D&V CONCEPT: 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.
D&V CONCEPT
Largest movements
- Cash +€77,297
up €77,297 (+115.8%), from €66,728 to €144,025
mainly Current investments (+€50,000) and Other debts (+€21,615)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tangible fixed assets -€14,666
down €14,666 (-13.0%), from €113,004 to €98,338
of which Land and buildings: -€8,392
- Receivables within one year -€10,887
down €10,887 (-37.6%), from €28,953 to €18,067
of which Other amounts receivable: -€9,012
- Debts after one year -€21,742
down €21,742 (-66.7%), from €32,574 to €10,832
- Other debts +€21,615
up €21,615 (+35.0%), from €61,836 to €83,450
- Reserves -€4,000
down €4,000 (-9.1%), from €43,929 to €39,929
of which Distributable reserves: -€4,000
- Tax, wage and social debts +€3,433
up €3,433 (+121.1%), from €2,836 to €6,268
of which Taxes: +€3,426
- Profit (loss) carried forward +€2,979
up €2,979 (+3.9%), from €76,522 to €79,501
- Gross operating margin +€18,199
up €18,199 (+53.8%), from €33,839 to €52,038
- Taxes +€7,810
up €7,810 (+1456.3%), from €536 to €8,346
- Depreciation -€4,389
down €4,389 (-18.2%), from €24,168 to €19,779
- Financial income -€1,718
down €1,718 (-72.3%), from €2,375 to €657
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 | €261,165 | €262,976 | +€1,811 | +0.7% |
| Fixed assets | 21/28 | €113,139 | €98,473 | -€14,666 | -13.0% |
| Tangible fixed assets | 22/27 | €113,004 | €98,338 | -€14,666 | -13.0% |
| Land and buildings | 22 | €67,216 | €58,824 | -€8,392 | -12.5% |
| Plant, machinery and equipment | 23 | €45,072 | €37,420 | -€7,652 | -17.0% |
| Furniture and vehicles | 24 | €716 | €2,094 | +€1,378 | +192.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €148,026 | €164,503 | +€16,476 | +11.1% |
| Amounts receivable within one year | 40/41 | €28,953 | €18,067 | -€10,887 | -37.6% |
| Trade receivables | 40 | €19,091 | €17,216 | -€1,875 | -9.8% |
| Other amounts receivable | 41 | €9,863 | €851 | -€9,012 | -91.4% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €66,728 | €144,025 | +€77,297 | +115.8% |
| Deferred charges and accrued income | 490/1 | €2,345 | €2,411 | +€66 | +2.8% |
| Total equity and liabilities | 10/49 | €261,165 | €262,976 | +€1,811 | +0.7% |
| Equity | 10/15 | €139,051 | €138,031 | -€1,021 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €43,929 | €39,929 | -€4,000 | -9.1% |
| Tax-exempt reserves | 132 | €7,069 | €7,069 | = | 0.0% |
| Distributable reserves | 133 | €36,860 | €32,860 | -€4,000 | -10.9% |
| Profit (loss) carried forward | 14 | €76,522 | €79,501 | +€2,979 | +3.9% |
| Amounts payable | 17/49 | €122,114 | €124,945 | +€2,831 | +2.3% |
| Amounts payable after more than one year | 17 | €32,574 | €10,832 | -€21,742 | -66.7% |
| Financial debts | 170/4 | €32,574 | €10,832 | -€21,742 | -66.7% |
| Amounts payable within one year | 42/48 | €89,540 | €114,113 | +€24,573 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €21,217 | €21,742 | +€525 | +2.5% |
| Trade debts | 44 | €3,652 | €2,653 | -€999 | -27.4% |
| Suppliers | 440/4 | €3,652 | €2,653 | -€999 | -27.4% |
| Taxes, remuneration and social security | 45 | €2,836 | €6,268 | +€3,433 | +121.1% |
| Taxes | 450/3 | €1,509 | €4,935 | +€3,426 | +227.0% |
| Remuneration and social security | 454/9 | €1,326 | €1,333 | +€7 | +0.5% |
| Other amounts payable | 47/48 | €61,836 | €83,450 | +€21,615 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,168 | €19,779 | -€4,389 | -18.2% |
| Gross operating margin | 9900 | €33,839 | €52,038 | +€18,199 | +53.8% |
| Operating profit (loss) | 9901 | €9,672 | €32,259 | +€22,587 | +233.5% |
| Financial income | 75/76B | €2,375 | €657 | -€1,718 | -72.3% |
| Recurring financial income | 75 | €2,375 | €657 | -€1,718 | -72.3% |
| Financial charges | 65/66B | €6,024 | €5,591 | -€434 | -7.2% |
| Recurring financial charges | 65 | €6,024 | €5,591 | -€434 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €6,022 | €27,326 | +€21,303 | +353.7% |
| Income taxes | 67/77 | €536 | €8,346 | +€7,810 | +1456.3% |
| Profit (loss) for the period | 9904 | €5,486 | €18,979 | +€13,493 | +246.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,486 | €18,979 | +€13,493 | +246.0% |
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 9 October 2026 via checked.be.