QUINZ: 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
QUINZ
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €2.0m+€909,776
Equity
€3.6m
2024 · €2.3m+€1.2m
Cash
€1.7m
2024 · €1.4m+€356,621
Balance sheet total
€7.1m
2024 · €6.1m+€1.0m
Largest movements
Assets
- Receivables within one year +€617,445
up €617,445 (+14.6%), from €4.2m to €4.8m
of which Trade receivables: +€721,857
- Cash +€356,621
up €356,621 (+25.6%), from €1.4m to €1.7m
mainly Net result for the year (+€2.9m) and Tax, wage and social debts (+€475,712)
- Deferred charges and accrued income +€107,560
up €107,560 (+176%), from €61,286 to €168,846
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+53.9%), from €2.3m to €3.5m
- Tax, wage and social debts +€475,712
up €475,712 (+256%), from €185,556 to €661,268
of which Taxes: +€465,080
- Trade debts -€426,909
down €426,909 (-38.6%), from €1.1m to €677,699
- Other debts -€100,000
down €100,000 (-5.3%), from €1.9m to €1.8m
- Current portion of long-term debt -€97,638
down €97,638 (-34.2%), from €285,778 to €188,141
Income statement
- Turnover +€16.0m
new in 2025: €16.0m
- Services and other goods +€11.5m
new in 2025: €11.5m
- Gross operating margin -€3.3m
no longer reported in 2025 (was €3.3m)
- Other operating income +€933,205
new in 2025: €933,205
- Goods and materials +€799,589
new in 2025: €799,589
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
€2.0m
Turnover
+€16.0m
Other operating income
+€933,205
Goods and materials
-€799,589
Services and other goods
-€11.5m
Staff costs
-€48,463
Depreciation
+€5,698
Write-downs
-€4,175
Other operating charges
+€4,197
Other operating items
-€3.3m
Financial income
+€28,901
Financial charges
+€3,162
Taxes
-€363,832
Result 2025
€2.9m
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
+€2.2m
Investment
-€27,247
Financing
-€1.9m
Cash 2024
€1.4m
From operations (derived)
+€2.2m
Net result for the year
+€2.9m
Depreciation
+€90,516
Receivables within one year
-€617,445
Deferred charges and accrued income
-€107,560
Trade debts
-€426,909
Tax, wage and social debts
+€475,712
Other debts
-€100,000
Accrued charges and deferred income
+€2,257
Investment (derived)
-€27,247
Investment in fixed assets (net)
-€27,247
Financing
-€1.9m
Debts after one year
-€62,920
Current portion of long-term debt
-€97,638
Contributions, distributions and other
-€1.7m
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,086,735 | €7,105,093 | +€1.0m | +16.7% |
| Fixed assets | 21/28 | €411,266 | €347,997 | -€63,269 | -15.4% |
| Intangible fixed assets | 21 | €7,619 | €8,334 | +€715 | +9.4% |
| Tangible fixed assets | 22/27 | €395,907 | €328,687 | -€67,221 | -17.0% |
| Plant, machinery and equipment | 23 | €65 | €0 | -€65 | -100% |
| Furniture and vehicles | 24 | €76,077 | €57,208 | -€18,870 | -24.8% |
| Other tangible fixed assets | 26 | €319,765 | €271,479 | -€48,286 | -15.1% |
| Financial fixed assets | 28 | €7,740 | €10,977 | +€3,237 | +41.8% |
| Other financial fixed assets | 284/8 | - | €10,977 | +€10,977 | |
| Amounts receivable and cash guarantees | 285/8 | - | €10,977 | +€10,977 | |
| Current assets | 29/58 | €5,675,469 | €6,757,096 | +€1.1m | +19.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,221,654 | €4,839,099 | +€617,445 | +14.6% |
| Trade receivables | 40 | €4,104,166 | €4,826,024 | +€721,857 | +17.6% |
