VVE: 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.
VVE
Largest movements
- Receivables within one year +€86,426
up €86,426 (+103.3%), from €83,647 to €170,073
of which Trade receivables: +€69,742
- Cash -€45,364
down €45,364 (-49.7%), from €91,281 to €45,917
mainly Receivables within one year (-€86,426) and Debts after one year (-€7,954)
- Tangible fixed assets -€14,026
down €14,026 (-43.3%), from €32,360 to €18,334
- Reserves +€30,000
up €30,000 (+27.3%), from €110,000 to €140,000
- Debts after one year -€7,954
down €7,954 (-79.5%), from €10,005 to €2,051
- Other debts +€7,381
up €7,381 (+283.7%), from €2,602 to €9,983
- Trade debts -€4,291
down €4,291 (-7.9%), from €54,009 to €49,718
- Tax, wage and social debts +€2,876
up €2,876 (+13.1%), from €21,904 to €24,780
of which Taxes: +€4,078
- Staff costs -€24,945
down €24,945 (-20.8%), from €120,100 to €95,155
- Depreciation -€7,981
down €7,981 (-31.4%), from €25,418 to €17,437
- Taxes +€7,236
up €7,236 (+919.4%), from €787 to €8,023
- Other operating charges -€2,578
down €2,578 (-62.2%), from €4,145 to €1,567
- Financial income +€2,254
up €2,254 (+112700.0%), from €2 to €2,256
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 | €215,390 | €242,012 | +€26,622 | +12.4% |
| Fixed assets | 21/28 | €32,360 | €18,334 | -€14,026 | -43.3% |
| Tangible fixed assets | 22/27 | €32,360 | €18,334 | -€14,026 | -43.3% |
| Furniture and vehicles | 24 | €32,360 | €18,334 | -€14,026 | -43.3% |
| Current assets | 29/58 | €183,030 | €223,678 | +€40,648 | +22.2% |
| Amounts receivable within one year | 40/41 | €83,647 | €170,073 | +€86,426 | +103.3% |
| Trade receivables | 40 | €77,175 | €146,917 | +€69,742 | +90.4% |
| Other amounts receivable | 41 | €6,472 | €23,156 | +€16,684 | +257.8% |
| Cash at bank and in hand | 54/58 | €91,281 | €45,917 | -€45,364 | -49.7% |
| Deferred charges and accrued income | 490/1 | €8,102 | €7,688 | -€414 | -5.1% |
| Total equity and liabilities | 10/49 | €215,390 | €242,012 | +€26,622 | +12.4% |
| Equity | 10/15 | €119,305 | €147,526 | +€28,221 | +23.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,000 | €140,000 | +€30,000 | +27.3% |
| Distributable reserves | 133 | €110,000 | €140,000 | +€30,000 | +27.3% |
| Profit (loss) carried forward | 14 | €6,305 | €4,526 | -€1,779 | -28.2% |
| Amounts payable | 17/49 | €96,085 | €94,486 | -€1,599 | -1.7% |
| Amounts payable after more than one year | 17 | €10,005 | €2,051 | -€7,954 | -79.5% |
| Financial debts | 170/4 | €10,005 | €2,051 | -€7,954 | -79.5% |
| Amounts payable within one year | 42/48 | €86,080 | €92,435 | +€6,355 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €7,565 | €7,954 | +€389 | +5.1% |
| Trade debts | 44 | €54,009 | €49,718 | -€4,291 | -7.9% |
| Suppliers | 440/4 | €54,009 | €49,718 | -€4,291 | -7.9% |
| Taxes, remuneration and social security | 45 | €21,904 | €24,780 | +€2,876 | +13.1% |
| Taxes | 450/3 | €10,490 | €14,568 | +€4,078 | +38.9% |
| Remuneration and social security | 454/9 | €11,414 | €10,212 | -€1,202 | -10.5% |
| Other amounts payable | 47/48 | €2,602 | €9,983 | +€7,381 | +283.7% |
| Remuneration, social security and pensions | 62 | €120,100 | €95,155 | -€24,945 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,418 | €17,437 | -€7,981 | -31.4% |
| Other operating charges | 640/8 | €4,145 | €1,567 | -€2,578 | -62.2% |
| Gross operating margin | 9900 | €154,330 | €153,682 | -€648 | -0.4% |
| Operating profit (loss) | 9901 | €4,667 | €39,523 | +€34,856 | +746.9% |
| Financial income | 75/76B | €2 | €2,256 | +€2,254 | +112700.0% |
| Recurring financial income | 75 | €2 | €2,256 | +€2,254 | +112700.0% |
| Financial charges | 65/66B | €3,613 | €5,535 | +€1,922 | +53.2% |
| Recurring financial charges | 65 | €3,613 | €5,535 | +€1,922 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €1,056 | €36,244 | +€35,188 | +3332.2% |
| Income taxes | 67/77 | €787 | €8,023 | +€7,236 | +919.4% |
| Profit (loss) for the period | 9904 | €269 | €28,221 | +€27,952 | +10391.1% |
| Profit (loss) for the period to be appropriated | 9905 | €269 | €28,221 | +€27,952 | +10391.1% |
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 3 October 2026 via checked.be.