DUVEM: 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.
DUVEM
Largest movements
- Receivables within one year -€66,298
down €66,298 (-89.9%), from €73,781 to €7,483
of which Other amounts receivable: -€67,675
- Tangible fixed assets -€10,670
down €10,670 (-21.6%), from €49,317 to €38,647
of which Furniture and vehicles: -€8,564
- Deferred charges and accrued income +€6,787
up €6,787 (+412.8%), from €1,644 to €8,431
- Stocks and contracts +€5,270
up €5,270 (+8.3%), from €63,514 to €68,784
- Contributions -€55,000
down €55,000 (-88.7%), from €62,000 to €7,000
of which Capital: -€62,000
- Profit (loss) carried forward -€26,952
down €26,952 (-18.1%), from €149,243 to €122,291
- Other debts +€14,300
new in 2024: €14,300
- Tax, wage and social debts +€7,648
up €7,648 (+66.7%), from €11,475 to €19,123
of which Remuneration and social security: +€4,622
- Reserves -€5,500
down €5,500 (-88.7%), from €6,200 to €700
- Gross operating margin +€11,764
up €11,764 (+111.4%), from €10,560 to €22,324
- Taxes +€11,589
up €11,589 (+1874.6%), from €618 to €12,207
- Staff costs +€4,193
up €4,193 (+16.9%), from €24,878 to €29,071
- Financial income +€921
up €921 (+95.2%), from €968 to €1,890
- Depreciation -€338
down €338 (-3.1%), from €11,009 to €10,670
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 | €228,918 | €165,653 | -€63,265 | -27.6% |
| Fixed assets | 21/28 | €49,317 | €38,647 | -€10,670 | -21.6% |
| Tangible fixed assets | 22/27 | €49,317 | €38,647 | -€10,670 | -21.6% |
| Land and buildings | 22 | €14,877 | €12,821 | -€2,056 | -13.8% |
| Plant, machinery and equipment | 23 | €101 | €50 | -€50 | -50.0% |
| Furniture and vehicles | 24 | €34,339 | €25,775 | -€8,564 | -24.9% |
| Current assets | 29/58 | €179,601 | €127,006 | -€52,595 | -29.3% |
| Stocks and contracts in progress | 3 | €63,514 | €68,784 | +€5,270 | +8.3% |
| Stocks | 30/36 | €63,514 | €68,784 | +€5,270 | +8.3% |
| Amounts receivable within one year | 40/41 | €73,781 | €7,483 | -€66,298 | -89.9% |
| Trade receivables | 40 | €6,106 | €7,483 | +€1,376 | +22.5% |
| Other amounts receivable | 41 | €67,675 | - | -€67,675 | |
| Cash at bank and in hand | 54/58 | €40,662 | €42,308 | +€1,647 | +4.0% |
| Deferred charges and accrued income | 490/1 | €1,644 | €8,431 | +€6,787 | +412.8% |
| Total equity and liabilities | 10/49 | €228,918 | €165,653 | -€63,265 | -27.6% |
| Equity | 10/15 | €217,443 | €129,991 | -€87,452 | -40.2% |
| Contributions | 10/11 | €62,000 | €7,000 | -€55,000 | -88.7% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Contributions outside capital | 11 | - | €7,000 | +€7,000 | |
| Other | 1109/19 | - | €7,000 | +€7,000 | |
| Reserves | 13 | €6,200 | €700 | -€5,500 | -88.7% |
| Non-distributable reserves | 130/1 | €6,200 | €700 | -€5,500 | -88.7% |
| Reserves not available under the articles | 1311 | €6,200 | €700 | -€5,500 | -88.7% |
| Profit (loss) carried forward | 14 | €149,243 | €122,291 | -€26,952 | -18.1% |
| Amounts payable | 17/49 | €11,475 | €35,662 | +€24,187 | +210.8% |
| Amounts payable within one year | 42/48 | €11,475 | €35,662 | +€24,187 | +210.8% |
| Trade debts | 44 | - | €2,239 | +€2,239 | |
| Suppliers | 440/4 | - | €2,239 | +€2,239 | |
| Taxes, remuneration and social security | 45 | €11,475 | €19,123 | +€7,648 | +66.7% |
| Taxes | 450/3 | €8,337 | €11,363 | +€3,026 | +36.3% |
| Remuneration and social security | 454/9 | €3,138 | €7,759 | +€4,622 | +147.3% |
| Other amounts payable | 47/48 | - | €14,300 | +€14,300 | |
| Remuneration, social security and pensions | 62 | €24,878 | €29,071 | +€4,193 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,009 | €10,670 | -€338 | -3.1% |
| Other operating charges | 640/8 | €2,905 | €2,628 | -€276 | -9.5% |
| Non-recurring operating charges | 66A | €5,879 | - | -€5,879 | |
| Gross operating margin | 9900 | €10,560 | €22,324 | +€11,764 | +111.4% |
| Operating profit (loss) | 9901 | -€34,111 | -€20,045 | +€14,065 | +41.2% |
| Financial income | 75/76B | €968 | €1,890 | +€921 | +95.2% |
| Recurring financial income | 75 | €968 | €1,890 | +€921 | +95.2% |
| Financial charges | 65/66B | €2,294 | €2,090 | -€205 | -8.9% |
| Recurring financial charges | 65 | €2,294 | €2,090 | -€205 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,436 | -€20,245 | +€15,191 | +42.9% |
| Income taxes | 67/77 | €618 | €12,207 | +€11,589 | +1874.6% |
| Profit (loss) for the period | 9904 | -€36,055 | -€32,452 | +€3,602 | +10.0% |
| Transfer from tax-exempt reserves | 789 | €8,000 | - | -€8,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,055 | -€32,452 | -€4,398 | -15.7% |
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.