D.L.V.G.: what changed
D.L.V.G.
Largest movements
- Receivables within one year +€5,236
up €5,236 (+1,617%), from €324 to €5,559
- Stocks and contracts -€2,448
down €2,448 (-50.0%), from €4,897 to €2,448
- Deferred charges and accrued income -€837
down €837 (-42.3%), from €1,980 to €1,143
- Other debts +€20,428
up €20,428 (+1,933%), from €1,057 to €21,484
- Profit (loss) carried forward -€15,114
down €15,114 (-61.6%), from -€24,529 to -€39,643
- Short-term financial debts -€3,243
down €3,243 (-48.5%), from €6,680 to €3,437
of which Credit institutions: -€6,680
- Tax, wage and social debts -€388
down €388 (-11.0%), from €3,522 to €3,134
- Trade debts +€238
up €238 (+7.8%), from €3,051 to €3,289
- Gross operating margin +€1,322
up €1,322 (+9.7%), from -€13,593 to -€12,271
- Depreciation -€458
down €458 (-94.0%), from €487 to €29
- Financial charges +€172
up €172 (+8.8%), from €1,950 to €2,121
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,381 | €10,302 | +€1,921 | +22.9% |
| Fixed assets | 21/28 | €1,180 | €1,151 | -€29 | -2.5% |
| Tangible fixed assets | 22/27 | €29 | - | -€29 | |
| Furniture and vehicles | 24 | €29 | - | -€29 | |
| Financial fixed assets | 28 | €1,151 | €1,151 | = | 0.0% |
| Current assets | 29/58 | €7,201 | €9,151 | +€1,950 | +27.1% |
| Stocks and contracts in progress | 3 | €4,897 | €2,448 | -€2,448 | -50.0% |
| Stocks | 30/36 | €4,897 | €2,448 | -€2,448 | -50.0% |
| Amounts receivable within one year | 40/41 | €324 | €5,559 | +€5,236 | +1,617% |
| Trade receivables | 40 | €324 | €5,559 | +€5,236 | +1,617% |
| Deferred charges and accrued income | 490/1 | €1,980 | €1,143 | -€837 | -42.3% |
| Total equity and liabilities | 10/49 | €8,381 | €10,302 | +€1,921 | +22.9% |
| Equity | 10/15 | -€5,929 | -€21,042 | -€15,114 | -255% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,529 | -€39,643 | -€15,114 | -61.6% |
| Amounts payable | 17/49 | €14,310 | €31,345 | +€17,035 | +119% |
| Amounts payable within one year | 42/48 | €14,310 | €31,345 | +€17,035 | +119% |
| Financial debts | 43 | €6,680 | €3,437 | -€3,243 | -48.5% |
| Credit institutions | 430/8 | €6,680 | - | -€6,680 | |
| Other loans | 439 | - | €3,437 | +€3,437 | |
| Trade debts | 44 | €3,051 | €3,289 | +€238 | +7.8% |
| Suppliers | 440/4 | €3,051 | €3,289 | +€238 | +7.8% |
| Taxes, remuneration and social security | 45 | €3,522 | €3,134 | -€388 | -11.0% |
| Taxes | 450/3 | €3,522 | €3,134 | -€388 | -11.0% |
| Other amounts payable | 47/48 | €1,057 | €21,484 | +€20,428 | +1,933% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €29 | -€458 | -94.0% |
| Other operating charges | 640/8 | €588 | €692 | +€104 | +17.6% |
| Gross operating margin | 9900 | -€13,593 | -€12,271 | +€1,322 | +9.7% |
| Operating profit (loss) | 9901 | -€14,668 | -€12,992 | +€1,676 | +11.4% |
| Financial charges | 65/66B | €1,950 | €2,121 | +€172 | +8.8% |
| Recurring financial charges | 65 | €1,950 | €2,121 | +€172 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,618 | -€15,114 | +€1,504 | +9.1% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€16,618 | -€15,114 | +€1,504 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,618 | -€15,114 | +€1,504 | +9.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.