QUAI WEST: 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.
QUAI WEST
Largest movements
- Receivables within one year +€35,770
up €35,770 (+259%), from €13,818 to €49,588
of which Trade receivables: +€35,731
- Tangible fixed assets -€15,608
down €15,608 (-22.5%), from €69,394 to €53,786
of which Leasing and similar rights: -€13,410
- Cash +€3,251
up €3,251 (+72.2%), from €4,503 to €7,754
mainly Net result for the year (+€61,291) and Depreciation (+€17,908)
- Deferred charges and accrued income -€1,408
down €1,408 (-38.3%), from €3,681 to €2,272
- Profit (loss) carried forward +€61,291
up €61,291 (+78.7%), from -€77,887 to -€16,596
- Debts after one year -€12,541
down €12,541 (-24.6%), from €51,037 to €38,496
- Current portion of long-term debt -€11,995
down €11,995 (-48.5%), from €24,749 to €12,754
- Short-term financial debts -€4,986
down €4,986 (-100%), from €4,986 to €0
- Other debts -€4,379
down €4,379 (-88.7%), from €4,936 to €557
- Gross operating margin +€128,537
up €128,537, from -€35,569 to €92,968
- Depreciation -€7,095
down €7,095 (-28.4%), from €25,002 to €17,908
- Other operating charges +€5,065
up €5,065 (+143%), from €3,535 to €8,600
- Financial charges +€1,929
up €1,929 (+74.7%), from €2,582 to €4,511
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 | €94,697 | €116,703 | +€22,006 | +23.2% |
| Fixed assets | 21/28 | €72,696 | €57,088 | -€15,608 | -21.5% |
| Tangible fixed assets | 22/27 | €69,394 | €53,786 | -€15,608 | -22.5% |
| Land and buildings | 22 | €2,290 | €0 | -€2,290 | -100% |
| Plant, machinery and equipment | 23 | €707 | €353 | -€353 | -50.0% |
| Furniture and vehicles | 24 | €3,682 | €4,128 | +€446 | +12.1% |
| Leasing and similar rights | 25 | €62,715 | €49,305 | -€13,410 | -21.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €3,302 | €3,302 | = | 0.0% |
| Current assets | 29/58 | €22,001 | €59,614 | +€37,613 | +171% |
| Amounts receivable within one year | 40/41 | €13,818 | €49,588 | +€35,770 | +259% |
| Trade receivables | 40 | €13,793 | €49,524 | +€35,731 | +259% |
| Other amounts receivable | 41 | €25 | €64 | +€39 | +156% |
| Cash at bank and in hand | 54/58 | €4,503 | €7,754 | +€3,251 | +72.2% |
| Deferred charges and accrued income | 490/1 | €3,681 | €2,272 | -€1,408 | -38.3% |
| Total equity and liabilities | 10/49 | €94,697 | €116,703 | +€22,006 | +23.2% |
| Equity | 10/15 | -€17,937 | €43,354 | +€61,291 | |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €24,950 | €24,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,887 | -€16,596 | +€61,291 | +78.7% |
| Amounts payable | 17/49 | €112,633 | €73,349 | -€39,285 | -34.9% |
| Amounts payable after more than one year | 17 | €51,037 | €38,496 | -€12,541 | -24.6% |
| Financial debts | 170/4 | €51,037 | €38,496 | -€12,541 | -24.6% |
| Amounts payable within one year | 42/48 | €59,797 | €33,053 | -€26,743 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €24,749 | €12,754 | -€11,995 | -48.5% |
| Financial debts | 43 | €4,986 | €0 | -€4,986 | -100% |
| Credit institutions | 430/8 | €4,986 | €0 | -€4,986 | -100% |
| Trade debts | 44 | €17,885 | €14,732 | -€3,153 | -17.6% |
| Suppliers | 440/4 | €17,885 | €14,732 | -€3,153 | -17.6% |
| Taxes, remuneration and social security | 45 | €7,240 | €5,010 | -€2,230 | -30.8% |
| Taxes | 450/3 | €7,240 | €1,645 | -€5,595 | -77.3% |
| Remuneration and social security | 454/9 | €0 | €3,365 | +€3,365 | |
| Other amounts payable | 47/48 | €4,936 | €557 | -€4,379 | -88.7% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,002 | €17,908 | -€7,095 | -28.4% |
| Other operating charges | 640/8 | €3,535 | €8,600 | +€5,065 | +143% |
| Gross operating margin | 9900 | -€35,569 | €92,968 | +€128,537 | |
| Operating profit (loss) | 9901 | -€64,107 | €66,460 | +€130,567 | |
| Financial income | 75/76B | €21 | €31 | +€10 | +47.5% |
| Recurring financial income | 75 | €21 | €31 | +€10 | +47.5% |
| Financial charges | 65/66B | €2,582 | €4,511 | +€1,929 | +74.7% |
| Recurring financial charges | 65 | €2,582 | €4,511 | +€1,929 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | -€66,668 | €61,980 | +€128,648 | |
| Income taxes | 67/77 | €741 | €689 | -€52 | -7.0% |
| Profit (loss) for the period | 9904 | -€67,409 | €61,291 | +€128,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,409 | €61,291 | +€128,700 |
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 28 October 2026 via checked.be.