DAVID DELAVIGNETTE: 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 DELAVIGNETTE
Largest movements
- Receivables within one year -€33,262
down €33,262 (-62.4%), from €53,318 to €20,056
of which Other amounts receivable: -€23,588
- Cash +€3,843
up €3,843 (+62.0%), from €6,201 to €10,043
mainly Receivables within one year (+€33,262) and Depreciation (+€7,545)
- Stocks and contracts +€3,500
new in 2025: €3,500
- Tangible fixed assets +€2,810
up €2,810 (+10.1%), from €27,816 to €30,626
of which Plant, machinery and equipment: +€7,893
- Trade debts -€22,136
down €22,136 (-83.9%), from €26,372 to €4,236
- Other debts -€8,252
down €8,252 (-76.5%), from €10,781 to €2,530
- Tax, wage and social debts +€6,211
up €6,211 (+114%), from €5,452 to €11,663
of which Taxes: +€10,528
- Profit (loss) carried forward +€2,133
up €2,133 (+45.1%), from €4,729 to €6,862
- Gross operating margin -€58,873
down €58,873 (-72.5%), from €81,244 to €22,372
- Staff costs -€19,513
down €19,513 (-69.3%), from €28,161 to €8,648
- Taxes -€10,956
down €10,956, from €10,686 to -€270
- Depreciation +€5,601
up €5,601 (+288%), from €1,944 to €7,545
- Financial charges +€3,189
up €3,189 (+1,123%), from €284 to €3,473
of which Financial charges: +€3,470
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 | €87,334 | €65,291 | -€22,043 | -25.2% |
| Fixed assets | 21/28 | €27,816 | €30,831 | +€3,015 | +10.8% |
| Tangible fixed assets | 22/27 | €27,816 | €30,626 | +€2,810 | +10.1% |
| Plant, machinery and equipment | 23 | €11,370 | €19,262 | +€7,893 | +69.4% |
| Furniture and vehicles | 24 | €16,446 | €11,364 | -€5,083 | -30.9% |
| Financial fixed assets | 28 | - | €205 | +€205 | |
| Current assets | 29/58 | €59,519 | €34,460 | -€25,058 | -42.1% |
| Stocks and contracts in progress | 3 | - | €3,500 | +€3,500 | |
| Stocks | 30/36 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | €53,318 | €20,056 | -€33,262 | -62.4% |
| Trade receivables | 40 | €25,157 | €15,484 | -€9,674 | -38.5% |
| Other amounts receivable | 41 | €28,161 | €4,573 | -€23,588 | -83.8% |
| Cash at bank and in hand | 54/58 | €6,201 | €10,043 | +€3,843 | +62.0% |
| Deferred charges and accrued income | 490/1 | - | €860 | +€860 | |
| Total equity and liabilities | 10/49 | €87,334 | €65,291 | -€22,043 | -25.2% |
| Equity | 10/15 | €44,729 | €46,862 | +€2,133 | +4.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,729 | €6,862 | +€2,133 | +45.1% |
| Amounts payable | 17/49 | €42,605 | €18,429 | -€24,176 | -56.7% |
| Amounts payable within one year | 42/48 | €42,605 | €18,429 | -€24,176 | -56.7% |
| Trade debts | 44 | €26,372 | €4,236 | -€22,136 | -83.9% |
| Suppliers | 440/4 | €26,372 | €4,236 | -€22,136 | -83.9% |
| Taxes, remuneration and social security | 45 | €5,452 | €11,663 | +€6,211 | +114% |
| Taxes | 450/3 | - | €10,528 | +€10,528 | |
| Remuneration and social security | 454/9 | €5,452 | €1,136 | -€4,316 | -79.2% |
| Other amounts payable | 47/48 | €10,781 | €2,530 | -€8,252 | -76.5% |
| Remuneration, social security and pensions | 62 | €28,161 | €8,648 | -€19,513 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,944 | €7,545 | +€5,601 | +288% |
| Other operating charges | 640/8 | €567 | €1,525 | +€958 | +169% |
| Gross operating margin | 9900 | €81,244 | €22,372 | -€58,873 | -72.5% |
| Operating profit (loss) | 9901 | €50,572 | €4,653 | -€45,918 | -90.8% |
| Financial income | 75/76B | €127 | €682 | +€555 | +437% |
| Recurring financial income | 75 | €127 | €682 | +€555 | +437% |
| Non-recurring financial income | 76B | €127 | - | -€127 | |
| Financial charges | 65/66B | €284 | €3,473 | +€3,189 | +1,123% |
| Recurring financial charges | 65 | €3 | €3,473 | +€3,470 | +114,900% |
| Non-recurring financial charges | 66B | €281 | - | -€281 | |
| Profit (loss) for the period before taxes | 9903 | €50,415 | €1,862 | -€48,552 | -96.3% |
| Income taxes | 67/77 | €10,686 | -€270 | -€10,956 | |
| Profit (loss) for the period | 9904 | €39,729 | €2,133 | -€37,597 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,729 | €2,133 | -€37,597 | -94.6% |
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 30 October 2026 via checked.be.