DAVABO: 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.
DAVABO
Largest movements
- Receivables within one year -€90,924
down €90,924 (-76.2%), from €119,264 to €28,339
of which Trade receivables: -€84,766
- Tangible fixed assets -€18,114
down €18,114 (-51.6%), from €35,104 to €16,991
of which Leasing and similar rights: -€29,313
- Cash +€6,004
up €6,004 (+45.7%), from €13,123 to €19,127
mainly Receivables within one year (+€90,924) and Investment in fixed assets (net) (+€18,042)
- Receivables after one year -€6,000
no longer reported in 2025 (was €6,000)
- Financial fixed assets -€2,100
down €2,100 (-94.0%), from €2,235 to €135
- Trade debts -€60,691
down €60,691 (-62.2%), from €97,586 to €36,895
- Advances received -€20,004
no longer reported in 2025 (was €20,004)
- Debts after one year -€12,642
down €12,642 (-74.7%), from €16,921 to €4,279
- Tax, wage and social debts -€8,516
down €8,516 (-30.3%), from €28,151 to €19,635
of which Taxes: -€12,191
- Reserves -€7,827
down €7,827 (-53.9%), from €14,534 to €6,707
- Gross operating margin -€23,303
down €23,303 (-14.3%), from €163,428 to €140,125
- Depreciation -€12,281
down €12,281 (-85.0%), from €14,453 to €2,172
- Staff costs +€9,071
up €9,071 (+7.3%), from €123,961 to €133,031
- Other operating charges -€2,691
down €2,691 (-44.5%), from €6,041 to €3,350
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 | €199,753 | €88,689 | -€111,064 | -55.6% |
| Fixed assets | 21/28 | €37,339 | €17,126 | -€20,214 | -54.1% |
| Tangible fixed assets | 22/27 | €35,104 | €16,991 | -€18,114 | -51.6% |
| Plant, machinery and equipment | 23 | €1,409 | €2,461 | +€1,052 | +74.6% |
| Furniture and vehicles | 24 | - | €10,801 | +€10,801 | |
| Leasing and similar rights | 25 | €29,313 | - | -€29,313 | |
| Other tangible fixed assets | 26 | €4,382 | €3,729 | -€653 | -14.9% |
| Financial fixed assets | 28 | €2,235 | €135 | -€2,100 | -94.0% |
| Current assets | 29/58 | €162,414 | €71,563 | -€90,851 | -55.9% |
| Amounts receivable after more than one year | 29 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 291 | €6,000 | - | -€6,000 | |
| Stocks and contracts in progress | 3 | €20,606 | €21,118 | +€512 | +2.5% |
| Stocks | 30/36 | €20,606 | €21,118 | +€512 | +2.5% |
| Amounts receivable within one year | 40/41 | €119,264 | €28,339 | -€90,924 | -76.2% |
| Trade receivables | 40 | €105,417 | €20,651 | -€84,766 | -80.4% |
| Other amounts receivable | 41 | €13,847 | €7,688 | -€6,159 | -44.5% |
| Cash at bank and in hand | 54/58 | €13,123 | €19,127 | +€6,004 | +45.7% |
| Deferred charges and accrued income | 490/1 | €3,421 | €2,980 | -€441 | -12.9% |
| Total equity and liabilities | 10/49 | €199,753 | €88,689 | -€111,064 | -55.6% |
| Equity | 10/15 | €20,934 | €13,107 | -€7,827 | -37.4% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €14,534 | €6,707 | -€7,827 | -53.9% |
| Distributable reserves | 133 | €14,534 | €6,707 | -€7,827 | -53.9% |
| Amounts payable | 17/49 | €178,819 | €75,582 | -€103,237 | -57.7% |
| Amounts payable after more than one year | 17 | €16,921 | €4,279 | -€12,642 | -74.7% |
| Financial debts | 170/4 | €16,921 | €4,279 | -€12,642 | -74.7% |
| Amounts payable within one year | 42/48 | €161,027 | €71,303 | -€89,724 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €15,286 | €14,774 | -€513 | -3.4% |
| Trade debts | 44 | €97,586 | €36,895 | -€60,691 | -62.2% |
| Suppliers | 440/4 | €97,586 | €36,895 | -€60,691 | -62.2% |
| Advances received on contracts in progress | 46 | €20,004 | - | -€20,004 | |
| Taxes, remuneration and social security | 45 | €28,151 | €19,635 | -€8,516 | -30.3% |
| Taxes | 450/3 | €15,559 | €3,368 | -€12,191 | -78.4% |
| Remuneration and social security | 454/9 | €12,592 | €16,267 | +€3,675 | +29.2% |
| Accrued charges and deferred income | 492/3 | €871 | - | -€871 | |
| Remuneration, social security and pensions | 62 | €123,961 | €133,031 | +€9,071 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,453 | €2,172 | -€12,281 | -85.0% |
| Other operating charges | 640/8 | €6,041 | €3,350 | -€2,691 | -44.5% |
| Gross operating margin | 9900 | €163,428 | €140,125 | -€23,303 | -14.3% |
| Operating profit (loss) | 9901 | €18,973 | €1,572 | -€17,401 | -91.7% |
| Financial income | 75/76B | €1,313 | €725 | -€588 | -44.8% |
| Recurring financial income | 75 | €1,313 | €725 | -€588 | -44.8% |
| Financial charges | 65/66B | €8,801 | €10,123 | +€1,322 | +15.0% |
| Recurring financial charges | 65 | €8,801 | €10,123 | +€1,322 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €11,485 | -€7,827 | -€19,312 | |
| Profit (loss) for the period | 9904 | €11,485 | -€7,827 | -€19,312 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,485 | -€7,827 | -€19,312 |
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 14 October 2026 via checked.be.