DAVE-ELEK: 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.
DAVE-ELEK
Largest movements
- Receivables within one year -€19,449
down €19,449 (-43.2%), from €45,048 to €25,598
of which Trade receivables: -€19,807
- Tangible fixed assets -€6,226
down €6,226 (-7.1%), from €87,728 to €81,501
of which Leasing and similar rights: -€9,033
- Cash -€5,514
down €5,514 (-38.0%), from €14,519 to €9,005
mainly Debts after one year (-€18,307) and Investment in fixed assets (net) (-€17,219)
- Debts after one year -€18,307
down €18,307 (-37.4%), from €48,933 to €30,626
- Trade debts -€13,976
down €13,976 (-71.1%), from €19,649 to €5,673
- Other debts +€5,665
up €5,665 (+63.7%), from €8,893 to €14,557
- Profit (loss) carried forward -€2,239
down €2,239 (-19.9%), from €11,262 to €9,023
- Tax, wage and social debts -€2,204
down €2,204 (-46.5%), from €4,738 to €2,533
- Depreciation +€7,981
up €7,981 (+51.6%), from €15,464 to €23,445
- Financial charges -€6,629
down €6,629 (-67.8%), from €9,772 to €3,143
of which Non-recurring financial charges: -€6,272
- Gross operating margin -€3,408
down €3,408 (-10.8%), from €31,415 to €28,007
- Other operating charges -€1,898
down €1,898 (-42.9%), from €4,429 to €2,531
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 | €185,123 | €154,438 | -€30,685 | -16.6% |
| Fixed assets | 21/28 | €89,970 | €83,744 | -€6,226 | -6.9% |
| Tangible fixed assets | 22/27 | €87,728 | €81,501 | -€6,226 | -7.1% |
| Plant, machinery and equipment | 23 | €5,960 | €7,989 | +€2,029 | +34.0% |
| Furniture and vehicles | 24 | €49,551 | €50,620 | +€1,069 | +2.2% |
| Leasing and similar rights | 25 | €31,553 | €22,520 | -€9,033 | -28.6% |
| Other tangible fixed assets | 26 | €663 | €372 | -€291 | -43.9% |
| Financial fixed assets | 28 | €2,243 | €2,243 | = | 0.0% |
| Current assets | 29/58 | €95,152 | €70,693 | -€24,459 | -25.7% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,048 | €25,598 | -€19,449 | -43.2% |
| Trade receivables | 40 | €31,106 | €11,299 | -€19,807 | -63.7% |
| Other amounts receivable | 41 | €13,942 | €14,299 | +€357 | +2.6% |
| Cash at bank and in hand | 54/58 | €14,519 | €9,005 | -€5,514 | -38.0% |
| Deferred charges and accrued income | 490/1 | €586 | €1,090 | +€504 | +86.1% |
| Total equity and liabilities | 10/49 | €185,123 | €154,438 | -€30,685 | -16.6% |
| Equity | 10/15 | €84,844 | €82,605 | -€2,239 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,382 | €67,382 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,522 | €65,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,262 | €9,023 | -€2,239 | -19.9% |
| Amounts payable | 17/49 | €100,279 | €71,833 | -€28,446 | -28.4% |
| Amounts payable after more than one year | 17 | €48,933 | €30,626 | -€18,307 | -37.4% |
| Financial debts | 170/4 | €48,933 | €30,626 | -€18,307 | -37.4% |
| Amounts payable within one year | 42/48 | €51,346 | €41,207 | -€10,139 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €18,067 | €18,443 | +€377 | +2.1% |
| Trade debts | 44 | €19,649 | €5,673 | -€13,976 | -71.1% |
| Suppliers | 440/4 | €19,649 | €5,673 | -€13,976 | -71.1% |
| Taxes, remuneration and social security | 45 | €4,738 | €2,533 | -€2,204 | -46.5% |
| Taxes | 450/3 | €4,738 | €2,533 | -€2,204 | -46.5% |
| Other amounts payable | 47/48 | €8,893 | €14,557 | +€5,665 | +63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,464 | €23,445 | +€7,981 | +51.6% |
| Other operating charges | 640/8 | €4,429 | €2,531 | -€1,898 | -42.9% |
| Gross operating margin | 9900 | €31,415 | €28,007 | -€3,408 | -10.8% |
| Operating profit (loss) | 9901 | €11,521 | €2,031 | -€9,490 | -82.4% |
| Financial income | 75/76B | €1,130 | €1,157 | +€28 | +2.4% |
| Recurring financial income | 75 | €1,130 | €1,157 | +€28 | +2.4% |
| Financial charges | 65/66B | €9,772 | €3,143 | -€6,629 | -67.8% |
| Recurring financial charges | 65 | €3,500 | €3,143 | -€357 | -10.2% |
| Non-recurring financial charges | 66B | €6,272 | - | -€6,272 | |
| Profit (loss) for the period before taxes | 9903 | €2,879 | €46 | -€2,833 | -98.4% |
| Income taxes | 67/77 | €2,492 | €2,285 | -€207 | -8.3% |
| Profit (loss) for the period | 9904 | €387 | -€2,239 | -€2,626 | |
| Profit (loss) for the period to be appropriated | 9905 | €387 | -€2,239 | -€2,626 |
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 13 October 2026 via checked.be.