QUENTHOM: 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.
QUENTHOM
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-26.4%), from €4.7m to €3.5m
- Cash -€261,960
down €261,960 (-38.1%), from €687,232 to €425,272
mainly Debts after one year (-€653,707) and Tax, wage and social debts (-€477,001)
- Receivables within one year -€226,883
down €226,883 (-95.5%), from €237,594 to €10,711
of which Trade receivables: -€221,044
- Debts after one year -€653,707
down €653,707 (-22.0%), from €3.0m to €2.3m
- Tax, wage and social debts -€477,001
down €477,001 (-84.2%), from €566,411 to €89,409
of which Taxes: -€478,446
- Short-term financial debts -€455,162
down €455,162 (-24.3%), from €1.9m to €1.4m
- Trade debts -€143,257
down €143,257 (-70.3%), from €203,891 to €60,634
- Financial charges -€64,255
down €64,255 (-47.8%), from €134,468 to €70,212
- Gross operating margin -€58,878
down €58,878 (-30.9%), from €190,749 to €131,871
- Financial income -€6,621
down €6,621 (-50.6%), from €13,084 to €6,463
- Staff costs +€2,243
up €2,243 (+3.7%), from €60,433 to €62,676
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 | €5,944,452 | €4,218,335 | -€1.7m | -29.0% |
| Fixed assets | 21/28 | €332,682 | €331,566 | -€1,116 | -0.3% |
| Tangible fixed assets | 22/27 | €283,539 | €282,423 | -€1,116 | -0.4% |
| Land and buildings | 22 | €281,250 | €281,250 | = | 0.0% |
| Plant, machinery and equipment | 23 | €44 | - | -€44 | |
| Furniture and vehicles | 24 | €818 | €570 | -€248 | -30.3% |
| Other tangible fixed assets | 26 | €1,426 | €603 | -€824 | -57.7% |
| Financial fixed assets | 28 | €49,143 | €49,143 | = | 0.0% |
| Current assets | 29/58 | €5,611,769 | €3,886,769 | -€1.7m | -30.7% |
| Stocks and contracts in progress | 3 | €4,686,000 | €3,450,000 | -€1.2m | -26.4% |
| Stocks | 30/36 | €4,686,000 | €3,450,000 | -€1.2m | -26.4% |
| Amounts receivable within one year | 40/41 | €237,594 | €10,711 | -€226,883 | -95.5% |
| Trade receivables | 40 | €221,044 | - | -€221,044 | |
| Other amounts receivable | 41 | €16,550 | €10,711 | -€5,839 | -35.3% |
| Cash at bank and in hand | 54/58 | €687,232 | €425,272 | -€261,960 | -38.1% |
| Deferred charges and accrued income | 490/1 | €943 | €786 | -€157 | -16.7% |
| Total equity and liabilities | 10/49 | €5,944,452 | €4,218,335 | -€1.7m | -29.0% |
| Equity | 10/15 | €320,285 | €322,764 | +€2,479 | +0.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €258,311 | €260,791 | +€2,479 | +1.0% |
| Non-distributable reserves | 130/1 | €46,203 | €46,203 | = | 0.0% |
| Legal reserve | 130 | €46,203 | €46,203 | = | 0.0% |
| Distributable reserves | 133 | €212,109 | €214,588 | +€2,479 | +1.2% |
| Amounts payable | 17/49 | €5,624,167 | €3,895,571 | -€1.7m | -30.7% |
| Amounts payable after more than one year | 17 | €2,977,366 | €2,323,658 | -€653,707 | -22.0% |
| Other amounts payable | 178/9 | €2,977,366 | €2,323,658 | -€653,707 | -22.0% |
| Amounts payable within one year | 42/48 | €2,646,801 | €1,571,912 | -€1.1m | -40.6% |
| Current portion of amounts payable after more than one year | 42 | - | €532 | +€532 | |
| Financial debts | 43 | €1,873,029 | €1,417,867 | -€455,162 | -24.3% |
| Credit institutions | 430/8 | €1,873,029 | €1,417,867 | -€455,162 | -24.3% |
| Trade debts | 44 | €203,891 | €60,634 | -€143,257 | -70.3% |
| Suppliers | 440/4 | €203,891 | €60,634 | -€143,257 | -70.3% |
| Taxes, remuneration and social security | 45 | €566,411 | €89,409 | -€477,001 | -84.2% |
| Taxes | 450/3 | €556,940 | €78,495 | -€478,446 | -85.9% |
| Remuneration and social security | 454/9 | €9,470 | €10,915 | +€1,444 | +15.3% |
| Other amounts payable | 47/48 | €3,470 | €3,470 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €60,433 | €62,676 | +€2,243 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,731 | €1,116 | -€614 | -35.5% |
| Other operating charges | 640/8 | €828 | €1,849 | +€1,021 | +123.4% |
| Gross operating margin | 9900 | €190,749 | €131,871 | -€58,878 | -30.9% |
| Operating profit (loss) | 9901 | €127,757 | €66,229 | -€61,528 | -48.2% |
| Financial income | 75/76B | €13,084 | €6,463 | -€6,621 | -50.6% |
| Recurring financial income | 75 | €13,084 | €6,463 | -€6,621 | -50.6% |
| Financial charges | 65/66B | €134,468 | €70,212 | -€64,255 | -47.8% |
| Recurring financial charges | 65 | €134,468 | €70,212 | -€64,255 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €6,374 | €2,479 | -€3,894 | -61.1% |
| Profit (loss) for the period | 9904 | €6,374 | €2,479 | -€3,894 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,374 | €2,479 | -€3,894 | -61.1% |
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 29 September 2026 via checked.be.