D.V.K.: 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.K.
Largest movements
- Receivables within one year +€41,330
up €41,330 (+49.6%), from €83,268 to €124,598
of which Trade receivables: +€48,123
- Cash -€7,063
down €7,063 (-29.6%), from €23,842 to €16,779
mainly Receivables within one year (-€41,330)
- Trade debts +€20,033
up €20,033 (+230%), from €8,711 to €28,744
- Profit (loss) carried forward +€13,226
up €13,226 (+10.8%), from -€122,227 to -€109,001
- Staff costs -€12,548
down €12,548 (-6.5%), from €192,925 to €180,377
- Gross operating margin -€11,705
down €11,705 (-5.7%), from €205,492 to €193,788
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 | €110,064 | €143,323 | +€33,259 | +30.2% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €110,064 | €143,323 | +€33,259 | +30.2% |
| Amounts receivable within one year | 40/41 | €83,268 | €124,598 | +€41,330 | +49.6% |
| Trade receivables | 40 | €75,973 | €124,096 | +€48,123 | +63.3% |
| Other amounts receivable | 41 | €7,295 | €502 | -€6,793 | -93.1% |
| Cash at bank and in hand | 54/58 | €23,842 | €16,779 | -€7,063 | -29.6% |
| Deferred charges and accrued income | 490/1 | €2,954 | €1,946 | -€1,008 | -34.1% |
| Total equity and liabilities | 10/49 | €110,064 | €143,323 | +€33,259 | +30.2% |
| Equity | 10/15 | -€102,103 | -€88,877 | +€13,226 | +13.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €124 | €124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €124 | €124 | = | 0.0% |
| Reserves not available under the articles | 1311 | €124 | €124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,227 | -€109,001 | +€13,226 | +10.8% |
| Amounts payable | 17/49 | €212,167 | €232,200 | +€20,033 | +9.4% |
| Amounts payable after more than one year | 17 | €203,456 | €203,456 | = | 0.0% |
| Other amounts payable | 178/9 | €203,456 | €203,456 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,711 | €28,744 | +€20,033 | +230% |
| Trade debts | 44 | €8,711 | €28,744 | +€20,033 | +230% |
| Suppliers | 440/4 | €8,711 | €28,744 | +€20,033 | +230% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Remuneration, social security and pensions | 62 | €192,925 | €180,377 | -€12,548 | -6.5% |
| Other operating charges | 640/8 | €247 | €144 | -€103 | -41.8% |
| Gross operating margin | 9900 | €205,492 | €193,788 | -€11,705 | -5.7% |
| Operating profit (loss) | 9901 | €12,319 | €13,267 | +€947 | +7.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €12,290 | €13,226 | +€936 | +7.6% |
| Profit (loss) for the period | 9904 | €12,290 | €13,226 | +€936 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,290 | €13,226 | +€936 | +7.6% |
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 15 October 2026 via checked.be.