QUOTA: 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.
QUOTA
Largest movements
- Tangible fixed assets -€13,094
down €13,094 (-5.3%), from €248,557 to €235,463
of which Land and buildings: -€7,606
- Cash +€9,285
up €9,285 (+16.6%), from €56,030 to €65,315
mainly Net result for the year (+€45,149) and Depreciation (+€20,705)
- Receivables within one year -€4,881
down €4,881 (-26.8%), from €18,191 to €13,310
of which Other amounts receivable: -€3,326
- Reserves +€45,149
up €45,149 (+24.8%), from €181,927 to €227,076
- Other debts -€18,014
down €18,014 (-58.3%), from €30,897 to €12,883
- Debts after one year -€16,674
down €16,674 (-10.4%), from €160,638 to €143,964
- Trade debts -€9,704
down €9,704 (-48.5%), from €19,988 to €10,284
- Tax, wage and social debts -€4,622
down €4,622 (-61.0%), from €7,582 to €2,960
of which Taxes: -€4,622
- Gross operating margin +€15,866
up €15,866 (+17.5%), from €90,410 to €106,276
- Purchases and services -€8,348
down €8,348 (-14.9%), from €56,190 to €47,842
- Taxes +€6,671
up €6,671 (+28.8%), from €23,141 to €29,811
- Financial charges -€2,763
down €2,763 (-27.3%), from €10,109 to €7,345
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 | €448,696 | €440,187 | -€8,509 | -1.9% |
| Fixed assets | 21/28 | €373,557 | €360,463 | -€13,094 | -3.5% |
| Tangible fixed assets | 22/27 | €248,557 | €235,463 | -€13,094 | -5.3% |
| Land and buildings | 22 | €201,107 | €193,501 | -€7,606 | -3.8% |
| Plant, machinery and equipment | 23 | €447 | €1,829 | +€1,382 | +308.9% |
| Furniture and vehicles | 24 | €47,003 | €40,133 | -€6,870 | -14.6% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €75,139 | €79,724 | +€4,585 | +6.1% |
| Amounts receivable within one year | 40/41 | €18,191 | €13,310 | -€4,881 | -26.8% |
| Trade receivables | 40 | €14,865 | €13,310 | -€1,555 | -10.5% |
| Other amounts receivable | 41 | €3,326 | €0 | -€3,326 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,030 | €65,315 | +€9,285 | +16.6% |
| Deferred charges and accrued income | 490/1 | €918 | €1,099 | +€181 | +19.7% |
| Total equity and liabilities | 10/49 | €448,696 | €440,187 | -€8,509 | -1.9% |
| Equity | 10/15 | €200,519 | €245,668 | +€45,149 | +22.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €181,927 | €227,076 | +€45,149 | +24.8% |
| Distributable reserves | 133 | €181,927 | €227,076 | +€45,149 | +24.8% |
| Amounts payable | 17/49 | €248,177 | €194,519 | -€53,658 | -21.6% |
| Amounts payable after more than one year | 17 | €160,638 | €143,964 | -€16,674 | -10.4% |
| Financial debts | 170/4 | €160,638 | €143,964 | -€16,674 | -10.4% |
| Amounts payable within one year | 42/48 | €83,006 | €49,524 | -€33,482 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €24,538 | €23,396 | -€1,142 | -4.7% |
| Trade debts | 44 | €19,988 | €10,284 | -€9,704 | -48.5% |
| Suppliers | 440/4 | €19,988 | €10,284 | -€9,704 | -48.5% |
| Taxes, remuneration and social security | 45 | €7,582 | €2,960 | -€4,622 | -61.0% |
| Taxes | 450/3 | €7,582 | €2,960 | -€4,622 | -61.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,897 | €12,883 | -€18,014 | -58.3% |
| Accrued charges and deferred income | 492/3 | €4,534 | €1,031 | -€3,503 | -77.3% |
| Turnover | 70 | €140,000 | €140,500 | +€500 | +0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €56,190 | €47,842 | -€8,348 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,829 | €20,705 | +€877 | +4.4% |
| Other operating charges | 640/8 | €2,859 | €3,265 | +€406 | +14.2% |
| Gross operating margin | 9900 | €90,410 | €106,276 | +€15,866 | +17.5% |
| Operating profit (loss) | 9901 | €67,723 | €82,306 | +€14,584 | +21.5% |
| Financial income | 75/76B | €190 | - | -€190 | |
| Recurring financial income | 75 | €190 | - | -€190 | |
| Financial charges | 65/66B | €10,109 | €7,345 | -€2,763 | -27.3% |
| Recurring financial charges | 65 | €10,109 | €7,345 | -€2,763 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €57,804 | €74,961 | +€17,157 | +29.7% |
| Income taxes | 67/77 | €23,141 | €29,811 | +€6,671 | +28.8% |
| Profit (loss) for the period | 9904 | €34,663 | €45,149 | +€10,487 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,663 | €45,149 | +€10,487 | +30.3% |
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 11 October 2026 via checked.be.