniture and vehicles | 24 | - | €11,250 | +€11,250 | |
| Current assets | 29/58 | €52,017 | €19,170 | -€32,847 | -63.1% |
| Stocks and contracts in progress | 3 | €12,884 | €8,166 | -€4,717 | -36.6% |
| Stocks | 30/36 | €12,884 | €8,166 | -€4,717 | -36.6% |
| Amounts receivable within one year | 40/41 | €15,067 | €6,222 | -€8,845 | -58.7% |
| Trade receivables | 40 | €15,067 | €5,955 | -€9,113 | -60.5% |
| Other amounts receivable | 41 | - | €267 | +€267 | |
| Cash at bank and in hand | 54/58 | €24,065 | €4,782 | -€19,284 | -80.1% |
| Total equity and liabilities | 10/49 | €64,302 | €40,248 | -€24,054 | -37.4% |
| Equity | 10/15 | €26,649 | €27,550 | +€901 | +3.4% |
| Contributions | 10/11 | €39,600 | €39,600 | = | 0.0% |
| Outside capital | 11 | €39,600 | €39,600 | = | 0.0% |
| Other | 1109/19 | €39,600 | €39,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,952 | -€12,050 | +€901 | +7.0% |
| Amounts payable | 17/49 | €37,653 | €12,698 | -€24,955 | -66.3% |
| Amounts payable within one year | 42/48 | €37,653 | €12,698 | -€24,955 | -66.3% |
| Trade debts | 44 | €468 | €24 | -€443 | -94.8% |
| Suppliers | 440/4 | €468 | €24 | -€443 | -94.8% |
| Taxes, remuneration and social security | 45 | €1,487 | - | -€1,487 | |
| Taxes | 450/3 | €1,487 | - | -€1,487 | |
| Other amounts payable | 47/48 | €35,699 | €12,674 | -€23,025 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,457 | €3,207 | +€750 | +30.5% |
| Other operating charges | 640/8 | €383 | €555 | +€172 | +44.8% |
| Gross operating margin | 9900 | -€1,494 | €4,997 | +€6,490 | |
| Operating profit (loss) | 9901 | -€4,334 | €1,235 | +€5,569 | |
| Financial charges | 65/66B | €786 | €334 | -€453 | -57.6% |
| Recurring financial charges | 65 | €786 | €334 | -€453 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,120 | €901 | +€6,021 | |
| Profit (loss) for the period | 9904 | -€5,120 | €901 | +€6,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,120 | €901 | +€6,021 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.