DAVI CONSTRUCT: 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.
DAVI CONSTRUCT
Largest movements
- Tangible fixed assets +€25,108
up €25,108 (+5,124%), from €490 to €25,598
of which Furniture and vehicles: +€25,196
- Cash -€8,747
down €8,747 (-88.3%), from €9,901 to €1,154
mainly Investment in fixed assets (net) (-€25,669) and Deferred charges and accrued income (-€249)
- Receivables within one year -€1,172
down €1,172 (-8.5%), from €13,756 to €12,584
of which Trade receivables: -€1,261
- Profit (loss) carried forward +€4,383
up €4,383 (+41.5%), from €10,562 to €14,945
- Debts after one year +€4,074
new in 2025: €4,074
- Current portion of long-term debt +€3,926
new in 2025: €3,926
- Trade debts +€1,566
up €1,566 (+62.4%), from €2,508 to €4,074
of which Bills of exchange payable: +€2,754
- Tax, wage and social debts +€1,489
up €1,489 (+33.9%), from €4,389 to €5,878
of which Taxes: +€1,129
- Staff costs +€14,409
up €14,409 (+52.0%), from €27,717 to €42,126
- Gross operating margin +€8,624
up €8,624 (+21.7%), from €39,803 to €48,427
- Purchases and services -€3,241
down €3,241 (-8.0%), from €40,573 to €37,332
- Taxes -€1,533
down €1,533 (-67.1%), from €2,285 to €752
- Write-downs -€815
no longer reported in 2025 (was €815)
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 | €25,519 | €40,957 | +€15,438 | +60.5% |
| Fixed assets | 21/28 | €580 | €25,688 | +€25,108 | +4,329% |
| Tangible fixed assets | 22/27 | €490 | €25,598 | +€25,108 | +5,124% |
| Plant, machinery and equipment | 23 | €169 | €81 | -€88 | -52.1% |
| Furniture and vehicles | 24 | €321 | €25,517 | +€25,196 | +7,849% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €24,939 | €15,269 | -€9,670 | -38.8% |
| Amounts receivable within one year | 40/41 | €13,756 | €12,584 | -€1,172 | -8.5% |
| Trade receivables | 40 | €8,180 | €6,919 | -€1,261 | -15.4% |
| Other amounts receivable | 41 | €5,576 | €5,665 | +€89 | +1.6% |
| Cash at bank and in hand | 54/58 | €9,901 | €1,154 | -€8,747 | -88.3% |
| Deferred charges and accrued income | 490/1 | €1,282 | €1,531 | +€249 | +19.4% |
| Total equity and liabilities | 10/49 | €25,519 | €40,957 | +€15,438 | +60.5% |
| Equity | 10/15 | €18,622 | €23,005 | +€4,383 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,562 | €14,945 | +€4,383 | +41.5% |
| Amounts payable | 17/49 | €6,897 | €17,952 | +€11,055 | +160% |
| Amounts payable after more than one year | 17 | - | €4,074 | +€4,074 | |
| Financial debts | 170/4 | - | €4,074 | +€4,074 | |
| Amounts payable within one year | 42/48 | €6,897 | €13,878 | +€6,981 | +101% |
| Current portion of amounts payable after more than one year | 42 | - | €3,926 | +€3,926 | |
| Trade debts | 44 | €2,508 | €4,074 | +€1,566 | +62.4% |
| Suppliers | 440/4 | €2,508 | €1,320 | -€1,188 | -47.4% |
| Bills of exchange payable | 441 | - | €2,754 | +€2,754 | |
| Taxes, remuneration and social security | 45 | €4,389 | €5,878 | +€1,489 | +33.9% |
| Taxes | 450/3 | €2,285 | €3,414 | +€1,129 | +49.4% |
| Remuneration and social security | 454/9 | €2,104 | €2,464 | +€360 | +17.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €40,573 | €37,332 | -€3,241 | -8.0% |
| Remuneration, social security and pensions | 62 | €27,717 | €42,126 | +€14,409 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247 | €561 | +€314 | +127% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €815 | - | -€815 | |
| Other operating charges | 640/8 | €515 | €648 | +€133 | +25.8% |
| Gross operating margin | 9900 | €39,803 | €48,427 | +€8,624 | +21.7% |
| Operating profit (loss) | 9901 | €10,509 | €5,092 | -€5,417 | -51.5% |
| Financial income | 75/76B | €299 | €304 | +€5 | +1.7% |
| Recurring financial income | 75 | €299 | €304 | +€5 | +1.7% |
| Financial charges | 65/66B | €153 | €261 | +€108 | +70.6% |
| Recurring financial charges | 65 | €153 | €261 | +€108 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €10,655 | €5,135 | -€5,520 | -51.8% |
| Income taxes | 67/77 | €2,285 | €752 | -€1,533 | -67.1% |
| Profit (loss) for the period | 9904 | €8,370 | €4,383 | -€3,987 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,370 | €4,383 | -€3,987 | -47.6% |
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 18 October 2026 via checked.be.