QUINTENCE: 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.
QUINTENCE
Largest movements
- Stocks and contracts +€115,827
up €115,827 (+113%), from €102,680 to €218,507
of which Contracts in progress: +€115,089
- Receivables within one year +€85,770
up €85,770 (+116%), from €73,627 to €159,398
of which Trade receivables: +€98,081
- Cash -€60,407
down €60,407 (-15.8%), from €383,068 to €322,661
mainly Stocks and contracts (-€115,827) and Receivables within one year (-€85,770)
- Tangible fixed assets -€56,673
down €56,673 (-22.4%), from €252,477 to €195,804
of which Plant, machinery and equipment: -€48,011
- Reserves +€96,598
up €96,598 (+29.5%), from €327,194 to €423,792
- Debts after one year -€15,959
down €15,959 (-37.5%), from €42,528 to €26,568
- Trade debts -€9,979
down €9,979 (-12.6%), from €79,328 to €69,349
- Tax, wage and social debts +€9,767
up €9,767 (+17.4%), from €55,985 to €65,752
of which Taxes: +€6,033
- Gross operating margin -€75,987
down €75,987 (-8.7%), from €870,072 to €794,085
- Taxes -€42,550
down €42,550 (-48.3%), from €88,124 to €45,573
- Staff costs +€25,919
up €25,919 (+4.8%), from €543,208 to €569,127
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 | €818,704 | €900,458 | +€81,754 | +10.0% |
| Fixed assets | 21/28 | €254,369 | €197,696 | -€56,673 | -22.3% |
| Tangible fixed assets | 22/27 | €252,477 | €195,804 | -€56,673 | -22.4% |
| Plant, machinery and equipment | 23 | €195,464 | €147,454 | -€48,011 | -24.6% |
| Furniture and vehicles | 24 | €54,533 | €48,351 | -€6,183 | -11.3% |
| Assets under construction and advance payments | 27 | €2,479 | - | -€2,479 | |
| Financial fixed assets | 28 | €1,892 | €1,892 | = | 0.0% |
| Current assets | 29/58 | €564,334 | €702,761 | +€138,427 | +24.5% |
| Stocks and contracts in progress | 3 | €102,680 | €218,507 | +€115,827 | +113% |
| Stocks | 30/36 | €7,017 | €7,755 | +€738 | +10.5% |
| Contracts in progress | 37 | €95,663 | €210,752 | +€115,089 | +120% |
| Amounts receivable within one year | 40/41 | €73,627 | €159,398 | +€85,770 | +116% |
| Trade receivables | 40 | €5,415 | €103,496 | +€98,081 | +1,811% |
| Other amounts receivable | 41 | €68,212 | €55,901 | -€12,311 | -18.0% |
| Cash at bank and in hand | 54/58 | €383,068 | €322,661 | -€60,407 | -15.8% |
| Deferred charges and accrued income | 490/1 | €4,959 | €2,195 | -€2,764 | -55.7% |
| Total equity and liabilities | 10/49 | €818,704 | €900,458 | +€81,754 | +10.0% |
| Equity | 10/15 | €625,256 | €721,853 | +€96,598 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,194 | €423,792 | +€96,598 | +29.5% |
| Distributable reserves | 133 | €327,194 | €423,792 | +€96,598 | +29.5% |
| Profit (loss) carried forward | 14 | €279,462 | €279,462 | = | 0.0% |
| Amounts payable | 17/49 | €193,448 | €178,604 | -€14,844 | -7.7% |
| Amounts payable after more than one year | 17 | €42,528 | €26,568 | -€15,959 | -37.5% |
| Financial debts | 170/4 | €42,528 | €26,568 | -€15,959 | -37.5% |
| Amounts payable within one year | 42/48 | €150,920 | €151,646 | +€726 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €15,607 | €15,959 | +€352 | +2.3% |
| Trade debts | 44 | €79,328 | €69,349 | -€9,979 | -12.6% |
| Suppliers | 440/4 | €79,328 | €69,349 | -€9,979 | -12.6% |
| Taxes, remuneration and social security | 45 | €55,985 | €65,752 | +€9,767 | +17.4% |
| Taxes | 450/3 | €3,176 | €9,209 | +€6,033 | +190% |
| Remuneration and social security | 454/9 | €52,809 | €56,543 | +€3,734 | +7.1% |
| Other amounts payable | 47/48 | - | €586 | +€586 | |
| Accrued charges and deferred income | 492/3 | - | €390 | +€390 | |
| Non-recurring operating income | 76A | €2,479 | €7,581 | +€5,102 | +206% |
| Remuneration, social security and pensions | 62 | €543,208 | €569,127 | +€25,919 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,458 | €78,024 | -€1,435 | -1.8% |
| Other operating charges | 640/8 | €2,976 | €4,146 | +€1,171 | +39.4% |
| Non-recurring operating charges | 66A | €1,064 | - | -€1,064 | |
| Gross operating margin | 9900 | €870,072 | €794,085 | -€75,987 | -8.7% |
| Operating profit (loss) | 9901 | €243,366 | €142,788 | -€100,578 | -41.3% |
| Financial income | 75/76B | €1,402 | €2,212 | +€811 | +57.8% |
| Recurring financial income | 75 | €1,402 | €2,212 | +€811 | +57.8% |
| Financial charges | 65/66B | €4,771 | €2,829 | -€1,941 | -40.7% |
| Recurring financial charges | 65 | €4,771 | €2,829 | -€1,941 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €239,997 | €142,171 | -€97,826 | -40.8% |
| Income taxes | 67/77 | €88,124 | €45,573 | -€42,550 | -48.3% |
| Profit (loss) for the period | 9904 | €151,873 | €96,598 | -€55,276 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €151,873 | €96,598 | -€55,276 | -36.4% |
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 18 October 2026 via checked.be.