QUADRIVIUM: 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.
QUADRIVIUM
Largest movements
- Cash -€29,532
down €29,532 (-81.6%), from €36,198 to €6,666
mainly Net result for the year (-€22,086) and Tax, wage and social debts (-€7,799)
- Receivables within one year -€4,046
down €4,046 (-24.2%), from €16,741 to €12,696
of which Trade receivables: -€6,395
- Tangible fixed assets -€2,036
down €2,036 (-32.3%), from €6,308 to €4,272
- Profit (loss) carried forward -€22,086
down €22,086, from €0 to -€22,086
- Tax, wage and social debts -€7,799
down €7,799 (-92.2%), from €8,455 to €656
- Other debts -€6,033
down €6,033 (-78.9%), from €7,651 to €1,617
- Gross operating margin -€30,687
down €30,687, from €11,770 to -€18,917
- Taxes -€3,123
down €3,123 (-96.2%), from €3,246 to €123
- Financial charges +€715
up €715 (+463%), from €154 to €869
- Depreciation -€604
down €604 (-22.9%), from €2,641 to €2,036
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 | €63,795 | €28,385 | -€35,410 | -55.5% |
| Fixed assets | 21/28 | €7,358 | €5,322 | -€2,036 | -27.7% |
| Tangible fixed assets | 22/27 | €6,308 | €4,272 | -€2,036 | -32.3% |
| Land and buildings | 22 | €2,595 | €1,654 | -€941 | -36.3% |
| Plant, machinery and equipment | 23 | €1,352 | €956 | -€396 | -29.3% |
| Furniture and vehicles | 24 | €2,362 | €1,662 | -€699 | -29.6% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €56,436 | €23,063 | -€33,374 | -59.1% |
| Amounts receivable within one year | 40/41 | €16,741 | €12,696 | -€4,046 | -24.2% |
| Trade receivables | 40 | €6,395 | €0 | -€6,395 | -100% |
| Other amounts receivable | 41 | €10,347 | €12,696 | +€2,349 | +22.7% |
| Cash at bank and in hand | 54/58 | €36,198 | €6,666 | -€29,532 | -81.6% |
| Deferred charges and accrued income | 490/1 | €3,498 | €3,701 | +€203 | +5.8% |
| Total equity and liabilities | 10/49 | €63,795 | €28,385 | -€35,410 | -55.5% |
| Equity | 10/15 | €47,233 | €25,147 | -€22,086 | -46.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,033 | €41,033 | = | 0.0% |
| Distributable reserves | 133 | €41,033 | €41,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€22,086 | -€22,086 | |
| Amounts payable | 17/49 | €16,562 | €3,238 | -€13,323 | -80.4% |
| Amounts payable within one year | 42/48 | €16,562 | €3,238 | -€13,323 | -80.4% |
| Trade debts | 44 | €456 | €965 | +€509 | +112% |
| Suppliers | 440/4 | €456 | €965 | +€509 | +112% |
| Taxes, remuneration and social security | 45 | €8,455 | €656 | -€7,799 | -92.2% |
| Taxes | 450/3 | €8,455 | €656 | -€7,799 | -92.2% |
| Other amounts payable | 47/48 | €7,651 | €1,617 | -€6,033 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,641 | €2,036 | -€604 | -22.9% |
| Other operating charges | 640/8 | €440 | €400 | -€41 | -9.2% |
| Gross operating margin | 9900 | €11,770 | -€18,917 | -€30,687 | |
| Operating profit (loss) | 9901 | €8,689 | -€21,352 | -€30,042 | |
| Financial income | 75/76B | €229 | €259 | +€30 | +13.1% |
| Recurring financial income | 75 | €229 | €259 | +€30 | +13.1% |
| Financial charges | 65/66B | €154 | €869 | +€715 | +463% |
| Recurring financial charges | 65 | €154 | €869 | +€715 | +463% |
| Profit (loss) for the period before taxes | 9903 | €8,764 | -€21,963 | -€30,727 | |
| Income taxes | 67/77 | €3,246 | €123 | -€3,123 | -96.2% |
| Profit (loss) for the period | 9904 | €5,517 | -€22,086 | -€27,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,517 | -€22,086 | -€27,604 |
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 26 October 2026 via checked.be.