Queen: 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.
Queen
Largest movements
- Receivables within one year +€84,372
up €84,372 (+26,366,191%), from €0 to €84,372
of which Trade receivables: +€81,768
- Cash +€7,595
up €7,595 (+143%), from €5,311 to €12,906
mainly Trade debts (+€93,392) and Net result for the year (+€2,086)
- Trade debts +€93,392
up €93,392 (+1,163%), from €8,032 to €101,425
- Profit (loss) carried forward +€2,086
up €2,086 (+276%), from €755 to €2,841
- Gross operating margin +€7,875
up €7,875 (+24.6%), from €31,988 to €39,863
- Staff costs +€7,026
up €7,026 (+24.3%), from €28,897 to €35,923
- Depreciation +€519
new in 2024: €519
- Other operating charges -€405
down €405 (-31.5%), from €1,287 to €881
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 | €65,350 | €159,936 | +€94,586 | +145% |
| Fixed assets | 21/28 | €6,000 | €7,230 | +€1,230 | +20.5% |
| Tangible fixed assets | 22/27 | - | €1,230 | +€1,230 | |
| Furniture and vehicles | 24 | - | €1,230 | +€1,230 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €59,350 | €152,707 | +€93,356 | +157% |
| Stocks and contracts in progress | 3 | €53,014 | €54,473 | +€1,460 | +2.8% |
| Stocks | 30/36 | €53,014 | €54,473 | +€1,460 | +2.8% |
| Amounts receivable within one year | 40/41 | €0 | €84,372 | +€84,372 | +26,366,191% |
| Trade receivables | 40 | - | €81,768 | +€81,768 | |
| Other amounts receivable | 41 | €0 | €2,604 | +€2,604 | +813,716% |
| Cash at bank and in hand | 54/58 | €5,311 | €12,906 | +€7,595 | +143% |
| Deferred charges and accrued income | 490/1 | €1,025 | €955 | -€70 | -6.8% |
| Total equity and liabilities | 10/49 | €65,350 | €159,936 | +€94,586 | +145% |
| Equity | 10/15 | €19,355 | €21,441 | +€2,086 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €755 | €2,841 | +€2,086 | +276% |
| Amounts payable | 17/49 | €45,996 | €138,496 | +€92,500 | +201% |
| Amounts payable within one year | 42/48 | €45,996 | €138,496 | +€92,500 | +201% |
| Trade debts | 44 | €8,032 | €101,425 | +€93,392 | +1,163% |
| Suppliers | 440/4 | €8,032 | €101,425 | +€93,392 | +1,163% |
| Taxes, remuneration and social security | 45 | €34,133 | €33,330 | -€802 | -2.4% |
| Taxes | 450/3 | €18,604 | €12,729 | -€5,875 | -31.6% |
| Remuneration and social security | 454/9 | €15,529 | €20,602 | +€5,073 | +32.7% |
| Other amounts payable | 47/48 | €3,830 | €3,741 | -€90 | -2.3% |
| Remuneration, social security and pensions | 62 | €28,897 | €35,923 | +€7,026 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €519 | +€519 | |
| Other operating charges | 640/8 | €1,287 | €881 | -€405 | -31.5% |
| Gross operating margin | 9900 | €31,988 | €39,863 | +€7,875 | +24.6% |
| Operating profit (loss) | 9901 | €1,804 | €2,539 | +€735 | +40.7% |
| Financial income | 75/76B | €5 | €184 | +€179 | +3,499% |
| Recurring financial income | 75 | €5 | €184 | +€179 | +3,499% |
| Financial charges | 65/66B | €109 | €1 | -€108 | -99.4% |
| Recurring financial charges | 65 | €109 | €1 | -€108 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €1,701 | €2,722 | +€1,022 | +60.1% |
| Income taxes | 67/77 | €1,025 | €637 | -€389 | -37.9% |
| Profit (loss) for the period | 9904 | €675 | €2,086 | +€1,411 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €675 | €2,086 | +€1,411 | +209% |
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 15 October 2026 via checked.be.