DAVANI: 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.
DAVANI
Largest movements
- Receivables within one year +€42,060
up €42,060 (+679.3%), from €6,192 to €48,251
of which Trade receivables: +€41,614
- Tangible fixed assets +€20,596
new in 2025: €20,596
- Cash -€5,977
down €5,977 (-26.6%), from €22,440 to €16,463
mainly Receivables within one year (-€42,060) and Investment in fixed assets (net) (-€25,587)
- Other debts +€19,971
up €19,971 (+7804.1%), from €256 to €20,227
- Profit (loss) carried forward +€19,364
up €19,364 (+55.6%), from -€34,845 to -€15,480
- Tax, wage and social debts +€14,456
up €14,456 (+255.4%), from €5,660 to €20,116
of which Remuneration and social security: +€7,867
- Trade debts +€6,197
up €6,197 (+26.5%), from €23,406 to €29,603
- Debts after one year -€2,127
no longer reported in 2025 (was €2,127)
- Gross operating margin +€59,260
up €59,260, from -€2,366 to €56,894
- Staff costs +€26,173
up €26,173 (+200.5%), from €13,056 to €39,229
- Financial income +€8,498
new in 2025: €8,498
of which Non-recurring financial income: +€8,498
- Other operating charges -€7,077
down €7,077 (-87.9%), from €8,052 to €975
- Depreciation +€4,991
new in 2025: €4,991
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,583 | €86,615 | +€57,032 | +192.8% |
| Fixed assets | 21/28 | - | €20,596 | +€20,596 | |
| Tangible fixed assets | 22/27 | - | €20,596 | +€20,596 | |
| Furniture and vehicles | 24 | - | €20,596 | +€20,596 | |
| Current assets | 29/58 | €29,583 | €66,020 | +€36,437 | +123.2% |
| Amounts receivable within one year | 40/41 | €6,192 | €48,251 | +€42,060 | +679.3% |
| Trade receivables | 40 | €5,417 | €47,032 | +€41,614 | +768.2% |
| Other amounts receivable | 41 | €775 | €1,220 | +€445 | +57.5% |
| Cash at bank and in hand | 54/58 | €22,440 | €16,463 | -€5,977 | -26.6% |
| Deferred charges and accrued income | 490/1 | €951 | €1,305 | +€354 | +37.2% |
| Total equity and liabilities | 10/49 | €29,583 | €86,615 | +€57,032 | +192.8% |
| Equity | 10/15 | -€4,868 | €14,497 | +€19,364 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,377 | €11,377 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,517 | €9,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,845 | -€15,480 | +€19,364 | +55.6% |
| Amounts payable | 17/49 | €34,450 | €72,118 | +€37,668 | +109.3% |
| Amounts payable after more than one year | 17 | €2,127 | - | -€2,127 | |
| Financial debts | 170/4 | €2,127 | - | -€2,127 | |
| Amounts payable within one year | 42/48 | €32,323 | €72,074 | +€39,751 | +123.0% |
| Current portion of amounts payable after more than one year | 42 | €3,001 | €2,127 | -€874 | -29.1% |
| Trade debts | 44 | €23,406 | €29,603 | +€6,197 | +26.5% |
| Suppliers | 440/4 | €23,406 | €29,603 | +€6,197 | +26.5% |
| Taxes, remuneration and social security | 45 | €5,660 | €20,116 | +€14,456 | +255.4% |
| Taxes | 450/3 | €3,468 | €10,057 | +€6,589 | +190.0% |
| Remuneration and social security | 454/9 | €2,192 | €10,059 | +€7,867 | +359.0% |
| Other amounts payable | 47/48 | €256 | €20,227 | +€19,971 | +7804.1% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Remuneration, social security and pensions | 62 | €13,056 | €39,229 | +€26,173 | +200.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,991 | +€4,991 | |
| Other operating charges | 640/8 | €8,052 | €975 | -€7,077 | -87.9% |
| Gross operating margin | 9900 | -€2,366 | €56,894 | +€59,260 | |
| Operating profit (loss) | 9901 | -€23,474 | €11,699 | +€35,173 | |
| Financial income | 75/76B | - | €8,498 | +€8,498 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €8,498 | +€8,498 | |
| Financial charges | 65/66B | €2,966 | €705 | -€2,261 | -76.2% |
| Recurring financial charges | 65 | €2,966 | €705 | -€2,261 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,439 | €19,492 | +€45,932 | |
| Income taxes | 67/77 | €178 | €128 | -€49 | -27.8% |
| Profit (loss) for the period | 9904 | -€26,617 | €19,364 | +€45,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,617 | €19,364 | +€45,981 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.