QUINTYN: 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
QUINTYN
NACE 46.610, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €666,185+€443,965
Equity
€4.8m
2024 · €3.8m+€1.0m
Cash
€393,066
2024 · €108,048+€285,018
Balance sheet total
€9.0m
2024 · €7.3m+€1.7m
Largest movements
Assets
- Stocks and contracts +€798,301
up €798,301 (+17.1%), from €4.7m to €5.5m
- Receivables within one year +€541,898
up €541,898 (+42.8%), from €1.3m to €1.8m
of which Trade receivables: +€630,699
- Cash +€285,018
up €285,018 (+264%), from €108,048 to €393,066
mainly Net result for the year (+€1.1m) and Short-term financial debts (+€1.1m)
Equity and liabilities
- Short-term financial debts +€1.1m
up €1.1m (+1,050%), from €100,000 to €1.2m
- Reserves +€1.0m
up €1.0m (+27.3%), from €3.8m to €4.8m
of which Tax-exempt reserves: +€568,350
- Trade debts -€444,835
down €444,835 (-17.5%), from €2.5m to €2.1m
Income statement
- Turnover +€756,300
up €756,300 (+3.9%), from €19.4m to €20.1m
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
€666,185
Turnover
+€756,300
Other operating income
+€58,407
Goods and materials
-€128,111
Services and other goods
+€42,050
Staff costs
-€91,753
Depreciation
-€61,059
Write-downs
+€5,395
Other operating charges
-€1,671
Financial income
+€46,089
Financial charges
-€33,032
Taxes
-€148,650
Result 2025
€1.1m
raises the resultlowers the result
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
-€288,996
Investment
-€402,209
Financing
+€976,224
Cash 2024
€108,048
From operations (derived)
-€288,996
Net result for the year
+€1.1m
Depreciation
+€370,405
Stocks and contracts
-€798,301
Receivables within one year
-€541,898
Smaller working-capital items
+€1,435
Trade debts
-€444,835
Tax, wage and social debts
+€10,064
Other debts
+€3,984
Investment (derived)
-€402,209
Investment in fixed assets (net)
-€402,209
Financing
+€976,224
Debts after one year
-€4,151
Current portion of long-term debt
+€5,375
Short-term financial debts
+€1.1m
Contributions, distributions and other
-€75,000
Cash 2025
€393,066
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,306,539 | €8,963,764 | +€1.7m | +22.7% |
| Fixed assets | 21/28 | €1,237,175 | €1,268,979 | +€31,804 | +2.6% |
| Tangible fixed assets | 22/27 | €1,237,175 | €1,268,979 | +€31,804 | +2.6% |
| Land and buildings | 22 | €298,293 | €324,349 | +€26,056 | +8.7% |
| Plant, machinery and equipment | 23 | €607,992 | €604,541 | -€3,451 | -0.6% |
| Furniture and vehicles | 24 | €145,364 | €257,578 | +€112,214 | +77.2% |
| Leasing and similar rights | 25 | €185,526 | €82,511 | -€103,015 | -55.5% |
| Current assets | 29/58 | €6,069,364 | €7,694,785 | +€1.6m | +26.8% |
| Stocks and contracts in progress | 3 | €4,680,034 | €5,478,336 | +€798,301 | +17.1% |
| Stocks | 30/36 | €4,680,034 | €5,478,336 | +€798,301 | +17.1% |
| Goods purchased for resale | 34 | €4,680,034 | €5,478,336 | +€798,301 | +17.1% |
| Amounts receivable within one year | 40/41 | €1,264,658 | €1,806,557 | +€541,898 | +42.8% |
| Trade receivables | 40 | €1,145,950 | €1,776,650 | +€630,699 | +55.0% |
| Other amounts receivable | 41 | €118,708 | €29,907 | -€88,801 | -74.8% |
| Cash at bank and in hand | 54/58 | €108,048 | €393,066 | +€285,018 | +264% |
| Deferred charges and accrued income | 490/1 | €16,623 | €16,827 | +€203 | +1.2% |
| Total equity and liabilities | 10/49 | €7,306,539 | €8,963,764 | +€1.7m | +22.7% |
