W-QUANTUM: 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.
W-QUANTUM
Largest movements
- Receivables within one year +€40,600
up €40,600 (+58.7%), from €69,184 to €109,784
of which Other amounts receivable: +€37,998
- Cash -€35,498
down €35,498 (-95.3%), from €37,242 to €1,744
mainly Receivables within one year (-€40,600) and Contributions, distributions and other (-€18,822)
- Tangible fixed assets -€2,904
down €2,904 (-35.2%), from €8,242 to €5,337
of which Furniture and vehicles: -€2,558
- Reserves +€15,996
up €15,996 (+11.0%), from €145,144 to €161,140
- Tax, wage and social debts -€13,582
down €13,582 (-29.1%), from €46,626 to €33,044
- Gross operating margin -€55,354
down €55,354 (-52.8%), from €104,818 to €49,465
- Taxes -€11,996
down €11,996 (-50.8%), from €23,628 to €11,632
- Depreciation -€2,846
down €2,846 (-42.5%), from €6,700 to €3,854
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 | €215,002 | €217,208 | +€2,207 | +1.0% |
| Fixed assets | 21/28 | €8,242 | €5,337 | -€2,904 | -35.2% |
| Tangible fixed assets | 22/27 | €8,242 | €5,337 | -€2,904 | -35.2% |
| Furniture and vehicles | 24 | €5,678 | €3,120 | -€2,558 | -45.0% |
| Other tangible fixed assets | 26 | €2,564 | €2,217 | -€346 | -13.5% |
| Current assets | 29/58 | €206,760 | €211,871 | +€5,111 | +2.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,184 | €109,784 | +€40,600 | +58.7% |
| Trade receivables | 40 | €63,304 | €65,906 | +€2,602 | +4.1% |
| Other amounts receivable | 41 | €5,880 | €43,878 | +€37,998 | +646.2% |
| Cash at bank and in hand | 54/58 | €37,242 | €1,744 | -€35,498 | -95.3% |
| Deferred charges and accrued income | 490/1 | €334 | €343 | +€9 | +2.7% |
| Total equity and liabilities | 10/49 | €215,002 | €217,208 | +€2,207 | +1.0% |
| Equity | 10/15 | €163,744 | €179,740 | +€15,996 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,144 | €161,140 | +€15,996 | +11.0% |
| Distributable reserves | 133 | €145,144 | €161,140 | +€15,996 | +11.0% |
| Amounts payable | 17/49 | €51,257 | €37,468 | -€13,789 | -26.9% |
| Amounts payable within one year | 42/48 | €51,257 | €37,468 | -€13,789 | -26.9% |
| Trade debts | 44 | €4,631 | €3,975 | -€657 | -14.2% |
| Suppliers | 440/4 | €4,631 | €3,975 | -€657 | -14.2% |
| Taxes, remuneration and social security | 45 | €46,626 | €33,044 | -€13,582 | -29.1% |
| Taxes | 450/3 | €46,626 | €33,044 | -€13,582 | -29.1% |
| Other amounts payable | 47/48 | - | €450 | +€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,700 | €3,854 | -€2,846 | -42.5% |
| Other operating charges | 640/8 | €3,855 | €4,350 | +€495 | +12.9% |
| Gross operating margin | 9900 | €104,818 | €49,465 | -€55,354 | -52.8% |
| Operating profit (loss) | 9901 | €94,263 | €41,260 | -€53,003 | -56.2% |
| Financial income | 75/76B | €5,703 | €5,540 | -€162 | -2.8% |
| Recurring financial income | 75 | €5,703 | €5,540 | -€162 | -2.8% |
| Financial charges | 65/66B | €971 | €352 | -€619 | -63.8% |
| Recurring financial charges | 65 | €107 | €305 | +€198 | +185.9% |
| Non-recurring financial charges | 66B | €864 | €47 | -€817 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €98,995 | €46,449 | -€52,546 | -53.1% |
| Income taxes | 67/77 | €23,628 | €11,632 | -€11,996 | -50.8% |
| Profit (loss) for the period | 9904 | €75,367 | €34,817 | -€40,550 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,367 | €34,817 | -€40,550 | -53.8% |
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 30 September 2026 via checked.be.