QUINZE: 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.
QUINZE
Largest movements
- Tangible fixed assets -€70,550
down €70,550 (-2.8%), from €2.5m to €2.5m
- Debts after one year -€102,009
down €102,009 (-4.6%), from €2.2m to €2.1m
- Profit (loss) carried forward +€35,228
up €35,228, from -€35,228 to €0
- Other debts -€26,490
down €26,490 (-14.1%), from €187,886 to €161,395
- Gross operating margin +€10,165
up €10,165 (+6.3%), from €162,460 to €172,625
- Financial charges -€6,464
down €6,464 (-11.0%), from €58,925 to €52,460
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.
Cash bridge derived
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 | €2,558,666 | €2,469,720 | -€88,946 | -3.5% |
| Formation expenses | 20 | €1,589 | €720 | -€869 | -54.7% |
| Fixed assets | 21/28 | €2,520,749 | €2,450,199 | -€70,550 | -2.8% |
| Tangible fixed assets | 22/27 | €2,520,749 | €2,450,199 | -€70,550 | -2.8% |
| Land and buildings | 22 | €2,520,749 | €2,450,199 | -€70,550 | -2.8% |
| Current assets | 29/58 | €36,328 | €18,801 | -€17,528 | -48.2% |
| Cash at bank and in hand | 54/58 | €36,328 | €18,801 | -€17,528 | -48.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,558,666 | €2,469,720 | -€88,946 | -3.5% |
| Equity | 10/15 | €26,282 | €66,014 | +€39,732 | +151.2% |
| Contributions | 10/11 | €61,510 | €61,510 | = | 0.0% |
| Capital | 10 | €61,510 | €61,510 | = | 0.0% |
| Issued capital | 100 | €61,510 | €61,510 | = | 0.0% |
| Reserves | 13 | - | €4,504 | +€4,504 | |
| Non-distributable reserves | 130/1 | - | €4,504 | +€4,504 | |
| Legal reserve | 130 | - | €4,504 | +€4,504 | |
| Profit (loss) carried forward | 14 | -€35,228 | €0 | +€35,228 | |
| Amounts payable | 17/49 | €2,532,384 | €2,403,706 | -€128,678 | -5.1% |
| Amounts payable after more than one year | 17 | €2,224,888 | €2,122,879 | -€102,009 | -4.6% |
| Financial debts | 170/4 | €2,224,888 | €2,122,879 | -€102,009 | -4.6% |
| Amounts payable within one year | 42/48 | €305,730 | €280,827 | -€24,903 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €110,364 | €112,009 | +€1,645 | +1.5% |
| Trade debts | 44 | €7,480 | €5,723 | -€1,758 | -23.5% |
| Suppliers | 440/4 | €7,480 | €5,723 | -€1,758 | -23.5% |
| Taxes, remuneration and social security | 45 | - | €1,700 | +€1,700 | |
| Taxes | 450/3 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €187,886 | €161,395 | -€26,490 | -14.1% |
| Accrued charges and deferred income | 492/3 | €1,766 | €0 | -€1,766 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,419 | €71,419 | = | 0.0% |
| Other operating charges | 640/8 | €6,487 | €7,315 | +€827 | +12.8% |
| Gross operating margin | 9900 | €162,460 | €172,625 | +€10,165 | +6.3% |
| Operating profit (loss) | 9901 | €84,554 | €93,892 | +€9,338 | +11.0% |
| Financial charges | 65/66B | €58,925 | €52,460 | -€6,464 | -11.0% |
| Recurring financial charges | 65 | €58,925 | €52,460 | -€6,464 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €25,629 | €41,432 | +€15,802 | +61.7% |
| Income taxes | 67/77 | - | €1,700 | +€1,700 | |
| Profit (loss) for the period | 9904 | €25,629 | €39,732 | +€14,102 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,629 | €39,732 | +€14,102 | +55.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.