D&V TRANS: 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 TRANS
Largest movements
- Cash +€11,110
up €11,110 (+14.1%), from €78,844 to €89,954
mainly Net result for the year (+€58,918) and Depreciation (+€4,047)
- Reserves +€48,918
up €48,918 (+41.1%), from €119,062 to €167,980
of which Distributable reserves: +€48,918
- Trade debts -€36,866
down €36,866 (-45.3%), from €81,400 to €44,534
- Other debts -€4,477
down €4,477 (-73.9%), from €6,060 to €1,583
- Tax, wage and social debts +€3,056
up €3,056 (+20.4%), from €14,963 to €18,018
of which Taxes: +€5,156
- Gross operating margin +€133,359
up €133,359 (+24.5%), from €543,512 to €676,871
- Staff costs +€86,440
up €86,440 (+22.2%), from €388,542 to €474,982
- Other operating charges +€20,488
up €20,488 (+22.7%), from €90,232 to €110,720
- Taxes +€8,519
up €8,519 (+60.2%), from €14,152 to €22,671
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 | €240,085 | €250,716 | +€10,631 | +4.4% |
| Fixed assets | 21/28 | €14,786 | €12,476 | -€2,311 | -15.6% |
| Tangible fixed assets | 22/27 | €13,536 | €11,091 | -€2,446 | -18.1% |
| Plant, machinery and equipment | 23 | €3,928 | €3,013 | -€915 | -23.3% |
| Furniture and vehicles | 24 | €9,609 | €8,078 | -€1,531 | -15.9% |
| Financial fixed assets | 28 | €1,250 | €1,385 | +€135 | +10.8% |
| Current assets | 29/58 | €225,299 | €238,240 | +€12,941 | +5.7% |
| Amounts receivable within one year | 40/41 | €143,064 | €144,715 | +€1,651 | +1.2% |
| Trade receivables | 40 | €143,064 | €144,715 | +€1,651 | +1.2% |
| Cash at bank and in hand | 54/58 | €78,844 | €89,954 | +€11,110 | +14.1% |
| Deferred charges and accrued income | 490/1 | €3,391 | €3,571 | +€180 | +5.3% |
| Total equity and liabilities | 10/49 | €240,085 | €250,716 | +€10,631 | +4.4% |
| Equity | 10/15 | €137,662 | €186,580 | +€48,918 | +35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,062 | €167,980 | +€48,918 | +41.1% |
| Non-distributable reserves | 130/1 | €850 | €850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €850 | €850 | = | 0.0% |
| Distributable reserves | 133 | €118,212 | €167,130 | +€48,918 | +41.4% |
| Amounts payable | 17/49 | €102,423 | €64,136 | -€38,287 | -37.4% |
| Amounts payable within one year | 42/48 | €102,423 | €64,136 | -€38,287 | -37.4% |
| Trade debts | 44 | €81,400 | €44,534 | -€36,866 | -45.3% |
| Suppliers | 440/4 | €81,400 | €44,534 | -€36,866 | -45.3% |
| Taxes, remuneration and social security | 45 | €14,963 | €18,018 | +€3,056 | +20.4% |
| Taxes | 450/3 | €12,863 | €18,018 | +€5,156 | +40.1% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €6,060 | €1,583 | -€4,477 | -73.9% |
| Non-recurring operating income | 76A | €59,548 | €13,851 | -€45,697 | -76.7% |
| Remuneration, social security and pensions | 62 | €388,542 | €474,982 | +€86,440 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,368 | €4,047 | -€2,321 | -36.5% |
| Other operating charges | 640/8 | €90,232 | €110,720 | +€20,488 | +22.7% |
| Non-recurring operating charges | 66A | - | €6,241 | +€6,241 | |
| Gross operating margin | 9900 | €543,512 | €676,871 | +€133,359 | +24.5% |
| Operating profit (loss) | 9901 | €58,370 | €80,881 | +€22,511 | +38.6% |
| Financial income | 75/76B | €99 | €2,977 | +€2,878 | +2902.4% |
| Recurring financial income | 75 | €99 | €534 | +€435 | +438.3% |
| Non-recurring financial income | 76B | - | €2,444 | +€2,444 | |
| Financial charges | 65/66B | €2,177 | €2,269 | +€93 | +4.3% |
| Recurring financial charges | 65 | €2,177 | €2,269 | +€93 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €56,292 | €81,589 | +€25,297 | +44.9% |
| Income taxes | 67/77 | €14,152 | €22,671 | +€8,519 | +60.2% |
| Profit (loss) for the period | 9904 | €42,140 | €58,918 | +€16,778 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,140 | €58,918 | +€16,778 | +39.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.