QUIVER: what changed
Two fiscal 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.
QUIVER
Largest movements
- Cash -€365,665
down €365,665 (-78.5%), from €465,818 to €100,153
mainly Current investments (-€350,000) and Investment in fixed assets (net) (-€347,321)
- Current investments +€350,000
new in 2023: €350,000
- Intangible fixed assets +€86,418
up €86,418 (+90.3%), from €95,710 to €182,127
- Tangible fixed assets +€70,300
up €70,300 (+13.7%), from €511,785 to €582,086
of which Furniture and vehicles: +€91,420
- Receivables within one year +€51,282
up €51,282 (+54.4%), from €94,337 to €145,620
of which Other amounts receivable: +€30,833
- Other debts +€131,963
up €131,963 (+28.4%), from €464,156 to €596,119
- Tax, wage and social debts +€20,156
up €20,156 (+67.1%), from €30,060 to €50,216
of which Taxes: +€17,426
- Reserves +€17,169
up €17,169 (+2.2%), from €765,894 to €783,062
of which Distributable reserves: +€19,029
- Gross operating margin +€225,087
up €225,087 (+46.5%), from €483,712 to €708,799
- Depreciation +€93,148
up €93,148 (+95.6%), from €97,455 to €190,603
- Staff costs +€58,742
up €58,742 (+30.5%), from €192,532 to €251,274
- Taxes +€19,277
up €19,277 (+30.5%), from €63,149 to €82,426
- Other operating charges +€15,822
up €15,822 (+351.6%), from €4,500 to €20,321
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,401,907 | €1,584,986 | +€183,079 | +13.1% |
| Fixed assets | 21/28 | €607,495 | €764,213 | +€156,718 | +25.8% |
| Intangible fixed assets | 21 | €95,710 | €182,127 | +€86,418 | +90.3% |
| Tangible fixed assets | 22/27 | €511,785 | €582,086 | +€70,300 | +13.7% |
| Land and buildings | 22 | €412,699 | €391,645 | -€21,054 | -5.1% |
| Plant, machinery and equipment | 23 | €13,578 | €13,513 | -€65 | -0.5% |
| Furniture and vehicles | 24 | €85,508 | €176,928 | +€91,420 | +106.9% |
| Current assets | 29/58 | €794,412 | €820,773 | +€26,361 | +3.3% |
| Amounts receivable after more than one year | 29 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 291 | €225,000 | €225,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,337 | €145,620 | +€51,282 | +54.4% |
| Trade receivables | 40 | €74,242 | €94,692 | +€20,450 | +27.5% |
| Other amounts receivable | 41 | €20,095 | €50,928 | +€30,833 | +153.4% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €465,818 | €100,153 | -€365,665 | -78.5% |
| Deferred charges and accrued income | 490/1 | €9,256 | €0 | -€9,256 | -100.0% |
| Total equity and liabilities | 10/49 | €1,401,907 | €1,584,986 | +€183,079 | +13.1% |
| Equity | 10/15 | €800,877 | €818,046 | +€17,169 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €765,894 | €783,062 | +€17,169 | +2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €764,034 | €783,062 | +€19,029 | +2.5% |
| Profit (loss) carried forward | 14 | €22,583 | €22,583 | = | 0.0% |
| Amounts payable | 17/49 | €601,030 | €766,941 | +€165,910 | +27.6% |
| Amounts payable within one year | 42/48 | €526,735 | €694,310 | +€167,575 | +31.8% |
| Trade debts | 44 | €32,518 | €47,975 | +€15,456 | +47.5% |
| Suppliers | 440/4 | €32,518 | €47,975 | +€15,456 | +47.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,060 | €50,216 | +€20,156 | +67.1% |
| Taxes | 450/3 | €13,149 | €30,575 | +€17,426 | +132.5% |
| Remuneration and social security | 454/9 | €16,911 | €19,641 | +€2,730 | +16.1% |
| Other amounts payable | 47/48 | €464,156 | €596,119 | +€131,963 | +28.4% |
| Accrued charges and deferred income | 492/3 | €74,295 | €72,630 | -€1,665 | -2.2% |
| Non-recurring operating income | 76A | €79,437 | €0 | -€79,437 | -100.0% |
| Remuneration, social security and pensions | 62 | €192,532 | €251,274 | +€58,742 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,455 | €190,603 | +€93,148 | +95.6% |
| Other operating charges | 640/8 | €4,500 | €20,321 | +€15,822 | +351.6% |
| Gross operating margin | 9900 | €483,712 | €708,799 | +€225,087 | +46.5% |
| Operating profit (loss) | 9901 | €189,226 | €246,601 | +€57,375 | +30.3% |
| Financial income | 75/76B | €4,950 | €2,673 | -€2,277 | -46.0% |
| Recurring financial income | 75 | €4,950 | €2,673 | -€2,277 | -46.0% |
| Financial charges | 65/66B | €351 | €822 | +€472 | +134.6% |
| Recurring financial charges | 65 | €351 | €822 | +€472 | +134.6% |
| Profit (loss) for the period before taxes | 9903 | €193,825 | €248,452 | +€54,627 | +28.2% |
| Income taxes | 67/77 | €63,149 | €82,426 | +€19,277 | +30.5% |
| Profit (loss) for the period | 9904 | €130,676 | €166,026 | +€35,350 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €130,676 | €166,026 | +€35,350 | +27.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.