QUINTINUS: what changed
Two fiscal 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.
QUINTINUS
Largest movements
- Tangible fixed assets +€32,486
up €32,486 (+37.1%), from €87,502 to €119,987
of which Furniture and vehicles: +€37,188
- Receivables within one year -€9,389
down €9,389 (-70.1%), from €13,394 to €4,005
of which Trade receivables: -€6,349
- Other debts +€42,511
new in 2025: €42,511
- Debts after one year -€22,061
down €22,061 (-33.6%), from €65,598 to €43,537
- Reserves -€7,051
down €7,051 (-3.3%), from €210,555 to €203,504
- Trade debts +€4,335
up €4,335 (+25.7%), from €16,870 to €21,206
- Financial income +€10,172
up €10,172 (+1674.2%), from €608 to €10,780
of which Non-recurring financial income: +€9,091
- Write-downs +€7,308
new in 2025: €7,308
- Gross operating margin +€3,824
up €3,824 (+3.4%), from €113,056 to €116,880
- Depreciation +€3,385
up €3,385 (+15.9%), from €21,274 to €24,659
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 | €333,460 | €355,459 | +€21,999 | +6.6% |
| Fixed assets | 21/28 | €87,502 | €119,987 | +€32,486 | +37.1% |
| Tangible fixed assets | 22/27 | €87,502 | €119,987 | +€32,486 | +37.1% |
| Land and buildings | 22 | €86,465 | €82,523 | -€3,942 | -4.6% |
| Plant, machinery and equipment | 23 | €1,036 | €277 | -€760 | -73.3% |
| Furniture and vehicles | 24 | - | €37,188 | +€37,188 | |
| Current assets | 29/58 | €245,958 | €235,472 | -€10,487 | -4.3% |
| Stocks and contracts in progress | 3 | €6,114 | €3,785 | -€2,329 | -38.1% |
| Stocks | 30/36 | €6,114 | €3,785 | -€2,329 | -38.1% |
| Amounts receivable within one year | 40/41 | €13,394 | €4,005 | -€9,389 | -70.1% |
| Trade receivables | 40 | €10,044 | €3,695 | -€6,349 | -63.2% |
| Other amounts receivable | 41 | €3,350 | €309 | -€3,040 | -90.8% |
| Cash at bank and in hand | 54/58 | €223,059 | €224,223 | +€1,164 | +0.5% |
| Deferred charges and accrued income | 490/1 | €3,391 | €3,458 | +€67 | +2.0% |
| Total equity and liabilities | 10/49 | €333,460 | €355,459 | +€21,999 | +6.6% |
| Equity | 10/15 | €210,278 | €205,418 | -€4,860 | -2.3% |
| Contributions | 10/11 | €13,100 | €13,100 | = | 0.0% |
| Reserves | 13 | €210,555 | €203,504 | -€7,051 | -3.3% |
| Distributable reserves | 133 | €210,555 | €203,504 | -€7,051 | -3.3% |
| Profit (loss) carried forward | 14 | -€13,378 | -€11,187 | +€2,191 | +16.4% |
| Amounts payable | 17/49 | €123,182 | €150,041 | +€26,859 | +21.8% |
| Amounts payable after more than one year | 17 | €65,598 | €43,537 | -€22,061 | -33.6% |
| Financial debts | 170/4 | €65,598 | €43,537 | -€22,061 | -33.6% |
| Amounts payable within one year | 42/48 | €57,584 | €105,905 | +€48,321 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | €20,947 | €22,061 | +€1,114 | +5.3% |
| Trade debts | 44 | €16,870 | €21,206 | +€4,335 | +25.7% |
| Suppliers | 440/4 | €16,870 | €21,206 | +€4,335 | +25.7% |
| Taxes, remuneration and social security | 45 | €19,767 | €20,127 | +€361 | +1.8% |
| Taxes | 450/3 | €19,767 | €20,127 | +€361 | +1.8% |
| Other amounts payable | 47/48 | - | €42,511 | +€42,511 | |
| Accrued charges and deferred income | 492/3 | - | €599 | +€599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,274 | €24,659 | +€3,385 | +15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,308 | +€7,308 | |
| Other operating charges | 640/8 | €3,611 | €4,113 | +€502 | +13.9% |
| Gross operating margin | 9900 | €113,056 | €116,880 | +€3,824 | +3.4% |
| Operating profit (loss) | 9901 | €88,170 | €80,801 | -€7,370 | -8.4% |
| Financial income | 75/76B | €608 | €10,780 | +€10,172 | +1674.2% |
| Recurring financial income | 75 | €608 | €1,689 | +€1,081 | +178.0% |
| Non-recurring financial income | 76B | - | €9,091 | +€9,091 | |
| Financial charges | 65/66B | €5,527 | €4,932 | -€595 | -10.8% |
| Recurring financial charges | 65 | €5,527 | €4,932 | -€595 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €83,251 | €86,649 | +€3,398 | +4.1% |
| Income taxes | 67/77 | €24,327 | €24,601 | +€274 | +1.1% |
| Profit (loss) for the period | 9904 | €58,924 | €62,048 | +€3,124 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,924 | €62,048 | +€3,124 | +5.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.