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
- Receivables within one year -€16,490
down €16,490 (-70.6%), from €23,370 to €6,880
of which Trade receivables: -€10,251
- Stocks and contracts -€5,290
down €5,290 (-56.9%), from €9,290 to €4,000
of which Stocks: -€3,500
- Tangible fixed assets -€3,388
down €3,388 (-25.4%), from €13,357 to €9,969
of which Leasing and similar rights: -€6,860
- Deferred charges and accrued income -€1,848
no longer reported in 2024 (was €1,848)
- Profit (loss) carried forward -€23,141
down €23,141 (-54.6%), from -€42,357 to -€65,498
- Trade debts -€3,906
down €3,906 (-79.4%), from €4,920 to €1,014
- Current portion of long-term debt -€628
down €628 (-64.6%), from €971 to €344
- Gross operating margin +€19,531
up €19,531 (+62.2%), from -€31,418 to -€11,887
- Depreciation +€923
up €923 (+10.2%), from €9,040 to €9,963
- Financial charges -€618
down €618 (-70.4%), from €878 to €260
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 | €56,216 | €28,666 | -€27,551 | -49.0% |
| Fixed assets | 21/28 | €13,357 | €9,969 | -€3,388 | -25.4% |
| Tangible fixed assets | 22/27 | €13,357 | €9,969 | -€3,388 | -25.4% |
| Plant, machinery and equipment | 23 | €782 | €5,920 | +€5,138 | +657% |
| Furniture and vehicles | 24 | €5,144 | €3,477 | -€1,666 | -32.4% |
| Leasing and similar rights | 25 | €7,431 | €572 | -€6,860 | -92.3% |
| Current assets | 29/58 | €42,860 | €18,697 | -€24,163 | -56.4% |
| Stocks and contracts in progress | 3 | €9,290 | €4,000 | -€5,290 | -56.9% |
| Stocks | 30/36 | €7,500 | €4,000 | -€3,500 | -46.7% |
| Contracts in progress | 37 | €1,790 | - | -€1,790 | |
| Amounts receivable within one year | 40/41 | €23,370 | €6,880 | -€16,490 | -70.6% |
| Trade receivables | 40 | €13,931 | €3,680 | -€10,251 | -73.6% |
| Other amounts receivable | 41 | €9,439 | €3,200 | -€6,239 | -66.1% |
| Cash at bank and in hand | 54/58 | €8,352 | €7,817 | -€534 | -6.4% |
| Deferred charges and accrued income | 490/1 | €1,848 | - | -€1,848 | |
| Total equity and liabilities | 10/49 | €56,216 | €28,666 | -€27,551 | -49.0% |
| Equity | 10/15 | -€12,922 | -€36,062 | -€23,141 | -179% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,835 | €10,835 | = | 0.0% |
| Distributable reserves | 133 | €10,835 | €10,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,357 | -€65,498 | -€23,141 | -54.6% |
| Amounts payable | 17/49 | €69,138 | €64,728 | -€4,410 | -6.4% |
| Amounts payable within one year | 42/48 | €69,138 | €64,728 | -€4,410 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €971 | €344 | -€628 | -64.6% |
| Trade debts | 44 | €4,920 | €1,014 | -€3,906 | -79.4% |
| Suppliers | 440/4 | €4,920 | €1,014 | -€3,906 | -79.4% |
| Taxes, remuneration and social security | 45 | - | €313 | +€313 | |
| Taxes | 450/3 | - | €313 | +€313 | |
| Other amounts payable | 47/48 | €63,248 | €63,057 | -€190 | -0.3% |
| Non-recurring operating income | 76A | €6,108 | €4,694 | -€1,414 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,040 | €9,963 | +€923 | +10.2% |
| Other operating charges | 640/8 | €1,148 | €977 | -€171 | -14.9% |
| Gross operating margin | 9900 | -€31,418 | -€11,887 | +€19,531 | +62.2% |
| Operating profit (loss) | 9901 | -€41,606 | -€22,828 | +€18,778 | +45.1% |
| Financial income | 75/76B | €127 | €78 | -€49 | -38.7% |
| Recurring financial income | 75 | €127 | €78 | -€49 | -38.7% |
| Financial charges | 65/66B | €878 | €260 | -€618 | -70.4% |
| Recurring financial charges | 65 | €878 | €260 | -€618 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | -€42,357 | -€23,010 | +€19,347 | +45.7% |
| Income taxes | 67/77 | - | €131 | +€131 | |
| Profit (loss) for the period | 9904 | -€42,357 | -€23,141 | +€19,216 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,357 | -€23,141 | +€19,216 | +45.4% |
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 28 October 2026 via checked.be.