DVL: 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.
DVL
Largest movements
- Receivables within one year -€73,094
down €73,094 (-40.9%), from €178,730 to €105,636
of which Trade receivables: -€73,056
- Tangible fixed assets -€31,066
down €31,066 (-22.9%), from €135,380 to €104,314
of which Furniture and vehicles: -€19,295
- Cash -€9,584
down €9,584 (-16.3%), from €58,652 to €49,068
mainly Advances received (-€122,771) and Debts after one year (-€54,675)
- Stocks and contracts +€6,805
up €6,805 (+31.3%), from €21,720 to €28,524
- Advances received -€122,771
down €122,771 (-98.9%), from €124,179 to €1,409
- Debts after one year -€54,675
down €54,675 (-85.5%), from €63,930 to €9,256
- Trade debts +€42,726
up €42,726 (+47.2%), from €90,513 to €133,239
- Tax, wage and social debts +€27,013
up €27,013 (+73.6%), from €36,682 to €63,695
of which Taxes: +€28,959
- Reserves +€7,926
up €7,926 (+15.7%), from €50,473 to €58,399
- Gross operating margin +€37,150
up €37,150 (+52.4%), from €70,877 to €108,027
- Other operating charges +€17,266
up €17,266 (+1,004%), from €1,719 to €18,986
- Staff costs -€16,968
down €16,968 (-75.3%), from €22,529 to €5,561
- Financial charges +€16,763
up €16,763 (+224%), from €7,488 to €24,251
of which Non-recurring financial charges: +€9,522
- Taxes +€12,690
up €12,690 (+4,346%), from €292 to €12,982
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 | €400,962 | €295,417 | -€105,545 | -26.3% |
| Fixed assets | 21/28 | €138,529 | €107,463 | -€31,066 | -22.4% |
| Tangible fixed assets | 22/27 | €135,380 | €104,314 | -€31,066 | -22.9% |
| Land and buildings | 22 | €57,009 | €49,304 | -€7,705 | -13.5% |
| Plant, machinery and equipment | 23 | €22,171 | €18,105 | -€4,066 | -18.3% |
| Furniture and vehicles | 24 | €56,200 | €36,905 | -€19,295 | -34.3% |
| Financial fixed assets | 28 | €3,149 | €3,149 | = | 0.0% |
| Current assets | 29/58 | €262,433 | €187,954 | -€74,480 | -28.4% |
| Stocks and contracts in progress | 3 | €21,720 | €28,524 | +€6,805 | +31.3% |
| Stocks | 30/36 | €21,720 | €28,524 | +€6,805 | +31.3% |
| Amounts receivable within one year | 40/41 | €178,730 | €105,636 | -€73,094 | -40.9% |
| Trade receivables | 40 | €174,316 | €101,259 | -€73,056 | -41.9% |
| Other amounts receivable | 41 | €4,414 | €4,377 | -€37 | -0.8% |
| Cash at bank and in hand | 54/58 | €58,652 | €49,068 | -€9,584 | -16.3% |
| Deferred charges and accrued income | 490/1 | €3,332 | €4,725 | +€1,394 | +41.8% |
| Total equity and liabilities | 10/49 | €400,962 | €295,417 | -€105,545 | -26.3% |
| Equity | 10/15 | €69,073 | €76,999 | +€7,926 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,473 | €58,399 | +€7,926 | +15.7% |
| Distributable reserves | 133 | €50,473 | €58,399 | +€7,926 | +15.7% |
| Amounts payable | 17/49 | €331,889 | €218,417 | -€113,471 | -34.2% |
| Amounts payable after more than one year | 17 | €63,930 | €9,256 | -€54,675 | -85.5% |
| Financial debts | 170/4 | €63,930 | €9,256 | -€54,675 | -85.5% |
| Amounts payable within one year | 42/48 | €264,451 | €209,161 | -€55,289 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €9,339 | €6,341 | -€2,998 | -32.1% |
| Trade debts | 44 | €90,513 | €133,239 | +€42,726 | +47.2% |
| Suppliers | 440/4 | €90,513 | €133,239 | +€42,726 | +47.2% |
| Advances received on contracts in progress | 46 | €124,179 | €1,409 | -€122,771 | -98.9% |
| Taxes, remuneration and social security | 45 | €36,682 | €63,695 | +€27,013 | +73.6% |
| Taxes | 450/3 | €33,482 | €62,441 | +€28,959 | +86.5% |
| Remuneration and social security | 454/9 | €3,200 | €1,254 | -€1,946 | -60.8% |
| Other amounts payable | 47/48 | €3,738 | €4,478 | +€740 | +19.8% |
| Accrued charges and deferred income | 492/3 | €3,507 | - | -€3,507 | |
| Remuneration, social security and pensions | 62 | €22,529 | €5,561 | -€16,968 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,706 | €36,661 | +€955 | +2.7% |
| Other operating charges | 640/8 | €1,719 | €18,986 | +€17,266 | +1,004% |
| Gross operating margin | 9900 | €70,877 | €108,027 | +€37,150 | +52.4% |
| Operating profit (loss) | 9901 | €10,923 | €46,819 | +€35,896 | +329% |
| Financial income | 75/76B | €146 | €40 | -€106 | -72.6% |
| Recurring financial income | 75 | €146 | €40 | -€106 | -72.6% |
| Financial charges | 65/66B | €7,488 | €24,251 | +€16,763 | +224% |
| Recurring financial charges | 65 | €7,488 | €14,729 | +€7,241 | +96.7% |
| Non-recurring financial charges | 66B | - | €9,522 | +€9,522 | |
| Profit (loss) for the period before taxes | 9903 | €3,580 | €22,608 | +€19,028 | +532% |
| Income taxes | 67/77 | €292 | €12,982 | +€12,690 | +4,346% |
| Profit (loss) for the period | 9904 | €3,288 | €9,626 | +€6,338 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €3,288 | €9,626 | +€6,338 | +193% |
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 29 October 2026 via checked.be.