QUART-IT: 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.
QUART-IT
Largest movements
- Cash +€45,549
up €45,549 (+50.7%), from €89,920 to €135,469
mainly Other debts (+€64,389) and Net result for the year (+€16,243)
- Receivables within one year -€7,979
down €7,979 (-32.1%), from €24,864 to €16,886
of which Other amounts receivable: -€9,617
- Tangible fixed assets +€4,579
up €4,579 (+48.4%), from €9,456 to €14,035
of which Furniture and vehicles: +€4,579
- Deferred charges and accrued income -€3,001
down €3,001 (-93.5%), from €3,209 to €208
- Other debts +€64,389
up €64,389 (+383%), from €16,814 to €81,203
- Reserves -€24,600
down €24,600 (-42.5%), from €57,900 to €33,300
- Gross operating margin +€8,701
up €8,701 (+16.3%), from €53,245 to €61,945
- Provisions -€4,418
down €4,418, from €3,029 to -€1,390
- Taxes +€1,864
up €1,864 (+33.3%), from €5,589 to €7,453
- Financial charges +€1,152
up €1,152 (+3.4%), from €33,747 to €34,899
- Depreciation +€687
up €687 (+27.4%), from €2,512 to €3,199
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 | €127,450 | €166,598 | +€39,148 | +30.7% |
| Fixed assets | 21/28 | €9,456 | €14,035 | +€4,579 | +48.4% |
| Tangible fixed assets | 22/27 | €9,456 | €14,035 | +€4,579 | +48.4% |
| Furniture and vehicles | 24 | €4,456 | €9,035 | +€4,579 | +103% |
| Other tangible fixed assets | 26 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €117,993 | €152,563 | +€34,569 | +29.3% |
| Amounts receivable within one year | 40/41 | €24,864 | €16,886 | -€7,979 | -32.1% |
| Trade receivables | 40 | €9,735 | €11,374 | +€1,639 | +16.8% |
| Other amounts receivable | 41 | €15,129 | €5,512 | -€9,617 | -63.6% |
| Cash at bank and in hand | 54/58 | €89,920 | €135,469 | +€45,549 | +50.7% |
| Deferred charges and accrued income | 490/1 | €3,209 | €208 | -€3,001 | -93.5% |
| Total equity and liabilities | 10/49 | €127,450 | €166,598 | +€39,148 | +30.7% |
| Equity | 10/15 | €74,471 | €49,880 | -€24,590 | -33.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €57,900 | €33,300 | -€24,600 | -42.5% |
| Distributable reserves | 133 | €57,900 | €33,300 | -€24,600 | -42.5% |
| Profit (loss) carried forward | 14 | €8,511 | €8,520 | +€10 | +0.1% |
| Provisions and deferred taxes | 16 | €31,228 | €29,838 | -€1,390 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €31,228 | €29,838 | -€1,390 | -4.4% |
| Other liabilities and charges | 164/5 | €31,228 | €29,838 | -€1,390 | -4.4% |
| Amounts payable | 17/49 | €21,751 | €86,880 | +€65,128 | +299% |
| Amounts payable within one year | 42/48 | €21,751 | €86,880 | +€65,128 | +299% |
| Trade debts | 44 | €1,478 | €835 | -€643 | -43.5% |
| Suppliers | 440/4 | €1,478 | €835 | -€643 | -43.5% |
| Taxes, remuneration and social security | 45 | €3,459 | €4,842 | +€1,383 | +40.0% |
| Taxes | 450/3 | €1,609 | €3,163 | +€1,553 | +96.5% |
| Remuneration and social security | 454/9 | €1,850 | €1,679 | -€171 | -9.2% |
| Other amounts payable | 47/48 | €16,814 | €81,203 | +€64,389 | +383% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,512 | €3,199 | +€687 | +27.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,029 | -€1,390 | -€4,418 | |
| Other operating charges | 640/8 | €448 | €63 | -€385 | -85.9% |
| Non-recurring operating charges | 66A | - | €1,479 | +€1,479 | |
| Gross operating margin | 9900 | €53,245 | €61,945 | +€8,701 | +16.3% |
| Operating profit (loss) | 9901 | €47,256 | €58,594 | +€11,338 | +24.0% |
| Financial charges | 65/66B | €33,747 | €34,899 | +€1,152 | +3.4% |
| Recurring financial charges | 65 | €33,747 | €34,899 | +€1,152 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €13,509 | €23,695 | +€10,186 | +75.4% |
| Income taxes | 67/77 | €5,589 | €7,453 | +€1,864 | +33.3% |
| Profit (loss) for the period | 9904 | €7,920 | €16,243 | +€8,322 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €7,920 | €16,243 | +€8,322 | +105% |
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 30 October 2026 via checked.be.