Quinthan: 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.
Quinthan
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash -€31,244
down €31,244 (-60.2%), from €51,859 to €20,615
mainly Debts after one year (-€80,484) and Investment in fixed assets (net) (-€34,018)
- Tangible fixed assets +€31,147
new in 2025: €31,147
- Debts after one year -€80,484
down €80,484 (-68.2%), from €118,050 to €37,566
- Reserves -€14,100
down €14,100 (-100%), from €14,100 to €0
of which Distributable reserves: -€14,100
- Profit (loss) carried forward -€5,548
down €5,548, from €0 to -€5,548
- Gross operating margin -€4,992
down €4,992 (-37.6%), from -€13,281 to -€18,273
- Depreciation +€2,871
up €2,871, from €0 to €2,871
- Financial income +€2,317
up €2,317 (+1,962%), from €118 to €2,435
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 | €153,752 | €54,200 | -€99,552 | -64.7% |
| Fixed assets | 21/28 | - | €31,147 | +€31,147 | |
| Tangible fixed assets | 22/27 | - | €31,147 | +€31,147 | |
| Furniture and vehicles | 24 | - | €31,147 | +€31,147 | |
| Current assets | 29/58 | €153,752 | €23,053 | -€130,699 | -85.0% |
| Stocks and contracts in progress | 3 | €450 | €450 | = | 0.0% |
| Stocks | 30/36 | €450 | €450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,443 | €821 | -€623 | -43.1% |
| Trade receivables | 40 | €15 | €0 | -€15 | -100% |
| Other amounts receivable | 41 | €1,428 | €821 | -€608 | -42.5% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €51,859 | €20,615 | -€31,244 | -60.2% |
| Deferred charges and accrued income | 490/1 | - | €1,167 | +€1,167 | |
| Total equity and liabilities | 10/49 | €153,752 | €54,200 | -€99,552 | -64.7% |
| Equity | 10/15 | €34,100 | €14,452 | -€19,648 | -57.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,100 | €0 | -€14,100 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €14,100 | €0 | -€14,100 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€5,548 | -€5,548 | |
| Amounts payable | 17/49 | €119,652 | €39,748 | -€79,904 | -66.8% |
| Amounts payable after more than one year | 17 | €118,050 | €37,566 | -€80,484 | -68.2% |
| Other amounts payable | 178/9 | €118,050 | €37,566 | -€80,484 | -68.2% |
| Amounts payable within one year | 42/48 | €903 | €2,182 | +€1,279 | +142% |
| Trade debts | 44 | €879 | €2,182 | +€1,303 | +148% |
| Suppliers | 440/4 | €879 | €2,182 | +€1,303 | +148% |
| Taxes, remuneration and social security | 45 | €9 | €0 | -€9 | -100% |
| Taxes | 450/3 | €9 | €0 | -€9 | -100% |
| Other amounts payable | 47/48 | €15 | €0 | -€15 | -100% |
| Accrued charges and deferred income | 492/3 | €699 | €0 | -€699 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €2,871 | +€2,871 | |
| Other operating charges | 640/8 | €785 | €766 | -€19 | -2.4% |
| Gross operating margin | 9900 | -€13,281 | -€18,273 | -€4,992 | -37.6% |
| Operating profit (loss) | 9901 | -€14,066 | -€21,910 | -€7,844 | -55.8% |
| Financial income | 75/76B | €118 | €2,435 | +€2,317 | +1,962% |
| Recurring financial income | 75 | €118 | €2,435 | +€2,317 | +1,962% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,987 | -€19,516 | -€5,529 | -39.5% |
| Income taxes | 67/77 | €44 | €132 | +€88 | +199% |
| Profit (loss) for the period | 9904 | -€14,031 | -€19,648 | -€5,617 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,031 | -€19,648 | -€5,617 | -40.0% |
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 15 October 2026 via checked.be.