QUACH: 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.
QUACH
Largest movements
- Tangible fixed assets +€113,315
up €113,315 (+250.6%), from €45,221 to €158,536
of which Land and buildings: +€123,314
- Receivables within one year +€13,855
up €13,855 (+14.3%), from €97,016 to €110,870
of which Other amounts receivable: +€7,218
- Stocks and contracts +€7,165
up €7,165 (+395.9%), from €1,810 to €8,975
- Cash +€3,457
up €3,457 (+11.7%), from €29,612 to €33,069
mainly Trade debts (+€88,325) and Debts after one year (+€68,438)
- Trade debts +€88,325
up €88,325 (+209.2%), from €42,218 to €130,543
- Debts after one year +€68,438
up €68,438 (+452.7%), from €15,118 to €83,556
- Tax, wage and social debts -€21,952
down €21,952 (-72.6%), from €30,244 to €8,293
of which Taxes: -€22,873
- Turnover +€225,976
new in 2024: €225,976
- Purchases and services +€198,275
new in 2024: €198,275
- Gross operating margin -€33,374
down €33,374 (-54.0%), from €61,791 to €28,417
- Taxes -€5,287
down €5,287 (-92.2%), from €5,731 to €444
- Financial charges -€4,986
down €4,986 (-45.1%), from €11,043 to €6,057
of which Financial charges: -€7,550
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 | €177,334 | €315,125 | +€137,792 | +77.7% |
| Fixed assets | 21/28 | €48,896 | €162,211 | +€113,315 | +231.7% |
| Tangible fixed assets | 22/27 | €45,221 | €158,536 | +€113,315 | +250.6% |
| Land and buildings | 22 | - | €123,314 | +€123,314 | |
| Plant, machinery and equipment | 23 | €3,851 | €2,304 | -€1,547 | -40.2% |
| Furniture and vehicles | 24 | €41,371 | €32,918 | -€8,453 | -20.4% |
| Financial fixed assets | 28 | €3,675 | €3,675 | = | 0.0% |
| Current assets | 29/58 | €128,437 | €152,914 | +€24,477 | +19.1% |
| Stocks and contracts in progress | 3 | €1,810 | €8,975 | +€7,165 | +395.9% |
| Stocks | 30/36 | €1,810 | €8,975 | +€7,165 | +395.9% |
| Amounts receivable within one year | 40/41 | €97,016 | €110,870 | +€13,855 | +14.3% |
| Trade receivables | 40 | €70,651 | €77,287 | +€6,636 | +9.4% |
| Other amounts receivable | 41 | €26,365 | €33,583 | +€7,218 | +27.4% |
| Cash at bank and in hand | 54/58 | €29,612 | €33,069 | +€3,457 | +11.7% |
| Total equity and liabilities | 10/49 | €177,334 | €315,125 | +€137,792 | +77.7% |
| Equity | 10/15 | €83,444 | €86,176 | +€2,732 | +3.3% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €6,120 | €7,980 | +€1,860 | +30.4% |
| Non-distributable reserves | 130/1 | €6,120 | €7,980 | +€1,860 | +30.4% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Financial assistance | 1313 | €6,120 | €6,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,265 | €71,997 | +€2,732 | +3.9% |
| Amounts payable | 17/49 | €93,889 | €228,949 | +€135,060 | +143.9% |
| Amounts payable after more than one year | 17 | €15,118 | €83,556 | +€68,438 | +452.7% |
| Financial debts | 170/4 | €15,118 | €83,556 | +€68,438 | +452.7% |
| Amounts payable within one year | 42/48 | €78,771 | €145,393 | +€66,622 | +84.6% |
| Current portion of amounts payable after more than one year | 42 | €6,308 | €6,557 | +€249 | +3.9% |
| Trade debts | 44 | €42,218 | €130,543 | +€88,325 | +209.2% |
| Suppliers | 440/4 | €42,218 | €130,543 | +€88,325 | +209.2% |
| Taxes, remuneration and social security | 45 | €30,244 | €8,293 | -€21,952 | -72.6% |
| Taxes | 450/3 | €30,244 | €7,371 | -€22,873 | -75.6% |
| Remuneration and social security | 454/9 | - | €921 | +€921 | |
| Other amounts payable | 47/48 | €0 | - | -€0 | |
| Turnover | 70 | - | €225,976 | +€225,976 | |
| Non-recurring operating income | 76A | €4,566 | €716 | -€3,850 | -84.3% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €198,275 | +€198,275 | |
| Remuneration, social security and pensions | 62 | - | €1,526 | +€1,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,252 | €12,028 | +€3,777 | +45.8% |
| Other operating charges | 640/8 | €8,769 | €7,588 | -€1,181 | -13.5% |
| Gross operating margin | 9900 | €61,791 | €28,417 | -€33,374 | -54.0% |
| Operating profit (loss) | 9901 | €44,770 | €7,275 | -€37,495 | -83.8% |
| Financial income | 75/76B | €11 | €1,958 | +€1,947 | +17259.2% |
| Recurring financial income | 75 | €11 | €1,958 | +€1,947 | +17259.2% |
| Financial charges | 65/66B | €11,043 | €6,057 | -€4,986 | -45.1% |
| Recurring financial charges | 65 | €11,043 | €3,493 | -€7,550 | -68.4% |
| Non-recurring financial charges | 66B | - | €2,564 | +€2,564 | |
| Profit (loss) for the period before taxes | 9903 | €33,738 | €3,176 | -€30,562 | -90.6% |
| Income taxes | 67/77 | €5,731 | €444 | -€5,287 | -92.2% |
| Profit (loss) for the period | 9904 | €28,007 | €2,732 | -€25,276 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,007 | €2,732 | -€25,276 | -90.2% |
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 9 October 2026 via checked.be.