DanVic: 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.
DanVic
Largest movements
- Current investments +€125,640
up €125,640 (+26.8%), from €468,876 to €594,517
- Cash -€67,311
down €67,311 (-34.0%), from €198,114 to €130,802
mainly Current investments (-€125,640) and Other debts (-€20,222)
- Receivables within one year +€15,481
up €15,481 (+26.1%), from €59,410 to €74,891
- Tangible fixed assets -€12,365
down €12,365 (-12.6%), from €98,187 to €85,822
of which Furniture and vehicles: -€10,065
- Reserves +€88,512
up €88,512 (+12.0%), from €735,928 to €824,440
- Other debts -€20,222
down €20,222 (-95.2%), from €21,250 to €1,029
- Gross operating margin -€24,441
down €24,441 (-15.4%), from €158,452 to €134,010
- Financial income +€7,065
up €7,065 (+164%), from €4,309 to €11,374
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 | €824,587 | €887,412 | +€62,825 | +7.6% |
| Fixed assets | 21/28 | €98,187 | €85,822 | -€12,365 | -12.6% |
| Tangible fixed assets | 22/27 | €98,187 | €85,822 | -€12,365 | -12.6% |
| Land and buildings | 22 | €84,341 | €82,487 | -€1,854 | -2.2% |
| Plant, machinery and equipment | 23 | €672 | €226 | -€446 | -66.4% |
| Furniture and vehicles | 24 | €13,174 | €3,109 | -€10,065 | -76.4% |
| Current assets | 29/58 | €726,400 | €801,590 | +€75,189 | +10.4% |
| Amounts receivable within one year | 40/41 | €59,410 | €74,891 | +€15,481 | +26.1% |
| Trade receivables | 40 | €59,410 | €74,891 | +€15,481 | +26.1% |
| Current investments | 50/53 | €468,876 | €594,517 | +€125,640 | +26.8% |
| Cash at bank and in hand | 54/58 | €198,114 | €130,802 | -€67,311 | -34.0% |
| Deferred charges and accrued income | 490/1 | - | €1,380 | +€1,380 | |
| Total equity and liabilities | 10/49 | €824,587 | €887,412 | +€62,825 | +7.6% |
| Equity | 10/15 | €742,128 | €830,640 | +€88,512 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €735,928 | €824,440 | +€88,512 | +12.0% |
| Distributable reserves | 133 | €735,928 | €824,440 | +€88,512 | +12.0% |
| Amounts payable | 17/49 | €82,459 | €56,772 | -€25,687 | -31.2% |
| Amounts payable after more than one year | 17 | €25,051 | €18,251 | -€6,801 | -27.1% |
| Financial debts | 170/4 | €25,051 | €18,251 | -€6,801 | -27.1% |
| Amounts payable within one year | 42/48 | €57,408 | €38,521 | -€18,887 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €10,593 | €6,728 | -€3,865 | -36.5% |
| Trade debts | 44 | €4,787 | €2,736 | -€2,051 | -42.8% |
| Suppliers | 440/4 | €4,787 | €2,736 | -€2,051 | -42.8% |
| Taxes, remuneration and social security | 45 | €20,777 | €28,028 | +€7,251 | +34.9% |
| Taxes | 450/3 | €17,810 | €28,028 | +€10,218 | +57.4% |
| Remuneration and social security | 454/9 | €2,967 | - | -€2,967 | |
| Other amounts payable | 47/48 | €21,250 | €1,029 | -€20,222 | -95.2% |
| Non-recurring operating income | 76A | €21,000 | - | -€21,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,419 | €12,365 | -€54 | -0.4% |
| Other operating charges | 640/8 | €1,080 | €924 | -€157 | -14.5% |
| Gross operating margin | 9900 | €158,452 | €134,010 | -€24,441 | -15.4% |
| Operating profit (loss) | 9901 | €144,953 | €120,722 | -€24,231 | -16.7% |
| Financial income | 75/76B | €4,309 | €11,374 | +€7,065 | +164% |
| Recurring financial income | 75 | €4,309 | €11,374 | +€7,065 | +164% |
| Financial charges | 65/66B | €1,805 | €1,178 | -€627 | -34.7% |
| Recurring financial charges | 65 | €1,805 | €1,178 | -€627 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €147,456 | €130,917 | -€16,539 | -11.2% |
| Income taxes | 67/77 | €41,060 | €42,405 | +€1,345 | +3.3% |
| Profit (loss) for the period | 9904 | €106,396 | €88,512 | -€17,884 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,396 | €88,512 | -€17,884 | -16.8% |
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 19 October 2026 via checked.be.