SAVE THE QUEEN: 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.
SAVE THE QUEEN
Largest movements
- Cash -€6,425
down €6,425 (-99.0%), from €6,488 to €63
mainly Trade debts (-€10,696) and Receivables within one year (-€3,846)
- Receivables within one year +€3,846
up €3,846 (+21.4%), from €18,010 to €21,856
of which Trade receivables: +€7,378
- Tangible fixed assets -€3,036
down €3,036 (-44.7%), from €6,796 to €3,760
of which Furniture and vehicles: -€1,651
- Trade debts -€10,696
down €10,696 (-100%), from €10,696 to €0
- Other debts +€4,074
up €4,074 (+5.8%), from €70,802 to €74,876
- Profit (loss) carried forward +€3,707
up €3,707 (+4.2%), from -€87,831 to -€84,125
- Current portion of long-term debt -€3,553
down €3,553 (-100%), from €3,553 to €0
- Short-term financial debts +€3,116
new in 2024: €3,116
- Gross operating margin +€61,372
up €61,372, from -€34,178 to €27,194
- Other operating charges +€17,441
up €17,441 (+791%), from €2,204 to €19,645
- Depreciation -€803
down €803 (-20.9%), from €3,839 to €3,036
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 | €33,081 | €27,287 | -€5,794 | -17.5% |
| Fixed assets | 21/28 | €8,405 | €5,369 | -€3,036 | -36.1% |
| Tangible fixed assets | 22/27 | €6,796 | €3,760 | -€3,036 | -44.7% |
| Plant, machinery and equipment | 23 | €1,296 | €873 | -€423 | -32.7% |
| Furniture and vehicles | 24 | €1,760 | €110 | -€1,651 | -93.8% |
| Other tangible fixed assets | 26 | €3,740 | €2,778 | -€962 | -25.7% |
| Financial fixed assets | 28 | €1,609 | €1,609 | = | 0.0% |
| Current assets | 29/58 | €24,676 | €21,918 | -€2,758 | -11.2% |
| Amounts receivable within one year | 40/41 | €18,010 | €21,856 | +€3,846 | +21.4% |
| Trade receivables | 40 | €14,478 | €21,856 | +€7,378 | +51.0% |
| Other amounts receivable | 41 | €3,532 | €0 | -€3,532 | -100% |
| Cash at bank and in hand | 54/58 | €6,488 | €63 | -€6,425 | -99.0% |
| Deferred charges and accrued income | 490/1 | €179 | €0 | -€179 | -100% |
| Total equity and liabilities | 10/49 | €33,081 | €27,287 | -€5,794 | -17.5% |
| Equity | 10/15 | -€66,702 | -€62,995 | +€3,707 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €14,929 | €14,929 | = | 0.0% |
| Distributable reserves | 133 | €14,929 | €14,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,831 | -€84,125 | +€3,707 | +4.2% |
| Amounts payable | 17/49 | €99,783 | €90,282 | -€9,501 | -9.5% |
| Amounts payable after more than one year | 17 | €12,290 | €12,290 | = | 0.0% |
| Financial debts | 170/4 | €2,100 | €12,290 | +€10,190 | +485% |
| Other amounts payable | 178/9 | €10,190 | - | -€10,190 | |
| Amounts payable within one year | 42/48 | €87,493 | €77,992 | -€9,501 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €3,553 | €0 | -€3,553 | -100% |
| Financial debts | 43 | - | €3,116 | +€3,116 | |
| Credit institutions | 430/8 | - | €3,116 | +€3,116 | |
| Trade debts | 44 | €10,696 | €0 | -€10,696 | -100% |
| Suppliers | 440/4 | €10,696 | €0 | -€10,696 | -100% |
| Advances received on contracts in progress | 46 | €169 | €0 | -€169 | -100% |
| Taxes, remuneration and social security | 45 | €2,272 | €0 | -€2,272 | -100% |
| Taxes | 450/3 | €2,272 | €0 | -€2,272 | -100% |
| Other amounts payable | 47/48 | €70,802 | €74,876 | +€4,074 | +5.8% |
| Non-recurring operating income | 76A | €12,539 | - | -€12,539 | |
| Remuneration, social security and pensions | 62 | €23 | - | -€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,839 | €3,036 | -€803 | -20.9% |
| Other operating charges | 640/8 | €2,204 | €19,645 | +€17,441 | +791% |
| Gross operating margin | 9900 | -€34,178 | €27,194 | +€61,372 | |
| Operating profit (loss) | 9901 | -€40,243 | €4,514 | +€44,757 | |
| Financial charges | 65/66B | €920 | €807 | -€113 | -12.3% |
| Recurring financial charges | 65 | €920 | €807 | -€113 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,164 | €3,707 | +€44,870 | |
| Profit (loss) for the period | 9904 | -€41,164 | €3,707 | +€44,870 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,164 | €3,707 | +€44,870 |
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 16 October 2026 via checked.be.