QUIETWOODS: what changed
QUIETWOODS
Largest movements
- Cash +€25,013
up €25,013 (+46.6%), from €53,668 to €78,681
mainly Net result for the year (+€27,905) and Depreciation (+€2,997)
- Tangible fixed assets -€2,498
down €2,498 (-27.0%), from €9,257 to €6,759
of which Furniture and vehicles: -€1,830
- Reserves +€27,900
up €27,900 (+48.9%), from €57,000 to €84,900
- Short-term financial debts -€7,157
no longer reported in 2025 (was €7,157)
- Gross operating margin -€5,359
down €5,359 (-11.0%), from €48,790 to €43,431
- Taxes +€1,792
up €1,792 (+18.8%), from €9,542 to €11,333
- Other operating charges -€1,338
down €1,338 (-58.0%), from €2,304 to €967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,274 | €90,576 | +€21,302 | +30.8% |
| Fixed assets | 21/28 | €11,189 | €8,192 | -€2,997 | -26.8% |
| Intangible fixed assets | 21 | €1,932 | €1,433 | -€499 | -25.8% |
| Tangible fixed assets | 22/27 | €9,257 | €6,759 | -€2,498 | -27.0% |
| Plant, machinery and equipment | 23 | €1,560 | €1,222 | -€338 | -21.7% |
| Furniture and vehicles | 24 | €6,277 | €4,447 | -€1,830 | -29.2% |
| Other tangible fixed assets | 26 | €1,421 | €1,090 | -€330 | -23.3% |
| Current assets | 29/58 | €58,085 | €82,384 | +€24,299 | +41.8% |
| Amounts receivable within one year | 40/41 | €3,143 | €3,125 | -€17 | -0.6% |
| Other amounts receivable | 41 | €3,143 | €3,125 | -€17 | -0.6% |
| Cash at bank and in hand | 54/58 | €53,668 | €78,681 | +€25,013 | +46.6% |
| Deferred charges and accrued income | 490/1 | €1,275 | €578 | -€696 | -54.6% |
| Total equity and liabilities | 10/49 | €69,274 | €90,576 | +€21,302 | +30.8% |
| Equity | 10/15 | €60,287 | €88,192 | +€27,905 | +46.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,000 | €84,900 | +€27,900 | +48.9% |
| Distributable reserves | 133 | €57,000 | €84,900 | +€27,900 | +48.9% |
| Profit (loss) carried forward | 14 | €287 | €292 | +€5 | +1.7% |
| Amounts payable | 17/49 | €8,987 | €2,385 | -€6,603 | -73.5% |
| Amounts payable within one year | 42/48 | €8,987 | €2,385 | -€6,603 | -73.5% |
| Financial debts | 43 | €7,157 | - | -€7,157 | |
| Credit institutions | 430/8 | €7,157 | - | -€7,157 | |
| Trade debts | 44 | €1,830 | €2,385 | +€554 | +30.3% |
| Suppliers | 440/4 | €1,830 | €2,385 | +€554 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,562 | €2,997 | +€435 | +17.0% |
| Other operating charges | 640/8 | €2,304 | €967 | -€1,338 | -58.0% |
| Gross operating margin | 9900 | €48,790 | €43,431 | -€5,359 | -11.0% |
| Operating profit (loss) | 9901 | €43,924 | €39,467 | -€4,457 | -10.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €334 | €229 | -€105 | -31.3% |
| Recurring financial charges | 65 | €334 | €229 | -€105 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €43,590 | €39,238 | -€4,352 | -10.0% |
| Income taxes | 67/77 | €9,542 | €11,333 | +€1,792 | +18.8% |
| Profit (loss) for the period | 9904 | €34,049 | €27,905 | -€6,144 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,049 | €27,905 | -€6,144 | -18.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.