DAVAURIN: 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.
DAVAURIN
Largest movements
- Cash +€88,478
up €88,478 (+542.7%), from €16,303 to €104,781
mainly Net result for the year (+€119,728) and Depreciation (+€48,244)
- Receivables within one year +€22,888
up €22,888 (+97.3%), from €23,519 to €46,407
of which Other amounts receivable: +€25,187
- Reserves +€119,728
up €119,728 (+6454.4%), from €1,855 to €121,583
of which Distributable reserves: +€119,728
- Tax, wage and social debts +€47,674
up €47,674 (+136.2%), from €34,993 to €82,667
of which Taxes: +€46,719
- Debts after one year -€40,381
down €40,381 (-16.0%), from €252,155 to €211,774
- Taxes +€39,378
up €39,378 (+101.3%), from €38,864 to €78,242
- Gross operating margin -€26,604
down €26,604 (-7.0%), from €377,730 to €351,127
- Staff costs +€6,882
up €6,882 (+9.6%), from €72,032 to €78,914
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 | €1,436,743 | €1,542,500 | +€105,757 | +7.4% |
| Fixed assets | 21/28 | €1,394,920 | €1,389,311 | -€5,609 | -0.4% |
| Tangible fixed assets | 22/27 | €982,281 | €976,672 | -€5,609 | -0.6% |
| Land and buildings | 22 | €973,425 | €936,936 | -€36,489 | -3.7% |
| Plant, machinery and equipment | 23 | €8,583 | €11,713 | +€3,130 | +36.5% |
| Furniture and vehicles | 24 | €273 | €28,022 | +€27,750 | +10175.6% |
| Financial fixed assets | 28 | €412,640 | €412,640 | = | 0.0% |
| Current assets | 29/58 | €41,822 | €153,189 | +€111,366 | +266.3% |
| Amounts receivable after more than one year | 29 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,519 | €46,407 | +€22,888 | +97.3% |
| Trade receivables | 40 | €16,149 | €13,850 | -€2,299 | -14.2% |
| Other amounts receivable | 41 | €7,370 | €32,557 | +€25,187 | +341.8% |
| Cash at bank and in hand | 54/58 | €16,303 | €104,781 | +€88,478 | +542.7% |
| Total equity and liabilities | 10/49 | €1,436,743 | €1,542,500 | +€105,757 | +7.4% |
| Equity | 10/15 | €1,080,238 | €1,199,966 | +€119,728 | +11.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €121,583 | +€119,728 | +6454.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | - | €119,728 | +€119,728 | |
| Profit (loss) carried forward | 14 | €1,059,833 | €1,059,833 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,989 | €3,096 | +€107 | +3.6% |
| Provisions for liabilities and charges | 160/5 | €2,989 | €3,096 | +€107 | +3.6% |
| Pensions and similar obligations | 160 | €2,989 | €3,096 | +€107 | +3.6% |
| Amounts payable | 17/49 | €353,515 | €339,438 | -€14,078 | -4.0% |
| Amounts payable after more than one year | 17 | €252,155 | €211,774 | -€40,381 | -16.0% |
| Financial debts | 170/4 | €252,155 | €211,774 | -€40,381 | -16.0% |
| Amounts payable within one year | 42/48 | €101,360 | €127,664 | +€26,303 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €48,092 | €40,381 | -€7,711 | -16.0% |
| Trade debts | 44 | €4,431 | €2,595 | -€1,835 | -41.4% |
| Suppliers | 440/4 | €4,431 | €2,595 | -€1,835 | -41.4% |
| Taxes, remuneration and social security | 45 | €34,993 | €82,667 | +€47,674 | +136.2% |
| Taxes | 450/3 | €31,815 | €78,534 | +€46,719 | +146.8% |
| Remuneration and social security | 454/9 | €3,178 | €4,133 | +€955 | +30.1% |
| Other amounts payable | 47/48 | €13,845 | €2,020 | -€11,825 | -85.4% |
| Non-recurring operating income | 76A | €9,553 | €10,059 | +€506 | +5.3% |
| Remuneration, social security and pensions | 62 | €72,032 | €78,914 | +€6,882 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,394 | €48,244 | +€2,850 | +6.3% |
| Other operating charges | 640/8 | €18,179 | €19,089 | +€910 | +5.0% |
| Non-recurring operating charges | 66A | €260 | - | -€260 | |
| Gross operating margin | 9900 | €377,730 | €351,127 | -€26,604 | -7.0% |
| Operating profit (loss) | 9901 | €241,866 | €204,880 | -€36,986 | -15.3% |
| Financial income | 75/76B | €2,778 | €319 | -€2,459 | -88.5% |
| Recurring financial income | 75 | €2,778 | €319 | -€2,459 | -88.5% |
| Non-recurring financial income | 76B | €2,778 | €319 | -€2,459 | -88.5% |
| Financial charges | 65/66B | €8,664 | €7,230 | -€1,435 | -16.6% |
| Recurring financial charges | 65 | €8,664 | €7,230 | -€1,435 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €235,980 | €197,970 | -€38,010 | -16.1% |
| Income taxes | 67/77 | €38,864 | €78,242 | +€39,378 | +101.3% |
| Profit (loss) for the period | 9904 | €197,116 | €119,728 | -€77,388 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €197,116 | €119,728 | -€77,388 | -39.3% |
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 7 October 2026 via checked.be.