V.VALUE: 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.VALUE
Largest movements
- Cash -€16,769
down €16,769 (-31.2%), from €53,683 to €36,914
mainly Trade debts (-€15,031) and Net result for the year (-€6,430)
- Tangible fixed assets -€11,044
down €11,044 (-94.0%), from €11,753 to €709
of which Furniture and vehicles: -€10,427
- Receivables within one year -€7,945
down €7,945 (-59.2%), from €13,428 to €5,483
of which Trade receivables: -€7,884
- Stocks and contracts +€3,619
up €3,619 (+15.3%), from €23,611 to €27,230
- Trade debts -€15,031
down €15,031 (-92.6%), from €16,231 to €1,200
- Profit (loss) carried forward -€6,430
down €6,430 (-16.1%), from €39,982 to €33,552
- Tax, wage and social debts -€5,072
down €5,072 (-24.9%), from €20,405 to €15,334
- Current portion of long-term debt -€3,208
down €3,208 (-65.3%), from €4,912 to €1,704
- Debts after one year -€1,704
no longer reported in 2024 (was €1,704)
- Gross operating margin -€29,106
down €29,106 (-77.5%), from €37,534 to €8,427
- Depreciation -€7,850
down €7,850 (-92.7%), from €8,468 to €618
- Taxes -€6,503
down €6,503 (-100.0%), from €6,504 to €0
- Other operating charges +€1,168
up €1,168 (+132.5%), from €882 to €2,050
- Financial charges +€1,150
up €1,150 (+150.4%), from €764 to €1,914
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 | €103,129 | €70,336 | -€32,792 | -31.8% |
| Fixed assets | 21/28 | €11,753 | €709 | -€11,044 | -94.0% |
| Tangible fixed assets | 22/27 | €11,753 | €709 | -€11,044 | -94.0% |
| Land and buildings | 22 | €1,327 | €709 | -€618 | -46.6% |
| Furniture and vehicles | 24 | €10,427 | - | -€10,427 | |
| Current assets | 29/58 | €91,375 | €69,627 | -€21,748 | -23.8% |
| Stocks and contracts in progress | 3 | €23,611 | €27,230 | +€3,619 | +15.3% |
| Stocks | 30/36 | €23,611 | €27,230 | +€3,619 | +15.3% |
| Amounts receivable within one year | 40/41 | €13,428 | €5,483 | -€7,945 | -59.2% |
| Trade receivables | 40 | €9,173 | €1,289 | -€7,884 | -85.9% |
| Other amounts receivable | 41 | €4,255 | €4,194 | -€61 | -1.4% |
| Cash at bank and in hand | 54/58 | €53,683 | €36,914 | -€16,769 | -31.2% |
| Deferred charges and accrued income | 490/1 | €654 | - | -€654 | |
| Total equity and liabilities | 10/49 | €103,129 | €70,336 | -€32,792 | -31.8% |
| Equity | 10/15 | €40,482 | €34,052 | -€6,430 | -15.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Outside capital | 11 | - | €500 | +€500 | |
| Other | 1109/19 | - | €500 | +€500 | |
| Profit (loss) carried forward | 14 | €39,982 | €33,552 | -€6,430 | -16.1% |
| Amounts payable | 17/49 | €62,646 | €36,284 | -€26,363 | -42.1% |
| Amounts payable after more than one year | 17 | €1,704 | - | -€1,704 | |
| Financial debts | 170/4 | €1,704 | - | -€1,704 | |
| Amounts payable within one year | 42/48 | €60,591 | €36,284 | -€24,307 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €4,912 | €1,704 | -€3,208 | -65.3% |
| Trade debts | 44 | €16,231 | €1,200 | -€15,031 | -92.6% |
| Suppliers | 440/4 | €16,231 | €1,200 | -€15,031 | -92.6% |
| Taxes, remuneration and social security | 45 | €20,405 | €15,334 | -€5,072 | -24.9% |
| Taxes | 450/3 | €20,405 | €15,334 | -€5,072 | -24.9% |
| Other amounts payable | 47/48 | €19,043 | €18,046 | -€997 | -5.2% |
| Accrued charges and deferred income | 492/3 | €352 | - | -€352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,468 | €618 | -€7,850 | -92.7% |
| Other operating charges | 640/8 | €882 | €2,050 | +€1,168 | +132.5% |
| Non-recurring operating charges | 66A | - | €10,344 | +€10,344 | |
| Gross operating margin | 9900 | €37,534 | €8,427 | -€29,106 | -77.5% |
| Operating profit (loss) | 9901 | €28,184 | -€4,584 | -€32,768 | |
| Financial income | 75/76B | €0 | €69 | +€68 | +25285.2% |
| Recurring financial income | 75 | €0 | €69 | +€68 | +25285.2% |
| Financial charges | 65/66B | €764 | €1,914 | +€1,150 | +150.4% |
| Recurring financial charges | 65 | €764 | €1,914 | +€1,150 | +150.4% |
| Profit (loss) for the period before taxes | 9903 | €27,420 | -€6,429 | -€33,850 | |
| Income taxes | 67/77 | €6,504 | €0 | -€6,503 | -100.0% |
| Profit (loss) for the period | 9904 | €20,917 | -€6,430 | -€27,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,917 | -€6,430 | -€27,346 |
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 1 October 2026 via checked.be.