V.D.: 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.
V.D.
Largest movements
- Current investments +€375,000
new in 2024: €375,000
- Profit (loss) carried forward +€363,374
up €363,374, from -€177,348 to €186,026
- Reserves +€28,540
new in 2024: €28,540
- Debts after one year -€17,488
down €17,488 (-13.0%), from €134,995 to €117,507
- Gross operating margin +€498,977
up €498,977 (+3012.4%), from €16,564 to €515,541
- Taxes +€111,571
new in 2024: €111,571
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 | €248,005 | €617,723 | +€369,718 | +149.1% |
| Fixed assets | 21/28 | €183,717 | €179,477 | -€4,240 | -2.3% |
| Tangible fixed assets | 22/27 | €183,717 | €179,477 | -€4,240 | -2.3% |
| Land and buildings | 22 | €183,176 | €179,189 | -€3,987 | -2.2% |
| Plant, machinery and equipment | 23 | €206 | €103 | -€103 | -50.0% |
| Furniture and vehicles | 24 | €335 | €185 | -€150 | -44.8% |
| Current assets | 29/58 | €64,287 | €438,246 | +€373,958 | +581.7% |
| Current investments | 50/53 | - | €375,000 | +€375,000 | |
| Cash at bank and in hand | 54/58 | €63,473 | €63,220 | -€253 | -0.4% |
| Deferred charges and accrued income | 490/1 | €814 | €26 | -€789 | -96.9% |
| Total equity and liabilities | 10/49 | €248,005 | €617,723 | +€369,718 | +149.1% |
| Equity | 10/15 | €108,052 | €499,966 | +€391,914 | +362.7% |
| Contributions | 10/11 | €285,400 | €285,400 | = | 0.0% |
| Capital | 10 | €285,400 | €285,400 | = | 0.0% |
| Issued capital | 100 | €285,400 | €285,400 | = | 0.0% |
| Reserves | 13 | - | €28,540 | +€28,540 | |
| Non-distributable reserves | 130/1 | - | €28,540 | +€28,540 | |
| Legal reserve | 130 | - | €28,540 | +€28,540 | |
| Profit (loss) carried forward | 14 | -€177,348 | €186,026 | +€363,374 | |
| Amounts payable | 17/49 | €139,953 | €117,757 | -€22,196 | -15.9% |
| Amounts payable after more than one year | 17 | €134,995 | €117,507 | -€17,488 | -13.0% |
| Other amounts payable | 178/9 | €134,995 | €117,507 | -€17,488 | -13.0% |
| Amounts payable within one year | 42/48 | €4,957 | €249 | -€4,708 | -95.0% |
| Trade debts | 44 | €4,957 | €249 | -€4,708 | -95.0% |
| Suppliers | 440/4 | €4,957 | €249 | -€4,708 | -95.0% |
| Non-recurring operating income | 76A | - | €498,357 | +€498,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,193 | €4,339 | +€146 | +3.5% |
| Other operating charges | 640/8 | €6,489 | €7,434 | +€946 | +14.6% |
| Gross operating margin | 9900 | €16,564 | €515,541 | +€498,977 | +3012.4% |
| Operating profit (loss) | 9901 | €5,883 | €503,768 | +€497,885 | +8463.6% |
| Financial charges | 65/66B | €280 | €283 | +€2 | +0.8% |
| Recurring financial charges | 65 | €280 | €283 | +€2 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €5,602 | €503,485 | +€497,883 | +8886.8% |
| Income taxes | 67/77 | - | €111,571 | +€111,571 | |
| Profit (loss) for the period | 9904 | €5,602 | €391,914 | +€386,312 | +6895.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,602 | €391,914 | +€386,312 | +6895.4% |
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 30 September 2026 via checked.be.