Darvo: 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.
Darvo
Largest movements
- Tangible fixed assets -€23,357
down €23,357 (-2.4%), from €953,949 to €930,591
of which Land and buildings: -€22,031
- Debts after one year -€76,611
down €76,611 (-10.3%), from €745,857 to €669,246
- Profit (loss) carried forward +€38,043
up €38,043 (+8470.7%), from €449 to €38,492
- Gross operating margin +€5,854
up €5,854 (+6.7%), from €86,909 to €92,763
- Taxes +€4,242
new in 2025: €4,242
- Financial charges -€1,497
down €1,497 (-7.2%), from €20,848 to €19,351
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 | €960,021 | €936,554 | -€23,467 | -2.4% |
| Fixed assets | 21/28 | €953,949 | €930,591 | -€23,357 | -2.4% |
| Tangible fixed assets | 22/27 | €953,949 | €930,591 | -€23,357 | -2.4% |
| Land and buildings | 22 | €942,568 | €920,538 | -€22,031 | -2.3% |
| Plant, machinery and equipment | 23 | €11,381 | €10,054 | -€1,327 | -11.7% |
| Current assets | 29/58 | €6,073 | €5,963 | -€110 | -1.8% |
| Amounts receivable within one year | 40/41 | €4,720 | €4,811 | +€91 | +1.9% |
| Trade receivables | 40 | €1,000 | €850 | -€150 | -15.0% |
| Other amounts receivable | 41 | €3,720 | €3,961 | +€241 | +6.5% |
| Cash at bank and in hand | 54/58 | €648 | €431 | -€218 | -33.6% |
| Deferred charges and accrued income | 490/1 | €704 | €721 | +€17 | +2.4% |
| Total equity and liabilities | 10/49 | €960,021 | €936,554 | -€23,467 | -2.4% |
| Equity | 10/15 | €2,449 | €40,492 | +€38,043 | +1553.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €449 | €38,492 | +€38,043 | +8470.7% |
| Amounts payable | 17/49 | €957,572 | €896,062 | -€61,510 | -6.4% |
| Amounts payable after more than one year | 17 | €745,857 | €669,246 | -€76,611 | -10.3% |
| Financial debts | 170/4 | €745,857 | €669,246 | -€76,611 | -10.3% |
| Amounts payable within one year | 42/48 | €211,027 | €226,129 | +€15,101 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €74,815 | €76,611 | +€1,796 | +2.4% |
| Trade debts | 44 | €2,051 | €7,190 | +€5,139 | +250.5% |
| Suppliers | 440/4 | €2,051 | €7,190 | +€5,139 | +250.5% |
| Taxes, remuneration and social security | 45 | €420 | €4,242 | +€3,822 | +909.9% |
| Taxes | 450/3 | €420 | €4,242 | +€3,822 | +909.9% |
| Other amounts payable | 47/48 | €133,742 | €138,086 | +€4,344 | +3.2% |
| Accrued charges and deferred income | 492/3 | €688 | €688 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,191 | €23,357 | +€166 | +0.7% |
| Other operating charges | 640/8 | €7,359 | €7,770 | +€411 | +5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €86,909 | €92,763 | +€5,854 | +6.7% |
| Operating profit (loss) | 9901 | €56,359 | €61,635 | +€5,277 | +9.4% |
| Financial charges | 65/66B | €20,848 | €19,351 | -€1,497 | -7.2% |
| Recurring financial charges | 65 | €20,848 | €19,351 | -€1,497 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €35,511 | €42,284 | +€6,774 | +19.1% |
| Income taxes | 67/77 | - | €4,242 | +€4,242 | |
| Profit (loss) for the period | 9904 | €35,511 | €38,043 | +€2,532 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,511 | €38,043 | +€2,532 | +7.1% |
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 8 October 2026 via checked.be.