QUEEN’S VALLEY LOFT: 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 VALLEY LOFT
Largest movements
- Stocks and contracts -€10,000
down €10,000 (-9.5%), from €105,000 to €95,000
- Cash +€9,697
up €9,697 (+69.9%), from €13,878 to €23,576
mainly Depreciation (+€14,665) and Stocks and contracts (+€10,000)
- Tangible fixed assets -€5,481
down €5,481 (-14.1%), from €38,802 to €33,322
of which Land and buildings: -€4,539
- Receivables within one year +€3,304
up €3,304 (+5.7%), from €57,887 to €61,191
- Reserves -€10,592
down €10,592 (-5.8%), from €183,438 to €172,846
of which Distributable reserves: -€10,592
- Trade debts +€5,630
up €5,630 (+207%), from €2,722 to €8,352
- Gross operating margin -€6,152
down €6,152 (-19.6%), from €31,406 to €25,254
- Taxes -€6,127
down €6,127, from €4,536 to -€1,591
- Financial charges +€2,082
up €2,082 (+399%), from €521 to €2,603
- Depreciation +€1,131
up €1,131 (+8.4%), from €13,534 to €14,665
- Other operating charges -€448
down €448 (-67.1%), from €667 to €219
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 | €217,401 | €213,088 | -€4,313 | -2.0% |
| Fixed assets | 21/28 | €40,636 | €33,322 | -€7,314 | -18.0% |
| Intangible fixed assets | 21 | €1,833 | - | -€1,833 | |
| Tangible fixed assets | 22/27 | €38,802 | €33,322 | -€5,481 | -14.1% |
| Land and buildings | 22 | €26,997 | €22,458 | -€4,539 | -16.8% |
| Plant, machinery and equipment | 23 | €6,529 | €10,085 | +€3,557 | +54.5% |
| Furniture and vehicles | 24 | €5,276 | €779 | -€4,498 | -85.2% |
| Current assets | 29/58 | €176,765 | €179,767 | +€3,001 | +1.7% |
| Stocks and contracts in progress | 3 | €105,000 | €95,000 | -€10,000 | -9.5% |
| Stocks | 30/36 | €105,000 | €95,000 | -€10,000 | -9.5% |
| Amounts receivable within one year | 40/41 | €57,887 | €61,191 | +€3,304 | +5.7% |
| Trade receivables | 40 | €57,887 | €61,191 | +€3,304 | +5.7% |
| Cash at bank and in hand | 54/58 | €13,878 | €23,576 | +€9,697 | +69.9% |
| Total equity and liabilities | 10/49 | €217,401 | €213,088 | -€4,313 | -2.0% |
| Equity | 10/15 | €189,438 | €178,846 | -€10,592 | -5.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €183,438 | €172,846 | -€10,592 | -5.8% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €182,838 | €172,246 | -€10,592 | -5.8% |
| Amounts payable | 17/49 | €27,963 | €34,242 | +€6,279 | +22.5% |
| Amounts payable within one year | 42/48 | €27,963 | €34,242 | +€6,279 | +22.5% |
| Trade debts | 44 | €2,722 | €8,352 | +€5,630 | +207% |
| Suppliers | 440/4 | €2,722 | €8,352 | +€5,630 | +207% |
| Taxes, remuneration and social security | 45 | €6,095 | €6,234 | +€139 | +2.3% |
| Taxes | 450/3 | €6,095 | €6,234 | +€139 | +2.3% |
| Other amounts payable | 47/48 | €19,147 | €19,657 | +€510 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,534 | €14,665 | +€1,131 | +8.4% |
| Other operating charges | 640/8 | €667 | €219 | -€448 | -67.1% |
| Gross operating margin | 9900 | €31,406 | €25,254 | -€6,152 | -19.6% |
| Operating profit (loss) | 9901 | €17,205 | €10,370 | -€6,834 | -39.7% |
| Financial income | 75/76B | €28 | €50 | +€22 | +76.7% |
| Recurring financial income | 75 | €28 | €50 | +€22 | +76.7% |
| Financial charges | 65/66B | €521 | €2,603 | +€2,082 | +399% |
| Recurring financial charges | 65 | €521 | €2,603 | +€2,082 | +399% |
| Profit (loss) for the period before taxes | 9903 | €16,712 | €7,817 | -€8,894 | -53.2% |
| Income taxes | 67/77 | €4,536 | -€1,591 | -€6,127 | |
| Profit (loss) for the period | 9904 | €12,176 | €9,408 | -€2,768 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,176 | €9,408 | -€2,768 | -22.7% |
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 14 October 2026 via checked.be.