Quirinalis: 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.
Quirinalis
Largest movements
- Cash -€62,299
down €62,299 (-64.3%), from €96,825 to €34,527
mainly Receivables within one year (-€30,812) and Net result for the year (-€22,741)
- Receivables within one year +€30,812
up €30,812 (+79.4%), from €38,802 to €69,614
of which Other amounts receivable: +€30,812
- Profit (loss) carried forward -€22,741
down €22,741 (-26.3%), from -€86,455 to -€109,196
- Other debts -€6,922
down €6,922 (-66.6%), from €10,393 to €3,472
- Trade debts -€1,814
down €1,814 (-92.2%), from €1,967 to €153
- Gross operating margin +€8,169
up €8,169 (+29.0%), from -€28,170 to -€20,001
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 | €135,981 | €104,504 | -€31,477 | -23.1% |
| Current assets | 29/58 | €135,981 | €104,504 | -€31,477 | -23.1% |
| Amounts receivable within one year | 40/41 | €38,802 | €69,614 | +€30,812 | +79.4% |
| Trade receivables | 40 | €405 | €405 | = | 0.0% |
| Other amounts receivable | 41 | €38,397 | €69,209 | +€30,812 | +80.2% |
| Cash at bank and in hand | 54/58 | €96,825 | €34,527 | -€62,299 | -64.3% |
| Deferred charges and accrued income | 490/1 | €353 | €363 | +€10 | +2.8% |
| Total equity and liabilities | 10/49 | €135,981 | €104,504 | -€31,477 | -23.1% |
| Equity | 10/15 | €121,841 | €99,100 | -€22,741 | -18.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €178,296 | €178,296 | = | 0.0% |
| Distributable reserves | 133 | €178,296 | €178,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,455 | -€109,196 | -€22,741 | -26.3% |
| Amounts payable | 17/49 | €14,140 | €5,404 | -€8,736 | -61.8% |
| Amounts payable within one year | 42/48 | €14,140 | €5,404 | -€8,736 | -61.8% |
| Trade debts | 44 | €1,967 | €153 | -€1,814 | -92.2% |
| Suppliers | 440/4 | €1,967 | €153 | -€1,814 | -92.2% |
| Taxes, remuneration and social security | 45 | €1,780 | €1,780 | = | 0.0% |
| Taxes | 450/3 | €1,780 | €1,780 | = | 0.0% |
| Other amounts payable | 47/48 | €10,393 | €3,472 | -€6,922 | -66.6% |
| Other operating charges | 640/8 | €1,685 | €1,687 | +€2 | +0.1% |
| Gross operating margin | 9900 | -€28,170 | -€20,001 | +€8,169 | +29.0% |
| Operating profit (loss) | 9901 | -€29,855 | -€21,688 | +€8,167 | +27.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €165 | €175 | +€10 | +6.1% |
| Recurring financial charges | 65 | €165 | €175 | +€10 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,021 | -€21,860 | +€8,160 | +27.2% |
| Income taxes | 67/77 | €899 | €881 | -€19 | -2.1% |
| Profit (loss) for the period | 9904 | -€30,920 | -€22,741 | +€8,179 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,920 | -€22,741 | +€8,179 | +26.5% |
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 17 October 2026 via checked.be.