DAV MANAGEMENT: 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.
DAV MANAGEMENT
Largest movements
- Tangible fixed assets +€71,102
up €71,102 (+22.8%), from €311,996 to €383,097
of which Land and buildings: +€57,249
- Current investments -€27,570
down €27,570 (-100.0%), from €27,570 to €0
- Cash +€10,253
up €10,253 (+255.3%), from €4,016 to €14,269
mainly Other debts (+€54,742) and Current investments (+€27,570)
- Receivables within one year +€5,204
up €5,204 (+66.5%), from €7,824 to €13,028
of which Trade receivables: +€6,947
- Other debts +€54,742
up €54,742 (+23.0%), from €238,418 to €293,160
- Trade debts +€9,106
up €9,106 (+4769.7%), from €191 to €9,297
- Reserves -€4,764
down €4,764 (-4.5%), from €106,042 to €101,278
- Gross operating margin -€15,375
down €15,375 (-84.8%), from €18,130 to €2,755
- Financial income +€3,129
up €3,129 (+139.0%), from €2,251 to €5,380
- Taxes -€2,179
down €2,179 (-100.0%), from €2,179 to €0
- Depreciation -€1,730
down €1,730 (-13.7%), from €12,584 to €10,854
- Other operating charges -€846
down €846 (-65.3%), from €1,295 to €449
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 | €351,406 | €410,458 | +€59,052 | +16.8% |
| Fixed assets | 21/28 | €311,996 | €383,097 | +€71,102 | +22.8% |
| Tangible fixed assets | 22/27 | €311,996 | €383,097 | +€71,102 | +22.8% |
| Land and buildings | 22 | €311,996 | €369,245 | +€57,249 | +18.3% |
| Furniture and vehicles | 24 | - | €13,853 | +€13,853 | |
| Current assets | 29/58 | €39,410 | €27,361 | -€12,049 | -30.6% |
| Amounts receivable within one year | 40/41 | €7,824 | €13,028 | +€5,204 | +66.5% |
| Trade receivables | 40 | €5,173 | €12,120 | +€6,947 | +134.3% |
| Other amounts receivable | 41 | €2,650 | €907 | -€1,743 | -65.8% |
| Current investments | 50/53 | €27,570 | €0 | -€27,570 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,016 | €14,269 | +€10,253 | +255.3% |
| Deferred charges and accrued income | 490/1 | - | €64 | +€64 | |
| Total equity and liabilities | 10/49 | €351,406 | €410,458 | +€59,052 | +16.8% |
| Equity | 10/15 | €111,042 | €106,278 | -€4,764 | -4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €106,042 | €101,278 | -€4,764 | -4.5% |
| Distributable reserves | 133 | €106,042 | €101,278 | -€4,764 | -4.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €240,364 | €304,180 | +€63,816 | +26.5% |
| Amounts payable within one year | 42/48 | €240,364 | €303,731 | +€63,368 | +26.4% |
| Trade debts | 44 | €191 | €9,297 | +€9,106 | +4769.7% |
| Suppliers | 440/4 | €191 | €9,297 | +€9,106 | +4769.7% |
| Taxes, remuneration and social security | 45 | €1,754 | €1,274 | -€480 | -27.4% |
| Taxes | 450/3 | €1,754 | €1,274 | -€480 | -27.4% |
| Other amounts payable | 47/48 | €238,418 | €293,160 | +€54,742 | +23.0% |
| Accrued charges and deferred income | 492/3 | - | €449 | +€449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,584 | €10,854 | -€1,730 | -13.7% |
| Other operating charges | 640/8 | €1,295 | €449 | -€846 | -65.3% |
| Gross operating margin | 9900 | €18,130 | €2,755 | -€15,375 | -84.8% |
| Operating profit (loss) | 9901 | €4,251 | -€8,548 | -€12,799 | |
| Financial income | 75/76B | €2,251 | €5,380 | +€3,129 | +139.0% |
| Recurring financial income | 75 | €2,251 | €5,380 | +€3,129 | +139.0% |
| Financial charges | 65/66B | €605 | €763 | +€159 | +26.2% |
| Recurring financial charges | 65 | €605 | €763 | +€159 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €5,897 | -€3,931 | -€9,828 | |
| Income taxes | 67/77 | €2,179 | €0 | -€2,179 | -100.0% |
| Profit (loss) for the period | 9904 | €3,718 | -€3,931 | -€7,649 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,718 | -€3,931 | -€7,649 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.