QUEBEC: 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.
What changed
QUEBEC
NACE 70.100, Activities of head offices
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€193,619
2023 · €7,964+€185,654
Equity
€1.9m
2023 · €1.7m+€193,619
Cash
€43,892
2023 · €21,510+€22,382
Balance sheet total
€8.4m
2023 · €7.5m+€842,233
Largest movements
Assets
- Receivables within one year +€681,490
up €681,490 (+35.2%), from €1.9m to €2.6m
of which Other amounts receivable: +€681,490
- Intangible fixed assets +€85,620
up €85,620 (+158.0%), from €54,197 to €139,817
Equity and liabilities
- Other debts +€572,240
up €572,240 (+22.1%), from €2.6m to €3.2m
- Profit (loss) carried forward +€193,619
up €193,619 (+6.2%), from -€3.1m to -€2.9m
- Trade debts +€129,621
up €129,621 (+458.7%), from €28,257 to €157,878
Income statement
- Financial income +€342,748
up €342,748 (+4933.9%), from €6,947 to €349,695
- Gross operating margin -€252,955
down €252,955 (-49.4%), from €512,111 to €259,156
- Staff costs -€108,485
down €108,485 (-24.6%), from €441,149 to €332,664
- Depreciation +€24,737
up €24,737 (+58.9%), from €42,022 to €66,759
- Taxes -€8,789
down €8,789 (-90.1%), from €9,754 to €965
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
€7,964
Gross operating margin
-€252,955
Staff costs
+€108,485
Depreciation
-€24,737
Other operating charges
+€2,758
Financial income
+€342,748
Financial charges
+€567
Taxes
+€8,789
Result 2024
€193,619
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
+€217,475
Investment
-€175,093
Financing
-€20,000
Cash 2023
€21,510
From operations (derived)
+€217,475
Net result for the year
+€193,619
Depreciation
+€66,759
Receivables after one year
-€36,511
Receivables within one year
-€681,490
Deferred charges and accrued income
+€6,484
Trade debts
+€129,621
Tax, wage and social debts
-€28,491
Other debts
+€572,240
Accrued charges and deferred income
-€4,756
Investment (derived)
-€175,093
Investment in fixed assets (net)
-€175,093
Financing
-€20,000
Debts after one year
-€20,000
Cash 2024
€43,892
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,541,258 | €8,383,491 | +€842,233 | +11.2% |
| Fixed assets | 21/28 | €3,382,817 | €3,491,151 | +€108,334 | +3.2% |
| Intangible fixed assets | 21 | €54,197 | €139,817 | +€85,620 | +158.0% |
| Tangible fixed assets | 22/27 | €438,152 | €460,866 | +€22,714 | +5.2% |
| Land and buildings | 22 | €389,000 | €389,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €291 | €9,974 | +€9,683 | +3324.5% |
| Furniture and vehicles | 24 | €48,861 | €61,892 | +€13,031 | +26.7% |
| Financial fixed assets | 28 | €2,890,468 | €2,890,468 | = | 0.0% |
| Current assets | 29/58 | €4,158,441 | €4,892,341 | +€733,899 | +17.6% |
| Amounts receivable after more than one year | 29 | €2,144,683 | €2,181,194 | +€36,511 | +1.7% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €2,144,683 | €2,181,194 | +€36,511 | +1.7% |
| Stocks and contracts in progress | 3 | €45,585 | €45,585 | = | 0.0% |
| Stocks | 30/36 | €45,585 | €45,585 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,935,795 | €2,617,285 | +€681,490 | +35.2% |
| Trade receivables | 40 | €0 | €0 | -€0 | -100.0% |
| Other amounts receivable | 41 | €1,935,795 | €2,617,285 | +€681,490 | +35.2% |
| Cash at bank and in hand | 54/58 | €21,510 | €43,892 | +€22,382 | +104.1% |
| Deferred charges and accrued income | 490/1 | €10,868 | €4,384 | -€6,484 | -59.7% |
| Total equity and liabilities | 10/49 | €7,541,258 | €8,383,491 | +€842,233 | +11.2% |
| Equity | 10/15 | €1,700,946 | €1,894,564 | +€193,619 | +11.4% |
| Contributions | 10/11 | €4,768,600 | €4,768,600 | = | 0.0% |
| Reserves | 13 | €56,765 | €56,765 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,365 | - | -€53,365 | |
| Reserves not available under the articles | 1311 | €53,365 | - | -€53,365 | |
| Tax-exempt reserves | 132 | €3,401 | €3,401 | = | 0.0% |
| Distributable reserves | 133 | - | €53,365 | +€53,365 | |
| Profit (loss) carried forward | 14 | -€3,124,420 | -€2,930,801 | +€193,619 | +6.2% |
| Amounts payable | 17/49 | €5,840,313 | €6,488,927 | +€648,614 | +11.1% |
| Amounts payable after more than one year | 17 | €3,134,999 | €3,114,999 | -€20,000 | -0.6% |
| Financial debts | 170/4 | €134,999 | €114,999 | -€20,000 | -14.8% |
| Other amounts payable | 178/9 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,700,557 | €3,373,927 | +€673,371 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €28,257 | €157,878 | +€129,621 | +458.7% |
| Suppliers | 440/4 | €28,257 | €157,878 | +€129,621 | +458.7% |
| Taxes, remuneration and social security | 45 | €68,639 | €40,148 | -€28,491 | -41.5% |
| Taxes | 450/3 | €17,566 | €10,898 | -€6,668 | -38.0% |
| Remuneration and social security | 454/9 | €51,073 | €29,250 | -€21,823 | -42.7% |
| Other amounts payable | 47/48 | €2,583,660 | €3,155,901 | +€572,240 | +22.1% |
| Accrued charges and deferred income | 492/3 | €4,756 | - | -€4,756 | |
| Remuneration, social security and pensions | 62 | €441,149 | €332,664 | -€108,485 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,022 | €66,759 | +€24,737 | +58.9% |
| Other operating charges | 640/8 | €12,225 | €9,467 | -€2,758 | -22.6% |
| Gross operating margin | 9900 | €512,111 | €259,156 | -€252,955 | -49.4% |
| Operating profit (loss) | 9901 | €16,715 | -€149,734 | -€166,449 | |
| Financial income | 75/76B | €6,947 | €349,695 | +€342,748 | +4933.9% |
| Recurring financial income | 75 | €6,947 | €349,695 | +€342,748 | +4933.9% |
| Financial charges | 65/66B | €5,943 | €5,377 | -€567 | -9.5% |
| Recurring financial charges | 65 | €5,943 | €5,377 | -€567 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €17,718 | €194,584 | +€176,865 | +998.2% |
| Income taxes | 67/77 | €9,754 | €965 | -€8,789 | -90.1% |
| Profit (loss) for the period | 9904 | €7,964 | €193,619 | +€185,654 | +2331.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,964 | €193,619 | +€185,654 | +2331.1% |
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 7 October 2026 via checked.be.