QUINX: 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.
QUINX
Largest movements
- Receivables within one year -€48,465
down €48,465 (-45.9%), from €105,563 to €57,098
of which Trade receivables: -€46,329
- Cash -€10,237
down €10,237 (-16.7%), from €61,200 to €50,963
mainly Trade debts (-€37,770) and Net result for the year (-€19,797)
- Trade debts -€37,770
down €37,770 (-36.7%), from €102,953 to €65,184
- Profit (loss) carried forward -€19,797
down €19,797 (-29.5%), from €67,090 to €47,293
- Gross operating margin +€15,020
up €15,020 (+44.4%), from -€33,855 to -€18,835
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 | €180,263 | €121,561 | -€58,702 | -32.6% |
| Fixed assets | 21/28 | €13,500 | €13,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,000 | €1,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €166,763 | €108,061 | -€58,702 | -35.2% |
| Amounts receivable within one year | 40/41 | €105,563 | €57,098 | -€48,465 | -45.9% |
| Trade receivables | 40 | €93,443 | €47,114 | -€46,329 | -49.6% |
| Other amounts receivable | 41 | €12,120 | €9,984 | -€2,136 | -17.6% |
| Cash at bank and in hand | 54/58 | €61,200 | €50,963 | -€10,237 | -16.7% |
| Total equity and liabilities | 10/49 | €180,263 | €121,561 | -€58,702 | -32.6% |
| Equity | 10/15 | €75,150 | €55,353 | -€19,797 | -26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,090 | €47,293 | -€19,797 | -29.5% |
| Amounts payable | 17/49 | €105,113 | €66,208 | -€38,905 | -37.0% |
| Amounts payable within one year | 42/48 | €104,716 | €66,208 | -€38,508 | -36.8% |
| Trade debts | 44 | €102,953 | €65,184 | -€37,770 | -36.7% |
| Suppliers | 440/4 | €102,953 | €65,184 | -€37,770 | -36.7% |
| Taxes, remuneration and social security | 45 | €1,672 | €933 | -€739 | -44.2% |
| Taxes | 450/3 | €1,672 | €933 | -€739 | -44.2% |
| Other amounts payable | 47/48 | €91 | €91 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €397 | €0 | -€397 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120 | €0 | -€120 | -100% |
| Other operating charges | 640/8 | €750 | €736 | -€15 | -1.9% |
| Gross operating margin | 9900 | -€33,855 | -€18,835 | +€15,020 | +44.4% |
| Operating profit (loss) | 9901 | -€34,726 | -€19,571 | +€15,155 | +43.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €87 | €226 | +€139 | +160% |
| Recurring financial charges | 65 | €87 | €226 | +€139 | +160% |
| Profit (loss) for the period before taxes | 9903 | -€34,812 | -€19,797 | +€15,016 | +43.1% |
| Profit (loss) for the period | 9904 | -€34,812 | -€19,797 | +€15,016 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,812 | -€19,797 | +€15,016 | +43.1% |
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 30 October 2026 via checked.be.