D.V. Logistic Services: what changed
Two fiscal 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. Logistic Services
Largest movements
- Tangible fixed assets +€818,082
up €818,082 (+162903.0%), from €502 to €818,585
of which Plant, machinery and equipment: +€817,033
- Receivables within one year +€71,442
up €71,442 (+109.2%), from €65,404 to €136,847
of which Trade receivables: +€41,619
- Cash -€68,698
down €68,698 (-52.8%), from €130,189 to €61,491
mainly Investment in fixed assets (net) (-€907,912) and Receivables within one year (-€71,442)
- Debts after one year +€609,731
new in 2025: €609,731
- Current portion of long-term debt +€132,774
new in 2025: €132,774
- Tax, wage and social debts +€42,256
up €42,256 (+199.0%), from €21,237 to €63,493
of which Taxes: +€34,148
- Profit (loss) carried forward +€38,664
up €38,664 (+124.6%), from €31,031 to €69,694
- Trade debts +€17,291
up €17,291 (+141.6%), from €12,215 to €29,506
- Gross operating margin +€154,242
up €154,242 (+134.6%), from €114,583 to €268,825
- Staff costs +€124,142
new in 2025: €124,142
- Depreciation +€89,504
up €89,504 (+27441.7%), from €326 to €89,830
- Financial income -€35,272
down €35,272 (-91.3%), from €38,635 to €3,362
- Financial charges +€16,151
up €16,151 (+237.4%), from €6,803 to €22,954
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 | €196,216 | €1,017,043 | +€820,827 | +418.3% |
| Fixed assets | 21/28 | €622 | €818,705 | +€818,082 | +131490.7% |
| Tangible fixed assets | 22/27 | €502 | €818,585 | +€818,082 | +162903.0% |
| Plant, machinery and equipment | 23 | - | €817,033 | +€817,033 | |
| Furniture and vehicles | 24 | €502 | €1,552 | +€1,050 | +209.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €195,594 | €198,338 | +€2,745 | +1.4% |
| Amounts receivable within one year | 40/41 | €65,404 | €136,847 | +€71,442 | +109.2% |
| Trade receivables | 40 | €18,478 | €60,097 | +€41,619 | +225.2% |
| Other amounts receivable | 41 | €46,927 | €76,750 | +€29,824 | +63.6% |
| Cash at bank and in hand | 54/58 | €130,189 | €61,491 | -€68,698 | -52.8% |
| Total equity and liabilities | 10/49 | €196,216 | €1,017,043 | +€820,827 | +418.3% |
| Equity | 10/15 | €135,331 | €158,884 | +€23,553 | +17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,300 | €84,189 | -€15,111 | -15.2% |
| Tax-exempt reserves | 132 | €99,300 | €84,189 | -€15,111 | -15.2% |
| Profit (loss) carried forward | 14 | €31,031 | €69,694 | +€38,664 | +124.6% |
| Provisions and deferred taxes | 16 | €26,433 | €22,656 | -€3,778 | -14.3% |
| Deferred taxes | 168 | €26,433 | €22,656 | -€3,778 | -14.3% |
| Amounts payable | 17/49 | €34,452 | €835,504 | +€801,052 | +2325.2% |
| Amounts payable after more than one year | 17 | - | €609,731 | +€609,731 | |
| Financial debts | 170/4 | - | €609,731 | +€609,731 | |
| Amounts payable within one year | 42/48 | €33,452 | €225,773 | +€192,321 | +574.9% |
| Current portion of amounts payable after more than one year | 42 | - | €132,774 | +€132,774 | |
| Trade debts | 44 | €12,215 | €29,506 | +€17,291 | +141.6% |
| Suppliers | 440/4 | €12,215 | €29,506 | +€17,291 | +141.6% |
| Taxes, remuneration and social security | 45 | €21,237 | €63,493 | +€42,256 | +199.0% |
| Taxes | 450/3 | €21,237 | €55,385 | +€34,148 | +160.8% |
| Remuneration and social security | 454/9 | - | €8,108 | +€8,108 | |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Non-recurring operating income | 76A | €125,734 | - | -€125,734 | |
| Remuneration, social security and pensions | 62 | - | €124,142 | +€124,142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €89,830 | +€89,504 | +27441.7% |
| Other operating charges | 640/8 | €699 | €2,116 | +€1,417 | +202.6% |
| Gross operating margin | 9900 | €114,583 | €268,825 | +€154,242 | +134.6% |
| Operating profit (loss) | 9901 | €113,557 | €52,736 | -€60,821 | -53.6% |
| Financial income | 75/76B | €38,635 | €3,362 | -€35,272 | -91.3% |
| Recurring financial income | 75 | €38,635 | €3,362 | -€35,272 | -91.3% |
| Financial charges | 65/66B | €6,803 | €22,954 | +€16,151 | +237.4% |
| Recurring financial charges | 65 | €6,803 | €22,954 | +€16,151 | +237.4% |
| Profit (loss) for the period before taxes | 9903 | €145,389 | €33,145 | -€112,245 | -77.2% |
| Transfer from deferred taxes | 780 | €9,000 | €3,778 | -€5,222 | -58.0% |
| Transfer to deferred taxes | 680 | €26,433 | - | -€26,433 | |
| Income taxes | 67/77 | €6,896 | €13,370 | +€6,474 | +93.9% |
| Profit (loss) for the period | 9904 | €121,060 | €23,553 | -€97,507 | -80.5% |
| Transfer from tax-exempt reserves | 789 | - | €15,111 | +€15,111 | |
| Transfer to tax-exempt reserves | 689 | €99,300 | - | -€99,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,760 | €38,664 | +€16,904 | +77.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.