Q-fin: 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.
Q-fin
Largest movements
- Financial fixed assets -€79,501
down €79,501 (-99.3%), from €80,078 to €577
- Receivables within one year -€45,159
down €45,159 (-98.0%), from €46,100 to €942
- Cash -€21,552
down €21,552 (-91.6%), from €23,536 to €1,984
mainly Other debts (-€57,576) and Debts after one year (-€24,830)
- Tangible fixed assets -€5,154
down €5,154 (-6.0%), from €86,536 to €81,382
of which Land and buildings: -€2,655
- Other debts -€57,576
down €57,576 (-32.5%), from €176,912 to €119,336
- Profit (loss) carried forward -€39,768
down €39,768 (-21.9%), from -€181,996 to -€221,764
- Debts after one year -€24,830
no longer reported in 2024 (was €24,830)
- Trade debts -€13,031
down €13,031 (-67.5%), from €19,301 to €6,269
- Current portion of long-term debt -€11,920
down €11,920 (-28.4%), from €42,037 to €30,117
- Financial charges -€149,200
down €149,200 (-93.6%), from €159,388 to €10,188
of which Non-recurring financial charges: -€150,139
- Other operating charges +€72,947
up €72,947 (+698%), from €10,452 to €83,399
- Taxes +€19,756
up €19,756 (+136%), from €14,502 to €34,258
- Gross operating margin -€18,638
down €18,638 (-15.1%), from €123,149 to €104,511
- Financial income +€11,839
up €11,839 (+1,149,439%), from €1 to €11,840
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 | €236,250 | €84,885 | -€151,366 | -64.1% |
| Fixed assets | 21/28 | €166,614 | €81,959 | -€84,656 | -50.8% |
| Tangible fixed assets | 22/27 | €86,536 | €81,382 | -€5,154 | -6.0% |
| Land and buildings | 22 | €66,082 | €63,427 | -€2,655 | -4.0% |
| Plant, machinery and equipment | 23 | €2,148 | €1,292 | -€856 | -39.8% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Other tangible fixed assets | 26 | €18,307 | €16,663 | -€1,643 | -9.0% |
| Financial fixed assets | 28 | €80,078 | €577 | -€79,501 | -99.3% |
| Current assets | 29/58 | €69,636 | €2,926 | -€66,710 | -95.8% |
| Amounts receivable within one year | 40/41 | €46,100 | €942 | -€45,159 | -98.0% |
| Other amounts receivable | 41 | €46,100 | €942 | -€45,159 | -98.0% |
| Cash at bank and in hand | 54/58 | €23,536 | €1,984 | -€21,552 | -91.6% |
| Total equity and liabilities | 10/49 | €236,250 | €84,885 | -€151,366 | -64.1% |
| Equity | 10/15 | -€45,963 | -€85,731 | -€39,768 | -86.5% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €128,833 | €128,833 | = | 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% |
| Tax-exempt reserves | 132 | €5,473 | €5,473 | = | 0.0% |
| Distributable reserves | 133 | €121,500 | €121,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,996 | -€221,764 | -€39,768 | -21.9% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €277,214 | €165,616 | -€111,598 | -40.3% |
| Amounts payable after more than one year | 17 | €24,830 | - | -€24,830 | |
| Financial debts | 170/4 | €24,830 | - | -€24,830 | |
| Amounts payable within one year | 42/48 | €250,888 | €165,616 | -€85,273 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €42,037 | €30,117 | -€11,920 | -28.4% |
| Trade debts | 44 | €19,301 | €6,269 | -€13,031 | -67.5% |
| Suppliers | 440/4 | €19,301 | €6,269 | -€13,031 | -67.5% |
| Taxes, remuneration and social security | 45 | €12,639 | €9,893 | -€2,746 | -21.7% |
| Taxes | 450/3 | €12,639 | €9,893 | -€2,746 | -21.7% |
| Other amounts payable | 47/48 | €176,912 | €119,336 | -€57,576 | -32.5% |
| Accrued charges and deferred income | 492/3 | €1,495 | - | -€1,495 | |
| Non-recurring operating income | 76A | €20,593 | €13,958 | -€6,635 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,916 | €5,154 | +€238 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,120 | +€3,120 | |
| Other operating charges | 640/8 | €10,452 | €83,399 | +€72,947 | +698% |
| Gross operating margin | 9900 | €123,149 | €104,511 | -€18,638 | -15.1% |
| Operating profit (loss) | 9901 | €107,781 | €12,838 | -€94,943 | -88.1% |
| Financial income | 75/76B | €1 | €11,840 | +€11,839 | +1,149,439% |
| Recurring financial income | 75 | €1 | €11,840 | +€11,839 | +1,149,439% |
| Financial charges | 65/66B | €159,388 | €10,188 | -€149,200 | -93.6% |
| Recurring financial charges | 65 | €4,530 | €5,470 | +€939 | +20.7% |
| Non-recurring financial charges | 66B | €154,857 | €4,718 | -€150,139 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | -€51,606 | €14,491 | +€66,096 | |
| Income taxes | 67/77 | €14,502 | €34,258 | +€19,756 | +136% |
| Profit (loss) for the period | 9904 | -€66,107 | -€19,768 | +€46,340 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,107 | -€19,768 | +€46,340 | +70.1% |
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 14 October 2026 via checked.be.