QUAX: 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.
What changed
QUAX
NACE 47.554, Retail trade
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€796,637
2023 · €1.4m-€607,087
Equity
€3.8m
2023 · €3.8m+€17,846
Cash
€94,558
2023 · €398,436-€303,878
Balance sheet total
€7.2m
2023 · €6.5m+€683,523
Largest movements
Assets
- Receivables within one year +€605,672
up €605,672 (+20.5%), from €2.9m to €3.6m
of which Trade receivables: +€496,867
- Cash -€303,878
down €303,878 (-76.3%), from €398,436 to €94,558
mainly Contributions, distributions and other (-€778,791) and Receivables within one year (-€605,672)
- Tangible fixed assets +€233,047
up €233,047 (+18.1%), from €1.3m to €1.5m
of which Other tangible fixed assets: +€329,998
- Stocks and contracts +€96,476
up €96,476 (+5.3%), from €1.8m to €1.9m
Equity and liabilities
- Other debts +€654,146
up €654,146 (+48.9%), from €1.3m to €2.0m
- Trade debts +€267,722
up €267,722 (+60.6%), from €441,966 to €709,688
- Debts after one year -€153,679
down €153,679 (-29.5%), from €521,271 to €367,593
- Current portion of long-term debt -€123,459
down €123,459 (-44.5%), from €277,178 to €153,719
Income statement
- Turnover -€10.5m
no longer reported in 2024 (was €10.5m)
- Goods and materials -€5.6m
no longer reported in 2024 (was €5.6m)
of which Purchases: -€4.9m
- Services and other goods -€2.6m
no longer reported in 2024 (was €2.6m)
- Gross operating margin +€2.3m
new in 2024: €2.3m
- Taxes -€272,849
down €272,849 (-50.0%), from €545,636 to €272,787
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.
Result 2023
€1.4m
Turnover
-€10.5m
Other operating income
-€75,151
Goods and materials
+€5.6m
Services and other goods
+€2.6m
Staff costs
-€44,525
Depreciation
-€9,782
Write-downs
+€8,731
Other operating charges
+€26,710
Other operating items
+€1.5m
Financial income
-€2,848
Financial charges
-€58,862
Taxes
+€272,849
Result 2024
€796,637
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.
From operations
+€1.1m
Investment
-€363,052
Financing
-€1.1m
Cash 2023
€398,436
From operations (derived)
+€1.1m
Net result for the year
+€796,637
Depreciation
+€130,005
Stocks and contracts
-€96,476
Receivables within one year
-€605,672
Deferred charges and accrued income
-€52,206
Trade debts
+€267,722
Tax, wage and social debts
+€17,777
Other debts
+€654,146
Accrued charges and deferred income
+€3,170
Investment (derived)
-€363,052
Investment in fixed assets (net)
-€363,052
Financing
-€1.1m
Debts after one year
-€153,679
Current portion of long-term debt
-€123,459
Contributions, distributions and other
-€778,791
Cash 2024
€94,558
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,541,888 | €7,225,412 | +€683,523 | +10.4% |
| Fixed assets | 21/28 | €1,318,741 | €1,551,788 | +€233,047 | +17.7% |
| Intangible fixed assets | 21 | €1,443 | €1,443 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,287,298 | €1,520,345 | +€233,047 | +18.1% |
| Land and buildings | 22 | €996,212 | €955,061 | -€41,151 | -4.1% |
| Plant, machinery and equipment | 23 | €27,719 | €19,209 | -€8,510 | -30.7% |
| Furniture and vehicles | 24 | €230,486 | €183,195 | -€47,291 | -20.5% |
| Other tangible fixed assets | 26 | €32,881 | €362,879 | +€329,998 | +1003.6% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €30,000 | - | -€30,000 | |
| Amounts receivable and cash guarantees | 285/8 | €30,000 | - | -€30,000 | |
| Current assets | 29/58 | €5,223,148 | €5,673,624 | +€450,476 | +8.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,834,876 | €1,931,353 | +€96,476 | +5.3% |
| Stocks | 30/36 | €1,834,876 | €1,931,353 | +€96,476 | +5.3% |
| Work in progress | 32 | €47,236 | - | -€47,236 | |
| Goods purchased for resale | 34 | €1,579,463 | - | -€1.6m | |
| Advance payments | 36 | €208,177 | - | -€208,177 | |
| Amounts receivable within one year | 40/41 | €2,948,406 | €3,554,078 | +€605,672 | +20.5% |
| Trade receivables | 40 | €894,890 | €1,391,757 | +€496,867 | +55.5% |
