QUEEN ROSE: 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 ROSE
Largest movements
- Stocks and contracts +€87,764
up €87,764 (+158%), from €55,451 to €143,215
- Tangible fixed assets +€55,869
up €55,869 (+464%), from €12,033 to €67,901
- Receivables within one year -€34,599
down €34,599 (-61.7%), from €56,043 to €21,443
of which Trade receivables: -€48,542
- Other debts +€35,979
up €35,979 (+131%), from €27,387 to €63,367
- Trade debts +€26,326
up €26,326 (+108%), from €24,422 to €50,748
- Profit (loss) carried forward +€21,731
up €21,731 (+41.9%), from €51,817 to €73,548
- Tax, wage and social debts +€17,818
up €17,818 (+76.7%), from €23,233 to €41,051
of which Remuneration and social security: +€15,964
- Short-term financial debts +€7,486
up €7,486 (+87.5%), from €8,550 to €16,036
- Turnover -€835,896
no longer reported in 2024 (was €835,896)
- Purchases and services -€684,001
no longer reported in 2024 (was €684,001)
- Staff costs +€40,633
up €40,633 (+36.2%), from €112,351 to €152,984
- Gross operating margin +€36,136
up €36,136 (+23.8%), from €151,895 to €188,031
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 | €140,409 | €249,750 | +€109,341 | +77.9% |
| Fixed assets | 21/28 | €28,795 | €84,663 | +€55,869 | +194% |
| Intangible fixed assets | 21 | €312 | €312 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,033 | €67,901 | +€55,869 | +464% |
| Plant, machinery and equipment | 23 | €12,033 | €67,901 | +€55,869 | +464% |
| Financial fixed assets | 28 | €16,450 | €16,450 | = | 0.0% |
| Current assets | 29/58 | €111,614 | €165,087 | +€53,473 | +47.9% |
| Stocks and contracts in progress | 3 | €55,451 | €143,215 | +€87,764 | +158% |
| Stocks | 30/36 | €55,451 | €143,215 | +€87,764 | +158% |
| Amounts receivable within one year | 40/41 | €56,043 | €21,443 | -€34,599 | -61.7% |
| Trade receivables | 40 | €55,365 | €6,824 | -€48,542 | -87.7% |
| Other amounts receivable | 41 | €677 | €14,619 | +€13,942 | +2,059% |
| Cash at bank and in hand | 54/58 | €121 | €429 | +€308 | +255% |
| Total equity and liabilities | 10/49 | €140,409 | €249,750 | +€109,341 | +77.9% |
| Equity | 10/15 | €56,817 | €78,548 | +€21,731 | +38.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,817 | €73,548 | +€21,731 | +41.9% |
| Amounts payable | 17/49 | €83,592 | €171,202 | +€87,610 | +105% |
| Amounts payable within one year | 42/48 | €83,592 | €171,202 | +€87,610 | +105% |
| Financial debts | 43 | €8,550 | €16,036 | +€7,486 | +87.5% |
| Credit institutions | 430/8 | €8,550 | €16,036 | +€7,486 | +87.5% |
| Trade debts | 44 | €24,422 | €50,748 | +€26,326 | +108% |
| Suppliers | 440/4 | €24,422 | €50,748 | +€26,326 | +108% |
| Taxes, remuneration and social security | 45 | €23,233 | €41,051 | +€17,818 | +76.7% |
| Taxes | 450/3 | €5,684 | €7,538 | +€1,854 | +32.6% |
| Remuneration and social security | 454/9 | €17,549 | €33,513 | +€15,964 | +91.0% |
| Other amounts payable | 47/48 | €27,387 | €63,367 | +€35,979 | +131% |
| Turnover | 70 | €835,896 | - | -€835,896 | |
| Goods, raw materials, services and sundry goods | 60/61 | €684,001 | - | -€684,001 | |
| Remuneration, social security and pensions | 62 | €112,351 | €152,984 | +€40,633 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,281 | - | -€3,281 | |
| Other operating charges | 640/8 | €3,224 | €7,241 | +€4,017 | +125% |
| Gross operating margin | 9900 | €151,895 | €188,031 | +€36,136 | +23.8% |
| Operating profit (loss) | 9901 | €33,038 | €27,806 | -€5,233 | -15.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.9% |
| Financial charges | 65/66B | €1,755 | €6,075 | +€4,320 | +246% |
| Recurring financial charges | 65 | €1,755 | €6,075 | +€4,320 | +246% |
| Profit (loss) for the period before taxes | 9903 | €31,284 | €21,731 | -€9,553 | -30.5% |
| Profit (loss) for the period | 9904 | €31,284 | €21,731 | -€9,553 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,284 | €21,731 | -€9,553 | -30.5% |
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.