DAVATAX: 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.
DAVATAX
Largest movements
- Tangible fixed assets +€19,041
up €19,041 (+26.9%), from €70,686 to €89,726
of which Other tangible fixed assets: +€25,790
- Cash +€15,298
up €15,298 (+9.4%), from €162,034 to €177,332
mainly Net result for the year (+€38,234) and Depreciation (+€15,051)
- Reserves +€38,234
up €38,234 (+42.9%), from €89,066 to €127,301
- Other debts -€5,052
down €5,052 (-22.2%), from €22,778 to €17,726
- Tax, wage and social debts +€4,432
up €4,432 (+18.2%), from €24,329 to €28,761
of which Taxes: +€5,451
- Trade debts -€3,692
down €3,692 (-69.6%), from €5,303 to €1,611
- Gross operating margin +€31,142
up €31,142 (+45.7%), from €68,089 to €99,231
- Taxes +€6,263
up €6,263 (+60.0%), from €10,447 to €16,710
- Depreciation +€4,776
up €4,776 (+46.5%), from €10,275 to €15,051
- Staff costs +€1,150
up €1,150 (+4.5%), from €25,647 to €26,797
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 | €255,190 | €289,113 | +€33,922 | +13.3% |
| Fixed assets | 21/28 | €70,686 | €89,726 | +€19,041 | +26.9% |
| Tangible fixed assets | 22/27 | €70,686 | €89,726 | +€19,041 | +26.9% |
| Plant, machinery and equipment | 23 | €15,608 | €12,637 | -€2,970 | -19.0% |
| Furniture and vehicles | 24 | €18,971 | €15,191 | -€3,780 | -19.9% |
| Other tangible fixed assets | 26 | €36,107 | €61,897 | +€25,790 | +71.4% |
| Current assets | 29/58 | €184,505 | €199,387 | +€14,882 | +8.1% |
| Amounts receivable within one year | 40/41 | €20,586 | €20,188 | -€398 | -1.9% |
| Trade receivables | 40 | €20,288 | €20,188 | -€99 | -0.5% |
| Other amounts receivable | 41 | €299 | - | -€299 | |
| Cash at bank and in hand | 54/58 | €162,034 | €177,332 | +€15,298 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,885 | €1,867 | -€18 | -0.9% |
| Total equity and liabilities | 10/49 | €255,190 | €289,113 | +€33,922 | +13.3% |
| Equity | 10/15 | €202,780 | €241,014 | +€38,234 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,066 | €127,301 | +€38,234 | +42.9% |
| Distributable reserves | 133 | €89,066 | €127,301 | +€38,234 | +42.9% |
| Profit (loss) carried forward | 14 | €95,113 | €95,113 | = | 0.0% |
| Amounts payable | 17/49 | €52,411 | €48,099 | -€4,312 | -8.2% |
| Amounts payable within one year | 42/48 | €52,411 | €48,099 | -€4,312 | -8.2% |
| Trade debts | 44 | €5,303 | €1,611 | -€3,692 | -69.6% |
| Suppliers | 440/4 | €5,303 | €1,611 | -€3,692 | -69.6% |
| Taxes, remuneration and social security | 45 | €24,329 | €28,761 | +€4,432 | +18.2% |
| Taxes | 450/3 | €16,917 | €22,368 | +€5,451 | +32.2% |
| Remuneration and social security | 454/9 | €7,413 | €6,394 | -€1,019 | -13.8% |
| Other amounts payable | 47/48 | €22,778 | €17,726 | -€5,052 | -22.2% |
| Remuneration, social security and pensions | 62 | €25,647 | €26,797 | +€1,150 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,275 | €15,051 | +€4,776 | +46.5% |
| Other operating charges | 640/8 | €1,974 | €2,319 | +€345 | +17.5% |
| Gross operating margin | 9900 | €68,089 | €99,231 | +€31,142 | +45.7% |
| Operating profit (loss) | 9901 | €30,193 | €55,064 | +€24,871 | +82.4% |
| Financial charges | 65/66B | €95 | €119 | +€24 | +25.1% |
| Recurring financial charges | 65 | €95 | €119 | +€24 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €30,097 | €54,945 | +€24,847 | +82.6% |
| Income taxes | 67/77 | €10,447 | €16,710 | +€6,263 | +60.0% |
| Profit (loss) for the period | 9904 | €19,650 | €38,234 | +€18,584 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,650 | €38,234 | +€18,584 | +94.6% |
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 7 October 2026 via checked.be.