QUARANTE NEUF: 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.
QUARANTE NEUF
Largest movements
- Tangible fixed assets -€48,661
down €48,661 (-96.9%), from €50,218 to €1,558
- Deferred charges and accrued income -€47,547
no longer reported in 2024 (was €47,547)
- Receivables within one year -€26,653
down €26,653 (-15.5%), from €171,963 to €145,310
of which Other amounts receivable: -€19,400
- Cash +€12,572
up €12,572 (+1,410%), from €892 to €13,463
mainly Investment in fixed assets (net) (+€47,832) and Deferred charges and accrued income (+€47,547)
- Current investments -€8,148
down €8,148 (-77.1%), from €10,571 to €2,423
- Profit (loss) carried forward -€69,010
down €69,010 (-61.6%), from -€111,979 to -€180,989
- Tax, wage and social debts -€17,812
down €17,812 (-37.0%), from €48,095 to €30,283
- Current portion of long-term debt -€15,928
down €15,928 (-79.2%), from €20,098 to €4,171
- Trade debts -€13,394
down €13,394 (-25.7%), from €52,093 to €38,699
- Debts after one year -€4,510
down €4,510 (-92.7%), from €4,866 to €356
- Depreciation -€30,369
down €30,369 (-97.3%), from €31,198 to €829
- Gross operating margin +€14,779
up €14,779 (+20.6%), from -€71,607 to -€56,828
- Financial income -€1,783
down €1,783 (-99.9%), from €1,785 to €2
- Financial charges +€1,283
up €1,283 (+46.4%), from €2,766 to €4,050
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 | €281,445 | €163,009 | -€118,436 | -42.1% |
| Fixed assets | 21/28 | €50,473 | €1,812 | -€48,661 | -96.4% |
| Tangible fixed assets | 22/27 | €50,218 | €1,558 | -€48,661 | -96.9% |
| Furniture and vehicles | 24 | €50,218 | €1,558 | -€48,661 | -96.9% |
| Financial fixed assets | 28 | €254 | €254 | = | 0.0% |
| Current assets | 29/58 | €230,972 | €161,197 | -€69,776 | -30.2% |
| Amounts receivable within one year | 40/41 | €171,963 | €145,310 | -€26,653 | -15.5% |
| Trade receivables | 40 | €30,558 | €23,306 | -€7,252 | -23.7% |
| Other amounts receivable | 41 | €141,405 | €122,004 | -€19,400 | -13.7% |
| Current investments | 50/53 | €10,571 | €2,423 | -€8,148 | -77.1% |
| Cash at bank and in hand | 54/58 | €892 | €13,463 | +€12,572 | +1,410% |
| Deferred charges and accrued income | 490/1 | €47,547 | - | -€47,547 | |
| Total equity and liabilities | 10/49 | €281,445 | €163,009 | -€118,436 | -42.1% |
| Equity | 10/15 | €146,293 | €77,284 | -€69,010 | -47.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €252,073 | €252,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Distributable reserves | 133 | €251,923 | €251,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,979 | -€180,989 | -€69,010 | -61.6% |
| Amounts payable | 17/49 | €135,152 | €85,725 | -€49,427 | -36.6% |
| Amounts payable after more than one year | 17 | €4,866 | €356 | -€4,510 | -92.7% |
| Financial debts | 170/4 | €4,866 | €356 | -€4,510 | -92.7% |
| Amounts payable within one year | 42/48 | €130,286 | €85,369 | -€44,917 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €20,098 | €4,171 | -€15,928 | -79.2% |
| Financial debts | 43 | - | €2,217 | +€2,217 | |
| Credit institutions | 430/8 | - | €2,217 | +€2,217 | |
| Trade debts | 44 | €52,093 | €38,699 | -€13,394 | -25.7% |
| Suppliers | 440/4 | €52,093 | €38,699 | -€13,394 | -25.7% |
| Taxes, remuneration and social security | 45 | €48,095 | €30,283 | -€17,812 | -37.0% |
| Taxes | 450/3 | €48,095 | €30,283 | -€17,812 | -37.0% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,198 | €829 | -€30,369 | -97.3% |
| Other operating charges | 640/8 | €6,349 | €6,089 | -€260 | -4.1% |
| Gross operating margin | 9900 | -€71,607 | -€56,828 | +€14,779 | +20.6% |
| Operating profit (loss) | 9901 | -€109,153 | -€63,746 | +€45,408 | +41.6% |
| Financial income | 75/76B | €1,785 | €2 | -€1,783 | -99.9% |
| Recurring financial income | 75 | €1,785 | €2 | -€1,783 | -99.9% |
| Financial charges | 65/66B | €2,766 | €4,050 | +€1,283 | +46.4% |
| Recurring financial charges | 65 | €2,766 | €4,050 | +€1,283 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | -€110,135 | -€67,794 | +€42,341 | +38.4% |
| Income taxes | 67/77 | €1,844 | €1,216 | -€628 | -34.1% |
| Profit (loss) for the period | 9904 | -€111,979 | -€69,010 | +€42,970 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€111,979 | -€69,010 | +€42,970 | +38.4% |
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 20 October 2026 via checked.be.