| Equity | 10/15 | €3,811,659 | €4,846,809 | +€1.0m | +27.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,791,659 | €4,826,809 | +€1.0m | +27.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,176,584 | €1,744,934 | +€568,350 | +48.3% |
| Distributable reserves | 133 | €2,613,075 | €3,079,875 | +€466,800 | +17.9% |
| Amounts payable | 17/49 | €3,494,880 | €4,116,955 | +€622,075 | +17.8% |
| Amounts payable after more than one year | 17 | €436,876 | €432,725 | -€4,151 | -1.0% |
| Financial debts | 170/4 | €436,876 | €432,725 | -€4,151 | -1.0% |
| Leasing and similar obligations | 172 | €73,725 | €41,860 | -€31,865 | -43.2% |
| Credit institutions | 173 | €363,151 | €390,865 | +€27,714 | +7.6% |
| Amounts payable within one year | 42/48 | €3,057,286 | €3,681,873 | +€624,588 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €192,267 | €197,642 | +€5,375 | +2.8% |
| Financial debts | 43 | €100,000 | €1,150,000 | +€1.1m | +1,050% |
| Credit institutions | 430/8 | €100,000 | €1,150,000 | +€1.1m | +1,050% |
| Trade debts | 44 | €2,545,096 | €2,100,261 | -€444,835 | -17.5% |
| Suppliers | 440/4 | €2,545,096 | €2,100,261 | -€444,835 | -17.5% |
| Taxes, remuneration and social security | 45 | €73,906 | €83,970 | +€10,064 | +13.6% |
| Taxes | 450/3 | €56,733 | €60,805 | +€4,072 | +7.2% |
| Remuneration and social security | 454/9 | €17,173 | €23,165 | +€5,992 | +34.9% |
| Other amounts payable | 47/48 | €146,016 | €150,000 | +€3,984 | +2.7% |
| Accrued charges and deferred income | 492/3 | €718 | €2,357 | +€1,639 | +228% |
| Operating income | 70/76A | €19,509,024 | €20,323,730 | +€814,706 | +4.2% |
| Turnover | 70 | €19,384,895 | €20,141,195 | +€756,300 | +3.9% |
| Other operating income | 74 | €124,128 | €182,535 | +€58,407 | +47.1% |
| Operating charges | 60/66A | €18,780,740 | €19,015,889 | +€235,149 | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €17,373,386 | €17,501,498 | +€128,111 | +0.7% |
| Purchases | 600/8 | €17,705,597 | €18,323,301 | +€617,704 | +3.5% |
| Change in stocks: decrease (increase) | 609 | -€332,210 | -€821,803 | -€489,593 | -147% |
| Services and other goods | 61 | €809,215 | €767,165 | -€42,050 | -5.2% |
| Remuneration, social security and pensions | 62 | €245,479 | €337,231 | +€91,753 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,346 | €370,405 | +€61,059 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,897 | €23,502 | -€5,395 | -18.7% |
| Other operating charges | 640/8 | €14,417 | €16,087 | +€1,671 | +11.6% |
| Operating profit (loss) | 9901 | €728,283 | €1,307,841 | +€579,557 | +79.6% |
| Financial income | 75/76B | €195,685 | €241,774 | +€46,089 | +23.6% |
| Recurring financial income | 75 | €195,685 | €241,774 | +€46,089 | +23.6% |
| Other financial income | 752/9 | €195,685 | €241,774 | +€46,089 | +23.6% |
| Financial charges | 65/66B | €57,684 | €90,717 | +€33,032 | +57.3% |
| Recurring financial charges | 65 | €57,684 | €90,717 | +€33,032 | +57.3% |
| Debt charges | 650 | €51,778 | €84,872 | +€33,094 | +63.9% |
| Other financial charges | 652/9 | €5,906 | €5,844 | -€62 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €866,284 | €1,458,898 | +€592,615 | +68.4% |
| Income taxes | 67/77 | €200,099 | €348,748 | +€148,650 | +74.3% |
| Taxes | 670/3 | €200,099 | €348,748 | +€148,650 | +74.3% |
| Profit (loss) for the period | 9904 | €666,185 | €1,110,150 | +€443,965 | +66.6% |
| Transfer to tax-exempt reserves | 689 | €294,700 | €568,350 | +€273,650 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €371,485 | €541,800 | +€170,315 | +45.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.