Quintax: 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.
Quintax
Largest movements
- Receivables within one year +€619,365
up €619,365 (+790.3%), from €78,376 to €697,741
of which Trade receivables: +€609,028
- Tangible fixed assets -€60,890
down €60,890 (-8.4%), from €724,309 to €663,419
of which Furniture and vehicles: -€31,211
- Current investments -€56,014
down €56,014 (-35.1%), from €159,408 to €103,394
- Cash +€41,070
up €41,070 (+44.9%), from €91,522 to €132,592
mainly Net result for the year (+€691,575) and Current investments (+€56,014)
- Reserves +€640,686
up €640,686 (+92.6%), from €692,030 to €1.3m
of which Distributable reserves: +€640,686
- Debts after one year -€103,061
down €103,061 (-35.8%), from €287,919 to €184,858
of which Other amounts payable: -€63,500
- Gross operating margin +€701,533
up €701,533 (+154.3%), from €454,575 to €1.2m
- Taxes +€240,459
up €240,459 (+320.8%), from €74,965 to €315,424
- Depreciation -€49,291
down €49,291 (-72.5%), from €68,017 to €18,726
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 | €1,073,947 | €1,602,910 | +€528,963 | +49.3% |
| Fixed assets | 21/28 | €724,509 | €663,419 | -€61,090 | -8.4% |
| Tangible fixed assets | 22/27 | €724,309 | €663,419 | -€60,890 | -8.4% |
| Land and buildings | 22 | €664,908 | €641,043 | -€23,866 | -3.6% |
| Plant, machinery and equipment | 23 | €5,774 | - | -€5,774 | |
| Furniture and vehicles | 24 | €53,588 | €22,377 | -€31,211 | -58.2% |
| Other tangible fixed assets | 26 | €39 | - | -€39 | |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €349,438 | €939,491 | +€590,053 | +168.9% |
| Stocks and contracts in progress | 3 | €12,054 | - | -€12,054 | |
| Contracts in progress | 37 | €12,054 | - | -€12,054 | |
| Amounts receivable within one year | 40/41 | €78,376 | €697,741 | +€619,365 | +790.3% |
| Trade receivables | 40 | €72,571 | €681,599 | +€609,028 | +839.2% |
| Other amounts receivable | 41 | €5,804 | €16,142 | +€10,337 | +178.1% |
| Current investments | 50/53 | €159,408 | €103,394 | -€56,014 | -35.1% |
| Cash at bank and in hand | 54/58 | €91,522 | €132,592 | +€41,070 | +44.9% |
| Deferred charges and accrued income | 490/1 | €8,079 | €5,764 | -€2,314 | -28.6% |
| Total equity and liabilities | 10/49 | €1,073,947 | €1,602,910 | +€528,963 | +49.3% |
| Equity | 10/15 | €693,647 | €1,334,274 | +€640,627 | +92.4% |
| Reserves | 13 | €692,030 | €1,332,716 | +€640,686 | +92.6% |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €674,530 | €1,315,216 | +€640,686 | +95.0% |
| Investment grants | 15 | €1,617 | €1,558 | -€59 | -3.7% |
| Provisions and deferred taxes | 16 | €539 | €519 | -€20 | -3.7% |
| Deferred taxes | 168 | €539 | €519 | -€20 | -3.7% |
| Amounts payable | 17/49 | €379,761 | €268,117 | -€111,644 | -29.4% |
| Amounts payable after more than one year | 17 | €287,919 | €184,858 | -€103,061 | -35.8% |
| Financial debts | 170/4 | €224,419 | €184,858 | -€39,561 | -17.6% |
| Other amounts payable | 178/9 | €63,500 | - | -€63,500 | |
| Amounts payable within one year | 42/48 | €91,780 | €82,487 | -€9,293 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €42,635 | €39,561 | -€3,075 | -7.2% |
| Trade debts | 44 | €8,459 | €1,379 | -€7,081 | -83.7% |
| Suppliers | 440/4 | €8,459 | €1,379 | -€7,081 | -83.7% |
| Taxes, remuneration and social security | 45 | €40,686 | €41,547 | +€861 | +2.1% |
| Taxes | 450/3 | €24,844 | €26,275 | +€1,432 | +5.8% |
| Remuneration and social security | 454/9 | €15,842 | €15,271 | -€571 | -3.6% |
| Other amounts payable | 47/48 | - | €1 | +€1 | |
| Accrued charges and deferred income | 492/3 | €62 | €772 | +€710 | +1154.9% |
| Remuneration, social security and pensions | 62 | €130,151 | €120,018 | -€10,133 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,017 | €18,726 | -€49,291 | -72.5% |
| Other operating charges | 640/8 | €1,860 | €7,892 | +€6,033 | +324.4% |
| Gross operating margin | 9900 | €454,575 | €1,156,107 | +€701,533 | +154.3% |
| Operating profit (loss) | 9901 | €254,547 | €1,009,471 | +€754,924 | +296.6% |
| Financial income | 75/76B | €2,689 | €2,224 | -€465 | -17.3% |
| Recurring financial income | 75 | €2,689 | €2,224 | -€465 | -17.3% |
| Financial charges | 65/66B | €10,181 | €4,715 | -€5,465 | -53.7% |
| Recurring financial charges | 65 | €10,181 | €4,715 | -€5,465 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €247,054 | €1,006,979 | +€759,925 | +307.6% |
| Transfer from deferred taxes | 780 | €20 | €20 | = | 0.0% |
| Income taxes | 67/77 | €74,965 | €315,424 | +€240,459 | +320.8% |
| Profit (loss) for the period | 9904 | €172,109 | €691,575 | +€519,466 | +301.8% |
| Profit (loss) for the period to be appropriated | 9905 | €172,109 | €691,575 | +€519,466 | +301.8% |
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.