Quercus Risk & Capital: 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.
Quercus Risk & Capital
Largest movements
- Cash +€92,764
up €92,764 (+162%), from €57,246 to €150,010
mainly Net result for the year (+€208,736) and Tax, wage and social debts (+€85,968)
- Receivables within one year +€21,189
up €21,189 (+101%), from €21,053 to €42,241
of which Other amounts receivable: +€25,000
- Deferred charges and accrued income +€4,749
up €4,749 (+57.6%), from €8,243 to €12,992
- Tangible fixed assets +€4,108
up €4,108 (+120%), from €3,426 to €7,534
- Tax, wage and social debts +€85,968
up €85,968 (+10,052%), from €855 to €86,823
- Profit (loss) carried forward +€43,736
up €43,736 (+313%), from €13,989 to €57,726
- Other debts -€6,346
down €6,346 (-54.6%), from €11,615 to €5,269
- Accrued charges and deferred income -€4,387
no longer reported in 2024 (was €4,387)
- Short-term financial debts +€3,112
up €3,112 (+876%), from €355 to €3,467
- Gross operating margin +€206,436
up €206,436 (+455%), from €45,322 to €251,758
- Taxes +€26,468
up €26,468 (+244%), from €10,855 to €37,323
- Depreciation +€3,388
up €3,388 (+205%), from €1,652 to €5,040
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 | €93,373 | €215,969 | +€122,595 | +131% |
| Fixed assets | 21/28 | €6,831 | €10,725 | +€3,894 | +57.0% |
| Tangible fixed assets | 22/27 | €3,426 | €7,534 | +€4,108 | +120% |
| Furniture and vehicles | 24 | €3,426 | €7,534 | +€4,108 | +120% |
| Financial fixed assets | 28 | €3,406 | €3,191 | -€215 | -6.3% |
| Current assets | 29/58 | €86,542 | €205,244 | +€118,702 | +137% |
| Amounts receivable within one year | 40/41 | €21,053 | €42,241 | +€21,189 | +101% |
| Trade receivables | 40 | €21,053 | €17,241 | -€3,811 | -18.1% |
| Other amounts receivable | 41 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €57,246 | €150,010 | +€92,764 | +162% |
| Deferred charges and accrued income | 490/1 | €8,243 | €12,992 | +€4,749 | +57.6% |
| Total equity and liabilities | 10/49 | €93,373 | €215,969 | +€122,595 | +131% |
| Equity | 10/15 | €74,441 | €118,177 | +€43,736 | +58.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €41,859 | €41,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,989 | €57,726 | +€43,736 | +313% |
| Amounts payable | 17/49 | €18,933 | €97,792 | +€78,859 | +417% |
| Amounts payable within one year | 42/48 | €14,546 | €97,792 | +€83,246 | +572% |
| Financial debts | 43 | €355 | €3,467 | +€3,112 | +876% |
| Credit institutions | 430/8 | €355 | €3,467 | +€3,112 | +876% |
| Trade debts | 44 | €1,720 | €2,232 | +€512 | +29.8% |
| Suppliers | 440/4 | €1,720 | €2,232 | +€512 | +29.8% |
| Taxes, remuneration and social security | 45 | €855 | €86,823 | +€85,968 | +10,052% |
| Taxes | 450/3 | €855 | €86,823 | +€85,968 | +10,052% |
| Other amounts payable | 47/48 | €11,615 | €5,269 | -€6,346 | -54.6% |
| Accrued charges and deferred income | 492/3 | €4,387 | - | -€4,387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,652 | €5,040 | +€3,388 | +205% |
| Other operating charges | 640/8 | €454 | €520 | +€66 | +14.5% |
| Gross operating margin | 9900 | €45,322 | €251,758 | +€206,436 | +455% |
| Operating profit (loss) | 9901 | €43,216 | €246,198 | +€202,982 | +470% |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €142 | €138 | -€3 | -2.4% |
| Recurring financial charges | 65 | €142 | €138 | -€3 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €43,137 | €246,059 | +€202,922 | +470% |
| Income taxes | 67/77 | €10,855 | €37,323 | +€26,468 | +244% |
| Profit (loss) for the period | 9904 | €32,282 | €208,736 | +€176,454 | +547% |
| Profit (loss) for the period to be appropriated | 9905 | €32,282 | €208,736 | +€176,454 | +547% |
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 27 October 2026 via checked.be.