QUINTESSENTIAL: 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.
QUINTESSENTIAL
Largest movements
- Cash -€35,102
down €35,102 (-77.3%), from €45,432 to €10,330
mainly Net result for the year (-€28,190) and Receivables within one year (-€11,363)
- Receivables within one year +€11,363
up €11,363 (+103.0%), from €11,030 to €22,393
of which Other amounts receivable: +€11,363
- Tangible fixed assets -€10,352
down €10,352 (-58.8%), from €17,606 to €7,254
of which Furniture and vehicles: -€9,711
- Profit (loss) carried forward -€28,190
down €28,190 (-174.5%), from -€16,156 to -€44,345
- Current portion of long-term debt -€4,539
down €4,539 (-52.3%), from €8,680 to €4,141
- Debts after one year -€4,141
down €4,141 (-100.0%), from €4,141 to €0
- Trade debts +€3,895
up €3,895 (+129.9%), from €2,999 to €6,894
- Tax, wage and social debts -€1,117
down €1,117 (-15.7%), from €7,094 to €5,977
- Gross operating margin -€71,507
down €71,507, from €55,866 to -€15,640
- Taxes -€15,410
down €15,410 (-100.0%), from €15,410 to €0
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 | €74,068 | €39,977 | -€34,091 | -46.0% |
| Fixed assets | 21/28 | €17,606 | €7,254 | -€10,352 | -58.8% |
| Tangible fixed assets | 22/27 | €17,606 | €7,254 | -€10,352 | -58.8% |
| Plant, machinery and equipment | 23 | €1,408 | €766 | -€641 | -45.6% |
| Furniture and vehicles | 24 | €16,198 | €6,487 | -€9,711 | -60.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €56,462 | €32,724 | -€23,739 | -42.0% |
| Amounts receivable within one year | 40/41 | €11,030 | €22,393 | +€11,363 | +103.0% |
| Trade receivables | 40 | €4,035 | €4,035 | = | 0.0% |
| Other amounts receivable | 41 | €6,996 | €18,358 | +€11,363 | +162.4% |
| Cash at bank and in hand | 54/58 | €45,432 | €10,330 | -€35,102 | -77.3% |
| Total equity and liabilities | 10/49 | €74,068 | €39,977 | -€34,091 | -46.0% |
| Equity | 10/15 | €51,155 | €22,965 | -€28,190 | -55.1% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,156 | -€44,345 | -€28,190 | -174.5% |
| Amounts payable | 17/49 | €22,914 | €17,012 | -€5,901 | -25.8% |
| Amounts payable after more than one year | 17 | €4,141 | €0 | -€4,141 | -100.0% |
| Financial debts | 170/4 | €4,141 | €0 | -€4,141 | -100.0% |
| Amounts payable within one year | 42/48 | €18,772 | €17,012 | -€1,760 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €8,680 | €4,141 | -€4,539 | -52.3% |
| Trade debts | 44 | €2,999 | €6,894 | +€3,895 | +129.9% |
| Suppliers | 440/4 | €2,999 | €6,894 | +€3,895 | +129.9% |
| Taxes, remuneration and social security | 45 | €7,094 | €5,977 | -€1,117 | -15.7% |
| Taxes | 450/3 | €7,094 | €5,977 | -€1,117 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,375 | €10,352 | -€23 | -0.2% |
| Other operating charges | 640/8 | €920 | €1,410 | +€490 | +53.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €55,866 | -€15,640 | -€71,507 | |
| Operating profit (loss) | 9901 | €44,572 | -€27,402 | -€71,974 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €737 | €787 | +€50 | +6.8% |
| Recurring financial charges | 65 | €737 | €787 | +€50 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €43,835 | -€28,190 | -€72,024 | |
| Income taxes | 67/77 | €15,410 | €0 | -€15,410 | -100.0% |
| Profit (loss) for the period | 9904 | €28,425 | -€28,190 | -€56,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,425 | -€28,190 | -€56,615 |
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 11 October 2026 via checked.be.