QUINCONS: 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.
QUINCONS
Largest movements
- Receivables within one year +€8,570
up €8,570 (+66.4%), from €12,908 to €21,478
- Cash +€3,928
up €3,928 (+16.2%), from €24,266 to €28,193
mainly Other debts (+€4,826) and Net result for the year (+€4,521)
- Tangible fixed assets -€2,134
down €2,134 (-50.3%), from €4,244 to €2,111
- Deferred charges and accrued income +€1,008
up €1,008 (+105.0%), from €960 to €1,967
- Other debts +€4,826
up €4,826 (+166.9%), from €2,891 to €7,718
- Reserves +€4,000
up €4,000 (+29.4%), from €13,600 to €17,600
- Tax, wage and social debts +€2,603
up €2,603 (+14.6%), from €17,830 to €20,433
of which Taxes: +€1,434
- Trade debts -€1,778
down €1,778 (-30.1%), from €5,902 to €4,123
- Accrued charges and deferred income +€1,200
new in 2025: €1,200
- Gross operating margin -€6,446
down €6,446 (-29.0%), from €22,238 to €15,793
- Staff costs +€3,522
new in 2025: €3,522
- Taxes -€2,471
down €2,471 (-32.5%), from €7,608 to €5,137
- Depreciation +€453
up €453 (+27.0%), from €1,681 to €2,134
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 | €42,377 | €53,749 | +€11,371 | +26.8% |
| Fixed assets | 21/28 | €4,244 | €2,111 | -€2,134 | -50.3% |
| Tangible fixed assets | 22/27 | €4,244 | €2,111 | -€2,134 | -50.3% |
| Furniture and vehicles | 24 | €4,244 | €2,111 | -€2,134 | -50.3% |
| Current assets | 29/58 | €38,133 | €51,638 | +€13,505 | +35.4% |
| Amounts receivable within one year | 40/41 | €12,908 | €21,478 | +€8,570 | +66.4% |
| Trade receivables | 40 | €12,908 | €21,478 | +€8,570 | +66.4% |
| Cash at bank and in hand | 54/58 | €24,266 | €28,193 | +€3,928 | +16.2% |
| Deferred charges and accrued income | 490/1 | €960 | €1,967 | +€1,008 | +105.0% |
| Total equity and liabilities | 10/49 | €42,377 | €53,749 | +€11,371 | +26.8% |
| Equity | 10/15 | €15,754 | €20,275 | +€4,521 | +28.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €13,600 | €17,600 | +€4,000 | +29.4% |
| Distributable reserves | 133 | €13,600 | €17,600 | +€4,000 | +29.4% |
| Profit (loss) carried forward | 14 | €654 | €1,175 | +€521 | +79.6% |
| Amounts payable | 17/49 | €26,623 | €33,474 | +€6,851 | +25.7% |
| Amounts payable within one year | 42/48 | €26,623 | €32,274 | +€5,651 | +21.2% |
| Trade debts | 44 | €5,902 | €4,123 | -€1,778 | -30.1% |
| Suppliers | 440/4 | €5,902 | €4,123 | -€1,778 | -30.1% |
| Taxes, remuneration and social security | 45 | €17,830 | €20,433 | +€2,603 | +14.6% |
| Taxes | 450/3 | €14,830 | €16,264 | +€1,434 | +9.7% |
| Remuneration and social security | 454/9 | €3,000 | €4,169 | +€1,169 | +39.0% |
| Other amounts payable | 47/48 | €2,891 | €7,718 | +€4,826 | +166.9% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Remuneration, social security and pensions | 62 | - | €3,522 | +€3,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,681 | €2,134 | +€453 | +27.0% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €22,238 | €15,793 | -€6,446 | -29.0% |
| Operating profit (loss) | 9901 | €20,494 | €10,071 | -€10,423 | -50.9% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €382 | €414 | +€32 | +8.3% |
| Recurring financial charges | 65 | €382 | €414 | +€32 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €20,121 | €9,657 | -€10,464 | -52.0% |
| Income taxes | 67/77 | €7,608 | €5,137 | -€2,471 | -32.5% |
| Profit (loss) for the period | 9904 | €12,513 | €4,521 | -€7,993 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,513 | €4,521 | -€7,993 | -63.9% |
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 10 October 2026 via checked.be.