VQB: 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.
VQB
Largest movements
- Cash +€9,997
up €9,997 (+316%), from €3,168 to €13,166
mainly Net result for the year (+€5,121) and Investment in fixed assets (net) (+€3,107)
- Tangible fixed assets -€4,097
down €4,097 (-94.1%), from €4,352 to €256
- Receivables within one year -€450
down €450 (-2.8%), from €16,077 to €15,627
of which Other amounts receivable: -€502
- Reserves +€5,121
up €5,121 (+109%), from €4,693 to €9,814
of which Distributable reserves: +€5,121
- Debts after one year -€3,079
down €3,079 (-66.4%), from €4,638 to €1,560
- Current portion of long-term debt +€3,079
up €3,079 (+84.4%), from €3,647 to €6,726
- Gross operating margin +€21,815
up €21,815, from -€15,199 to €6,616
- Depreciation -€456
down €456 (-31.6%), from €1,446 to €990
- Other operating charges -€438
down €438 (-56.0%), from €782 to €344
- Financial charges -€238
down €238 (-59.8%), from €399 to €160
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 | €33,673 | €39,124 | +€5,451 | +16.2% |
| Fixed assets | 21/28 | €4,427 | €331 | -€4,097 | -92.5% |
| Tangible fixed assets | 22/27 | €4,352 | €256 | -€4,097 | -94.1% |
| Furniture and vehicles | 24 | €4,352 | €256 | -€4,097 | -94.1% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €29,245 | €38,793 | +€9,548 | +32.6% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,077 | €15,627 | -€450 | -2.8% |
| Trade receivables | 40 | €4,899 | €4,951 | +€52 | +1.1% |
| Other amounts receivable | 41 | €11,178 | €10,676 | -€502 | -4.5% |
| Cash at bank and in hand | 54/58 | €3,168 | €13,166 | +€9,997 | +316% |
| Total equity and liabilities | 10/49 | €33,673 | €39,124 | +€5,451 | +16.2% |
| Equity | 10/15 | €23,293 | €28,414 | +€5,121 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,693 | €9,814 | +€5,121 | +109% |
| 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 | €2,833 | €7,954 | +€5,121 | +181% |
| Amounts payable | 17/49 | €10,380 | €10,709 | +€330 | +3.2% |
| Amounts payable after more than one year | 17 | €4,638 | €1,560 | -€3,079 | -66.4% |
| Financial debts | 170/4 | €4,638 | €1,560 | -€3,079 | -66.4% |
| Amounts payable within one year | 42/48 | €5,741 | €9,150 | +€3,408 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €3,647 | €6,726 | +€3,079 | +84.4% |
| Trade debts | 44 | €1,807 | €2,137 | +€330 | +18.2% |
| Suppliers | 440/4 | €1,807 | €2,137 | +€330 | +18.2% |
| Taxes, remuneration and social security | 45 | €287 | €287 | = | 0.0% |
| Taxes | 450/3 | €287 | €287 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €990 | -€456 | -31.6% |
| Other operating charges | 640/8 | €782 | €344 | -€438 | -56.0% |
| Gross operating margin | 9900 | -€15,199 | €6,616 | +€21,815 | |
| Operating profit (loss) | 9901 | -€17,427 | €5,282 | +€22,709 | |
| Financial charges | 65/66B | €399 | €160 | -€238 | -59.8% |
| Recurring financial charges | 65 | €399 | €160 | -€238 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,825 | €5,121 | +€22,947 | |
| Profit (loss) for the period | 9904 | -€17,825 | €5,121 | +€22,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,825 | €5,121 | +€22,947 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.