SOENS-QUINTYN: 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.
SOENS-QUINTYN
Largest movements
- Tangible fixed assets +€64,277
up €64,277 (+7.2%), from €888,607 to €952,884
of which Land and buildings: +€66,031
- Cash +€25,518
up €25,518 (+348%), from €7,328 to €32,847
mainly Other debts (+€159,487) and Depreciation (+€34,231)
- Other debts +€159,487
up €159,487 (+33.5%), from €475,651 to €635,138
- Trade debts -€60,923
down €60,923 (-80.9%), from €75,321 to €14,397
- Gross operating margin -€5,818
down €5,818 (-18.7%), from €31,100 to €25,282
- Depreciation +€4,253
up €4,253 (+14.2%), from €29,978 to €34,231
- Other operating charges -€877
down €877 (-43.4%), from €2,022 to €1,145
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 | €903,615 | €992,049 | +€88,434 | +9.8% |
| Fixed assets | 21/28 | €888,607 | €952,884 | +€64,277 | +7.2% |
| Tangible fixed assets | 22/27 | €888,607 | €952,884 | +€64,277 | +7.2% |
| Land and buildings | 22 | €881,592 | €947,623 | +€66,031 | +7.5% |
| Furniture and vehicles | 24 | €7,015 | €5,261 | -€1,754 | -25.0% |
| Current assets | 29/58 | €15,008 | €39,165 | +€24,157 | +161% |
| Amounts receivable within one year | 40/41 | €6,991 | €5,677 | -€1,313 | -18.8% |
| Trade receivables | 40 | €6,892 | €2,461 | -€4,432 | -64.3% |
| Other amounts receivable | 41 | €98 | €3,217 | +€3,118 | +3,174% |
| Cash at bank and in hand | 54/58 | €7,328 | €32,847 | +€25,518 | +348% |
| Deferred charges and accrued income | 490/1 | €689 | €641 | -€48 | -6.9% |
| Total equity and liabilities | 10/49 | €903,615 | €992,049 | +€88,434 | +9.8% |
| Equity | 10/15 | €352,643 | €342,514 | -€10,129 | -2.9% |
| Contributions | 10/11 | €47,447 | €47,447 | = | 0.0% |
| Reserves | 13 | €475,076 | €474,802 | -€274 | -0.1% |
| Tax-exempt reserves | 132 | €274 | €0 | -€274 | -100% |
| Distributable reserves | 133 | €474,802 | €474,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,880 | -€179,734 | -€9,855 | -5.8% |
| Amounts payable | 17/49 | €550,972 | €649,535 | +€98,563 | +17.9% |
| Amounts payable within one year | 42/48 | €550,972 | €649,535 | +€98,563 | +17.9% |
| Trade debts | 44 | €75,321 | €14,397 | -€60,923 | -80.9% |
| Suppliers | 440/4 | €75,321 | €14,397 | -€60,923 | -80.9% |
| Other amounts payable | 47/48 | €475,651 | €635,138 | +€159,487 | +33.5% |
| Non-recurring operating income | 76A | €59 | €3,109 | +€3,050 | +5,181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,978 | €34,231 | +€4,253 | +14.2% |
| Other operating charges | 640/8 | €2,022 | €1,145 | -€877 | -43.4% |
| Gross operating margin | 9900 | €31,100 | €25,282 | -€5,818 | -18.7% |
| Operating profit (loss) | 9901 | -€901 | -€10,095 | -€9,194 | -1,021% |
| Financial charges | 65/66B | €131 | €34 | -€97 | -73.7% |
| Recurring financial charges | 65 | €131 | €34 | -€97 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,032 | -€10,129 | -€9,097 | -882% |
| Profit (loss) for the period | 9904 | -€1,032 | -€10,129 | -€9,097 | -882% |
| Transfer from tax-exempt reserves | 789 | - | €274 | +€274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,032 | -€9,855 | -€8,823 | -855% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.