QADE: 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.
QADE
Largest movements
- Deferred charges and accrued income -€15,634
no longer reported in 2024 (was €15,634)
- Tangible fixed assets -€11,849
down €11,849 (-33.2%), from €35,694 to €23,845
of which Furniture and vehicles: -€7,360
- Receivables within one year +€6,365
up €6,365 (+14.6%), from €43,512 to €49,877
- Cash +€1,114
up €1,114 (+14.6%), from €7,616 to €8,730
mainly Deferred charges and accrued income (+€15,634) and Depreciation (+€11,849)
- Profit (loss) carried forward -€8,465
down €8,465 (-129%), from -€6,583 to -€15,048
- Debts after one year -€6,584
down €6,584 (-48.8%), from €13,488 to €6,904
- Tax, wage and social debts -€5,197
down €5,197 (-13.7%), from €37,811 to €32,615
of which Remuneration and social security: -€2,742
- Short-term financial debts +€3,769
new in 2024: €3,769
- Trade debts -€2,097
down €2,097 (-20.6%), from €10,197 to €8,100
- Staff costs +€4,308
up €4,308 (+6.7%), from €64,454 to €68,762
- Gross operating margin -€3,974
down €3,974 (-5.3%), from €74,648 to €70,673
- Financial income +€2,970
new in 2024: €2,970
of which Financial income: +€2,970
- Depreciation -€1,843
down €1,843 (-13.5%), from €13,692 to €11,849
- Financial charges -€1,286
down €1,286 (-49.5%), from €2,598 to €1,312
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 | €106,526 | €86,522 | -€20,003 | -18.8% |
| Fixed assets | 21/28 | €39,764 | €27,915 | -€11,849 | -29.8% |
| Tangible fixed assets | 22/27 | €35,694 | €23,845 | -€11,849 | -33.2% |
| Land and buildings | 22 | €2,347 | €2,011 | -€335 | -14.3% |
| Plant, machinery and equipment | 23 | €11,739 | €7,585 | -€4,154 | -35.4% |
| Furniture and vehicles | 24 | €21,608 | €14,249 | -€7,360 | -34.1% |
| Financial fixed assets | 28 | €4,070 | €4,070 | = | 0.0% |
| Current assets | 29/58 | €66,762 | €58,607 | -€8,155 | -12.2% |
| Amounts receivable within one year | 40/41 | €43,512 | €49,877 | +€6,365 | +14.6% |
| Trade receivables | 40 | €43,512 | €49,877 | +€6,365 | +14.6% |
| Cash at bank and in hand | 54/58 | €7,616 | €8,730 | +€1,114 | +14.6% |
| Deferred charges and accrued income | 490/1 | €15,634 | - | -€15,634 | |
| Total equity and liabilities | 10/49 | €106,526 | €86,522 | -€20,003 | -18.8% |
| Equity | 10/15 | €33,143 | €24,678 | -€8,465 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,126 | €21,126 | = | 0.0% |
| Distributable reserves | 133 | €21,126 | €21,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,583 | -€15,048 | -€8,465 | -129% |
| Amounts payable | 17/49 | €73,383 | €61,844 | -€11,539 | -15.7% |
| Amounts payable after more than one year | 17 | €13,488 | €6,904 | -€6,584 | -48.8% |
| Financial debts | 170/4 | €13,488 | €6,904 | -€6,584 | -48.8% |
| Amounts payable within one year | 42/48 | €58,330 | €54,941 | -€3,389 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €6,313 | €6,584 | +€272 | +4.3% |
| Financial debts | 43 | - | €3,769 | +€3,769 | |
| Credit institutions | 430/8 | - | €3,769 | +€3,769 | |
| Trade debts | 44 | €10,197 | €8,100 | -€2,097 | -20.6% |
| Suppliers | 440/4 | €10,197 | €8,100 | -€2,097 | -20.6% |
| Advances received on contracts in progress | 46 | €2,320 | €2,320 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €37,811 | €32,615 | -€5,197 | -13.7% |
| Taxes | 450/3 | €19,614 | €17,159 | -€2,455 | -12.5% |
| Remuneration and social security | 454/9 | €18,197 | €15,456 | -€2,742 | -15.1% |
| Other amounts payable | 47/48 | €1,688 | €1,552 | -€136 | -8.1% |
| Accrued charges and deferred income | 492/3 | €1,565 | - | -€1,565 | |
| Remuneration, social security and pensions | 62 | €64,454 | €68,762 | +€4,308 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,692 | €11,849 | -€1,843 | -13.5% |
| Other operating charges | 640/8 | €487 | €186 | -€301 | -61.9% |
| Gross operating margin | 9900 | €74,648 | €70,673 | -€3,974 | -5.3% |
| Operating profit (loss) | 9901 | -€3,985 | -€10,123 | -€6,138 | -154% |
| Financial income | 75/76B | - | €2,970 | +€2,970 | |
| Recurring financial income | 75 | - | €2,970 | +€2,970 | |
| Non-recurring financial income | 76B | - | €2,970 | +€2,970 | |
| Financial charges | 65/66B | €2,598 | €1,312 | -€1,286 | -49.5% |
| Recurring financial charges | 65 | €2,598 | €1,312 | -€1,286 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,583 | -€8,465 | -€1,882 | -28.6% |
| Profit (loss) for the period | 9904 | -€6,583 | -€8,465 | -€1,882 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,583 | -€8,465 | -€1,882 | -28.6% |
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 14 October 2026 via checked.be.