DAVAN CREATIONS: 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 CREATIONS
Largest movements
- Tangible fixed assets -€4,066
down €4,066 (-1.1%), from €370,727 to €366,661
of which Land and buildings: -€7,748
- Cash +€3,825
up €3,825 (+139%), from €2,743 to €6,567
mainly Net result for the year (+€17,718) and Depreciation (+€14,816)
- Reserves +€15,718
up €15,718 (+45.9%), from €34,208 to €49,927
- Debts after one year -€12,811
down €12,811 (-12.8%), from €99,973 to €87,162
- Other debts -€6,671
down €6,671 (-10.2%), from €65,288 to €58,617
- Tax, wage and social debts +€4,014
up €4,014 (+86.4%), from €4,647 to €8,661
- Gross operating margin +€7,023
up €7,023 (+15.6%), from €45,019 to €52,042
- Depreciation -€5,664
down €5,664 (-27.7%), from €20,481 to €14,816
- Taxes +€2,559
up €2,559 (+57.7%), from €4,433 to €6,993
- Financial charges -€940
down €940 (-8.9%), from €10,524 to €9,584
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 | €374,503 | €374,296 | -€207 | -0.1% |
| Fixed assets | 21/28 | €370,727 | €366,661 | -€4,066 | -1.1% |
| Tangible fixed assets | 22/27 | €370,727 | €366,661 | -€4,066 | -1.1% |
| Land and buildings | 22 | €366,079 | €358,331 | -€7,748 | -2.1% |
| Furniture and vehicles | 24 | €4,649 | €8,330 | +€3,682 | +79.2% |
| Current assets | 29/58 | €3,776 | €7,635 | +€3,859 | +102% |
| Cash at bank and in hand | 54/58 | €2,743 | €6,567 | +€3,825 | +139% |
| Deferred charges and accrued income | 490/1 | €1,033 | €1,067 | +€35 | +3.3% |
| Total equity and liabilities | 10/49 | €374,503 | €374,296 | -€207 | -0.1% |
| Equity | 10/15 | €184,208 | €199,927 | +€15,718 | +8.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €34,208 | €49,927 | +€15,718 | +45.9% |
| Distributable reserves | 133 | €34,208 | €49,927 | +€15,718 | +45.9% |
| Amounts payable | 17/49 | €190,295 | €174,369 | -€15,926 | -8.4% |
| Amounts payable after more than one year | 17 | €99,973 | €87,162 | -€12,811 | -12.8% |
| Financial debts | 170/4 | €99,973 | €87,162 | -€12,811 | -12.8% |
| Amounts payable within one year | 42/48 | €85,545 | €82,395 | -€3,150 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €14,869 | €13,853 | -€1,016 | -6.8% |
| Trade debts | 44 | €742 | €1,264 | +€522 | +70.4% |
| Suppliers | 440/4 | €742 | €1,264 | +€522 | +70.4% |
| Taxes, remuneration and social security | 45 | €4,647 | €8,661 | +€4,014 | +86.4% |
| Taxes | 450/3 | €4,647 | €8,661 | +€4,014 | +86.4% |
| Other amounts payable | 47/48 | €65,288 | €58,617 | -€6,671 | -10.2% |
| Accrued charges and deferred income | 492/3 | €4,777 | €4,813 | +€36 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,481 | €14,816 | -€5,664 | -27.7% |
| Other operating charges | 640/8 | €2,764 | €2,931 | +€167 | +6.0% |
| Gross operating margin | 9900 | €45,019 | €52,042 | +€7,023 | +15.6% |
| Operating profit (loss) | 9901 | €21,774 | €34,294 | +€12,520 | +57.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €10,524 | €9,584 | -€940 | -8.9% |
| Recurring financial charges | 65 | €10,524 | €9,584 | -€940 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €11,250 | €24,711 | +€13,461 | +120% |
| Income taxes | 67/77 | €4,433 | €6,993 | +€2,559 | +57.7% |
| Profit (loss) for the period | 9904 | €6,817 | €17,718 | +€10,902 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €6,817 | €17,718 | +€10,902 | +160% |
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 13 October 2026 via checked.be.