A-DVS: 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.
A-DVS
Largest movements
- Financial fixed assets +€435,000
up €435,000 (+145.0%), from €300,000 to €735,000
- Cash +€47,173
up €47,173 (+128.3%), from €36,774 to €83,947
mainly Other debts (+€536,365) and Net result for the year (+€104,229)
- Other debts +€536,365
up €536,365 (+902.6%), from €59,424 to €595,788
- Reserves -€40,237
down €40,237 (-38.8%), from €103,761 to €63,524
- Debts after one year -€28,588
down €28,588 (-24.3%), from €117,469 to €88,881
- Tax, wage and social debts +€14,113
up €14,113 (+61.5%), from €22,941 to €37,053
of which Taxes: +€14,286
- Financial income +€52,000
up €52,000 (+162.5%), from €32,000 to €84,000
- Gross operating margin +€5,735
up €5,735 (+18.8%), from €30,510 to €36,245
- Financial charges -€1,931
down €1,931 (-18.7%), from €10,307 to €8,376
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €338,692 | €820,906 | +€482,214 | +142.4% |
| Fixed assets | 21/28 | €300,000 | €735,000 | +€435,000 | +145.0% |
| Financial fixed assets | 28 | €300,000 | €735,000 | +€435,000 | +145.0% |
| Current assets | 29/58 | €38,692 | €85,906 | +€47,214 | +122.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,774 | €83,947 | +€47,173 | +128.3% |
| Deferred charges and accrued income | 490/1 | €1,918 | €1,959 | +€41 | +2.1% |
| Total equity and liabilities | 10/49 | €338,692 | €820,906 | +€482,214 | +142.4% |
| Equity | 10/15 | €105,761 | €65,524 | -€40,237 | -38.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €103,761 | €63,524 | -€40,237 | -38.8% |
| Distributable reserves | 133 | €103,761 | €63,524 | -€40,237 | -38.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €232,931 | €755,382 | +€522,452 | +224.3% |
| Amounts payable after more than one year | 17 | €117,469 | €88,881 | -€28,588 | -24.3% |
| Financial debts | 170/4 | €117,469 | €88,881 | -€28,588 | -24.3% |
| Amounts payable within one year | 42/48 | €110,566 | €662,672 | +€552,105 | +499.3% |
| Current portion of amounts payable after more than one year | 42 | €27,676 | €28,588 | +€912 | +3.3% |
| Trade debts | 44 | €526 | €1,241 | +€716 | +136.1% |
| Suppliers | 440/4 | €526 | €1,241 | +€716 | +136.1% |
| Taxes, remuneration and social security | 45 | €22,941 | €37,053 | +€14,113 | +61.5% |
| Taxes | 450/3 | €22,767 | €37,053 | +€14,286 | +62.7% |
| Remuneration and social security | 454/9 | €173 | €0 | -€173 | -100.0% |
| Other amounts payable | 47/48 | €59,424 | €595,788 | +€536,365 | +902.6% |
| Accrued charges and deferred income | 492/3 | €4,895 | €3,830 | -€1,065 | -21.8% |
| Other operating charges | 640/8 | €1,179 | €1,080 | -€99 | -8.4% |
| Gross operating margin | 9900 | €30,510 | €36,245 | +€5,735 | +18.8% |
| Operating profit (loss) | 9901 | €29,331 | €35,165 | +€5,835 | +19.9% |
| Financial income | 75/76B | €32,000 | €84,000 | +€52,000 | +162.5% |
| Recurring financial income | 75 | €32,000 | €84,000 | +€52,000 | +162.5% |
| Financial charges | 65/66B | €10,307 | €8,376 | -€1,931 | -18.7% |
| Recurring financial charges | 65 | €10,307 | €8,376 | -€1,931 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €51,024 | €110,790 | +€59,766 | +117.1% |
| Income taxes | 67/77 | €6,558 | €6,561 | +€3 | 0.0% |
| Profit (loss) for the period | 9904 | €44,466 | €104,229 | +€59,763 | +134.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,466 | €104,229 | +€59,763 | +134.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.