ByQwest: 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.
ByQwest
Largest movements
- Receivables within one year +€59,026
up €59,026 (+137%), from €43,138 to €102,164
of which Other amounts receivable: +€69,599
- Cash +€21,345
up €21,345 (+149%), from €14,354 to €35,699
mainly Tax, wage and social debts (+€62,711) and Trade debts (+€17,578)
- Tangible fixed assets +€6,017
up €6,017 (+94.1%), from €6,393 to €12,410
- Financial fixed assets -€5,000
down €5,000 (-83.3%), from €6,000 to €1,000
- Tax, wage and social debts +€62,711
up €62,711 (+930%), from €6,742 to €69,454
- Trade debts +€17,578
up €17,578 (+63.2%), from €27,805 to €45,383
- Profit (loss) carried forward +€6,151
up €6,151 (+23.6%), from €26,043 to €32,194
- Other debts -€5,000
down €5,000 (-100%), from €5,000 to €0
- Gross operating margin -€31,446
down €31,446 (-72.3%), from €43,494 to €12,048
- Taxes -€4,572
down €4,572 (-67.8%), from €6,742 to €2,170
- Depreciation +€1,400
up €1,400 (+273%), from €512 to €1,912
- Financial charges +€819
up €819 (+116%), from €705 to €1,524
- Financial income -€593
down €593 (-86.0%), from €690 to €97
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.
Derived cash bridge
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 | €71,781 | €153,240 | +€81,459 | +113% |
| Fixed assets | 21/28 | €12,393 | €13,410 | +€1,017 | +8.2% |
| Tangible fixed assets | 22/27 | €6,393 | €12,410 | +€6,017 | +94.1% |
| Furniture and vehicles | 24 | €6,393 | €12,410 | +€6,017 | +94.1% |
| Financial fixed assets | 28 | €6,000 | €1,000 | -€5,000 | -83.3% |
| Current assets | 29/58 | €59,388 | €139,830 | +€80,442 | +135% |
| Amounts receivable within one year | 40/41 | €43,138 | €102,164 | +€59,026 | +137% |
| Trade receivables | 40 | €13,515 | €2,942 | -€10,573 | -78.2% |
| Other amounts receivable | 41 | €29,623 | €99,222 | +€69,599 | +235% |
| Cash at bank and in hand | 54/58 | €14,354 | €35,699 | +€21,345 | +149% |
| Deferred charges and accrued income | 490/1 | €1,895 | €1,967 | +€71 | +3.8% |
| Total equity and liabilities | 10/49 | €71,781 | €153,240 | +€81,459 | +113% |
| Equity | 10/15 | €32,233 | €38,403 | +€6,170 | +19.1% |
| Contributions | 10/11 | €6,190 | €6,209 | +€19 | +0.3% |
| Profit (loss) carried forward | 14 | €26,043 | €32,194 | +€6,151 | +23.6% |
| Amounts payable | 17/49 | €39,548 | €114,837 | +€75,289 | +190% |
| Amounts payable within one year | 42/48 | €39,548 | €114,837 | +€75,289 | +190% |
| Trade debts | 44 | €27,805 | €45,383 | +€17,578 | +63.2% |
| Suppliers | 440/4 | €27,805 | €45,383 | +€17,578 | +63.2% |
| Taxes, remuneration and social security | 45 | €6,742 | €69,454 | +€62,711 | +930% |
| Taxes | 450/3 | €6,742 | €69,454 | +€62,711 | +930% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €1,912 | +€1,400 | +273% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €43,494 | €12,048 | -€31,446 | -72.3% |
| Operating profit (loss) | 9901 | €42,598 | €9,749 | -€32,849 | -77.1% |
| Financial income | 75/76B | €690 | €97 | -€593 | -86.0% |
| Recurring financial income | 75 | €690 | €97 | -€593 | -86.0% |
| Financial charges | 65/66B | €705 | €1,524 | +€819 | +116% |
| Recurring financial charges | 65 | €705 | €1,524 | +€819 | +116% |
| Profit (loss) for the period before taxes | 9903 | €42,583 | €8,321 | -€34,262 | -80.5% |
| Income taxes | 67/77 | €6,742 | €2,170 | -€4,572 | -67.8% |
| Profit (loss) for the period | 9904 | €35,841 | €6,151 | -€29,690 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,841 | €6,151 | -€29,690 | -82.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.