RED QUINCE: 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.
RED QUINCE
Largest movements
- Receivables within one year -€17,975
down €17,975 (-98.0%), from €18,340 to €365
of which Trade receivables: -€15,822
- Cash +€12,406
up €12,406 (+7.4%), from €168,680 to €181,086
mainly Debts after one year (+€198,009) and Net result for the year (+€25,280)
- Tangible fixed assets +€6,076
up €6,076 (+15.0%), from €40,415 to €46,491
- Deferred charges and accrued income +€4,161
new in 2025: €4,161
- Other debts -€212,441
down €212,441 (-100%), from €212,441 to €0
- Debts after one year +€198,009
new in 2025: €198,009
- Profit (loss) carried forward +€25,280
new in 2025: €25,280
- Trade debts -€4,196
down €4,196 (-92.4%), from €4,539 to €344
- Gross operating margin -€26,217
down €26,217 (-32.3%), from €81,272 to €55,056
- Taxes -€4,128
down €4,128 (-25.3%), from €16,323 to €12,194
- Depreciation +€2,796
up €2,796 (+20.9%), from €13,365 to €16,161
- Financial income -€1,620
down €1,620 (-100%), from €1,620 to €0
- Financial charges -€944
down €944 (-95.5%), from €988 to €44
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 | €227,435 | €232,103 | +€4,667 | +2.1% |
| Fixed assets | 21/28 | €40,415 | €46,491 | +€6,076 | +15.0% |
| Tangible fixed assets | 22/27 | €40,415 | €46,491 | +€6,076 | +15.0% |
| Furniture and vehicles | 24 | €40,415 | €46,491 | +€6,076 | +15.0% |
| Current assets | 29/58 | €187,020 | €185,612 | -€1,408 | -0.8% |
| Amounts receivable within one year | 40/41 | €18,340 | €365 | -€17,975 | -98.0% |
| Trade receivables | 40 | €15,881 | €59 | -€15,822 | -99.6% |
| Other amounts receivable | 41 | €2,458 | €306 | -€2,153 | -87.6% |
| Cash at bank and in hand | 54/58 | €168,680 | €181,086 | +€12,406 | +7.4% |
| Deferred charges and accrued income | 490/1 | - | €4,161 | +€4,161 | |
| Total equity and liabilities | 10/49 | €227,435 | €232,103 | +€4,667 | +2.1% |
| Equity | 10/15 | €2,000 | €27,280 | +€25,280 | +1,264% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €25,280 | +€25,280 | |
| Amounts payable | 17/49 | €225,435 | €204,823 | -€20,613 | -9.1% |
| Amounts payable after more than one year | 17 | - | €198,009 | +€198,009 | |
| Financial debts | 170/4 | - | €198,009 | +€198,009 | |
| Amounts payable within one year | 42/48 | €223,220 | €5,496 | -€217,724 | -97.5% |
| Trade debts | 44 | €4,539 | €344 | -€4,196 | -92.4% |
| Suppliers | 440/4 | €4,539 | €344 | -€4,196 | -92.4% |
| Taxes, remuneration and social security | 45 | €6,240 | €5,152 | -€1,088 | -17.4% |
| Taxes | 450/3 | €6,240 | €5,152 | -€1,088 | -17.4% |
| Other amounts payable | 47/48 | €212,441 | €0 | -€212,441 | -100% |
| Accrued charges and deferred income | 492/3 | €2,215 | €1,318 | -€897 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,365 | €16,161 | +€2,796 | +20.9% |
| Other operating charges | 640/8 | €914 | €1,376 | +€463 | +50.6% |
| Gross operating margin | 9900 | €81,272 | €55,056 | -€26,217 | -32.3% |
| Operating profit (loss) | 9901 | €66,993 | €37,519 | -€29,475 | -44.0% |
| Financial income | 75/76B | €1,620 | €0 | -€1,620 | -100% |
| Recurring financial income | 75 | €1,620 | €0 | -€1,620 | -100% |
| Financial charges | 65/66B | €988 | €44 | -€944 | -95.5% |
| Recurring financial charges | 65 | €988 | €44 | -€944 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €67,625 | €37,474 | -€30,151 | -44.6% |
| Income taxes | 67/77 | €16,323 | €12,194 | -€4,128 | -25.3% |
| Profit (loss) for the period | 9904 | €51,303 | €25,280 | -€26,023 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,303 | €25,280 | -€26,023 | -50.7% |
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 15 October 2026 via checked.be.