DAVEGRO: what changed
What changed
DAVEGRO
NACE 46.630, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€274,590
2024 · €245,353+€29,237
Equity
€2.3m
2024 · €2.0m+€274,590
Cash
€429,265
2024 · €77,965+€351,300
Balance sheet total
€3.2m
2024 · €3.3m-€108,440
Largest movements
Assets
- Cash +€351,300
up €351,300 (+451%), from €77,965 to €429,265
mainly Depreciation (+€481,529) and Net result for the year (+€274,590)
- Tangible fixed assets -€171,938
down €171,938 (-8.5%), from €2.0m to €1.8m
of which Plant, machinery and equipment: -€168,020
- Current investments -€143,976
down €143,976 (-46.8%), from €307,829 to €163,853
- Receivables within one year -€111,471
down €111,471 (-31.9%), from €349,324 to €237,853
of which Trade receivables: -€96,524
Equity and liabilities
- Reserves +€274,590
up €274,590 (+13.8%), from €2.0m to €2.3m
of which Distributable reserves: +€274,590
- Debts after one year -€246,446
down €246,446 (-37.3%), from €660,733 to €414,288
- Trade debts -€137,501
down €137,501 (-80.0%), from €171,942 to €34,441
Income statement
- Gross operating margin +€62,016
up €62,016 (+7.0%), from €880,133 to €942,150
- Depreciation +€49,207
up €49,207 (+11.4%), from €432,322 to €481,529
- Write-downs -€24,454
down €24,454 (-52.4%), from €46,678 to €22,223
- Taxes +€11,337
up €11,337 (+10.6%), from €107,030 to €118,367
- Financial charges -€10,141
down €10,141 (-25.7%), from €39,538 to €29,396
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.
Result 2024
€245,353
Gross operating margin
+€62,016
Depreciation
-€49,207
Write-downs
+€24,454
Other operating charges
+€1,094
Other operating items
-€12,000
Financial income
+€4,075
Financial charges
+€10,141
Taxes
-€11,337
Result 2025
€274,590
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€780,193
Investment
-€165,396
Financing
-€263,497
Cash 2024
€77,965
From operations (derived)
+€780,193
Net result for the year
+€274,590
Depreciation
+€481,529
Stocks and contracts
+€29,169
Receivables within one year
+€111,471
Deferred charges and accrued income
+€2,967
Trade debts
-€137,501
Smaller working-capital items
+€1,602
Advances received
+€10,000
Other debts
+€6,367
Investment (derived)
-€165,396
Investment in fixed assets (net)
-€309,371
Current investments
+€143,976
Financing
-€263,497
Debts after one year
-€246,446
Current portion of long-term debt
-€17,052
Cash 2025
€429,265
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,275,954 | €3,167,513 | -€108,440 | -3.3% |
| Fixed assets | 21/28 | €2,020,104 | €1,847,946 | -€172,158 | -8.5% |
| Tangible fixed assets | 22/27 | €2,018,783 | €1,846,845 | -€171,938 | -8.5% |
| Land and buildings | 22 | €138,999 | €120,845 | -€18,154 | -13.1% |
| Plant, machinery and equipment | 23 | €1,706,130 | €1,538,111 | -€168,020 | -9.8% |
| Furniture and vehicles | 24 | €129,222 | €119,830 | -€9,392 | -7.3% |
| Leasing and similar rights | 25 | €44,432 | €68,059 | +€23,627 | +53.2% |
| Financial fixed assets | 28 | €1,321 | €1,101 | -€220 | -16.7% |
| Current assets | 29/58 | €1,255,850 | €1,319,567 | +€63,718 | +5.1% |
| Stocks and contracts in progress | 3 | €483,625 | €454,456 | -€29,169 | -6.0% |
| Stocks | 30/36 | €483,625 | €454,456 | -€29,169 | -6.0% |
| Amounts receivable within one year | 40/41 | €349,324 | €237,853 | -€111,471 | -31.9% |
| Trade receivables | 40 | €330,668 | €234,145 | -€96,524 | -29.2% |
| Other amounts receivable | 41 | €18,656 | €3,709 | -€14,947 | -80.1% |
| Current investments | 50/53 | €307,829 | €163,853 | -€143,976 | -46.8% |
| Cash at bank and in hand | 54/58 | €77,965 | €429,265 | +€351,300 | +451% |
| Deferred charges and accrued income | 490/1 | €37,107 | €34,140 | -€2,967 | -8.0% |
| Total equity and liabilities | 10/49 | €3,275,954 | €3,167,513 | -€108,440 | -3.3% |
| Equity | 10/15 | €2,001,878 | €2,276,468 | +€274,590 | +13.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,989,478 | €2,264,068 | +€274,590 | +13.8% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €1,981,478 | €2,256,068 | +€274,590 | +13.9% |
| Amounts payable | 17/49 | €1,274,075 | €891,045 | -€383,030 | -30.1% |
| Amounts payable after more than one year | 17 | €660,733 | €414,288 | -€246,446 | -37.3% |
| Financial debts | 170/4 | €660,733 | €414,288 | -€246,446 | -37.3% |
| Amounts payable within one year | 42/48 | €613,342 | €476,179 | -€137,163 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €331,397 | €314,345 | -€17,052 | -5.1% |
| Trade debts | 44 | €171,942 | €34,441 | -€137,501 | -80.0% |
| Suppliers | 440/4 | €171,942 | €34,441 | -€137,501 | -80.0% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €14,927 | €15,950 | +€1,023 | +6.9% |
| Taxes | 450/3 | €13,402 | €14,425 | +€1,023 | +7.6% |
| Remuneration and social security | 454/9 | €1,525 | €1,525 | = | 0.0% |
| Other amounts payable | 47/48 | €95,076 | €101,443 | +€6,367 | +6.7% |
| Accrued charges and deferred income | 492/3 | - | €579 | +€579 | |
| Non-recurring operating income | 76A | €148,276 | €105,183 | -€43,093 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432,322 | €481,529 | +€49,207 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,678 | €22,223 | -€24,454 | -52.4% |
| Other operating charges | 640/8 | €11,615 | €10,522 | -€1,094 | -9.4% |
| Non-recurring operating charges | 66A | - | €12,000 | +€12,000 | |
| Gross operating margin | 9900 | €880,133 | €942,150 | +€62,016 | +7.0% |
| Operating profit (loss) | 9901 | €389,518 | €415,876 | +€26,357 | +6.8% |
| Financial income | 75/76B | €2,402 | €6,478 | +€4,075 | +170% |
| Recurring financial income | 75 | €2,402 | €6,478 | +€4,075 | +170% |
| Financial charges | 65/66B | €39,538 | €29,396 | -€10,141 | -25.7% |
| Recurring financial charges | 65 | €39,538 | €29,396 | -€10,141 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €352,383 | €392,957 | +€40,574 | +11.5% |
| Income taxes | 67/77 | €107,030 | €118,367 | +€11,337 | +10.6% |
| Profit (loss) for the period | 9904 | €245,353 | €274,590 | +€29,237 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €245,353 | €274,590 | +€29,237 | +11.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.