D'VINE: 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'VINE
Largest movements
- Receivables within one year +€35,206
up €35,206 (+206.4%), from €17,055 to €52,261
of which Trade receivables: +€23,158
- Cash +€25,031
up €25,031 (+177.6%), from €14,097 to €39,128
mainly Trade debts (+€54,664) and Current portion of long-term debt (+€38,515)
- Tangible fixed assets -€18,985
down €18,985 (-4.5%), from €424,589 to €405,604
- Trade debts +€54,664
up €54,664 (+996.0%), from €5,488 to €60,153
- Debts after one year -€49,079
down €49,079 (-10.5%), from €468,313 to €419,234
of which Other amounts payable: -€42,000
- Current portion of long-term debt +€38,515
up €38,515 (+58.9%), from €65,444 to €103,959
- Other debts -€20,982
no longer reported in 2025 (was €20,982)
- Reserves +€16,108
up €16,108 (+33.1%), from €48,617 to €64,725
of which Distributable reserves: +€16,108
- Gross operating margin -€93,625
down €93,625 (-34.7%), from €269,433 to €175,807
- Taxes -€31,903
down €31,903 (-75.7%), from €42,117 to €10,214
- Depreciation -€6,071
down €6,071 (-15.6%), from €39,016 to €32,945
- Staff costs -€4,064
down €4,064 (-3.9%), from €103,641 to €99,578
- Financial charges -€3,537
down €3,537 (-17.6%), from €20,055 to €16,518
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 | €653,167 | €697,048 | +€43,881 | +6.7% |
| Fixed assets | 21/28 | €424,589 | €405,604 | -€18,985 | -4.5% |
| Tangible fixed assets | 22/27 | €424,589 | €405,604 | -€18,985 | -4.5% |
| Land and buildings | 22 | €371,500 | €365,112 | -€6,387 | -1.7% |
| Plant, machinery and equipment | 23 | €47,024 | €37,612 | -€9,412 | -20.0% |
| Furniture and vehicles | 24 | €6,065 | €2,880 | -€3,185 | -52.5% |
| Current assets | 29/58 | €228,579 | €291,444 | +€62,866 | +27.5% |
| Stocks and contracts in progress | 3 | €197,426 | €200,055 | +€2,629 | +1.3% |
| Stocks | 30/36 | €197,426 | €200,055 | +€2,629 | +1.3% |
| Amounts receivable within one year | 40/41 | €17,055 | €52,261 | +€35,206 | +206.4% |
| Trade receivables | 40 | €2,055 | €25,213 | +€23,158 | +1126.7% |
| Other amounts receivable | 41 | €15,000 | €27,048 | +€12,048 | +80.3% |
| Cash at bank and in hand | 54/58 | €14,097 | €39,128 | +€25,031 | +177.6% |
| Total equity and liabilities | 10/49 | €653,167 | €697,048 | +€43,881 | +6.7% |
| Equity | 10/15 | €67,217 | €83,325 | +€16,108 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,617 | €64,725 | +€16,108 | +33.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,757 | €62,865 | +€16,108 | +34.4% |
| Amounts payable | 17/49 | €585,950 | €613,723 | +€27,773 | +4.7% |
| Amounts payable after more than one year | 17 | €468,313 | €419,234 | -€49,079 | -10.5% |
| Financial debts | 170/4 | €225,552 | €218,473 | -€7,079 | -3.1% |
| Other amounts payable | 178/9 | €242,761 | €200,761 | -€42,000 | -17.3% |
| Amounts payable within one year | 42/48 | €117,637 | €194,489 | +€76,853 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €65,444 | €103,959 | +€38,515 | +58.9% |
| Trade debts | 44 | €5,488 | €60,153 | +€54,664 | +996.0% |
| Suppliers | 440/4 | €5,488 | €60,153 | +€54,664 | +996.0% |
| Taxes, remuneration and social security | 45 | €25,722 | €30,378 | +€4,656 | +18.1% |
| Taxes | 450/3 | €7,964 | €14,968 | +€7,004 | +88.0% |
| Remuneration and social security | 454/9 | €17,759 | €15,410 | -€2,349 | -13.2% |
| Other amounts payable | 47/48 | €20,982 | - | -€20,982 | |
| Non-recurring operating income | 76A | €20,156 | - | -€20,156 | |
| Remuneration, social security and pensions | 62 | €103,641 | €99,578 | -€4,064 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,016 | €32,945 | -€6,071 | -15.6% |
| Other operating charges | 640/8 | €3,693 | €4,256 | +€563 | +15.2% |
| Gross operating margin | 9900 | €269,433 | €175,807 | -€93,625 | -34.7% |
| Operating profit (loss) | 9901 | €123,082 | €39,028 | -€84,054 | -68.3% |
| Financial income | 75/76B | €5,413 | €3,811 | -€1,602 | -29.6% |
| Recurring financial income | 75 | €5,413 | €3,811 | -€1,602 | -29.6% |
| Financial charges | 65/66B | €20,055 | €16,518 | -€3,537 | -17.6% |
| Recurring financial charges | 65 | €20,055 | €16,518 | -€3,537 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €108,440 | €26,322 | -€82,119 | -75.7% |
| Income taxes | 67/77 | €42,117 | €10,214 | -€31,903 | -75.7% |
| Profit (loss) for the period | 9904 | €66,324 | €16,108 | -€50,216 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,324 | €16,108 | -€50,216 | -75.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.