QUEENSBERG: 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.
QUEENSBERG
Largest movements
- Tangible fixed assets +€116,770
up €116,770 (+544%), from €21,452 to €138,221
of which Furniture and vehicles: +€116,222
- Receivables within one year -€34,299
down €34,299 (-99.6%), from €34,436 to €137
of which Trade receivables: -€34,436
- Cash +€4,517
up €4,517 (+26.6%), from €16,999 to €21,516
mainly Debts after one year (+€62,284) and Receivables within one year (+€34,299)
- Deferred charges and accrued income +€3,932
new in 2024: €3,932
- Debts after one year +€62,284
up €62,284 (+478%), from €13,037 to €75,322
- Other debts +€32,890
up €32,890 (+66.2%), from €49,710 to €82,601
- Profit (loss) carried forward -€22,912
down €22,912 (-116%), from -€19,683 to -€42,595
- Current portion of long-term debt +€12,239
up €12,239 (+210%), from €5,823 to €18,062
- Tax, wage and social debts +€3,754
up €3,754 (+12.7%), from €29,579 to €33,334
of which Taxes: +€3,279
- Gross operating margin +€35,803
up €35,803 (+34.2%), from €104,829 to €140,632
- Staff costs +€33,658
up €33,658 (+32.6%), from €103,366 to €137,024
- Depreciation +€12,578
up €12,578 (+1,262%), from €996 to €13,574
- Other operating charges +€8,224
up €8,224 (+1,578%), from €521 to €8,746
- Financial charges +€2,892
up €2,892 (+362%), from €798 to €3,691
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 | €85,524 | €175,836 | +€90,312 | +106% |
| Fixed assets | 21/28 | €21,652 | €138,421 | +€116,770 | +539% |
| Tangible fixed assets | 22/27 | €21,452 | €138,221 | +€116,770 | +544% |
| Plant, machinery and equipment | 23 | €648 | €1,196 | +€548 | +84.5% |
| Furniture and vehicles | 24 | €20,804 | €137,025 | +€116,222 | +559% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €63,873 | €37,415 | -€26,458 | -41.4% |
| Stocks and contracts in progress | 3 | €12,438 | €11,831 | -€607 | -4.9% |
| Stocks | 30/36 | €12,438 | €11,831 | -€607 | -4.9% |
| Amounts receivable within one year | 40/41 | €34,436 | €137 | -€34,299 | -99.6% |
| Trade receivables | 40 | €34,436 | €0 | -€34,436 | -100% |
| Other amounts receivable | 41 | - | €137 | +€137 | |
| Cash at bank and in hand | 54/58 | €16,999 | €21,516 | +€4,517 | +26.6% |
| Deferred charges and accrued income | 490/1 | - | €3,932 | +€3,932 | |
| Total equity and liabilities | 10/49 | €85,524 | €175,836 | +€90,312 | +106% |
| Equity | 10/15 | -€18,683 | -€41,595 | -€22,912 | -123% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,683 | -€42,595 | -€22,912 | -116% |
| Amounts payable | 17/49 | €104,208 | €217,431 | +€113,224 | +109% |
| Amounts payable after more than one year | 17 | €13,037 | €75,322 | +€62,284 | +478% |
| Financial debts | 170/4 | €13,037 | €75,322 | +€62,284 | +478% |
| Amounts payable within one year | 42/48 | €91,170 | €142,110 | +€50,939 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €5,823 | €18,062 | +€12,239 | +210% |
| Financial debts | 43 | €296 | €1,977 | +€1,680 | +567% |
| Credit institutions | 430/8 | €296 | €1,977 | +€1,680 | +567% |
| Trade debts | 44 | €5,762 | €6,137 | +€375 | +6.5% |
| Suppliers | 440/4 | €5,762 | €6,137 | +€375 | +6.5% |
| Taxes, remuneration and social security | 45 | €29,579 | €33,334 | +€3,754 | +12.7% |
| Taxes | 450/3 | €6,811 | €10,091 | +€3,279 | +48.1% |
| Remuneration and social security | 454/9 | €22,768 | €23,243 | +€475 | +2.1% |
| Other amounts payable | 47/48 | €49,710 | €82,601 | +€32,890 | +66.2% |
| Remuneration, social security and pensions | 62 | €103,366 | €137,024 | +€33,658 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996 | €13,574 | +€12,578 | +1,262% |
| Other operating charges | 640/8 | €521 | €8,746 | +€8,224 | +1,578% |
| Gross operating margin | 9900 | €104,829 | €140,632 | +€35,803 | +34.2% |
| Operating profit (loss) | 9901 | -€54 | -€18,711 | -€18,657 | -34,391% |
| Financial income | 75/76B | €70 | €63 | -€7 | -10.1% |
| Recurring financial income | 75 | €70 | €63 | -€7 | -10.1% |
| Financial charges | 65/66B | €798 | €3,691 | +€2,892 | +362% |
| Recurring financial charges | 65 | €798 | €3,691 | +€2,892 | +362% |
| Profit (loss) for the period before taxes | 9903 | -€783 | -€22,339 | -€21,556 | -2,754% |
| Income taxes | 67/77 | €480 | €573 | +€93 | +19.4% |
| Profit (loss) for the period | 9904 | -€1,263 | -€22,912 | -€21,649 | -1,715% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,263 | -€22,912 | -€21,649 | -1,715% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.