Darvan: what changed
Two fiscal 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
Darvan
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€578,883
2024 · €428,205+€150,679
Equity
€4.1m
2024 · €3.6m+€491,095
Cash
€1.1m
2024 · €279,612+€845,016
Balance sheet total
€4.8m
2024 · €4.8m-€13,985
Largest movements
Assets
- Current investments -€846,940
down €846,940 (-57.9%), from €1.5m to €615,909
- Cash +€845,016
up €845,016 (+302.2%), from €279,612 to €1.1m
mainly Current investments (+€846,940) and Net result for the year (+€578,883)
- Receivables within one year -€49,661
down €49,661 (-3.2%), from €1.5m to €1.5m
of which Trade receivables: -€28,760
Equity and liabilities
- Reserves +€455,814
up €455,814 (+12.9%), from €3.5m to €4.0m
of which Tax-exempt reserves: +€284,162
- Debts after one year -€326,773
down €326,773 (-68.0%), from €480,533 to €153,760
- Current portion of long-term debt -€113,528
down €113,528 (-52.4%), from €216,465 to €102,937
- Trade debts -€112,387
down €112,387 (-26.6%), from €423,191 to €310,804
Income statement
- Gross operating margin +€215,367
up €215,367 (+16.1%), from €1.3m to €1.6m
- Depreciation +€42,628
up €42,628 (+19.3%), from €220,362 to €262,990
- Taxes +€27,605
up €27,605 (+21.7%), from €127,203 to €154,808
- Financial income -€19,238
down €19,238 (-25.3%), from €76,148 to €56,911
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
€428,205
Gross operating margin
+€215,367
Staff costs
+€12,816
Depreciation
-€42,628
Write-downs
-€4,652
Provisions
+€8,959
Other operating charges
+€4,429
Other operating items
+€2,717
Financial income
-€19,238
Financial charges
+€512
Taxes
-€27,605
Result 2025
€578,883
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.
From operations
+€808,306
Investment
+€564,799
Financing
-€528,089
Cash 2024
€279,612
From operations (derived)
+€808,306
Net result for the year
+€578,883
Depreciation
+€262,990
Stocks and contracts
-€41,393
Receivables within one year
+€49,661
Deferred charges and accrued income
+€22,944
Provisions
+€8,040
Trade debts
-€112,387
Tax, wage and social debts
+€44,990
Other debts
+€2,924
Accrued charges and deferred income
-€8,346
Investment (derived)
+€564,799
Investment in fixed assets (net)
-€282,141
Current investments
+€846,940
Financing
-€528,089
Debts after one year
-€326,773
Current portion of long-term debt
-€113,528
Contributions, distributions and other
-€87,788
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,844,107 | €4,830,123 | -€13,985 | -0.3% |
| Fixed assets | 21/28 | €1,383,838 | €1,402,990 | +€19,152 | +1.4% |
| Tangible fixed assets | 22/27 | €1,380,198 | €1,400,020 | +€19,822 | +1.4% |
| Land and buildings | 22 | €978,265 | €976,934 | -€1,330 | -0.1% |
| Plant, machinery and equipment | 23 | €2,605 | €0 | -€2,605 | -100.0% |
| Furniture and vehicles | 24 | €399,328 | €423,085 | +€23,757 | +5.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €3,640 | €2,970 | -€670 | -18.4% |
| Current assets | 29/58 | €3,460,269 | €3,427,133 | -€33,136 | -1.0% |
| Stocks and contracts in progress | 3 | €120,431 | €161,824 | +€41,393 | +34.4% |
| Stocks | 30/36 | €120,431 | €161,824 | +€41,393 | +34.4% |
| Amounts receivable within one year | 40/41 | €1,540,252 | €1,490,591 | -€49,661 | -3.2% |
| Trade receivables | 40 | €1,499,554 | €1,470,794 | -€28,760 | -1.9% |
| Other amounts receivable | 41 | €40,698 | €19,797 | -€20,901 | -51.4% |
| Current investments | 50/53 | €1,462,850 | €615,909 | -€846,940 | -57.9% |
