Q MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€37,732
down €37,732 (-81.6%), from €46,264 to €8,532
of which Other amounts receivable: -€43,284
- Deferred charges and accrued income -€8,612
down €8,612 (-34.4%), from €25,068 to €16,456
- Cash -€5,786
down €5,786 (-69.2%), from €8,356 to €2,570
mainly Net result for the year (-€29,312) and Other debts (-€23,325)
- Other debts -€23,325
down €23,325 (-64.2%), from €36,336 to €13,011
- Reserves -€18,659
no longer reported in 2024 (was €18,659)
of which Distributable reserves: -€17,376
- Profit (loss) carried forward -€10,653
new in 2024: -€10,653
- Trade debts +€2,292
up €2,292 (+299%), from €766 to €3,058
- Tax, wage and social debts -€1,738
down €1,738 (-45.1%), from €3,853 to €2,115
- Gross operating margin -€14,894
down €14,894 (-188%), from -€7,942 to -€22,836
- Financial charges -€2,149
down €2,149 (-29.1%), from €7,386 to €5,237
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 | €79,713 | €27,558 | -€52,155 | -65.4% |
| Fixed assets | 21/28 | €25 | - | -€25 | |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €79,688 | €27,558 | -€52,130 | -65.4% |
| Amounts receivable within one year | 40/41 | €46,264 | €8,532 | -€37,732 | -81.6% |
| Trade receivables | 40 | €2,448 | €8,000 | +€5,552 | +227% |
| Other amounts receivable | 41 | €43,816 | €532 | -€43,284 | -98.8% |
| Cash at bank and in hand | 54/58 | €8,356 | €2,570 | -€5,786 | -69.2% |
| Deferred charges and accrued income | 490/1 | €25,068 | €16,456 | -€8,612 | -34.4% |
| Total equity and liabilities | 10/49 | €79,713 | €27,558 | -€52,155 | -65.4% |
| Equity | 10/15 | €38,659 | €9,347 | -€29,312 | -75.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €18,659 | - | -€18,659 | |
| Non-distributable reserves | 130/1 | €1,283 | - | -€1,283 | |
| Reserves not available under the articles | 1311 | €1,283 | - | -€1,283 | |
| Distributable reserves | 133 | €17,376 | - | -€17,376 | |
| Profit (loss) carried forward | 14 | - | -€10,653 | -€10,653 | |
| Amounts payable | 17/49 | €41,054 | €18,211 | -€22,843 | -55.6% |
| Amounts payable within one year | 42/48 | €40,955 | €18,211 | -€22,744 | -55.5% |
| Financial debts | 43 | - | €27 | +€27 | |
| Credit institutions | 430/8 | - | €27 | +€27 | |
| Trade debts | 44 | €766 | €3,058 | +€2,292 | +299% |
| Suppliers | 440/4 | €766 | €3,058 | +€2,292 | +299% |
| Taxes, remuneration and social security | 45 | €3,853 | €2,115 | -€1,738 | -45.1% |
| Taxes | 450/3 | €3,853 | €2,115 | -€1,738 | -45.1% |
| Other amounts payable | 47/48 | €36,336 | €13,011 | -€23,325 | -64.2% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Other operating charges | 640/8 | €1,187 | €1,097 | -€90 | -7.5% |
| Gross operating margin | 9900 | -€7,942 | -€22,836 | -€14,894 | -188% |
| Operating profit (loss) | 9901 | -€9,129 | -€23,933 | -€14,804 | -162% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1,420% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1,420% |
| Financial charges | 65/66B | €7,386 | €5,237 | -€2,149 | -29.1% |
| Recurring financial charges | 65 | €7,386 | €5,237 | -€2,149 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,515 | -€29,168 | -€12,653 | -76.6% |
| Income taxes | 67/77 | €173 | €144 | -€30 | -17.0% |
| Profit (loss) for the period | 9904 | -€16,688 | -€29,312 | -€12,624 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,688 | -€29,312 | -€12,624 | -75.6% |
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 18 October 2026 via checked.be.