QUAZOR: 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.
QUAZOR
Largest movements
- Tangible fixed assets +€6,665
up €6,665 (+43.7%), from €15,255 to €21,919
of which Other tangible fixed assets: +€3,545
- Receivables within one year +€5,360
up €5,360 (+49.2%), from €10,895 to €16,255
of which Trade receivables: +€5,067
- Cash +€2,283
up €2,283 (+5.7%), from €40,368 to €42,651
mainly Net result for the year (+€23,252) and Trade debts (+€6,424)
- Trade debts +€6,424
up €6,424 (+586%), from €1,096 to €7,520
- Tax, wage and social debts +€4,632
up €4,632 (+47.4%), from €9,774 to €14,406
- Profit (loss) carried forward +€3,252
up €3,252 (+7.1%), from €45,647 to €48,898
- Gross operating margin +€9,873
up €9,873 (+40.0%), from €24,704 to €34,577
- Taxes +€1,509
up €1,509 (+33.9%), from €4,450 to €5,959
- Depreciation +€1,452
up €1,452 (+90.6%), from €1,604 to €3,056
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 | €66,517 | €80,825 | +€14,308 | +21.5% |
| Fixed assets | 21/28 | €15,255 | €21,919 | +€6,665 | +43.7% |
| Tangible fixed assets | 22/27 | €15,255 | €21,919 | +€6,665 | +43.7% |
| Plant, machinery and equipment | 23 | €958 | €4,078 | +€3,120 | +326% |
| Other tangible fixed assets | 26 | €14,297 | €17,841 | +€3,545 | +24.8% |
| Current assets | 29/58 | €51,262 | €58,905 | +€7,643 | +14.9% |
| Amounts receivable within one year | 40/41 | €10,895 | €16,255 | +€5,360 | +49.2% |
| Trade receivables | 40 | €10,890 | €15,957 | +€5,067 | +46.5% |
| Other amounts receivable | 41 | €5 | €298 | +€293 | +6,516% |
| Cash at bank and in hand | 54/58 | €40,368 | €42,651 | +€2,283 | +5.7% |
| Total equity and liabilities | 10/49 | €66,517 | €80,825 | +€14,308 | +21.5% |
| Equity | 10/15 | €55,647 | €58,898 | +€3,252 | +5.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,647 | €48,898 | +€3,252 | +7.1% |
| Amounts payable | 17/49 | €10,870 | €21,926 | +€11,056 | +102% |
| Amounts payable within one year | 42/48 | €10,870 | €21,926 | +€11,056 | +102% |
| Trade debts | 44 | €1,096 | €7,520 | +€6,424 | +586% |
| Suppliers | 440/4 | €1,096 | €7,520 | +€6,424 | +586% |
| Taxes, remuneration and social security | 45 | €9,774 | €14,406 | +€4,632 | +47.4% |
| Taxes | 450/3 | €9,774 | €14,406 | +€4,632 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,604 | €3,056 | +€1,452 | +90.6% |
| Other operating charges | 640/8 | €62 | €102 | +€40 | +64.5% |
| Gross operating margin | 9900 | €24,704 | €34,577 | +€9,873 | +40.0% |
| Operating profit (loss) | 9901 | €23,039 | €31,419 | +€8,380 | +36.4% |
| Financial income | 75/76B | €1 | €0 | -€0 | -31.1% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -31.1% |
| Financial charges | 65/66B | €1,881 | €2,209 | +€327 | +17.4% |
| Recurring financial charges | 65 | €1,881 | €2,209 | +€327 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €21,158 | €29,211 | +€8,053 | +38.1% |
| Income taxes | 67/77 | €4,450 | €5,959 | +€1,509 | +33.9% |
| Profit (loss) for the period | 9904 | €16,707 | €23,252 | +€6,544 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,707 | €23,252 | +€6,544 | +39.2% |
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 25 October 2026 via checked.be.