CQFD Europe: what changed
What changed
CQFD Europe
NACE 90.311, Arts creation and performing arts activities
filed annual accounts (NBB)
Net result for the year
€29
2022 · -€21,295+€21,324
Equity
-€111,248
2022 · -€111,277+€29
Cash
€940
2022 · €940
Balance sheet total
€5,462
2022 · €3,849+€1,613
Largest movements
Assets
- Receivables within one year +€1,613
up €1,613 (+55.4%), from €2,909 to €4,522
of which Other amounts receivable: +€1,613
Equity and liabilities
- Tax, wage and social debts +€1,619
up €1,619 (+438%), from €369 to €1,988
Income statement
- Gross operating margin +€10,573
up €10,573, from -€10,544 to €29
- Financial charges -€10,193
down €10,193 (-100%), from €10,193 to €0
of which Non-recurring financial charges: -€10,017
- Financial income -€3,317
down €3,317 (-100%), from €3,317 to €0
- Staff costs -€293
down €293 (-100%), from €293 to €0
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2022
-€21,295
Gross operating margin
+€10,573
Staff costs
+€293
Other operating items
+€3,581
Financial income
-€3,317
Financial charges
+€10,193
Result 2023
€29
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
€0
Investment
€0
Financing
€0
Cash 2022
€940
From operations (derived)
€0
Net result for the year
+€29
Receivables within one year
-€1,613
Trade debts
-€35
Tax, wage and social debts
+€1,619
Cash 2023
€940
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,849 | €5,462 | +€1,613 | +41.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €3,849 | €5,462 | +€1,613 | +41.9% |
| Amounts receivable within one year | 40/41 | €2,909 | €4,522 | +€1,613 | +55.4% |
| Trade receivables | 40 | €1,030 | €1,030 | = | 0.0% |
| Other amounts receivable | 41 | €1,879 | €3,492 | +€1,613 | +85.8% |
| Cash at bank and in hand | 54/58 | €940 | €940 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,849 | €5,462 | +€1,613 | +41.9% |
| Equity | 10/15 | -€111,277 | -€111,248 | +€29 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,191 | -€133,162 | +€29 | 0.0% |
| Investment grants | 15 | €3,314 | €3,314 | = | 0.0% |
| Amounts payable | 17/49 | €115,126 | €116,709 | +€1,584 | +1.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €115,126 | €116,709 | +€1,584 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,409 | €6,374 | -€35 | -0.5% |
| Suppliers | 440/4 | €6,409 | €6,374 | -€35 | -0.5% |
| Taxes, remuneration and social security | 45 | €369 | €1,988 | +€1,619 | +438% |
| Taxes | 450/3 | €369 | €1,988 | +€1,619 | +438% |
| Other amounts payable | 47/48 | €108,348 | €108,348 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €293 | €0 | -€293 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | - | = | |
| Non-recurring operating charges | 66A | €3,581 | €0 | -€3,581 | -100% |
| Gross operating margin | 9900 | -€10,544 | €29 | +€10,573 | |
| Operating profit (loss) | 9901 | -€14,419 | €29 | +€14,448 | |
| Financial income | 75/76B | €3,317 | €0 | -€3,317 | -100% |
| Recurring financial income | 75 | €3,317 | €0 | -€3,317 | -100% |
| Financial charges | 65/66B | €10,193 | €0 | -€10,193 | -100% |
| Recurring financial charges | 65 | €175 | €0 | -€175 | -100% |
| Non-recurring financial charges | 66B | €10,017 | €0 | -€10,017 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€21,295 | €29 | +€21,324 | |
| Profit (loss) for the period | 9904 | -€21,295 | €29 | +€21,324 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,295 | €29 | +€21,324 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.