David De Vits: 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 De Vits
Largest movements
- Receivables within one year +€8,759
up €8,759 (+59.5%), from €14,732 to €23,492
of which Trade receivables: +€9,752
- Cash -€3,165
down €3,165 (-28.7%), from €11,013 to €7,849
mainly Debts after one year (-€13,253) and Receivables within one year (-€8,759)
- Profit (loss) carried forward +€16,056
up €16,056 (+15.6%), from -€102,792 to -€86,736
- Debts after one year -€13,253
down €13,253 (-15.3%), from €86,741 to €73,488
of which Other amounts payable: -€11,338
- Tax, wage and social debts +€9,479
up €9,479 (+214%), from €4,424 to €13,904
- Trade debts -€5,349
down €5,349 (-34.5%), from €15,519 to €10,170
- Current portion of long-term debt -€1,338
down €1,338 (-41.1%), from €3,253 to €1,915
- Gross operating margin +€20,882
up €20,882 (+102%), from €20,430 to €41,312
- Financial charges +€8,474
up €8,474 (+150%), from €5,667 to €14,141
- Taxes +€5,350
up €5,350 (+139%), from €3,850 to €9,200
- Other operating charges -€666
down €666 (-27.7%), from €2,400 to €1,734
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 | €25,746 | €31,340 | +€5,595 | +21.7% |
| Current assets | 29/58 | €25,746 | €31,340 | +€5,595 | +21.7% |
| Amounts receivable within one year | 40/41 | €14,732 | €23,492 | +€8,759 | +59.5% |
| Trade receivables | 40 | €10,973 | €20,724 | +€9,752 | +88.9% |
| Other amounts receivable | 41 | €3,760 | €2,768 | -€992 | -26.4% |
| Cash at bank and in hand | 54/58 | €11,013 | €7,849 | -€3,165 | -28.7% |
| Total equity and liabilities | 10/49 | €25,746 | €31,340 | +€5,595 | +21.7% |
| Equity | 10/15 | -€84,192 | -€68,136 | +€16,056 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,792 | -€86,736 | +€16,056 | +15.6% |
| Amounts payable | 17/49 | €109,937 | €99,476 | -€10,461 | -9.5% |
| Amounts payable after more than one year | 17 | €86,741 | €73,488 | -€13,253 | -15.3% |
| Financial debts | 170/4 | €1,915 | €0 | -€1,915 | -100% |
| Other amounts payable | 178/9 | €84,826 | €73,488 | -€11,338 | -13.4% |
| Amounts payable within one year | 42/48 | €23,196 | €25,988 | +€2,792 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €3,253 | €1,915 | -€1,338 | -41.1% |
| Trade debts | 44 | €15,519 | €10,170 | -€5,349 | -34.5% |
| Suppliers | 440/4 | €15,519 | €10,170 | -€5,349 | -34.5% |
| Taxes, remuneration and social security | 45 | €4,424 | €13,904 | +€9,479 | +214% |
| Taxes | 450/3 | €4,424 | €13,904 | +€9,479 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,400 | €1,734 | -€666 | -27.7% |
| Non-recurring operating charges | 66A | €131 | €181 | +€51 | +38.9% |
| Gross operating margin | 9900 | €20,430 | €41,312 | +€20,882 | +102% |
| Operating profit (loss) | 9901 | €17,900 | €39,397 | +€21,497 | +120% |
| Financial charges | 65/66B | €5,667 | €14,141 | +€8,474 | +150% |
| Recurring financial charges | 65 | €5,667 | €14,141 | +€8,474 | +150% |
| Profit (loss) for the period before taxes | 9903 | €12,233 | €25,256 | +€13,023 | +106% |
| Income taxes | 67/77 | €3,850 | €9,200 | +€5,350 | +139% |
| Profit (loss) for the period | 9904 | €8,383 | €16,056 | +€7,673 | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,383 | €16,056 | +€7,673 | +91.5% |
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 21 October 2026 via checked.be.