D.V.R.: 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.
What changed
D.V.R.
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€33,331
2024 · €42,148-€75,478
Equity
€64,534
2024 · €97,865-€33,331
Cash
€56,454
2024 · €67,366-€10,912
Balance sheet total
€1.6m
2024 · €2.2m-€638,158
Largest movements
Assets
- Stocks and contracts -€514,484
down €514,484 (-28.3%), from €1.8m to €1.3m
- Receivables within one year -€106,303
down €106,303 (-37.3%), from €285,204 to €178,901
of which Trade receivables: -€124,017
Equity and liabilities
- Trade debts -€564,479
down €564,479 (-31.7%), from €1.8m to €1.2m
- Profit (loss) carried forward -€33,331
down €33,331, from €0 to -€33,331
Income statement
- Gross operating margin -€71,542
down €71,542 (-20.4%), from €351,437 to €279,896
- Provisions +€31,105
up €31,105, from -€31,105 to €0
- Taxes -€18,566
down €18,566, from €18,287 to -€279
- Staff costs +€15,985
up €15,985 (+6.4%), from €247,901 to €263,886
- Financial charges -€10,813
down €10,813 (-20.2%), from €53,641 to €42,828
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.
Result 2024
€42,148
Gross operating margin
-€71,542
Staff costs
-€15,985
Depreciation
-€189
Write-downs
+€9,200
Provisions
-€31,105
Other operating charges
+€1,758
Other operating items
+€2,972
Financial income
+€32
Financial charges
+€10,813
Taxes
+€18,566
Result 2025
-€33,331
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.
From operations
+€1,407
Investment
€0
Financing
-€12,318
Cash 2024
€67,366
From operations (derived)
+€1,407
Net result for the year
-€33,331
Depreciation
+€6,360
Stocks and contracts
+€514,484
Receivables within one year
+€106,303
Deferred charges and accrued income
+€99
Trade debts
-€564,479
Tax, wage and social debts
+€2,479
Advances received
-€17,221
Other debts
-€10,775
Accrued charges and deferred income
-€2,513
Financing
-€12,318
Debts after one year
-€12,856
Current portion of long-term debt
+€538
Cash 2025
€56,454
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,203,942 | €1,565,784 | -€638,158 | -29.0% |
| Fixed assets | 21/28 | €25,060 | €18,699 | -€6,360 | -25.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €25,060 | €18,699 | -€6,360 | -25.4% |
| Plant, machinery and equipment | 23 | €24,156 | €18,356 | -€5,800 | -24.0% |
| Furniture and vehicles | 24 | €904 | €344 | -€560 | -62.0% |
| Current assets | 29/58 | €2,178,883 | €1,547,085 | -€631,798 | -29.0% |
| Stocks and contracts in progress | 3 | €1,815,107 | €1,300,623 | -€514,484 | -28.3% |
| Stocks | 30/36 | €1,815,107 | €1,300,623 | -€514,484 | -28.3% |
| Amounts receivable within one year | 40/41 | €285,204 | €178,901 | -€106,303 | -37.3% |
| Trade receivables | 40 | €253,679 | €129,662 | -€124,017 | -48.9% |
| Other amounts receivable | 41 | €31,525 | €49,239 | +€17,714 | +56.2% |
| Cash at bank and in hand | 54/58 | €67,366 | €56,454 | -€10,912 | -16.2% |
| Deferred charges and accrued income | 490/1 | €11,206 | €11,107 | -€99 | -0.9% |
| Total equity and liabilities | 10/49 | €2,203,942 | €1,565,784 | -€638,158 | -29.0% |
| Equity | 10/15 | €97,865 | €64,534 | -€33,331 | -34.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,265 | €79,265 | = | 0.0% |
| Distributable reserves | 133 | €79,265 | €79,265 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€33,331 | -€33,331 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €2,106,078 | €1,501,250 | -€604,828 | -28.7% |
| Amounts payable after more than one year | 17 | €13,953 | €1,097 | -€12,856 | -92.1% |
| Financial debts | 170/4 | €13,953 | €1,097 | -€12,856 | -92.1% |
| Amounts payable within one year | 42/48 | €2,087,501 | €1,498,043 | -€589,458 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €17,404 | €17,942 | +€538 | +3.1% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €1,780,274 | €1,215,795 | -€564,479 | -31.7% |
| Suppliers | 440/4 | €1,780,274 | €1,215,795 | -€564,479 | -31.7% |
| Advances received on contracts in progress | 46 | €17,221 | €0 | -€17,221 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,675 | €34,154 | +€2,479 | +7.8% |
| Taxes | 450/3 | €5,073 | €4,283 | -€790 | -15.6% |
| Remuneration and social security | 454/9 | €26,602 | €29,871 | +€3,269 | +12.3% |
| Other amounts payable | 47/48 | €190,927 | €180,152 | -€10,775 | -5.6% |
| Accrued charges and deferred income | 492/3 | €4,623 | €2,110 | -€2,513 | -54.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €247,901 | €263,886 | +€15,985 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,172 | €6,360 | +€189 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,849 | -€351 | -€9,200 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,105 | €0 | +€31,105 | |
| Other operating charges | 640/8 | €7,276 | €5,518 | -€1,758 | -24.2% |
| Non-recurring operating charges | 66A | €5,742 | €2,770 | -€2,972 | -51.8% |
| Gross operating margin | 9900 | €351,437 | €279,896 | -€71,542 | -20.4% |
| Operating profit (loss) | 9901 | €106,601 | €1,712 | -€104,890 | -98.4% |
| Financial income | 75/76B | €7,475 | €7,507 | +€32 | +0.4% |
| Recurring financial income | 75 | €7,475 | €7,507 | +€32 | +0.4% |
| Financial charges | 65/66B | €53,641 | €42,828 | -€10,813 | -20.2% |
| Recurring financial charges | 65 | €53,641 | €42,828 | -€10,813 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €60,435 | -€33,610 | -€94,045 | |
| Income taxes | 67/77 | €18,287 | -€279 | -€18,566 | |
| Profit (loss) for the period | 9904 | €42,148 | -€33,331 | -€75,478 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,148 | -€33,331 | -€75,478 |
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 8 October 2026 via checked.be.