QUERTAIN & Co: 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.
QUERTAIN & Co
Largest movements
- Tangible fixed assets +€513,561
up €513,561 (+236%), from €218,015 to €731,576
of which Land and buildings: +€366,614
- Current investments +€29,998
new in 2025: €29,998
- Cash +€23,580
up €23,580 (+43.1%), from €54,701 to €78,281
mainly Debts after one year (+€429,269) and Depreciation (+€86,246)
- Receivables within one year -€11,154
down €11,154 (-56.7%), from €19,667 to €8,513
- Debts after one year +€429,269
up €429,269 (+425%), from €100,895 to €530,164
- Profit (loss) carried forward +€72,084
up €72,084 (+60.8%), from €118,505 to €190,589
- Trade debts +€25,326
up €25,326 (+12,776%), from €198 to €25,524
- Current portion of long-term debt +€21,739
up €21,739 (+109%), from €19,894 to €41,633
- Accrued charges and deferred income +€11,587
up €11,587 (+1,172%), from €988 to €12,575
- Gross operating margin +€182,581
up €182,581 (+4,529%), from €4,032 to €186,612
- Depreciation +€71,148
up €71,148 (+471%), from €15,098 to €86,246
- Taxes +€17,322
up €17,322 (+11,479%), from €151 to €17,473
- Other operating charges -€12,901
down €12,901 (-87.4%), from €14,766 to €1,865
- Financial charges +€6,850
up €6,850 (+327%), from €2,094 to €8,945
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 | €292,383 | €851,372 | +€558,989 | +191% |
| Fixed assets | 21/28 | €218,015 | €731,576 | +€513,561 | +236% |
| Tangible fixed assets | 22/27 | €218,015 | €731,576 | +€513,561 | +236% |
| Land and buildings | 22 | €146,832 | €513,446 | +€366,614 | +250% |
| Plant, machinery and equipment | 23 | - | €4,742 | +€4,742 | |
| Furniture and vehicles | 24 | €1,121 | €14,867 | +€13,746 | +1,227% |
| Other tangible fixed assets | 26 | €70,062 | €198,521 | +€128,458 | +183% |
| Current assets | 29/58 | €74,368 | €119,795 | +€45,428 | +61.1% |
| Amounts receivable within one year | 40/41 | €19,667 | €8,513 | -€11,154 | -56.7% |
| Trade receivables | 40 | €19,667 | €8,513 | -€11,154 | -56.7% |
| Current investments | 50/53 | - | €29,998 | +€29,998 | |
| Cash at bank and in hand | 54/58 | €54,701 | €78,281 | +€23,580 | +43.1% |
| Deferred charges and accrued income | 490/1 | - | €3,003 | +€3,003 | |
| Total equity and liabilities | 10/49 | €292,383 | €851,372 | +€558,989 | +191% |
| Equity | 10/15 | €138,965 | €211,049 | +€72,084 | +51.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,505 | €190,589 | +€72,084 | +60.8% |
| Amounts payable | 17/49 | €153,418 | €640,323 | +€486,905 | +317% |
| Amounts payable after more than one year | 17 | €100,895 | €530,164 | +€429,269 | +425% |
| Financial debts | 170/4 | €100,895 | €530,164 | +€429,269 | +425% |
| Amounts payable within one year | 42/48 | €51,535 | €97,584 | +€46,049 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €19,894 | €41,633 | +€21,739 | +109% |
| Trade debts | 44 | €198 | €25,524 | +€25,326 | +12,776% |
| Suppliers | 440/4 | €198 | €25,524 | +€25,326 | +12,776% |
| Taxes, remuneration and social security | 45 | €4,377 | €14,347 | +€9,970 | +228% |
| Taxes | 450/3 | €4,377 | €14,347 | +€9,970 | +228% |
| Other amounts payable | 47/48 | €27,066 | €16,080 | -€10,986 | -40.6% |
| Accrued charges and deferred income | 492/3 | €988 | €12,575 | +€11,587 | +1,172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,098 | €86,246 | +€71,148 | +471% |
| Other operating charges | 640/8 | €14,766 | €1,865 | -€12,901 | -87.4% |
| Gross operating margin | 9900 | €4,032 | €186,612 | +€182,581 | +4,529% |
| Operating profit (loss) | 9901 | -€25,832 | €98,501 | +€124,334 | |
| Financial charges | 65/66B | €2,094 | €8,945 | +€6,850 | +327% |
| Recurring financial charges | 65 | €2,094 | €8,945 | +€6,850 | +327% |
| Profit (loss) for the period before taxes | 9903 | -€27,927 | €89,557 | +€117,483 | |
| Income taxes | 67/77 | €151 | €17,473 | +€17,322 | +11,479% |
| Profit (loss) for the period | 9904 | -€28,078 | €72,084 | +€100,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,078 | €72,084 | +€100,161 |
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 17 October 2026 via checked.be.