Quinthom: 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.
Quinthom
Largest movements
- Cash +€79,962
up €79,962 (+564%), from €14,171 to €94,133
mainly Net result for the year (+€97,135) and Receivables after one year (+€60,000)
- Receivables after one year -€60,000
down €60,000 (-100%), from €60,000 to €0
- Deferred charges and accrued income -€18,300
down €18,300 (-100%), from €18,300 to €0
- Tangible fixed assets -€15,347
down €15,347 (-3.1%), from €492,070 to €476,723
of which Land and buildings: -€12,161
- Debts after one year -€32,291
down €32,291 (-9.5%), from €341,443 to €309,152
- Other debts -€29,534
down €29,534 (-70.5%), from €41,895 to €12,360
- Reserves +€24,395
up €24,395 (+8.9%), from €274,240 to €298,635
- Tax, wage and social debts +€23,474
up €23,474 (+115%), from €20,369 to €43,843
of which Taxes: +€23,474
- Gross operating margin +€35,259
up €35,259 (+24.8%), from €142,068 to €177,327
- Taxes +€11,782
up €11,782 (+33.4%), from €35,324 to €47,106
- Write-downs -€2,205
down €2,205 (-100%), from €2,205 to €0
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 | €716,502 | €702,735 | -€13,768 | -1.9% |
| Fixed assets | 21/28 | €623,949 | €608,602 | -€15,347 | -2.5% |
| Tangible fixed assets | 22/27 | €492,070 | €476,723 | -€15,347 | -3.1% |
| Land and buildings | 22 | €488,566 | €476,406 | -€12,161 | -2.5% |
| Plant, machinery and equipment | 23 | €813 | €0 | -€813 | -100% |
| Furniture and vehicles | 24 | €2,691 | €318 | -€2,373 | -88.2% |
| Financial fixed assets | 28 | €131,879 | €131,879 | = | 0.0% |
| Current assets | 29/58 | €92,553 | €94,133 | +€1,579 | +1.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100% |
| Amounts receivable within one year | 40/41 | €83 | €0 | -€83 | -100% |
| Trade receivables | 40 | €83 | €0 | -€83 | -100% |
| Cash at bank and in hand | 54/58 | €14,171 | €94,133 | +€79,962 | +564% |
| Deferred charges and accrued income | 490/1 | €18,300 | €0 | -€18,300 | -100% |
| Total equity and liabilities | 10/49 | €716,502 | €702,735 | -€13,768 | -1.9% |
| Equity | 10/15 | €280,640 | €305,035 | +€24,395 | +8.7% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €274,240 | €298,635 | +€24,395 | +8.9% |
| Distributable reserves | 133 | €274,240 | €298,635 | +€24,395 | +8.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €435,862 | €397,700 | -€38,162 | -8.8% |
| Amounts payable after more than one year | 17 | €341,443 | €309,152 | -€32,291 | -9.5% |
| Financial debts | 170/4 | €341,443 | €309,152 | -€32,291 | -9.5% |
| Amounts payable within one year | 42/48 | €94,419 | €88,548 | -€5,871 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €31,288 | €32,291 | +€1,003 | +3.2% |
| Trade debts | 44 | €868 | €53 | -€815 | -93.8% |
| Suppliers | 440/4 | €868 | €53 | -€815 | -93.8% |
| Taxes, remuneration and social security | 45 | €20,369 | €43,843 | +€23,474 | +115% |
| Taxes | 450/3 | €20,369 | €43,843 | +€23,474 | +115% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €41,895 | €12,360 | -€29,534 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,640 | €15,347 | +€1,707 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,205 | €0 | -€2,205 | -100% |
| Other operating charges | 640/8 | €993 | €869 | -€125 | -12.5% |
| Gross operating margin | 9900 | €142,068 | €177,327 | +€35,259 | +24.8% |
| Operating profit (loss) | 9901 | €125,231 | €161,111 | +€35,881 | +28.7% |
| Financial income | 75/76B | €1,442 | €0 | -€1,442 | -100% |
| Recurring financial income | 75 | €1,442 | €0 | -€1,442 | -100% |
| Financial charges | 65/66B | €18,275 | €16,870 | -€1,405 | -7.7% |
| Recurring financial charges | 65 | €18,275 | €16,870 | -€1,405 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €108,398 | €144,242 | +€35,844 | +33.1% |
| Income taxes | 67/77 | €35,324 | €47,106 | +€11,782 | +33.4% |
| Profit (loss) for the period | 9904 | €73,074 | €97,135 | +€24,062 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,074 | €97,135 | +€24,062 | +32.9% |
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 14 October 2026 via checked.be.