QUEENSPAN: 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.
QUEENSPAN
Largest movements
- Cash -€562
down €562 (-37.6%), from €1,496 to €934
mainly Debts within one year (-€6,270) and Receivables within one year (-€202)
- Debts within one year -€6,270
down €6,270 (-20.9%), from €30,014 to €23,744
- Profit (loss) carried forward +€5,911
up €5,911 (+22.5%), from -€26,219 to -€20,309
- Gross operating margin +€9,329
up €9,329, from -€1,488 to €7,841
From the 2019 result to the 2020 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.
Cash bridge derived
Derived from the 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,403 | €23,043 | -€360 | -1.5% |
| Current assets | 29/58 | €23,403 | €23,043 | -€360 | -1.5% |
| Amounts receivable within one year | 40/41 | €21,907 | €22,109 | +€202 | +0.9% |
| Cash at bank and in hand | 54/58 | €1,496 | €934 | -€562 | -37.6% |
| Total equity and liabilities | 10/49 | €23,403 | €23,043 | -€360 | -1.5% |
| Equity | 10/15 | -€6,612 | -€701 | +€5,911 | +89.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,008 | €1,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,219 | -€20,309 | +€5,911 | +22.5% |
| Amounts payable | 17/49 | €30,014 | €23,744 | -€6,270 | -20.9% |
| Amounts payable within one year | 42/48 | €30,014 | €23,744 | -€6,270 | -20.9% |
| Trade debts | 44 | €12,037 | €9,978 | -€2,059 | -17.1% |
| Gross operating margin | 9900 | -€1,488 | €7,841 | +€9,329 | |
| Operating profit (loss) | 9901 | -€1,988 | €6,492 | +€8,479 | |
| Recurring financial charges | 65 | €696 | €581 | -€115 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,684 | €5,911 | +€8,595 | |
| Profit (loss) for the period | 9904 | -€2,684 | €5,911 | +€8,595 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,684 | €5,911 | +€8,595 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.