D.V. Expertise: 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. Expertise
Largest movements
- Cash +€7,793
up €7,793 (+16.3%), from €47,742 to €55,535
mainly Net result for the year (+€9,272) and Tax, wage and social debts (+€3,269)
- Tangible fixed assets +€3,611
up €3,611 (+482%), from €749 to €4,360
- Receivables within one year +€1,128
up €1,128 (+8.0%), from €14,140 to €15,268
- Reserves +€9,272
up €9,272 (+27.8%), from €33,379 to €42,650
- Tax, wage and social debts +€3,269
up €3,269 (+35.7%), from €9,155 to €12,424
of which Taxes: +€3,332
- Trade debts -€1,134
no longer reported in 2025 (was €1,134)
- Other debts +€935
up €935 (+17.6%), from €5,305 to €6,240
- Gross operating margin -€7,115
down €7,115 (-27.9%), from €25,484 to €18,369
- Other operating charges -€2,117
down €2,117 (-52.5%), from €4,031 to €1,914
- Taxes -€1,533
down €1,533 (-18.9%), from €8,114 to €6,580
- Financial charges +€351
up €351 (+590%), from €60 to €411
- Financial income +€301
up €301 (+648%), from €46 to €347
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.
Derived cash bridge
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 | €63,106 | €75,638 | +€12,532 | +19.9% |
| Fixed assets | 21/28 | €749 | €4,360 | +€3,611 | +482% |
| Tangible fixed assets | 22/27 | €749 | €4,360 | +€3,611 | +482% |
| Plant, machinery and equipment | 23 | €749 | €4,360 | +€3,611 | +482% |
| Current assets | 29/58 | €62,356 | €71,278 | +€8,921 | +14.3% |
| Amounts receivable within one year | 40/41 | €14,140 | €15,268 | +€1,128 | +8.0% |
| Trade receivables | 40 | €14,140 | €15,268 | +€1,128 | +8.0% |
| Cash at bank and in hand | 54/58 | €47,742 | €55,535 | +€7,793 | +16.3% |
| Deferred charges and accrued income | 490/1 | €475 | €475 | = | 0.0% |
| Total equity and liabilities | 10/49 | €63,106 | €75,638 | +€12,532 | +19.9% |
| Equity | 10/15 | €45,779 | €55,050 | +€9,272 | +20.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,379 | €42,650 | +€9,272 | +27.8% |
| Distributable reserves | 133 | €33,379 | €42,650 | +€9,272 | +27.8% |
| Amounts payable | 17/49 | €17,327 | €20,587 | +€3,260 | +18.8% |
| Amounts payable within one year | 42/48 | €17,327 | €20,587 | +€3,260 | +18.8% |
| Financial debts | 43 | €1,733 | €1,923 | +€190 | +10.9% |
| Credit institutions | 430/8 | €1,733 | €1,923 | +€190 | +10.9% |
| Trade debts | 44 | €1,134 | - | -€1,134 | |
| Suppliers | 440/4 | €1,134 | - | -€1,134 | |
| Taxes, remuneration and social security | 45 | €9,155 | €12,424 | +€3,269 | +35.7% |
| Taxes | 450/3 | €9,093 | €12,424 | +€3,332 | +36.6% |
| Remuneration and social security | 454/9 | €62 | - | -€62 | |
| Other amounts payable | 47/48 | €5,305 | €6,240 | +€935 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €539 | -€41 | -7.1% |
| Other operating charges | 640/8 | €4,031 | €1,914 | -€2,117 | -52.5% |
| Gross operating margin | 9900 | €25,484 | €18,369 | -€7,115 | -27.9% |
| Operating profit (loss) | 9901 | €20,873 | €15,915 | -€4,958 | -23.8% |
| Financial income | 75/76B | €46 | €347 | +€301 | +648% |
| Recurring financial income | 75 | €46 | €347 | +€301 | +648% |
| Financial charges | 65/66B | €60 | €411 | +€351 | +590% |
| Recurring financial charges | 65 | €60 | €411 | +€351 | +590% |
| Profit (loss) for the period before taxes | 9903 | €20,860 | €15,852 | -€5,008 | -24.0% |
| Income taxes | 67/77 | €8,114 | €6,580 | -€1,533 | -18.9% |
| Profit (loss) for the period | 9904 | €12,746 | €9,272 | -€3,474 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,746 | €9,272 | -€3,474 | -27.3% |
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 29 October 2026 via checked.be.