Dave De Voeght: what changed
Dave De Voeght
Largest movements
- Cash -€3,660
down €3,660 (-5.3%), from €69,167 to €65,507
mainly Contributions, distributions and other (-€37,500) and Tax, wage and social debts (-€10,900)
- Tangible fixed assets -€3,093
down €3,093 (-13.2%), from €23,404 to €20,311
of which Other tangible fixed assets: -€2,467
- Tax, wage and social debts -€10,900
down €10,900 (-33.8%), from €32,223 to €21,323
- Reserves +€8,500
up €8,500 (+22.7%), from €37,500 to €46,000
- Other debts -€2,861
no longer reported in 2025 (was €2,861)
- Profit (loss) carried forward -€2,399
down €2,399 (-97.6%), from €2,458 to €59
- Gross operating margin +€23,524
up €23,524 (+57.1%), from €41,182 to €64,705
- Taxes +€4,862
up €4,862 (+58.7%), from €8,285 to €13,148
- Financial charges +€897
up €897 (+29.7%), from €3,017 to €3,914
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,571 | €85,818 | -€6,753 | -7.3% |
| Fixed assets | 21/28 | €23,404 | €20,311 | -€3,093 | -13.2% |
| Tangible fixed assets | 22/27 | €23,404 | €20,311 | -€3,093 | -13.2% |
| Furniture and vehicles | 24 | €2,643 | €2,018 | -€626 | -23.7% |
| Other tangible fixed assets | 26 | €20,761 | €18,294 | -€2,467 | -11.9% |
| Current assets | 29/58 | €69,167 | €65,507 | -€3,660 | -5.3% |
| Cash at bank and in hand | 54/58 | €69,167 | €65,507 | -€3,660 | -5.3% |
| Total equity and liabilities | 10/49 | €92,571 | €85,818 | -€6,753 | -7.3% |
| Equity | 10/15 | €54,958 | €61,059 | +€6,101 | +11.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €46,000 | +€8,500 | +22.7% |
| Distributable reserves | 133 | €37,500 | €46,000 | +€8,500 | +22.7% |
| Profit (loss) carried forward | 14 | €2,458 | €59 | -€2,399 | -97.6% |
| Amounts payable | 17/49 | €37,613 | €24,759 | -€12,854 | -34.2% |
| Amounts payable within one year | 42/48 | €37,113 | €24,259 | -€12,854 | -34.6% |
| Trade debts | 44 | €2,028 | €2,935 | +€907 | +44.7% |
| Suppliers | 440/4 | €2,028 | €2,935 | +€907 | +44.7% |
| Taxes, remuneration and social security | 45 | €32,223 | €21,323 | -€10,900 | -33.8% |
| Taxes | 450/3 | €32,223 | €21,323 | -€10,900 | -33.8% |
| Other amounts payable | 47/48 | €2,861 | - | -€2,861 | |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,953 | €3,093 | +€140 | +4.7% |
| Other operating charges | 640/8 | €1,016 | €961 | -€55 | -5.4% |
| Gross operating margin | 9900 | €41,182 | €64,705 | +€23,524 | +57.1% |
| Operating profit (loss) | 9901 | €37,213 | €60,651 | +€23,438 | +63.0% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €3,017 | €3,914 | +€897 | +29.7% |
| Recurring financial charges | 65 | €3,017 | €3,914 | +€897 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €34,196 | €56,749 | +€22,553 | +66.0% |
| Income taxes | 67/77 | €8,285 | €13,148 | +€4,862 | +58.7% |
| Profit (loss) for the period | 9904 | €25,911 | €43,601 | +€17,690 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,911 | €43,601 | +€17,690 | +68.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.