DAVERO: what changed
Two fiscal 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.
DAVERO
Largest movements
- Tangible fixed assets -€18,848
down €18,848 (-2.8%), from €677,292 to €658,444
of which Land and buildings: -€17,780
- Cash -€12,033
down €12,033 (-14.8%), from €81,123 to €69,091
mainly Net result for the year (-€20,798) and Debts after one year (-€18,081)
- Debts after one year -€18,081
down €18,081 (-4.8%), from €373,708 to €355,627
of which Financial debts: -€18,081
- Reserves -€12,500
no longer reported in 2025 (was €12,500)
- Gross operating margin +€5,108
up €5,108 (+53.8%), from €9,488 to €14,596
- Depreciation -€4,691
down €4,691 (-19.9%), from €23,539 to €18,848
- Other operating charges +€2,648
up €2,648 (+70.7%), from €3,747 to €6,395
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.
Cash bridge derived
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 | €764,449 | €732,220 | -€32,229 | -4.2% |
| Fixed assets | 21/28 | €677,292 | €658,444 | -€18,848 | -2.8% |
| Tangible fixed assets | 22/27 | €677,292 | €658,444 | -€18,848 | -2.8% |
| Land and buildings | 22 | €672,527 | €654,747 | -€17,780 | -2.6% |
| Plant, machinery and equipment | 23 | €1,669 | €1,245 | -€425 | -25.4% |
| Furniture and vehicles | 24 | €3,096 | €2,453 | -€643 | -20.8% |
| Current assets | 29/58 | €87,157 | €73,776 | -€13,381 | -15.4% |
| Amounts receivable within one year | 40/41 | €5,044 | €3,936 | -€1,109 | -22.0% |
| Trade receivables | 40 | €3,188 | €3,188 | = | 0.0% |
| Other amounts receivable | 41 | €1,857 | €748 | -€1,109 | -59.7% |
| Cash at bank and in hand | 54/58 | €81,123 | €69,091 | -€12,033 | -14.8% |
| Deferred charges and accrued income | 490/1 | €989 | €749 | -€240 | -24.2% |
| Total equity and liabilities | 10/49 | €764,449 | €732,220 | -€32,229 | -4.2% |
| Equity | 10/15 | €207,924 | €187,126 | -€20,798 | -10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €187,500 | €181,250 | -€6,250 | -3.3% |
| Reserves | 13 | €12,500 | - | -€12,500 | |
| Distributable reserves | 133 | €12,500 | - | -€12,500 | |
| Profit (loss) carried forward | 14 | €1,724 | -€324 | -€2,048 | |
| Amounts payable | 17/49 | €556,525 | €545,094 | -€11,431 | -2.1% |
| Amounts payable after more than one year | 17 | €373,708 | €355,627 | -€18,081 | -4.8% |
| Financial debts | 170/4 | €371,708 | €353,627 | -€18,081 | -4.9% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,987 | €189,389 | +€7,402 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €19,118 | €18,081 | -€1,037 | -5.4% |
| Trade debts | 44 | €890 | €4,570 | +€3,680 | +413.4% |
| Suppliers | 440/4 | €890 | €4,570 | +€3,680 | +413.4% |
| Other amounts payable | 47/48 | €161,979 | €166,738 | +€4,759 | +2.9% |
| Accrued charges and deferred income | 492/3 | €830 | €78 | -€752 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,539 | €18,848 | -€4,691 | -19.9% |
| Other operating charges | 640/8 | €3,747 | €6,395 | +€2,648 | +70.7% |
| Gross operating margin | 9900 | €9,488 | €14,596 | +€5,108 | +53.8% |
| Operating profit (loss) | 9901 | -€17,798 | -€10,646 | +€7,151 | +40.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,199 | €10,152 | -€47 | -0.5% |
| Recurring financial charges | 65 | €10,199 | €10,152 | -€47 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,996 | -€20,798 | +€7,198 | +25.7% |
| Profit (loss) for the period | 9904 | -€27,996 | -€20,798 | +€7,198 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,996 | -€20,798 | +€7,198 | +25.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.