DAVI BLITZ: 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.
DAVI BLITZ
Largest movements
- Tangible fixed assets -€12,365
down €12,365 (-20.7%), from €59,674 to €47,309
of which Other tangible fixed assets: -€6,256
- Cash -€8,219
down €8,219 (-35.8%), from €22,989 to €14,770
mainly Net result for the year (-€11,290) and Short-term financial debts (-€8,357)
- Profit (loss) carried forward -€11,290
down €11,290 (-13.4%), from -€84,085 to -€95,375
- Short-term financial debts -€8,357
no longer reported in 2025 (was €8,357)
- Trade debts +€5,412
up €5,412 (+43.5%), from €12,446 to €17,858
- Other debts -€4,963
down €4,963 (-7.3%), from €67,818 to €62,855
- Gross operating margin -€17,548
down €17,548 (-44.8%), from €39,169 to €21,621
- Financial income -€5,049
down €5,049 (-99.9%), from €5,052 to €3
of which Non-recurring financial income: -€4,982
- Staff costs +€1,028
up €1,028 (+7.1%), from €14,548 to €15,576
- Financial charges +€1,027
up €1,027 (+37.7%), from €2,722 to €3,749
of which Non-recurring financial charges: +€1,130
- Depreciation +€636
up €636 (+5.4%), from €11,728 to €12,364
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 | €113,151 | €93,062 | -€20,089 | -17.8% |
| Fixed assets | 21/28 | €59,794 | €47,429 | -€12,365 | -20.7% |
| Tangible fixed assets | 22/27 | €59,674 | €47,309 | -€12,365 | -20.7% |
| Plant, machinery and equipment | 23 | €2,144 | €1,261 | -€883 | -41.2% |
| Furniture and vehicles | 24 | €14,842 | €9,616 | -€5,226 | -35.2% |
| Other tangible fixed assets | 26 | €42,688 | €36,432 | -€6,256 | -14.7% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €53,357 | €45,633 | -€7,724 | -14.5% |
| Stocks and contracts in progress | 3 | €29,468 | €30,076 | +€608 | +2.1% |
| Stocks | 30/36 | €29,468 | €30,076 | +€608 | +2.1% |
| Amounts receivable within one year | 40/41 | - | €787 | +€787 | |
| Other amounts receivable | 41 | - | €787 | +€787 | |
| Cash at bank and in hand | 54/58 | €22,989 | €14,770 | -€8,219 | -35.8% |
| Deferred charges and accrued income | 490/1 | €900 | - | -€900 | |
| Total equity and liabilities | 10/49 | €113,151 | €93,062 | -€20,089 | -17.8% |
| Equity | 10/15 | €20,638 | €9,348 | -€11,290 | -54.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €4,723 | €4,723 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,723 | €4,723 | = | 0.0% |
| Legal reserve | 130 | €4,723 | €4,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,085 | -€95,375 | -€11,290 | -13.4% |
| Amounts payable | 17/49 | €92,513 | €83,714 | -€8,799 | -9.5% |
| Amounts payable within one year | 42/48 | €92,513 | €83,714 | -€8,799 | -9.5% |
| Financial debts | 43 | €8,357 | - | -€8,357 | |
| Credit institutions | 430/8 | €8,357 | - | -€8,357 | |
| Trade debts | 44 | €12,446 | €17,858 | +€5,412 | +43.5% |
| Suppliers | 440/4 | €12,446 | €17,858 | +€5,412 | +43.5% |
| Taxes, remuneration and social security | 45 | €3,892 | €3,001 | -€891 | -22.9% |
| Taxes | 450/3 | €723 | - | -€723 | |
| Remuneration and social security | 454/9 | €3,169 | €3,001 | -€168 | -5.3% |
| Other amounts payable | 47/48 | €67,818 | €62,855 | -€4,963 | -7.3% |
| Remuneration, social security and pensions | 62 | €14,548 | €15,576 | +€1,028 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,728 | €12,364 | +€636 | +5.4% |
| Other operating charges | 640/8 | €1,008 | €1,003 | -€5 | -0.5% |
| Gross operating margin | 9900 | €39,169 | €21,621 | -€17,548 | -44.8% |
| Operating profit (loss) | 9901 | €11,885 | -€7,322 | -€19,207 | |
| Financial income | 75/76B | €5,052 | €3 | -€5,049 | -99.9% |
| Recurring financial income | 75 | €70 | €3 | -€67 | -95.7% |
| Non-recurring financial income | 76B | €4,982 | - | -€4,982 | |
| Financial charges | 65/66B | €2,722 | €3,749 | +€1,027 | +37.7% |
| Recurring financial charges | 65 | €2,722 | €2,619 | -€103 | -3.8% |
| Non-recurring financial charges | 66B | - | €1,130 | +€1,130 | |
| Profit (loss) for the period before taxes | 9903 | €14,215 | -€11,068 | -€25,283 | |
| Income taxes | 67/77 | - | €222 | +€222 | |
| Profit (loss) for the period | 9904 | €14,215 | -€11,290 | -€25,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,215 | -€11,290 | -€25,505 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.