DAVICI: 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.
DAVICI
Largest movements
- Receivables within one year -€44,664
down €44,664 (-25.8%), from €172,877 to €128,213
of which Trade receivables: -€42,717
- Tangible fixed assets -€9,411
down €9,411 (-99.4%), from €9,472 to €61
of which Other tangible fixed assets: -€9,350
- Cash +€3,816
up €3,816 (+120.9%), from €3,157 to €6,973
mainly Receivables within one year (+€44,664) and Investment in fixed assets (net) (+€8,950)
- Trade debts -€33,280
down €33,280 (-50.2%), from €66,250 to €32,970
- Accrued charges and deferred income -€10,587
down €10,587 (-33.3%), from €31,760 to €21,173
- Reserves -€4,825
down €4,825 (-6.0%), from €80,853 to €76,028
of which Distributable reserves: -€4,825
- Gross operating margin -€9,990
down €9,990, from €6,083 to -€3,907
- Taxes -€1,442
down €1,442 (-75.9%), from €1,898 to €457
- Financial income -€248
no longer reported in 2025 (was €248)
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 | €189,156 | €139,297 | -€49,859 | -26.4% |
| Fixed assets | 21/28 | €9,472 | €461 | -€9,011 | -95.1% |
| Tangible fixed assets | 22/27 | €9,472 | €61 | -€9,411 | -99.4% |
| Furniture and vehicles | 24 | €122 | €61 | -€61 | -50.0% |
| Other tangible fixed assets | 26 | €9,350 | - | -€9,350 | |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €179,684 | €138,836 | -€40,848 | -22.7% |
| Amounts receivable within one year | 40/41 | €172,877 | €128,213 | -€44,664 | -25.8% |
| Trade receivables | 40 | €42,717 | - | -€42,717 | |
| Other amounts receivable | 41 | €130,160 | €128,213 | -€1,947 | -1.5% |
| Current investments | 50/53 | €3,650 | €3,650 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,157 | €6,973 | +€3,816 | +120.9% |
| Total equity and liabilities | 10/49 | €189,156 | €139,297 | -€49,859 | -26.4% |
| Equity | 10/15 | €87,053 | €82,228 | -€4,825 | -5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,853 | €76,028 | -€4,825 | -6.0% |
| Non-distributable reserves | 130/1 | €5,510 | €5,510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,510 | €5,510 | = | 0.0% |
| Distributable reserves | 133 | €75,343 | €70,518 | -€4,825 | -6.4% |
| Amounts payable | 17/49 | €102,103 | €57,069 | -€45,034 | -44.1% |
| Amounts payable within one year | 42/48 | €70,343 | €35,896 | -€34,447 | -49.0% |
| Trade debts | 44 | €66,250 | €32,970 | -€33,280 | -50.2% |
| Suppliers | 440/4 | €66,250 | €32,970 | -€33,280 | -50.2% |
| Advances received on contracts in progress | 46 | €311 | €588 | +€277 | +88.9% |
| Taxes, remuneration and social security | 45 | €3,782 | €2,338 | -€1,444 | -38.2% |
| Taxes | 450/3 | €3,782 | €2,338 | -€1,444 | -38.2% |
| Accrued charges and deferred income | 492/3 | €31,760 | €21,173 | -€10,587 | -33.3% |
| Non-recurring operating income | 76A | - | €2,650 | +€2,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61 | €61 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €5,274 | - | -€5,274 | |
| Gross operating margin | 9900 | €6,083 | -€3,907 | -€9,990 | |
| Operating profit (loss) | 9901 | €361 | -€4,368 | -€4,729 | |
| Financial income | 75/76B | €248 | - | -€248 | |
| Recurring financial income | 75 | €248 | - | -€248 | |
| Financial charges | 65/66B | €8 | - | -€8 | |
| Recurring financial charges | 65 | €8 | - | -€8 | |
| Profit (loss) for the period before taxes | 9903 | €600 | -€4,368 | -€4,968 | |
| Income taxes | 67/77 | €1,898 | €457 | -€1,442 | -75.9% |
| Profit (loss) for the period | 9904 | -€1,298 | -€4,825 | -€3,527 | -271.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,298 | -€4,825 | -€3,527 | -271.7% |
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.