DAVAN: 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.
DAVAN
Largest movements
- Cash +€57,825
up €57,825 (+772%), from €7,492 to €65,317
mainly Other debts (+€39,079) and Depreciation (+€24,156)
- Tangible fixed assets -€24,156
down €24,156 (-3.7%), from €648,045 to €623,889
- Receivables within one year +€9,109
up €9,109 (+415%), from €2,193 to €11,303
of which Trade receivables: +€7,113
- Other debts +€39,079
up €39,079 (+3.9%), from €989,897 to €1.0m
- Gross operating margin +€65,273
up €65,273 (+3,358%), from €1,944 to €67,217
- Financial charges -€9,885
down €9,885 (-22.5%), from €44,026 to €34,141
- Depreciation -€9,827
down €9,827 (-28.9%), from €33,983 to €24,156
- Other operating charges +€2,007
up €2,007 (+48.4%), from €4,143 to €6,151
- Taxes +€1,406
new in 2025: €1,406
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 | €657,908 | €700,696 | +€42,788 | +6.5% |
| Fixed assets | 21/28 | €648,045 | €623,889 | -€24,156 | -3.7% |
| Tangible fixed assets | 22/27 | €648,045 | €623,889 | -€24,156 | -3.7% |
| Land and buildings | 22 | €648,045 | €623,889 | -€24,156 | -3.7% |
| Current assets | 29/58 | €9,863 | €76,807 | +€66,944 | +679% |
| Amounts receivable within one year | 40/41 | €2,193 | €11,303 | +€9,109 | +415% |
| Trade receivables | 40 | €1,387 | €8,500 | +€7,113 | +513% |
| Other amounts receivable | 41 | €806 | €2,803 | +€1,997 | +248% |
| Cash at bank and in hand | 54/58 | €7,492 | €65,317 | +€57,825 | +772% |
| Deferred charges and accrued income | 490/1 | €178 | €187 | +€9 | +5.2% |
| Total equity and liabilities | 10/49 | €657,908 | €700,696 | +€42,788 | +6.5% |
| Equity | 10/15 | -€336,186 | -€334,824 | +€1,363 | +0.4% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €98,020 | €98,020 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,238 | €10,238 | = | 0.0% |
| Distributable reserves | 133 | €87,782 | €87,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€679,207 | -€677,844 | +€1,363 | +0.2% |
| Amounts payable | 17/49 | €994,094 | €1,035,519 | +€41,425 | +4.2% |
| Amounts payable within one year | 42/48 | €994,094 | €1,035,519 | +€41,425 | +4.2% |
| Trade debts | 44 | €4,197 | €6,543 | +€2,346 | +55.9% |
| Suppliers | 440/4 | €4,197 | €6,543 | +€2,346 | +55.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €989,897 | €1,028,976 | +€39,079 | +3.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,983 | €24,156 | -€9,827 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,143 | €6,151 | +€2,007 | +48.4% |
| Gross operating margin | 9900 | €1,944 | €67,217 | +€65,273 | +3,358% |
| Operating profit (loss) | 9901 | -€36,183 | €36,910 | +€73,093 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €44,026 | €34,141 | -€9,885 | -22.5% |
| Recurring financial charges | 65 | €44,026 | €34,141 | -€9,885 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€80,209 | €2,769 | +€82,978 | |
| Income taxes | 67/77 | - | €1,406 | +€1,406 | |
| Profit (loss) for the period | 9904 | -€80,209 | €1,363 | +€81,571 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,209 | €1,363 | +€81,571 |
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.