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
- Current investments -€3.2m
down €3.2m (-37.6%), from €8.6m to €5.4m
- Cash +€2.7m
up €2.7m (+516%), from €529,198 to €3.3m
mainly Current investments (+€3.2m) and Depreciation (+€243,260)
- Tangible fixed assets +€517,940
up €517,940 (+16.9%), from €3.1m to €3.6m
of which Land and buildings: +€547,919
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€194,365
down €194,365 (-37.4%), from €520,129 to €325,764
of which Financial income: -€194,365
- Depreciation +€137,285
up €137,285 (+130%), from €105,976 to €243,260
- Taxes -€69,713
down €69,713 (-31.7%), from €219,982 to €150,269
- Gross operating margin +€46,410
up €46,410 (+22.3%), from €208,062 to €254,472
- Other operating charges +€34,089
up €34,089 (+287%), from €11,868 to €45,957
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 | €27,094,290 | €27,046,316 | -€47,974 | -0.2% |
| Fixed assets | 21/28 | €14,016,982 | €14,534,922 | +€517,940 | +3.7% |
| Tangible fixed assets | 22/27 | €3,055,838 | €3,573,778 | +€517,940 | +16.9% |
| Land and buildings | 22 | €2,842,873 | €3,390,792 | +€547,919 | +19.3% |
| Furniture and vehicles | 24 | €212,965 | €182,986 | -€29,979 | -14.1% |
| Financial fixed assets | 28 | €10,961,144 | €10,961,144 | = | 0.0% |
| Current assets | 29/58 | €13,077,308 | €12,511,394 | -€565,914 | -4.3% |
| Amounts receivable after more than one year | 29 | €3,415,000 | €3,415,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,415,000 | €3,415,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €388,084 | €338,767 | -€49,317 | -12.7% |
| Trade receivables | 40 | €32,867 | €26,013 | -€6,854 | -20.9% |
| Other amounts receivable | 41 | €355,217 | €312,754 | -€42,463 | -12.0% |
| Current investments | 50/53 | €8,643,741 | €5,396,016 | -€3.2m | -37.6% |
| Cash at bank and in hand | 54/58 | €529,198 | €3,259,516 | +€2.7m | +516% |
| Deferred charges and accrued income | 490/1 | €101,286 | €102,096 | +€809 | +0.8% |
| Total equity and liabilities | 10/49 | €27,094,290 | €27,046,316 | -€47,974 | -0.2% |
| Equity | 10/15 | €25,822,164 | €25,961,723 | +€139,558 | +0.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €3,712,112 | €3,851,671 | +€139,558 | +3.8% |
| Non-distributable reserves | 130/1 | €187,817 | €187,817 | = | 0.0% |
| Legal reserve | 130 | €187,817 | €187,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €135,000 | €135,000 | = | 0.0% |
| Distributable reserves | 133 | €3,389,295 | €3,528,854 | +€139,558 | +4.1% |
| Profit (loss) carried forward | 14 | €22,048,079 | €22,048,079 | = | 0.0% |
| Amounts payable | 17/49 | €1,272,126 | €1,084,594 | -€187,532 | -14.7% |
| Amounts payable within one year | 42/48 | €1,271,159 | €1,083,597 | -€187,562 | -14.8% |
| Trade debts | 44 | €20,188 | €88,007 | +€67,819 | +336% |
| Suppliers | 440/4 | €20,188 | €88,007 | +€67,819 | +336% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €333,301 | €344,620 | +€11,320 | +3.4% |
| Taxes | 450/3 | €331,301 | €342,620 | +€11,320 | +3.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €917,670 | €650,970 | -€266,701 | -29.1% |
| Accrued charges and deferred income | 492/3 | €967 | €997 | +€30 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,976 | €243,260 | +€137,285 | +130% |
| Other operating charges | 640/8 | €11,868 | €45,957 | +€34,089 | +287% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €208,062 | €254,472 | +€46,410 | +22.3% |
| Operating profit (loss) | 9901 | €90,218 | -€34,746 | -€124,963 | |
| Financial income | 75/76B | €520,129 | €325,764 | -€194,365 | -37.4% |
| Recurring financial income | 75 | €520,129 | €325,764 | -€194,365 | -37.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,070 | €1,191 | +€121 | +11.3% |
| Recurring financial charges | 65 | €1,070 | €1,191 | +€121 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €609,277 | €289,828 | -€319,450 | -52.4% |
| Income taxes | 67/77 | €219,982 | €150,269 | -€69,713 | -31.7% |
| Profit (loss) for the period | 9904 | €389,295 | €139,558 | -€249,737 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €389,295 | €139,558 | -€249,737 | -64.2% |
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 29 October 2026 via checked.be.