QingDao: 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.
QingDao
Largest movements
- Cash +€17,770
up €17,770 (+141.9%), from €12,521 to €30,291
mainly Net result for the year (+€30,575) and Depreciation (+€1,102)
- Tangible fixed assets +€6,652
new in 2024: €6,652
- Profit (loss) carried forward +€30,575
up €30,575 (+1383.9%), from €2,209 to €32,785
- Trade debts -€3,877
down €3,877 (-96.5%), from €4,018 to €141
- Tax, wage and social debts -€1,426
down €1,426 (-44.1%), from €3,238 to €1,812
- Other debts -€565
down €565 (-17.1%), from €3,297 to €2,732
- Gross operating margin +€30,463
up €30,463 (+1309.6%), from €2,326 to €32,789
- Depreciation +€1,102
new in 2024: €1,102
- Taxes +€524
new in 2024: €524
- Other operating charges +€516
new in 2024: €516
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 | €12,762 | €37,469 | +€24,707 | +193.6% |
| Fixed assets | 21/28 | - | €6,652 | +€6,652 | |
| Tangible fixed assets | 22/27 | - | €6,652 | +€6,652 | |
| Plant, machinery and equipment | 23 | - | €6,652 | +€6,652 | |
| Current assets | 29/58 | €12,762 | €30,817 | +€18,055 | +141.5% |
| Amounts receivable within one year | 40/41 | €241 | €526 | +€285 | +118.1% |
| Other amounts receivable | 41 | €241 | €526 | +€285 | +118.1% |
| Cash at bank and in hand | 54/58 | €12,521 | €30,291 | +€17,770 | +141.9% |
| Total equity and liabilities | 10/49 | €12,762 | €37,469 | +€24,707 | +193.6% |
| Equity | 10/15 | €2,209 | €32,785 | +€30,575 | +1383.9% |
| Profit (loss) carried forward | 14 | €2,209 | €32,785 | +€30,575 | +1383.9% |
| Amounts payable | 17/49 | €10,553 | €4,684 | -€5,869 | -55.6% |
| Amounts payable within one year | 42/48 | €10,553 | €4,684 | -€5,869 | -55.6% |
| Trade debts | 44 | €4,018 | €141 | -€3,877 | -96.5% |
| Suppliers | 440/4 | €4,018 | €141 | -€3,877 | -96.5% |
| Taxes, remuneration and social security | 45 | €3,238 | €1,812 | -€1,426 | -44.1% |
| Taxes | 450/3 | €3,238 | €1,812 | -€1,426 | -44.1% |
| Other amounts payable | 47/48 | €3,297 | €2,732 | -€565 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,102 | +€1,102 | |
| Other operating charges | 640/8 | - | €516 | +€516 | |
| Gross operating margin | 9900 | €2,326 | €32,789 | +€30,463 | +1309.6% |
| Operating profit (loss) | 9901 | €2,326 | €31,171 | +€28,845 | +1240.0% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €117 | €88 | -€29 | -24.7% |
| Recurring financial charges | 65 | €117 | €88 | -€29 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €2,209 | €31,100 | +€28,890 | +1307.7% |
| Income taxes | 67/77 | - | €524 | +€524 | |
| Profit (loss) for the period | 9904 | €2,209 | €30,575 | +€28,366 | +1283.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,209 | €30,575 | +€28,366 | +1283.9% |
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 2 October 2026 via checked.be.