QUINTES: 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.
QUINTES
Largest movements
- Receivables within one year +€18,063
up €18,063 (+87.5%), from €20,640 to €38,703
of which Trade receivables: +€20,829
- Cash -€14,438
down €14,438 (-35.9%), from €40,166 to €25,729
mainly Receivables within one year (-€18,063) and Investment in fixed assets (net) (-€5,789)
- Current investments +€5,000
new in 2025: €5,000
- Tangible fixed assets +€3,032
up €3,032 (+41.1%), from €7,381 to €10,413
of which Plant, machinery and equipment: +€4,916
- Deferred charges and accrued income +€2,462
up €2,462 (+85.9%), from €2,867 to €5,329
- Profit (loss) carried forward +€10,709
no longer reported in 2025 (was -€10,709)
- Reserves +€5,247
up €5,247 (+9.7%), from €54,059 to €59,306
of which Distributable reserves: +€5,247
- Tax, wage and social debts -€1,441
down €1,441 (-18.1%), from €7,959 to €6,518
of which Taxes: -€1,562
- Trade debts -€1,097
down €1,097 (-20.1%), from €5,450 to €4,353
- Gross operating margin +€39,844
up €39,844 (+334.0%), from €11,928 to €51,772
- Taxes +€1,347
up €1,347 (+618.2%), from €218 to €1,564
- Depreciation +€824
up €824 (+42.7%), from €1,933 to €2,757
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 | €72,010 | €86,129 | +€14,119 | +19.6% |
| Fixed assets | 21/28 | €7,381 | €10,413 | +€3,032 | +41.1% |
| Tangible fixed assets | 22/27 | €7,381 | €10,413 | +€3,032 | +41.1% |
| Plant, machinery and equipment | 23 | €1,685 | €6,601 | +€4,916 | +291.8% |
| Furniture and vehicles | 24 | €5,696 | €3,812 | -€1,884 | -33.1% |
| Current assets | 29/58 | €64,630 | €75,717 | +€11,087 | +17.2% |
| Stocks and contracts in progress | 3 | €957 | €957 | = | 0.0% |
| Stocks | 30/36 | €957 | €957 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,640 | €38,703 | +€18,063 | +87.5% |
| Trade receivables | 40 | €13,462 | €34,291 | +€20,829 | +154.7% |
| Other amounts receivable | 41 | €7,178 | €4,412 | -€2,766 | -38.5% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €40,166 | €25,729 | -€14,438 | -35.9% |
| Deferred charges and accrued income | 490/1 | €2,867 | €5,329 | +€2,462 | +85.9% |
| Total equity and liabilities | 10/49 | €72,010 | €86,129 | +€14,119 | +19.6% |
| Equity | 10/15 | €55,750 | €71,706 | +€15,956 | +28.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €54,059 | €59,306 | +€5,247 | +9.7% |
| 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 | €52,199 | €57,446 | +€5,247 | +10.1% |
| Profit (loss) carried forward | 14 | -€10,709 | - | +€10,709 | |
| Amounts payable | 17/49 | €16,260 | €14,423 | -€1,837 | -11.3% |
| Amounts payable within one year | 42/48 | €16,260 | €14,423 | -€1,837 | -11.3% |
| Trade debts | 44 | €5,450 | €4,353 | -€1,097 | -20.1% |
| Suppliers | 440/4 | €5,450 | €4,353 | -€1,097 | -20.1% |
| Taxes, remuneration and social security | 45 | €7,959 | €6,518 | -€1,441 | -18.1% |
| Taxes | 450/3 | €4,567 | €3,005 | -€1,562 | -34.2% |
| Remuneration and social security | 454/9 | €3,392 | €3,512 | +€120 | +3.6% |
| Other amounts payable | 47/48 | €2,851 | €3,553 | +€702 | +24.6% |
| Remuneration, social security and pensions | 62 | €27,355 | €27,652 | +€296 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,933 | €2,757 | +€824 | +42.7% |
| Other operating charges | 640/8 | €846 | €1,068 | +€222 | +26.2% |
| Gross operating margin | 9900 | €11,928 | €51,772 | +€39,844 | +334.0% |
| Operating profit (loss) | 9901 | -€18,206 | €20,295 | +€38,501 | |
| Financial income | 75/76B | €393 | €326 | -€67 | -17.0% |
| Recurring financial income | 75 | €393 | €326 | -€67 | -17.0% |
| Financial charges | 65/66B | €2,718 | €3,100 | +€382 | +14.1% |
| Recurring financial charges | 65 | €2,718 | €3,100 | +€382 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,532 | €17,521 | +€38,053 | |
| Income taxes | 67/77 | €218 | €1,564 | +€1,347 | +618.2% |
| Profit (loss) for the period | 9904 | -€20,750 | €15,956 | +€36,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,750 | €15,956 | +€36,706 |
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 4 October 2026 via checked.be.