DAVAS CONSTRUCTION: 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.
DAVAS CONSTRUCTION
Largest movements
- Receivables within one year -€14,875
down €14,875 (-33.2%), from €44,816 to €29,941
of which Trade receivables: -€9,105
- Cash -€10,385
no longer reported in 2025 (was €10,385)
mainly Tax, wage and social debts (-€30,731) and Contributions, distributions and other (-€9,643)
- Tangible fixed assets -€5,426
down €5,426 (-6.0%), from €91,187 to €85,761
of which Furniture and vehicles: -€5,426
- Deferred charges and accrued income -€2,375
down €2,375 (-41.1%), from €5,774 to €3,399
- Tax, wage and social debts -€30,731
down €30,731 (-68.5%), from €44,872 to €14,141
of which Taxes: -€28,525
- Other debts +€15,354
up €15,354 (+158.4%), from €9,696 to €25,050
- Reserves -€7,558
down €7,558 (-77.7%), from €9,727 to €2,169
- Debts after one year -€7,091
down €7,091 (-10.2%), from €69,325 to €62,234
- Trade debts -€3,307
down €3,307 (-28.8%), from €11,473 to €8,166
- Gross operating margin -€84,170
down €84,170 (-56.9%), from €147,819 to €63,649
- Staff costs -€47,843
down €47,843 (-54.6%), from €87,656 to €39,813
- Write-downs -€9,600
no longer reported in 2025 (was €9,600)
- Depreciation -€3,047
down €3,047 (-36.0%), from €8,473 to €5,426
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 | €153,412 | €120,351 | -€33,061 | -21.6% |
| Fixed assets | 21/28 | €92,437 | €87,011 | -€5,426 | -5.9% |
| Tangible fixed assets | 22/27 | €91,187 | €85,761 | -€5,426 | -6.0% |
| Land and buildings | 22 | €80,000 | €80,000 | = | 0.0% |
| Furniture and vehicles | 24 | €11,187 | €5,761 | -€5,426 | -48.5% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €60,975 | €33,340 | -€27,635 | -45.3% |
| Amounts receivable within one year | 40/41 | €44,816 | €29,941 | -€14,875 | -33.2% |
| Trade receivables | 40 | €35,318 | €26,213 | -€9,105 | -25.8% |
| Other amounts receivable | 41 | €9,498 | €3,728 | -€5,770 | -60.7% |
| Cash at bank and in hand | 54/58 | €10,385 | - | -€10,385 | |
| Deferred charges and accrued income | 490/1 | €5,774 | €3,399 | -€2,375 | -41.1% |
| Total equity and liabilities | 10/49 | €153,412 | €120,351 | -€33,061 | -21.6% |
| Equity | 10/15 | €11,227 | €3,669 | -€7,558 | -67.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €9,727 | €2,169 | -€7,558 | -77.7% |
| Distributable reserves | 133 | €9,727 | €2,169 | -€7,558 | -77.7% |
| Amounts payable | 17/49 | €142,185 | €116,682 | -€25,503 | -17.9% |
| Amounts payable after more than one year | 17 | €69,325 | €62,234 | -€7,091 | -10.2% |
| Financial debts | 170/4 | €69,325 | €62,234 | -€7,091 | -10.2% |
| Amounts payable within one year | 42/48 | €72,860 | €54,448 | -€18,412 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €6,819 | €7,091 | +€272 | +4.0% |
| Trade debts | 44 | €11,473 | €8,166 | -€3,307 | -28.8% |
| Suppliers | 440/4 | €11,473 | €8,166 | -€3,307 | -28.8% |
| Taxes, remuneration and social security | 45 | €44,872 | €14,141 | -€30,731 | -68.5% |
| Taxes | 450/3 | €37,459 | €8,934 | -€28,525 | -76.1% |
| Remuneration and social security | 454/9 | €7,413 | €5,207 | -€2,206 | -29.8% |
| Other amounts payable | 47/48 | €9,696 | €25,050 | +€15,354 | +158.4% |
| Remuneration, social security and pensions | 62 | €87,656 | €39,813 | -€47,843 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,473 | €5,426 | -€3,047 | -36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,600 | - | -€9,600 | |
| Other operating charges | 640/8 | €2,959 | €1,800 | -€1,159 | -39.2% |
| Gross operating margin | 9900 | €147,819 | €63,649 | -€84,170 | -56.9% |
| Operating profit (loss) | 9901 | €39,131 | €16,610 | -€22,521 | -57.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €7,423 | €6,406 | -€1,017 | -13.7% |
| Recurring financial charges | 65 | €4,015 | €6,406 | +€2,391 | +59.6% |
| Non-recurring financial charges | 66B | €3,408 | - | -€3,408 | |
| Profit (loss) for the period before taxes | 9903 | €31,710 | €10,204 | -€21,506 | -67.8% |
| Income taxes | 67/77 | €7,700 | €8,119 | +€419 | +5.4% |
| Profit (loss) for the period | 9904 | €24,010 | €2,085 | -€21,925 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,010 | €2,085 | -€21,925 | -91.3% |
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 8 October 2026 via checked.be.