DVEX: 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.
DVEX
Largest movements
- Tangible fixed assets +€58,681
up €58,681 (+878.7%), from €6,678 to €65,359
of which Furniture and vehicles: +€62,317
- Receivables within one year +€37,908
up €37,908 (+256.5%), from €14,779 to €52,688
of which Trade receivables: +€35,781
- Cash -€15,978
down €15,978 (-40.6%), from €39,367 to €23,389
mainly Investment in fixed assets (net) (-€73,713) and Receivables within one year (-€37,908)
- Deferred charges and accrued income +€2,577
up €2,577 (+83.3%), from €3,092 to €5,670
- Debts after one year +€41,686
up €41,686 (+1664.7%), from €2,504 to €44,190
- Trade debts +€22,562
up €22,562 (+138.3%), from €16,310 to €38,872
- Current portion of long-term debt +€16,355
up €16,355 (+489.9%), from €3,338 to €19,694
- Other debts -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Reserves +€9,900
new in 2023: €9,900
- Depreciation +€11,842
up €11,842 (+292.0%), from €4,056 to €15,897
- Gross operating margin +€11,376
up €11,376 (+52.8%), from €21,562 to €32,937
- Write-downs -€3,860
no longer reported in 2023 (was €3,860)
- Financial charges +€2,331
up €2,331 (+71.3%), from €3,268 to €5,599
- Taxes +€1,042
up €1,042 (+55.5%), from €1,876 to €2,918
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,067 | €148,390 | +€82,323 | +124.6% |
| Fixed assets | 21/28 | €8,828 | €66,644 | +€57,816 | +654.9% |
| Tangible fixed assets | 22/27 | €6,678 | €65,359 | +€58,681 | +878.7% |
| Furniture and vehicles | 24 | €188 | €62,505 | +€62,317 | +33075.0% |
| Leasing and similar rights | 25 | €6,490 | €2,854 | -€3,636 | -56.0% |
| Financial fixed assets | 28 | €2,150 | €1,285 | -€865 | -40.2% |
| Current assets | 29/58 | €57,239 | €81,746 | +€24,507 | +42.8% |
| Amounts receivable within one year | 40/41 | €14,779 | €52,688 | +€37,908 | +256.5% |
| Trade receivables | 40 | €11,999 | €47,780 | +€35,781 | +298.2% |
| Other amounts receivable | 41 | €2,781 | €4,908 | +€2,127 | +76.5% |
| Cash at bank and in hand | 54/58 | €39,367 | €23,389 | -€15,978 | -40.6% |
| Deferred charges and accrued income | 490/1 | €3,092 | €5,670 | +€2,577 | +83.3% |
| Total equity and liabilities | 10/49 | €66,067 | €148,390 | +€82,323 | +124.6% |
| Equity | 10/15 | €12,006 | €19,029 | +€7,023 | +58.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | - | €9,900 | +€9,900 | |
| Distributable reserves | 133 | - | €9,900 | +€9,900 | |
| Profit (loss) carried forward | 14 | €11,906 | €9,029 | -€2,877 | -24.2% |
| Amounts payable | 17/49 | €54,062 | €129,361 | +€75,300 | +139.3% |
| Amounts payable after more than one year | 17 | €2,504 | €44,190 | +€41,686 | +1664.7% |
| Financial debts | 170/4 | €2,504 | €44,190 | +€41,686 | +1664.7% |
| Amounts payable within one year | 42/48 | €51,470 | €84,961 | +€33,490 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | €3,338 | €19,694 | +€16,355 | +489.9% |
| Financial debts | 43 | €250 | €415 | +€165 | +65.8% |
| Credit institutions | 430/8 | €250 | €415 | +€165 | +65.8% |
| Trade debts | 44 | €16,310 | €38,872 | +€22,562 | +138.3% |
| Suppliers | 440/4 | €16,310 | €38,872 | +€22,562 | +138.3% |
| Advances received on contracts in progress | 46 | €860 | - | -€860 | |
| Taxes, remuneration and social security | 45 | €10,712 | €15,980 | +€5,268 | +49.2% |
| Taxes | 450/3 | €10,342 | €13,264 | +€2,923 | +28.3% |
| Remuneration and social security | 454/9 | €370 | €2,716 | +€2,346 | +633.4% |
| Other amounts payable | 47/48 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €87 | €211 | +€124 | +141.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,056 | €15,897 | +€11,842 | +292.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,860 | - | -€3,860 | |
| Other operating charges | 640/8 | €2,580 | €2,877 | +€297 | +11.5% |
| Non-recurring operating charges | 66A | €213 | - | -€213 | |
| Gross operating margin | 9900 | €21,562 | €32,937 | +€11,376 | +52.8% |
| Operating profit (loss) | 9901 | €10,854 | €14,163 | +€3,309 | +30.5% |
| Financial income | 75/76B | €440 | €1,377 | +€937 | +213.2% |
| Recurring financial income | 75 | €440 | €1,377 | +€937 | +213.2% |
| Financial charges | 65/66B | €3,268 | €5,599 | +€2,331 | +71.3% |
| Recurring financial charges | 65 | €3,268 | €5,599 | +€2,331 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €8,025 | €9,941 | +€1,916 | +23.9% |
| Income taxes | 67/77 | €1,876 | €2,918 | +€1,042 | +55.5% |
| Profit (loss) for the period | 9904 | €6,150 | €7,023 | +€874 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,150 | €7,023 | +€874 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.