QUEENSBERG: what changed
QUEENSBERG
Largest movements
- Tangible fixed assets +€116,770
up €116,770 (+544%), from €21,452 to €138,221
of which Furniture and vehicles: +€116,222
- Receivables within one year -€34,299
down €34,299 (-99.6%), from €34,436 to €137
of which Trade receivables: -€34,436
- Cash +€4,517
up €4,517 (+26.6%), from €16,999 to €21,516
mainly Debts after one year (+€62,284) and Receivables within one year (+€34,299)
- Deferred charges and accrued income +€3,932
new in 2024: €3,932
- Debts after one year +€62,284
up €62,284 (+478%), from €13,037 to €75,322
- Other debts +€32,890
up €32,890 (+66.2%), from €49,710 to €82,601
- Profit (loss) carried forward -€22,912
down €22,912 (-116%), from -€19,683 to -€42,595
- Current portion of long-term debt +€12,239
up €12,239 (+210%), from €5,823 to €18,062
- Tax, wage and social debts +€3,754
up €3,754 (+12.7%), from €29,579 to €33,334
of which Taxes: +€3,279
- Gross operating margin +€35,803
up €35,803 (+34.2%), from €104,829 to €140,632
- Staff costs +€33,658
up €33,658 (+32.6%), from €103,366 to €137,024
- Depreciation +€12,578
up €12,578 (+1,262%), from €996 to €13,574
- Other operating charges +€8,224
up €8,224 (+1,578%), from €521 to €8,746
- Financial charges +€2,892
up €2,892 (+362%), from €798 to €3,691
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,524 | €175,836 | +€90,312 | +106% |
| Fixed assets | 21/28 | €21,652 | €138,421 | +€116,770 | +539% |
| Tangible fixed assets | 22/27 | €21,452 | €138,221 | +€116,770 | +544% |
| Plant, machinery and equipment | 23 | €648 | €1,196 | +€548 | +84.5% |
| Furniture and vehicles | 24 | €20,804 | €137,025 | +€116,222 | +559% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €63,873 | €37,415 | -€26,458 | -41.4% |
| Stocks and contracts in progress | 3 | €12,438 | €11,831 | -€607 | -4.9% |
| Stocks | 30/36 | €12,438 | €11,831 | -€607 | -4.9% |
| Amounts receivable within one year | 40/41 | €34,436 | €137 | -€34,299 | -99.6% |
| Trade receivables | 40 | €34,436 | €0 | -€34,436 | -100% |
| Other amounts receivable | 41 | - | €137 | +€137 | |
| Cash at bank and in hand | 54/58 | €16,999 | €21,516 | +€4,517 | +26.6% |
| Deferred charges and accrued income | 490/1 | - | €3,932 | +€3,932 | |
| Total equity and liabilities | 10/49 | €85,524 | €175,836 | +€90,312 | +106% |
| Equity | 10/15 | -€18,683 | -€41,595 | -€22,912 | -123% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,683 | -€42,595 | -€22,912 | -116% |
| Amounts payable | 17/49 | €104,208 | €217,431 | +€113,224 | +109% |
| Amounts payable after more than one year | 17 | €13,037 | €75,322 | +€62,284 | +478% |
| Financial debts | 170/4 | €13,037 | €75,322 | +€62,284 | +478% |
| Amounts payable within one year | 42/48 | €91,170 | €142,110 | +€50,939 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €5,823 | €18,062 | +€12,239 | +210% |
| Financial debts | 43 | €296 | €1,977 | +€1,680 | +567% |
| Credit institutions | 430/8 | €296 | €1,977 | +€1,680 | +567% |
| Trade debts | 44 | €5,762 | €6,137 | +€375 | +6.5% |
| Suppliers | 440/4 | €5,762 | €6,137 | +€375 | +6.5% |
| Taxes, remuneration and social security | 45 | €29,579 | €33,334 | +€3,754 | +12.7% |
| Taxes | 450/3 | €6,811 | €10,091 | +€3,279 | +48.1% |
| Remuneration and social security | 454/9 | €22,768 | €23,243 | +€475 | +2.1% |
| Other amounts payable | 47/48 | €49,710 | €82,601 | +€32,890 | +66.2% |
| Remuneration, social security and pensions | 62 | €103,366 | €137,024 | +€33,658 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996 | €13,574 | +€12,578 | +1,262% |
| Other operating charges | 640/8 | €521 | €8,746 | +€8,224 | +1,578% |
| Gross operating margin | 9900 | €104,829 | €140,632 | +€35,803 | +34.2% |
| Operating profit (loss) | 9901 | -€54 | -€18,711 | -€18,657 | -34,391% |
| Financial income | 75/76B | €70 | €63 | -€7 | -10.1% |
| Recurring financial income | 75 | €70 | €63 | -€7 | -10.1% |
| Financial charges | 65/66B | €798 | €3,691 | +€2,892 | +362% |
| Recurring financial charges | 65 | €798 | €3,691 | +€2,892 | +362% |
| Profit (loss) for the period before taxes | 9903 | -€783 | -€22,339 | -€21,556 | -2,754% |
| Income taxes | 67/77 | €480 | €573 | +€93 | +19.4% |
| Profit (loss) for the period | 9904 | -€1,263 | -€22,912 | -€21,649 | -1,715% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,263 | -€22,912 | -€21,649 | -1,715% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.