QBOX: what changed
Two fiscal 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.
QBOX
Largest movements
- Cash -€95,301
down €95,301 (-74.3%), from €128,301 to €33,001
mainly Other debts (-€350,913) and Debts after one year (-€232,111)
- Reserves +€481,312
up €481,312 (+35.3%), from €1.4m to €1.8m
of which Distributable reserves: +€249,762
- Other debts -€350,913
down €350,913 (-24.2%), from €1.4m to €1.1m
- Debts after one year -€232,111
down €232,111 (-13.6%), from €1.7m to €1.5m
- Gross operating margin +€89,385
up €89,385 (+14.1%), from €635,034 to €724,418
- Taxes +€19,543
up €19,543 (+14.4%), from €135,626 to €155,170
- Financial charges +€14,903
up €14,903 (+36.0%), from €41,451 to €56,354
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 | €4,824,121 | €4,740,529 | -€83,592 | -1.7% |
| Fixed assets | 21/28 | €4,572,456 | €4,562,668 | -€9,788 | -0.2% |
| Tangible fixed assets | 22/27 | €31,114 | €21,326 | -€9,788 | -31.5% |
| Plant, machinery and equipment | 23 | €1,664 | €1,163 | -€501 | -30.1% |
| Furniture and vehicles | 24 | €3,460 | €1,884 | -€1,575 | -45.5% |
| Other tangible fixed assets | 26 | €25,991 | €18,279 | -€7,712 | -29.7% |
| Financial fixed assets | 28 | €4,541,342 | €4,541,342 | = | 0.0% |
| Current assets | 29/58 | €251,664 | €177,861 | -€73,803 | -29.3% |
| Amounts receivable within one year | 40/41 | €116,684 | €139,468 | +€22,784 | +19.5% |
| Trade receivables | 40 | €79,860 | €39,930 | -€39,930 | -50.0% |
| Other amounts receivable | 41 | €36,824 | €99,538 | +€62,714 | +170.3% |
| Cash at bank and in hand | 54/58 | €128,301 | €33,001 | -€95,301 | -74.3% |
| Deferred charges and accrued income | 490/1 | €6,679 | €5,392 | -€1,287 | -19.3% |
| Total equity and liabilities | 10/49 | €4,824,121 | €4,740,529 | -€83,592 | -1.7% |
| Equity | 10/15 | €1,380,259 | €1,861,571 | +€481,312 | +34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,361,659 | €1,842,971 | +€481,312 | +35.3% |
| Tax-exempt reserves | 132 | €210,500 | €442,050 | +€231,550 | +110.0% |
| Distributable reserves | 133 | €1,151,159 | €1,400,921 | +€249,762 | +21.7% |
| Amounts payable | 17/49 | €3,443,862 | €2,878,958 | -€564,904 | -16.4% |
| Amounts payable after more than one year | 17 | €1,700,620 | €1,468,509 | -€232,111 | -13.6% |
| Financial debts | 170/4 | €1,700,620 | €1,468,509 | -€232,111 | -13.6% |
| Amounts payable within one year | 42/48 | €1,720,681 | €1,382,864 | -€337,817 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €232,111 | €232,111 | = | 0.0% |
| Trade debts | 44 | €10,180 | €7,000 | -€3,180 | -31.2% |
| Suppliers | 440/4 | €10,180 | €7,000 | -€3,180 | -31.2% |
| Taxes, remuneration and social security | 45 | €30,031 | €46,307 | +€16,276 | +54.2% |
| Taxes | 450/3 | €24,809 | €43,231 | +€18,422 | +74.3% |
| Remuneration and social security | 454/9 | €5,221 | €3,076 | -€2,146 | -41.1% |
| Other amounts payable | 47/48 | €1,448,359 | €1,097,446 | -€350,913 | -24.2% |
| Accrued charges and deferred income | 492/3 | €22,561 | €27,585 | +€5,024 | +22.3% |
| Remuneration, social security and pensions | 62 | €20,830 | €21,272 | +€442 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,225 | €9,788 | +€564 | +6.1% |
| Other operating charges | 640/8 | €4,547 | €4,826 | +€279 | +6.1% |
| Gross operating margin | 9900 | €635,034 | €724,418 | +€89,385 | +14.1% |
| Operating profit (loss) | 9901 | €600,432 | €688,531 | +€88,100 | +14.7% |
| Financial income | 75/76B | €2,483 | €4,305 | +€1,822 | +73.4% |
| Recurring financial income | 75 | €2,483 | €4,305 | +€1,822 | +73.4% |
| Financial charges | 65/66B | €41,451 | €56,354 | +€14,903 | +36.0% |
| Recurring financial charges | 65 | €41,451 | €56,354 | +€14,903 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €561,464 | €636,482 | +€75,018 | +13.4% |
| Income taxes | 67/77 | €135,626 | €155,170 | +€19,543 | +14.4% |
| Profit (loss) for the period | 9904 | €425,837 | €481,312 | +€55,475 | +13.0% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €231,550 | +€21,050 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €215,337 | €249,762 | +€34,425 | +16.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.