DA VINCI 2: 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 2
Largest movements
- Receivables within one year +€110,075
up €110,075 (+105%), from €105,234 to €215,309
of which Other amounts receivable: +€85,433
- Cash -€53,264
down €53,264 (-83.2%), from €64,030 to €10,766
mainly Receivables within one year (-€110,075) and Investment in fixed assets (net) (-€21,420)
- Tangible fixed assets -€31,820
down €31,820 (-14.8%), from €215,454 to €183,634
of which Other tangible fixed assets: -€26,807
- Reserves +€127,537
up €127,537 (+696%), from €18,329 to €145,866
of which Distributable reserves: +€127,537
- Profit (loss) carried forward -€120,871
no longer reported in 2025 (was €120,871)
- Tax, wage and social debts +€27,595
up €27,595 (+157%), from €17,633 to €45,228
of which Taxes: +€18,842
- Trade debts +€15,589
up €15,589 (+18.8%), from €82,843 to €98,432
- Debts after one year -€11,205
down €11,205 (-9.7%), from €115,813 to €104,608
- Turnover -€840,361
no longer reported in 2025 (was €840,361)
- Purchases and services -€584,380
no longer reported in 2025 (was €584,380)
- Staff costs -€49,300
down €49,300 (-29.0%), from €170,082 to €120,782
- Other operating charges +€35,599
up €35,599 (+758%), from €4,698 to €40,297
- Depreciation +€32,932
up €32,932 (+161%), from €20,471 to €53,403
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 | €398,013 | €425,799 | +€27,786 | +7.0% |
| Fixed assets | 21/28 | €223,343 | €191,360 | -€31,983 | -14.3% |
| Tangible fixed assets | 22/27 | €215,454 | €183,634 | -€31,820 | -14.8% |
| Plant, machinery and equipment | 23 | €38,612 | €38,849 | +€237 | +0.6% |
| Furniture and vehicles | 24 | €24,452 | €19,202 | -€5,250 | -21.5% |
| Other tangible fixed assets | 26 | €152,390 | €125,583 | -€26,807 | -17.6% |
| Financial fixed assets | 28 | €7,889 | €7,726 | -€163 | -2.1% |
| Current assets | 29/58 | €174,670 | €234,439 | +€59,769 | +34.2% |
| Stocks and contracts in progress | 3 | €4,750 | €4,750 | = | 0.0% |
| Stocks | 30/36 | €4,750 | €4,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,234 | €215,309 | +€110,075 | +105% |
| Trade receivables | 40 | €60,191 | €84,833 | +€24,642 | +40.9% |
| Other amounts receivable | 41 | €45,042 | €130,475 | +€85,433 | +190% |
| Cash at bank and in hand | 54/58 | €64,030 | €10,766 | -€53,264 | -83.2% |
| Deferred charges and accrued income | 490/1 | €657 | €3,615 | +€2,958 | +451% |
| Total equity and liabilities | 10/49 | €398,013 | €425,799 | +€27,786 | +7.0% |
| Equity | 10/15 | €159,660 | €166,326 | +€6,666 | +4.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €18,329 | €145,866 | +€127,537 | +696% |
| Tax-exempt reserves | 132 | €18,329 | €18,329 | = | 0.0% |
| Distributable reserves | 133 | - | €127,537 | +€127,537 | |
| Profit (loss) carried forward | 14 | €120,871 | - | -€120,871 | |
| Amounts payable | 17/49 | €238,353 | €259,473 | +€21,120 | +8.9% |
| Amounts payable after more than one year | 17 | €115,813 | €104,608 | -€11,205 | -9.7% |
| Financial debts | 170/4 | €115,813 | €104,608 | -€11,205 | -9.7% |
| Amounts payable within one year | 42/48 | €122,540 | €154,866 | +€32,325 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €22,065 | €11,205 | -€10,860 | -49.2% |
| Trade debts | 44 | €82,843 | €98,432 | +€15,589 | +18.8% |
| Suppliers | 440/4 | €82,843 | €98,432 | +€15,589 | +18.8% |
| Taxes, remuneration and social security | 45 | €17,633 | €45,228 | +€27,595 | +157% |
| Taxes | 450/3 | €12,591 | €31,433 | +€18,842 | +150% |
| Remuneration and social security | 454/9 | €5,042 | €13,795 | +€8,754 | +174% |
| Turnover | 70 | €840,361 | - | -€840,361 | |
| Goods, raw materials, services and sundry goods | 60/61 | €584,380 | - | -€584,380 | |
| Remuneration, social security and pensions | 62 | €170,082 | €120,782 | -€49,300 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,471 | €53,403 | +€32,932 | +161% |
| Other operating charges | 640/8 | €4,698 | €40,297 | +€35,599 | +758% |
| Gross operating margin | 9900 | €258,036 | €238,500 | -€19,536 | -7.6% |
| Operating profit (loss) | 9901 | €62,785 | €24,018 | -€38,767 | -61.7% |
| Financial income | 75/76B | €1 | €3,777 | +€3,776 | +363,098% |
| Recurring financial income | 75 | €1 | €3,777 | +€3,776 | +363,098% |
| Financial charges | 65/66B | €14,598 | €10,846 | -€3,752 | -25.7% |
| Recurring financial charges | 65 | €14,598 | €10,846 | -€3,752 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €48,188 | €16,950 | -€31,238 | -64.8% |
| Income taxes | 67/77 | €13,687 | €10,284 | -€3,404 | -24.9% |
| Profit (loss) for the period | 9904 | €34,501 | €6,666 | -€27,835 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,501 | €6,666 | -€27,835 | -80.7% |
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 1 November 2026 via checked.be.