DAVASTI: 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.
DAVASTI
Largest movements
- Tangible fixed assets -€24,532
down €24,532 (-10.6%), from €230,372 to €205,840
of which Land and buildings: -€20,500
- Receivables within one year +€12,485
up €12,485 (+12.8%), from €97,919 to €110,404
of which Other amounts receivable: +€11,446
- Debts after one year -€30,042
down €30,042 (-10.3%), from €292,891 to €262,848
- Trade debts +€23,440
up €23,440 (+120.2%), from €19,499 to €42,939
- Other debts -€17,666
no longer reported in 2025 (was €17,666)
- Short-term financial debts +€10,000
new in 2025: €10,000
- Gross operating margin -€3,626
down €3,626 (-7.9%), from €45,788 to €42,162
- Financial income -€3,481
down €3,481 (-99.7%), from €3,491 to €10
- Depreciation -€2,131
down €2,131 (-8.0%), from €26,663 to €24,532
- Staff costs -€1,216
no longer reported in 2025 (was €1,216)
- Taxes -€566
down €566 (-18.1%), from €3,129 to €2,563
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 | €352,256 | €340,292 | -€11,964 | -3.4% |
| Fixed assets | 21/28 | €231,099 | €206,567 | -€24,532 | -10.6% |
| Tangible fixed assets | 22/27 | €230,372 | €205,840 | -€24,532 | -10.6% |
| Land and buildings | 22 | €205,000 | €184,500 | -€20,500 | -10.0% |
| Plant, machinery and equipment | 23 | €1,415 | - | -€1,415 | |
| Other tangible fixed assets | 26 | €23,957 | €21,340 | -€2,617 | -10.9% |
| Financial fixed assets | 28 | €727 | €727 | = | 0.0% |
| Current assets | 29/58 | €121,157 | €133,726 | +€12,568 | +10.4% |
| Stocks and contracts in progress | 3 | €11,597 | €9,456 | -€2,141 | -18.5% |
| Stocks | 30/36 | €11,597 | €9,456 | -€2,141 | -18.5% |
| Amounts receivable within one year | 40/41 | €97,919 | €110,404 | +€12,485 | +12.8% |
| Trade receivables | 40 | €77,075 | €78,114 | +€1,039 | +1.3% |
| Other amounts receivable | 41 | €20,844 | €32,290 | +€11,446 | +54.9% |
| Cash at bank and in hand | 54/58 | €10,557 | €12,144 | +€1,586 | +15.0% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,722 | +€637 | +58.8% |
| Total equity and liabilities | 10/49 | €352,256 | €340,292 | -€11,964 | -3.4% |
| Equity | 10/15 | -€11,877 | -€9,871 | +€2,006 | +16.9% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,937 | -€11,931 | +€2,006 | +14.4% |
| Amounts payable | 17/49 | €364,133 | €350,163 | -€13,970 | -3.8% |
| Amounts payable after more than one year | 17 | €292,891 | €262,848 | -€30,042 | -10.3% |
| Financial debts | 170/4 | €292,891 | €262,848 | -€30,042 | -10.3% |
| Amounts payable within one year | 42/48 | €71,242 | €87,315 | +€16,072 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €29,218 | €30,042 | +€825 | +2.8% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €19,499 | €42,939 | +€23,440 | +120.2% |
| Suppliers | 440/4 | €19,499 | €42,939 | +€23,440 | +120.2% |
| Taxes, remuneration and social security | 45 | €4,859 | €4,333 | -€526 | -10.8% |
| Taxes | 450/3 | €4,859 | €4,333 | -€526 | -10.8% |
| Other amounts payable | 47/48 | €17,666 | - | -€17,666 | |
| Remuneration, social security and pensions | 62 | €1,216 | - | -€1,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,663 | €24,532 | -€2,131 | -8.0% |
| Other operating charges | 640/8 | €3,970 | €3,943 | -€27 | -0.7% |
| Gross operating margin | 9900 | €45,788 | €42,162 | -€3,626 | -7.9% |
| Operating profit (loss) | 9901 | €13,939 | €13,686 | -€253 | -1.8% |
| Financial income | 75/76B | €3,491 | €10 | -€3,481 | -99.7% |
| Recurring financial income | 75 | €3,491 | €10 | -€3,481 | -99.7% |
| Financial charges | 65/66B | €9,668 | €9,127 | -€541 | -5.6% |
| Recurring financial charges | 65 | €9,668 | €9,127 | -€541 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €7,762 | €4,570 | -€3,193 | -41.1% |
| Income taxes | 67/77 | €3,129 | €2,563 | -€566 | -18.1% |
| Profit (loss) for the period | 9904 | €4,633 | €2,006 | -€2,627 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,633 | €2,006 | -€2,627 | -56.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.