QUENTIN NICKS: 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.
QUENTIN NICKS
Largest movements
- Cash +€55,436
up €55,436 (+294.8%), from €18,805 to €74,241
mainly Net result for the year (+€72,458) and Deferred charges and accrued income (+€13,256)
- Tangible fixed assets +€13,510
new in 2025: €13,510
- Deferred charges and accrued income -€13,256
down €13,256 (-45.7%), from €29,009 to €15,753
- Stocks and contracts +€3,872
up €3,872 (+517.9%), from €748 to €4,620
- Receivables within one year +€1,662
up €1,662 (+10.3%), from €16,159 to €17,821
of which Trade receivables: +€1,302
- Profit (loss) carried forward +€72,458
up €72,458 (+196.3%), from €36,915 to €109,373
- Tax, wage and social debts -€13,380
down €13,380 (-56.4%), from €23,724 to €10,344
of which Taxes: -€8,130
- Trade debts +€2,979
up €2,979 (+398.2%), from €748 to €3,727
- Gross operating margin +€46,071
up €46,071 (+99.3%), from €46,406 to €92,477
- Taxes +€9,297
up €9,297 (+98.1%), from €9,481 to €18,779
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 | €64,721 | €126,444 | +€61,723 | +95.4% |
| Fixed assets | 21/28 | - | €14,010 | +€14,010 | |
| Tangible fixed assets | 22/27 | - | €13,510 | +€13,510 | |
| Other tangible fixed assets | 26 | - | €13,510 | +€13,510 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €64,721 | €112,435 | +€47,714 | +73.7% |
| Stocks and contracts in progress | 3 | €748 | €4,620 | +€3,872 | +517.9% |
| Stocks | 30/36 | €748 | €4,620 | +€3,872 | +517.9% |
| Amounts receivable within one year | 40/41 | €16,159 | €17,821 | +€1,662 | +10.3% |
| Trade receivables | 40 | €16,159 | €17,461 | +€1,302 | +8.1% |
| Other amounts receivable | 41 | - | €359 | +€359 | |
| Cash at bank and in hand | 54/58 | €18,805 | €74,241 | +€55,436 | +294.8% |
| Deferred charges and accrued income | 490/1 | €29,009 | €15,753 | -€13,256 | -45.7% |
| Total equity and liabilities | 10/49 | €64,721 | €126,444 | +€61,723 | +95.4% |
| Equity | 10/15 | €39,915 | €112,373 | +€72,458 | +181.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,915 | €109,373 | +€72,458 | +196.3% |
| Amounts payable | 17/49 | €24,806 | €14,071 | -€10,735 | -43.3% |
| Amounts payable within one year | 42/48 | €24,472 | €14,071 | -€10,401 | -42.5% |
| Trade debts | 44 | €748 | €3,727 | +€2,979 | +398.2% |
| Suppliers | 440/4 | €748 | €3,727 | +€2,979 | +398.2% |
| Taxes, remuneration and social security | 45 | €23,724 | €10,344 | -€13,380 | -56.4% |
| Taxes | 450/3 | €18,474 | €10,344 | -€8,130 | -44.0% |
| Remuneration and social security | 454/9 | €5,250 | - | -€5,250 | |
| Accrued charges and deferred income | 492/3 | €334 | - | -€334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €431 | +€431 | |
| Other operating charges | 640/8 | - | €804 | +€804 | |
| Gross operating margin | 9900 | €46,406 | €92,477 | +€46,071 | +99.3% |
| Operating profit (loss) | 9901 | €46,406 | €91,242 | +€44,836 | +96.6% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €9 | €17 | +€8 | +87.9% |
| Recurring financial charges | 65 | €9 | €17 | +€8 | +87.9% |
| Profit (loss) for the period before taxes | 9903 | €46,396 | €91,237 | +€44,840 | +96.6% |
| Income taxes | 67/77 | €9,481 | €18,779 | +€9,297 | +98.1% |
| Profit (loss) for the period | 9904 | €36,915 | €72,458 | +€35,543 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,915 | €72,458 | +€35,543 | +96.3% |
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 9 October 2026 via checked.be.