QUANTUM: 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.
QUANTUM
Largest movements
- Cash +€180,700
up €180,700 (+647%), from €27,917 to €208,617
mainly Trade debts (+€184,006) and Tax, wage and social debts (+€1,108)
- Receivables within one year +€5,437
up €5,437 (+16.9%), from €32,100 to €37,537
of which Other amounts receivable: +€9,793
- Trade debts +€184,006
up €184,006 (+721%), from €25,534 to €209,541
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
- Depreciation -€247
no longer reported in 2025 (was €247)
- Gross operating margin +€183
up €183 (+7.2%), from €2,530 to €2,713
- Taxes +€123
up €123 (+11.7%), from €1,051 to €1,175
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 | €60,437 | €246,573 | +€186,136 | +308% |
| Current assets | 29/58 | €60,437 | €246,573 | +€186,136 | +308% |
| Amounts receivable within one year | 40/41 | €32,100 | €37,537 | +€5,437 | +16.9% |
| Trade receivables | 40 | €4,356 | - | -€4,356 | |
| Other amounts receivable | 41 | €27,744 | €37,537 | +€9,793 | +35.3% |
| Cash at bank and in hand | 54/58 | €27,917 | €208,617 | +€180,700 | +647% |
| Deferred charges and accrued income | 490/1 | €421 | €419 | -€1 | -0.3% |
| Total equity and liabilities | 10/49 | €60,437 | €246,573 | +€186,136 | +308% |
| Equity | 10/15 | €34,785 | €35,806 | +€1,022 | +2.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,785 | €5,806 | +€1,022 | +21.3% |
| Amounts payable | 17/49 | €25,652 | €210,767 | +€185,114 | +722% |
| Amounts payable within one year | 42/48 | €25,652 | €210,767 | +€185,114 | +722% |
| Trade debts | 44 | €25,534 | €209,541 | +€184,006 | +721% |
| Suppliers | 440/4 | €25,534 | €209,541 | +€184,006 | +721% |
| Taxes, remuneration and social security | 45 | €118 | €1,226 | +€1,108 | +939% |
| Taxes | 450/3 | €118 | €1,226 | +€1,108 | +939% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247 | - | -€247 | |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €2,530 | €2,713 | +€183 | +7.2% |
| Operating profit (loss) | 9901 | €1,511 | €2,313 | +€802 | +53.1% |
| Financial income | 75/76B | €25 | €22 | -€3 | -11.7% |
| Recurring financial income | 75 | €25 | €22 | -€3 | -11.7% |
| Financial charges | 65/66B | €141 | €139 | -€2 | -1.5% |
| Recurring financial charges | 65 | €141 | €139 | -€2 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,395 | €2,196 | +€802 | +57.5% |
| Income taxes | 67/77 | €1,051 | €1,175 | +€123 | +11.7% |
| Profit (loss) for the period | 9904 | €343 | €1,022 | +€678 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €343 | €1,022 | +€678 | +198% |
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 28 October 2026 via checked.be.