QUINTEX: what changed
QUINTEX
Largest movements
- Financial fixed assets +€204,301
new in 2025: €204,301
- Cash +€19,033
up €19,033 (+83.4%), from €22,831 to €41,864
mainly Other debts (+€188,130) and Net result for the year (+€25,820)
- Tangible fixed assets -€11,498
down €11,498 (-21.0%), from €54,743 to €43,245
- Other debts +€188,130
up €188,130 (+352%), from €53,437 to €241,567
- Reserves +€25,820
up €25,820 (+145%), from €17,771 to €43,591
- Financial income +€20,520
new in 2025: €20,520
- Gross operating margin -€7,301
down €7,301 (-18.4%), from €39,650 to €32,350
- Depreciation +€5,711
up €5,711 (+40.9%), from €13,949 to €19,660
- Taxes -€1,170
down €1,170 (-15.9%), from €7,352 to €6,182
- Other operating charges +€603
up €603 (+107%), from €563 to €1,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,117 | €298,372 | +€214,255 | +255% |
| Fixed assets | 21/28 | €54,743 | €247,546 | +€192,803 | +352% |
| Tangible fixed assets | 22/27 | €54,743 | €43,245 | -€11,498 | -21.0% |
| Furniture and vehicles | 24 | €54,743 | €43,245 | -€11,498 | -21.0% |
| Financial fixed assets | 28 | - | €204,301 | +€204,301 | |
| Current assets | 29/58 | €29,374 | €50,825 | +€21,451 | +73.0% |
| Amounts receivable within one year | 40/41 | €5,757 | €8,605 | +€2,847 | +49.5% |
| Trade receivables | 40 | €5,757 | €4,786 | -€971 | -16.9% |
| Other amounts receivable | 41 | - | €3,818 | +€3,818 | |
| Cash at bank and in hand | 54/58 | €22,831 | €41,864 | +€19,033 | +83.4% |
| Deferred charges and accrued income | 490/1 | €786 | €357 | -€429 | -54.6% |
| Total equity and liabilities | 10/49 | €84,117 | €298,372 | +€214,255 | +255% |
| Equity | 10/15 | €20,771 | €46,591 | +€25,820 | +124% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,771 | €43,591 | +€25,820 | +145% |
| Distributable reserves | 133 | €17,771 | €43,591 | +€25,820 | +145% |
| Amounts payable | 17/49 | €63,346 | €251,781 | +€188,435 | +297% |
| Amounts payable within one year | 42/48 | €61,996 | €250,381 | +€188,385 | +304% |
| Trade debts | 44 | €763 | €117 | -€646 | -84.7% |
| Suppliers | 440/4 | €763 | €117 | -€646 | -84.7% |
| Taxes, remuneration and social security | 45 | €7,796 | €8,696 | +€900 | +11.5% |
| Taxes | 450/3 | €7,796 | €8,696 | +€900 | +11.5% |
| Other amounts payable | 47/48 | €53,437 | €241,567 | +€188,130 | +352% |
| Accrued charges and deferred income | 492/3 | €1,350 | €1,400 | +€50 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,949 | €19,660 | +€5,711 | +40.9% |
| Other operating charges | 640/8 | €563 | €1,166 | +€603 | +107% |
| Gross operating margin | 9900 | €39,650 | €32,350 | -€7,301 | -18.4% |
| Operating profit (loss) | 9901 | €25,138 | €11,523 | -€13,615 | -54.2% |
| Financial income | 75/76B | - | €20,520 | +€20,520 | |
| Recurring financial income | 75 | - | €20,520 | +€20,520 | |
| Financial charges | 65/66B | €15 | €42 | +€27 | +181% |
| Recurring financial charges | 65 | €15 | €42 | +€27 | +181% |
| Profit (loss) for the period before taxes | 9903 | €25,123 | €32,001 | +€6,878 | +27.4% |
| Income taxes | 67/77 | €7,352 | €6,182 | -€1,170 | -15.9% |
| Profit (loss) for the period | 9904 | €17,771 | €25,820 | +€8,048 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,771 | €25,820 | +€8,048 | +45.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.