V.D.: what changed
V.D.
Largest movements
- Cash +€23,144
up €23,144 (+141%), from €16,465 to €39,609
mainly Net result for the year (+€22,822) and Tax, wage and social debts (+€9,736)
- Receivables within one year +€12,884
up €12,884 (+43.4%), from €29,711 to €42,595
of which Other amounts receivable: +€12,884
- Tangible fixed assets -€3,484
down €3,484 (-5.9%), from €58,904 to €55,420
- Reserves +€22,822
up €22,822 (+19.4%), from €117,459 to €140,280
of which Distributable reserves: +€22,822
- Tax, wage and social debts +€9,736
up €9,736 (+14.8%), from €65,576 to €75,312
- Gross operating margin +€4,452
up €4,452 (+10.1%), from €43,945 to €48,397
- Taxes -€4,280
down €4,280 (-16.3%), from €26,252 to €21,971
- Depreciation -€1,034
down €1,034 (-22.9%), from €4,518 to €3,484
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,780 | €316,324 | +€32,544 | +11.5% |
| Fixed assets | 21/28 | €237,604 | €234,120 | -€3,484 | -1.5% |
| Tangible fixed assets | 22/27 | €58,904 | €55,420 | -€3,484 | -5.9% |
| Land and buildings | 22 | €58,904 | €55,420 | -€3,484 | -5.9% |
| Financial fixed assets | 28 | €178,700 | €178,700 | = | 0.0% |
| Current assets | 29/58 | €46,177 | €82,205 | +€36,028 | +78.0% |
| Amounts receivable within one year | 40/41 | €29,711 | €42,595 | +€12,884 | +43.4% |
| Trade receivables | 40 | €15,865 | €15,865 | = | 0.0% |
| Other amounts receivable | 41 | €13,846 | €26,730 | +€12,884 | +93.0% |
| Cash at bank and in hand | 54/58 | €16,465 | €39,609 | +€23,144 | +141% |
| Total equity and liabilities | 10/49 | €283,780 | €316,324 | +€32,544 | +11.5% |
| Equity | 10/15 | €142,459 | €165,280 | +€22,822 | +16.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €117,459 | €140,280 | +€22,822 | +19.4% |
| Non-distributable reserves | 130/1 | €2,064 | €2,064 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,064 | €2,064 | = | 0.0% |
| Distributable reserves | 133 | €115,395 | €138,217 | +€22,822 | +19.8% |
| Amounts payable | 17/49 | €141,321 | €151,044 | +€9,722 | +6.9% |
| Amounts payable after more than one year | 17 | €75,467 | €75,467 | = | 0.0% |
| Other amounts payable | 178/9 | €75,467 | €75,467 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,855 | €75,577 | +€9,722 | +14.8% |
| Trade debts | 44 | €278 | €265 | -€13 | -4.8% |
| Suppliers | 440/4 | €278 | €265 | -€13 | -4.8% |
| Taxes, remuneration and social security | 45 | €65,576 | €75,312 | +€9,736 | +14.8% |
| Taxes | 450/3 | €65,576 | €75,312 | +€9,736 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,518 | €3,484 | -€1,034 | -22.9% |
| Other operating charges | 640/8 | €227 | €0 | -€227 | -100% |
| Gross operating margin | 9900 | €43,945 | €48,397 | +€4,452 | +10.1% |
| Operating profit (loss) | 9901 | €39,200 | €44,913 | +€5,713 | +14.6% |
| Financial charges | 65/66B | €24 | €120 | +€96 | +399% |
| Recurring financial charges | 65 | €24 | €120 | +€96 | +399% |
| Profit (loss) for the period before taxes | 9903 | €39,176 | €44,793 | +€5,617 | +14.3% |
| Income taxes | 67/77 | €26,252 | €21,971 | -€4,280 | -16.3% |
| Profit (loss) for the period | 9904 | €12,924 | €22,822 | +€9,897 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,924 | €22,822 | +€9,897 | +76.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.