I.V.D.W.: 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.
I.V.D.W.
Largest movements
- Cash +€3,013
up €3,013 (+70.6%), from €4,269 to €7,282
mainly Other debts (+€28,201) and Trade debts (+€4,825)
- Stocks and contracts +€1,309
up €1,309 (+146%), from €894 to €2,202
- Tangible fixed assets -€1,264
down €1,264 (-13.9%), from €9,094 to €7,830
of which Land and buildings: -€1,134
- Receivables within one year -€322
down €322 (-73.0%), from €441 to €119
of which Trade receivables: -€429
- Profit (loss) carried forward -€30,305
down €30,305 (-150%), from -€20,244 to -€50,549
- Other debts +€28,201
up €28,201 (+287%), from €9,827 to €38,028
- Trade debts +€4,825
up €4,825 (+106%), from €4,540 to €9,365
- Gross operating margin -€13,465
down €13,465, from €5,644 to -€7,821
- Staff costs +€5,599
up €5,599 (+40.2%), from €13,945 to €19,544
- Other operating charges +€96
up €96 (+6.6%), from €1,450 to €1,546
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 | €14,699 | €17,433 | +€2,734 | +18.6% |
| Fixed assets | 21/28 | €9,094 | €7,830 | -€1,264 | -13.9% |
| Tangible fixed assets | 22/27 | €9,094 | €7,830 | -€1,264 | -13.9% |
| Land and buildings | 22 | €8,964 | €7,830 | -€1,134 | -12.6% |
| Plant, machinery and equipment | 23 | €131 | - | -€131 | |
| Current assets | 29/58 | €5,604 | €9,603 | +€3,999 | +71.4% |
| Stocks and contracts in progress | 3 | €894 | €2,202 | +€1,309 | +146% |
| Stocks | 30/36 | €894 | €2,202 | +€1,309 | +146% |
| Amounts receivable within one year | 40/41 | €441 | €119 | -€322 | -73.0% |
| Trade receivables | 40 | €441 | €13 | -€429 | -97.2% |
| Other amounts receivable | 41 | - | €107 | +€107 | |
| Cash at bank and in hand | 54/58 | €4,269 | €7,282 | +€3,013 | +70.6% |
| Total equity and liabilities | 10/49 | €14,699 | €17,433 | +€2,734 | +18.6% |
| Equity | 10/15 | -€1,644 | -€31,949 | -€30,305 | -1,844% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,244 | -€50,549 | -€30,305 | -150% |
| Amounts payable | 17/49 | €16,342 | €49,382 | +€33,040 | +202% |
| Amounts payable within one year | 42/48 | €16,342 | €49,382 | +€33,040 | +202% |
| Trade debts | 44 | €4,540 | €9,365 | +€4,825 | +106% |
| Suppliers | 440/4 | €4,540 | €9,365 | +€4,825 | +106% |
| Taxes, remuneration and social security | 45 | €1,975 | €1,989 | +€14 | +0.7% |
| Taxes | 450/3 | €537 | €844 | +€308 | +57.4% |
| Remuneration and social security | 454/9 | €1,439 | €1,145 | -€294 | -20.4% |
| Other amounts payable | 47/48 | €9,827 | €38,028 | +€28,201 | +287% |
| Remuneration, social security and pensions | 62 | €13,945 | €19,544 | +€5,599 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €1,264 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,450 | €1,546 | +€96 | +6.6% |
| Gross operating margin | 9900 | €5,644 | -€7,821 | -€13,465 | |
| Operating profit (loss) | 9901 | -€11,016 | -€30,176 | -€19,160 | -174% |
| Financial income | 75/76B | €2 | €2 | +€1 | +42.0% |
| Recurring financial income | 75 | €2 | €2 | +€1 | +42.0% |
| Financial charges | 65/66B | €96 | €131 | +€35 | +37.0% |
| Recurring financial charges | 65 | €96 | €131 | +€35 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,110 | -€30,305 | -€19,195 | -173% |
| Profit (loss) for the period | 9904 | -€11,110 | -€30,305 | -€19,195 | -173% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,110 | -€30,305 | -€19,195 | -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 23 October 2026 via checked.be.