DA VINCI: 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.
What changed
DA VINCI
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€339
2024 · €1,433-€1,094
Equity
€96,259
2024 · €95,920+€339
Cash
€94,722
2024 · €14,431+€80,291
Balance sheet total
€408,948
2024 · €349,952+€58,996
Largest movements
Assets
- Cash +€80,291
up €80,291 (+556%), from €14,431 to €94,722
mainly Trade debts (+€75,359) and Depreciation (+€32,643)
- Tangible fixed assets -€29,788
down €29,788 (-9.3%), from €321,731 to €291,943
of which Other tangible fixed assets: -€15,368
Equity and liabilities
- Trade debts +€75,359
up €75,359 (+234%), from €32,148 to €107,507
- Short-term financial debts -€32,000
no longer reported in 2025 (was €32,000)
- Accrued charges and deferred income +€29,781
up €29,781 (+231%), from €12,897 to €42,678
- Debts after one year -€28,678
down €28,678 (-20.8%), from €138,108 to €109,430
- Tax, wage and social debts +€13,283
up €13,283 (+192%), from €6,921 to €20,204
of which Taxes: +€12,947
Income statement
- Gross operating margin +€3,505
up €3,505 (+5.1%), from €68,322 to €71,827
- Depreciation +€3,304
up €3,304 (+11.3%), from €29,340 to €32,643
- Financial charges +€1,427
up €1,427 (+18.5%), from €7,723 to €9,150
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
€1,433
Gross operating margin
+€3,505
Staff costs
-€133
Depreciation
-€3,304
Other operating charges
-€357
Other operating items
+€254
Financial income
+€11
Financial charges
-€1,427
Taxes
+€357
Result 2025
€339
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€147,354
Investment
-€6,752
Financing
-€60,311
Cash 2024
€14,431
From operations (derived)
+€147,354
Net result for the year
+€339
Depreciation
+€32,643
Stocks and contracts
-€1,288
Receivables within one year
-€3,317
Deferred charges and accrued income
+€9
Trade debts
+€75,359
Tax, wage and social debts
+€13,283
Advances received
+€1,937
Other debts
-€1,393
Accrued charges and deferred income
+€29,781
Investment (derived)
-€6,752
Investment in fixed assets (net)
-€6,752
Financing
-€60,311
Debts after one year
-€28,678
Current portion of long-term debt
+€367
Short-term financial debts
-€32,000
Cash 2025
€94,722
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,952 | €408,948 | +€58,996 | +16.9% |
| Fixed assets | 21/28 | €323,231 | €297,340 | -€25,891 | -8.0% |
| Intangible fixed assets | 21 | - | €2,396 | +€2,396 | |
| Tangible fixed assets | 22/27 | €321,731 | €291,943 | -€29,788 | -9.3% |
| Plant, machinery and equipment | 23 | €44,622 | €36,902 | -€7,720 | -17.3% |
| Furniture and vehicles | 24 | €36,731 | €30,032 | -€6,699 | -18.2% |
| Other tangible fixed assets | 26 | €240,378 | €225,010 | -€15,368 | -6.4% |
| Financial fixed assets | 28 | €1,500 | €3,000 | +€1,500 | +100% |
| Current assets | 29/58 | €26,721 | €111,608 | +€84,887 | +318% |
| Stocks and contracts in progress | 3 | €3,623 | €4,911 | +€1,288 | +35.5% |
| Stocks | 30/36 | €3,623 | €4,911 | +€1,288 | +35.5% |
| Amounts receivable within one year | 40/41 | €6,925 | €10,242 | +€3,317 | +47.9% |
| Trade receivables | 40 | €6,901 | €9,859 | +€2,958 | +42.9% |
| Other amounts receivable | 41 | €24 | €383 | +€359 | +1,523% |
| Cash at bank and in hand | 54/58 | €14,431 | €94,722 | +€80,291 | +556% |
| Deferred charges and accrued income | 490/1 | €1,742 | €1,733 | -€9 | -0.5% |
| Total equity and liabilities | 10/49 | €349,952 | €408,948 | +€58,996 | +16.9% |
| Equity | 10/15 | €95,920 | €96,259 | +€339 | +0.4% |
| Contributions | 10/11 | €250,800 | €250,800 | = | 0.0% |
| Reserves | 13 | €1,346 | €1,448 | +€102 | +7.6% |
| Non-distributable reserves | 130/1 | €673 | €673 | = | 0.0% |
| Reserves not available under the articles | 1311 | €673 | €673 | = | 0.0% |
| Distributable reserves | 133 | €673 | €775 | +€102 | +15.1% |
| Profit (loss) carried forward | 14 | -€156,226 | -€155,989 | +€237 | +0.2% |
| Amounts payable | 17/49 | €254,032 | €312,689 | +€58,657 | +23.1% |
| Amounts payable after more than one year | 17 | €138,108 | €109,430 | -€28,678 | -20.8% |
| Financial debts | 170/4 | €138,108 | €109,430 | -€28,678 | -20.8% |
| Amounts payable within one year | 42/48 | €103,027 | €160,580 | +€57,553 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €28,311 | €28,678 | +€367 | +1.3% |
| Financial debts | 43 | €32,000 | - | -€32,000 | |
| Other loans | 439 | €32,000 | - | -€32,000 | |
| Trade debts | 44 | €32,148 | €107,507 | +€75,359 | +234% |
| Suppliers | 440/4 | €32,148 | €107,507 | +€75,359 | +234% |
| Advances received on contracts in progress | 46 | €2,070 | €4,008 | +€1,937 | +93.6% |
| Taxes, remuneration and social security | 45 | €6,921 | €20,204 | +€13,283 | +192% |
| Taxes | 450/3 | €1,186 | €14,134 | +€12,947 | +1,091% |
| Remuneration and social security | 454/9 | €5,735 | €6,070 | +€335 | +5.8% |
| Other amounts payable | 47/48 | €1,577 | €184 | -€1,393 | -88.3% |
| Accrued charges and deferred income | 492/3 | €12,897 | €42,678 | +€29,781 | +231% |
| Non-recurring operating income | 76A | €2,175 | €40 | -€2,135 | -98.2% |
| Remuneration, social security and pensions | 62 | €28,221 | €28,354 | +€133 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,340 | €32,643 | +€3,304 | +11.3% |
| Other operating charges | 640/8 | €1,221 | €1,578 | +€357 | +29.2% |
| Non-recurring operating charges | 66A | €388 | €134 | -€254 | -65.5% |
| Gross operating margin | 9900 | €68,322 | €71,827 | +€3,505 | +5.1% |
| Operating profit (loss) | 9901 | €9,152 | €9,118 | -€34 | -0.4% |
| Financial income | 75/76B | €5 | €16 | +€11 | +207% |
| Recurring financial income | 75 | €5 | €16 | +€11 | +207% |
| Financial charges | 65/66B | €7,723 | €9,150 | +€1,427 | +18.5% |
| Recurring financial charges | 65 | €7,723 | €9,150 | +€1,427 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €1,434 | -€17 | -€1,451 | |
| Income taxes | 67/77 | €2 | -€356 | -€357 | |
| Profit (loss) for the period | 9904 | €1,433 | €339 | -€1,094 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,433 | €339 | -€1,094 | -76.3% |
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 24 October 2026 via checked.be.