CQFD: 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.
CQFD
Largest movements
- Cash -€6,373
down €6,373 (-68.2%), from €9,346 to €2,973
mainly Trade debts (-€4,720) and Other debts (-€3,803)
- Receivables within one year -€496
down €496 (-12.0%), from €4,147 to €3,651
- Trade debts -€4,720
down €4,720 (-43.7%), from €10,793 to €6,073
- Other debts -€3,803
down €3,803 (-81.5%), from €4,665 to €862
- Profit (loss) carried forward +€1,678
up €1,678 (+13.4%), from -€12,556 to -€10,878
- Gross operating margin +€1,062
up €1,062 (+137.0%), from €775 to €1,837
- Other operating charges -€330
down €330 (-83.3%), from €396 to €66
- Financial income +€135
new in 2024: €135
- Financial charges -€25
down €25 (-9.8%), from €251 to €227
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 | €13,493 | €6,624 | -€6,869 | -50.9% |
| Current assets | 29/58 | €13,493 | €6,624 | -€6,869 | -50.9% |
| Amounts receivable within one year | 40/41 | €4,147 | €3,651 | -€496 | -12.0% |
| Trade receivables | 40 | €4,147 | €3,651 | -€496 | -12.0% |
| Cash at bank and in hand | 54/58 | €9,346 | €2,973 | -€6,373 | -68.2% |
| Total equity and liabilities | 10/49 | €13,493 | €6,624 | -€6,869 | -50.9% |
| Equity | 10/15 | -€2,696 | -€1,018 | +€1,678 | +62.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,556 | -€10,878 | +€1,678 | +13.4% |
| Amounts payable | 17/49 | €16,190 | €7,642 | -€8,548 | -52.8% |
| Amounts payable within one year | 42/48 | €16,190 | €7,642 | -€8,548 | -52.8% |
| Trade debts | 44 | €10,793 | €6,073 | -€4,720 | -43.7% |
| Suppliers | 440/4 | €10,793 | €6,073 | -€4,720 | -43.7% |
| Taxes, remuneration and social security | 45 | €732 | €706 | -€25 | -3.5% |
| Taxes | 450/3 | €732 | €706 | -€25 | -3.5% |
| Other amounts payable | 47/48 | €4,665 | €862 | -€3,803 | -81.5% |
| Other operating charges | 640/8 | €396 | €66 | -€330 | -83.3% |
| Gross operating margin | 9900 | €775 | €1,837 | +€1,062 | +137.0% |
| Operating profit (loss) | 9901 | €379 | €1,770 | +€1,392 | +367.5% |
| Financial income | 75/76B | - | €135 | +€135 | |
| Recurring financial income | 75 | - | €135 | +€135 | |
| Financial charges | 65/66B | €251 | €227 | -€25 | -9.8% |
| Recurring financial charges | 65 | €251 | €227 | -€25 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €127 | €1,678 | +€1,551 | +1217.6% |
| Profit (loss) for the period | 9904 | €127 | €1,678 | +€1,551 | +1217.6% |
| Profit (loss) for the period to be appropriated | 9905 | €127 | €1,678 | +€1,551 | +1217.6% |
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 12 October 2026 via checked.be.