QUINTESSENCE: 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.
QUINTESSENCE
Largest movements
- Tangible fixed assets -€50,362
down €50,362 (-8.2%), from €616,002 to €565,641
of which Land and buildings: -€44,697
- Receivables within one year -€26,414
down €26,414 (-46.1%), from €57,258 to €30,844
of which Other amounts receivable: -€14,887
- Profit (loss) carried forward -€50,500
down €50,500, from €14,456 to -€36,043
- Debts after one year -€19,698
down €19,698 (-9.5%), from €208,336 to €188,638
of which Financial debts: -€19,698
- Trade debts -€13,217
down €13,217 (-54.3%), from €24,348 to €11,131
- Other debts +€10,797
up €10,797 (+11.3%), from €95,251 to €106,048
- Reserves -€8,085
down €8,085 (-3.3%), from €244,201 to €236,116
of which Tax-exempt reserves: -€8,085
- Gross operating margin -€26,710
down €26,710 (-31.8%), from €83,881 to €57,171
- Other operating charges +€1,258
up €1,258 (+3.4%), from €36,468 to €37,726
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.
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 | €765,772 | €682,032 | -€83,740 | -10.9% |
| Fixed assets | 21/28 | €620,327 | €569,216 | -€51,112 | -8.2% |
| Intangible fixed assets | 21 | €3,400 | €2,650 | -€750 | -22.1% |
| Tangible fixed assets | 22/27 | €616,002 | €565,641 | -€50,362 | -8.2% |
| Land and buildings | 22 | €598,878 | €554,181 | -€44,697 | -7.5% |
| Furniture and vehicles | 24 | €17,124 | €11,459 | -€5,665 | -33.1% |
| Financial fixed assets | 28 | €925 | €925 | = | 0.0% |
| Current assets | 29/58 | €145,445 | €112,817 | -€32,628 | -22.4% |
| Stocks and contracts in progress | 3 | €58,012 | €59,081 | +€1,069 | +1.8% |
| Stocks | 30/36 | €58,012 | €59,081 | +€1,069 | +1.8% |
| Amounts receivable within one year | 40/41 | €57,258 | €30,844 | -€26,414 | -46.1% |
| Trade receivables | 40 | €42,371 | €30,844 | -€11,527 | -27.2% |
| Other amounts receivable | 41 | €14,887 | €0 | -€14,887 | -100% |
| Cash at bank and in hand | 54/58 | €30,175 | €22,891 | -€7,283 | -24.1% |
| Total equity and liabilities | 10/49 | €765,772 | €682,032 | -€83,740 | -10.9% |
| Equity | 10/15 | €310,642 | €252,057 | -€58,585 | -18.9% |
| Contributions | 10/11 | €51,984 | €51,984 | = | 0.0% |
| Reserves | 13 | €244,201 | €236,116 | -€8,085 | -3.3% |
| Tax-exempt reserves | 132 | €133,074 | €124,989 | -€8,085 | -6.1% |
| Distributable reserves | 133 | €111,127 | €111,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,456 | -€36,043 | -€50,500 | |
| Provisions and deferred taxes | 16 | €33,481 | €30,786 | -€2,695 | -8.0% |
| Deferred taxes | 168 | €33,481 | €30,786 | -€2,695 | -8.0% |
| Amounts payable | 17/49 | €421,649 | €399,189 | -€22,460 | -5.3% |
| Amounts payable after more than one year | 17 | €208,336 | €188,638 | -€19,698 | -9.5% |
| Financial debts | 170/4 | €205,206 | €185,508 | -€19,698 | -9.6% |
| Other amounts payable | 178/9 | €3,130 | €3,130 | = | 0.0% |
| Amounts payable within one year | 42/48 | €205,149 | €201,347 | -€3,802 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €85,373 | €81,098 | -€4,276 | -5.0% |
| Trade debts | 44 | €24,348 | €11,131 | -€13,217 | -54.3% |
| Suppliers | 440/4 | €24,348 | €11,131 | -€13,217 | -54.3% |
| Taxes, remuneration and social security | 45 | €177 | €3,070 | +€2,893 | +1,636% |
| Taxes | 450/3 | €177 | €3,070 | +€2,893 | +1,636% |
| Other amounts payable | 47/48 | €95,251 | €106,048 | +€10,797 | +11.3% |
| Accrued charges and deferred income | 492/3 | €8,164 | €9,204 | +€1,040 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,598 | €62,998 | +€400 | +0.6% |
| Other operating charges | 640/8 | €36,468 | €37,726 | +€1,258 | +3.4% |
| Gross operating margin | 9900 | €83,881 | €57,171 | -€26,710 | -31.8% |
| Operating profit (loss) | 9901 | -€15,184 | -€43,552 | -€28,368 | -187% |
| Financial income | 75/76B | €622 | €165 | -€457 | -73.5% |
| Recurring financial income | 75 | €622 | €165 | -€457 | -73.5% |
| Financial charges | 65/66B | €17,404 | €17,626 | +€222 | +1.3% |
| Recurring financial charges | 65 | €17,404 | €17,626 | +€222 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,967 | -€61,014 | -€29,048 | -90.9% |
| Transfer from deferred taxes | 780 | €2,695 | €2,695 | = | 0.0% |
| Income taxes | 67/77 | €279 | €265 | -€14 | -4.9% |
| Profit (loss) for the period | 9904 | -€29,551 | -€58,585 | -€29,034 | -98.3% |
| Transfer from tax-exempt reserves | 789 | €8,085 | €8,085 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,466 | -€50,500 | -€29,034 | -135% |
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.