DAVER INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€33,424
down €33,424 (-3.7%), from €906,260 to €872,836
of which Land and buildings: -€35,445
- Cash -€22,609
down €22,609 (-81.4%), from €27,777 to €5,168
mainly Debts after one year (-€63,103) and Receivables within one year (-€13,437)
- Receivables within one year +€13,437
up €13,437 (+20.0%), from €67,324 to €80,761
of which Other amounts receivable: +€13,437
- Debts after one year -€63,103
down €63,103 (-10.8%), from €582,770 to €519,667
- Reserves +€19,092
up €19,092 (+6.6%), from €290,749 to €309,841
of which Distributable reserves: +€19,092
- Gross operating margin +€10,225
up €10,225 (+13.1%), from €78,332 to €88,557
- Other operating charges +€2,137
up €2,137 (+31.0%), from €6,889 to €9,027
- Taxes +€2,001
up €2,001 (+50.4%), from €3,972 to €5,973
- Financial charges -€1,860
down €1,860 (-9.3%), from €19,977 to €18,117
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 | €1,017,094 | €965,606 | -€51,488 | -5.1% |
| Fixed assets | 21/28 | €906,840 | €873,417 | -€33,424 | -3.7% |
| Tangible fixed assets | 22/27 | €906,260 | €872,836 | -€33,424 | -3.7% |
| Land and buildings | 22 | €897,092 | €861,648 | -€35,445 | -4.0% |
| Plant, machinery and equipment | 23 | €7,568 | €6,933 | -€635 | -8.4% |
| Furniture and vehicles | 24 | €1,599 | €4,255 | +€2,656 | +166% |
| Financial fixed assets | 28 | €581 | €581 | = | 0.0% |
| Current assets | 29/58 | €110,254 | €92,190 | -€18,064 | -16.4% |
| Amounts receivable within one year | 40/41 | €67,324 | €80,761 | +€13,437 | +20.0% |
| Trade receivables | 40 | €27,830 | €27,830 | = | 0.0% |
| Other amounts receivable | 41 | €39,494 | €52,931 | +€13,437 | +34.0% |
| Current investments | 50/53 | €6,000 | - | -€6,000 | |
| Cash at bank and in hand | 54/58 | €27,777 | €5,168 | -€22,609 | -81.4% |
| Deferred charges and accrued income | 490/1 | €9,153 | €6,261 | -€2,893 | -31.6% |
| Total equity and liabilities | 10/49 | €1,017,094 | €965,606 | -€51,488 | -5.1% |
| Equity | 10/15 | €340,749 | €359,841 | +€19,092 | +5.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €290,749 | €309,841 | +€19,092 | +6.6% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €285,749 | €304,841 | +€19,092 | +6.7% |
| Amounts payable | 17/49 | €676,345 | €605,765 | -€70,579 | -10.4% |
| Amounts payable after more than one year | 17 | €582,770 | €519,667 | -€63,103 | -10.8% |
| Financial debts | 170/4 | €582,770 | €519,667 | -€63,103 | -10.8% |
| Amounts payable within one year | 42/48 | €90,469 | €83,572 | -€6,898 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €66,751 | €67,025 | +€273 | +0.4% |
| Trade debts | 44 | €6,374 | €5,157 | -€1,216 | -19.1% |
| Suppliers | 440/4 | €6,374 | €5,157 | -€1,216 | -19.1% |
| Taxes, remuneration and social security | 45 | €17,345 | €11,390 | -€5,955 | -34.3% |
| Taxes | 450/3 | €17,345 | €9,290 | -€8,055 | -46.4% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Accrued charges and deferred income | 492/3 | €3,105 | €2,526 | -€579 | -18.6% |
| Non-recurring operating income | 76A | - | €4,300 | +€4,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,501 | €36,523 | +€22 | +0.1% |
| Other operating charges | 640/8 | €6,889 | €9,027 | +€2,137 | +31.0% |
| Gross operating margin | 9900 | €78,332 | €88,557 | +€10,225 | +13.1% |
| Operating profit (loss) | 9901 | €34,942 | €43,008 | +€8,066 | +23.1% |
| Financial income | 75/76B | €203 | €174 | -€29 | -14.5% |
| Recurring financial income | 75 | €203 | €174 | -€29 | -14.5% |
| Financial charges | 65/66B | €19,977 | €18,117 | -€1,860 | -9.3% |
| Recurring financial charges | 65 | €19,977 | €18,117 | -€1,860 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €15,168 | €25,064 | +€9,896 | +65.2% |
| Income taxes | 67/77 | €3,972 | €5,973 | +€2,001 | +50.4% |
| Profit (loss) for the period | 9904 | €11,196 | €19,092 | +€7,896 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,196 | €19,092 | +€7,896 | +70.5% |
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 26 October 2026 via checked.be.