DAVER: 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.
DAVER
Largest movements
- Current investments +€130,000
new in 2025: €130,000
- Cash -€57,959
down €57,959 (-18.6%), from €311,711 to €253,752
mainly Current investments (-€130,000) and Deferred charges and accrued income (-€16,262)
- Deferred charges and accrued income +€16,262
up €16,262 (+23.3%), from €69,826 to €86,088
- Tangible fixed assets -€5,799
down €5,799 (-47.0%), from €12,348 to €6,549
of which Furniture and vehicles: -€5,438
- Reserves +€79,938
up €79,938 (+42.9%), from €186,520 to €266,458
- Other debts +€11,782
up €11,782 (+40.7%), from €28,974 to €40,756
- Tax, wage and social debts -€7,253
down €7,253 (-24.5%), from €29,605 to €22,353
of which Remuneration and social security: -€5,000
- Purchases and services -€64,920
down €64,920 (-15.5%), from €419,456 to €354,536
- Turnover -€33,054
down €33,054 (-6.6%), from €499,964 to €466,911
- Gross operating margin +€31,700
up €31,700 (+34.0%), from €93,293 to €124,993
- Taxes +€13,058
up €13,058 (+58.0%), from €22,501 to €35,559
- Depreciation -€6,998
down €6,998 (-38.4%), from €18,217 to €11,219
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 | €404,248 | €486,752 | +€82,504 | +20.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,348 | €6,549 | -€5,799 | -47.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,348 | €6,549 | -€5,799 | -47.0% |
| Furniture and vehicles | 24 | €11,987 | €6,549 | -€5,438 | -45.4% |
| Other tangible fixed assets | 26 | €361 | €0 | -€361 | -100% |
| Current assets | 29/58 | €391,900 | €480,203 | +€88,303 | +22.5% |
| Amounts receivable within one year | 40/41 | €10,363 | €10,363 | = | 0.0% |
| Other amounts receivable | 41 | €10,363 | €10,363 | = | 0.0% |
| Current investments | 50/53 | - | €130,000 | +€130,000 | |
| Cash at bank and in hand | 54/58 | €311,711 | €253,752 | -€57,959 | -18.6% |
| Deferred charges and accrued income | 490/1 | €69,826 | €86,088 | +€16,262 | +23.3% |
| Total equity and liabilities | 10/49 | €404,248 | €486,752 | +€82,504 | +20.4% |
| Equity | 10/15 | €331,328 | €411,266 | +€79,938 | +24.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Capital | 10 | €6,205 | €6,205 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €186,520 | €266,458 | +€79,938 | +42.9% |
| Distributable reserves | 133 | €186,520 | €266,458 | +€79,938 | +42.9% |
| Profit (loss) carried forward | 14 | €138,603 | €138,603 | = | 0.0% |
| Amounts payable | 17/49 | €72,920 | €75,486 | +€2,566 | +3.5% |
| Amounts payable within one year | 42/48 | €72,920 | €75,074 | +€2,154 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,340 | €11,965 | -€2,375 | -16.6% |
| Suppliers | 440/4 | €14,340 | €11,965 | -€2,375 | -16.6% |
| Taxes, remuneration and social security | 45 | €29,605 | €22,353 | -€7,253 | -24.5% |
| Taxes | 450/3 | €24,605 | €22,353 | -€2,253 | -9.2% |
| Remuneration and social security | 454/9 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts payable | 47/48 | €28,974 | €40,756 | +€11,782 | +40.7% |
| Accrued charges and deferred income | 492/3 | €0 | €412 | +€412 | |
| Turnover | 70 | €499,964 | €466,911 | -€33,054 | -6.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €419,456 | €354,536 | -€64,920 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,217 | €11,219 | -€6,998 | -38.4% |
| Other operating charges | 640/8 | €1,122 | €1,257 | +€134 | +12.0% |
| Gross operating margin | 9900 | €93,293 | €124,993 | +€31,700 | +34.0% |
| Operating profit (loss) | 9901 | €73,954 | €112,517 | +€38,563 | +52.1% |
| Financial income | 75/76B | €2,883 | €3,821 | +€939 | +32.6% |
| Recurring financial income | 75 | €2,883 | €3,821 | +€939 | +32.6% |
| Financial charges | 65/66B | €809 | €841 | +€32 | +3.9% |
| Recurring financial charges | 65 | €809 | €841 | +€32 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €76,027 | €115,497 | +€39,470 | +51.9% |
| Income taxes | 67/77 | €22,501 | €35,559 | +€13,058 | +58.0% |
| Profit (loss) for the period | 9904 | €53,526 | €79,938 | +€26,412 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,526 | €79,938 | +€26,412 | +49.3% |
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 15 October 2026 via checked.be.