QUEEN'S GUARD: 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'S GUARD
Largest movements
- Cash +€3,081
up €3,081 (+67.0%), from €4,598 to €7,679
mainly Net result for the year (+€2,834) and Other debts (+€1,199)
- Profit (loss) carried forward +€2,834
up €2,834 (+12.4%), from €22,848 to €25,682
- Other debts +€1,199
up €1,199 (+21.5%), from €5,572 to €6,771
- Trade debts -€952
down €952 (-33.7%), from €2,826 to €1,874
- Gross operating margin -€207
down €207 (-3.7%), from €5,583 to €5,376
- Purchases and services +€207
up €207 (+12.8%), from €1,617 to €1,824
- Taxes +€161
up €161 (+16.9%), from €952 to €1,113
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.
Derived cash bridge
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 | €80,127 | €83,208 | +€3,081 | +3.8% |
| Fixed assets | 21/28 | €37,208 | €37,208 | = | 0.0% |
| Tangible fixed assets | 22/27 | €37,184 | €37,184 | = | 0.0% |
| Land and buildings | 22 | €37,184 | €37,184 | = | 0.0% |
| Financial fixed assets | 28 | €24 | €24 | = | 0.0% |
| Current assets | 29/58 | €42,919 | €46,000 | +€3,081 | +7.2% |
| Amounts receivable within one year | 40/41 | €38,321 | €38,321 | = | 0.0% |
| Other amounts receivable | 41 | €38,321 | €38,321 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,598 | €7,679 | +€3,081 | +67.0% |
| Total equity and liabilities | 10/49 | €80,127 | €83,208 | +€3,081 | +3.8% |
| Equity | 10/15 | €66,529 | €69,363 | +€2,834 | +4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,089 | €25,089 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,089 | €25,089 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Other | 1319 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,848 | €25,682 | +€2,834 | +12.4% |
| Amounts payable | 17/49 | €13,598 | €13,845 | +€247 | +1.8% |
| Amounts payable within one year | 42/48 | €13,598 | €13,845 | +€247 | +1.8% |
| Financial debts | 43 | €5,200 | €5,200 | = | 0.0% |
| Other loans | 439 | €5,200 | €5,200 | = | 0.0% |
| Trade debts | 44 | €2,826 | €1,874 | -€952 | -33.7% |
| Suppliers | 440/4 | €2,826 | €1,874 | -€952 | -33.7% |
| Other amounts payable | 47/48 | €5,572 | €6,771 | +€1,199 | +21.5% |
| Turnover | 70 | €7,200 | €7,200 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,617 | €1,824 | +€207 | +12.8% |
| Other operating charges | 640/8 | €1,468 | €1,399 | -€69 | -4.7% |
| Gross operating margin | 9900 | €5,583 | €5,376 | -€207 | -3.7% |
| Operating profit (loss) | 9901 | €4,115 | €3,977 | -€138 | -3.4% |
| Financial charges | 65/66B | €29 | €30 | +€1 | +3.4% |
| Recurring financial charges | 65 | €29 | €30 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €4,086 | €3,947 | -€139 | -3.4% |
| Income taxes | 67/77 | €952 | €1,113 | +€161 | +16.9% |
| Profit (loss) for the period | 9904 | €3,134 | €2,834 | -€300 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,134 | €2,834 | -€300 | -9.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.