| Cash at bank and in hand | 54/58 | €279,612 | €1,124,628 | +€845,016 | +302.2% |
| Deferred charges and accrued income | 490/1 | €57,124 | €34,180 | -€22,944 | -40.2% |
| Total equity and liabilities | 10/49 | €4,844,107 | €4,830,123 | -€13,985 | -0.3% |
| Equity | 10/15 | €3,647,482 | €4,138,577 | +€491,095 | +13.5% |
| Contributions | 10/11 | €106,000 | €106,000 | = | 0.0% |
| Reserves | 13 | €3,541,101 | €3,996,914 | +€455,814 | +12.9% |
| Tax-exempt reserves | 132 | €650,995 | €935,156 | +€284,162 | +43.7% |
| Distributable reserves | 133 | €2,890,106 | €3,061,758 | +€171,652 | +5.9% |
| Profit (loss) carried forward | 14 | €381 | €103 | -€279 | -73.1% |
| Investment grants | 15 | - | €35,560 | +€35,560 | |
| Provisions and deferred taxes | 16 | €5,000 | €13,040 | +€8,040 | +160.8% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €13,040 | +€8,040 | +160.8% |
| Other liabilities and charges | 164/5 | €5,000 | €13,040 | +€8,040 | +160.8% |
| Amounts payable | 17/49 | €1,191,625 | €678,505 | -€513,120 | -43.1% |
| Amounts payable after more than one year | 17 | €480,533 | €153,760 | -€326,773 | -68.0% |
| Financial debts | 170/4 | €480,533 | €153,760 | -€326,773 | -68.0% |
| Amounts payable within one year | 42/48 | €700,399 | €522,398 | -€178,001 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €216,465 | €102,937 | -€113,528 | -52.4% |
| Trade debts | 44 | €423,191 | €310,804 | -€112,387 | -26.6% |
| Suppliers | 440/4 | €423,191 | €310,804 | -€112,387 | -26.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €51,801 | €96,791 | +€44,990 | +86.9% |
| Taxes | 450/3 | €11,590 | €28,614 | +€17,024 | +146.9% |
| Remuneration and social security | 454/9 | €40,211 | €68,177 | +€27,966 | +69.5% |
| Other amounts payable | 47/48 | €8,942 | €11,866 | +€2,924 | +32.7% |
| Accrued charges and deferred income | 492/3 | €10,693 | €2,347 | -€8,346 | -78.1% |
| Non-recurring operating income | 76A | €70,207 | €121,576 | +€51,369 | +73.2% |
| Remuneration, social security and pensions | 62 | €539,606 | €526,790 | -€12,816 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,362 | €262,990 | +€42,628 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27 | €4,625 | +€4,652 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,999 | €8,040 | -€8,959 | -52.7% |
| Other operating charges | 640/8 | €46,916 | €42,486 | -€4,429 | -9.4% |
| Non-recurring operating charges | 66A | €2,717 | €0 | -€2,717 | -100.0% |
| Gross operating margin | 9900 | €1,334,663 | €1,550,030 | +€215,367 | +16.1% |
| Operating profit (loss) | 9901 | €508,090 | €705,098 | +€197,009 | +38.8% |
| Financial income | 75/76B | €76,148 | €56,911 | -€19,238 | -25.3% |
| Recurring financial income | 75 | €76,148 | €56,911 | -€19,238 | -25.3% |
| Financial charges | 65/66B | €28,831 | €28,319 | -€512 | -1.8% |
| Recurring financial charges | 65 | €28,831 | €25,885 | -€2,945 | -10.2% |
| Non-recurring financial charges | 66B | - | €2,433 | +€2,433 | |
| Profit (loss) for the period before taxes | 9903 | €555,407 | €733,691 | +€178,284 | +32.1% |
| Income taxes | 67/77 | €127,203 | €154,808 | +€27,605 | +21.7% |
| Profit (loss) for the period | 9904 | €428,205 | €578,883 | +€150,679 | +35.2% |
| Transfer from tax-exempt reserves | 789 | - | €7,288 | +€7,288 | |
| Transfer to tax-exempt reserves | 689 | €176,300 | €291,450 | +€115,150 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €251,905 | €294,721 | +€42,817 | +17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.