De Vair: 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.
De Vair
Largest movements
- Cash -€385,606
down €385,606 (-84.4%), from €456,807 to €71,201
mainly Other debts (-€178,097) and Investment in fixed assets (net) (-€144,252)
- Tangible fixed assets +€81,844
up €81,844 (+12.2%), from €671,125 to €752,969
of which Land and buildings: +€101,824
- Receivables within one year +€30,348
up €30,348 (+78.1%), from €38,869 to €69,217
of which Other amounts receivable: +€28,132
- Other debts -€178,097
no longer reported in 2024 (was €178,097)
- Profit (loss) carried forward -€56,765
down €56,765 (-53.1%), from €106,998 to €50,232
- Trade debts -€33,640
down €33,640 (-94.9%), from €35,436 to €1,796
- Gross operating margin -€192,547
down €192,547 (-92.6%), from €207,917 to €15,370
- Provisions +€12,715
new in 2024: €12,715
- Financial income +€11,271
up €11,271 (+780.6%), from €1,444 to €12,715
- Depreciation +€5,710
up €5,710 (+10.1%), from €56,698 to €62,408
- Financial charges -€5,171
down €5,171 (-93.5%), from €5,533 to €362
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 | €1,721,585 | €1,460,886 | -€260,698 | -15.1% |
| Fixed assets | 21/28 | €671,125 | €752,969 | +€81,844 | +12.2% |
| Tangible fixed assets | 22/27 | €671,125 | €752,969 | +€81,844 | +12.2% |
| Land and buildings | 22 | €611,185 | €713,009 | +€101,824 | +16.7% |
| Furniture and vehicles | 24 | €59,940 | €39,960 | -€19,980 | -33.3% |
| Current assets | 29/58 | €1,050,460 | €707,917 | -€342,543 | -32.6% |
| Amounts receivable after more than one year | 29 | €554,784 | €567,499 | +€12,715 | +2.3% |
| Other amounts receivable | 291 | €554,784 | €567,499 | +€12,715 | +2.3% |
| Amounts receivable within one year | 40/41 | €38,869 | €69,217 | +€30,348 | +78.1% |
| Trade receivables | 40 | - | €2,217 | +€2,217 | |
| Other amounts receivable | 41 | €38,869 | €67,001 | +€28,132 | +72.4% |
| Cash at bank and in hand | 54/58 | €456,807 | €71,201 | -€385,606 | -84.4% |
| Total equity and liabilities | 10/49 | €1,721,585 | €1,460,886 | -€260,698 | -15.1% |
| Equity | 10/15 | €1,449,240 | €1,388,851 | -€60,389 | -4.2% |
| Contributions | 10/11 | €1,126,064 | €1,126,064 | = | 0.0% |
| Capital | 10 | €1,126,064 | €1,126,064 | = | 0.0% |
| Issued capital | 100 | €1,126,064 | €1,126,064 | = | 0.0% |
| Reserves | 13 | €216,178 | €212,555 | -€3,623 | -1.7% |
| Non-distributable reserves | 130/1 | €56,500 | €56,500 | = | 0.0% |
| Legal reserve | 130 | €56,500 | €56,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €159,678 | €156,055 | -€3,623 | -2.3% |
| Profit (loss) carried forward | 14 | €106,998 | €50,232 | -€56,765 | -53.1% |
| Provisions and deferred taxes | 16 | €53,226 | €64,733 | +€11,507 | +21.6% |
| Provisions for liabilities and charges | 160/5 | - | €12,715 | +€12,715 | |
| Other liabilities and charges | 164/5 | - | €12,715 | +€12,715 | |
| Deferred taxes | 168 | €53,226 | €52,018 | -€1,208 | -2.3% |
| Amounts payable | 17/49 | €219,119 | €7,302 | -€211,817 | -96.7% |
| Amounts payable within one year | 42/48 | €213,960 | €2,143 | -€211,817 | -99.0% |
| Trade debts | 44 | €35,436 | €1,796 | -€33,640 | -94.9% |
| Suppliers | 440/4 | €35,436 | €1,796 | -€33,640 | -94.9% |
| Taxes, remuneration and social security | 45 | €428 | €347 | -€80 | -18.8% |
| Taxes | 450/3 | €428 | €347 | -€80 | -18.8% |
| Other amounts payable | 47/48 | €178,097 | - | -€178,097 | |
| Accrued charges and deferred income | 492/3 | €5,159 | €5,159 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,698 | €62,408 | +€5,710 | +10.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €12,715 | +€12,715 | |
| Other operating charges | 640/8 | €9,655 | €13,850 | +€4,195 | +43.5% |
| Gross operating margin | 9900 | €207,917 | €15,370 | -€192,547 | -92.6% |
| Operating profit (loss) | 9901 | €141,564 | -€73,602 | -€215,166 | |
| Financial income | 75/76B | €1,444 | €12,715 | +€11,271 | +780.6% |
| Recurring financial income | 75 | €1,444 | €12,715 | +€11,271 | +780.6% |
| Financial charges | 65/66B | €5,533 | €362 | -€5,171 | -93.5% |
| Recurring financial charges | 65 | €5,533 | €362 | -€5,171 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €137,475 | -€61,249 | -€198,724 | |
| Transfer from deferred taxes | 780 | €210 | €1,208 | +€998 | +475.4% |
| Transfer to deferred taxes | 680 | €53,436 | - | -€53,436 | |
| Income taxes | 67/77 | €428 | €347 | -€80 | -18.8% |
| Profit (loss) for the period | 9904 | €83,821 | -€60,389 | -€144,210 | |
| Transfer from tax-exempt reserves | 789 | €630 | €3,623 | +€2,994 | +475.4% |
| Transfer to tax-exempt reserves | 689 | €160,308 | - | -€160,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,856 | -€56,765 | +€19,091 | +25.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.