| Other amounts receivable | 41 | €2,053,516 | €2,162,321 | +€108,805 | +5.3% |
| Cash at bank and in hand | 54/58 | €398,436 | €94,558 | -€303,878 | -76.3% |
| Deferred charges and accrued income | 490/1 | €11,429 | €63,635 | +€52,206 | +456.8% |
| Total equity and liabilities | 10/49 | €6,541,888 | €7,225,412 | +€683,523 | +10.4% |
| Equity | 10/15 | €3,814,641 | €3,832,487 | +€17,846 | +0.5% |
| Contributions | 10/11 | €187,605 | €187,605 | = | 0.0% |
| Capital | 10 | €187,605 | €187,605 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €107,300 | €107,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €107,300 | €107,300 | = | 0.0% |
| Legal reserve | 130 | €107,300 | €107,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,519,736 | €3,537,581 | +€17,846 | +0.5% |
| Amounts payable | 17/49 | €2,727,247 | €3,392,925 | +€665,678 | +24.4% |
| Amounts payable after more than one year | 17 | €521,271 | €367,593 | -€153,679 | -29.5% |
| Financial debts | 170/4 | €521,271 | €367,593 | -€153,679 | -29.5% |
| Credit institutions | 173 | €521,271 | - | -€521,271 | |
| Amounts payable within one year | 42/48 | €2,178,533 | €2,994,720 | +€816,186 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €277,178 | €153,719 | -€123,459 | -44.5% |
| Trade debts | 44 | €441,966 | €709,688 | +€267,722 | +60.6% |
| Suppliers | 440/4 | €441,966 | €709,688 | +€267,722 | +60.6% |
| Taxes, remuneration and social security | 45 | €122,696 | €140,474 | +€17,777 | +14.5% |
| Taxes | 450/3 | €42,880 | €66,620 | +€23,741 | +55.4% |
| Remuneration and social security | 454/9 | €79,817 | €73,853 | -€5,963 | -7.5% |
| Other amounts payable | 47/48 | €1,336,693 | €1,990,840 | +€654,146 | +48.9% |
| Accrued charges and deferred income | 492/3 | €27,443 | €30,613 | +€3,170 | +11.6% |
| Operating income | 70/76A | €11,395,009 | - | -€11.4m | |
| Turnover | 70 | €10,462,762 | - | -€10.5m | |
| Other operating income | 74 | €75,151 | - | -€75,151 | |
| Non-recurring operating income | 76A | €857,097 | €2,000 | -€855,097 | -99.8% |
| Operating charges | 60/66A | €9,214,924 | - | -€9.2m | |
| Goods for resale, raw materials and consumables | 60 | €5,632,948 | - | -€5.6m | |
| Purchases | 600/8 | €4,856,847 | - | -€4.9m | |
| Change in stocks: decrease (increase) | 609 | €776,101 | - | -€776,101 | |
| Services and other goods | 61 | €2,596,818 | - | -€2.6m | |
| Remuneration, social security and pensions | 62 | €740,085 | €784,609 | +€44,525 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,223 | €130,005 | +€9,782 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,116 | €1,385 | -€8,731 | -86.3% |
| Other operating charges | 640/8 | €60,494 | €33,784 | -€26,710 | -44.2% |
| Non-recurring operating charges | 66A | €54,240 | - | -€54,240 | |
| Gross operating margin | 9900 | - | €2,311,642 | +€2.3m | |
| Operating profit (loss) | 9901 | €2,180,085 | €1,361,859 | -€818,226 | -37.5% |
| Financial income | 75/76B | €77,443 | €74,595 | -€2,848 | -3.7% |
| Recurring financial income | 75 | €77,443 | €74,595 | -€2,848 | -3.7% |
| Income from current assets | 751 | €15,650 | - | -€15,650 | |
| Other financial income | 752/9 | €61,793 | - | -€61,793 | |
| Financial charges | 65/66B | €308,168 | €367,029 | +€58,862 | +19.1% |
| Recurring financial charges | 65 | €308,168 | €367,029 | +€58,862 | +19.1% |
| Debt charges | 650 | €59,865 | - | -€59,865 | |
| Other financial charges | 652/9 | €248,302 | - | -€248,302 | |
| Profit (loss) for the period before taxes | 9903 | €1,949,360 | €1,069,424 | -€879,936 | -45.1% |
| Income taxes | 67/77 | €545,636 | €272,787 | -€272,849 | -50.0% |
| Taxes | 670/3 | €545,636 | - | -€545,636 | |
| Profit (loss) for the period | 9904 | €1,403,724 | €796,637 | -€607,087 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,403,724 | €796,637 | -€607,087 | -43.2% |
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 11 October 2026 via checked.be.