QUINT: 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.
QUINT
Largest movements
- Receivables within one year -€311,503
down €311,503 (-75.3%), from €413,448 to €101,945
of which Trade receivables: -€353,808
- Tangible fixed assets -€39,638
down €39,638 (-5.3%), from €751,353 to €711,715
of which Land and buildings: -€39,346
- Trade debts -€154,804
down €154,804 (-81.1%), from €190,776 to €35,972
- Other debts -€122,816
down €122,816 (-98.4%), from €124,855 to €2,039
- Debts after one year -€61,626
down €61,626 (-11.2%), from €550,822 to €489,196
- Tax, wage and social debts -€16,041
down €16,041 (-41.7%), from €38,459 to €22,418
of which Taxes: -€16,041
- Gross operating margin -€9,131
down €9,131 (-8.1%), from €112,614 to €103,483
- Taxes -€5,523
down €5,523 (-100.0%), from €5,523 to €0
- Depreciation +€2,635
up €2,635 (+5.4%), from €48,912 to €51,547
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 | €1,179,703 | €836,048 | -€343,656 | -29.1% |
| Fixed assets | 21/28 | €755,559 | €715,921 | -€39,638 | -5.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €751,353 | €711,715 | -€39,638 | -5.3% |
| Land and buildings | 22 | €745,585 | €706,239 | -€39,346 | -5.3% |
| Plant, machinery and equipment | 23 | €2,089 | €2,583 | +€494 | +23.7% |
| Furniture and vehicles | 24 | €3,679 | €2,893 | -€786 | -21.4% |
| Financial fixed assets | 28 | €4,206 | €4,206 | = | 0.0% |
| Current assets | 29/58 | €424,144 | €120,126 | -€304,018 | -71.7% |
| Stocks and contracts in progress | 3 | €6,641 | €6,641 | = | 0.0% |
| Stocks | 30/36 | €6,641 | €6,641 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €413,448 | €101,945 | -€311,503 | -75.3% |
| Trade receivables | 40 | €399,333 | €45,525 | -€353,808 | -88.6% |
| Other amounts receivable | 41 | €14,115 | €56,420 | +€42,305 | +299.7% |
| Cash at bank and in hand | 54/58 | €37 | €9,280 | +€9,244 | +25304.5% |
| Deferred charges and accrued income | 490/1 | €4,019 | €2,260 | -€1,759 | -43.8% |
| Total equity and liabilities | 10/49 | €1,179,703 | €836,048 | -€343,656 | -29.1% |
| Equity | 10/15 | €185,829 | €184,803 | -€1,026 | -0.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €115,925 | €115,925 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,642 | €2,642 | = | 0.0% |
| Distributable reserves | 133 | €113,283 | €113,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,707 | €62,681 | -€1,026 | -1.6% |
| Amounts payable | 17/49 | €993,874 | €651,244 | -€342,630 | -34.5% |
| Amounts payable after more than one year | 17 | €550,822 | €489,196 | -€61,626 | -11.2% |
| Financial debts | 170/4 | €550,822 | €489,196 | -€61,626 | -11.2% |
| Amounts payable within one year | 42/48 | €442,702 | €162,049 | -€280,654 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €60,046 | €61,626 | +€1,580 | +2.6% |
| Financial debts | 43 | €6,823 | €18,252 | +€11,428 | +167.5% |
| Credit institutions | 430/8 | €6,823 | €18,252 | +€11,428 | +167.5% |
| Trade debts | 44 | €190,776 | €35,972 | -€154,804 | -81.1% |
| Suppliers | 440/4 | €190,776 | €35,972 | -€154,804 | -81.1% |
| Advances received on contracts in progress | 46 | €21,742 | €21,742 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €38,459 | €22,418 | -€16,041 | -41.7% |
| Taxes | 450/3 | €38,459 | €22,418 | -€16,041 | -41.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €124,855 | €2,039 | -€122,816 | -98.4% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100.0% |
| Non-recurring operating income | 76A | €21,039 | €12,466 | -€8,573 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,912 | €51,547 | +€2,635 | +5.4% |
| Other operating charges | 640/8 | €11,459 | €11,650 | +€191 | +1.7% |
| Non-recurring operating charges | 66A | €21,503 | €20,149 | -€1,354 | -6.3% |
| Gross operating margin | 9900 | €112,614 | €103,483 | -€9,131 | -8.1% |
| Operating profit (loss) | 9901 | €30,740 | €20,136 | -€10,603 | -34.5% |
| Financial income | 75/76B | €890 | €521 | -€369 | -41.4% |
| Recurring financial income | 75 | €890 | €521 | -€369 | -41.4% |
| Financial charges | 65/66B | €20,845 | €21,684 | +€838 | +4.0% |
| Recurring financial charges | 65 | €20,845 | €21,684 | +€838 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €10,784 | -€1,026 | -€11,810 | |
| Income taxes | 67/77 | €5,523 | €0 | -€5,523 | -100.0% |
| Profit (loss) for the period | 9904 | €5,261 | -€1,026 | -€6,287 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €5,261 | -€1,026 | -€6,287 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.