DAVA: 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.
DAVA
Largest movements
- Current investments -€117,000
down €117,000 (-43.8%), from €267,094 to €150,094
- Receivables within one year +€5,000
new in 2025: €5,000
- Cash -€4,891
down €4,891 (-35.3%), from €13,844 to €8,953
mainly Other debts (-€135,531) and Investment in fixed assets (net) (-€5,095)
- Other debts -€135,531
down €135,531 (-89.9%), from €150,793 to €15,263
- Reserves +€24,790
up €24,790 (+18.2%), from €136,165 to €160,954
of which Distributable reserves: +€24,790
- Gross operating margin -€3,453
down €3,453 (-7.7%), from €44,912 to €41,459
- Taxes -€1,551
down €1,551 (-11.2%), from €13,877 to €12,327
- Financial income -€714
down €714 (-19.3%), from €3,697 to €2,983
- Depreciation +€652
up €652 (+241%), from €270 to €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.
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 | €421,693 | €308,976 | -€112,717 | -26.7% |
| Fixed assets | 21/28 | €138,545 | €142,719 | +€4,174 | +3.0% |
| Tangible fixed assets | 22/27 | €138,545 | €142,719 | +€4,174 | +3.0% |
| Land and buildings | 22 | €138,545 | €142,719 | +€4,174 | +3.0% |
| Current assets | 29/58 | €283,148 | €166,257 | -€116,891 | -41.3% |
| Amounts receivable within one year | 40/41 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Current investments | 50/53 | €267,094 | €150,094 | -€117,000 | -43.8% |
| Cash at bank and in hand | 54/58 | €13,844 | €8,953 | -€4,891 | -35.3% |
| Deferred charges and accrued income | 490/1 | €2,210 | €2,210 | = | 0.0% |
| Total equity and liabilities | 10/49 | €421,693 | €308,976 | -€112,717 | -26.7% |
| Equity | 10/15 | €256,165 | €280,954 | +€24,790 | +9.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €136,165 | €160,954 | +€24,790 | +18.2% |
| Non-distributable reserves | 130/1 | €4,633 | €4,633 | = | 0.0% |
| Legal reserve | 130 | €4,633 | €4,633 | = | 0.0% |
| Distributable reserves | 133 | €131,532 | €156,321 | +€24,790 | +18.8% |
| Amounts payable | 17/49 | €165,528 | €28,022 | -€137,506 | -83.1% |
| Amounts payable within one year | 42/48 | €165,528 | €28,022 | -€137,506 | -83.1% |
| Trade debts | 44 | €696 | €721 | +€25 | +3.6% |
| Suppliers | 440/4 | €696 | €721 | +€25 | +3.6% |
| Taxes, remuneration and social security | 45 | €14,039 | €12,038 | -€2,001 | -14.3% |
| Taxes | 450/3 | €14,039 | €12,038 | -€2,001 | -14.3% |
| Other amounts payable | 47/48 | €150,793 | €15,263 | -€135,531 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €922 | +€652 | +241% |
| Other operating charges | 640/8 | €4,422 | €4,472 | +€50 | +1.1% |
| Gross operating margin | 9900 | €44,912 | €41,459 | -€3,453 | -7.7% |
| Operating profit (loss) | 9901 | €40,220 | €36,065 | -€4,155 | -10.3% |
| Financial income | 75/76B | €3,697 | €2,983 | -€714 | -19.3% |
| Recurring financial income | 75 | €3,697 | €2,983 | -€714 | -19.3% |
| Financial charges | 65/66B | €2,316 | €1,932 | -€383 | -16.6% |
| Recurring financial charges | 65 | €2,316 | €1,932 | -€383 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €41,601 | €37,116 | -€4,485 | -10.8% |
| Income taxes | 67/77 | €13,877 | €12,327 | -€1,551 | -11.2% |
| Profit (loss) for the period | 9904 | €27,724 | €24,790 | -€2,934 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,724 | €24,790 | -€2,934 | -10.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.