QUINTO SERVICES: 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.
What changed
QUINTO SERVICES
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€535,248
2024 · €2.8m-€2.3m
Equity
€2.1m
2024 · €1.6m+€535,248
Cash
€46,480
2024 · €202,296-€155,817
Balance sheet total
€26.1m
2024 · €26.5m-€387,939
Largest movements
Assets
- Receivables within one year +€2.6m
up €2.6m (+108.6%), from €2.4m to €5.0m
of which Other amounts receivable: +€2.7m
- Receivables after one year -€2.3m
no longer reported in 2025 (was €2.3m)
- Tangible fixed assets -€554,257
down €554,257 (-4.8%), from €11.4m to €10.9m
Equity and liabilities
- Debts after one year -€937,432
down €937,432 (-3.9%), from €24.0m to €23.0m
of which Financial debts: -€792,000
- Profit (loss) carried forward +€532,479
up €532,479 (+55.1%), from €965,566 to €1.5m
Income statement
- Financial income -€2.3m
down €2.3m (-90.3%), from €2.5m to €245,921
- Gross operating margin -€232,851
down €232,851 (-10.8%), from €2.1m to €1.9m
- Financial charges -€108,131
down €108,131 (-9.8%), from €1.1m to €990,286
of which Financial charges: -€93,303
- Write-downs -€102,365
down €102,365, from €51,182 to -€51,182
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.
Result 2024
€2.8m
Gross operating margin
-€232,851
Depreciation
-€301
Write-downs
+€102,365
Other operating charges
-€7,165
Financial income
-€2.3m
Financial charges
+€108,131
Taxes
+€21,481
Result 2025
€535,248
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.
From operations
+€787,464
Investment
-€5,849
Financing
-€937,432
Cash 2024
€202,296
From operations (derived)
+€787,464
Net result for the year
+€535,248
Depreciation
+€560,106
Receivables after one year
+€2.3m
Receivables within one year
-€2.6m
Deferred charges and accrued income
+€7,213
Trade debts
+€100,543
Tax, wage and social debts
-€10,783
Advances received
-€70,180
Smaller working-capital items
-€5,337
Investment (derived)
-€5,849
Investment in fixed assets (net)
-€5,849
Current investments
+€0
Financing
-€937,432
Debts after one year
-€937,432
Cash 2025
€46,480
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,476,617 | €26,088,677 | -€387,939 | -1.5% |
| Fixed assets | 21/28 | €21,555,600 | €21,001,343 | -€554,257 | -2.6% |
| Tangible fixed assets | 22/27 | €11,433,317 | €10,879,060 | -€554,257 | -4.8% |
| Land and buildings | 22 | €11,433,317 | €10,879,060 | -€554,257 | -4.8% |
| Financial fixed assets | 28 | €10,122,283 | €10,122,283 | = | 0.0% |
| Current assets | 29/58 | €4,921,016 | €5,087,334 | +€166,318 | +3.4% |
| Amounts receivable after more than one year | 29 | €2,258,901 | - | -€2.3m | |
| Other amounts receivable | 291 | €2,258,901 | - | -€2.3m | |
| Amounts receivable within one year | 40/41 | €2,383,732 | €4,971,981 | +€2.6m | +108.6% |
| Trade receivables | 40 | €94,807 | €1,862 | -€92,946 | -98.0% |
| Other amounts receivable | 41 | €2,288,925 | €4,970,119 | +€2.7m | +117.1% |
| Current investments | 50/53 | €366 | €366 | -€0 | -0.1% |
| Cash at bank and in hand | 54/58 | €202,296 | €46,480 | -€155,817 | -77.0% |
| Deferred charges and accrued income | 490/1 | €75,720 | €68,508 | -€7,213 | -9.5% |
| Total equity and liabilities | 10/49 | €26,476,617 | €26,088,677 | -€387,939 | -1.5% |
| Equity | 10/15 | €1,575,475 | €2,110,723 | +€535,248 | +34.0% |
| Contributions | 10/11 | €552,197 | €552,197 | = | 0.0% |
| Capital | 10 | €552,197 | €552,197 | = | 0.0% |
| Issued capital | 100 | €552,197 | €552,197 | = | 0.0% |
| Reserves | 13 | €57,712 | €60,482 | +€2,770 | +4.8% |
| Non-distributable reserves | 130/1 | €52,450 | €55,220 | +€2,770 | +5.3% |
| Legal reserve | 130 | €52,450 | €55,220 | +€2,770 | +5.3% |
| Tax-exempt reserves | 132 | €5,262 | €5,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €965,566 | €1,498,044 | +€532,479 | +55.1% |
| Amounts payable | 17/49 | €24,901,141 | €23,977,954 | -€923,188 | -3.7% |
| Amounts payable after more than one year | 17 | €23,971,432 | €23,034,000 | -€937,432 | -3.9% |
| Financial debts | 170/4 | €23,826,000 | €23,034,000 | -€792,000 | -3.3% |
| Other amounts payable | 178/9 | €145,432 | - | -€145,432 | |
| Amounts payable within one year | 42/48 | €911,994 | €930,607 | +€18,613 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €792,000 | €792,000 | = | 0.0% |
| Trade debts | 44 | €38,064 | €138,607 | +€100,543 | +264.1% |
| Suppliers | 440/4 | €38,064 | €138,607 | +€100,543 | +264.1% |
| Advances received on contracts in progress | 46 | €70,180 | - | -€70,180 | |
| Taxes, remuneration and social security | 45 | €10,783 | - | -€10,783 | |
| Taxes | 450/3 | €10,783 | - | -€10,783 | |
| Other amounts payable | 47/48 | €968 | - | -€968 | |
| Accrued charges and deferred income | 492/3 | €17,716 | €13,347 | -€4,369 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559,805 | €560,106 | +€301 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,182 | -€51,182 | -€102,365 | |
| Other operating charges | 640/8 | €131,422 | €138,587 | +€7,165 | +5.5% |
| Gross operating margin | 9900 | €2,149,234 | €1,916,383 | -€232,851 | -10.8% |
| Operating profit (loss) | 9901 | €1,406,824 | €1,268,872 | -€137,952 | -9.8% |
| Financial income | 75/76B | €2,529,950 | €245,921 | -€2.3m | -90.3% |
| Recurring financial income | 75 | €2,529,950 | €245,921 | -€2.3m | -90.3% |
| Financial charges | 65/66B | €1,098,417 | €990,286 | -€108,131 | -9.8% |
| Recurring financial charges | 65 | €1,083,589 | €990,286 | -€93,303 | -8.6% |
| Non-recurring financial charges | 66B | €14,828 | - | -€14,828 | |
| Profit (loss) for the period before taxes | 9903 | €2,838,357 | €524,508 | -€2.3m | -81.5% |
| Income taxes | 67/77 | €10,741 | -€10,741 | -€21,481 | |
| Profit (loss) for the period | 9904 | €2,827,616 | €535,248 | -€2.3m | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,827,616 | €535,248 | -€2.3m | -81.1% |
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 9 October 2026 via checked.be.