DAVICOM BUILD: 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.
DAVICOM BUILD
Largest movements
- Receivables within one year -€754,279
down €754,279 (-78.4%), from €961,600 to €207,321
of which Trade receivables: -€760,914
- Cash +€35,120
new in 2025: €35,120
mainly Receivables within one year (+€754,279) and Net result for the year (+€67,399)
- Trade debts -€782,548
down €782,548 (-90.4%), from €865,684 to €83,136
- Profit (loss) carried forward +€67,399
up €67,399 (+130%), from €51,731 to €119,130
- Short-term financial debts -€13,120
no longer reported in 2025 (was €13,120)
- Other debts +€9,884
new in 2025: €9,884
- Gross operating margin +€59,193
up €59,193 (+228%), from €25,978 to €85,171
- Taxes +€12,367
up €12,367 (+239%), from €5,177 to €17,544
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 | €961,600 | €242,441 | -€719,159 | -74.8% |
| Current assets | 29/58 | €961,600 | €242,441 | -€719,159 | -74.8% |
| Amounts receivable within one year | 40/41 | €961,600 | €207,321 | -€754,279 | -78.4% |
| Trade receivables | 40 | €961,600 | €200,686 | -€760,914 | -79.1% |
| Other amounts receivable | 41 | - | €6,635 | +€6,635 | |
| Cash at bank and in hand | 54/58 | - | €35,120 | +€35,120 | |
| Total equity and liabilities | 10/49 | €961,600 | €242,441 | -€719,159 | -74.8% |
| Equity | 10/15 | €58,731 | €126,130 | +€67,399 | +115% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | - | -€7,000 | |
| Issued capital | 100 | €7,000 | - | -€7,000 | |
| Profit (loss) carried forward | 14 | €51,731 | €119,130 | +€67,399 | +130% |
| Amounts payable | 17/49 | €902,869 | €116,311 | -€786,558 | -87.1% |
| Amounts payable within one year | 42/48 | €902,869 | €116,311 | -€786,558 | -87.1% |
| Financial debts | 43 | €13,120 | - | -€13,120 | |
| Credit institutions | 430/8 | €13,120 | - | -€13,120 | |
| Trade debts | 44 | €865,684 | €83,136 | -€782,548 | -90.4% |
| Suppliers | 440/4 | €865,684 | €83,136 | -€782,548 | -90.4% |
| Taxes, remuneration and social security | 45 | €24,065 | €23,291 | -€774 | -3.2% |
| Taxes | 450/3 | €17,965 | €23,291 | +€5,326 | +29.6% |
| Remuneration and social security | 454/9 | €6,100 | - | -€6,100 | |
| Other amounts payable | 47/48 | - | €9,884 | +€9,884 | |
| Gross operating margin | 9900 | €25,978 | €85,171 | +€59,193 | +228% |
| Operating profit (loss) | 9901 | €25,978 | €85,171 | +€59,193 | +228% |
| Financial charges | 65/66B | €96 | €228 | +€132 | +138% |
| Recurring financial charges | 65 | €96 | €228 | +€132 | +138% |
| Profit (loss) for the period before taxes | 9903 | €25,883 | €84,943 | +€59,060 | +228% |
| Income taxes | 67/77 | €5,177 | €17,544 | +€12,367 | +239% |
| Profit (loss) for the period | 9904 | €20,706 | €67,399 | +€46,693 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €20,706 | €67,399 | +€46,693 | +226% |
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.