QdH: 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.
QdH
Largest movements
- Receivables within one year -€77,800
down €77,800 (-51.9%), from €149,987 to €72,187
of which Trade receivables: -€77,800
- Tangible fixed assets -€4,568
down €4,568 (-2.7%), from €171,116 to €166,548
of which Land and buildings: -€3,333
- Cash +€4,049
new in 2023: €4,049
mainly Receivables within one year (+€77,800) and Net result for the year (+€14,291)
- Other debts -€49,500
down €49,500 (-52.5%), from €94,356 to €44,856
- Tax, wage and social debts -€23,449
down €23,449 (-32.0%), from €73,211 to €49,763
- Current portion of long-term debt -€15,451
down €15,451 (-84.5%), from €18,285 to €2,834
- Profit (loss) carried forward +€14,291
up €14,291 (+13.6%), from €105,410 to €119,700
- Gross operating margin -€13,836
down €13,836 (-29.6%), from €46,759 to €32,922
- Other operating charges +€6,297
up €6,297 (+1,289%), from €488 to €6,786
- Taxes -€5,693
down €5,693 (-46.7%), from €12,181 to €6,488
- Depreciation +€733
up €733 (+19.1%), from €3,835 to €4,568
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,689 | €249,419 | -€78,270 | -23.9% |
| Fixed assets | 21/28 | €171,116 | €166,548 | -€4,568 | -2.7% |
| Tangible fixed assets | 22/27 | €171,116 | €166,548 | -€4,568 | -2.7% |
| Land and buildings | 22 | €167,607 | €164,274 | -€3,333 | -2.0% |
| Plant, machinery and equipment | 23 | €3,225 | €1,990 | -€1,235 | -38.3% |
| Furniture and vehicles | 24 | €283 | €283 | = | 0.0% |
| Current assets | 29/58 | €156,573 | €82,872 | -€73,702 | -47.1% |
| Stocks and contracts in progress | 3 | €6,586 | €6,586 | = | 0.0% |
| Stocks | 30/36 | €6,586 | €6,586 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,987 | €72,187 | -€77,800 | -51.9% |
| Trade receivables | 40 | €148,537 | €70,737 | -€77,800 | -52.4% |
| Other amounts receivable | 41 | €1,450 | €1,450 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €4,049 | +€4,049 | |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €327,689 | €249,419 | -€78,270 | -23.9% |
| Equity | 10/15 | €131,260 | €145,551 | +€14,291 | +10.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €7,301 | €7,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €5,446 | €5,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,410 | €119,700 | +€14,291 | +13.6% |
| Amounts payable | 17/49 | €196,429 | €103,869 | -€92,561 | -47.1% |
| Amounts payable after more than one year | 17 | €2,834 | - | -€2,834 | |
| Financial debts | 170/4 | €2,834 | - | -€2,834 | |
| Amounts payable within one year | 42/48 | €193,595 | €103,869 | -€89,726 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €18,285 | €2,834 | -€15,451 | -84.5% |
| Financial debts | 43 | €45 | - | -€45 | |
| Credit institutions | 430/8 | €45 | - | -€45 | |
| Trade debts | 44 | €7,698 | €6,416 | -€1,282 | -16.6% |
| Suppliers | 440/4 | €7,698 | €6,416 | -€1,282 | -16.6% |
| Taxes, remuneration and social security | 45 | €73,211 | €49,763 | -€23,449 | -32.0% |
| Taxes | 450/3 | €73,211 | €49,763 | -€23,449 | -32.0% |
| Other amounts payable | 47/48 | €94,356 | €44,856 | -€49,500 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,835 | €4,568 | +€733 | +19.1% |
| Other operating charges | 640/8 | €488 | €6,786 | +€6,297 | +1,289% |
| Gross operating margin | 9900 | €46,759 | €32,922 | -€13,836 | -29.6% |
| Operating profit (loss) | 9901 | €42,435 | €21,568 | -€20,867 | -49.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €889 | €790 | -€100 | -11.2% |
| Recurring financial charges | 65 | €889 | €790 | -€100 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €41,545 | €20,778 | -€20,767 | -50.0% |
| Income taxes | 67/77 | €12,181 | €6,488 | -€5,693 | -46.7% |
| Profit (loss) for the period | 9904 | €29,364 | €14,291 | -€15,074 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,364 | €14,291 | -€15,074 | -51.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.