QASTAN: 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.
QASTAN
Largest movements
- Cash -€59,999
down €59,999 (-24.1%), from €248,747 to €188,748
mainly Investment in fixed assets (net) (-€109,653) and Short-term financial debts (-€70,000)
- Tangible fixed assets +€47,373
up €47,373 (+27.5%), from €172,134 to €219,508
of which Furniture and vehicles: +€79,708
- Intangible fixed assets -€32,442
down €32,442 (-14.9%), from €217,458 to €185,016
- Deferred charges and accrued income -€29,136
down €29,136 (-49.1%), from €59,297 to €30,161
- Receivables within one year +€25,986
up €25,986 (+5.8%), from €446,718 to €472,704
of which Trade receivables: +€67,349
- Reserves +€91,537
up €91,537 (+26.7%), from €342,360 to €433,897
- Short-term financial debts -€70,000
down €70,000 (-100%), from €70,000 to €0
of which Credit institutions: -€70,000
- Trade debts -€69,010
down €69,010 (-36.4%), from €189,550 to €120,541
- Tax, wage and social debts +€29,861
up €29,861 (+14.3%), from €209,191 to €239,052
of which Taxes: +€46,792
- Debts after one year -€28,799
down €28,799 (-11.9%), from €241,220 to €212,421
- Gross operating margin +€116,452
up €116,452 (+11.7%), from €994,327 to €1.1m
- Staff costs -€102,925
down €102,925 (-11.0%), from €936,731 to €833,806
- Taxes +€43,896
up €43,896 (+2,722%), from €1,612 to €45,508
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 | €1,269,365 | €1,221,148 | -€48,217 | -3.8% |
| Fixed assets | 21/28 | €514,602 | €529,534 | +€14,932 | +2.9% |
| Intangible fixed assets | 21 | €217,458 | €185,016 | -€32,442 | -14.9% |
| Tangible fixed assets | 22/27 | €172,134 | €219,508 | +€47,373 | +27.5% |
| Plant, machinery and equipment | 23 | €85,170 | €57,176 | -€27,994 | -32.9% |
| Furniture and vehicles | 24 | €42,821 | €122,529 | +€79,708 | +186% |
| Other tangible fixed assets | 26 | €44,143 | €39,802 | -€4,341 | -9.8% |
| Financial fixed assets | 28 | €125,010 | €125,010 | = | 0.0% |
| Current assets | 29/58 | €754,763 | €691,614 | -€63,149 | -8.4% |
| Amounts receivable within one year | 40/41 | €446,718 | €472,704 | +€25,986 | +5.8% |
| Trade receivables | 40 | €388,330 | €455,679 | +€67,349 | +17.3% |
| Other amounts receivable | 41 | €58,389 | €17,026 | -€41,363 | -70.8% |
| Cash at bank and in hand | 54/58 | €248,747 | €188,748 | -€59,999 | -24.1% |
| Deferred charges and accrued income | 490/1 | €59,297 | €30,161 | -€29,136 | -49.1% |
| Total equity and liabilities | 10/49 | €1,269,365 | €1,221,148 | -€48,217 | -3.8% |
| Equity | 10/15 | €360,960 | €452,497 | +€91,537 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,360 | €433,897 | +€91,537 | +26.7% |
| Distributable reserves | 133 | €342,360 | €433,897 | +€91,537 | +26.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €908,405 | €768,651 | -€139,754 | -15.4% |
| Amounts payable after more than one year | 17 | €241,220 | €212,421 | -€28,799 | -11.9% |
| Financial debts | 170/4 | €241,220 | €212,421 | -€28,799 | -11.9% |
| Amounts payable within one year | 42/48 | €652,175 | €545,342 | -€106,833 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €122,348 | €113,355 | -€8,993 | -7.4% |
| Financial debts | 43 | €70,000 | €0 | -€70,000 | -100% |
| Credit institutions | 430/8 | €70,000 | €0 | -€70,000 | -100% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €189,550 | €120,541 | -€69,010 | -36.4% |
| Suppliers | 440/4 | €189,550 | €120,541 | -€69,010 | -36.4% |
| Taxes, remuneration and social security | 45 | €209,191 | €239,052 | +€29,861 | +14.3% |
| Taxes | 450/3 | €54,466 | €101,257 | +€46,792 | +85.9% |
| Remuneration and social security | 454/9 | €154,725 | €137,795 | -€16,930 | -10.9% |
| Other amounts payable | 47/48 | €61,086 | €72,394 | +€11,308 | +18.5% |
| Accrued charges and deferred income | 492/3 | €15,010 | €10,888 | -€4,122 | -27.5% |
| Non-recurring operating income | 76A | €26,589 | €6,335 | -€20,254 | -76.2% |
| Remuneration, social security and pensions | 62 | €936,731 | €833,806 | -€102,925 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,916 | €94,721 | +€8,805 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,568 | €6,328 | -€1,240 | -16.4% |
| Non-recurring operating charges | 66A | €23,716 | €0 | -€23,716 | -100% |
| Gross operating margin | 9900 | €994,327 | €1,110,779 | +€116,452 | +11.7% |
| Operating profit (loss) | 9901 | -€59,604 | €175,924 | +€235,528 | |
| Financial income | 75/76B | €1,727 | €1,714 | -€13 | -0.8% |
| Recurring financial income | 75 | €1,727 | €1,714 | -€13 | -0.8% |
| Financial charges | 65/66B | €32,185 | €30,893 | -€1,292 | -4.0% |
| Recurring financial charges | 65 | €32,185 | €30,893 | -€1,292 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€90,062 | €146,745 | +€236,808 | |
| Income taxes | 67/77 | €1,612 | €45,508 | +€43,896 | +2,722% |
| Profit (loss) for the period | 9904 | -€91,675 | €101,237 | +€192,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€91,675 | €101,237 | +€192,912 |
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 13 October 2026 via checked.be.