QUIETUDES: 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.
QUIETUDES
Largest movements
- Tangible fixed assets +€551,783
up €551,783 (+9,315%), from €5,924 to €557,707
of which Assets under construction and advance payments: +€533,383
- Cash -€45,200
down €45,200 (-74.9%), from €60,328 to €15,128
mainly Investment in fixed assets (net) (-€552,298)
- Receivables within one year -€6,717
down €6,717 (-10.4%), from €64,891 to €58,174
- Debts after one year +€252,779
new in 2024: €252,779
- Other debts +€147,744
up €147,744 (+1,687%), from €8,758 to €156,502
- Reserves +€74,760
up €74,760 (+73.6%), from €101,633 to €176,393
- Current portion of long-term debt +€11,062
new in 2024: €11,062
- Tax, wage and social debts +€8,183
up €8,183 (+117%), from €7,000 to €15,183
- Gross operating margin +€45,982
up €45,982 (+65.4%), from €70,259 to €116,241
- Financial charges +€5,321
up €5,321 (+441%), from €1,207 to €6,528
- Taxes -€3,591
down €3,591 (-10.2%), from €35,236 to €31,646
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 | €136,462 | €636,145 | +€499,683 | +366% |
| Fixed assets | 21/28 | €8,174 | €560,204 | +€552,031 | +6,754% |
| Tangible fixed assets | 22/27 | €5,924 | €557,707 | +€551,783 | +9,315% |
| Land and buildings | 22 | €5,566 | €12,041 | +€6,475 | +116% |
| Furniture and vehicles | 24 | €357 | €12,282 | +€11,925 | +3,336% |
| Assets under construction and advance payments | 27 | - | €533,383 | +€533,383 | |
| Financial fixed assets | 28 | €2,250 | €2,498 | +€248 | +11.0% |
| Current assets | 29/58 | €128,288 | €75,940 | -€52,348 | -40.8% |
| Amounts receivable within one year | 40/41 | €64,891 | €58,174 | -€6,717 | -10.4% |
| Trade receivables | 40 | €64,891 | €58,174 | -€6,717 | -10.4% |
| Cash at bank and in hand | 54/58 | €60,328 | €15,128 | -€45,200 | -74.9% |
| Deferred charges and accrued income | 490/1 | €3,069 | €2,637 | -€432 | -14.1% |
| Total equity and liabilities | 10/49 | €136,462 | €636,145 | +€499,683 | +366% |
| Equity | 10/15 | €120,704 | €195,464 | +€74,760 | +61.9% |
| Reserves | 13 | €101,633 | €176,393 | +€74,760 | +73.6% |
| Distributable reserves | 133 | €101,633 | €176,393 | +€74,760 | +73.6% |
| Profit (loss) carried forward | 14 | €19,071 | €19,071 | = | 0.0% |
| Amounts payable | 17/49 | €15,757 | €440,680 | +€424,923 | +2,697% |
| Amounts payable after more than one year | 17 | - | €252,779 | +€252,779 | |
| Financial debts | 170/4 | - | €252,779 | +€252,779 | |
| Amounts payable within one year | 42/48 | €15,757 | €187,901 | +€172,144 | +1,092% |
| Current portion of amounts payable after more than one year | 42 | - | €11,062 | +€11,062 | |
| Trade debts | 44 | - | €5,154 | +€5,154 | |
| Suppliers | 440/4 | - | €5,154 | +€5,154 | |
| Taxes, remuneration and social security | 45 | €7,000 | €15,183 | +€8,183 | +117% |
| Taxes | 450/3 | €7,000 | €15,183 | +€8,183 | +117% |
| Other amounts payable | 47/48 | €8,758 | €156,502 | +€147,744 | +1,687% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €267 | = | 0.0% |
| Other operating charges | 640/8 | €3,183 | €3,040 | -€142 | -4.5% |
| Gross operating margin | 9900 | €70,259 | €116,241 | +€45,982 | +65.4% |
| Operating profit (loss) | 9901 | €66,809 | €112,934 | +€46,125 | +69.0% |
| Financial charges | 65/66B | €1,207 | €6,528 | +€5,321 | +441% |
| Recurring financial charges | 65 | €1,207 | €6,528 | +€5,321 | +441% |
| Profit (loss) for the period before taxes | 9903 | €65,602 | €106,405 | +€40,804 | +62.2% |
| Income taxes | 67/77 | €35,236 | €31,646 | -€3,591 | -10.2% |
| Profit (loss) for the period | 9904 | €30,365 | €74,760 | +€44,394 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €30,365 | €74,760 | +€44,394 | +146% |
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 18 October 2026 via checked.be.