QUINTUS L.M.: 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 L.M.
Largest movements
- Receivables within one year +€27,470
up €27,470 (+36.5%), from €75,345 to €102,816
of which Trade receivables: +€41,686
- Deferred charges and accrued income +€10,713
up €10,713 (+160%), from €6,700 to €17,413
- Cash -€8,614
down €8,614 (-15.8%), from €54,665 to €46,051
mainly Contributions, distributions and other (-€151,749) and Receivables within one year (-€27,470)
- Receivables after one year -€8,112
down €8,112 (-12.4%), from €65,488 to €57,375
- Financial fixed assets +€2,500
up €2,500 (+16.7%), from €15,000 to €17,500
- Other debts +€61,994
up €61,994 (+66.3%), from €93,500 to €155,494
- Profit (loss) carried forward -€53,919
no longer reported in 2025 (was €53,919)
- Tax, wage and social debts +€14,223
up €14,223 (+51.7%), from €27,523 to €41,746
- Trade debts +€2,536
up €2,536 (+1,169%), from €217 to €2,753
- Turnover -€207,090
no longer reported in 2025 (was €207,090)
- Purchases and services -€150,536
no longer reported in 2025 (was €150,536)
- Gross operating margin +€32,810
up €32,810 (+35.7%), from €91,953 to €124,763
- Taxes +€7,779
up €7,779 (+38.4%), from €20,251 to €28,030
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 | €219,018 | €243,851 | +€24,834 | +11.3% |
| Fixed assets | 21/28 | €16,820 | €20,197 | +€3,377 | +20.1% |
| Tangible fixed assets | 22/27 | €1,820 | €2,697 | +€877 | +48.2% |
| Furniture and vehicles | 24 | €1,018 | €1,896 | +€877 | +86.1% |
| Other tangible fixed assets | 26 | €802 | €802 | = | 0.0% |
| Financial fixed assets | 28 | €15,000 | €17,500 | +€2,500 | +16.7% |
| Current assets | 29/58 | €202,198 | €223,654 | +€21,457 | +10.6% |
| Amounts receivable after more than one year | 29 | €65,488 | €57,375 | -€8,112 | -12.4% |
| Other amounts receivable | 291 | €65,488 | €57,375 | -€8,112 | -12.4% |
| Amounts receivable within one year | 40/41 | €75,345 | €102,816 | +€27,470 | +36.5% |
| Trade receivables | 40 | €33,500 | €75,186 | +€41,686 | +124% |
| Other amounts receivable | 41 | €41,846 | €27,630 | -€14,216 | -34.0% |
| Cash at bank and in hand | 54/58 | €54,665 | €46,051 | -€8,614 | -15.8% |
| Deferred charges and accrued income | 490/1 | €6,700 | €17,413 | +€10,713 | +160% |
| Total equity and liabilities | 10/49 | €219,018 | €243,851 | +€24,834 | +11.3% |
| Equity | 10/15 | €97,778 | €43,859 | -€53,919 | -55.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,859 | €38,859 | = | 0.0% |
| Distributable reserves | 133 | €38,859 | €38,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,919 | - | -€53,919 | |
| Amounts payable | 17/49 | €121,240 | €199,993 | +€78,753 | +65.0% |
| Amounts payable within one year | 42/48 | €121,240 | €199,993 | +€78,753 | +65.0% |
| Trade debts | 44 | €217 | €2,753 | +€2,536 | +1,169% |
| Suppliers | 440/4 | €217 | €2,753 | +€2,536 | +1,169% |
| Taxes, remuneration and social security | 45 | €27,523 | €41,746 | +€14,223 | +51.7% |
| Taxes | 450/3 | €27,523 | €41,746 | +€14,223 | +51.7% |
| Other amounts payable | 47/48 | €93,500 | €155,494 | +€61,994 | +66.3% |
| Turnover | 70 | €207,090 | - | -€207,090 | |
| Goods, raw materials, services and sundry goods | 60/61 | €150,536 | - | -€150,536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246 | €544 | +€298 | +121% |
| Other operating charges | 640/8 | €761 | €807 | +€46 | +6.0% |
| Non-recurring operating charges | 66A | - | €95 | +€95 | |
| Gross operating margin | 9900 | €91,953 | €124,763 | +€32,810 | +35.7% |
| Operating profit (loss) | 9901 | €90,947 | €123,318 | +€32,371 | +35.6% |
| Financial income | 75/76B | €3,396 | €2,721 | -€676 | -19.9% |
| Recurring financial income | 75 | €3,396 | €2,721 | -€676 | -19.9% |
| Financial charges | 65/66B | €530 | €179 | -€351 | -66.2% |
| Recurring financial charges | 65 | €530 | €179 | -€351 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €93,813 | €125,860 | +€32,047 | +34.2% |
| Income taxes | 67/77 | €20,251 | €28,030 | +€7,779 | +38.4% |
| Profit (loss) for the period | 9904 | €73,563 | €97,830 | +€24,268 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,563 | €97,830 | +€24,268 | +33.0% |
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 28 October 2026 via checked.be.