GEORGE QUIZ: 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.
GEORGE QUIZ
Largest movements
- Receivables within one year -€61,618
down €61,618 (-82.1%), from €75,028 to €13,411
of which Trade receivables: -€31,804
- Intangible fixed assets -€50,116
down €50,116 (-25.4%), from €197,461 to €147,345
- Cash -€48,868
down €48,868 (-93.2%), from €52,438 to €3,570
mainly Net result for the year (-€173,859) and Trade debts (-€19,727)
- Deferred charges and accrued income -€29,572
down €29,572 (-49.2%), from €60,082 to €30,510
- Stocks and contracts -€10,488
down €10,488 (-65.1%), from €16,100 to €5,612
- Profit (loss) carried forward -€173,859
down €173,859 (-46.3%), from -€375,382 to -€549,241
- Trade debts -€19,727
down €19,727 (-25.3%), from €78,110 to €58,383
- Depreciation +€17,402
up €17,402 (+52.8%), from €32,985 to €50,387
- Gross operating margin +€12,721
up €12,721 (+9.6%), from -€133,101 to -€120,381
- Staff costs -€5,698
down €5,698 (-70.8%), from €8,051 to €2,353
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 | €401,886 | €202,654 | -€199,232 | -49.6% |
| Fixed assets | 21/28 | €198,238 | €149,551 | -€48,687 | -24.6% |
| Intangible fixed assets | 21 | €197,461 | €147,345 | -€50,116 | -25.4% |
| Tangible fixed assets | 22/27 | €518 | €247 | -€271 | -52.3% |
| Furniture and vehicles | 24 | €518 | €247 | -€271 | -52.3% |
| Financial fixed assets | 28 | €259 | €1,959 | +€1,700 | +655% |
| Current assets | 29/58 | €203,648 | €53,103 | -€150,545 | -73.9% |
| Stocks and contracts in progress | 3 | €16,100 | €5,612 | -€10,488 | -65.1% |
| Stocks | 30/36 | €16,100 | €5,612 | -€10,488 | -65.1% |
| Amounts receivable within one year | 40/41 | €75,028 | €13,411 | -€61,618 | -82.1% |
| Trade receivables | 40 | €36,329 | €4,526 | -€31,804 | -87.5% |
| Other amounts receivable | 41 | €38,699 | €8,885 | -€29,814 | -77.0% |
| Cash at bank and in hand | 54/58 | €52,438 | €3,570 | -€48,868 | -93.2% |
| Deferred charges and accrued income | 490/1 | €60,082 | €30,510 | -€29,572 | -49.2% |
| Total equity and liabilities | 10/49 | €401,886 | €202,654 | -€199,232 | -49.6% |
| Equity | 10/15 | €263,097 | €89,238 | -€173,859 | -66.1% |
| Contributions | 10/11 | €638,479 | €638,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€375,382 | -€549,241 | -€173,859 | -46.3% |
| Amounts payable | 17/49 | €138,789 | €113,416 | -€25,372 | -18.3% |
| Amounts payable within one year | 42/48 | €138,755 | €113,383 | -€25,372 | -18.3% |
| Trade debts | 44 | €78,110 | €58,383 | -€19,727 | -25.3% |
| Suppliers | 440/4 | €78,110 | €58,383 | -€19,727 | -25.3% |
| Taxes, remuneration and social security | 45 | €3,184 | - | -€3,184 | |
| Remuneration and social security | 454/9 | €3,184 | - | -€3,184 | |
| Other amounts payable | 47/48 | €57,461 | €55,000 | -€2,461 | -4.3% |
| Accrued charges and deferred income | 492/3 | €34 | €33 | -€0 | -0.6% |
| Remuneration, social security and pensions | 62 | €8,051 | €2,353 | -€5,698 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,985 | €50,387 | +€17,402 | +52.8% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€133,101 | -€120,381 | +€12,721 | +9.6% |
| Operating profit (loss) | 9901 | -€174,522 | -€173,120 | +€1,402 | +0.8% |
| Financial income | 75/76B | €240 | €53 | -€188 | -78.0% |
| Recurring financial income | 75 | €240 | €53 | -€188 | -78.0% |
| Financial charges | 65/66B | €1,592 | €781 | -€811 | -50.9% |
| Recurring financial charges | 65 | €1,592 | €781 | -€811 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | -€175,874 | -€173,849 | +€2,025 | +1.2% |
| Income taxes | 67/77 | - | €10 | +€10 | |
| Profit (loss) for the period | 9904 | -€175,874 | -€173,859 | +€2,015 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€175,874 | -€173,859 | +€2,015 | +1.1% |
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 31 October 2026 via checked.be.