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.
DA VINCI
Largest movements
- Receivables within one year +€26,471
up €26,471 (+548%), from €4,835 to €31,306
of which Other amounts receivable: +€23,574
- Tangible fixed assets -€9,361
down €9,361 (-18.4%), from €50,751 to €41,390
of which Furniture and vehicles: -€9,361
- Cash -€6,678
down €6,678 (-2.8%), from €234,730 to €228,052
mainly Contributions, distributions and other (-€35,000) and Receivables within one year (-€26,471)
- Tax, wage and social debts +€10,788
up €10,788 (+14.2%), from €75,937 to €86,725
of which Taxes: +€13,724
- Debts after one year -€7,523
down €7,523 (-37.4%), from €20,101 to €12,578
- Profit (loss) carried forward +€5,622
up €5,622 (+5.2%), from €107,719 to €113,341
- Taxes +€9,235
up €9,235 (+54.1%), from €17,069 to €26,305
- Other operating charges +€7,260
up €7,260 (+206%), from €3,518 to €10,778
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,331 | €359,703 | +€12,372 | +3.6% |
| Fixed assets | 21/28 | €51,186 | €41,825 | -€9,361 | -18.3% |
| Tangible fixed assets | 22/27 | €50,751 | €41,390 | -€9,361 | -18.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €10,665 | €10,664 | -€1 | 0.0% |
| Furniture and vehicles | 24 | €40,086 | €30,726 | -€9,361 | -23.4% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €296,145 | €317,878 | +€21,733 | +7.3% |
| Stocks and contracts in progress | 3 | €6,912 | €7,336 | +€424 | +6.1% |
| Stocks | 30/36 | €6,912 | €7,336 | +€424 | +6.1% |
| Amounts receivable within one year | 40/41 | €4,835 | €31,306 | +€26,471 | +548% |
| Trade receivables | 40 | €3,127 | €6,025 | +€2,897 | +92.6% |
| Other amounts receivable | 41 | €1,707 | €25,281 | +€23,574 | +1,381% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €234,730 | €228,052 | -€6,678 | -2.8% |
| Deferred charges and accrued income | 490/1 | €9,668 | €11,184 | +€1,515 | +15.7% |
| Total equity and liabilities | 10/49 | €347,331 | €359,703 | +€12,372 | +3.6% |
| Equity | 10/15 | €168,179 | €173,801 | +€5,622 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,860 | €41,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Own shares acquired | 1312 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,719 | €113,341 | +€5,622 | +5.2% |
| Amounts payable | 17/49 | €179,153 | €185,902 | +€6,750 | +3.8% |
| Amounts payable after more than one year | 17 | €20,101 | €12,578 | -€7,523 | -37.4% |
| Financial debts | 170/4 | €20,101 | €12,578 | -€7,523 | -37.4% |
| Amounts payable within one year | 42/48 | €159,052 | €171,567 | +€12,515 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €7,213 | €7,523 | +€310 | +4.3% |
| Trade debts | 44 | €21,307 | €22,269 | +€962 | +4.5% |
| Suppliers | 440/4 | €21,307 | €22,269 | +€962 | +4.5% |
| Taxes, remuneration and social security | 45 | €75,937 | €86,725 | +€10,788 | +14.2% |
| Taxes | 450/3 | €39,049 | €52,773 | +€13,724 | +35.1% |
| Remuneration and social security | 454/9 | €36,888 | €33,952 | -€2,936 | -8.0% |
| Other amounts payable | 47/48 | €54,595 | €55,050 | +€455 | +0.8% |
| Accrued charges and deferred income | 492/3 | - | €1,757 | +€1,757 | |
| Non-recurring operating income | 76A | €4,116 | - | -€4,116 | |
| Remuneration, social security and pensions | 62 | €260,082 | €257,214 | -€2,868 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,672 | €12,880 | +€3,208 | +33.2% |
| Other operating charges | 640/8 | €3,518 | €10,778 | +€7,260 | +206% |
| Gross operating margin | 9900 | €351,204 | €353,970 | +€2,766 | +0.8% |
| Operating profit (loss) | 9901 | €77,932 | €73,098 | -€4,834 | -6.2% |
| Financial income | 75/76B | €419 | €102 | -€316 | -75.6% |
| Recurring financial income | 75 | €419 | €102 | -€316 | -75.6% |
| Financial charges | 65/66B | €9,013 | €6,273 | -€2,740 | -30.4% |
| Recurring financial charges | 65 | €9,013 | €6,273 | -€2,740 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €69,337 | €66,927 | -€2,410 | -3.5% |
| Income taxes | 67/77 | €17,069 | €26,305 | +€9,235 | +54.1% |
| Profit (loss) for the period | 9904 | €52,268 | €40,622 | -€11,646 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,268 | €40,622 | -€11,646 | -22.3% |
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 17 October 2026 via checked.be.