D-VERT: 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.
D-VERT
Largest movements
- Tangible fixed assets +€155,062
up €155,062 (+114.7%), from €135,150 to €290,212
of which Land and buildings: +€142,987
- Receivables within one year +€88,103
up €88,103 (+116.7%), from €75,473 to €163,576
of which Trade receivables: +€69,198
- Current investments +€80,588
new in 2024: €80,588
- Cash -€70,168
down €70,168 (-54.7%), from €128,364 to €58,196
mainly Investment in fixed assets (net) (-€226,861) and Receivables within one year (-€88,103)
- Advances received +€102,020
new in 2024: €102,020
- Debts after one year +€71,906
up €71,906 (+69.2%), from €103,947 to €175,854
- Profit (loss) carried forward +€49,979
up €49,979 (+58.2%), from €85,827 to €135,806
- Other debts +€10,009
up €10,009 (+21.6%), from €46,291 to €56,300
- Current portion of long-term debt +€9,993
up €9,993 (+19.2%), from €52,141 to €62,134
- Turnover +€118,832
up €118,832 (+24.0%), from €495,896 to €614,728
- Purchases and services +€83,861
up €83,861 (+28.0%), from €299,198 to €383,059
- Staff costs -€19,478
down €19,478 (-18.9%), from €102,993 to €83,515
- Depreciation +€17,991
up €17,991 (+33.1%), from €54,276 to €72,267
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.
Cash bridge derived
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 | €347,533 | €600,813 | +€253,280 | +72.9% |
| Formation expenses | 20 | €109 | €0 | -€109 | -100.0% |
| Fixed assets | 21/28 | €135,776 | €290,478 | +€154,702 | +113.9% |
| Intangible fixed assets | 21 | €625 | €266 | -€359 | -57.5% |
| Tangible fixed assets | 22/27 | €135,150 | €290,212 | +€155,062 | +114.7% |
| Land and buildings | 22 | - | €142,987 | +€142,987 | |
| Plant, machinery and equipment | 23 | €122,799 | €86,444 | -€36,355 | -29.6% |
| Furniture and vehicles | 24 | - | €57,962 | +€57,962 | |
| Leasing and similar rights | 25 | €12,352 | €2,819 | -€9,532 | -77.2% |
| Current assets | 29/58 | €211,649 | €310,335 | +€98,687 | +46.6% |
| Stocks and contracts in progress | 3 | €5,281 | €5,534 | +€253 | +4.8% |
| Stocks | 30/36 | €5,281 | €5,534 | +€253 | +4.8% |
| Amounts receivable within one year | 40/41 | €75,473 | €163,576 | +€88,103 | +116.7% |
| Trade receivables | 40 | €75,395 | €144,593 | +€69,198 | +91.8% |
| Other amounts receivable | 41 | €78 | €18,984 | +€18,905 | +24089.5% |
| Current investments | 50/53 | - | €80,588 | +€80,588 | |
| Cash at bank and in hand | 54/58 | €128,364 | €58,196 | -€70,168 | -54.7% |
| Deferred charges and accrued income | 490/1 | €2,530 | €2,440 | -€90 | -3.5% |
| Total equity and liabilities | 10/49 | €347,533 | €600,813 | +€253,280 | +72.9% |
| Equity | 10/15 | €92,027 | €142,006 | +€49,979 | +54.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,827 | €135,806 | +€49,979 | +58.2% |
| Amounts payable | 17/49 | €255,506 | €458,807 | +€203,301 | +79.6% |
| Amounts payable after more than one year | 17 | €103,947 | €175,854 | +€71,906 | +69.2% |
| Financial debts | 170/4 | €103,947 | €175,854 | +€71,906 | +69.2% |
| Amounts payable within one year | 42/48 | €151,558 | €282,953 | +€131,395 | +86.7% |
| Current portion of amounts payable after more than one year | 42 | €52,141 | €62,134 | +€9,993 | +19.2% |
| Trade debts | 44 | €30,998 | €31,632 | +€634 | +2.0% |
| Suppliers | 440/4 | €30,998 | €31,632 | +€634 | +2.0% |
| Advances received on contracts in progress | 46 | - | €102,020 | +€102,020 | |
| Taxes, remuneration and social security | 45 | €22,128 | €30,866 | +€8,738 | +39.5% |
| Taxes | 450/3 | €10,150 | €23,495 | +€13,345 | +131.5% |
| Remuneration and social security | 454/9 | €11,978 | €7,371 | -€4,607 | -38.5% |
| Other amounts payable | 47/48 | €46,291 | €56,300 | +€10,009 | +21.6% |
| Turnover | 70 | €495,896 | €614,728 | +€118,832 | +24.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €299,198 | €383,059 | +€83,861 | +28.0% |
| Remuneration, social security and pensions | 62 | €102,993 | €83,515 | -€19,478 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,276 | €72,267 | +€17,991 | +33.1% |
| Other operating charges | 640/8 | €1,251 | €2,872 | +€1,621 | +129.5% |
| Gross operating margin | 9900 | €232,390 | €231,668 | -€722 | -0.3% |
| Operating profit (loss) | 9901 | €73,871 | €73,015 | -€856 | -1.2% |
| Financial income | 75/76B | €301 | €537 | +€237 | +78.7% |
| Recurring financial income | 75 | €301 | €537 | +€237 | +78.7% |
| Financial charges | 65/66B | €3,350 | €8,944 | +€5,594 | +167.0% |
| Recurring financial charges | 65 | €3,350 | €6,780 | +€3,430 | +102.4% |
| Non-recurring financial charges | 66B | - | €2,165 | +€2,165 | |
| Profit (loss) for the period before taxes | 9903 | €70,821 | €64,608 | -€6,213 | -8.8% |
| Income taxes | 67/77 | €8,868 | €14,628 | +€5,760 | +65.0% |
| Profit (loss) for the period | 9904 | €61,953 | €49,979 | -€11,974 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,953 | €49,979 | -€11,974 | -19.3% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.