DVH: 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.
What changed
DVH
NACE 55.202, Accommodation
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€70,454
2023 · €1,222+€69,231
Equity
€522,318
2023 · €459,382+€62,937
Cash
€4,397
2023 · €2,850+€1,547
Balance sheet total
€1.5m
2023 · €1.4m+€73,735
Largest movements
Assets
- Tangible fixed assets +€58,605
up €58,605 (+4.4%), from €1.3m to €1.4m
of which Land and buildings: +€72,724
- Receivables within one year +€26,582
up €26,582 (+67.5%), from €39,381 to €65,963
of which Trade receivables: +€26,565
Equity and liabilities
- Profit (loss) carried forward +€70,454
up €70,454 (+63.6%), from €110,706 to €181,160
- Debts after one year -€69,379
down €69,379 (-17.4%), from €399,824 to €330,444
- Trade debts +€56,852
up €56,852 (+41.3%), from €137,706 to €194,557
Income statement
- Turnover -€463,290
no longer reported in 2024 (was €463,290)
- Staff costs -€43,669
down €43,669 (-34.0%), from €128,325 to €84,657
- Gross operating margin +€32,911
up €32,911 (+14.6%), from €225,411 to €258,322
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.
Result 2023
€1,222
Gross operating margin
+€32,911
Staff costs
+€43,669
Depreciation
+€2,803
Other operating charges
-€3,494
Other operating items
-€5,639
Financial income
+€311
Financial charges
-€1,070
Deferred taxes and other
-€258
Result 2024
€70,454
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.
From operations
+€189,045
Investment
-€121,084
Financing
-€66,414
Cash 2023
€2,850
From operations (derived)
+€189,045
Net result for the year
+€70,454
Depreciation
+€71,123
Stocks and contracts
-€205
Receivables within one year
-€26,582
Deferred charges and accrued income
+€4,559
Provisions
-€2,506
Trade debts
+€56,852
Tax, wage and social debts
+€7,336
Other debts
+€7,551
Accrued charges and deferred income
+€463
Investment (derived)
-€121,084
Investment in fixed assets (net)
-€121,084
Financing
-€66,414
Debts after one year
-€69,379
Current portion of long-term debt
+€6,465
Short-term financial debts
+€4,017
Contributions, distributions and other
-€7,517
Cash 2024
€4,397
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,384,906 | €1,458,641 | +€73,735 | +5.3% |
| Formation expenses | 20 | €2,500 | €1,250 | -€1,250 | -50.0% |
| Fixed assets | 21/28 | €1,330,464 | €1,381,674 | +€51,211 | +3.8% |
| Tangible fixed assets | 22/27 | €1,320,397 | €1,379,002 | +€58,605 | +4.4% |
| Land and buildings | 22 | €1,210,031 | €1,282,755 | +€72,724 | +6.0% |
| Plant, machinery and equipment | 23 | €109,716 | €94,862 | -€14,854 | -13.5% |
| Furniture and vehicles | 24 | €650 | €1,385 | +€735 | +113.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €10,066 | €2,672 | -€7,394 | -73.5% |
| Current assets | 29/58 | €51,942 | €75,717 | +€23,774 | +45.8% |
| Stocks and contracts in progress | 3 | €4,081 | €4,286 | +€205 | +5.0% |
| Stocks | 30/36 | €4,081 | €4,286 | +€205 | +5.0% |
| Amounts receivable within one year | 40/41 | €39,381 | €65,963 | +€26,582 | +67.5% |
| Trade receivables | 40 | €39,381 | €65,946 | +€26,565 | +67.5% |
| Other amounts receivable | 41 | €0 | €17 | +€17 | |
| Cash at bank and in hand | 54/58 | €2,850 | €4,397 | +€1,547 | +54.3% |
| Deferred charges and accrued income | 490/1 | €5,630 | €1,070 | -€4,559 | -81.0% |
| Total equity and liabilities | 10/49 | €1,384,906 | €1,458,641 | +€73,735 | +5.3% |
| Equity | 10/15 | €459,382 | €522,318 | +€62,937 | +13.7% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €131,980 | €131,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €130,480 | €130,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,706 | €181,160 | +€70,454 | +63.6% |
| Investment grants | 15 | €76,695 | €69,178 | -€7,517 | -9.8% |
| Provisions and deferred taxes | 16 | €25,565 | €23,059 | -€2,506 | -9.8% |
| Deferred taxes | 168 | €25,565 | €23,059 | -€2,506 | -9.8% |
| Amounts payable | 17/49 | €899,959 | €913,263 | +€13,304 | +1.5% |
| Amounts payable after more than one year | 17 | €399,824 | €330,444 | -€69,379 | -17.4% |
| Financial debts | 170/4 | €399,824 | €330,444 | -€69,379 | -17.4% |
| Amounts payable within one year | 42/48 | €499,465 | €581,685 | +€82,220 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €60,063 | €66,528 | +€6,465 | +10.8% |
| Financial debts | 43 | €22,041 | €26,058 | +€4,017 | +18.2% |
| Credit institutions | 430/8 | €22,041 | €26,058 | +€4,017 | +18.2% |
| Trade debts | 44 | €137,706 | €194,557 | +€56,852 | +41.3% |
| Suppliers | 440/4 | €137,706 | €194,557 | +€56,852 | +41.3% |
| Taxes, remuneration and social security | 45 | €85,687 | €93,023 | +€7,336 | +8.6% |
| Taxes | 450/3 | €37,011 | €45,061 | +€8,050 | +21.8% |
| Remuneration and social security | 454/9 | €48,676 | €47,962 | -€714 | -1.5% |
| Other amounts payable | 47/48 | €193,968 | €201,519 | +€7,551 | +3.9% |
| Accrued charges and deferred income | 492/3 | €671 | €1,134 | +€463 | +69.1% |
| Turnover | 70 | €463,290 | - | -€463,290 | |
| Remuneration, social security and pensions | 62 | €128,325 | €84,657 | -€43,669 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,926 | €71,123 | -€2,803 | -3.8% |
| Other operating charges | 640/8 | €7,860 | €11,354 | +€3,494 | +44.5% |
| Non-recurring operating charges | 66A | - | €5,639 | +€5,639 | |
| Gross operating margin | 9900 | €225,411 | €258,322 | +€32,911 | +14.6% |
| Operating profit (loss) | 9901 | €15,301 | €85,549 | +€70,249 | +459.1% |
| Financial income | 75/76B | €9,531 | €9,842 | +€311 | +3.3% |
| Recurring financial income | 75 | €8,401 | €9,517 | +€1,116 | +13.3% |
| Non-recurring financial income | 76B | €1,130 | €325 | -€805 | -71.2% |
| Financial charges | 65/66B | €26,373 | €27,444 | +€1,070 | +4.1% |
| Recurring financial charges | 65 | €26,373 | €27,444 | +€1,070 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,541 | €67,948 | +€69,489 | |
| Transfer from deferred taxes | 780 | €2,764 | €2,506 | -€258 | -9.3% |
| Profit (loss) for the period | 9904 | €1,222 | €70,454 | +€69,231 | +5663.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,222 | €70,454 | +€69,231 | +5663.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.