Shiver: 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.
Shiver
Largest movements
- Receivables within one year +€408,657
up €408,657 (+39.8%), from €1.0m to €1.4m
of which Trade receivables: +€407,657
- Stocks and contracts +€244,707
up €244,707 (+154%), from €158,915 to €403,622
- Cash +€213,833
up €213,833 (+487%), from €43,949 to €257,782
mainly Net result for the year (+€1.3m) and Trade debts (+€441,704)
- Tangible fixed assets +€135,999
up €135,999 (+131%), from €103,715 to €239,714
of which Plant, machinery and equipment: +€135,999
- Profit (loss) carried forward +€1.3m
up €1.3m, from -€1.3m to €47,223
- Debts after one year -€934,878
down €934,878 (-100%), from €934,878 to €0
of which Other amounts payable: -€900,000
- Trade debts +€441,704
up €441,704 (+75.3%), from €586,347 to €1.0m
- Tax, wage and social debts +€117,831
up €117,831 (+65.6%), from €179,565 to €297,396
of which Taxes: +€133,803
- Accrued charges and deferred income +€25,777
up €25,777 (+94.3%), from €27,339 to €53,116
- Gross operating margin +€1.1m
up €1.1m (+144%), from €798,140 to €1.9m
- Write-downs -€38,988
down €38,988 (-100%), from €38,988 to €0
- Staff costs +€36,562
up €36,562 (+7.9%), from €462,676 to €499,239
- Other operating charges +€21,283
up €21,283 (+582%), from €3,654 to €24,938
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 | €1,359,459 | €2,350,786 | +€991,327 | +72.9% |
| Fixed assets | 21/28 | €129,144 | €253,275 | +€124,131 | +96.1% |
| Intangible fixed assets | 21 | €25,429 | €13,561 | -€11,868 | -46.7% |
| Tangible fixed assets | 22/27 | €103,715 | €239,714 | +€135,999 | +131% |
| Plant, machinery and equipment | 23 | €103,715 | €239,714 | +€135,999 | +131% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €1,230,315 | €2,097,511 | +€867,197 | +70.5% |
| Stocks and contracts in progress | 3 | €158,915 | €403,622 | +€244,707 | +154% |
| Stocks | 30/36 | €158,915 | €403,622 | +€244,707 | +154% |
| Amounts receivable within one year | 40/41 | €1,027,450 | €1,436,108 | +€408,657 | +39.8% |
| Trade receivables | 40 | €1,027,450 | €1,435,108 | +€407,657 | +39.7% |
| Other amounts receivable | 41 | €0 | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €43,949 | €257,782 | +€213,833 | +487% |
| Total equity and liabilities | 10/49 | €1,359,459 | €2,350,786 | +€991,327 | +72.9% |
| Equity | 10/15 | -€368,670 | €972,223 | +€1.3m | |
| Contributions | 10/11 | €925,000 | €925,000 | = | 0.0% |
| Capital | 10 | €925,000 | €925,000 | = | 0.0% |
| Issued capital | 100 | €925,000 | €925,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,293,670 | €47,223 | +€1.3m | |
| Amounts payable | 17/49 | €1,728,128 | €1,378,563 | -€349,566 | -20.2% |
| Amounts payable after more than one year | 17 | €934,878 | €0 | -€934,878 | -100% |
| Financial debts | 170/4 | €34,878 | €0 | -€34,878 | -100% |
| Other amounts payable | 178/9 | €900,000 | €0 | -€900,000 | -100% |
| Amounts payable within one year | 42/48 | €765,912 | €1,325,447 | +€559,535 | +73.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €586,347 | €1,028,052 | +€441,704 | +75.3% |
| Suppliers | 440/4 | €586,347 | €1,028,052 | +€441,704 | +75.3% |
| Taxes, remuneration and social security | 45 | €179,565 | €297,396 | +€117,831 | +65.6% |
| Taxes | 450/3 | €97,032 | €230,834 | +€133,803 | +138% |
| Remuneration and social security | 454/9 | €82,533 | €66,561 | -€15,972 | -19.4% |
| Accrued charges and deferred income | 492/3 | €27,339 | €53,116 | +€25,777 | +94.3% |
| Non-recurring operating income | 76A | - | €295 | +€295 | |
| Remuneration, social security and pensions | 62 | €462,676 | €499,239 | +€36,562 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,220 | €56,187 | +€16,966 | +43.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,988 | €0 | -€38,988 | -100% |
| Other operating charges | 640/8 | €3,654 | €24,938 | +€21,283 | +582% |
| Non-recurring operating charges | 66A | €11,345 | €0 | -€11,345 | -100% |
| Gross operating margin | 9900 | €798,140 | €1,946,348 | +€1.1m | +144% |
| Operating profit (loss) | 9901 | €242,256 | €1,365,985 | +€1.1m | +464% |
| Financial income | 75/76B | €24 | €5,420 | +€5,397 | +22,888% |
| Recurring financial income | 75 | €24 | €5,420 | +€5,397 | +22,888% |
| Financial charges | 65/66B | €21,659 | €29,716 | +€8,057 | +37.2% |
| Recurring financial charges | 65 | €19,085 | €29,716 | +€10,631 | +55.7% |
| Non-recurring financial charges | 66B | €2,575 | €0 | -€2,575 | -100% |
| Profit (loss) for the period before taxes | 9903 | €220,620 | €1,341,689 | +€1.1m | +508% |
| Income taxes | 67/77 | €876 | €797 | -€79 | -9.0% |
| Profit (loss) for the period | 9904 | €219,744 | €1,340,893 | +€1.1m | +510% |
| Profit (loss) for the period to be appropriated | 9905 | €219,744 | €1,340,893 | +€1.1m | +510% |
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 21 October 2026 via checked.be.