DAVERKO: 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.
DAVERKO
Largest movements
- Tangible fixed assets +€249,654
up €249,654 (+103%), from €243,355 to €493,009
of which Furniture and vehicles: +€280,266
- Current investments -€150,683
down €150,683 (-86.0%), from €175,150 to €24,467
- Receivables within one year +€75,869
up €75,869 (+68.5%), from €110,820 to €186,688
of which Trade receivables: +€70,216
- Cash -€45,760
down €45,760 (-47.1%), from €97,115 to €51,355
mainly Investment in fixed assets (net) (-€337,528) and Contributions, distributions and other (-€161,353)
- Deferred charges and accrued income +€11,302
up €11,302 (+44.8%), from €25,240 to €36,541
- Other debts +€163,070
up €163,070 (+223%), from €73,082 to €236,152
- Reserves -€94,108
down €94,108 (-31.5%), from €298,683 to €204,575
of which Distributable reserves: -€93,519
- Debts after one year +€66,210
up €66,210 (+255%), from €25,983 to €92,193
- Current portion of long-term debt +€8,107
up €8,107 (+15.3%), from €52,874 to €60,981
- Gross operating margin +€81,996
up €81,996 (+67.8%), from €120,935 to €202,932
- Taxes +€17,746
up €17,746 (+245%), from €7,247 to €24,992
- Depreciation +€4,471
up €4,471 (+5.4%), from €83,403 to €87,874
- Financial income -€3,872
down €3,872 (-66.9%), from €5,788 to €1,916
- Financial charges +€2,844
up €2,844 (+40.1%), from €7,093 to €9,938
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 | €654,722 | €795,103 | +€140,381 | +21.4% |
| Fixed assets | 21/28 | €246,398 | €496,052 | +€249,654 | +101% |
| Tangible fixed assets | 22/27 | €243,355 | €493,009 | +€249,654 | +103% |
| Land and buildings | 22 | €220,724 | €190,176 | -€30,548 | -13.8% |
| Plant, machinery and equipment | 23 | €928 | €864 | -€64 | -6.9% |
| Furniture and vehicles | 24 | €21,703 | €301,969 | +€280,266 | +1,291% |
| Financial fixed assets | 28 | €3,043 | €3,043 | = | 0.0% |
| Current assets | 29/58 | €408,324 | €299,051 | -€109,273 | -26.8% |
| Amounts receivable within one year | 40/41 | €110,820 | €186,688 | +€75,869 | +68.5% |
| Trade receivables | 40 | €102,471 | €172,687 | +€70,216 | +68.5% |
| Other amounts receivable | 41 | €8,349 | €14,002 | +€5,653 | +67.7% |
| Current investments | 50/53 | €175,150 | €24,467 | -€150,683 | -86.0% |
| Cash at bank and in hand | 54/58 | €97,115 | €51,355 | -€45,760 | -47.1% |
| Deferred charges and accrued income | 490/1 | €25,240 | €36,541 | +€11,302 | +44.8% |
| Total equity and liabilities | 10/49 | €654,722 | €795,103 | +€140,381 | +21.4% |
| Equity | 10/15 | €450,546 | €356,438 | -€94,108 | -20.9% |
| Contributions | 10/11 | €37,680 | €37,680 | = | 0.0% |
| Reserves | 13 | €298,683 | €204,575 | -€94,108 | -31.5% |
| Tax-exempt reserves | 132 | €108,387 | €107,798 | -€589 | -0.5% |
| Distributable reserves | 133 | €190,296 | €96,777 | -€93,519 | -49.1% |
| Profit (loss) carried forward | 14 | €114,183 | €114,183 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,538 | €1,235 | -€303 | -19.7% |
| Deferred taxes | 168 | €1,538 | €1,235 | -€303 | -19.7% |
| Amounts payable | 17/49 | €202,638 | €437,430 | +€234,792 | +116% |
| Amounts payable after more than one year | 17 | €25,983 | €92,193 | +€66,210 | +255% |
| Financial debts | 170/4 | €25,983 | €92,193 | +€66,210 | +255% |
| Amounts payable within one year | 42/48 | €176,654 | €342,300 | +€165,646 | +93.8% |
| Current portion of amounts payable after more than one year | 42 | €52,874 | €60,981 | +€8,107 | +15.3% |
| Financial debts | 43 | €214 | €244 | +€30 | +14.0% |
| Credit institutions | 430/8 | €214 | €244 | +€30 | +14.0% |
| Trade debts | 44 | €40,584 | €36,744 | -€3,840 | -9.5% |
| Suppliers | 440/4 | €40,584 | €36,744 | -€3,840 | -9.5% |
| Taxes, remuneration and social security | 45 | €9,900 | €8,179 | -€1,720 | -17.4% |
| Taxes | 450/3 | €9,900 | €8,179 | -€1,720 | -17.4% |
| Other amounts payable | 47/48 | €73,082 | €236,152 | +€163,070 | +223% |
| Accrued charges and deferred income | 492/3 | - | €2,937 | +€2,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,403 | €87,874 | +€4,471 | +5.4% |
| Other operating charges | 640/8 | €15,289 | €15,102 | -€187 | -1.2% |
| Gross operating margin | 9900 | €120,935 | €202,932 | +€81,996 | +67.8% |
| Operating profit (loss) | 9901 | €22,243 | €99,955 | +€77,713 | +349% |
| Financial income | 75/76B | €5,788 | €1,916 | -€3,872 | -66.9% |
| Recurring financial income | 75 | €5,788 | €1,916 | -€3,872 | -66.9% |
| Financial charges | 65/66B | €7,093 | €9,938 | +€2,844 | +40.1% |
| Recurring financial charges | 65 | €7,093 | €9,938 | +€2,844 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €20,938 | €91,934 | +€70,997 | +339% |
| Transfer from deferred taxes | 780 | €303 | €303 | = | 0.0% |
| Income taxes | 67/77 | €7,247 | €24,992 | +€17,746 | +245% |
| Profit (loss) for the period | 9904 | €13,994 | €67,245 | +€53,251 | +381% |
| Transfer from tax-exempt reserves | 789 | €589 | €589 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,584 | €67,835 | +€53,251 | +365% |
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 13 October 2026 via checked.be.