DAVAKO: 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.
What changed
DAVAKO
NACE 01.461, Pig breeding farms
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€883,137
2024 · €4.6m-€3.8m
Equity
€4.7m
2024 · €3.8m+€883,137
Cash
€165,677
2024 · €1,054+€164,623
Balance sheet total
€6.9m
2024 · €11.0m-€4.1m
Largest movements
Assets
- Receivables within one year -€3.0m
down €3.0m (-30.9%), from €9.7m to €6.7m
of which Trade receivables: -€4.0m
- Stocks and contracts -€1.3m
no longer reported in 2025 (was €1.3m)
- Cash +€164,623
up €164,623 (+15613.1%), from €1,054 to €165,677
mainly Receivables within one year (+€3.0m) and Stocks and contracts (+€1.3m)
Equity and liabilities
- Other debts -€4.8m
no longer reported in 2025 (was €4.8m)
- Profit (loss) carried forward +€883,137
up €883,137 (+29.3%), from €3.0m to €3.9m
- Trade debts -€615,994
down €615,994 (-26.7%), from €2.3m to €1.7m
- Provisions +€499,793
new in 2025: €499,793
- Accrued charges and deferred income -€133,777
no longer reported in 2025 (was €133,777)
Income statement
- Turnover -€10.6m
down €10.6m (-28.9%), from €36.7m to €26.1m
- Goods and materials -€6.9m
down €6.9m (-23.8%), from €29.0m to €22.1m
- Taxes -€993,835
down €993,835 (-77.1%), from €1.3m to €294,948
of which Taxes: -€992,474
- Provisions +€499,793
new in 2025: €499,793
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.
Result 2024
€4.6m
Turnover
-€10.6m
Other operating income
-€2,741
Goods and materials
+€6.9m
Services and other goods
+€211,571
Staff costs
+€17,901
Depreciation
+€2,590
Write-downs
-€6,519
Provisions
-€499,793
Other operating charges
+€342
Other operating items
-€741,750
Financial income
-€12,642
Financial charges
-€5,960
Taxes
+€993,835
Result 2025
€883,137
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.
From operations
+€164,623
Investment
€0
Financing
€0
Cash 2024
€1,054
From operations (derived)
+€164,623
Net result for the year
+€883,137
Depreciation
+€1,393
Stocks and contracts
+€1.3m
Receivables within one year
+€3.0m
Provisions
+€499,793
Trade debts
-€615,994
Tax, wage and social debts
+€166
Other debts
-€4.8m
Accrued charges and deferred income
-€133,777
Cash 2025
€165,677
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,008,751 | €6,885,577 | -€4.1m | -37.5% |
| Fixed assets | 21/28 | €1,393 | - | -€1,393 | |
| Tangible fixed assets | 22/27 | €1,393 | - | -€1,393 | |
| Furniture and vehicles | 24 | €1,393 | - | -€1,393 | |
| Current assets | 29/58 | €11,007,358 | €6,885,577 | -€4.1m | -37.4% |
| Stocks and contracts in progress | 3 | €1,286,805 | - | -€1.3m | |
| Stocks | 30/36 | €1,286,805 | - | -€1.3m | |
| Work in progress | 32 | €1,286,805 | - | -€1.3m | |
| Amounts receivable within one year | 40/41 | €9,719,499 | €6,719,900 | -€3.0m | -30.9% |
| Trade receivables | 40 | €9,508,813 | €5,538,357 | -€4.0m | -41.8% |
| Other amounts receivable | 41 | €210,686 | €1,181,543 | +€970,857 | +460.8% |
| Cash at bank and in hand | 54/58 | €1,054 | €165,677 | +€164,623 | +15613.1% |
| Total equity and liabilities | 10/49 | €11,008,751 | €6,885,577 | -€4.1m | -37.5% |
| Equity | 10/15 | €3,787,554 | €4,670,691 | +€883,137 | +23.3% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,017,554 | €3,900,691 | +€883,137 | +29.3% |
| Provisions and deferred taxes | 16 | - | €499,793 | +€499,793 | |
| Provisions for liabilities and charges | 160/5 | - | €499,793 | +€499,793 | |
| Other liabilities and charges | 164/5 | - | €499,793 | +€499,793 | |
| Amounts payable | 17/49 | €7,221,197 | €1,715,093 | -€5.5m | -76.2% |
| Amounts payable within one year | 42/48 | €7,087,420 | €1,715,093 | -€5.4m | -75.8% |
| Trade debts | 44 | €2,306,946 | €1,690,952 | -€615,994 | -26.7% |
| Suppliers | 440/4 | €2,306,946 | €1,690,952 | -€615,994 | -26.7% |
| Taxes, remuneration and social security | 45 | €23,974 | €24,141 | +€166 | +0.7% |
| Taxes | 450/3 | €3,955 | €2,527 | -€1,428 | -36.1% |
| Remuneration and social security | 454/9 | €20,019 | €21,614 | +€1,594 | +8.0% |
| Other amounts payable | 47/48 | €4,756,500 | - | -€4.8m | |
| Accrued charges and deferred income | 492/3 | €133,777 | - | -€133,777 | |
| Operating income | 70/76A | €36,165,745 | €24,809,311 | -€11.4m | -31.4% |
| Turnover | 70 | €36,715,060 | €26,103,118 | -€10.6m | -28.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€565,827 | -€1,300,363 | -€734,536 | -129.8% |
| Other operating income | 74 | €9,297 | €6,556 | -€2,741 | -29.5% |
| Non-recurring operating income | 76A | €7,214 | - | -€7,214 | |
| Operating charges | 60/66A | €30,254,791 | €23,631,140 | -€6.6m | -21.9% |
| Goods for resale, raw materials and consumables | 60 | €28,986,286 | €22,088,726 | -€6.9m | -23.8% |
| Purchases | 600/8 | €28,986,286 | €22,088,726 | -€6.9m | -23.8% |
| Services and other goods | 61 | €1,175,056 | €963,485 | -€211,571 | -18.0% |
| Remuneration, social security and pensions | 62 | €107,960 | €90,059 | -€17,901 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,983 | €1,393 | -€2,590 | -65.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,077 | -€13,558 | +€6,519 | +32.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €499,793 | +€499,793 | |
| Other operating charges | 640/8 | €1,584 | €1,242 | -€342 | -21.6% |
| Operating profit (loss) | 9901 | €5,910,953 | €1,178,171 | -€4.7m | -80.1% |
| Financial income | 75/76B | €20,498 | €7,855 | -€12,642 | -61.7% |
| Recurring financial income | 75 | €20,498 | €7,855 | -€12,642 | -61.7% |
| Income from current assets | 751 | €20,493 | €7,850 | -€12,643 | -61.7% |
| Other financial income | 752/9 | €5 | €5 | +€1 | +18.4% |
| Financial charges | 65/66B | €1,981 | €7,941 | +€5,960 | +300.8% |
| Recurring financial charges | 65 | €1,981 | €7,941 | +€5,960 | +300.8% |
| Debt charges | 650 | €715 | €6,655 | +€5,940 | +830.9% |
| Other financial charges | 652/9 | €1,266 | €1,286 | +€19 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €5,929,470 | €1,178,085 | -€4.8m | -80.1% |
| Income taxes | 67/77 | €1,288,783 | €294,948 | -€993,835 | -77.1% |
| Taxes | 670/3 | €1,288,783 | €296,309 | -€992,474 | -77.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,361 | +€1,361 | |
| Profit (loss) for the period | 9904 | €4,640,687 | €883,137 | -€3.8m | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,640,687 | €883,137 | -€3.8m | -81.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.