DAVACO: 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.
DAVACO
Largest movements
- Receivables within one year +€232,981
up €232,981 (+362.1%), from €64,342 to €297,323
of which Other amounts receivable: +€265,007
- Cash -€73,169
down €73,169 (-100.0%), from €73,169 to €0
mainly Receivables within one year (-€232,981) and Other debts (-€117,889)
- Financial fixed assets -€49,200
down €49,200 (-26.0%), from €189,000 to €139,800
- Tangible fixed assets -€30,752
down €30,752 (-28.6%), from €107,545 to €76,793
of which Furniture and vehicles: -€29,855
- Deferred charges and accrued income -€5,349
down €5,349 (-70.2%), from €7,619 to €2,270
- Profit (loss) carried forward +€258,084
up €258,084 (+383.9%), from €67,229 to €325,312
- Other debts -€117,889
down €117,889 (-45.3%), from €260,251 to €142,362
- Tax, wage and social debts -€21,732
down €21,732 (-88.5%), from €24,569 to €2,837
- Short-term financial debts -€16,549
down €16,549 (-94.6%), from €17,500 to €951
- Trade debts -€15,489
down €15,489 (-97.6%), from €15,867 to €377
- Financial income +€258,800
new in 2024: €258,800
of which Financial income: +€258,800
- Gross operating margin -€60,676
down €60,676 (-64.7%), from €93,794 to €33,119
- Taxes -€9,818
down €9,818 (-86.4%), from €11,365 to €1,547
- Other operating charges -€6,761
down €6,761 (-92.2%), from €7,335 to €574
- Depreciation +€2,162
up €2,162 (+7.6%), from €28,590 to €30,752
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,675 | €516,186 | +€74,512 | +16.9% |
| Fixed assets | 21/28 | €296,545 | €216,593 | -€79,952 | -27.0% |
| Tangible fixed assets | 22/27 | €107,545 | €76,793 | -€30,752 | -28.6% |
| Land and buildings | 22 | €4,484 | €3,587 | -€897 | -20.0% |
| Furniture and vehicles | 24 | €103,061 | €73,206 | -€29,855 | -29.0% |
| Financial fixed assets | 28 | €189,000 | €139,800 | -€49,200 | -26.0% |
| Current assets | 29/58 | €145,130 | €299,593 | +€154,463 | +106.4% |
| Amounts receivable within one year | 40/41 | €64,342 | €297,323 | +€232,981 | +362.1% |
| Trade receivables | 40 | €33,694 | €1,667 | -€32,026 | -95.1% |
| Other amounts receivable | 41 | €30,648 | €295,655 | +€265,007 | +864.7% |
| Cash at bank and in hand | 54/58 | €73,169 | €0 | -€73,169 | -100.0% |
| Deferred charges and accrued income | 490/1 | €7,619 | €2,270 | -€5,349 | -70.2% |
| Total equity and liabilities | 10/49 | €441,675 | €516,186 | +€74,512 | +16.9% |
| Equity | 10/15 | €85,829 | €343,912 | +€258,084 | +300.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,229 | €325,312 | +€258,084 | +383.9% |
| Amounts payable | 17/49 | €355,846 | €172,274 | -€183,572 | -51.6% |
| Amounts payable after more than one year | 17 | €24,625 | €11,370 | -€13,254 | -53.8% |
| Financial debts | 170/4 | €24,625 | €11,370 | -€13,254 | -53.8% |
| Amounts payable within one year | 42/48 | €331,221 | €160,904 | -€170,318 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €13,035 | €14,377 | +€1,342 | +10.3% |
| Financial debts | 43 | €17,500 | €951 | -€16,549 | -94.6% |
| Credit institutions | 430/8 | €17,500 | €951 | -€16,549 | -94.6% |
| Trade debts | 44 | €15,867 | €377 | -€15,489 | -97.6% |
| Suppliers | 440/4 | €15,867 | €377 | -€15,489 | -97.6% |
| Taxes, remuneration and social security | 45 | €24,569 | €2,837 | -€21,732 | -88.5% |
| Taxes | 450/3 | €24,569 | €2,837 | -€21,732 | -88.5% |
| Other amounts payable | 47/48 | €260,251 | €142,362 | -€117,889 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,590 | €30,752 | +€2,162 | +7.6% |
| Other operating charges | 640/8 | €7,335 | €574 | -€6,761 | -92.2% |
| Non-recurring operating charges | 66A | - | €25 | +€25 | |
| Gross operating margin | 9900 | €93,794 | €33,119 | -€60,676 | -64.7% |
| Operating profit (loss) | 9901 | €57,869 | €1,768 | -€56,101 | -96.9% |
| Financial income | 75/76B | - | €258,800 | +€258,800 | |
| Recurring financial income | 75 | - | €258,800 | +€258,800 | |
| Non-recurring financial income | 76B | - | €258,800 | +€258,800 | |
| Financial charges | 65/66B | €1,414 | €938 | -€476 | -33.7% |
| Recurring financial charges | 65 | €1,414 | €938 | -€476 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €56,455 | €259,630 | +€203,175 | +359.9% |
| Income taxes | 67/77 | €11,365 | €1,547 | -€9,818 | -86.4% |
| Profit (loss) for the period | 9904 | €45,091 | €258,084 | +€212,993 | +472.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,091 | €258,084 | +€212,993 | +472.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.