QUINTESSENCE PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€65,421
up €65,421 (+682.7%), from €9,582 to €75,003
of which Trade receivables: +€66,484
- Cash -€25,438
down €25,438 (-33.8%), from €75,176 to €49,738
mainly Receivables within one year (-€65,421) and Other debts (-€9,585)
- Deferred charges and accrued income -€3,064
down €3,064 (-95.0%), from €3,227 to €162
- Reserves +€44,125
up €44,125 (+74.5%), from €59,225 to €103,350
- Other debts -€9,585
down €9,585 (-92.6%), from €10,355 to €770
- Tax, wage and social debts +€6,514
up €6,514 (+254.0%), from €2,565 to €9,079
- Trade debts -€4,606
down €4,606 (-81.8%), from €5,629 to €1,023
- Gross operating margin +€17,739
up €17,739 (+38.7%), from €45,870 to €63,609
- Taxes +€4,048
up €4,048 (+32.2%), from €12,565 to €16,613
- Financial charges +€1,877
up €1,877 (+547.4%), from €343 to €2,220
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 | €90,174 | €126,622 | +€36,448 | +40.4% |
| Fixed assets | 21/28 | €2,189 | €1,719 | -€471 | -21.5% |
| Tangible fixed assets | 22/27 | €2,189 | €1,719 | -€471 | -21.5% |
| Plant, machinery and equipment | 23 | €1,583 | €1,264 | -€319 | -20.2% |
| Other tangible fixed assets | 26 | €606 | €455 | -€152 | -25.0% |
| Current assets | 29/58 | €87,985 | €124,904 | +€36,919 | +42.0% |
| Amounts receivable within one year | 40/41 | €9,582 | €75,003 | +€65,421 | +682.7% |
| Trade receivables | 40 | €7,636 | €74,120 | +€66,484 | +870.7% |
| Other amounts receivable | 41 | €1,946 | €883 | -€1,063 | -54.6% |
| Cash at bank and in hand | 54/58 | €75,176 | €49,738 | -€25,438 | -33.8% |
| Deferred charges and accrued income | 490/1 | €3,227 | €162 | -€3,064 | -95.0% |
| Total equity and liabilities | 10/49 | €90,174 | €126,622 | +€36,448 | +40.4% |
| Equity | 10/15 | €71,625 | €115,750 | +€44,125 | +61.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,225 | €103,350 | +€44,125 | +74.5% |
| Distributable reserves | 133 | €59,225 | €103,350 | +€44,125 | +74.5% |
| Amounts payable | 17/49 | €18,549 | €10,872 | -€7,677 | -41.4% |
| Amounts payable within one year | 42/48 | €18,549 | €10,872 | -€7,677 | -41.4% |
| Trade debts | 44 | €5,629 | €1,023 | -€4,606 | -81.8% |
| Suppliers | 440/4 | €5,629 | €1,023 | -€4,606 | -81.8% |
| Taxes, remuneration and social security | 45 | €2,565 | €9,079 | +€6,514 | +254.0% |
| Taxes | 450/3 | €2,565 | €9,079 | +€6,514 | +254.0% |
| Other amounts payable | 47/48 | €10,355 | €770 | -€9,585 | -92.6% |
| Non-recurring operating income | 76A | - | €2,262 | +€2,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €471 | +€306 | +186.0% |
| Other operating charges | 640/8 | €821 | €333 | -€488 | -59.4% |
| Gross operating margin | 9900 | €45,870 | €63,609 | +€17,739 | +38.7% |
| Operating profit (loss) | 9901 | €44,884 | €62,805 | +€17,921 | +39.9% |
| Financial income | 75/76B | €177 | €152 | -€24 | -13.7% |
| Recurring financial income | 75 | €177 | €152 | -€24 | -13.7% |
| Financial charges | 65/66B | €343 | €2,220 | +€1,877 | +547.4% |
| Recurring financial charges | 65 | €343 | €2,220 | +€1,877 | +547.4% |
| Profit (loss) for the period before taxes | 9903 | €44,717 | €60,738 | +€16,020 | +35.8% |
| Income taxes | 67/77 | €12,565 | €16,613 | +€4,048 | +32.2% |
| Profit (loss) for the period | 9904 | €32,153 | €44,125 | +€11,972 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,153 | €44,125 | +€11,972 | +37.2% |
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 12 October 2026 via checked.be.