Quintus Associates: 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.
Quintus Associates
Largest movements
- Receivables within one year -€18,809
down €18,809 (-27.2%), from €69,220 to €50,411
of which Trade receivables: -€9,458
- Cash -€8,135
down €8,135 (-38.4%), from €21,210 to €13,075
mainly Contributions, distributions and other (-€29,393) and Current portion of long-term debt (-€6,862)
- Deferred charges and accrued income +€3,828
up €3,828 (+92.8%), from €4,125 to €7,953
- Tangible fixed assets -€2,417
down €2,417 (-41.4%), from €5,842 to €3,425
of which Furniture and vehicles: -€2,258
- Profit (loss) carried forward -€35,796
no longer reported in 2025 (was €35,796)
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Current portion of long-term debt -€6,862
no longer reported in 2025 (was €6,862)
- Other debts +€6,499
up €6,499 (+18.4%), from €35,294 to €41,793
- Tax, wage and social debts -€3,383
down €3,383 (-28.0%), from €12,080 to €8,697
- Gross operating margin -€43,315
down €43,315 (-75.0%), from €57,762 to €14,448
- Taxes -€7,715
down €7,715 (-67.2%), from €11,479 to €3,764
- Depreciation -€2,556
down €2,556 (-51.4%), from €4,974 to €2,417
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 | €101,898 | €76,364 | -€25,534 | -25.1% |
| Fixed assets | 21/28 | €7,342 | €4,925 | -€2,417 | -32.9% |
| Tangible fixed assets | 22/27 | €5,842 | €3,425 | -€2,417 | -41.4% |
| Furniture and vehicles | 24 | €4,671 | €2,413 | -€2,258 | -48.3% |
| Other tangible fixed assets | 26 | €1,171 | €1,012 | -€159 | -13.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €94,555 | €71,439 | -€23,116 | -24.4% |
| Amounts receivable within one year | 40/41 | €69,220 | €50,411 | -€18,809 | -27.2% |
| Trade receivables | 40 | €34,626 | €25,168 | -€9,458 | -27.3% |
| Other amounts receivable | 41 | €34,594 | €25,243 | -€9,351 | -27.0% |
| Cash at bank and in hand | 54/58 | €21,210 | €13,075 | -€8,135 | -38.4% |
| Deferred charges and accrued income | 490/1 | €4,125 | €7,953 | +€3,828 | +92.8% |
| Total equity and liabilities | 10/49 | €101,898 | €76,364 | -€25,534 | -25.1% |
| Equity | 10/15 | €41,996 | €18,600 | -€23,396 | -55.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Profit (loss) carried forward | 14 | €35,796 | - | -€35,796 | |
| Amounts payable | 17/49 | €59,901 | €57,764 | -€2,137 | -3.6% |
| Amounts payable within one year | 42/48 | €59,901 | €57,764 | -€2,137 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €6,862 | - | -€6,862 | |
| Financial debts | 43 | €1,314 | €761 | -€553 | -42.1% |
| Credit institutions | 430/8 | €1,314 | €761 | -€553 | -42.1% |
| Trade debts | 44 | €4,351 | €6,513 | +€2,163 | +49.7% |
| Suppliers | 440/4 | €4,351 | €6,513 | +€2,163 | +49.7% |
| Taxes, remuneration and social security | 45 | €12,080 | €8,697 | -€3,383 | -28.0% |
| Taxes | 450/3 | €12,080 | €8,697 | -€3,383 | -28.0% |
| Other amounts payable | 47/48 | €35,294 | €41,793 | +€6,499 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,974 | €2,417 | -€2,556 | -51.4% |
| Other operating charges | 640/8 | €1,618 | €1,746 | +€128 | +7.9% |
| Gross operating margin | 9900 | €57,762 | €14,448 | -€43,315 | -75.0% |
| Operating profit (loss) | 9901 | €51,171 | €10,284 | -€40,887 | -79.9% |
| Financial income | 75/76B | €856 | €958 | +€102 | +11.9% |
| Recurring financial income | 75 | €856 | €958 | +€102 | +11.9% |
| Financial charges | 65/66B | €1,995 | €1,482 | -€513 | -25.7% |
| Recurring financial charges | 65 | €1,995 | €1,482 | -€513 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €50,032 | €9,760 | -€40,272 | -80.5% |
| Income taxes | 67/77 | €11,479 | €3,764 | -€7,715 | -67.2% |
| Profit (loss) for the period | 9904 | €38,554 | €5,997 | -€32,557 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,554 | €5,997 | -€32,557 | -84.4% |
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 25 October 2026 via checked.be.