QUATTROCENTO: 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.
QUATTROCENTO
Largest movements
- Stocks and contracts +€688,569
up €688,569 (+8,290%), from €8,306 to €696,875
- Cash -€574,298
down €574,298 (-93.2%), from €615,924 to €41,626
mainly Stocks and contracts (-€688,569) and Trade debts (-€42,143)
- Deferred charges and accrued income -€47,500
no longer reported in 2025 (was €47,500)
- Receivables within one year -€15,214
down €15,214 (-98.1%), from €15,502 to €288
- Debts after one year +€129,630
up €129,630 (+40.5%), from €319,926 to €449,555
- Trade debts -€42,143
no longer reported in 2025 (was €42,143)
- Profit (loss) carried forward -€41,500
down €41,500 (-16.5%), from €251,422 to €209,922
- Gross operating margin -€162,555
down €162,555, from €141,186 to -€21,368
- Taxes +€15,248
up €15,248, from -€14,619 to €628
- Depreciation -€1,680
down €1,680 (-74.7%), from €2,250 to €569
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 | €692,802 | €738,789 | +€45,987 | +6.6% |
| Fixed assets | 21/28 | €569 | - | -€569 | |
| Tangible fixed assets | 22/27 | €569 | - | -€569 | |
| Furniture and vehicles | 24 | €569 | - | -€569 | |
| Current assets | 29/58 | €692,232 | €738,789 | +€46,557 | +6.7% |
| Amounts receivable after more than one year | 29 | €5,000 | - | -€5,000 | |
| Trade receivables | 290 | €5,000 | - | -€5,000 | |
| Stocks and contracts in progress | 3 | €8,306 | €696,875 | +€688,569 | +8,290% |
| Stocks | 30/36 | €8,306 | €696,875 | +€688,569 | +8,290% |
| Amounts receivable within one year | 40/41 | €15,502 | €288 | -€15,214 | -98.1% |
| Other amounts receivable | 41 | €15,502 | €288 | -€15,214 | -98.1% |
| Cash at bank and in hand | 54/58 | €615,924 | €41,626 | -€574,298 | -93.2% |
| Deferred charges and accrued income | 490/1 | €47,500 | - | -€47,500 | |
| Total equity and liabilities | 10/49 | €692,802 | €738,789 | +€45,987 | +6.6% |
| Equity | 10/15 | €319,622 | €278,122 | -€41,500 | -13.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,422 | €209,922 | -€41,500 | -16.5% |
| Amounts payable | 17/49 | €373,180 | €460,667 | +€87,487 | +23.4% |
| Amounts payable after more than one year | 17 | €319,926 | €449,555 | +€129,630 | +40.5% |
| Other amounts payable | 178/9 | €319,926 | €449,555 | +€129,630 | +40.5% |
| Amounts payable within one year | 42/48 | €53,254 | €11,112 | -€42,143 | -79.1% |
| Trade debts | 44 | €42,143 | - | -€42,143 | |
| Suppliers | 440/4 | €42,143 | - | -€42,143 | |
| Taxes, remuneration and social security | 45 | €11,112 | €11,112 | = | 0.0% |
| Taxes | 450/3 | €11,112 | €11,112 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €72 | - | -€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,250 | €569 | -€1,680 | -74.7% |
| Other operating charges | 640/8 | €2,132 | €2,178 | +€46 | +2.2% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €141,186 | -€21,368 | -€162,555 | |
| Operating profit (loss) | 9901 | €136,733 | -€25,116 | -€161,848 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15,907 | €15,756 | -€151 | -0.9% |
| Recurring financial charges | 65 | €15,907 | €15,756 | -€151 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €120,826 | -€40,872 | -€161,698 | |
| Income taxes | 67/77 | -€14,619 | €628 | +€15,248 | |
| Profit (loss) for the period | 9904 | €135,446 | -€41,500 | -€176,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,446 | -€41,500 | -€176,945 |
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 14 October 2026 via checked.be.