QUINTHA: 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.
QUINTHA
Largest movements
- Cash -€11,217
down €11,217 (-42.5%), from €26,402 to €15,184
mainly Debts after one year (-€36,693) and Trade debts (-€8,438)
- Deferred charges and accrued income -€5,000
down €5,000 (-25.0%), from €20,001 to €15,001
- Debts after one year -€36,693
down €36,693 (-49.2%), from €74,598 to €37,905
- Reserves +€26,534
up €26,534 (+9.0%), from €294,886 to €321,421
of which Distributable reserves: +€26,534
- Trade debts -€8,438
down €8,438 (-55.7%), from €15,146 to €6,709
- Gross operating margin -€26,695
down €26,695 (-32.3%), from €82,752 to €56,058
- Taxes -€2,439
down €2,439 (-16.2%), from €15,021 to €12,582
- Other operating charges -€2,152
down €2,152 (-57.9%), from €3,714 to €1,562
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 | €491,850 | €472,479 | -€19,371 | -3.9% |
| Fixed assets | 21/28 | €29,920 | €25,268 | -€4,652 | -15.5% |
| Tangible fixed assets | 22/27 | €29,920 | €25,268 | -€4,652 | -15.5% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €7,530 | €5,288 | -€2,242 | -29.8% |
| Furniture and vehicles | 24 | €22,390 | €19,980 | -€2,410 | -10.8% |
| Current assets | 29/58 | €461,930 | €447,210 | -€14,719 | -3.2% |
| Amounts receivable after more than one year | 29 | €280,000 | €280,000 | = | 0.0% |
| Other amounts receivable | 291 | €280,000 | €280,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,527 | €137,026 | +€1,499 | +1.1% |
| Trade receivables | 40 | €7,767 | - | -€7,767 | |
| Other amounts receivable | 41 | €127,760 | €137,026 | +€9,265 | +7.3% |
| Cash at bank and in hand | 54/58 | €26,402 | €15,184 | -€11,217 | -42.5% |
| Deferred charges and accrued income | 490/1 | €20,001 | €15,001 | -€5,000 | -25.0% |
| Total equity and liabilities | 10/49 | €491,850 | €472,479 | -€19,371 | -3.9% |
| Equity | 10/15 | €314,886 | €341,421 | +€26,534 | +8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €294,886 | €321,421 | +€26,534 | +9.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,304 | €12,304 | = | 0.0% |
| Distributable reserves | 133 | €280,583 | €307,117 | +€26,534 | +9.5% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €156,964 | €111,058 | -€45,905 | -29.2% |
| Amounts payable after more than one year | 17 | €74,598 | €37,905 | -€36,693 | -49.2% |
| Financial debts | 170/4 | €74,598 | €37,905 | -€36,693 | -49.2% |
| Amounts payable within one year | 42/48 | €82,366 | €73,153 | -€9,213 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €35,519 | €36,693 | +€1,174 | +3.3% |
| Trade debts | 44 | €15,146 | €6,709 | -€8,438 | -55.7% |
| Suppliers | 440/4 | €15,146 | €6,709 | -€8,438 | -55.7% |
| Taxes, remuneration and social security | 45 | €30,227 | €29,752 | -€476 | -1.6% |
| Taxes | 450/3 | €30,227 | €29,752 | -€476 | -1.6% |
| Other amounts payable | 47/48 | €1,473 | - | -€1,473 | |
| Remuneration, social security and pensions | 62 | €180 | - | -€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,640 | €7,544 | -€96 | -1.3% |
| Other operating charges | 640/8 | €3,714 | €1,562 | -€2,152 | -57.9% |
| Gross operating margin | 9900 | €82,752 | €56,058 | -€26,695 | -32.3% |
| Operating profit (loss) | 9901 | €71,218 | €46,952 | -€24,266 | -34.1% |
| Financial income | 75/76B | €480 | €145 | -€334 | -69.7% |
| Recurring financial income | 75 | €480 | €145 | -€334 | -69.7% |
| Financial charges | 65/66B | €7,569 | €7,981 | +€412 | +5.4% |
| Recurring financial charges | 65 | €7,569 | €7,981 | +€412 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €64,129 | €39,116 | -€25,013 | -39.0% |
| Income taxes | 67/77 | €15,021 | €12,582 | -€2,439 | -16.2% |
| Profit (loss) for the period | 9904 | €49,108 | €26,534 | -€22,573 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,108 | €26,534 | -€22,573 | -46.0% |
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 9 October 2026 via checked.be.