QUENTOR: 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.
QUENTOR
Largest movements
- Current investments -€130,790
down €130,790 (-52.1%), from €250,856 to €120,066
- Cash +€67,003
up €67,003 (+59.9%), from €111,796 to €178,799
mainly Current investments (+€130,790) and Depreciation (+€24,284)
- Receivables within one year +€8,883
up €8,883 (+23.2%), from €38,244 to €47,127
of which Other amounts receivable: +€10,700
- Tangible fixed assets -€5,008
down €5,008 (-5.6%), from €88,941 to €83,933
of which Furniture and vehicles: -€6,009
- Other debts -€83,113
down €83,113 (-60.1%), from €138,251 to €55,138
- Reserves +€23,750
up €23,750 (+7.9%), from €302,360 to €326,110
of which Distributable reserves: +€25,610
- Financial charges +€31,232
up €31,232 (+75676.9%), from €41 to €31,273
- Taxes -€12,646
down €12,646 (-54.3%), from €23,275 to €10,628
- Gross operating margin -€11,847
down €11,847 (-11.8%), from €100,218 to €88,370
- Depreciation +€1,860
up €1,860 (+8.3%), from €22,424 to €24,284
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 | €490,608 | €433,206 | -€57,402 | -11.7% |
| Fixed assets | 21/28 | €88,967 | €83,958 | -€5,008 | -5.6% |
| Tangible fixed assets | 22/27 | €88,941 | €83,933 | -€5,008 | -5.6% |
| Land and buildings | 22 | €2,552 | €2,179 | -€374 | -14.6% |
| Furniture and vehicles | 24 | €42,472 | €36,463 | -€6,009 | -14.1% |
| Other tangible fixed assets | 26 | €43,917 | €45,291 | +€1,374 | +3.1% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €401,641 | €349,248 | -€52,393 | -13.0% |
| Amounts receivable within one year | 40/41 | €38,244 | €47,127 | +€8,883 | +23.2% |
| Trade receivables | 40 | €31,518 | €29,702 | -€1,817 | -5.8% |
| Other amounts receivable | 41 | €6,725 | €17,425 | +€10,700 | +159.1% |
| Current investments | 50/53 | €250,856 | €120,066 | -€130,790 | -52.1% |
| Cash at bank and in hand | 54/58 | €111,796 | €178,799 | +€67,003 | +59.9% |
| Deferred charges and accrued income | 490/1 | €746 | €3,257 | +€2,511 | +336.5% |
| Total equity and liabilities | 10/49 | €490,608 | €433,206 | -€57,402 | -11.7% |
| Equity | 10/15 | €330,138 | €354,091 | +€23,953 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €302,360 | €326,110 | +€23,750 | +7.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €288,500 | €314,110 | +€25,610 | +8.9% |
| Profit (loss) carried forward | 14 | €15,378 | €15,581 | +€203 | +1.3% |
| Amounts payable | 17/49 | €160,470 | €79,115 | -€81,355 | -50.7% |
| Amounts payable within one year | 42/48 | €160,470 | €79,115 | -€81,355 | -50.7% |
| Financial debts | 43 | €29 | - | -€29 | |
| Credit institutions | 430/8 | €29 | - | -€29 | |
| Trade debts | 44 | €11,918 | €13,247 | +€1,330 | +11.2% |
| Suppliers | 440/4 | €11,918 | €13,247 | +€1,330 | +11.2% |
| Taxes, remuneration and social security | 45 | €10,273 | €10,730 | +€458 | +4.5% |
| Taxes | 450/3 | €10,273 | €10,730 | +€458 | +4.5% |
| Other amounts payable | 47/48 | €138,251 | €55,138 | -€83,113 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,424 | €24,284 | +€1,860 | +8.3% |
| Other operating charges | 640/8 | €2,423 | €2,545 | +€122 | +5.0% |
| Gross operating margin | 9900 | €100,218 | €88,370 | -€11,847 | -11.8% |
| Operating profit (loss) | 9901 | €75,371 | €61,542 | -€13,829 | -18.3% |
| Financial income | 75/76B | €4,138 | €4,313 | +€175 | +4.2% |
| Recurring financial income | 75 | €4,138 | €4,313 | +€175 | +4.2% |
| Financial charges | 65/66B | €41 | €31,273 | +€31,232 | +75676.9% |
| Recurring financial charges | 65 | €41 | €31,273 | +€31,232 | +75676.9% |
| Profit (loss) for the period before taxes | 9903 | €79,468 | €34,582 | -€44,886 | -56.5% |
| Income taxes | 67/77 | €23,275 | €10,628 | -€12,646 | -54.3% |
| Profit (loss) for the period | 9904 | €56,193 | €23,953 | -€32,240 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,193 | €23,953 | -€32,240 | -57.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.