DAVICAP: 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.
DAVICAP
Largest movements
- Tangible fixed assets -€3,316
down €3,316 (-36.3%), from €9,144 to €5,827
- Cash +€1,948
up €1,948 (+45.5%), from €4,286 to €6,234
mainly Other debts (+€3,754) and Depreciation (+€3,316)
- Receivables within one year -€1,223
down €1,223 (-5.1%), from €24,171 to €22,948
of which Trade receivables: -€13,996
- Other debts +€3,754
up €3,754 (+1706.3%), from €220 to €3,974
- Debts after one year -€2,881
no longer reported in 2025 (was €2,881)
- Current portion of long-term debt -€2,034
down €2,034 (-37.7%), from €5,400 to €3,366
- Tax, wage and social debts -€1,330
down €1,330 (-13.9%), from €9,546 to €8,215
of which Taxes: -€3,256
- Trade debts -€1,143
down €1,143 (-16.3%), from €7,004 to €5,861
- Gross operating margin -€15,693
down €15,693 (-68.1%), from €23,050 to €7,357
- Depreciation +€2,510
up €2,510 (+311.2%), from €806 to €3,316
- Taxes -€666
down €666 (-20.4%), from €3,273 to €2,607
- Financial charges +€403
up €403 (+127.7%), from €315 to €718
- Financial income +€381
up €381 (+200.3%), from €190 to €571
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 | €37,600 | €35,010 | -€2,590 | -6.9% |
| Fixed assets | 21/28 | €9,144 | €5,827 | -€3,316 | -36.3% |
| Tangible fixed assets | 22/27 | €9,144 | €5,827 | -€3,316 | -36.3% |
| Furniture and vehicles | 24 | €9,144 | €5,827 | -€3,316 | -36.3% |
| Current assets | 29/58 | €28,457 | €29,183 | +€726 | +2.6% |
| Amounts receivable within one year | 40/41 | €24,171 | €22,948 | -€1,223 | -5.1% |
| Trade receivables | 40 | €17,525 | €3,529 | -€13,996 | -79.9% |
| Other amounts receivable | 41 | €6,646 | €19,419 | +€12,773 | +192.2% |
| Cash at bank and in hand | 54/58 | €4,286 | €6,234 | +€1,948 | +45.5% |
| Total equity and liabilities | 10/49 | €37,600 | €35,010 | -€2,590 | -6.9% |
| Equity | 10/15 | €12,549 | €13,593 | +€1,044 | +8.3% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,951 | -€1,907 | +€1,044 | +35.4% |
| Amounts payable | 17/49 | €25,051 | €21,417 | -€3,635 | -14.5% |
| Amounts payable after more than one year | 17 | €2,881 | - | -€2,881 | |
| Financial debts | 170/4 | €2,881 | - | -€2,881 | |
| Amounts payable within one year | 42/48 | €22,170 | €21,417 | -€753 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €5,400 | €3,366 | -€2,034 | -37.7% |
| Trade debts | 44 | €7,004 | €5,861 | -€1,143 | -16.3% |
| Suppliers | 440/4 | €7,004 | €5,861 | -€1,143 | -16.3% |
| Taxes, remuneration and social security | 45 | €9,546 | €8,215 | -€1,330 | -13.9% |
| Taxes | 450/3 | €8,430 | €5,173 | -€3,256 | -38.6% |
| Remuneration and social security | 454/9 | €1,116 | €3,042 | +€1,926 | +172.6% |
| Other amounts payable | 47/48 | €220 | €3,974 | +€3,754 | +1706.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €806 | €3,316 | +€2,510 | +311.2% |
| Other operating charges | 640/8 | €404 | €243 | -€161 | -39.8% |
| Gross operating margin | 9900 | €23,050 | €7,357 | -€15,693 | -68.1% |
| Operating profit (loss) | 9901 | €21,839 | €3,798 | -€18,042 | -82.6% |
| Financial income | 75/76B | €190 | €571 | +€381 | +200.3% |
| Recurring financial income | 75 | €190 | €571 | +€381 | +200.3% |
| Financial charges | 65/66B | €315 | €718 | +€403 | +127.7% |
| Recurring financial charges | 65 | €315 | €718 | +€403 | +127.7% |
| Profit (loss) for the period before taxes | 9903 | €21,714 | €3,651 | -€18,063 | -83.2% |
| Income taxes | 67/77 | €3,273 | €2,607 | -€666 | -20.4% |
| Profit (loss) for the period | 9904 | €18,441 | €1,044 | -€17,397 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,441 | €1,044 | -€17,397 | -94.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.