VVO: 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.
VVO
Largest movements
- Cash -€40,408
down €40,408 (-22.5%), from €179,436 to €139,028
mainly Net result for the year (-€122,015) and Accrued charges and deferred income (-€11,751)
- Tangible fixed assets -€13,396
down €13,396 (-31.0%), from €43,238 to €29,842
of which Other tangible fixed assets: -€7,783
- Receivables within one year -€7,013
down €7,013 (-9.2%), from €76,363 to €69,350
of which Trade receivables: -€16,941
- Profit (loss) carried forward -€122,015
down €122,015 (-49.6%), from -€246,189 to -€368,204
- Trade debts +€68,928
up €68,928 (+14.8%), from €466,603 to €535,531
- Accrued charges and deferred income -€11,751
down €11,751 (-80.6%), from €14,573 to €2,822
- Tax, wage and social debts -€9,016
down €9,016 (-15.4%), from €58,634 to €49,618
of which Taxes: -€5,902
- Provisions +€8,448
new in 2024: €8,448
- Staff costs -€95,597
down €95,597 (-24.3%), from €393,745 to €298,149
- Gross operating margin -€92,137
down €92,137 (-29.7%), from €310,184 to €218,047
- Depreciation -€19,007
down €19,007 (-53.7%), from €35,364 to €16,357
- Provisions +€8,448
new in 2024: €8,448
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €353,769 | €288,364 | -€65,405 | -18.5% |
| Fixed assets | 21/28 | €62,555 | €47,475 | -€15,080 | -24.1% |
| Intangible fixed assets | 21 | €1,774 | - | -€1,774 | |
| Tangible fixed assets | 22/27 | €43,238 | €29,842 | -€13,396 | -31.0% |
| Plant, machinery and equipment | 23 | €15,861 | €10,247 | -€5,613 | -35.4% |
| Other tangible fixed assets | 26 | €27,378 | €19,595 | -€7,783 | -28.4% |
| Financial fixed assets | 28 | €17,543 | €17,633 | +€90 | +0.5% |
| Current assets | 29/58 | €291,214 | €240,889 | -€50,325 | -17.3% |
| Stocks and contracts in progress | 3 | €34,325 | €31,501 | -€2,824 | -8.2% |
| Stocks | 30/36 | €34,325 | €31,501 | -€2,824 | -8.2% |
| Amounts receivable within one year | 40/41 | €76,363 | €69,350 | -€7,013 | -9.2% |
| Trade receivables | 40 | €76,033 | €59,092 | -€16,941 | -22.3% |
| Other amounts receivable | 41 | €330 | €10,258 | +€9,928 | +3008.4% |
| Cash at bank and in hand | 54/58 | €179,436 | €139,028 | -€40,408 | -22.5% |
| Deferred charges and accrued income | 490/1 | €1,090 | €1,010 | -€80 | -7.4% |
| Total equity and liabilities | 10/49 | €353,769 | €288,364 | -€65,405 | -18.5% |
| Equity | 10/15 | -€186,041 | -€308,056 | -€122,015 | -65.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €148 | €148 | = | 0.0% |
| Tax-exempt reserves | 132 | €148 | €148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€246,189 | -€368,204 | -€122,015 | -49.6% |
| Provisions and deferred taxes | 16 | - | €8,448 | +€8,448 | |
| Provisions for liabilities and charges | 160/5 | - | €8,448 | +€8,448 | |
| Other liabilities and charges | 164/5 | - | €8,448 | +€8,448 | |
| Amounts payable | 17/49 | €539,810 | €587,972 | +€48,161 | +8.9% |
| Amounts payable within one year | 42/48 | €525,238 | €585,150 | +€59,912 | +11.4% |
| Trade debts | 44 | €466,603 | €535,531 | +€68,928 | +14.8% |
| Suppliers | 440/4 | €466,603 | €535,531 | +€68,928 | +14.8% |
| Taxes, remuneration and social security | 45 | €58,634 | €49,618 | -€9,016 | -15.4% |
| Taxes | 450/3 | €10,079 | €4,177 | -€5,902 | -58.6% |
| Remuneration and social security | 454/9 | €48,555 | €45,441 | -€3,114 | -6.4% |
| Accrued charges and deferred income | 492/3 | €14,573 | €2,822 | -€11,751 | -80.6% |
| Remuneration, social security and pensions | 62 | €393,745 | €298,149 | -€95,597 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,364 | €16,357 | -€19,007 | -53.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €8,448 | +€8,448 | |
| Other operating charges | 640/8 | €11,194 | €10,995 | -€199 | -1.8% |
| Non-recurring operating charges | 66A | €18 | - | -€18 | |
| Gross operating margin | 9900 | €310,184 | €218,047 | -€92,137 | -29.7% |
| Operating profit (loss) | 9901 | -€130,137 | -€115,902 | +€14,235 | +10.9% |
| Financial income | 75/76B | €2,566 | €3,840 | +€1,274 | +49.6% |
| Recurring financial income | 75 | €2,566 | €3,840 | +€1,274 | +49.6% |
| Financial charges | 65/66B | €10,795 | €9,794 | -€1,001 | -9.3% |
| Recurring financial charges | 65 | €10,795 | €9,794 | -€1,001 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€138,366 | -€121,856 | +€16,510 | +11.9% |
| Income taxes | 67/77 | €254 | €159 | -€95 | -37.4% |
| Profit (loss) for the period | 9904 | -€138,620 | -€122,015 | +€16,605 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€138,620 | -€122,015 | +€16,605 | +12.0% |
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 7 October 2026 via checked.be.