QUINE: 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.
QUINE
Largest movements
- Cash +€558,482
up €558,482 (+641.1%), from €87,109 to €645,591
mainly Net result for the year (+€306,361) and Investment in fixed assets (net) (+€272,000)
- Financial fixed assets -€272,000
down €272,000 (-100.0%), from €272,050 to €50
- Receivables within one year +€61,168
up €61,168 (+53468.9%), from €114 to €61,283
of which Trade receivables: +€43,920
- Tangible fixed assets -€26,576
down €26,576 (-6.1%), from €434,378 to €407,802
of which Furniture and vehicles: -€14,160
- Reserves +€306,361
up €306,361 (+39.6%), from €773,058 to €1.1m
- Tax, wage and social debts +€40,584
up €40,584 (+868.1%), from €4,675 to €45,258
- Debts after one year -€14,160
down €14,160 (-45.8%), from €30,909 to €16,750
- Financial income +€305,043
up €305,043 (+13316.6%), from €2,291 to €307,334
- Taxes +€31,827
up €31,827 (+180.0%), from €17,686 to €49,513
- Gross operating margin +€9,347
up €9,347 (+10.6%), from €87,822 to €97,169
- Financial charges +€6,710
up €6,710 (+658.4%), from €1,019 to €7,729
- Depreciation +€6,436
up €6,436 (+32.0%), from €20,140 to €26,576
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 | €861,968 | €1,193,593 | +€331,625 | +38.5% |
| Fixed assets | 21/28 | €706,428 | €407,852 | -€298,576 | -42.3% |
| Tangible fixed assets | 22/27 | €434,378 | €407,802 | -€26,576 | -6.1% |
| Furniture and vehicles | 24 | €63,785 | €49,626 | -€14,160 | -22.2% |
| Other tangible fixed assets | 26 | €370,593 | €358,177 | -€12,416 | -3.4% |
| Financial fixed assets | 28 | €272,050 | €50 | -€272,000 | -100.0% |
| Current assets | 29/58 | €155,541 | €785,741 | +€630,200 | +405.2% |
| Amounts receivable within one year | 40/41 | €114 | €61,283 | +€61,168 | +53468.9% |
| Trade receivables | 40 | €114 | €44,035 | +€43,920 | +38391.8% |
| Other amounts receivable | 41 | - | €17,248 | +€17,248 | |
| Current investments | 50/53 | €67,000 | €77,623 | +€10,623 | +15.9% |
| Cash at bank and in hand | 54/58 | €87,109 | €645,591 | +€558,482 | +641.1% |
| Deferred charges and accrued income | 490/1 | €1,317 | €1,244 | -€73 | -5.6% |
| Total equity and liabilities | 10/49 | €861,968 | €1,193,593 | +€331,625 | +38.5% |
| Equity | 10/15 | €791,658 | €1,098,019 | +€306,361 | +38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €773,058 | €1,079,419 | +€306,361 | +39.6% |
| Distributable reserves | 133 | €773,058 | €1,079,419 | +€306,361 | +39.6% |
| Amounts payable | 17/49 | €70,311 | €95,574 | +€25,263 | +35.9% |
| Amounts payable after more than one year | 17 | €30,909 | €16,750 | -€14,160 | -45.8% |
| Financial debts | 170/4 | €30,909 | €16,750 | -€14,160 | -45.8% |
| Amounts payable within one year | 42/48 | €38,651 | €78,075 | +€39,423 | +102.0% |
| Current portion of amounts payable after more than one year | 42 | €13,980 | €14,160 | +€180 | +1.3% |
| Trade debts | 44 | €9,189 | €10,741 | +€1,551 | +16.9% |
| Suppliers | 440/4 | €9,189 | €10,741 | +€1,551 | +16.9% |
| Taxes, remuneration and social security | 45 | €4,675 | €45,258 | +€40,584 | +868.1% |
| Taxes | 450/3 | €4,675 | €45,258 | +€40,584 | +868.1% |
| Other amounts payable | 47/48 | €10,807 | €7,916 | -€2,891 | -26.8% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,140 | €26,576 | +€6,436 | +32.0% |
| Other operating charges | 640/8 | €3,845 | €5,421 | +€1,576 | +41.0% |
| Non-recurring operating charges | 66A | - | €8,903 | +€8,903 | |
| Gross operating margin | 9900 | €87,822 | €97,169 | +€9,347 | +10.6% |
| Operating profit (loss) | 9901 | €63,837 | €56,270 | -€7,568 | -11.9% |
| Financial income | 75/76B | €2,291 | €307,334 | +€305,043 | +13316.6% |
| Recurring financial income | 75 | €2,291 | €307,334 | +€305,043 | +13316.6% |
| Financial charges | 65/66B | €1,019 | €7,729 | +€6,710 | +658.4% |
| Recurring financial charges | 65 | €1,019 | €7,729 | +€6,710 | +658.4% |
| Profit (loss) for the period before taxes | 9903 | €65,109 | €355,874 | +€290,765 | +446.6% |
| Income taxes | 67/77 | €17,686 | €49,513 | +€31,827 | +180.0% |
| Profit (loss) for the period | 9904 | €47,423 | €306,361 | +€258,938 | +546.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,423 | €306,361 | +€258,938 | +546.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.