Quivvy Solutions: what changed
Quivvy Solutions
Largest movements
- Intangible fixed assets +€292,995
up €292,995 (+144%), from €203,237 to €496,231
- Receivables within one year -€40,133
down €40,133 (-50.7%), from €79,095 to €38,962
of which Trade receivables: -€37,518
- Tangible fixed assets +€7,451
up €7,451 (+157%), from €4,753 to €12,204
of which Other tangible fixed assets: +€5,018
- Cash -€6,871
down €6,871 (-59.8%), from €11,496 to €4,624
mainly Investment in fixed assets (net) (-€368,517) and Deferred charges and accrued income (-€6,407)
- Deferred charges and accrued income +€6,407
up €6,407 (+5,571%), from €115 to €6,522
- Contributions +€150,120
up €150,120 (+3,002%), from €5,000 to €155,120
- Trade debts +€48,762
up €48,762 (+60.4%), from €80,674 to €129,436
- Other debts +€33,498
up €33,498 (+37.2%), from €90,087 to €123,585
- Debts after one year +€12,843
up €12,843 (+20.0%), from €64,328 to €77,171
- Tax, wage and social debts +€8,465
up €8,465 (+30.3%), from €27,930 to €36,395
of which Remuneration and social security: +€15,758
- Purchases and services +€643,729
new in 2026: €643,729
- Turnover +€509,452
new in 2026: €509,452
- Gross operating margin +€151,787
up €151,787 (+164%), from €92,825 to €244,611
- Staff costs +€102,410
up €102,410 (+162%), from €63,317 to €165,727
- Depreciation +€45,829
up €45,829 (+206%), from €22,242 to €68,072
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,695 | €558,544 | +€259,849 | +87.0% |
| Fixed assets | 21/28 | €207,989 | €508,435 | +€300,446 | +144% |
| Intangible fixed assets | 21 | €203,237 | €496,231 | +€292,995 | +144% |
| Tangible fixed assets | 22/27 | €4,753 | €12,204 | +€7,451 | +157% |
| Plant, machinery and equipment | 23 | €1,103 | €864 | -€240 | -21.7% |
| Furniture and vehicles | 24 | €2,443 | €5,116 | +€2,673 | +109% |
| Other tangible fixed assets | 26 | €1,207 | €6,224 | +€5,018 | +416% |
| Current assets | 29/58 | €90,706 | €50,109 | -€40,597 | -44.8% |
| Amounts receivable within one year | 40/41 | €79,095 | €38,962 | -€40,133 | -50.7% |
| Trade receivables | 40 | €76,334 | €38,815 | -€37,518 | -49.2% |
| Other amounts receivable | 41 | €2,762 | €147 | -€2,615 | -94.7% |
| Cash at bank and in hand | 54/58 | €11,496 | €4,624 | -€6,871 | -59.8% |
| Deferred charges and accrued income | 490/1 | €115 | €6,522 | +€6,407 | +5,571% |
| Total equity and liabilities | 10/49 | €298,695 | €558,544 | +€259,849 | +87.0% |
| Equity | 10/15 | €21,969 | €178,071 | +€156,101 | +711% |
| Contributions | 10/11 | €5,000 | €155,120 | +€150,120 | +3,002% |
| Reserves | 13 | €14,538 | €14,538 | = | 0.0% |
| Distributable reserves | 133 | €14,538 | €14,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,432 | €8,413 | +€5,981 | +246% |
| Amounts payable | 17/49 | €276,726 | €380,473 | +€103,747 | +37.5% |
| Amounts payable after more than one year | 17 | €64,328 | €77,171 | +€12,843 | +20.0% |
| Financial debts | 170/4 | €64,328 | €77,171 | +€12,843 | +20.0% |
| Amounts payable within one year | 42/48 | €212,398 | €303,302 | +€90,904 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €10,672 | €12,157 | +€1,485 | +13.9% |
| Financial debts | 43 | €3,036 | €1,730 | -€1,305 | -43.0% |
| Credit institutions | 430/8 | - | €1,730 | +€1,730 | |
| Other loans | 439 | €3,036 | - | -€3,036 | |
| Trade debts | 44 | €80,674 | €129,436 | +€48,762 | +60.4% |
| Suppliers | 440/4 | €80,674 | €129,436 | +€48,762 | +60.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €27,930 | €36,395 | +€8,465 | +30.3% |
| Taxes | 450/3 | €10,818 | €3,525 | -€7,293 | -67.4% |
| Remuneration and social security | 454/9 | €17,111 | €32,870 | +€15,758 | +92.1% |
| Other amounts payable | 47/48 | €90,087 | €123,585 | +€33,498 | +37.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €509,452 | +€509,452 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €643,729 | +€643,729 | |
| Remuneration, social security and pensions | 62 | €63,317 | €165,727 | +€102,410 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,242 | €68,072 | +€45,829 | +206% |
| Other operating charges | 640/8 | €528 | €1,304 | +€776 | +147% |
| Gross operating margin | 9900 | €92,825 | €244,611 | +€151,787 | +164% |
| Operating profit (loss) | 9901 | €6,737 | €9,509 | +€2,772 | +41.1% |
| Financial income | 75/76B | €142 | €728 | +€586 | +412% |
| Recurring financial income | 75 | €142 | €728 | +€586 | +412% |
| Financial charges | 65/66B | €4,184 | €4,256 | +€72 | +1.7% |
| Recurring financial charges | 65 | €4,184 | €4,256 | +€72 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €2,696 | €5,981 | +€3,286 | +122% |
| Income taxes | 67/77 | €264 | - | -€264 | |
| Profit (loss) for the period | 9904 | €2,432 | €5,981 | +€3,550 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €2,432 | €5,981 | +€3,550 | +146% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.