QUENDRA: 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.
QUENDRA
Largest movements
- Cash +€910,858
up €910,858 (+231%), from €394,893 to €1.3m
mainly Net result for the year (+€421,548) and Investment in fixed assets (net) (+€409,746)
- Tangible fixed assets -€410,561
down €410,561 (-99.9%), from €410,807 to €245
of which Other tangible fixed assets: -€409,746
- Receivables within one year -€104,622
down €104,622 (-34.8%), from €300,603 to €195,981
of which Other amounts receivable: -€102,654
- Current investments -€103,191
down €103,191 (-100%), from €103,191 to €0
- Profit (loss) carried forward +€421,548
up €421,548 (+77.2%), from €546,181 to €967,729
- Tax, wage and social debts +€159,499
up €159,499 (+263%), from €60,667 to €220,166
of which Taxes: +€177,501
- Debts after one year -€122,073
down €122,073 (-100%), from €122,073 to €0
- Reserves -€110,739
down €110,739 (-31.7%), from €349,294 to €238,555
- Other debts -€98,575
down €98,575 (-100%), from €98,575 to €0
- Financial charges -€117,332
down €117,332 (-96.0%), from €122,237 to €4,905
- Taxes +€59,907
up €59,907 (+61.5%), from €97,455 to €157,362
- Financial income -€39,411
down €39,411 (-85.8%), from €45,929 to €6,518
- Staff costs -€38,513
down €38,513 (-14.3%), from €269,997 to €231,484
- Gross operating margin +€31,839
up €31,839 (+4.1%), from €777,856 to €809,695
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 | €1,211,525 | €1,502,751 | +€291,226 | +24.0% |
| Fixed assets | 21/28 | €411,581 | €1,020 | -€410,561 | -99.8% |
| Tangible fixed assets | 22/27 | €410,807 | €245 | -€410,561 | -99.9% |
| Plant, machinery and equipment | 23 | €1,061 | €245 | -€815 | -76.9% |
| Other tangible fixed assets | 26 | €409,746 | €0 | -€409,746 | -100% |
| Financial fixed assets | 28 | €775 | €775 | = | 0.0% |
| Current assets | 29/58 | €799,944 | €1,501,731 | +€701,787 | +87.7% |
| Amounts receivable within one year | 40/41 | €300,603 | €195,981 | -€104,622 | -34.8% |
| Trade receivables | 40 | €192,320 | €190,351 | -€1,969 | -1.0% |
| Other amounts receivable | 41 | €108,283 | €5,630 | -€102,654 | -94.8% |
| Current investments | 50/53 | €103,191 | €0 | -€103,191 | -100% |
| Cash at bank and in hand | 54/58 | €394,893 | €1,305,750 | +€910,858 | +231% |
| Deferred charges and accrued income | 490/1 | €1,257 | €0 | -€1,257 | -100% |
| Total equity and liabilities | 10/49 | €1,211,525 | €1,502,751 | +€291,226 | +24.0% |
| Equity | 10/15 | €901,675 | €1,212,484 | +€310,809 | +34.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €349,294 | €238,555 | -€110,739 | -31.7% |
| Distributable reserves | 133 | €349,294 | €238,555 | -€110,739 | -31.7% |
| Profit (loss) carried forward | 14 | €546,181 | €967,729 | +€421,548 | +77.2% |
| Amounts payable | 17/49 | €309,850 | €290,267 | -€19,583 | -6.3% |
| Amounts payable after more than one year | 17 | €122,073 | €0 | -€122,073 | -100% |
| Other amounts payable | 178/9 | €122,073 | €0 | -€122,073 | -100% |
| Amounts payable within one year | 42/48 | €187,400 | €290,267 | +€102,867 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €19,275 | €0 | -€19,275 | -100% |
| Trade debts | 44 | €8,883 | €70,101 | +€61,218 | +689% |
| Suppliers | 440/4 | €8,883 | €70,101 | +€61,218 | +689% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €60,667 | €220,166 | +€159,499 | +263% |
| Taxes | 450/3 | €32,469 | €209,970 | +€177,501 | +547% |
| Remuneration and social security | 454/9 | €28,198 | €10,196 | -€18,002 | -63.8% |
| Other amounts payable | 47/48 | €98,575 | €0 | -€98,575 | -100% |
| Accrued charges and deferred income | 492/3 | €377 | €0 | -€377 | -100% |
| Remuneration, social security and pensions | 62 | €269,997 | €231,484 | -€38,513 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €815 | -€175 | -17.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €6,223 | €99 | -€6,124 | -98.4% |
| Gross operating margin | 9900 | €777,856 | €809,695 | +€31,839 | +4.1% |
| Operating profit (loss) | 9901 | €500,645 | €577,297 | +€76,652 | +15.3% |
| Financial income | 75/76B | €45,929 | €6,518 | -€39,411 | -85.8% |
| Recurring financial income | 75 | €45,929 | €6,518 | -€39,411 | -85.8% |
| Financial charges | 65/66B | €122,237 | €4,905 | -€117,332 | -96.0% |
| Recurring financial charges | 65 | €122,237 | €4,905 | -€117,332 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €424,337 | €578,910 | +€154,573 | +36.4% |
| Income taxes | 67/77 | €97,455 | €157,362 | +€59,907 | +61.5% |
| Profit (loss) for the period | 9904 | €326,882 | €421,548 | +€94,666 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €326,882 | €421,548 | +€94,666 | +29.0% |
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 22 October 2026 via checked.be.