D.V.M.: 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.
D.V.M.
Largest movements
- Tangible fixed assets -€49,896
down €49,896 (-12.7%), from €392,827 to €342,931
of which Land and buildings: -€33,745
- Receivables within one year +€36,273
up €36,273 (+85.2%), from €42,568 to €78,841
- Cash +€17,359
up €17,359 (+34.3%), from €50,597 to €67,956
- Reserves +€48,103
up €48,103 (+56.9%), from €84,550 to €132,653
of which Distributable reserves: +€48,103
- Debts after one year -€29,118
down €29,118 (-11.8%), from €247,439 to €218,322
- Current portion of long-term debt -€8,234
down €8,234 (-27.1%), from €30,367 to €22,134
- Tax, wage and social debts -€6,933
down €6,933 (-27.8%), from €24,981 to €18,048
of which Taxes: -€6,280
- Gross operating margin +€45,710
up €45,710 (+44.5%), from €102,617 to €148,327
- Taxes +€11,452
up €11,452 (+109%), from €10,537 to €21,989
- Depreciation +€9,274
up €9,274 (+18.4%), from €50,421 to €59,696
- Staff costs -€1,496
down €1,496 (-10.8%), from €13,838 to €12,342
From the 2021 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €502,234 | €502,467 | +€233 | 0.0% |
| Fixed assets | 21/28 | €392,877 | €342,981 | -€49,896 | -12.7% |
| Tangible fixed assets | 22/27 | €392,827 | €342,931 | -€49,896 | -12.7% |
| Land and buildings | 22 | €352,502 | €318,757 | -€33,745 | -9.6% |
| Plant, machinery and equipment | 23 | €19,447 | €11,437 | -€8,011 | -41.2% |
| Furniture and vehicles | 24 | €20,878 | €12,737 | -€8,140 | -39.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €109,357 | €159,486 | +€50,129 | +45.8% |
| Amounts receivable within one year | 40/41 | €42,568 | €78,841 | +€36,273 | +85.2% |
| Other amounts receivable | 41 | €42,568 | €78,841 | +€36,273 | +85.2% |
| Cash at bank and in hand | 54/58 | €50,597 | €67,956 | +€17,359 | +34.3% |
| Deferred charges and accrued income | 490/1 | €16,191 | €12,688 | -€3,504 | -21.6% |
| Total equity and liabilities | 10/49 | €502,234 | €502,467 | +€233 | 0.0% |
| Equity | 10/15 | €185,739 | €233,842 | +€48,103 | +25.9% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Reserves | 13 | €84,550 | €132,653 | +€48,103 | +56.9% |
| Non-distributable reserves | 130/1 | €291 | €291 | = | 0.0% |
| Reserves not available under the articles | 1311 | €291 | €291 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,322 | €40,322 | = | 0.0% |
| Distributable reserves | 133 | €43,937 | €92,040 | +€48,103 | +109% |
| Profit (loss) carried forward | 14 | €1,989 | €1,989 | = | 0.0% |
| Amounts payable | 17/49 | €316,495 | €268,625 | -€47,870 | -15.1% |
| Amounts payable after more than one year | 17 | €247,439 | €218,322 | -€29,118 | -11.8% |
| Financial debts | 170/4 | €247,439 | €218,322 | -€29,118 | -11.8% |
| Amounts payable within one year | 42/48 | €69,056 | €50,303 | -€18,753 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €30,367 | €22,134 | -€8,234 | -27.1% |
| Trade debts | 44 | €13,457 | €10,045 | -€3,412 | -25.4% |
| Suppliers | 440/4 | €13,457 | €10,045 | -€3,412 | -25.4% |
| Taxes, remuneration and social security | 45 | €24,981 | €18,048 | -€6,933 | -27.8% |
| Taxes | 450/3 | €20,381 | €14,101 | -€6,280 | -30.8% |
| Remuneration and social security | 454/9 | €4,601 | €3,947 | -€654 | -14.2% |
| Other amounts payable | 47/48 | €250 | €77 | -€173 | -69.2% |
| Remuneration, social security and pensions | 62 | €13,838 | €12,342 | -€1,496 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,421 | €59,696 | +€9,274 | +18.4% |
| Other operating charges | 640/8 | €7,038 | €7,888 | +€850 | +12.1% |
| Gross operating margin | 9900 | €102,617 | €148,327 | +€45,710 | +44.5% |
| Operating profit (loss) | 9901 | €31,319 | €68,402 | +€37,082 | +118% |
| Financial income | 75/76B | €4,885 | €4,221 | -€664 | -13.6% |
| Recurring financial income | 75 | €4,885 | €4,221 | -€664 | -13.6% |
| Financial charges | 65/66B | €3,726 | €2,530 | -€1,195 | -32.1% |
| Recurring financial charges | 65 | €3,722 | €2,530 | -€1,192 | -32.0% |
| Non-recurring financial charges | 66B | €4 | - | -€4 | |
| Profit (loss) for the period before taxes | 9903 | €32,479 | €70,092 | +€37,614 | +116% |
| Income taxes | 67/77 | €10,537 | €21,989 | +€11,452 | +109% |
| Profit (loss) for the period | 9904 | €21,942 | €48,103 | +€26,162 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €21,942 | €48,103 | +€26,162 | +119% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.