Q-FIX: 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-FIX
Largest movements
- Tangible fixed assets +€51,193
up €51,193 (+10.9%), from €469,102 to €520,295
of which Furniture and vehicles: +€47,225
- Cash +€13,456
up €13,456 (+113.9%), from €11,817 to €25,273
mainly Net result for the year (+€58,443) and Depreciation (+€38,383)
- Receivables within one year -€7,315
down €7,315 (-24.8%), from €29,459 to €22,144
of which Trade receivables: -€7,548
- Profit (loss) carried forward +€58,443
up €58,443 (+68.1%), from €85,788 to €144,231
- Other debts -€41,881
down €41,881 (-69.4%), from €60,322 to €18,441
- Tax, wage and social debts +€13,668
up €13,668 (+197.7%), from €6,914 to €20,582
- Debts after one year +€12,928
up €12,928 (+4.0%), from €319,680 to €332,608
- Current portion of long-term debt +€12,639
up €12,639 (+64.5%), from €19,594 to €32,233
- Gross operating margin +€63,661
up €63,661 (+84.5%), from €75,295 to €138,955
- Taxes +€8,362
up €8,362 (+78.0%), from €10,720 to €19,082
- Depreciation +€7,917
up €7,917 (+26.0%), from €30,466 to €38,383
- Other operating charges +€5,729
up €5,729 (+146.9%), from €3,901 to €9,630
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 | €519,854 | €577,180 | +€57,326 | +11.0% |
| Fixed assets | 21/28 | €475,240 | €526,433 | +€51,193 | +10.8% |
| Tangible fixed assets | 22/27 | €469,102 | €520,295 | +€51,193 | +10.9% |
| Land and buildings | 22 | €420,785 | €401,871 | -€18,914 | -4.5% |
| Plant, machinery and equipment | 23 | €35,261 | €60,324 | +€25,063 | +71.1% |
| Furniture and vehicles | 24 | €7,617 | €54,843 | +€47,225 | +620.0% |
| Other tangible fixed assets | 26 | €5,439 | €3,257 | -€2,182 | -40.1% |
| Financial fixed assets | 28 | €6,138 | €6,138 | = | 0.0% |
| Current assets | 29/58 | €44,614 | €50,747 | +€6,133 | +13.7% |
| Amounts receivable within one year | 40/41 | €29,459 | €22,144 | -€7,315 | -24.8% |
| Trade receivables | 40 | €23,350 | €15,802 | -€7,548 | -32.3% |
| Other amounts receivable | 41 | €6,110 | €6,343 | +€233 | +3.8% |
| Cash at bank and in hand | 54/58 | €11,817 | €25,273 | +€13,456 | +113.9% |
| Deferred charges and accrued income | 490/1 | €3,337 | €3,329 | -€8 | -0.2% |
| Total equity and liabilities | 10/49 | €519,854 | €577,180 | +€57,326 | +11.0% |
| Equity | 10/15 | €93,848 | €164,691 | +€70,843 | +75.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Capital | 10 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,788 | €144,231 | +€58,443 | +68.1% |
| Amounts payable | 17/49 | €426,006 | €412,489 | -€13,517 | -3.2% |
| Amounts payable after more than one year | 17 | €319,680 | €332,608 | +€12,928 | +4.0% |
| Financial debts | 170/4 | €319,680 | €332,608 | +€12,928 | +4.0% |
| Amounts payable within one year | 42/48 | €106,326 | €79,881 | -€26,445 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €19,594 | €32,233 | +€12,639 | +64.5% |
| Trade debts | 44 | €19,495 | €8,625 | -€10,871 | -55.8% |
| Suppliers | 440/4 | €19,495 | €8,625 | -€10,871 | -55.8% |
| Taxes, remuneration and social security | 45 | €6,914 | €20,582 | +€13,668 | +197.7% |
| Taxes | 450/3 | €6,914 | €20,582 | +€13,668 | +197.7% |
| Other amounts payable | 47/48 | €60,322 | €18,441 | -€41,881 | -69.4% |
| Non-recurring operating income | 76A | - | €49,714 | +€49,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,466 | €38,383 | +€7,917 | +26.0% |
| Other operating charges | 640/8 | €3,901 | €9,630 | +€5,729 | +146.9% |
| Gross operating margin | 9900 | €75,295 | €138,955 | +€63,661 | +84.5% |
| Operating profit (loss) | 9901 | €40,928 | €90,943 | +€50,015 | +122.2% |
| Financial income | 75/76B | €2 | €6 | +€4 | +209.5% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +209.5% |
| Financial charges | 65/66B | €14,034 | €13,424 | -€609 | -4.3% |
| Recurring financial charges | 65 | €14,034 | €13,424 | -€609 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €26,896 | €77,525 | +€50,629 | +188.2% |
| Income taxes | 67/77 | €10,720 | €19,082 | +€8,362 | +78.0% |
| Profit (loss) for the period | 9904 | €16,176 | €58,443 | +€42,267 | +261.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,176 | €58,443 | +€42,267 | +261.3% |
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 9 October 2026 via checked.be.