DAVID AND CO: 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.
DAVID AND CO
Largest movements
- Tangible fixed assets -€54,986
down €54,986 (-7.2%), from €768,166 to €713,180
of which Land and buildings: -€29,260
- Intangible fixed assets -€30,050
down €30,050 (-28.6%), from €105,175 to €75,125
- Cash +€20,839
up €20,839 (+21.2%), from €98,417 to €119,256
mainly Depreciation (+€87,017) and Net result for the year (+€29,188)
- Debts after one year -€89,500
down €89,500 (-19.1%), from €468,039 to €378,539
- Reserves +€29,188
up €29,188 (+81.6%), from €35,788 to €64,976
- Other debts -€16,313
down €16,313 (-48.7%), from €33,522 to €17,209
- Depreciation +€10,969
up €10,969 (+14.4%), from €76,048 to €87,017
- Gross operating margin +€9,154
up €9,154 (+6.4%), from €143,740 to €152,894
- Taxes +€5,008
up €5,008 (+35.3%), from €14,204 to €19,212
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 | €1,015,779 | €952,056 | -€63,723 | -6.3% |
| Fixed assets | 21/28 | €873,341 | €788,305 | -€85,036 | -9.7% |
| Intangible fixed assets | 21 | €105,175 | €75,125 | -€30,050 | -28.6% |
| Tangible fixed assets | 22/27 | €768,166 | €713,180 | -€54,986 | -7.2% |
| Land and buildings | 22 | €650,077 | €620,817 | -€29,260 | -4.5% |
| Furniture and vehicles | 24 | €118,090 | €92,364 | -€25,726 | -21.8% |
| Current assets | 29/58 | €142,438 | €163,751 | +€21,313 | +15.0% |
| Amounts receivable within one year | 40/41 | €38,030 | €38,030 | = | 0.0% |
| Other amounts receivable | 41 | €38,030 | €38,030 | = | 0.0% |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,417 | €119,256 | +€20,839 | +21.2% |
| Deferred charges and accrued income | 490/1 | €3,991 | €4,465 | +€474 | +11.9% |
| Total equity and liabilities | 10/49 | €1,015,779 | €952,056 | -€63,723 | -6.3% |
| Equity | 10/15 | €393,015 | €422,203 | +€29,188 | +7.4% |
| Contributions | 10/11 | €346,600 | €346,600 | = | 0.0% |
| Reserves | 13 | €35,788 | €64,976 | +€29,188 | +81.6% |
| Distributable reserves | 133 | €35,788 | €64,976 | +€29,188 | +81.6% |
| Profit (loss) carried forward | 14 | €10,627 | €10,627 | = | 0.0% |
| Amounts payable | 17/49 | €622,764 | €529,853 | -€92,911 | -14.9% |
| Amounts payable after more than one year | 17 | €468,039 | €378,539 | -€89,500 | -19.1% |
| Financial debts | 170/4 | €468,039 | €378,539 | -€89,500 | -19.1% |
| Amounts payable within one year | 42/48 | €154,725 | €151,314 | -€3,412 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €92,114 | €95,625 | +€3,511 | +3.8% |
| Trade debts | 44 | €341 | €6,217 | +€5,877 | +1,725% |
| Suppliers | 440/4 | €341 | €6,217 | +€5,877 | +1,725% |
| Taxes, remuneration and social security | 45 | €28,749 | €32,262 | +€3,514 | +12.2% |
| Taxes | 450/3 | €28,749 | €32,262 | +€3,514 | +12.2% |
| Other amounts payable | 47/48 | €33,522 | €17,209 | -€16,313 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,048 | €87,017 | +€10,969 | +14.4% |
| Other operating charges | 640/8 | €8,752 | €7,269 | -€1,483 | -16.9% |
| Non-recurring operating charges | 66A | €126 | €68 | -€58 | -45.8% |
| Gross operating margin | 9900 | €143,740 | €152,894 | +€9,154 | +6.4% |
| Operating profit (loss) | 9901 | €58,814 | €58,540 | -€274 | -0.5% |
| Financial income | 75/76B | €1,186 | €89 | -€1,097 | -92.5% |
| Recurring financial income | 75 | €1,186 | €89 | -€1,097 | -92.5% |
| Financial charges | 65/66B | €10,008 | €10,229 | +€221 | +2.2% |
| Recurring financial charges | 65 | €10,008 | €10,229 | +€221 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €49,992 | €48,400 | -€1,592 | -3.2% |
| Income taxes | 67/77 | €14,204 | €19,212 | +€5,008 | +35.3% |
| Profit (loss) for the period | 9904 | €35,788 | €29,188 | -€6,600 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,788 | €29,188 | -€6,600 | -18.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.