QUINTEC: 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.
QUINTEC
Largest movements
- Receivables within one year -€33,339
down €33,339 (-99.4%), from €33,546 to €207
of which Trade receivables: -€32,689
- Cash +€9,322
up €9,322 (+60.8%), from €15,342 to €24,664
mainly Receivables within one year (+€33,339) and Stocks and contracts (+€2,250)
- Stocks and contracts -€2,250
down €2,250 (-10.1%), from €22,275 to €20,025
- Deferred charges and accrued income -€1,416
down €1,416 (-100%), from €1,416 to €0
- Tangible fixed assets -€927
down €927 (-56.9%), from €1,628 to €702
of which Plant, machinery and equipment: -€579
- Other debts -€18,797
down €18,797 (-66.3%), from €28,359 to €9,562
- Trade debts -€10,108
down €10,108 (-51.1%), from €19,796 to €9,688
- Advances received -€1,322
down €1,322 (-100%), from €1,322 to €0
- Reserves +€835
up €835 (+5.0%), from €16,746 to €17,581
of which Distributable reserves: +€835
- Tax, wage and social debts +€783
up €783 (+43.9%), from €1,784 to €2,567
of which Taxes: +€1,019
- Gross operating margin +€1,147
up €1,147 (+34.7%), from €3,302 to €4,449
- Financial charges +€843
up €843 (+1,023%), from €82 to €926
- Taxes -€795
down €795 (-51.3%), from €1,548 to €753
- Other operating charges -€601
down €601 (-37.4%), from €1,609 to €1,008
- Depreciation -€279
down €279 (-23.1%), from €1,206 to €927
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.
Derived cash bridge
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 | €74,207 | €45,597 | -€28,610 | -38.6% |
| Fixed assets | 21/28 | €1,628 | €702 | -€927 | -56.9% |
| Tangible fixed assets | 22/27 | €1,628 | €702 | -€927 | -56.9% |
| Plant, machinery and equipment | 23 | €860 | €281 | -€579 | -67.3% |
| Furniture and vehicles | 24 | €768 | €420 | -€348 | -45.3% |
| Current assets | 29/58 | €72,579 | €44,896 | -€27,683 | -38.1% |
| Stocks and contracts in progress | 3 | €22,275 | €20,025 | -€2,250 | -10.1% |
| Stocks | 30/36 | €22,275 | €20,025 | -€2,250 | -10.1% |
| Amounts receivable within one year | 40/41 | €33,546 | €207 | -€33,339 | -99.4% |
| Trade receivables | 40 | €32,896 | €207 | -€32,689 | -99.4% |
| Other amounts receivable | 41 | €650 | €0 | -€650 | -100% |
| Cash at bank and in hand | 54/58 | €15,342 | €24,664 | +€9,322 | +60.8% |
| Deferred charges and accrued income | 490/1 | €1,416 | €0 | -€1,416 | -100% |
| Total equity and liabilities | 10/49 | €74,207 | €45,597 | -€28,610 | -38.6% |
| Equity | 10/15 | €22,946 | €23,781 | +€835 | +3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,746 | €17,581 | +€835 | +5.0% |
| 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 | €14,886 | €15,721 | +€835 | +5.6% |
| Amounts payable | 17/49 | €51,261 | €21,817 | -€29,444 | -57.4% |
| Amounts payable within one year | 42/48 | €51,261 | €21,817 | -€29,444 | -57.4% |
| Trade debts | 44 | €19,796 | €9,688 | -€10,108 | -51.1% |
| Suppliers | 440/4 | €19,796 | €9,688 | -€10,108 | -51.1% |
| Advances received on contracts in progress | 46 | €1,322 | €0 | -€1,322 | -100% |
| Taxes, remuneration and social security | 45 | €1,784 | €2,567 | +€783 | +43.9% |
| Taxes | 450/3 | €1,548 | €2,567 | +€1,019 | +65.8% |
| Remuneration and social security | 454/9 | €236 | €0 | -€236 | -100% |
| Other amounts payable | 47/48 | €28,359 | €9,562 | -€18,797 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,206 | €927 | -€279 | -23.1% |
| Other operating charges | 640/8 | €1,609 | €1,008 | -€601 | -37.4% |
| Gross operating margin | 9900 | €3,302 | €4,449 | +€1,147 | +34.7% |
| Operating profit (loss) | 9901 | €487 | €2,514 | +€2,026 | +416% |
| Financial income | 75/76B | €35 | €0 | -€35 | -100% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100% |
| Financial charges | 65/66B | €82 | €926 | +€843 | +1,023% |
| Recurring financial charges | 65 | €82 | €926 | +€843 | +1,023% |
| Profit (loss) for the period before taxes | 9903 | €440 | €1,588 | +€1,149 | +261% |
| Income taxes | 67/77 | €1,548 | €753 | -€795 | -51.3% |
| Profit (loss) for the period | 9904 | -€1,108 | €835 | +€1,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,108 | €835 | +€1,943 |
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 24 October 2026 via checked.be.