QUIVE: 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.
QUIVE
Largest movements
- Tangible fixed assets +€39,846
new in 2022: €39,846
- Cash -€9,287
down €9,287 (-34.2%), from €27,171 to €17,884
mainly Investment in fixed assets (net) (-€40,744) and Trade debts (-€4,578)
- Receivables within one year +€3,251
up €3,251 (+434%), from €749 to €4,000
- Deferred charges and accrued income +€2,475
new in 2022: €2,475
- Reserves +€31,500
up €31,500 (+3,166%), from €995 to €32,495
of which Distributable reserves: +€31,500
- Tax, wage and social debts +€8,606
up €8,606 (+96.0%), from €8,969 to €17,575
- Trade debts -€4,578
down €4,578 (-62.3%), from €7,349 to €2,771
- Other debts +€972
new in 2022: €972
- Turnover +€79,310
up €79,310 (+100.0%), from €79,330 to €158,640
- Gross operating margin +€43,456
up €43,456 (+2,613%), from €1,663 to €45,119
- Purchases and services +€35,856
up €35,856 (+46.2%), from €77,666 to €113,522
- Taxes +€11,793
up €11,793 (+1,773%), from €665 to €12,458
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,920 | €64,205 | +€36,285 | +130% |
| Fixed assets | 21/28 | - | €39,846 | +€39,846 | |
| Tangible fixed assets | 22/27 | - | €39,846 | +€39,846 | |
| Furniture and vehicles | 24 | - | €39,846 | +€39,846 | |
| Current assets | 29/58 | €27,920 | €24,359 | -€3,561 | -12.8% |
| Amounts receivable within one year | 40/41 | €749 | €4,000 | +€3,251 | +434% |
| Other amounts receivable | 41 | €749 | €4,000 | +€3,251 | +434% |
| Cash at bank and in hand | 54/58 | €27,171 | €17,884 | -€9,287 | -34.2% |
| Deferred charges and accrued income | 490/1 | - | €2,475 | +€2,475 | |
| Total equity and liabilities | 10/49 | €27,920 | €64,205 | +€36,285 | +130% |
| Equity | 10/15 | €10,998 | €42,601 | +€31,603 | +287% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €995 | €32,495 | +€31,500 | +3,166% |
| Non-distributable reserves | 130/1 | €55 | €55 | = | 0.0% |
| Reserves not available under the articles | 1311 | €55 | €55 | = | 0.0% |
| Distributable reserves | 133 | €940 | €32,440 | +€31,500 | +3,351% |
| Profit (loss) carried forward | 14 | €3 | €106 | +€103 | +3,433% |
| Amounts payable | 17/49 | €16,922 | €21,604 | +€4,682 | +27.7% |
| Amounts payable within one year | 42/48 | €16,318 | €21,318 | +€5,000 | +30.6% |
| Trade debts | 44 | €7,349 | €2,771 | -€4,578 | -62.3% |
| Suppliers | 440/4 | €7,349 | €2,771 | -€4,578 | -62.3% |
| Taxes, remuneration and social security | 45 | €8,969 | €17,575 | +€8,606 | +96.0% |
| Taxes | 450/3 | €8,969 | €17,575 | +€8,606 | +96.0% |
| Other amounts payable | 47/48 | - | €972 | +€972 | |
| Accrued charges and deferred income | 492/3 | €604 | €286 | -€318 | -52.6% |
| Turnover | 70 | €79,330 | €158,640 | +€79,310 | +100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €77,666 | €113,522 | +€35,856 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €898 | +€898 | |
| Other operating charges | 640/8 | - | €295 | +€295 | |
| Gross operating margin | 9900 | €1,663 | €45,119 | +€43,456 | +2,613% |
| Operating profit (loss) | 9901 | €1,663 | €43,926 | +€42,263 | +2,541% |
| Financial income | 75/76B | - | €231 | +€231 | |
| Recurring financial income | 75 | - | €231 | +€231 | |
| Financial charges | 65/66B | - | €96 | +€96 | |
| Recurring financial charges | 65 | - | €96 | +€96 | |
| Profit (loss) for the period before taxes | 9903 | €1,663 | €44,061 | +€42,398 | +2,549% |
| Income taxes | 67/77 | €665 | €12,458 | +€11,793 | +1,773% |
| Profit (loss) for the period | 9904 | €998 | €31,603 | +€30,605 | +3,067% |
| Profit (loss) for the period to be appropriated | 9905 | €998 | €31,603 | +€30,605 | +3,067% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.