DUVO: 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.
DUVO
Largest movements
- Receivables within one year +€34,284
up €34,284 (+493%), from €6,961 to €41,246
of which Trade receivables: +€37,949
- Tangible fixed assets -€24,200
down €24,200 (-11.9%), from €203,333 to €179,132
of which Plant, machinery and equipment: -€19,192
- Intangible fixed assets -€14,000
down €14,000 (-11.4%), from €123,162 to €109,162
- Stocks and contracts +€7,333
up €7,333 (+20.2%), from €36,257 to €43,590
- Debts after one year -€20,702
down €20,702 (-18.7%), from €110,555 to €89,853
- Trade debts +€15,923
up €15,923 (+18.6%), from €85,623 to €101,547
- Other debts +€8,315
up €8,315 (+5.2%), from €158,430 to €166,745
- Current portion of long-term debt +€6,540
up €6,540 (+31.1%), from €21,005 to €27,545
- Staff costs -€21,424
down €21,424 (-6.2%), from €345,319 to €323,894
- Gross operating margin -€16,378
down €16,378 (-4.1%), from €403,023 to €386,644
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 | €398,450 | €406,866 | +€8,417 | +2.1% |
| Formation expenses | 20 | €2,293 | €1,689 | -€604 | -26.4% |
| Fixed assets | 21/28 | €326,494 | €288,294 | -€38,200 | -11.7% |
| Intangible fixed assets | 21 | €123,162 | €109,162 | -€14,000 | -11.4% |
| Tangible fixed assets | 22/27 | €203,333 | €179,132 | -€24,200 | -11.9% |
| Plant, machinery and equipment | 23 | €182,040 | €162,848 | -€19,192 | -10.5% |
| Furniture and vehicles | 24 | €21,292 | €16,284 | -€5,008 | -23.5% |
| Current assets | 29/58 | €69,662 | €116,884 | +€47,221 | +67.8% |
| Stocks and contracts in progress | 3 | €36,257 | €43,590 | +€7,333 | +20.2% |
| Stocks | 30/36 | €36,257 | €43,590 | +€7,333 | +20.2% |
| Amounts receivable within one year | 40/41 | €6,961 | €41,246 | +€34,284 | +493% |
| Trade receivables | 40 | €3,294 | €41,243 | +€37,949 | +1,152% |
| Other amounts receivable | 41 | €3,668 | €3 | -€3,665 | -99.9% |
| Cash at bank and in hand | 54/58 | €25,381 | €28,418 | +€3,037 | +12.0% |
| Deferred charges and accrued income | 490/1 | €1,063 | €3,630 | +€2,567 | +241% |
| Total equity and liabilities | 10/49 | €398,450 | €406,866 | +€8,417 | +2.1% |
| Equity | 10/15 | €4,561 | €4,705 | +€144 | +3.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,939 | -€2,795 | +€144 | +4.9% |
| Amounts payable | 17/49 | €393,889 | €402,161 | +€8,273 | +2.1% |
| Amounts payable after more than one year | 17 | €110,555 | €89,853 | -€20,702 | -18.7% |
| Financial debts | 170/4 | €110,555 | €89,853 | -€20,702 | -18.7% |
| Amounts payable within one year | 42/48 | €283,333 | €312,308 | +€28,974 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €21,005 | €27,545 | +€6,540 | +31.1% |
| Trade debts | 44 | €85,623 | €101,547 | +€15,923 | +18.6% |
| Suppliers | 440/4 | €85,623 | €101,547 | +€15,923 | +18.6% |
| Taxes, remuneration and social security | 45 | €18,276 | €16,472 | -€1,804 | -9.9% |
| Taxes | 450/3 | €9,497 | €10,310 | +€813 | +8.6% |
| Remuneration and social security | 454/9 | €8,779 | €6,162 | -€2,617 | -29.8% |
| Other amounts payable | 47/48 | €158,430 | €166,745 | +€8,315 | +5.2% |
| Non-recurring operating income | 76A | €34 | - | -€34 | |
| Remuneration, social security and pensions | 62 | €345,319 | €323,894 | -€21,424 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,004 | €46,333 | +€329 | +0.7% |
| Other operating charges | 640/8 | €7,300 | €9,170 | +€1,870 | +25.6% |
| Gross operating margin | 9900 | €403,023 | €386,644 | -€16,378 | -4.1% |
| Operating profit (loss) | 9901 | €4,400 | €7,246 | +€2,846 | +64.7% |
| Financial income | 75/76B | €743 | €318 | -€426 | -57.3% |
| Recurring financial income | 75 | €743 | €318 | -€426 | -57.3% |
| Financial charges | 65/66B | €8,083 | €7,420 | -€663 | -8.2% |
| Recurring financial charges | 65 | €8,083 | €7,420 | -€663 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,939 | €144 | +€3,083 | |
| Profit (loss) for the period | 9904 | -€2,939 | €144 | +€3,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,939 | €144 | +€3,083 |
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 19 October 2026 via checked.be.