REKVDV: 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.
REKVDV
Largest movements
- Receivables within one year -€55,339
down €55,339 (-49.8%), from €111,088 to €55,749
- Cash +€30,861
up €30,861 (+79.6%), from €38,781 to €69,642
mainly Receivables within one year (+€55,339) and Net result for the year (+€33,563)
- Tangible fixed assets -€12,222
down €12,222 (-20.7%), from €59,174 to €46,952
of which Furniture and vehicles: -€14,592
- Tax, wage and social debts -€64,172
down €64,172 (-80.0%), from €80,242 to €16,070
of which Taxes: -€62,711
- Reserves +€33,563
up €33,563 (+18.6%), from €180,383 to €213,946
- Other debts -€18,101
down €18,101 (-98.8%), from €18,326 to €225
- Trade debts +€16,203
up €16,203 (+177.3%), from €9,138 to €25,340
- Debts after one year -€7,574
down €7,574 (-43.2%), from €17,527 to €9,952
- Gross operating margin -€94,824
down €94,824 (-60.6%), from €156,565 to €61,740
- Taxes -€19,264
down €19,264 (-68.4%), from €28,165 to €8,901
- Staff costs -€7,362
down €7,362 (-90.1%), from €8,175 to €813
- Depreciation +€3,491
up €3,491 (+23.9%), from €14,620 to €18,111
- Financial income +€1,955
up €1,955 (+29980.1%), from €7 to €1,961
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €312,861 | €273,108 | -€39,754 | -12.7% |
| Fixed assets | 21/28 | €60,361 | €47,090 | -€13,272 | -22.0% |
| Intangible fixed assets | 21 | €187 | €137 | -€50 | -26.7% |
| Tangible fixed assets | 22/27 | €59,174 | €46,952 | -€12,222 | -20.7% |
| Plant, machinery and equipment | 23 | €4,926 | €7,297 | +€2,370 | +48.1% |
| Furniture and vehicles | 24 | €54,248 | €39,655 | -€14,592 | -26.9% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €252,500 | €226,018 | -€26,482 | -10.5% |
| Amounts receivable within one year | 40/41 | €111,088 | €55,749 | -€55,339 | -49.8% |
| Trade receivables | 40 | €111,088 | €55,749 | -€55,339 | -49.8% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,781 | €69,642 | +€30,861 | +79.6% |
| Deferred charges and accrued income | 490/1 | €2,631 | €628 | -€2,003 | -76.1% |
| Total equity and liabilities | 10/49 | €312,861 | €273,108 | -€39,754 | -12.7% |
| Equity | 10/15 | €180,383 | €213,946 | +€33,563 | +18.6% |
| Reserves | 13 | €180,383 | €213,946 | +€33,563 | +18.6% |
| Distributable reserves | 133 | €180,383 | €213,946 | +€33,563 | +18.6% |
| Amounts payable | 17/49 | €132,478 | €59,162 | -€73,316 | -55.3% |
| Amounts payable after more than one year | 17 | €17,527 | €9,952 | -€7,574 | -43.2% |
| Financial debts | 170/4 | €17,527 | €9,952 | -€7,574 | -43.2% |
| Amounts payable within one year | 42/48 | €114,952 | €49,210 | -€65,742 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €7,246 | €7,574 | +€328 | +4.5% |
| Trade debts | 44 | €9,138 | €25,340 | +€16,203 | +177.3% |
| Suppliers | 440/4 | €9,138 | €25,340 | +€16,203 | +177.3% |
| Taxes, remuneration and social security | 45 | €80,242 | €16,070 | -€64,172 | -80.0% |
| Taxes | 450/3 | €78,781 | €16,070 | -€62,711 | -79.6% |
| Remuneration and social security | 454/9 | €1,461 | - | -€1,461 | |
| Other amounts payable | 47/48 | €18,326 | €225 | -€18,101 | -98.8% |
| Remuneration, social security and pensions | 62 | €8,175 | €813 | -€7,362 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,620 | €18,111 | +€3,491 | +23.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €152 | - | -€152 | |
| Other operating charges | 640/8 | €823 | €1,154 | +€332 | +40.3% |
| Gross operating margin | 9900 | €156,565 | €61,740 | -€94,824 | -60.6% |
| Operating profit (loss) | 9901 | €132,795 | €41,662 | -€91,133 | -68.6% |
| Financial income | 75/76B | €7 | €1,961 | +€1,955 | +29980.1% |
| Recurring financial income | 75 | €7 | €1,961 | +€1,955 | +29980.1% |
| Financial charges | 65/66B | €1,474 | €1,160 | -€314 | -21.3% |
| Recurring financial charges | 65 | €1,474 | €1,160 | -€314 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €131,328 | €42,463 | -€88,865 | -67.7% |
| Income taxes | 67/77 | €28,165 | €8,901 | -€19,264 | -68.4% |
| Profit (loss) for the period | 9904 | €103,163 | €33,563 | -€69,601 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,163 | €33,563 | -€69,601 | -67.5% |
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 2 October 2026 via checked.be.