AQD: 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.
AQD
Largest movements
- Cash +€103,631
up €103,631 (+168.1%), from €61,657 to €165,288
mainly Net result for the year (+€204,790) and Other debts (+€35,240)
- Tangible fixed assets -€16,155
down €16,155 (-6.3%), from €254,814 to €238,659
of which Furniture and vehicles: -€11,814
- Profit (loss) carried forward +€204,790
up €204,790 (+704.4%), from €29,071 to €233,861
- Tax, wage and social debts -€85,508
down €85,508 (-92.5%), from €92,408 to €6,901
- Debts after one year -€62,477
down €62,477 (-11.2%), from €559,150 to €496,673
- Other debts +€35,240
up €35,240 (+6.3%), from €562,153 to €597,393
- Gross operating margin +€35,713
up €35,713 (+34.8%), from €102,524 to €138,237
- Financial income +€16,976
up €16,976 (+12.6%), from €135,000 to €151,976
- Taxes +€7,133
up €7,133 (+88.6%), from €8,050 to €15,183
- Financial charges -€5,453
down €5,453 (-9.7%), from €56,466 to €51,013
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,389,136 | €1,491,214 | +€102,078 | +7.3% |
| Formation expenses | 20 | €249 | - | -€249 | |
| Fixed assets | 21/28 | €1,314,714 | €1,298,559 | -€16,155 | -1.2% |
| Tangible fixed assets | 22/27 | €254,814 | €238,659 | -€16,155 | -6.3% |
| Land and buildings | 22 | €206,813 | €200,220 | -€6,593 | -3.2% |
| Furniture and vehicles | 24 | €48,000 | €36,186 | -€11,814 | -24.6% |
| Other tangible fixed assets | 26 | - | €2,252 | +€2,252 | |
| Financial fixed assets | 28 | €1,059,900 | €1,059,900 | = | 0.0% |
| Current assets | 29/58 | €74,173 | €192,655 | +€118,482 | +159.7% |
| Amounts receivable within one year | 40/41 | €11,950 | €26,374 | +€14,424 | +120.7% |
| Trade receivables | 40 | - | €14,450 | +€14,450 | |
| Other amounts receivable | 41 | €11,950 | €11,924 | -€26 | -0.2% |
| Cash at bank and in hand | 54/58 | €61,657 | €165,288 | +€103,631 | +168.1% |
| Deferred charges and accrued income | 490/1 | €567 | €994 | +€427 | +75.4% |
| Total equity and liabilities | 10/49 | €1,389,136 | €1,491,214 | +€102,078 | +7.3% |
| Equity | 10/15 | €41,571 | €246,361 | +€204,790 | +492.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,071 | €233,861 | +€204,790 | +704.4% |
| Amounts payable | 17/49 | €1,347,564 | €1,244,853 | -€102,712 | -7.6% |
| Amounts payable after more than one year | 17 | €559,150 | €496,673 | -€62,477 | -11.2% |
| Financial debts | 170/4 | €559,150 | €496,673 | -€62,477 | -11.2% |
| Amounts payable within one year | 42/48 | €788,414 | €748,180 | -€40,234 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €132,968 | €143,536 | +€10,568 | +7.9% |
| Trade debts | 44 | €885 | €349 | -€535 | -60.5% |
| Suppliers | 440/4 | €885 | €349 | -€535 | -60.5% |
| Taxes, remuneration and social security | 45 | €92,408 | €6,901 | -€85,508 | -92.5% |
| Taxes | 450/3 | €92,408 | €6,901 | -€85,508 | -92.5% |
| Other amounts payable | 47/48 | €562,153 | €597,393 | +€35,240 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,913 | €19,064 | +€1,151 | +6.4% |
| Other operating charges | 640/8 | €129 | €157 | +€28 | +21.9% |
| Non-recurring operating charges | 66A | - | €5 | +€5 | |
| Gross operating margin | 9900 | €102,524 | €138,237 | +€35,713 | +34.8% |
| Operating profit (loss) | 9901 | €84,482 | €119,010 | +€34,528 | +40.9% |
| Financial income | 75/76B | €135,000 | €151,976 | +€16,976 | +12.6% |
| Recurring financial income | 75 | €135,000 | €151,976 | +€16,976 | +12.6% |
| Financial charges | 65/66B | €56,466 | €51,013 | -€5,453 | -9.7% |
| Recurring financial charges | 65 | €56,466 | €51,013 | -€5,453 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €163,015 | €219,974 | +€56,958 | +34.9% |
| Income taxes | 67/77 | €8,050 | €15,183 | +€7,133 | +88.6% |
| Profit (loss) for the period | 9904 | €154,965 | €204,790 | +€49,825 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,965 | €204,790 | +€49,825 | +32.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.