DAVE SECURITY: 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.
DAVE SECURITY
Largest movements
- Cash +€16,734
up €16,734 (+106%), from €15,808 to €32,543
mainly Depreciation (+€36,026) and Other debts (+€18,923)
- Receivables within one year -€15,319
down €15,319 (-18.4%), from €83,263 to €67,944
of which Trade receivables: -€12,528
- Stocks and contracts +€10,672
up €10,672 (+20.4%), from €52,433 to €63,105
of which Contracts in progress: +€30,588
- Tangible fixed assets +€4,882
up €4,882 (+3.3%), from €145,927 to €150,810
of which Furniture and vehicles: +€28,088
- Debts after one year -€20,398
down €20,398 (-12.0%), from €170,523 to €150,125
of which Financial debts: -€20,398
- Other debts +€18,923
up €18,923 (+186%), from €10,198 to €29,121
- Reserves +€16,916
up €16,916 (+33.9%), from €49,830 to €66,746
of which Distributable reserves: +€16,916
- Tax, wage and social debts +€3,489
up €3,489 (+74.2%), from €4,702 to €8,192
- Gross operating margin +€48,364
up €48,364 (+92.0%), from €52,580 to €100,943
- Write-downs +€22,490
new in 2025: €22,490
- Taxes +€5,455
up €5,455 (+142%), from €3,840 to €9,295
- Financial charges +€4,340
up €4,340 (+78.2%), from €5,548 to €9,888
- Other operating charges +€3,761
up €3,761 (+164%), from €2,288 to €6,049
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.
Derived cash bridge
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 | €298,534 | €318,138 | +€19,604 | +6.6% |
| Fixed assets | 21/28 | €145,927 | €150,810 | +€4,882 | +3.3% |
| Tangible fixed assets | 22/27 | €145,927 | €150,810 | +€4,882 | +3.3% |
| Land and buildings | 22 | €27,855 | €24,775 | -€3,080 | -11.1% |
| Plant, machinery and equipment | 23 | €18,929 | €14,237 | -€4,692 | -24.8% |
| Furniture and vehicles | 24 | €18,100 | €46,189 | +€28,088 | +155% |
| Leasing and similar rights | 25 | €12,848 | €4,953 | -€7,895 | -61.4% |
| Other tangible fixed assets | 26 | €68,196 | €60,656 | -€7,540 | -11.1% |
| Current assets | 29/58 | €152,606 | €167,328 | +€14,722 | +9.6% |
| Stocks and contracts in progress | 3 | €52,433 | €63,105 | +€10,672 | +20.4% |
| Stocks | 30/36 | €49,242 | €29,326 | -€19,916 | -40.4% |
| Contracts in progress | 37 | €3,190 | €33,779 | +€30,588 | +959% |
| Amounts receivable within one year | 40/41 | €83,263 | €67,944 | -€15,319 | -18.4% |
| Trade receivables | 40 | €76,392 | €63,864 | -€12,528 | -16.4% |
| Other amounts receivable | 41 | €6,870 | €4,080 | -€2,791 | -40.6% |
| Cash at bank and in hand | 54/58 | €15,808 | €32,543 | +€16,734 | +106% |
| Deferred charges and accrued income | 490/1 | €1,103 | €3,737 | +€2,634 | +239% |
| Total equity and liabilities | 10/49 | €298,534 | €318,138 | +€19,604 | +6.6% |
| Equity | 10/15 | €68,433 | €85,350 | +€16,917 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,830 | €66,746 | +€16,916 | +33.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,970 | €64,886 | +€16,916 | +35.3% |
| Profit (loss) carried forward | 14 | €3 | €4 | +€1 | +19.9% |
| Amounts payable | 17/49 | €230,101 | €232,788 | +€2,688 | +1.2% |
| Amounts payable after more than one year | 17 | €170,523 | €150,125 | -€20,398 | -12.0% |
| Financial debts | 170/4 | €143,523 | €123,125 | -€20,398 | -14.2% |
| Other amounts payable | 178/9 | €27,000 | €27,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,598 | €79,414 | +€22,816 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €20,569 | €22,322 | +€1,753 | +8.5% |
| Trade debts | 44 | €21,129 | €19,780 | -€1,349 | -6.4% |
| Suppliers | 440/4 | €21,129 | €19,780 | -€1,349 | -6.4% |
| Taxes, remuneration and social security | 45 | €4,702 | €8,192 | +€3,489 | +74.2% |
| Taxes | 450/3 | €4,702 | €8,192 | +€3,489 | +74.2% |
| Other amounts payable | 47/48 | €10,198 | €29,121 | +€18,923 | +186% |
| Accrued charges and deferred income | 492/3 | €2,980 | €3,249 | +€269 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,744 | €36,026 | +€3,283 | +10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,490 | +€22,490 | |
| Other operating charges | 640/8 | €2,288 | €6,049 | +€3,761 | +164% |
| Gross operating margin | 9900 | €52,580 | €100,943 | +€48,364 | +92.0% |
| Operating profit (loss) | 9901 | €17,548 | €36,378 | +€18,830 | +107% |
| Financial income | 75/76B | €615 | €522 | -€92 | -15.0% |
| Recurring financial income | 75 | €615 | €522 | -€92 | -15.0% |
| Financial charges | 65/66B | €5,548 | €9,888 | +€4,340 | +78.2% |
| Recurring financial charges | 65 | €5,548 | €9,888 | +€4,340 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €12,615 | €27,012 | +€14,397 | +114% |
| Income taxes | 67/77 | €3,840 | €9,295 | +€5,455 | +142% |
| Profit (loss) for the period | 9904 | €8,775 | €17,717 | +€8,942 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €8,775 | €17,717 | +€8,942 | +102% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.