DAVICON: 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.
DAVICON
Largest movements
- Receivables within one year -€77,531
down €77,531 (-16.2%), from €478,342 to €400,811
of which Trade receivables: -€67,687
- Current investments +€47,120
up €47,120 (+57.2%), from €82,313 to €129,433
- Cash +€30,200
up €30,200 (+45.1%), from €66,911 to €97,112
mainly Net result for the year (+€138,461) and Receivables within one year (+€77,531)
- Tax, wage and social debts -€36,597
down €36,597 (-33.6%), from €108,838 to €72,241
- Reserves +€35,112
up €35,112 (+3.9%), from €903,488 to €938,600
of which Distributable reserves: +€35,112
- Other debts +€33,898
up €33,898 (+24.8%), from €136,930 to €170,827
- Provisions -€24,000
down €24,000 (-50.0%), from €48,000 to €24,000
- Debts after one year -€19,093
down €19,093 (-100%), from €19,093 to €0
- Gross operating margin -€176,673
down €176,673 (-47.6%), from €371,071 to €194,397
- Taxes -€49,785
down €49,785 (-43.3%), from €114,937 to €65,151
- Provisions -€28,000
down €28,000, from €4,000 to -€24,000
- Financial charges +€8,282
up €8,282 (+415%), from €1,997 to €10,279
- Financial income +€7,045
up €7,045 (+121%), from €5,847 to €12,892
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 | €1,258,727 | €1,246,252 | -€12,475 | -1.0% |
| Fixed assets | 21/28 | €630,591 | €618,896 | -€11,694 | -1.9% |
| Tangible fixed assets | 22/27 | €39,997 | €28,303 | -€11,694 | -29.2% |
| Plant, machinery and equipment | 23 | - | €1,322 | +€1,322 | |
| Furniture and vehicles | 24 | €39,997 | €26,981 | -€13,016 | -32.5% |
| Financial fixed assets | 28 | €590,593 | €590,593 | = | 0.0% |
| Current assets | 29/58 | €628,136 | €627,356 | -€780 | -0.1% |
| Amounts receivable within one year | 40/41 | €478,342 | €400,811 | -€77,531 | -16.2% |
| Trade receivables | 40 | €468,499 | €400,811 | -€67,687 | -14.4% |
| Other amounts receivable | 41 | €9,844 | €0 | -€9,844 | -100% |
| Current investments | 50/53 | €82,313 | €129,433 | +€47,120 | +57.2% |
| Cash at bank and in hand | 54/58 | €66,911 | €97,112 | +€30,200 | +45.1% |
| Deferred charges and accrued income | 490/1 | €569 | €0 | -€569 | -100% |
| Total equity and liabilities | 10/49 | €1,258,727 | €1,246,252 | -€12,475 | -1.0% |
| Equity | 10/15 | €922,088 | €957,200 | +€35,112 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €903,488 | €938,600 | +€35,112 | +3.9% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €798,238 | €833,350 | +€35,112 | +4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €48,000 | €24,000 | -€24,000 | -50.0% |
| Provisions for liabilities and charges | 160/5 | €48,000 | €24,000 | -€24,000 | -50.0% |
| Other liabilities and charges | 164/5 | €48,000 | €24,000 | -€24,000 | -50.0% |
| Amounts payable | 17/49 | €288,639 | €265,053 | -€23,586 | -8.2% |
| Amounts payable after more than one year | 17 | €19,093 | €0 | -€19,093 | -100% |
| Financial debts | 170/4 | €19,093 | €0 | -€19,093 | -100% |
| Amounts payable within one year | 42/48 | €269,546 | €265,053 | -€4,493 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €22,774 | €19,093 | -€3,681 | -16.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,005 | €2,892 | +€1,887 | +188% |
| Suppliers | 440/4 | €1,005 | €2,892 | +€1,887 | +188% |
| Taxes, remuneration and social security | 45 | €108,838 | €72,241 | -€36,597 | -33.6% |
| Taxes | 450/3 | €108,838 | €72,241 | -€36,597 | -33.6% |
| Other amounts payable | 47/48 | €136,930 | €170,827 | +€33,898 | +24.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,304 | €14,913 | +€609 | +4.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,000 | -€24,000 | -€28,000 | |
| Other operating charges | 640/8 | €2,411 | €2,485 | +€74 | +3.1% |
| Gross operating margin | 9900 | €371,071 | €194,397 | -€176,673 | -47.6% |
| Operating profit (loss) | 9901 | €350,356 | €200,999 | -€149,357 | -42.6% |
| Financial income | 75/76B | €5,847 | €12,892 | +€7,045 | +121% |
| Recurring financial income | 75 | €5,847 | €12,892 | +€7,045 | +121% |
| Financial charges | 65/66B | €1,997 | €10,279 | +€8,282 | +415% |
| Recurring financial charges | 65 | €1,997 | €10,279 | +€8,282 | +415% |
| Profit (loss) for the period before taxes | 9903 | €354,206 | €203,613 | -€150,593 | -42.5% |
| Income taxes | 67/77 | €114,937 | €65,151 | -€49,785 | -43.3% |
| Profit (loss) for the period | 9904 | €239,269 | €138,461 | -€100,807 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €239,269 | €138,461 | -€100,807 | -42.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.