QUINTUPLEX ENGINEERING: 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.
What changed
QUINTUPLEX ENGINEERING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€851,179
2024 · €96,666+€754,513
Equity
€6.4m
2024 · €5.6m+€851,179
Cash
€2.2m
2024 · €495,454+€1.7m
Balance sheet total
€9.4m
2024 · €8.6m+€740,497
Largest movements
Assets
- Cash +€1.7m
up €1.7m (+353%), from €495,454 to €2.2m
mainly Net result for the year (+€851,179) and Investment in fixed assets (net) (+€598,179)
- Tangible fixed assets -€982,306
down €982,306 (-12.5%), from €7.8m to €6.9m
of which Land and buildings: -€980,704
Equity and liabilities
- Reserves +€831,038
up €831,038 (+461%), from €180,393 to €1.0m
of which Tax-exempt reserves: +€831,038
- Debts after one year -€354,136
down €354,136 (-18.1%), from €2.0m to €1.6m
- Provisions +€277,013
new in 2025: €277,013
Income statement
- Gross operating margin +€810,572
up €810,572 (+97.9%), from €827,794 to €1.6m
- Depreciation -€235,842
down €235,842 (-38.0%), from €619,968 to €384,126
- Taxes -€17,634
down €17,634 (-62.1%), from €28,414 to €10,780
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
€96,666
Gross operating margin
+€810,572
Depreciation
+€235,842
Other operating charges
-€11,029
Financial income
-€15,519
Financial charges
-€5,973
Taxes
+€17,634
Deferred taxes and other
-€277,013
Result 2025
€851,179
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.5m
Investment
+€598,179
Financing
-€393,682
Cash 2024
€495,454
From operations (derived)
+€1.5m
Net result for the year
+€851,179
Depreciation
+€384,126
Receivables within one year
+€25,000
Deferred charges and accrued income
-€203
Provisions
+€277,013
Trade debts
+€35,674
Tax, wage and social debts
+€21,735
Other debts
-€48,065
Accrued charges and deferred income
-€3,357
Investment (derived)
+€598,179
Investment in fixed assets (net)
+€598,179
Financing
-€393,682
Debts after one year
-€354,136
Current portion of long-term debt
-€39,546
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,646,083 | €9,386,580 | +€740,497 | +8.6% |
| Fixed assets | 21/28 | €7,837,947 | €6,855,641 | -€982,306 | -12.5% |
| Tangible fixed assets | 22/27 | €7,833,747 | €6,851,441 | -€982,306 | -12.5% |
| Land and buildings | 22 | €7,828,646 | €6,847,942 | -€980,704 | -12.5% |
| Plant, machinery and equipment | 23 | €5,102 | €3,500 | -€1,602 | -31.4% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €808,136 | €2,530,938 | +€1.7m | +213% |
| Amounts receivable after more than one year | 29 | €220,000 | €220,000 | = | 0.0% |
| Other amounts receivable | 291 | €220,000 | €220,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,539 | €61,539 | -€25,000 | -28.9% |
| Trade receivables | 40 | €28,225 | €19,840 | -€8,386 | -29.7% |
| Other amounts receivable | 41 | €58,314 | €41,700 | -€16,614 | -28.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €495,454 | €2,243,054 | +€1.7m | +353% |
| Deferred charges and accrued income | 490/1 | €6,142 | €6,345 | +€203 | +3.3% |
| Total equity and liabilities | 10/49 | €8,646,083 | €9,386,580 | +€740,497 | +8.6% |
| Equity | 10/15 | €5,557,296 | €6,408,475 | +€851,179 | +15.3% |
| Contributions | 10/11 | €118,000 | €118,000 | = | 0.0% |
| Capital | 10 | €118,000 | €0 | -€118,000 | -100% |
| Issued capital | 100 | €118,000 | €0 | -€118,000 | -100% |
| Contributions outside capital | 11 | - | €118,000 | +€118,000 | |
| Other | 1109/19 | - | €118,000 | +€118,000 | |
| Reserves | 13 | €180,393 | €1,011,431 | +€831,038 | +461% |
| Non-distributable reserves | 130/1 | €11,800 | €0 | -€11,800 | -100% |
| Legal reserve | 130 | €11,800 | €0 | -€11,800 | -100% |
| Tax-exempt reserves | 132 | - | €831,038 | +€831,038 | |
| Distributable reserves | 133 | €168,593 | €180,393 | +€11,800 | +7.0% |
| Profit (loss) carried forward | 14 | €5,258,903 | €5,279,044 | +€20,141 | +0.4% |
| Provisions and deferred taxes | 16 | - | €277,013 | +€277,013 | |
| Deferred taxes | 168 | - | €277,013 | +€277,013 | |
| Amounts payable | 17/49 | €3,088,787 | €2,701,092 | -€387,695 | -12.6% |
| Amounts payable after more than one year | 17 | €1,951,474 | €1,597,338 | -€354,136 | -18.1% |
| Financial debts | 170/4 | €1,951,474 | €1,597,338 | -€354,136 | -18.1% |
| Amounts payable within one year | 42/48 | €1,131,530 | €1,101,328 | -€30,202 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €393,682 | €354,136 | -€39,546 | -10.0% |
| Trade debts | 44 | €4,759 | €40,434 | +€35,674 | +750% |
| Suppliers | 440/4 | €4,759 | €40,434 | +€35,674 | +750% |
| Taxes, remuneration and social security | 45 | €0 | €21,735 | +€21,735 | |
| Taxes | 450/3 | €0 | €21,735 | +€21,735 | |
| Other amounts payable | 47/48 | €733,089 | €685,024 | -€48,065 | -6.6% |
| Accrued charges and deferred income | 492/3 | €5,783 | €2,426 | -€3,357 | -58.1% |
| Non-recurring operating income | 76A | €13,611 | €1,149,806 | +€1.1m | +8,347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619,968 | €384,126 | -€235,842 | -38.0% |
| Other operating charges | 640/8 | €70,680 | €81,710 | +€11,029 | +15.6% |
| Gross operating margin | 9900 | €827,794 | €1,638,366 | +€810,572 | +97.9% |
| Operating profit (loss) | 9901 | €137,146 | €1,172,530 | +€1.0m | +755% |
| Financial income | 75/76B | €17,813 | €2,295 | -€15,519 | -87.1% |
| Recurring financial income | 75 | €17,813 | €2,295 | -€15,519 | -87.1% |
| Financial charges | 65/66B | €29,880 | €35,853 | +€5,973 | +20.0% |
| Recurring financial charges | 65 | €29,880 | €35,853 | +€5,973 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €125,080 | €1,138,972 | +€1.0m | +811% |
| Transfer to deferred taxes | 680 | - | €277,013 | +€277,013 | |
| Income taxes | 67/77 | €28,414 | €10,780 | -€17,634 | -62.1% |
| Profit (loss) for the period | 9904 | €96,666 | €851,179 | +€754,513 | +781% |
| Transfer to tax-exempt reserves | 689 | - | €831,038 | +€831,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,666 | €20,141 | -€76,525 | -79.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.