XV MANAGEMENT: 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.
XV MANAGEMENT
Largest movements
- Cash +€81,960
up €81,960 (+134.9%), from €60,751 to €142,711
mainly Net result for the year (+€32,991) and Advances received (+€24,200)
- Receivables within one year -€10,654
down €10,654 (-94.3%), from €11,300 to €646
- Profit (loss) carried forward +€32,991
up €32,991 (+78.1%), from €42,232 to €75,223
- Advances received +€24,200
new in 2024: €24,200
- Tax, wage and social debts +€13,268
up €13,268 (+56.3%), from €23,587 to €36,855
- Gross operating margin -€4,550
down €4,550 (-8.4%), from €53,898 to €49,348
- Other operating charges +€4,080
up €4,080 (+8160.0%), from €50 to €4,130
- Financial charges +€624
up €624 (+1248.0%), from €50 to €674
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 | €72,051 | €144,662 | +€72,611 | +100.8% |
| Fixed assets | 21/28 | - | €980 | +€980 | |
| Tangible fixed assets | 22/27 | - | €980 | +€980 | |
| Furniture and vehicles | 24 | - | €980 | +€980 | |
| Current assets | 29/58 | €72,051 | €143,682 | +€71,631 | +99.4% |
| Stocks and contracts in progress | 3 | - | €325 | +€325 | |
| Stocks | 30/36 | - | €325 | +€325 | |
| Amounts receivable within one year | 40/41 | €11,300 | €646 | -€10,654 | -94.3% |
| Trade receivables | 40 | €11,300 | €646 | -€10,654 | -94.3% |
| Cash at bank and in hand | 54/58 | €60,751 | €142,711 | +€81,960 | +134.9% |
| Total equity and liabilities | 10/49 | €72,051 | €144,662 | +€72,611 | +100.8% |
| Equity | 10/15 | €45,232 | €78,223 | +€32,991 | +72.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,232 | €75,223 | +€32,991 | +78.1% |
| Amounts payable | 17/49 | €26,819 | €66,439 | +€39,620 | +147.7% |
| Amounts payable within one year | 42/48 | €25,579 | €64,859 | +€39,280 | +153.6% |
| Trade debts | 44 | €802 | €1,564 | +€762 | +95.0% |
| Suppliers | 440/4 | €624 | €460 | -€164 | -26.3% |
| Bills of exchange payable | 441 | €178 | €1,104 | +€926 | +520.2% |
| Advances received on contracts in progress | 46 | - | €24,200 | +€24,200 | |
| Taxes, remuneration and social security | 45 | €23,587 | €36,855 | +€13,268 | +56.3% |
| Taxes | 450/3 | €23,587 | €36,855 | +€13,268 | +56.3% |
| Other amounts payable | 47/48 | €1,190 | €2,240 | +€1,050 | +88.2% |
| Accrued charges and deferred income | 492/3 | €1,240 | €1,580 | +€340 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €88 | +€88 | |
| Other operating charges | 640/8 | €50 | €4,130 | +€4,080 | +8160.0% |
| Gross operating margin | 9900 | €53,898 | €49,348 | -€4,550 | -8.4% |
| Operating profit (loss) | 9901 | €53,848 | €45,130 | -€8,718 | -16.2% |
| Financial charges | 65/66B | €50 | €674 | +€624 | +1248.0% |
| Recurring financial charges | 65 | €50 | €674 | +€624 | +1248.0% |
| Profit (loss) for the period before taxes | 9903 | €53,798 | €44,456 | -€9,342 | -17.4% |
| Income taxes | 67/77 | €11,566 | €11,465 | -€101 | -0.9% |
| Profit (loss) for the period | 9904 | €42,232 | €32,991 | -€9,241 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,232 | €32,991 | -€9,241 | -21.9% |
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.