DAVERBO: 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.
DAVERBO
Largest movements
- Financial fixed assets -€270,000
no longer reported in 2025 (was €270,000)
- Receivables within one year +€152,573
up €152,573 (+474%), from €32,159 to €184,732
of which Trade receivables: +€181,405
- Cash +€142,357
up €142,357 (+972%), from €14,639 to €156,996
mainly Investment in fixed assets (net) (+€266,600) and Trade debts (+€25,851)
- Current investments +€44,438
up €44,438 (+148%), from €30,000 to €74,438
- Stocks and contracts +€6,900
new in 2025: €6,900
- Trade debts +€25,851
up €25,851 (+481%), from €5,380 to €31,230
- Other debts +€22,883
up €22,883 (+5.3%), from €435,481 to €458,364
- Tax, wage and social debts +€13,041
up €13,041 (+413%), from €3,159 to €16,200
- Reserves +€11,330
up €11,330 (+15.1%), from €74,858 to €86,189
of which Distributable reserves: +€13,552
- Financial charges +€25,792
up €25,792 (+40,269%), from €64 to €25,856
of which Non-recurring financial charges: +€15,272
- Gross operating margin -€7,727
down €7,727 (-11.5%), from €67,293 to €59,566
- Taxes -€4,808
down €4,808 (-31.4%), from €15,301 to €10,493
- Other operating charges +€3,999
up €3,999 (+100%), from €3,985 to €7,984
- Financial income +€2,819
up €2,819 (+143,118%), from €2 to €2,821
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 | €589,377 | €661,337 | +€71,960 | +12.2% |
| Fixed assets | 21/28 | €512,579 | €238,109 | -€274,470 | -53.5% |
| Tangible fixed assets | 22/27 | €242,579 | €238,109 | -€4,470 | -1.8% |
| Land and buildings | 22 | €242,579 | €237,349 | -€5,230 | -2.2% |
| Plant, machinery and equipment | 23 | - | €760 | +€760 | |
| Financial fixed assets | 28 | €270,000 | - | -€270,000 | |
| Current assets | 29/58 | €76,798 | €423,228 | +€346,430 | +451% |
| Stocks and contracts in progress | 3 | - | €6,900 | +€6,900 | |
| Stocks | 30/36 | - | €6,900 | +€6,900 | |
| Amounts receivable within one year | 40/41 | €32,159 | €184,732 | +€152,573 | +474% |
| Trade receivables | 40 | - | €181,405 | +€181,405 | |
| Other amounts receivable | 41 | €32,159 | €3,328 | -€28,832 | -89.7% |
| Current investments | 50/53 | €30,000 | €74,438 | +€44,438 | +148% |
| Cash at bank and in hand | 54/58 | €14,639 | €156,996 | +€142,357 | +972% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €589,377 | €661,337 | +€71,960 | +12.2% |
| Equity | 10/15 | €136,858 | €148,189 | +€11,330 | +8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Uncalled capital | 101 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €74,858 | €86,189 | +€11,330 | +15.1% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,226 | €13,005 | -€2,222 | -14.6% |
| Distributable reserves | 133 | €50,932 | €64,484 | +€13,552 | +26.6% |
| Provisions and deferred taxes | 16 | €7,844 | €6,699 | -€1,144 | -14.6% |
| Deferred taxes | 168 | €7,844 | €6,699 | -€1,144 | -14.6% |
| Amounts payable | 17/49 | €444,675 | €506,449 | +€61,774 | +13.9% |
| Amounts payable within one year | 42/48 | €444,020 | €505,794 | +€61,774 | +13.9% |
| Trade debts | 44 | €5,380 | €31,230 | +€25,851 | +481% |
| Suppliers | 440/4 | €5,380 | €31,230 | +€25,851 | +481% |
| Taxes, remuneration and social security | 45 | €3,159 | €16,200 | +€13,041 | +413% |
| Taxes | 450/3 | €3,159 | €16,200 | +€13,041 | +413% |
| Other amounts payable | 47/48 | €435,481 | €458,364 | +€22,883 | +5.3% |
| Accrued charges and deferred income | 492/3 | €655 | €655 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,709 | €7,870 | +€161 | +2.1% |
| Other operating charges | 640/8 | €3,985 | €7,984 | +€3,999 | +100% |
| Gross operating margin | 9900 | €67,293 | €59,566 | -€7,727 | -11.5% |
| Operating profit (loss) | 9901 | €55,599 | €43,713 | -€11,886 | -21.4% |
| Financial income | 75/76B | €2 | €2,821 | +€2,819 | +143,118% |
| Recurring financial income | 75 | €2 | €2,821 | +€2,819 | +143,118% |
| Financial charges | 65/66B | €64 | €25,856 | +€25,792 | +40,269% |
| Recurring financial charges | 65 | €64 | €10,584 | +€10,520 | +16,424% |
| Non-recurring financial charges | 66B | - | €15,272 | +€15,272 | |
| Profit (loss) for the period before taxes | 9903 | €55,537 | €20,679 | -€34,858 | -62.8% |
| Transfer from deferred taxes | 780 | €1,144 | €1,144 | = | 0.0% |
| Income taxes | 67/77 | €15,301 | €10,493 | -€4,808 | -31.4% |
| Profit (loss) for the period | 9904 | €41,380 | €11,330 | -€30,050 | -72.6% |
| Transfer from tax-exempt reserves | 789 | €2,222 | €2,222 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,602 | €13,552 | -€30,050 | -68.9% |
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 1 November 2026 via checked.be.