Quavi: 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.
Quavi
Largest movements
- Cash +€53,042
up €53,042 (+52.0%), from €101,908 to €154,950
mainly Other debts (+€141,349) and Net result for the year (+€53,589)
- Tangible fixed assets +€52,860
up €52,860 (+2424.1%), from €2,181 to €55,040
of which Furniture and vehicles: +€53,778
- Current investments +€14,983
new in 2025: €14,983
- Other debts +€141,349
new in 2025: €141,349
- Reserves -€87,760
down €87,760 (-100.0%), from €87,760 to €0
- Debts after one year +€41,967
new in 2025: €41,967
- Tax, wage and social debts +€15,428
up €15,428 (+73.1%), from €21,099 to €36,527
- Current portion of long-term debt +€10,463
new in 2025: €10,463
- Gross operating margin +€18,576
up €18,576 (+31.5%), from €58,961 to €77,537
- Depreciation +€7,427
up €7,427 (+1027.2%), from €723 to €8,150
- Taxes +€2,328
up €2,328 (+19.1%), from €12,172 to €14,501
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 | €114,985 | €237,301 | +€122,316 | +106.4% |
| Fixed assets | 21/28 | €2,181 | €55,040 | +€52,860 | +2424.1% |
| Tangible fixed assets | 22/27 | €2,181 | €55,040 | +€52,860 | +2424.1% |
| Plant, machinery and equipment | 23 | €2,181 | €1,262 | -€918 | -42.1% |
| Furniture and vehicles | 24 | - | €53,778 | +€53,778 | |
| Current assets | 29/58 | €112,805 | €182,261 | +€69,456 | +61.6% |
| Amounts receivable within one year | 40/41 | €10,890 | €11,525 | +€635 | +5.8% |
| Trade receivables | 40 | €10,890 | €11,525 | +€635 | +5.8% |
| Current investments | 50/53 | - | €14,983 | +€14,983 | |
| Cash at bank and in hand | 54/58 | €101,908 | €154,950 | +€53,042 | +52.0% |
| Deferred charges and accrued income | 490/1 | €7 | €803 | +€796 | +11758.3% |
| Total equity and liabilities | 10/49 | €114,985 | €237,301 | +€122,316 | +106.4% |
| Equity | 10/15 | €92,760 | €5,000 | -€87,760 | -94.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,760 | €0 | -€87,760 | -100.0% |
| Distributable reserves | 133 | €87,760 | €0 | -€87,760 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,225 | €232,301 | +€210,076 | +945.2% |
| Amounts payable after more than one year | 17 | - | €41,967 | +€41,967 | |
| Financial debts | 170/4 | - | €41,967 | +€41,967 | |
| Amounts payable within one year | 42/48 | €22,225 | €190,334 | +€168,109 | +756.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,463 | +€10,463 | |
| Trade debts | 44 | €1,126 | €1,995 | +€869 | +77.2% |
| Suppliers | 440/4 | €1,126 | €1,995 | +€869 | +77.2% |
| Taxes, remuneration and social security | 45 | €21,099 | €36,527 | +€15,428 | +73.1% |
| Taxes | 450/3 | €21,099 | €36,527 | +€15,428 | +73.1% |
| Other amounts payable | 47/48 | - | €141,349 | +€141,349 | |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723 | €8,150 | +€7,427 | +1027.2% |
| Other operating charges | 640/8 | €203 | €517 | +€314 | +155.2% |
| Gross operating margin | 9900 | €58,961 | €77,537 | +€18,576 | +31.5% |
| Operating profit (loss) | 9901 | €58,036 | €68,869 | +€10,834 | +18.7% |
| Financial charges | 65/66B | €211 | €780 | +€568 | +269.0% |
| Recurring financial charges | 65 | €211 | €780 | +€568 | +269.0% |
| Profit (loss) for the period before taxes | 9903 | €57,824 | €68,090 | +€10,265 | +17.8% |
| Income taxes | 67/77 | €12,172 | €14,501 | +€2,328 | +19.1% |
| Profit (loss) for the period | 9904 | €45,652 | €53,589 | +€7,937 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,652 | €53,589 | +€7,937 | +17.4% |
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 3 October 2026 via checked.be.