DAVEJO: 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.
DAVEJO
Largest movements
- Intangible fixed assets +€42,216
up €42,216 (+804%), from €5,250 to €47,466
- Receivables within one year +€2,110
up €2,110 (+35.7%), from €5,910 to €8,020
of which Other amounts receivable: +€2,245
- Stocks and contracts +€1,919
up €1,919 (+32.7%), from €5,861 to €7,780
- Deferred charges and accrued income -€1,078
down €1,078 (-67.4%), from €1,599 to €521
- Debts after one year +€34,677
up €34,677 (+493%), from €7,027 to €41,704
- Current portion of long-term debt +€5,406
up €5,406 (+211%), from €2,559 to €7,965
- Reserves +€2,426
new in 2025: €2,426
- Trade debts +€2,391
up €2,391 (+133%), from €1,794 to €4,185
- Gross operating margin +€30,605
up €30,605 (+381%), from €8,039 to €38,644
- Staff costs +€24,248
new in 2025: €24,248
- Financial charges +€2,148
up €2,148 (+337%), from €637 to €2,785
- Taxes +€1,160
new in 2025: €1,160
- Other operating charges -€617
no longer reported in 2025 (was €617)
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 | €39,953 | €85,242 | +€45,290 | +113% |
| Fixed assets | 21/28 | €23,122 | €65,983 | +€42,861 | +185% |
| Intangible fixed assets | 21 | €5,250 | €47,466 | +€42,216 | +804% |
| Tangible fixed assets | 22/27 | €17,872 | €18,307 | +€435 | +2.4% |
| Plant, machinery and equipment | 23 | €15,427 | €14,652 | -€775 | -5.0% |
| Furniture and vehicles | 24 | €2,445 | €3,655 | +€1,210 | +49.5% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €16,831 | €19,259 | +€2,428 | +14.4% |
| Stocks and contracts in progress | 3 | €5,861 | €7,780 | +€1,919 | +32.7% |
| Stocks | 30/36 | €5,861 | €7,780 | +€1,919 | +32.7% |
| Amounts receivable within one year | 40/41 | €5,910 | €8,020 | +€2,110 | +35.7% |
| Trade receivables | 40 | €1,222 | €1,087 | -€135 | -11.0% |
| Other amounts receivable | 41 | €4,688 | €6,933 | +€2,245 | +47.9% |
| Cash at bank and in hand | 54/58 | €3,461 | €2,939 | -€522 | -15.1% |
| Deferred charges and accrued income | 490/1 | €1,599 | €521 | -€1,078 | -67.4% |
| Total equity and liabilities | 10/49 | €39,953 | €85,242 | +€45,290 | +113% |
| Equity | 10/15 | €24,035 | €26,461 | +€2,426 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €2,426 | +€2,426 | |
| Distributable reserves | 133 | - | €2,426 | +€2,426 | |
| Profit (loss) carried forward | 14 | €17,835 | €17,835 | = | 0.0% |
| Amounts payable | 17/49 | €15,918 | €58,782 | +€42,864 | +269% |
| Amounts payable after more than one year | 17 | €7,027 | €41,704 | +€34,677 | +493% |
| Financial debts | 170/4 | €7,027 | €41,704 | +€34,677 | +493% |
| Amounts payable within one year | 42/48 | €8,891 | €17,078 | +€8,187 | +92.1% |
| Current portion of amounts payable after more than one year | 42 | €2,559 | €7,965 | +€5,406 | +211% |
| Trade debts | 44 | €1,794 | €4,185 | +€2,391 | +133% |
| Suppliers | 440/4 | €1,794 | €4,185 | +€2,391 | +133% |
| Taxes, remuneration and social security | 45 | €4,530 | €4,927 | +€397 | +8.8% |
| Taxes | 450/3 | €3,330 | €2,060 | -€1,271 | -38.2% |
| Remuneration and social security | 454/9 | €1,200 | €2,868 | +€1,668 | +139% |
| Other amounts payable | 47/48 | €8 | - | -€8 | |
| Non-recurring operating income | 76A | €17 | €931 | +€914 | +5,411% |
| Remuneration, social security and pensions | 62 | - | €24,248 | +€24,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,766 | €7,965 | +€200 | +2.6% |
| Other operating charges | 640/8 | €617 | - | -€617 | |
| Non-recurring operating charges | 66A | €46 | €97 | +€51 | +113% |
| Gross operating margin | 9900 | €8,039 | €38,644 | +€30,605 | +381% |
| Operating profit (loss) | 9901 | -€389 | €6,334 | +€6,723 | |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €637 | €2,785 | +€2,148 | +337% |
| Recurring financial charges | 65 | €637 | €2,785 | +€2,148 | +337% |
| Profit (loss) for the period before taxes | 9903 | -€1,026 | €3,586 | +€4,612 | |
| Income taxes | 67/77 | - | €1,160 | +€1,160 | |
| Profit (loss) for the period | 9904 | -€1,026 | €2,426 | +€3,452 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,026 | €2,426 | +€3,452 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.