QUEST4: what changed
Two fiscal 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.
QUEST4
Largest movements
- Receivables within one year -€23,678
down €23,678 (-83.4%), from €28,402 to €4,725
of which Trade receivables: -€24,172
- Tangible fixed assets +€22,241
up €22,241 (+172.3%), from €12,906 to €35,147
of which Furniture and vehicles: +€25,018
- Cash -€4,674
down €4,674 (-32.4%), from €14,433 to €9,758
mainly Investment in fixed assets (net) (-€34,758) and Net result for the year (-€30,868)
- Other debts +€32,148
up €32,148 (+118.6%), from €27,113 to €59,261
- Profit (loss) carried forward -€30,868
down €30,868 (-1013.2%), from -€3,047 to -€33,915
- Trade debts -€5,457
down €5,457 (-46.3%), from €11,795 to €6,339
- Tax, wage and social debts -€2,073
down €2,073 (-47.7%), from €4,348 to €2,275
- Gross operating margin -€19,043
down €19,043 (-58.6%), from €32,518 to €13,475
- Depreciation +€6,526
up €6,526 (+108.9%), from €5,991 to €12,517
- Other operating charges +€2,047
up €2,047 (+91.2%), from €2,244 to €4,291
- Financial charges -€913
down €913 (-31.0%), from €2,945 to €2,031
- Taxes -€681
down €681 (-46.1%), from €1,478 to €797
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.
Cash bridge derived
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 | €59,109 | €52,859 | -€6,250 | -10.6% |
| Fixed assets | 21/28 | €13,371 | €35,612 | +€22,241 | +166.3% |
| Tangible fixed assets | 22/27 | €12,906 | €35,147 | +€22,241 | +172.3% |
| Plant, machinery and equipment | 23 | €8,168 | €5,825 | -€2,344 | -28.7% |
| Furniture and vehicles | 24 | €3,439 | €28,456 | +€25,018 | +727.5% |
| Other tangible fixed assets | 26 | €1,299 | €866 | -€433 | -33.3% |
| Financial fixed assets | 28 | €465 | €465 | = | 0.0% |
| Current assets | 29/58 | €45,738 | €17,247 | -€28,491 | -62.3% |
| Amounts receivable within one year | 40/41 | €28,402 | €4,725 | -€23,678 | -83.4% |
| Trade receivables | 40 | €28,402 | €4,230 | -€24,172 | -85.1% |
| Other amounts receivable | 41 | - | €494 | +€494 | |
| Cash at bank and in hand | 54/58 | €14,433 | €9,758 | -€4,674 | -32.4% |
| Deferred charges and accrued income | 490/1 | €2,903 | €2,764 | -€139 | -4.8% |
| Total equity and liabilities | 10/49 | €59,109 | €52,859 | -€6,250 | -10.6% |
| Equity | 10/15 | €15,853 | -€15,015 | -€30,868 | |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,047 | -€33,915 | -€30,868 | -1013.2% |
| Amounts payable | 17/49 | €43,256 | €67,874 | +€24,618 | +56.9% |
| Amounts payable within one year | 42/48 | €43,256 | €67,874 | +€24,618 | +56.9% |
| Trade debts | 44 | €11,795 | €6,339 | -€5,457 | -46.3% |
| Suppliers | 440/4 | €11,795 | €6,339 | -€5,457 | -46.3% |
| Taxes, remuneration and social security | 45 | €4,348 | €2,275 | -€2,073 | -47.7% |
| Taxes | 450/3 | €4,348 | €2,275 | -€2,073 | -47.7% |
| Other amounts payable | 47/48 | €27,113 | €59,261 | +€32,148 | +118.6% |
| Non-recurring operating income | 76A | - | €15,385 | +€15,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,991 | €12,517 | +€6,526 | +108.9% |
| Other operating charges | 640/8 | €2,244 | €4,291 | +€2,047 | +91.2% |
| Non-recurring operating charges | 66A | - | €24,845 | +€24,845 | |
| Gross operating margin | 9900 | €32,518 | €13,475 | -€19,043 | -58.6% |
| Operating profit (loss) | 9901 | €24,283 | -€28,178 | -€52,462 | |
| Financial income | 75/76B | €14 | €138 | +€124 | +882.1% |
| Recurring financial income | 75 | €14 | €138 | +€124 | +882.1% |
| Financial charges | 65/66B | €2,945 | €2,031 | -€913 | -31.0% |
| Recurring financial charges | 65 | €2,945 | €2,031 | -€913 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €21,353 | -€30,072 | -€51,424 | |
| Income taxes | 67/77 | €1,478 | €797 | -€681 | -46.1% |
| Profit (loss) for the period | 9904 | €19,875 | -€30,868 | -€50,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,875 | -€30,868 | -€50,743 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.