DVR Advisory: 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.
DVR Advisory
Largest movements
- Cash +€32,860
up €32,860 (+89.3%), from €36,778 to €69,639
mainly Net result for the year (+€39,923) and Tax, wage and social debts (+€11,289)
- Current investments +€17,000
new in 2024: €17,000
- Tangible fixed assets -€1,080
down €1,080 (-61.6%), from €1,753 to €673
- Reserves +€39,923
up €39,923 (+119%), from €33,530 to €73,453
- Tax, wage and social debts +€11,289
up €11,289 (+79.7%), from €14,167 to €25,456
- Other debts -€1,441
no longer reported in 2024 (was €1,441)
- Trade debts -€1,156
down €1,156 (-60.0%), from €1,928 to €771
- Gross operating margin +€18,559
up €18,559 (+41.5%), from €44,704 to €63,263
- Taxes +€3,160
up €3,160 (+39.1%), from €8,080 to €11,240
- Other operating charges +€2,214
up €2,214 (+28.6%), from €7,729 to €9,943
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 | €52,066 | €100,680 | +€48,614 | +93.4% |
| Fixed assets | 21/28 | €1,753 | €673 | -€1,080 | -61.6% |
| Tangible fixed assets | 22/27 | €1,753 | €673 | -€1,080 | -61.6% |
| Plant, machinery and equipment | 23 | €1,753 | €673 | -€1,080 | -61.6% |
| Current assets | 29/58 | €50,313 | €100,007 | +€49,694 | +98.8% |
| Amounts receivable within one year | 40/41 | €11,289 | €10,981 | -€308 | -2.7% |
| Trade receivables | 40 | €11,194 | €10,981 | -€213 | -1.9% |
| Other amounts receivable | 41 | €95 | - | -€95 | |
| Current investments | 50/53 | - | €17,000 | +€17,000 | |
| Cash at bank and in hand | 54/58 | €36,778 | €69,639 | +€32,860 | +89.3% |
| Deferred charges and accrued income | 490/1 | €2,245 | €2,387 | +€142 | +6.3% |
| Total equity and liabilities | 10/49 | €52,066 | €100,680 | +€48,614 | +93.4% |
| Equity | 10/15 | €34,530 | €74,453 | +€39,923 | +116% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,530 | €73,453 | +€39,923 | +119% |
| Distributable reserves | 133 | €33,530 | €73,453 | +€39,923 | +119% |
| Amounts payable | 17/49 | €17,536 | €26,228 | +€8,692 | +49.6% |
| Amounts payable within one year | 42/48 | €17,536 | €26,228 | +€8,692 | +49.6% |
| Trade debts | 44 | €1,928 | €771 | -€1,156 | -60.0% |
| Suppliers | 440/4 | €1,928 | €771 | -€1,156 | -60.0% |
| Taxes, remuneration and social security | 45 | €14,167 | €25,456 | +€11,289 | +79.7% |
| Taxes | 450/3 | €14,167 | €25,456 | +€11,289 | +79.7% |
| Other amounts payable | 47/48 | €1,441 | - | -€1,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080 | €1,080 | = | 0.0% |
| Other operating charges | 640/8 | €7,729 | €9,943 | +€2,214 | +28.6% |
| Gross operating margin | 9900 | €44,704 | €63,263 | +€18,559 | +41.5% |
| Operating profit (loss) | 9901 | €35,894 | €52,240 | +€16,345 | +45.5% |
| Financial income | 75/76B | €2 | €22 | +€20 | +999% |
| Recurring financial income | 75 | €2 | €22 | +€20 | +999% |
| Financial charges | 65/66B | €1,305 | €1,099 | -€206 | -15.8% |
| Recurring financial charges | 65 | €1,305 | €1,099 | -€206 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €34,592 | €51,163 | +€16,571 | +47.9% |
| Income taxes | 67/77 | €8,080 | €11,240 | +€3,160 | +39.1% |
| Profit (loss) for the period | 9904 | €26,511 | €39,923 | +€13,411 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,511 | €39,923 | +€13,411 | +50.6% |
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 13 October 2026 via checked.be.