QUINEZ: 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.
QUINEZ
Largest movements
- Cash -€72,166
down €72,166 (-95.4%), from €75,618 to €3,452
mainly Net result for the year (-€61,403) and Deferred charges and accrued income (-€8,194)
- Deferred charges and accrued income +€8,194
up €8,194 (+77.7%), from €10,546 to €18,739
- Reserves -€44,959
down €44,959 (-27.8%), from €161,524 to €116,565
of which Distributable reserves: -€44,959
- Profit (loss) carried forward -€16,444
new in 2025: -€16,444
- Tax, wage and social debts -€2,958
down €2,958 (-58.2%), from €5,078 to €2,121
of which Taxes: -€4,819
- Gross operating margin -€28,778
down €28,778 (-87.3%), from -€32,959 to -€61,738
- Financial income +€2,071
up €2,071 (+101.0%), from €2,050 to €4,121
- Depreciation -€1,576
down €1,576 (-92.7%), from €1,700 to €124
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 | €177,660 | €112,152 | -€65,508 | -36.9% |
| Fixed assets | 21/28 | €5,674 | €5,550 | -€124 | -2.2% |
| Tangible fixed assets | 22/27 | €124 | - | -€124 | |
| Furniture and vehicles | 24 | €124 | - | -€124 | |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €171,986 | €106,602 | -€65,384 | -38.0% |
| Amounts receivable within one year | 40/41 | €85,822 | €84,410 | -€1,412 | -1.6% |
| Trade receivables | 40 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 41 | €85,822 | €77,410 | -€8,412 | -9.8% |
| Cash at bank and in hand | 54/58 | €75,618 | €3,452 | -€72,166 | -95.4% |
| Deferred charges and accrued income | 490/1 | €10,546 | €18,739 | +€8,194 | +77.7% |
| Total equity and liabilities | 10/49 | €177,660 | €112,152 | -€65,508 | -36.9% |
| Equity | 10/15 | €167,724 | €106,321 | -€61,403 | -36.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,524 | €116,565 | -€44,959 | -27.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €159,664 | €114,705 | -€44,959 | -28.2% |
| Profit (loss) carried forward | 14 | - | -€16,444 | -€16,444 | |
| Amounts payable | 17/49 | €9,936 | €5,831 | -€4,105 | -41.3% |
| Amounts payable within one year | 42/48 | €9,936 | €5,831 | -€4,105 | -41.3% |
| Trade debts | 44 | €4,858 | €3,710 | -€1,147 | -23.6% |
| Suppliers | 440/4 | €4,858 | €3,710 | -€1,147 | -23.6% |
| Taxes, remuneration and social security | 45 | €5,078 | €2,121 | -€2,958 | -58.2% |
| Taxes | 450/3 | €5,078 | €260 | -€4,819 | -94.9% |
| Remuneration and social security | 454/9 | - | €1,861 | +€1,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €124 | -€1,576 | -92.7% |
| Other operating charges | 640/8 | €2,764 | €2,430 | -€334 | -12.1% |
| Gross operating margin | 9900 | -€32,959 | -€61,738 | -€28,778 | -87.3% |
| Operating profit (loss) | 9901 | -€37,423 | -€64,292 | -€26,869 | -71.8% |
| Financial income | 75/76B | €2,050 | €4,121 | +€2,071 | +101.0% |
| Recurring financial income | 75 | €2,050 | €4,121 | +€2,071 | +101.0% |
| Financial charges | 65/66B | €1,453 | €972 | -€481 | -33.1% |
| Recurring financial charges | 65 | €1,453 | €972 | -€481 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,826 | -€61,144 | -€24,317 | -66.0% |
| Income taxes | 67/77 | €260 | €260 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | -€37,087 | -€61,403 | -€24,317 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,087 | -€61,403 | -€24,317 | -65.6% |
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 11 October 2026 via checked.be.