DAVA 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.
DAVA MANAGEMENT
Largest movements
- Tangible fixed assets -€50,231
down €50,231 (-13.2%), from €381,725 to €331,494
of which Furniture and vehicles: -€39,788
- Current investments +€36,107
up €36,107 (+87.7%), from €41,182 to €77,289
- Cash +€30,368
up €30,368 (+28.1%), from €108,112 to €138,480
mainly Net result for the year (+€66,368) and Depreciation (+€50,231)
- Receivables within one year -€20,808
down €20,808 (-79.7%), from €26,101 to €5,293
of which Trade receivables: -€21,320
- Reserves +€22,700
up €22,700 (+5.0%), from €456,064 to €478,764
- Debts after one year -€12,500
down €12,500 (-33.3%), from €37,500 to €25,000
of which Other amounts payable: -€12,500
- Current portion of long-term debt -€8,889
down €8,889 (-100.0%), from €8,889 to €0
- Gross operating margin -€3,862
down €3,862 (-2.5%), from €154,480 to €150,618
- Taxes -€2,686
down €2,686 (-9.2%), from €29,128 to €26,442
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €559,403 | €552,880 | -€6,522 | -1.2% |
| Fixed assets | 21/28 | €381,725 | €331,494 | -€50,231 | -13.2% |
| Tangible fixed assets | 22/27 | €381,725 | €331,494 | -€50,231 | -13.2% |
| Plant, machinery and equipment | 23 | €2,966 | €1,626 | -€1,340 | -45.2% |
| Furniture and vehicles | 24 | €108,472 | €68,684 | -€39,788 | -36.7% |
| Other tangible fixed assets | 26 | €270,287 | €261,184 | -€9,103 | -3.4% |
| Current assets | 29/58 | €177,678 | €221,386 | +€43,708 | +24.6% |
| Amounts receivable within one year | 40/41 | €26,101 | €5,293 | -€20,808 | -79.7% |
| Trade receivables | 40 | €24,685 | €3,365 | -€21,320 | -86.4% |
| Other amounts receivable | 41 | €1,416 | €1,928 | +€512 | +36.1% |
| Current investments | 50/53 | €41,182 | €77,289 | +€36,107 | +87.7% |
| Cash at bank and in hand | 54/58 | €108,112 | €138,480 | +€30,368 | +28.1% |
| Deferred charges and accrued income | 490/1 | €2,283 | €324 | -€1,958 | -85.8% |
| Total equity and liabilities | 10/49 | €559,403 | €552,880 | -€6,522 | -1.2% |
| Equity | 10/15 | €462,414 | €485,182 | +€22,768 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €456,064 | €478,764 | +€22,700 | +5.0% |
| Distributable reserves | 133 | €456,064 | €478,764 | +€22,700 | +5.0% |
| Profit (loss) carried forward | 14 | €150 | €218 | +€68 | +45.6% |
| Provisions and deferred taxes | 16 | €5,503 | €6,398 | +€895 | +16.3% |
| Provisions for liabilities and charges | 160/5 | €5,503 | €6,398 | +€895 | +16.3% |
| Major repairs and maintenance | 162 | €5,503 | €6,398 | +€895 | +16.3% |
| Amounts payable | 17/49 | €91,486 | €61,300 | -€30,186 | -33.0% |
| Amounts payable after more than one year | 17 | €37,500 | €25,000 | -€12,500 | -33.3% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €37,500 | €25,000 | -€12,500 | -33.3% |
| Amounts payable within one year | 42/48 | €51,986 | €30,597 | -€21,389 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €8,889 | €0 | -€8,889 | -100.0% |
| Trade debts | 44 | €10,645 | €8,055 | -€2,590 | -24.3% |
| Suppliers | 440/4 | €10,645 | €8,055 | -€2,590 | -24.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,148 | €10,042 | -€5,106 | -33.7% |
| Taxes | 450/3 | €15,148 | €10,042 | -€5,106 | -33.7% |
| Other amounts payable | 47/48 | €17,304 | €12,500 | -€4,804 | -27.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | €5,703 | +€3,703 | +185.1% |
| Non-recurring operating income | 76A | €9,877 | €0 | -€9,877 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,788 | €50,231 | +€1,443 | +3.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €895 | €895 | = | 0.0% |
| Other operating charges | 640/8 | €3,778 | €3,445 | -€333 | -8.8% |
| Gross operating margin | 9900 | €154,480 | €150,618 | -€3,862 | -2.5% |
| Operating profit (loss) | 9901 | €101,019 | €96,048 | -€4,971 | -4.9% |
| Financial income | 75/76B | €1,330 | €210 | -€1,120 | -84.2% |
| Recurring financial income | 75 | €1,330 | €210 | -€1,120 | -84.2% |
| Financial charges | 65/66B | €4,722 | €3,447 | -€1,275 | -27.0% |
| Recurring financial charges | 65 | €4,722 | €3,447 | -€1,275 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €97,627 | €92,810 | -€4,817 | -4.9% |
| Income taxes | 67/77 | €29,128 | €26,442 | -€2,686 | -9.2% |
| Profit (loss) for the period | 9904 | €68,499 | €66,368 | -€2,131 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,499 | €66,368 | -€2,131 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.