QUENDI: 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.
QUENDI
Largest movements
- Receivables within one year -€16,806
down €16,806 (-25.3%), from €66,508 to €49,701
of which Other amounts receivable: -€18,588
- Cash -€3,043
down €3,043 (-69.0%), from €4,410 to €1,367
mainly Contributions, distributions and other (-€68,650) and Debts after one year (-€8,556)
- Tangible fixed assets -€2,113
down €2,113 (-3.8%), from €56,166 to €54,053
of which Furniture and vehicles: -€1,985
- Contributions -€30,200
down €30,200 (-96.8%), from €31,200 to €1,000
- Reserves +€25,775
new in 2025: €25,775
- Debts after one year -€8,556
no longer reported in 2025 (was €8,556)
- Other debts -€7,417
down €7,417 (-16.2%), from €45,867 to €38,450
- Tax, wage and social debts -€1,671
down €1,671 (-4.0%), from €42,047 to €40,376
- Taxes +€5,538
up €5,538 (+22.9%), from €24,211 to €29,749
- Write-downs -€4,009
no longer reported in 2025 (was €4,009)
- Gross operating margin +€2,178
up €2,178 (+2.2%), from €97,633 to €99,811
- Other operating charges -€2,109
down €2,109 (-52.2%), from €4,044 to €1,935
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 | €128,604 | €106,457 | -€22,147 | -17.2% |
| Fixed assets | 21/28 | €56,516 | €54,403 | -€2,113 | -3.7% |
| Tangible fixed assets | 22/27 | €56,166 | €54,053 | -€2,113 | -3.8% |
| Plant, machinery and equipment | 23 | €157 | €29 | -€128 | -81.7% |
| Furniture and vehicles | 24 | €56,010 | €54,025 | -€1,985 | -3.5% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €72,088 | €52,054 | -€20,034 | -27.8% |
| Amounts receivable within one year | 40/41 | €66,508 | €49,701 | -€16,806 | -25.3% |
| Trade receivables | 40 | €21,006 | €22,788 | +€1,782 | +8.5% |
| Other amounts receivable | 41 | €45,502 | €26,914 | -€18,588 | -40.9% |
| Cash at bank and in hand | 54/58 | €4,410 | €1,367 | -€3,043 | -69.0% |
| Deferred charges and accrued income | 490/1 | €1,170 | €985 | -€185 | -15.8% |
| Total equity and liabilities | 10/49 | €128,604 | €106,457 | -€22,147 | -17.2% |
| Equity | 10/15 | €31,200 | €26,775 | -€4,425 | -14.2% |
| Contributions | 10/11 | €31,200 | €1,000 | -€30,200 | -96.8% |
| Reserves | 13 | - | €25,775 | +€25,775 | |
| Distributable reserves | 133 | - | €25,775 | +€25,775 | |
| Amounts payable | 17/49 | €97,404 | €79,682 | -€17,722 | -18.2% |
| Amounts payable after more than one year | 17 | €8,556 | - | -€8,556 | |
| Financial debts | 170/4 | €8,556 | - | -€8,556 | |
| Amounts payable within one year | 42/48 | €88,849 | €79,682 | -€9,167 | -10.3% |
| Trade debts | 44 | €934 | €856 | -€78 | -8.4% |
| Suppliers | 440/4 | €934 | €856 | -€78 | -8.4% |
| Taxes, remuneration and social security | 45 | €42,047 | €40,376 | -€1,671 | -4.0% |
| Taxes | 450/3 | €42,047 | €40,376 | -€1,671 | -4.0% |
| Other amounts payable | 47/48 | €45,867 | €38,450 | -€7,417 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,121 | €2,113 | -€8 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,009 | - | -€4,009 | |
| Other operating charges | 640/8 | €4,044 | €1,935 | -€2,109 | -52.2% |
| Gross operating margin | 9900 | €97,633 | €99,811 | +€2,178 | +2.2% |
| Operating profit (loss) | 9901 | €87,459 | €95,763 | +€8,304 | +9.5% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,232 | €1,789 | +€557 | +45.2% |
| Recurring financial charges | 65 | €1,232 | €1,789 | +€557 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €86,231 | €93,974 | +€7,744 | +9.0% |
| Income taxes | 67/77 | €24,211 | €29,749 | +€5,538 | +22.9% |
| Profit (loss) for the period | 9904 | €62,020 | €64,225 | +€2,205 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,020 | €64,225 | +€2,205 | +3.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.