| Other amounts receivable | 41 | €117,488 | €13,076 | -€104,412 | -88.9% |
| Cash at bank and in hand | 54/58 | €1,392,529 | €1,749,150 | +€356,621 | +25.6% |
| Deferred charges and accrued income | 490/1 | €61,286 | €168,846 | +€107,560 | +176% |
| Total equity and liabilities | 10/49 | €6,086,735 | €7,105,093 | +€1.0m | +16.7% |
| Equity | 10/15 | €2,335,001 | €3,562,857 | +€1.2m | +52.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,280,001 | €3,507,857 | +€1.2m | +53.9% |
| Amounts payable | 17/49 | €3,751,734 | €3,542,236 | -€209,498 | -5.6% |
| Amounts payable after more than one year | 17 | €188,809 | €125,888 | -€62,920 | -33.3% |
| Financial debts | 170/4 | €188,809 | €125,888 | -€62,920 | -33.3% |
| Credit institutions | 173 | - | €125,888 | +€125,888 | |
| Amounts payable within one year | 42/48 | €3,479,874 | €3,331,040 | -€148,834 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €285,778 | €188,141 | -€97,638 | -34.2% |
| Trade debts | 44 | €1,104,608 | €677,699 | -€426,909 | -38.6% |
| Suppliers | 440/4 | €1,104,608 | €677,699 | -€426,909 | -38.6% |
| Taxes, remuneration and social security | 45 | €185,556 | €661,268 | +€475,712 | +256% |
| Taxes | 450/3 | €138,777 | €603,857 | +€465,080 | +335% |
| Remuneration and social security | 454/9 | €46,779 | €57,411 | +€10,632 | +22.7% |
| Other amounts payable | 47/48 | €1,903,932 | €1,803,932 | -€100,000 | -5.3% |
| Accrued charges and deferred income | 492/3 | €83,051 | €85,308 | +€2,257 | +2.7% |
| Operating income | 70/76A | - | €16,947,305 | +€16.9m | |
| Turnover | 70 | - | €16,014,100 | +€16.0m | |
| Other operating income | 74 | - | €933,205 | +€933,205 | |
| Operating charges | 60/66A | - | €12,948,744 | +€12.9m | |
| Goods for resale, raw materials and consumables | 60 | - | €799,589 | +€799,589 | |
| Purchases | 600/8 | - | €799,589 | +€799,589 | |
| Services and other goods | 61 | - | €11,520,716 | +€11.5m | |
| Remuneration, social security and pensions | 62 | €484,122 | €532,585 | +€48,463 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,214 | €90,516 | -€5,698 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,175 | +€4,175 | |
| Other operating charges | 640/8 | €5,361 | €1,164 | -€4,197 | -78.3% |
| Gross operating margin | 9900 | €3,342,714 | - | -€3.3m | |
| Operating profit (loss) | 9901 | €2,757,017 | €3,998,561 | +€1.2m | +45.0% |
| Financial income | 75/76B | €34,503 | €63,404 | +€28,901 | +83.8% |
| Recurring financial income | 75 | €34,503 | €63,404 | +€28,901 | +83.8% |
| Income from current assets | 751 | - | €17,905 | +€17,905 | |
| Other financial income | 752/9 | - | €45,498 | +€45,498 | |
| Financial charges | 65/66B | €40,694 | €37,531 | -€3,162 | -7.8% |
| Recurring financial charges | 65 | €40,694 | €37,531 | -€3,162 | -7.8% |
| Debt charges | 650 | - | €18,694 | +€18,694 | |
| Other financial charges | 652/9 | - | €18,837 | +€18,837 | |
| Profit (loss) for the period before taxes | 9903 | €2,750,826 | €4,024,433 | +€1.3m | +46.3% |
| Income taxes | 67/77 | €732,746 | €1,096,577 | +€363,832 | +49.7% |
| Taxes | 670/3 | - | €1,096,577 | +€1.1m | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €2,018,080 | €2,927,856 | +€909,776 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,018,080 | €2,927,856 | +€909,776 | +45.1% |
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 14 October 2026 via checked.be.