D.V.U.T.: 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.U.T.
Largest movements
- Tangible fixed assets -€122,719
down €122,719 (-80.2%), from €153,005 to €30,286
of which Plant, machinery and equipment: -€110,388
- Receivables within one year +€55,240
up €55,240 (+142.4%), from €38,795 to €94,035
of which Trade receivables: +€51,528
- Deferred charges and accrued income -€19,016
down €19,016 (-83.5%), from €22,786 to €3,770
- Stocks and contracts -€6,400
no longer reported in 2025 (was €6,400)
- Debts after one year -€54,146
no longer reported in 2025 (was €54,146)
- Current portion of long-term debt -€48,104
no longer reported in 2025 (was €48,104)
- Other debts -€29,487
no longer reported in 2025 (was €29,487)
- Reserves +€15,000
up €15,000 (+55.6%), from €27,000 to €42,000
of which Distributable reserves: +€15,000
- Tax, wage and social debts +€13,938
up €13,938 (+111.4%), from €12,511 to €26,449
of which Taxes: +€16,325
- Gross operating margin -€72,831
down €72,831 (-51.7%), from €140,905 to €68,074
- Depreciation -€53,673
down €53,673 (-89.1%), from €60,234 to €6,561
- Staff costs -€23,111
down €23,111 (-57.9%), from €39,931 to €16,821
- Other operating charges +€10,791
up €10,791 (+1215.4%), from €888 to €11,679
- Taxes +€6,622
up €6,622 (+264.9%), from €2,500 to €9,122
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 | €222,828 | €129,645 | -€93,183 | -41.8% |
| Fixed assets | 21/28 | €153,005 | €30,286 | -€122,719 | -80.2% |
| Tangible fixed assets | 22/27 | €153,005 | €30,286 | -€122,719 | -80.2% |
| Plant, machinery and equipment | 23 | €116,011 | €5,623 | -€110,388 | -95.2% |
| Other tangible fixed assets | 26 | €36,994 | €24,663 | -€12,331 | -33.3% |
| Current assets | 29/58 | €69,823 | €99,359 | +€29,536 | +42.3% |
| Stocks and contracts in progress | 3 | €6,400 | - | -€6,400 | |
| Stocks | 30/36 | €6,400 | - | -€6,400 | |
| Amounts receivable within one year | 40/41 | €38,795 | €94,035 | +€55,240 | +142.4% |
| Trade receivables | 40 | €9,060 | €60,588 | +€51,528 | +568.7% |
| Other amounts receivable | 41 | €29,734 | €33,447 | +€3,713 | +12.5% |
| Cash at bank and in hand | 54/58 | €1,842 | €1,554 | -€288 | -15.7% |
| Deferred charges and accrued income | 490/1 | €22,786 | €3,770 | -€19,016 | -83.5% |
| Total equity and liabilities | 10/49 | €222,828 | €129,645 | -€93,183 | -41.8% |
| Equity | 10/15 | €53,581 | €69,321 | +€15,740 | +29.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €42,000 | +€15,000 | +55.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Profit (loss) carried forward | 14 | €6,581 | €7,321 | +€740 | +11.2% |
| Amounts payable | 17/49 | €169,248 | €60,324 | -€108,923 | -64.4% |
| Amounts payable after more than one year | 17 | €54,146 | - | -€54,146 | |
| Financial debts | 170/4 | €54,146 | - | -€54,146 | |
| Amounts payable within one year | 42/48 | €112,641 | €60,265 | -€52,376 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €48,104 | - | -€48,104 | |
| Trade debts | 44 | €22,540 | €33,816 | +€11,276 | +50.0% |
| Suppliers | 440/4 | €22,540 | €33,816 | +€11,276 | +50.0% |
| Taxes, remuneration and social security | 45 | €12,511 | €26,449 | +€13,938 | +111.4% |
| Taxes | 450/3 | €7,876 | €24,200 | +€16,325 | +207.3% |
| Remuneration and social security | 454/9 | €4,635 | €2,248 | -€2,387 | -51.5% |
| Other amounts payable | 47/48 | €29,487 | - | -€29,487 | |
| Accrued charges and deferred income | 492/3 | €2,461 | €60 | -€2,401 | -97.6% |
| Remuneration, social security and pensions | 62 | €39,931 | €16,821 | -€23,111 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,234 | €6,561 | -€53,673 | -89.1% |
| Other operating charges | 640/8 | €888 | €11,679 | +€10,791 | +1215.4% |
| Gross operating margin | 9900 | €140,905 | €68,074 | -€72,831 | -51.7% |
| Operating profit (loss) | 9901 | €39,852 | €33,013 | -€6,838 | -17.2% |
| Financial income | 75/76B | €1,871 | €1,801 | -€70 | -3.7% |
| Recurring financial income | 75 | €1,871 | €1,801 | -€70 | -3.7% |
| Financial charges | 65/66B | €11,955 | €9,953 | -€2,002 | -16.7% |
| Recurring financial charges | 65 | €11,955 | €9,953 | -€2,002 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €29,768 | €24,862 | -€4,906 | -16.5% |
| Income taxes | 67/77 | €2,500 | €9,122 | +€6,622 | +264.9% |
| Profit (loss) for the period | 9904 | €27,268 | €15,740 | -€11,528 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,268 | €15,740 | -€11,528 | -42.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.