QUITEGOOD: 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.
QUITEGOOD
Largest movements
- Receivables within one year -€47,851
down €47,851 (-63.0%), from €75,912 to €28,061
of which Trade receivables: -€49,639
- Cash -€33,402
down €33,402 (-36.2%), from €92,305 to €58,903
mainly Net result for the year (-€78,592) and Trade debts (-€41,311)
- Tangible fixed assets -€5,756
down €5,756 (-4.5%), from €127,698 to €121,942
of which Furniture and vehicles: -€10,996
- Profit (loss) carried forward -€78,592
new in 2024: -€78,592
- Provisions +€43,043
new in 2024: €43,043
- Trade debts -€41,311
down €41,311 (-86.8%), from €47,573 to €6,262
- Other debts +€22,640
up €22,640 (+143%), from €15,817 to €38,457
- Accrued charges and deferred income -€14,875
no longer reported in 2024 (was €14,875)
- Gross operating margin -€72,896
down €72,896 (-79.6%), from €91,594 to €18,698
- Provisions +€70,370
up €70,370, from -€27,326 to €43,043
- Taxes -€18,419
down €18,419 (-87.3%), from €21,106 to €2,687
- Financial charges +€2,989
up €2,989 (+9.5%), from €31,553 to €34,541
of which Non-recurring financial charges: +€33,409
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 | €309,084 | €223,004 | -€86,080 | -27.9% |
| Fixed assets | 21/28 | €139,698 | €133,942 | -€5,756 | -4.1% |
| Tangible fixed assets | 22/27 | €127,698 | €121,942 | -€5,756 | -4.5% |
| Land and buildings | 22 | €100,121 | €105,361 | +€5,240 | +5.2% |
| Furniture and vehicles | 24 | €27,577 | €16,581 | -€10,996 | -39.9% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €169,386 | €89,062 | -€80,324 | -47.4% |
| Amounts receivable within one year | 40/41 | €75,912 | €28,061 | -€47,851 | -63.0% |
| Trade receivables | 40 | €74,388 | €24,749 | -€49,639 | -66.7% |
| Other amounts receivable | 41 | €1,524 | €3,313 | +€1,788 | +117% |
| Current investments | 50/53 | €20 | €20 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,305 | €58,903 | -€33,402 | -36.2% |
| Deferred charges and accrued income | 490/1 | €1,149 | €2,077 | +€929 | +80.8% |
| Total equity and liabilities | 10/49 | €309,084 | €223,004 | -€86,080 | -27.9% |
| Equity | 10/15 | €137,769 | €49,512 | -€88,256 | -64.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,169 | €109,505 | -€9,664 | -8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €117,309 | €107,645 | -€9,664 | -8.2% |
| Profit (loss) carried forward | 14 | - | -€78,592 | -€78,592 | |
| Provisions and deferred taxes | 16 | - | €43,043 | +€43,043 | |
| Provisions for liabilities and charges | 160/5 | - | €43,043 | +€43,043 | |
| Other liabilities and charges | 164/5 | - | €43,043 | +€43,043 | |
| Amounts payable | 17/49 | €171,315 | €130,448 | -€40,867 | -23.9% |
| Amounts payable after more than one year | 17 | €49,759 | €42,507 | -€7,252 | -14.6% |
| Financial debts | 170/4 | €49,759 | €42,507 | -€7,252 | -14.6% |
| Amounts payable within one year | 42/48 | €106,682 | €87,941 | -€18,741 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €7,146 | €7,252 | +€106 | +1.5% |
| Trade debts | 44 | €47,573 | €6,262 | -€41,311 | -86.8% |
| Suppliers | 440/4 | €47,573 | €6,262 | -€41,311 | -86.8% |
| Advances received on contracts in progress | 46 | €22,141 | €22,141 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,004 | €13,828 | -€176 | -1.3% |
| Taxes | 450/3 | €14,004 | €13,828 | -€176 | -1.3% |
| Other amounts payable | 47/48 | €15,817 | €38,457 | +€22,640 | +143% |
| Accrued charges and deferred income | 492/3 | €14,875 | - | -€14,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,769 | €15,722 | -€47 | -0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€27,326 | €43,043 | +€70,370 | |
| Other operating charges | 640/8 | €789 | €775 | -€14 | -1.7% |
| Non-recurring operating charges | 66A | - | €524 | +€524 | |
| Gross operating margin | 9900 | €91,594 | €18,698 | -€72,896 | -79.6% |
| Operating profit (loss) | 9901 | €102,362 | -€41,367 | -€143,729 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €31,553 | €34,541 | +€2,989 | +9.5% |
| Recurring financial charges | 65 | €31,553 | €1,132 | -€30,420 | -96.4% |
| Non-recurring financial charges | 66B | - | €33,409 | +€33,409 | |
| Profit (loss) for the period before taxes | 9903 | €70,810 | -€75,905 | -€146,715 | |
| Income taxes | 67/77 | €21,106 | €2,687 | -€18,419 | -87.3% |
| Profit (loss) for the period | 9904 | €49,703 | -€78,592 | -€128,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,703 | -€78,592 | -€128,295 |
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 19 October 2026 via checked.be.