V-SOLVE: 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-SOLVE
Largest movements
- Current investments +€48,185
new in 2024: €48,185
- Cash +€38,309
up €38,309 (+29.2%), from €131,246 to €169,555
mainly Net result for the year (+€121,600) and Other debts (+€6,636)
- Receivables within one year +€14,000
up €14,000, from €0 to €14,000
of which Other amounts receivable: +€14,000
- Reserves +€121,600
up €121,600 (+76.3%), from €159,332 to €280,932
- Debts after one year -€28,571
down €28,571 (-25.0%), from €114,286 to €85,714
- Other debts +€6,636
up €6,636 (+10.0%), from €66,236 to €72,871
- Gross operating margin -€14,660
down €14,660 (-28.6%), from €51,185 to €36,526
- Taxes -€14,387
down €14,387 (-70.0%), from €20,542 to €6,156
- Financial income +€3,578
up €3,578 (+3.6%), from €100,000 to €103,578
- Financial charges +€2,813
up €2,813 (+32.9%), from €8,540 to €11,354
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 | €443,713 | €544,214 | +€100,501 | +22.7% |
| Fixed assets | 21/28 | €251,000 | €251,000 | = | 0.0% |
| Financial fixed assets | 28 | €251,000 | €251,000 | = | 0.0% |
| Current assets | 29/58 | €192,713 | €293,214 | +€100,501 | +52.2% |
| Stocks and contracts in progress | 3 | €61,219 | €61,219 | = | 0.0% |
| Stocks | 30/36 | €61,219 | €61,219 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €14,000 | +€14,000 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €14,000 | +€14,000 | |
| Current investments | 50/53 | - | €48,185 | +€48,185 | |
| Cash at bank and in hand | 54/58 | €131,246 | €169,555 | +€38,309 | +29.2% |
| Deferred charges and accrued income | 490/1 | €248 | €255 | +€7 | +2.8% |
| Total equity and liabilities | 10/49 | €443,713 | €544,214 | +€100,501 | +22.7% |
| Equity | 10/15 | €214,332 | €335,932 | +€121,600 | +56.7% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €159,332 | €280,932 | +€121,600 | +76.3% |
| Distributable reserves | 133 | €159,332 | €280,932 | +€121,600 | +76.3% |
| Amounts payable | 17/49 | €229,380 | €208,281 | -€21,099 | -9.2% |
| Amounts payable after more than one year | 17 | €114,286 | €85,714 | -€28,571 | -25.0% |
| Financial debts | 170/4 | €114,286 | €85,714 | -€28,571 | -25.0% |
| Amounts payable within one year | 42/48 | €115,095 | €122,567 | +€7,472 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €28,571 | €28,571 | = | 0.0% |
| Trade debts | 44 | €506 | €1,263 | +€757 | +149.5% |
| Suppliers | 440/4 | €506 | €1,263 | +€757 | +149.5% |
| Taxes, remuneration and social security | 45 | €19,781 | €19,861 | +€80 | +0.4% |
| Taxes | 450/3 | €17,698 | €17,746 | +€47 | +0.3% |
| Remuneration and social security | 454/9 | €2,083 | €2,116 | +€32 | +1.6% |
| Other amounts payable | 47/48 | €66,236 | €72,871 | +€6,636 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,475 | €995 | -€480 | -32.6% |
| Gross operating margin | 9900 | €51,185 | €36,526 | -€14,660 | -28.6% |
| Operating profit (loss) | 9901 | €49,710 | €35,531 | -€14,179 | -28.5% |
| Financial income | 75/76B | €100,000 | €103,578 | +€3,578 | +3.6% |
| Recurring financial income | 75 | €100,000 | €103,578 | +€3,578 | +3.6% |
| Financial charges | 65/66B | €8,540 | €11,354 | +€2,813 | +32.9% |
| Recurring financial charges | 65 | €8,540 | €11,354 | +€2,813 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €141,170 | €127,756 | -€13,415 | -9.5% |
| Income taxes | 67/77 | €20,542 | €6,156 | -€14,387 | -70.0% |
| Profit (loss) for the period | 9904 | €120,628 | €121,600 | +€972 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €120,628 | €121,600 | +€972 | +0.8% |
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 28 September 2026 via checked.be.