DAVENGEO: 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.
DAVENGEO
Largest movements
- Cash -€35,448
down €35,448 (-27.4%), from €129,510 to €94,062
mainly Contributions, distributions and other (-€152,607) and Investment in fixed assets (net) (-€7,256)
- Tangible fixed assets +€3,493
up €3,493 (+146%), from €2,397 to €5,890
- Receivables within one year -€2,349
down €2,349 (-12.2%), from €19,242 to €16,893
of which Trade receivables: -€2,506
- Profit (loss) carried forward -€86,655
no longer reported in 2025 (was €86,655)
- Other debts +€61,142
up €61,142 (+530%), from €11,540 to €72,681
- Reserves -€12,587
no longer reported in 2025 (was €12,587)
- Current portion of long-term debt +€3,496
new in 2025: €3,496
- Trade debts -€3,479
down €3,479 (-57.2%), from €6,087 to €2,608
- Gross operating margin +€15,953
up €15,953 (+27.7%), from €57,591 to €73,545
- Taxes +€1,849
up €1,849 (+13.2%), from €14,028 to €15,877
- Depreciation +€1,355
up €1,355 (+56.3%), from €2,408 to €3,763
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 | €151,149 | €116,846 | -€34,304 | -22.7% |
| Fixed assets | 21/28 | €2,397 | €5,890 | +€3,493 | +146% |
| Tangible fixed assets | 22/27 | €2,397 | €5,890 | +€3,493 | +146% |
| Furniture and vehicles | 24 | €2,397 | €5,890 | +€3,493 | +146% |
| Current assets | 29/58 | €148,753 | €110,956 | -€37,797 | -25.4% |
| Amounts receivable within one year | 40/41 | €19,242 | €16,893 | -€2,349 | -12.2% |
| Trade receivables | 40 | €18,751 | €16,245 | -€2,506 | -13.4% |
| Other amounts receivable | 41 | €491 | €648 | +€157 | +32.1% |
| Cash at bank and in hand | 54/58 | €129,510 | €94,062 | -€35,448 | -27.4% |
| Total equity and liabilities | 10/49 | €151,149 | €116,846 | -€34,304 | -22.7% |
| Equity | 10/15 | €117,843 | €18,600 | -€99,243 | -84.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,587 | - | -€12,587 | |
| Distributable reserves | 133 | €12,587 | - | -€12,587 | |
| Profit (loss) carried forward | 14 | €86,655 | - | -€86,655 | |
| Amounts payable | 17/49 | €33,307 | €98,246 | +€64,939 | +195% |
| Amounts payable after more than one year | 17 | - | €900 | +€900 | |
| Financial debts | 170/4 | - | €900 | +€900 | |
| Amounts payable within one year | 42/48 | €33,307 | €97,346 | +€64,039 | +192% |
| Current portion of amounts payable after more than one year | 42 | - | €3,496 | +€3,496 | |
| Trade debts | 44 | €6,087 | €2,608 | -€3,479 | -57.2% |
| Suppliers | 440/4 | €6,087 | €2,608 | -€3,479 | -57.2% |
| Taxes, remuneration and social security | 45 | €15,680 | €18,560 | +€2,880 | +18.4% |
| Taxes | 450/3 | €12,680 | €15,560 | +€2,880 | +22.7% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,540 | €72,681 | +€61,142 | +530% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,408 | €3,763 | +€1,355 | +56.3% |
| Gross operating margin | 9900 | €57,591 | €73,545 | +€15,953 | +27.7% |
| Operating profit (loss) | 9901 | €55,183 | €69,781 | +€14,598 | +26.5% |
| Financial charges | 65/66B | €324 | €540 | +€216 | +66.6% |
| Recurring financial charges | 65 | €324 | €540 | +€216 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €54,859 | €69,241 | +€14,382 | +26.2% |
| Income taxes | 67/77 | €14,028 | €15,877 | +€1,849 | +13.2% |
| Profit (loss) for the period | 9904 | €40,831 | €53,364 | +€12,533 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,831 | €53,364 | +€12,533 | +30.7% |
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 20 October 2026 via checked.be.