DANVEX: 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.
DANVEX
Largest movements
- Tangible fixed assets +€64,776
up €64,776 (+8.6%), from €754,462 to €819,237
of which Leasing and similar rights: +€62,850
- Receivables within one year -€54,743
down €54,743 (-20.5%), from €267,462 to €212,719
of which Trade receivables: -€122,565
- Reserves -€56,072
down €56,072 (-15.7%), from €357,932 to €301,860
- Current portion of long-term debt +€38,760
up €38,760 (+23.5%), from €164,694 to €203,454
- Trade debts +€25,370
up €25,370 (+121.9%), from €20,812 to €46,182
- Gross operating margin +€44,237
up €44,237 (+26.3%), from €168,003 to €212,241
- Depreciation +€21,533
up €21,533 (+14.9%), from €144,342 to €165,874
- Other operating charges +€4,698
up €4,698 (+27.4%), from €17,141 to €21,840
- Write-downs +€4,124
new in 2025: €4,124
- Financial charges +€4,115
up €4,115 (+17.8%), from €23,150 to €27,264
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 | €1,044,754 | €1,053,484 | +€8,730 | +0.8% |
| Fixed assets | 21/28 | €754,732 | €819,777 | +€65,046 | +8.6% |
| Tangible fixed assets | 22/27 | €754,462 | €819,237 | +€64,776 | +8.6% |
| Furniture and vehicles | 24 | €103,285 | €105,586 | +€2,301 | +2.2% |
| Leasing and similar rights | 25 | €650,451 | €713,300 | +€62,850 | +9.7% |
| Other tangible fixed assets | 26 | €726 | €351 | -€375 | -51.7% |
| Financial fixed assets | 28 | €270 | €540 | +€270 | +100.0% |
| Current assets | 29/58 | €290,023 | €233,707 | -€56,316 | -19.4% |
| Amounts receivable within one year | 40/41 | €267,462 | €212,719 | -€54,743 | -20.5% |
| Trade receivables | 40 | €246,775 | €124,210 | -€122,565 | -49.7% |
| Other amounts receivable | 41 | €20,688 | €88,509 | +€67,821 | +327.8% |
| Cash at bank and in hand | 54/58 | €10,955 | €6,249 | -€4,706 | -43.0% |
| Deferred charges and accrued income | 490/1 | €11,606 | €14,739 | +€3,133 | +27.0% |
| Total equity and liabilities | 10/49 | €1,044,754 | €1,053,484 | +€8,730 | +0.8% |
| Equity | 10/15 | €376,532 | €329,963 | -€46,570 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,932 | €301,860 | -€56,072 | -15.7% |
| Distributable reserves | 133 | €357,932 | €301,860 | -€56,072 | -15.7% |
| Profit (loss) carried forward | 14 | €0 | €9,503 | +€9,503 | |
| Amounts payable | 17/49 | €668,222 | €723,522 | +€55,299 | +8.3% |
| Amounts payable after more than one year | 17 | €453,939 | €449,262 | -€4,677 | -1.0% |
| Financial debts | 170/4 | €453,939 | €449,262 | -€4,677 | -1.0% |
| Amounts payable within one year | 42/48 | €207,095 | €273,790 | +€66,695 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €164,694 | €203,454 | +€38,760 | +23.5% |
| Trade debts | 44 | €20,812 | €46,182 | +€25,370 | +121.9% |
| Suppliers | 440/4 | €20,812 | €46,182 | +€25,370 | +121.9% |
| Taxes, remuneration and social security | 45 | €16,399 | €14,052 | -€2,346 | -14.3% |
| Taxes | 450/3 | €3,883 | €1,840 | -€2,042 | -52.6% |
| Remuneration and social security | 454/9 | €12,516 | €12,212 | -€304 | -2.4% |
| Other amounts payable | 47/48 | €5,191 | €10,102 | +€4,911 | +94.6% |
| Accrued charges and deferred income | 492/3 | €7,189 | €470 | -€6,719 | -93.5% |
| Remuneration, social security and pensions | 62 | €40,987 | €39,579 | -€1,409 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,342 | €165,874 | +€21,533 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,124 | +€4,124 | |
| Other operating charges | 640/8 | €17,141 | €21,840 | +€4,698 | +27.4% |
| Gross operating margin | 9900 | €168,003 | €212,241 | +€44,237 | +26.3% |
| Operating profit (loss) | 9901 | -€34,467 | -€19,176 | +€15,291 | +44.4% |
| Financial income | 75/76B | €440 | €5 | -€434 | -98.8% |
| Recurring financial income | 75 | €440 | €5 | -€434 | -98.8% |
| Financial charges | 65/66B | €23,150 | €27,264 | +€4,115 | +17.8% |
| Recurring financial charges | 65 | €23,150 | €27,264 | +€4,115 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€57,177 | -€46,435 | +€10,742 | +18.8% |
| Income taxes | 67/77 | €144 | €135 | -€10 | -6.8% |
| Profit (loss) for the period | 9904 | -€57,321 | -€46,570 | +€10,752 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,321 | -€46,570 | +€10,752 | +18.8% |
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 9 October 2026 via checked.be.