Queen Veronica I: 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 Veronica I
Largest movements
- Receivables within one year +€20,497
up €20,497 (+26.6%), from €77,042 to €97,538
of which Trade receivables: +€15,048
- Tangible fixed assets +€13,080
up €13,080 (+6,883%), from €190 to €13,270
of which Land and buildings: +€9,599
- Current portion of long-term debt +€15,859
new in 2024: €15,859
- Tax, wage and social debts +€7,579
up €7,579 (+66.6%), from €11,378 to €18,958
of which Taxes: +€7,201
- Trade debts +€7,303
up €7,303 (+8.9%), from €82,184 to €89,487
- Profit (loss) carried forward +€2,267
up €2,267 (+20.2%), from €11,228 to €13,495
- Gross operating margin -€36,279
down €36,279 (-44.7%), from €81,114 to €44,834
- Staff costs -€10,516
down €10,516 (-27.6%), from €38,141 to €27,624
- Taxes -€7,815
down €7,815 (-80.8%), from €9,675 to €1,860
- Other operating charges -€4,885
down €4,885 (-33.4%), from €14,644 to €9,760
- Depreciation +€1,864
up €1,864 (+1,097%), from €170 to €2,034
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 | €148,404 | €181,412 | +€33,008 | +22.2% |
| Fixed assets | 21/28 | €190 | €13,270 | +€13,080 | +6,883% |
| Tangible fixed assets | 22/27 | €190 | €13,270 | +€13,080 | +6,883% |
| Land and buildings | 22 | - | €9,599 | +€9,599 | |
| Plant, machinery and equipment | 23 | €190 | €3,671 | +€3,481 | +1,832% |
| Current assets | 29/58 | €148,214 | €168,142 | +€19,928 | +13.4% |
| Stocks and contracts in progress | 3 | €63,305 | €63,305 | = | 0.0% |
| Stocks | 30/36 | €63,305 | €63,305 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,042 | €97,538 | +€20,497 | +26.6% |
| Trade receivables | 40 | €22,566 | €37,614 | +€15,048 | +66.7% |
| Other amounts receivable | 41 | €54,476 | €59,925 | +€5,449 | +10.0% |
| Cash at bank and in hand | 54/58 | €7,867 | €7,298 | -€569 | -7.2% |
| Total equity and liabilities | 10/49 | €148,404 | €181,412 | +€33,008 | +22.2% |
| Equity | 10/15 | €54,842 | €57,109 | +€2,267 | +4.1% |
| Contributions | 10/11 | €18,092 | €18,092 | = | 0.0% |
| Reserves | 13 | €25,522 | €25,522 | = | 0.0% |
| Distributable reserves | 133 | €25,522 | €25,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,228 | €13,495 | +€2,267 | +20.2% |
| Amounts payable | 17/49 | €93,562 | €124,303 | +€30,741 | +32.9% |
| Amounts payable within one year | 42/48 | €93,562 | €124,303 | +€30,741 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,859 | +€15,859 | |
| Trade debts | 44 | €82,184 | €89,487 | +€7,303 | +8.9% |
| Suppliers | 440/4 | €82,184 | €89,487 | +€7,303 | +8.9% |
| Taxes, remuneration and social security | 45 | €11,378 | €18,958 | +€7,579 | +66.6% |
| Taxes | 450/3 | €10,366 | €17,567 | +€7,201 | +69.5% |
| Remuneration and social security | 454/9 | €1,012 | €1,390 | +€379 | +37.4% |
| Remuneration, social security and pensions | 62 | €38,141 | €27,624 | -€10,516 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €2,034 | +€1,864 | +1,097% |
| Other operating charges | 640/8 | €14,644 | €9,760 | -€4,885 | -33.4% |
| Non-recurring operating charges | 66A | €319 | - | -€319 | |
| Gross operating margin | 9900 | €81,114 | €44,834 | -€36,279 | -44.7% |
| Operating profit (loss) | 9901 | €27,839 | €5,416 | -€22,423 | -80.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €926 | €1,289 | +€364 | +39.3% |
| Recurring financial charges | 65 | €926 | €1,289 | +€364 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €26,913 | €4,127 | -€22,787 | -84.7% |
| Income taxes | 67/77 | €9,675 | €1,860 | -€7,815 | -80.8% |
| Profit (loss) for the period | 9904 | €17,238 | €2,267 | -€14,972 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,238 | €2,267 | -€14,972 | -86.9% |
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 24 October 2026 via checked.be.