QUATTROMANI: 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.
QUATTROMANI
Largest movements
- Stocks and contracts -€6,155
down €6,155 (-6.3%), from €98,369 to €92,214
- Receivables within one year +€4,973
up €4,973 (+56.6%), from €8,787 to €13,760
- Cash +€2,425
up €2,425 (+31.9%), from €7,598 to €10,022
mainly Stocks and contracts (+€6,155) and Tax, wage and social debts (+€1,698)
- Tax, wage and social debts +€1,698
up €1,698 (+80.5%), from €2,109 to €3,808
- Other debts -€1,610
down €1,610 (-15.8%), from €10,164 to €8,554
- Gross operating margin +€2,973
up €2,973, from -€599 to €2,373
- Financial charges -€369
down €369 (-43.0%), from €859 to €490
- Other operating charges -€286
down €286 (-17.7%), from €1,619 to €1,333
- Depreciation -€249
no longer reported in 2025 (was €249)
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 | €115,071 | €116,320 | +€1,249 | +1.1% |
| Current assets | 29/58 | €115,071 | €116,320 | +€1,249 | +1.1% |
| Stocks and contracts in progress | 3 | €98,369 | €92,214 | -€6,155 | -6.3% |
| Stocks | 30/36 | €98,369 | €92,214 | -€6,155 | -6.3% |
| Amounts receivable within one year | 40/41 | €8,787 | €13,760 | +€4,973 | +56.6% |
| Trade receivables | 40 | €8,787 | €13,760 | +€4,973 | +56.6% |
| Cash at bank and in hand | 54/58 | €7,598 | €10,022 | +€2,425 | +31.9% |
| Deferred charges and accrued income | 490/1 | €317 | €324 | +€6 | +2.0% |
| Total equity and liabilities | 10/49 | €115,071 | €116,320 | +€1,249 | +1.1% |
| Equity | 10/15 | €9,419 | €9,619 | +€201 | +2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,032 | -€10,832 | +€201 | +1.8% |
| Amounts payable | 17/49 | €105,652 | €106,700 | +€1,048 | +1.0% |
| Amounts payable after more than one year | 17 | €91,334 | €91,334 | = | 0.0% |
| Financial debts | 170/4 | €91,334 | €91,334 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,318 | €15,366 | +€1,048 | +7.3% |
| Trade debts | 44 | €2,045 | €3,005 | +€960 | +46.9% |
| Suppliers | 440/4 | €2,045 | €3,005 | +€960 | +46.9% |
| Taxes, remuneration and social security | 45 | €2,109 | €3,808 | +€1,698 | +80.5% |
| Taxes | 450/3 | €2,109 | €3,808 | +€1,698 | +80.5% |
| Other amounts payable | 47/48 | €10,164 | €8,554 | -€1,610 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | - | -€249 | |
| Other operating charges | 640/8 | €1,619 | €1,333 | -€286 | -17.7% |
| Gross operating margin | 9900 | -€599 | €2,373 | +€2,973 | |
| Operating profit (loss) | 9901 | -€2,467 | €1,041 | +€3,508 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +7,413% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +7,413% |
| Financial charges | 65/66B | €859 | €490 | -€369 | -43.0% |
| Recurring financial charges | 65 | €859 | €490 | -€369 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,326 | €557 | +€3,883 | |
| Income taxes | 67/77 | €348 | €356 | +€9 | +2.5% |
| Profit (loss) for the period | 9904 | -€3,674 | €201 | +€3,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,674 | €201 | +€3,874 |
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 20 October 2026 via checked.be.