DARVINCI: 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.
DARVINCI
Largest movements
- Receivables within one year -€54,090
down €54,090 (-45.2%), from €119,730 to €65,639
- Current portion of long-term debt -€96,381
down €96,381 (-54.5%), from €176,809 to €80,427
- Debts after one year +€78,900
up €78,900 (+16.6%), from €475,399 to €554,299
of which Financial debts: +€62,065
- Trade debts -€60,773
down €60,773 (-75.7%), from €80,266 to €19,492
- Reserves +€33,391
up €33,391 (+13.5%), from €247,597 to €280,988
of which Distributable reserves: +€33,391
- Gross operating margin -€18,697
down €18,697 (-22.0%), from €84,867 to €66,170
- Taxes -€2,231
down €2,231 (-14.3%), from €15,606 to €13,374
- Other operating charges +€878
up €878 (+84.0%), from €1,044 to €1,922
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 | €1,067,794 | €1,013,867 | -€53,927 | -5.1% |
| Fixed assets | 21/28 | €941,450 | €944,685 | +€3,235 | +0.3% |
| Financial fixed assets | 28 | €941,450 | €944,685 | +€3,235 | +0.3% |
| Current assets | 29/58 | €126,345 | €69,183 | -€57,162 | -45.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €119,730 | €65,639 | -€54,090 | -45.2% |
| Trade receivables | 40 | €119,730 | €65,639 | -€54,090 | -45.2% |
| Cash at bank and in hand | 54/58 | €5,483 | €2,354 | -€3,129 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,132 | €1,189 | +€57 | +5.0% |
| Total equity and liabilities | 10/49 | €1,067,794 | €1,013,867 | -€53,927 | -5.1% |
| Equity | 10/15 | €266,197 | €299,588 | +€33,391 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €247,597 | €280,988 | +€33,391 | +13.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €245,737 | €279,128 | +€33,391 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €801,597 | €714,279 | -€87,318 | -10.9% |
| Amounts payable after more than one year | 17 | €475,399 | €554,299 | +€78,900 | +16.6% |
| Financial debts | 170/4 | €267,579 | €329,645 | +€62,065 | +23.2% |
| Other amounts payable | 178/9 | €207,820 | €224,655 | +€16,835 | +8.1% |
| Amounts payable within one year | 42/48 | €322,469 | €155,304 | -€167,165 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €176,809 | €80,427 | -€96,381 | -54.5% |
| Financial debts | 43 | €20,018 | €14,668 | -€5,350 | -26.7% |
| Credit institutions | 430/8 | €1,223 | €775 | -€448 | -36.6% |
| Other loans | 439 | €18,795 | €13,893 | -€4,902 | -26.1% |
| Trade debts | 44 | €80,266 | €19,492 | -€60,773 | -75.7% |
| Suppliers | 440/4 | €80,266 | €19,492 | -€60,773 | -75.7% |
| Taxes, remuneration and social security | 45 | €35,376 | €30,716 | -€4,660 | -13.2% |
| Taxes | 450/3 | €35,376 | €30,716 | -€4,660 | -13.2% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,729 | €4,676 | +€947 | +25.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,044 | €1,922 | +€878 | +84.0% |
| Gross operating margin | 9900 | €84,867 | €66,170 | -€18,697 | -22.0% |
| Operating profit (loss) | 9901 | €83,823 | €64,248 | -€19,575 | -23.4% |
| Financial income | 75/76B | €3,111 | €3,235 | +€124 | +4.0% |
| Recurring financial income | 75 | €3,111 | €3,235 | +€124 | +4.0% |
| Financial charges | 65/66B | €10,109 | €10,717 | +€608 | +6.0% |
| Recurring financial charges | 65 | €10,109 | €10,717 | +€608 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €76,824 | €56,765 | -€20,059 | -26.1% |
| Income taxes | 67/77 | €15,606 | €13,374 | -€2,231 | -14.3% |
| Profit (loss) for the period | 9904 | €61,219 | €43,391 | -€17,828 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,219 | €43,391 | -€17,828 | -29.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.