DELIVERY A & V: 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.
DELIVERY A & V
Largest movements
- Cash +€29,042
up €29,042 (+117.4%), from €24,747 to €53,789
mainly Depreciation (+€30,113) and Receivables within one year (+€26,339)
- Intangible fixed assets -€29,000
down €29,000 (-36.4%), from €79,750 to €50,750
- Receivables within one year -€26,339
down €26,339 (-43.2%), from €60,945 to €34,605
of which Other amounts receivable: -€26,070
- Deferred charges and accrued income +€3,096
up €3,096 (+79.8%), from €3,878 to €6,974
- Debts after one year -€36,459
down €36,459 (-41.2%), from €88,458 to €51,999
- Trade debts +€11,404
up €11,404 (+20.8%), from €54,888 to €66,292
- Tax, wage and social debts -€1,986
down €1,986 (-78.5%), from €2,529 to €543
of which Taxes: -€2,195
- Staff costs -€13,468
down €13,468 (-8.9%), from €150,995 to €137,527
- Gross operating margin -€4,218
down €4,218 (-2.4%), from €179,345 to €175,127
- Depreciation -€2,834
down €2,834 (-8.6%), from €32,946 to €30,113
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 | €188,796 | €163,520 | -€25,276 | -13.4% |
| Fixed assets | 21/28 | €91,626 | €61,013 | -€30,613 | -33.4% |
| Intangible fixed assets | 21 | €79,750 | €50,750 | -€29,000 | -36.4% |
| Tangible fixed assets | 22/27 | €1,494 | €382 | -€1,113 | -74.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,494 | €382 | -€1,113 | -74.5% |
| Financial fixed assets | 28 | €10,381 | €9,881 | -€500 | -4.8% |
| Current assets | 29/58 | €97,170 | €102,507 | +€5,337 | +5.5% |
| Stocks and contracts in progress | 3 | €7,601 | €7,138 | -€462 | -6.1% |
| Stocks | 30/36 | €7,601 | €7,138 | -€462 | -6.1% |
| Amounts receivable within one year | 40/41 | €60,945 | €34,605 | -€26,339 | -43.2% |
| Trade receivables | 40 | €269 | - | -€269 | |
| Other amounts receivable | 41 | €60,676 | €34,605 | -€26,070 | -43.0% |
| Cash at bank and in hand | 54/58 | €24,747 | €53,789 | +€29,042 | +117.4% |
| Deferred charges and accrued income | 490/1 | €3,878 | €6,974 | +€3,096 | +79.8% |
| Total equity and liabilities | 10/49 | €188,796 | €163,520 | -€25,276 | -13.4% |
| Equity | 10/15 | €7,866 | €8,226 | +€361 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,734 | -€10,374 | +€361 | +3.4% |
| Amounts payable | 17/49 | €180,930 | €155,293 | -€25,637 | -14.2% |
| Amounts payable after more than one year | 17 | €88,458 | €51,999 | -€36,459 | -41.2% |
| Financial debts | 170/4 | €88,458 | €51,999 | -€36,459 | -41.2% |
| Amounts payable within one year | 42/48 | €92,472 | €103,294 | +€10,822 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €35,055 | €36,459 | +€1,404 | +4.0% |
| Trade debts | 44 | €54,888 | €66,292 | +€11,404 | +20.8% |
| Suppliers | 440/4 | €54,888 | €66,292 | +€11,404 | +20.8% |
| Taxes, remuneration and social security | 45 | €2,529 | €543 | -€1,986 | -78.5% |
| Taxes | 450/3 | €2,529 | €334 | -€2,195 | -86.8% |
| Remuneration and social security | 454/9 | €0 | €209 | +€209 | |
| Non-recurring operating income | 76A | €18,100 | - | -€18,100 | |
| Remuneration, social security and pensions | 62 | €150,995 | €137,527 | -€13,468 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,946 | €30,113 | -€2,834 | -8.6% |
| Other operating charges | 640/8 | €2,009 | €1,577 | -€432 | -21.5% |
| Gross operating margin | 9900 | €179,345 | €175,127 | -€4,218 | -2.4% |
| Operating profit (loss) | 9901 | -€6,605 | €5,910 | +€12,516 | |
| Financial income | 75/76B | €3,896 | €2,911 | -€984 | -25.3% |
| Recurring financial income | 75 | €3,896 | €2,911 | -€984 | -25.3% |
| Financial charges | 65/66B | €8,437 | €8,461 | +€23 | +0.3% |
| Recurring financial charges | 65 | €8,437 | €8,461 | +€23 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,147 | €361 | +€11,508 | |
| Income taxes | 67/77 | €334 | - | -€334 | |
| Profit (loss) for the period | 9904 | -€11,481 | €361 | +€11,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,481 | €361 | +€11,842 |
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 11 October 2026 via checked.be.