QUILLET: 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.
QUILLET
Largest movements
- Receivables within one year +€35,741
up €35,741 (+122%), from €29,259 to €65,000
of which Trade receivables: +€43,466
- Cash -€19,026
down €19,026 (-68.1%), from €27,929 to €8,903
mainly Receivables within one year (-€35,741) and Contributions, distributions and other (-€25,000)
- Profit (loss) carried forward +€14,911
up €14,911 (+279%), from €5,354 to €20,265
- Tax, wage and social debts +€4,443
up €4,443 (+80.6%), from €5,510 to €9,952
of which Taxes: +€4,443
- Other debts -€2,640
down €2,640 (-4.4%), from €59,345 to €56,705
- Gross operating margin +€45,671
up €45,671 (+251%), from €18,185 to €63,856
- Taxes +€12,930
up €12,930 (+435%), from €2,976 to €15,906
- Depreciation -€703
down €703 (-10.2%), from €6,882 to €6,179
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 | €92,316 | €109,330 | +€17,015 | +18.4% |
| Fixed assets | 21/28 | €34,012 | €34,154 | +€142 | +0.4% |
| Tangible fixed assets | 22/27 | €19,012 | €19,154 | +€142 | +0.7% |
| Plant, machinery and equipment | 23 | - | €2,694 | +€2,694 | |
| Furniture and vehicles | 24 | €19,012 | €16,460 | -€2,552 | -13.4% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €58,304 | €75,177 | +€16,873 | +28.9% |
| Amounts receivable within one year | 40/41 | €29,259 | €65,000 | +€35,741 | +122% |
| Trade receivables | 40 | €21,534 | €65,000 | +€43,466 | +202% |
| Other amounts receivable | 41 | €7,725 | €0 | -€7,725 | -100% |
| Cash at bank and in hand | 54/58 | €27,929 | €8,903 | -€19,026 | -68.1% |
| Deferred charges and accrued income | 490/1 | €1,116 | €1,273 | +€157 | +14.1% |
| Total equity and liabilities | 10/49 | €92,316 | €109,330 | +€17,015 | +18.4% |
| Equity | 10/15 | €25,814 | €40,725 | +€14,911 | +57.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,354 | €20,265 | +€14,911 | +279% |
| Amounts payable | 17/49 | €66,502 | €68,606 | +€2,104 | +3.2% |
| Amounts payable within one year | 42/48 | €66,502 | €68,606 | +€2,104 | +3.2% |
| Trade debts | 44 | €1,648 | €1,948 | +€300 | +18.2% |
| Suppliers | 440/4 | €1,648 | €1,948 | +€300 | +18.2% |
| Taxes, remuneration and social security | 45 | €5,510 | €9,952 | +€4,443 | +80.6% |
| Taxes | 450/3 | €4,110 | €8,552 | +€4,443 | +108% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €59,345 | €56,705 | -€2,640 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,882 | €6,179 | -€703 | -10.2% |
| Other operating charges | 640/8 | €1,519 | €1,675 | +€156 | +10.3% |
| Gross operating margin | 9900 | €18,185 | €63,856 | +€45,671 | +251% |
| Operating profit (loss) | 9901 | €9,784 | €56,002 | +€46,218 | +472% |
| Financial income | 75/76B | €8 | €0 | -€7 | -93.6% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -93.6% |
| Financial charges | 65/66B | €153 | €185 | +€32 | +20.9% |
| Recurring financial charges | 65 | €153 | €185 | +€32 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €9,638 | €55,817 | +€46,179 | +479% |
| Income taxes | 67/77 | €2,976 | €15,906 | +€12,930 | +435% |
| Profit (loss) for the period | 9904 | €6,663 | €39,911 | +€33,248 | +499% |
| Profit (loss) for the period to be appropriated | 9905 | €6,663 | €39,911 | +€33,248 | +499% |
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 24 October 2026 via checked.be.