De Vatevijver: 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.
De Vatevijver
Largest movements
- Receivables within one year -€128,146
down €128,146 (-19.0%), from €673,631 to €545,485
of which Trade receivables: -€175,667
- Cash +€118,970
up €118,970 (+27.8%), from €428,633 to €547,603
mainly Net result for the year (+€296,103) and Receivables within one year (+€128,146)
- Tangible fixed assets +€49,708
up €49,708 (+1,189%), from €4,179 to €53,888
- Reserves +€296,103
up €296,103 (+138%), from €214,744 to €510,848
- Current portion of long-term debt -€281,707
down €281,707 (-95.2%), from €295,870 to €14,163
- Profit (loss) carried forward -€166,000
down €166,000 (-99.4%), from €166,922 to €922
- Other debts +€119,558
up €119,558 (+67.6%), from €176,914 to €296,472
- Debts after one year +€52,830
new in 2024: €52,830
- Depreciation -€418,186
down €418,186 (-98.5%), from €424,441 to €6,255
- Gross operating margin -€184,568
down €184,568 (-23.1%), from €798,039 to €613,471
- Taxes +€69,824
up €69,824 (+109%), from €64,086 to €133,910
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 | €1,114,541 | €1,154,563 | +€40,022 | +3.6% |
| Fixed assets | 21/28 | €9,729 | €59,438 | +€49,708 | +511% |
| Tangible fixed assets | 22/27 | €4,179 | €53,888 | +€49,708 | +1,189% |
| Furniture and vehicles | 24 | €4,179 | €53,888 | +€49,708 | +1,189% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €1,104,811 | €1,095,126 | -€9,686 | -0.9% |
| Amounts receivable within one year | 40/41 | €673,631 | €545,485 | -€128,146 | -19.0% |
| Trade receivables | 40 | €627,328 | €451,661 | -€175,667 | -28.0% |
| Other amounts receivable | 41 | €46,303 | €93,823 | +€47,520 | +103% |
| Cash at bank and in hand | 54/58 | €428,633 | €547,603 | +€118,970 | +27.8% |
| Deferred charges and accrued income | 490/1 | €2,547 | €2,038 | -€510 | -20.0% |
| Total equity and liabilities | 10/49 | €1,114,541 | €1,154,563 | +€40,022 | +3.6% |
| Equity | 10/15 | €400,266 | €530,370 | +€130,103 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,744 | €510,848 | +€296,103 | +138% |
| Distributable reserves | 133 | €214,744 | €510,848 | +€296,103 | +138% |
| Profit (loss) carried forward | 14 | €166,922 | €922 | -€166,000 | -99.4% |
| Amounts payable | 17/49 | €714,274 | €624,194 | -€90,081 | -12.6% |
| Amounts payable after more than one year | 17 | - | €52,830 | +€52,830 | |
| Financial debts | 170/4 | - | €52,830 | +€52,830 | |
| Amounts payable within one year | 42/48 | €714,109 | €571,364 | -€142,745 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €295,870 | €14,163 | -€281,707 | -95.2% |
| Trade debts | 44 | €14,563 | €10,676 | -€3,887 | -26.7% |
| Suppliers | 440/4 | €14,563 | €10,676 | -€3,887 | -26.7% |
| Taxes, remuneration and social security | 45 | €226,762 | €250,053 | +€23,291 | +10.3% |
| Taxes | 450/3 | €203,831 | €215,516 | +€11,685 | +5.7% |
| Remuneration and social security | 454/9 | €22,931 | €34,537 | +€11,605 | +50.6% |
| Other amounts payable | 47/48 | €176,914 | €296,472 | +€119,558 | +67.6% |
| Accrued charges and deferred income | 492/3 | €166 | - | -€166 | |
| Remuneration, social security and pensions | 62 | €127,250 | €132,763 | +€5,513 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424,441 | €6,255 | -€418,186 | -98.5% |
| Other operating charges | 640/8 | €33,761 | €41,681 | +€7,920 | +23.5% |
| Gross operating margin | 9900 | €798,039 | €613,471 | -€184,568 | -23.1% |
| Operating profit (loss) | 9901 | €212,587 | €432,773 | +€220,185 | +104% |
| Financial income | 75/76B | €403 | €1,517 | +€1,113 | +276% |
| Recurring financial income | 75 | €403 | €1,517 | +€1,113 | +276% |
| Financial charges | 65/66B | €4,294 | €4,276 | -€18 | -0.4% |
| Recurring financial charges | 65 | €4,294 | €4,276 | -€18 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €208,697 | €430,013 | +€221,317 | +106% |
| Income taxes | 67/77 | €64,086 | €133,910 | +€69,824 | +109% |
| Profit (loss) for the period | 9904 | €144,610 | €296,103 | +€151,493 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €144,610 | €296,103 | +€151,493 | +105% |
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 29 October 2026 via checked.be.