VVO-LEX: what changed
Two financial 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-LEX
Largest movements
- Cash -€285,631
down €285,631 (-49.5%), from €576,890 to €291,259
mainly Current investments (-€249,986) and Contributions, distributions and other (-€125,123)
- Current investments +€249,986
new in 2024: €249,986
- Receivables within one year +€102,149
up €102,149 (+168%), from €60,813 to €162,961
of which Trade receivables: +€102,491
- Tangible fixed assets -€42,103
down €42,103 (-5.0%), from €845,131 to €803,028
of which Furniture and vehicles: -€22,103
- Receivables after one year +€30,233
up €30,233 (+15.2%), from €199,267 to €229,501
- Reserves +€117,215
up €117,215 (+10.6%), from €1.1m to €1.2m
of which Distributable reserves: +€117,215
- Other debts +€39,608
up €39,608 (+46.3%), from €85,515 to €125,123
- Debts after one year -€37,450
down €37,450 (-14.3%), from €261,321 to €223,871
- Tax, wage and social debts -€21,052
down €21,052 (-28.8%), from €72,973 to €51,921
- Gross operating margin -€293,484
down €293,484 (-42.7%), from €687,013 to €393,529
- Other operating charges -€224,628
down €224,628 (-99.8%), from €225,103 to €475
- Taxes -€17,294
down €17,294 (-12.8%), from €134,713 to €117,419
- Financial income +€9,188
up €9,188 (+89.9%), from €10,215 to €19,403
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.
Derived cash bridge
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 | €1,777,658 | €1,840,313 | +€62,655 | +3.5% |
| Fixed assets | 21/28 | €845,331 | €803,228 | -€42,103 | -5.0% |
| Tangible fixed assets | 22/27 | €845,131 | €803,028 | -€42,103 | -5.0% |
| Land and buildings | 22 | €654,605 | €640,238 | -€14,367 | -2.2% |
| Plant, machinery and equipment | 23 | €39,532 | €34,188 | -€5,344 | -13.5% |
| Furniture and vehicles | 24 | €149,838 | €127,735 | -€22,103 | -14.8% |
| Other tangible fixed assets | 26 | €1,156 | €867 | -€289 | -25.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €932,327 | €1,037,085 | +€104,758 | +11.2% |
| Amounts receivable after more than one year | 29 | €199,267 | €229,501 | +€30,233 | +15.2% |
| Other amounts receivable | 291 | €199,267 | €229,501 | +€30,233 | +15.2% |
| Amounts receivable within one year | 40/41 | €60,813 | €162,961 | +€102,149 | +168% |
| Trade receivables | 40 | €59,993 | €162,483 | +€102,491 | +171% |
| Other amounts receivable | 41 | €820 | €478 | -€342 | -41.7% |
| Current investments | 50/53 | - | €249,986 | +€249,986 | |
| Cash at bank and in hand | 54/58 | €576,890 | €291,259 | -€285,631 | -49.5% |
| Deferred charges and accrued income | 490/1 | €95,357 | €103,378 | +€8,021 | +8.4% |
| Total equity and liabilities | 10/49 | €1,777,658 | €1,840,313 | +€62,655 | +3.5% |
| Equity | 10/15 | €1,240,029 | €1,357,243 | +€117,215 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,110,262 | €1,227,477 | +€117,215 | +10.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,110,262 | €1,227,477 | +€117,215 | +10.6% |
| Profit (loss) carried forward | 14 | €111,167 | €111,167 | = | 0.0% |
| Amounts payable | 17/49 | €537,629 | €483,070 | -€54,560 | -10.1% |
| Amounts payable after more than one year | 17 | €261,321 | €223,871 | -€37,450 | -14.3% |
| Financial debts | 170/4 | €261,321 | €223,871 | -€37,450 | -14.3% |
| Amounts payable within one year | 42/48 | €261,409 | €259,199 | -€2,210 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €48,494 | €49,117 | +€623 | +1.3% |
| Trade debts | 44 | €51,094 | €33,038 | -€18,056 | -35.3% |
| Suppliers | 440/4 | €51,094 | €33,038 | -€18,056 | -35.3% |
| Advances received on contracts in progress | 46 | €3,333 | €0 | -€3,333 | -100% |
| Taxes, remuneration and social security | 45 | €72,973 | €51,921 | -€21,052 | -28.8% |
| Taxes | 450/3 | €72,973 | €51,921 | -€21,052 | -28.8% |
| Other amounts payable | 47/48 | €85,515 | €125,123 | +€39,608 | +46.3% |
| Accrued charges and deferred income | 492/3 | €14,899 | €0 | -€14,899 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,259 | €44,349 | +€2,090 | +4.9% |
| Other operating charges | 640/8 | €225,103 | €475 | -€224,628 | -99.8% |
| Gross operating margin | 9900 | €687,013 | €393,529 | -€293,484 | -42.7% |
| Operating profit (loss) | 9901 | €419,651 | €348,705 | -€70,946 | -16.9% |
| Financial income | 75/76B | €10,215 | €19,403 | +€9,188 | +89.9% |
| Recurring financial income | 75 | €10,215 | €19,403 | +€9,188 | +89.9% |
| Financial charges | 65/66B | €8,655 | €8,351 | -€304 | -3.5% |
| Recurring financial charges | 65 | €8,655 | €8,351 | -€304 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €421,212 | €359,757 | -€61,455 | -14.6% |
| Income taxes | 67/77 | €134,713 | €117,419 | -€17,294 | -12.8% |
| Profit (loss) for the period | 9904 | €286,498 | €242,338 | -€44,160 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €286,498 | €242,338 | -€44,160 | -15.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.