DVVR: 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.
DVVR
Largest movements
- Receivables within one year +€71,541
up €71,541 (+46.2%), from €154,974 to €226,515
of which Trade receivables: +€41,000
- Financial fixed assets -€14,750
down €14,750 (-15.1%), from €97,500 to €82,750
- Deferred charges and accrued income +€10,747
new in 2024: €10,747
- Reserves +€68,963
up €68,963 (+57.3%), from €120,300 to €189,264
- Debts after one year -€15,321
down €15,321 (-17.5%), from €87,737 to €72,416
- Advances received +€13,128
up €13,128 (+11.8%), from €111,600 to €124,728
- Trade debts -€12,747
down €12,747 (-82.4%), from €15,467 to €2,721
- Tax, wage and social debts +€11,929
up €11,929 (+77.6%), from €15,372 to €27,301
- Gross operating margin +€65,218
up €65,218 (+104%), from €62,603 to €127,821
- Taxes +€17,329
up €17,329 (+97.0%), from €17,869 to €35,198
- Financial income +€3,134
up €3,134 (+78.8%), from €3,978 to €7,113
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 | €382,182 | €451,690 | +€69,509 | +18.2% |
| Fixed assets | 21/28 | €98,516 | €83,582 | -€14,933 | -15.2% |
| Tangible fixed assets | 22/27 | €1,016 | €832 | -€183 | -18.1% |
| Furniture and vehicles | 24 | €1,016 | €832 | -€183 | -18.1% |
| Financial fixed assets | 28 | €97,500 | €82,750 | -€14,750 | -15.1% |
| Current assets | 29/58 | €283,666 | €368,108 | +€84,442 | +29.8% |
| Amounts receivable after more than one year | 29 | €127,115 | €127,115 | = | 0.0% |
| Trade receivables | 290 | €127,115 | - | -€127,115 | |
| Other amounts receivable | 291 | - | €127,115 | +€127,115 | |
| Amounts receivable within one year | 40/41 | €154,974 | €226,515 | +€71,541 | +46.2% |
| Trade receivables | 40 | €59,500 | €100,500 | +€41,000 | +68.9% |
| Other amounts receivable | 41 | €95,474 | €126,015 | +€30,541 | +32.0% |
| Cash at bank and in hand | 54/58 | €1,578 | €3,731 | +€2,154 | +137% |
| Deferred charges and accrued income | 490/1 | - | €10,747 | +€10,747 | |
| Total equity and liabilities | 10/49 | €382,182 | €451,690 | +€69,509 | +18.2% |
| Equity | 10/15 | €122,240 | €191,204 | +€68,963 | +56.4% |
| Reserves | 13 | €120,300 | €189,264 | +€68,963 | +57.3% |
| Distributable reserves | 133 | €120,300 | €189,264 | +€68,963 | +57.3% |
| Profit (loss) carried forward | 14 | €1,940 | €1,940 | = | 0.0% |
| Amounts payable | 17/49 | €259,942 | €260,487 | +€545 | +0.2% |
| Amounts payable after more than one year | 17 | €87,737 | €72,416 | -€15,321 | -17.5% |
| Financial debts | 170/4 | €87,737 | €72,416 | -€15,321 | -17.5% |
| Amounts payable within one year | 42/48 | €172,204 | €188,070 | +€15,866 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €21,991 | €20,321 | -€1,670 | -7.6% |
| Trade debts | 44 | €15,467 | €2,721 | -€12,747 | -82.4% |
| Suppliers | 440/4 | €15,467 | €2,721 | -€12,747 | -82.4% |
| Advances received on contracts in progress | 46 | €111,600 | €124,728 | +€13,128 | +11.8% |
| Taxes, remuneration and social security | 45 | €15,372 | €27,301 | +€11,929 | +77.6% |
| Taxes | 450/3 | €15,372 | €27,301 | +€11,929 | +77.6% |
| Other amounts payable | 47/48 | €7,774 | €13,000 | +€5,226 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,000 | €15,183 | +€183 | +1.2% |
| Other operating charges | 640/8 | €1,527 | €778 | -€749 | -49.0% |
| Gross operating margin | 9900 | €62,603 | €127,821 | +€65,218 | +104% |
| Operating profit (loss) | 9901 | €46,076 | €111,860 | +€65,784 | +143% |
| Financial income | 75/76B | €3,978 | €7,113 | +€3,134 | +78.8% |
| Recurring financial income | 75 | €3,978 | €7,113 | +€3,134 | +78.8% |
| Financial charges | 65/66B | €2,165 | €1,810 | -€354 | -16.4% |
| Recurring financial charges | 65 | €2,165 | €1,810 | -€354 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €47,889 | €117,162 | +€69,272 | +145% |
| Income taxes | 67/77 | €17,869 | €35,198 | +€17,329 | +97.0% |
| Profit (loss) for the period | 9904 | €30,021 | €81,963 | +€51,943 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €30,021 | €81,963 | +€51,943 | +173% |
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 24 October 2026 via checked.be.