QUEEN 80: 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.
QUEEN 80
Largest movements
- Tangible fixed assets -€57,325
down €57,325 (-27.4%), from €209,007 to €151,682
of which Land and buildings: -€53,254
- Debts after one year -€34,913
down €34,913 (-24.7%), from €141,493 to €106,580
- Profit (loss) carried forward -€15,442
down €15,442 (-29.3%), from -€52,792 to -€68,234
- Other debts -€10,744
down €10,744 (-11.4%), from €94,628 to €83,884
- Current portion of long-term debt +€7,464
up €7,464 (+82.0%), from €9,098 to €16,562
- Trade debts -€5,438
down €5,438 (-70.0%), from €7,767 to €2,329
- Gross operating margin +€25,286
up €25,286, from -€8,993 to €16,293
- Purchases and services -€22,366
down €22,366 (-46.4%), from €48,188 to €25,822
- Turnover -€14,169
down €14,169 (-36.1%), from €39,195 to €25,026
- Depreciation +€11,399
up €11,399 (+71.3%), from €15,981 to €27,380
- Financial charges -€1,669
down €1,669 (-34.9%), from €4,783 to €3,114
From the 2024 result to the 2025 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.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,644 | €151,718 | -€58,926 | -28.0% |
| Fixed assets | 21/28 | €209,007 | €151,682 | -€57,325 | -27.4% |
| Tangible fixed assets | 22/27 | €209,007 | €151,682 | -€57,325 | -27.4% |
| Land and buildings | 22 | €201,632 | €148,378 | -€53,254 | -26.4% |
| Plant, machinery and equipment | 23 | €2,279 | €1,329 | -€950 | -41.7% |
| Furniture and vehicles | 24 | €5,097 | €1,975 | -€3,122 | -61.2% |
| Current assets | 29/58 | €1,637 | €36 | -€1,601 | -97.8% |
| Amounts receivable within one year | 40/41 | €477 | - | -€477 | |
| Trade receivables | 40 | €477 | - | -€477 | |
| Cash at bank and in hand | 54/58 | €1,160 | €36 | -€1,124 | -96.9% |
| Total equity and liabilities | 10/49 | €210,644 | €151,718 | -€58,926 | -28.0% |
| Equity | 10/15 | -€42,792 | -€58,234 | -€15,442 | -36.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,792 | -€68,234 | -€15,442 | -29.3% |
| Amounts payable | 17/49 | €253,436 | €209,952 | -€43,484 | -17.2% |
| Amounts payable after more than one year | 17 | €141,493 | €106,580 | -€34,913 | -24.7% |
| Financial debts | 170/4 | €141,493 | €106,580 | -€34,913 | -24.7% |
| Amounts payable within one year | 42/48 | €111,943 | €103,225 | -€8,718 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €9,098 | €16,562 | +€7,464 | +82.0% |
| Trade debts | 44 | €7,767 | €2,329 | -€5,438 | -70.0% |
| Suppliers | 440/4 | €7,767 | €2,329 | -€5,438 | -70.0% |
| Advances received on contracts in progress | 46 | €450 | €450 | = | 0.0% |
| Other amounts payable | 47/48 | €94,628 | €83,884 | -€10,744 | -11.4% |
| Accrued charges and deferred income | 492/3 | - | €147 | +€147 | |
| Turnover | 70 | €39,195 | €25,026 | -€14,169 | -36.1% |
| Non-recurring operating income | 76A | - | €17,089 | +€17,089 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,188 | €25,822 | -€22,366 | -46.4% |
| Remuneration, social security and pensions | 62 | - | €409 | +€409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,981 | €27,380 | +€11,399 | +71.3% |
| Other operating charges | 640/8 | €955 | €833 | -€122 | -12.8% |
| Gross operating margin | 9900 | -€8,993 | €16,293 | +€25,286 | |
| Operating profit (loss) | 9901 | -€25,929 | -€12,329 | +€13,600 | +52.5% |
| Financial charges | 65/66B | €4,783 | €3,114 | -€1,669 | -34.9% |
| Recurring financial charges | 65 | €4,783 | €3,114 | -€1,669 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,713 | -€15,443 | +€15,270 | +49.7% |
| Profit (loss) for the period | 9904 | -€30,713 | -€15,443 | +€15,270 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,713 | -€15,443 | +€15,270 | +49.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.