PQ: 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.
PQ
Largest movements
- Deferred charges and accrued income -€38,968
no longer reported in 2024 (was €38,968)
- Cash +€33,144
new in 2024: €33,144
mainly Deferred charges and accrued income (+€38,968) and Other debts (+€30,000)
- Stocks and contracts -€29,350
down €29,350 (-21.8%), from €134,404 to €105,054
- Receivables within one year +€26,699
up €26,699 (+10.8%), from €247,589 to €274,288
of which Trade receivables: +€30,340
- Trade debts -€33,383
down €33,383 (-41.8%), from €79,769 to €46,386
- Other debts +€30,000
up €30,000 (+46.9%), from €64,030 to €94,030
- Debts after one year -€7,693
down €7,693 (-7.7%), from €100,000 to €92,307
of which Other amounts payable: -€82,693
- Gross operating margin +€6,822
up €6,822 (+175.8%), from €3,881 to €10,703
- Taxes +€5,531
new in 2024: €5,531
- Financial charges +€2,105
up €2,105 (+336.6%), from €626 to €2,731
- Other operating charges -€1,465
down €1,465 (-61.7%), from €2,375 to €910
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 | €420,960 | €412,485 | -€8,475 | -2.0% |
| Current assets | 29/58 | €420,960 | €412,485 | -€8,475 | -2.0% |
| Stocks and contracts in progress | 3 | €134,404 | €105,054 | -€29,350 | -21.8% |
| Stocks | 30/36 | €134,404 | €105,054 | -€29,350 | -21.8% |
| Amounts receivable within one year | 40/41 | €247,589 | €274,288 | +€26,699 | +10.8% |
| Trade receivables | 40 | €221,248 | €251,588 | +€30,340 | +13.7% |
| Other amounts receivable | 41 | €26,341 | €22,700 | -€3,641 | -13.8% |
| Cash at bank and in hand | 54/58 | - | €33,144 | +€33,144 | |
| Deferred charges and accrued income | 490/1 | €38,968 | - | -€38,968 | |
| Total equity and liabilities | 10/49 | €420,960 | €412,485 | -€8,475 | -2.0% |
| Equity | 10/15 | €175,412 | €176,943 | +€1,531 | +0.9% |
| Contributions | 10/11 | €564,480 | €564,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€389,068 | -€387,537 | +€1,531 | +0.4% |
| Amounts payable | 17/49 | €245,549 | €235,542 | -€10,006 | -4.1% |
| Amounts payable after more than one year | 17 | €100,000 | €92,307 | -€7,693 | -7.7% |
| Financial debts | 170/4 | - | €75,000 | +€75,000 | |
| Other amounts payable | 178/9 | €100,000 | €17,307 | -€82,693 | -82.7% |
| Amounts payable within one year | 42/48 | €145,549 | €143,236 | -€2,313 | -1.6% |
| Financial debts | 43 | €1,750 | €1,750 | = | 0.0% |
| Credit institutions | 430/8 | €1,750 | €1,750 | = | 0.0% |
| Trade debts | 44 | €79,769 | €46,386 | -€33,383 | -41.8% |
| Suppliers | 440/4 | €79,769 | €46,386 | -€33,383 | -41.8% |
| Taxes, remuneration and social security | 45 | - | €1,070 | +€1,070 | |
| Taxes | 450/3 | - | €1,070 | +€1,070 | |
| Other amounts payable | 47/48 | €64,030 | €94,030 | +€30,000 | +46.9% |
| Other operating charges | 640/8 | €2,375 | €910 | -€1,465 | -61.7% |
| Gross operating margin | 9900 | €3,881 | €10,703 | +€6,822 | +175.8% |
| Operating profit (loss) | 9901 | €1,506 | €9,793 | +€8,287 | +550.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €626 | €2,731 | +€2,105 | +336.6% |
| Recurring financial charges | 65 | €626 | €2,731 | +€2,105 | +336.6% |
| Profit (loss) for the period before taxes | 9903 | €880 | €7,063 | +€6,182 | +702.5% |
| Income taxes | 67/77 | - | €5,531 | +€5,531 | |
| Profit (loss) for the period | 9904 | €880 | €1,531 | +€651 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €880 | €1,531 | +€651 | +74.0% |
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 28 September 2026 via checked.be.