D & V NEWCO: 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 NEWCO
Largest movements
- Tangible fixed assets -€57,137
down €57,137 (-7.8%), from €732,220 to €675,083
of which Furniture and vehicles: -€31,427
- Receivables within one year +€45,827
up €45,827 (+29.7%), from €154,354 to €200,182
of which Other amounts receivable: +€50,182
- Reserves +€43,755
up €43,755 (+5.6%), from €778,151 to €821,906
of which Distributable reserves: +€43,755
- Tax, wage and social debts -€31,074
down €31,074 (-83.6%), from €37,171 to €6,097
of which Taxes: -€31,074
- Gross operating margin -€235,224
down €235,224, from €187,421 to -€47,804
- Financial income +€45,522
up €45,522 (+29.4%), from €154,788 to €200,310
- Taxes -€18,841
down €18,841 (-76.6%), from €24,585 to €5,743
- Depreciation -€8,701
down €8,701 (-13.2%), from €65,837 to €57,137
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 | €2,983,822 | €2,987,316 | +€3,494 | +0.1% |
| Fixed assets | 21/28 | €2,200,910 | €2,143,773 | -€57,137 | -2.6% |
| Tangible fixed assets | 22/27 | €732,220 | €675,083 | -€57,137 | -7.8% |
| Land and buildings | 22 | €661,223 | €636,605 | -€24,619 | -3.7% |
| Plant, machinery and equipment | 23 | €3,711 | €2,620 | -€1,091 | -29.4% |
| Furniture and vehicles | 24 | €67,286 | €35,859 | -€31,427 | -46.7% |
| Financial fixed assets | 28 | €1,468,690 | €1,468,690 | = | 0.0% |
| Current assets | 29/58 | €782,912 | €843,543 | +€60,630 | +7.7% |
| Stocks and contracts in progress | 3 | €137,433 | €144,064 | +€6,631 | +4.8% |
| Stocks | 30/36 | €137,433 | €144,064 | +€6,631 | +4.8% |
| Amounts receivable within one year | 40/41 | €154,354 | €200,182 | +€45,827 | +29.7% |
| Trade receivables | 40 | €4,354 | €0 | -€4,354 | -100% |
| Other amounts receivable | 41 | €150,000 | €200,182 | +€50,182 | +33.5% |
| Current investments | 50/53 | €484,846 | €484,846 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,739 | €7,245 | +€4,505 | +164% |
| Deferred charges and accrued income | 490/1 | €3,540 | €7,206 | +€3,666 | +104% |
| Total equity and liabilities | 10/49 | €2,983,822 | €2,987,316 | +€3,494 | +0.1% |
| Equity | 10/15 | €1,518,108 | €1,561,862 | +€43,755 | +2.9% |
| Contributions | 10/11 | €640,094 | €640,094 | = | 0.0% |
| Capital | 10 | €640,094 | €640,094 | = | 0.0% |
| Issued capital | 100 | €640,094 | €640,094 | = | 0.0% |
| Reserves | 13 | €778,151 | €821,906 | +€43,755 | +5.6% |
| Non-distributable reserves | 130/1 | €548,856 | €548,856 | = | 0.0% |
| Legal reserve | 130 | €64,009 | €64,009 | = | 0.0% |
| Own shares acquired | 1312 | €484,846 | €484,846 | = | 0.0% |
| Distributable reserves | 133 | €229,296 | €273,050 | +€43,755 | +19.1% |
| Profit (loss) carried forward | 14 | €99,862 | €99,862 | = | 0.0% |
| Amounts payable | 17/49 | €1,465,714 | €1,425,453 | -€40,261 | -2.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,465,264 | €1,418,303 | -€46,961 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €12,306 | €0 | -€12,306 | -100% |
| Trade debts | 44 | €1,434 | €3,952 | +€2,518 | +176% |
| Suppliers | 440/4 | €1,434 | €3,952 | +€2,518 | +176% |
| Taxes, remuneration and social security | 45 | €37,171 | €6,097 | -€31,074 | -83.6% |
| Taxes | 450/3 | €37,171 | €6,097 | -€31,074 | -83.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,414,352 | €1,408,254 | -€6,098 | -0.4% |
| Accrued charges and deferred income | 492/3 | €450 | €7,150 | +€6,700 | +1,489% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,837 | €57,137 | -€8,701 | -13.2% |
| Other operating charges | 640/8 | €10,991 | €11,476 | +€485 | +4.4% |
| Gross operating margin | 9900 | €187,421 | -€47,804 | -€235,224 | |
| Operating profit (loss) | 9901 | €110,593 | -€116,416 | -€227,009 | |
| Financial income | 75/76B | €154,788 | €200,310 | +€45,522 | +29.4% |
| Recurring financial income | 75 | €154,788 | €200,310 | +€45,522 | +29.4% |
| Financial charges | 65/66B | €33,704 | €34,396 | +€692 | +2.1% |
| Recurring financial charges | 65 | €33,704 | €34,396 | +€692 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €231,677 | €49,498 | -€182,179 | -78.6% |
| Income taxes | 67/77 | €24,585 | €5,743 | -€18,841 | -76.6% |
| Profit (loss) for the period | 9904 | €207,092 | €43,755 | -€163,337 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €207,092 | €43,755 | -€163,337 | -78.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.