QWARTZ: what changed
Two fiscal 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.
QWARTZ
Largest movements
- Cash -€39,312
down €39,312 (-96.4%), from €40,762 to €1,450
mainly Advances received (-€50,413) and Net result for the year (-€15,562)
- Receivables within one year -€22,585
down €22,585 (-53.2%), from €42,475 to €19,889
of which Trade receivables: -€21,774
- Tangible fixed assets -€2,550
down €2,550 (-83.6%), from €3,049 to €499
- Advances received -€50,413
down €50,413 (-100.0%), from €50,413 to €0
- Profit (loss) carried forward -€15,562
down €15,562 (-72.6%), from €21,429 to €5,867
- Trade debts +€14,162
up €14,162 (+5320.1%), from €266 to €14,428
- Tax, wage and social debts -€12,344
down €12,344 (-93.8%), from €13,153 to €809
- Financial charges -€2,711
down €2,711 (-57.1%), from €4,752 to €2,041
- Gross operating margin +€2,372
up €2,372 (+15.4%), from -€15,358 to -€12,985
- Depreciation -€1,104
down €1,104 (-99.6%), from €1,109 to €5
- Other operating charges +€402
up €402 (+340.4%), from €118 to €520
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 | €86,286 | €22,104 | -€64,182 | -74.4% |
| Fixed assets | 21/28 | €3,049 | €499 | -€2,550 | -83.6% |
| Tangible fixed assets | 22/27 | €3,049 | €499 | -€2,550 | -83.6% |
| Furniture and vehicles | 24 | €3,049 | €499 | -€2,550 | -83.6% |
| Current assets | 29/58 | €83,237 | €21,605 | -€61,632 | -74.0% |
| Amounts receivable within one year | 40/41 | €42,475 | €19,889 | -€22,585 | -53.2% |
| Trade receivables | 40 | €41,663 | €19,889 | -€21,774 | -52.3% |
| Other amounts receivable | 41 | €811 | €0 | -€811 | -100.0% |
| Cash at bank and in hand | 54/58 | €40,762 | €1,450 | -€39,312 | -96.4% |
| Deferred charges and accrued income | 490/1 | - | €266 | +€266 | |
| Total equity and liabilities | 10/49 | €86,286 | €22,104 | -€64,182 | -74.4% |
| Equity | 10/15 | €22,429 | €6,867 | -€15,562 | -69.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,429 | €5,867 | -€15,562 | -72.6% |
| Amounts payable | 17/49 | €63,857 | €15,237 | -€48,619 | -76.1% |
| Amounts payable within one year | 42/48 | €63,857 | €15,237 | -€48,619 | -76.1% |
| Trade debts | 44 | €266 | €14,428 | +€14,162 | +5320.1% |
| Suppliers | 440/4 | €266 | €14,428 | +€14,162 | +5320.1% |
| Advances received on contracts in progress | 46 | €50,413 | €0 | -€50,413 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,153 | €809 | -€12,344 | -93.8% |
| Taxes | 450/3 | €13,153 | €809 | -€12,344 | -93.8% |
| Other amounts payable | 47/48 | €25 | €0 | -€25 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,109 | €5 | -€1,104 | -99.6% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Non-recurring operating charges | 66A | - | €14 | +€14 | |
| Gross operating margin | 9900 | -€15,358 | -€12,985 | +€2,372 | +15.4% |
| Operating profit (loss) | 9901 | -€16,584 | -€13,524 | +€3,061 | +18.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €4,752 | €2,041 | -€2,711 | -57.1% |
| Recurring financial charges | 65 | €4,752 | €2,041 | -€2,711 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,337 | -€15,562 | +€5,774 | +27.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€21,337 | -€15,562 | +€5,774 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,337 | -€15,562 | +€5,774 | +27.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.