DAVID FONDS: 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 FONDS
Largest movements
- Receivables within one year +€8,607
up €8,607 (+15.9%), from €54,120 to €62,726
of which Other amounts receivable: +€10,641
- Cash -€2,955
down €2,955 (-19.2%), from €15,389 to €12,434
mainly Contributions, distributions and other (-€12,000) and Tax, wage and social debts (-€11,061)
- Tax, wage and social debts -€11,061
down €11,061 (-62.8%), from €17,621 to €6,560
of which Taxes: -€12,575
- Other debts +€10,794
up €10,794 (+51.3%), from €21,031 to €31,826
- Profit (loss) carried forward +€5,087
up €5,087 (+17.8%), from €28,552 to €33,639
- Gross operating margin -€18,585
down €18,585 (-43.8%), from €42,449 to €23,864
- Taxes -€7,240
down €7,240 (-57.9%), from €12,514 to €5,274
- Depreciation -€499
down €499 (-59.3%), from €842 to €343
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 | €70,287 | €75,455 | +€5,168 | +7.4% |
| Fixed assets | 21/28 | €638 | €295 | -€343 | -53.7% |
| Tangible fixed assets | 22/27 | €638 | €295 | -€343 | -53.7% |
| Plant, machinery and equipment | 23 | €638 | €295 | -€343 | -53.7% |
| Current assets | 29/58 | €69,649 | €75,160 | +€5,511 | +7.9% |
| Amounts receivable within one year | 40/41 | €54,120 | €62,726 | +€8,607 | +15.9% |
| Trade receivables | 40 | €8,931 | €6,897 | -€2,034 | -22.8% |
| Other amounts receivable | 41 | €45,189 | €55,829 | +€10,641 | +23.5% |
| Cash at bank and in hand | 54/58 | €15,389 | €12,434 | -€2,955 | -19.2% |
| Deferred charges and accrued income | 490/1 | €141 | - | -€141 | |
| Total equity and liabilities | 10/49 | €70,287 | €75,455 | +€5,168 | +7.4% |
| Equity | 10/15 | €31,552 | €36,639 | +€5,087 | +16.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,552 | €33,639 | +€5,087 | +17.8% |
| Amounts payable | 17/49 | €38,735 | €38,817 | +€82 | +0.2% |
| Amounts payable within one year | 42/48 | €38,735 | €38,817 | +€82 | +0.2% |
| Trade debts | 44 | €82 | €431 | +€348 | +424% |
| Suppliers | 440/4 | €82 | €431 | +€348 | +424% |
| Taxes, remuneration and social security | 45 | €17,621 | €6,560 | -€11,061 | -62.8% |
| Taxes | 450/3 | €15,821 | €3,246 | -€12,575 | -79.5% |
| Remuneration and social security | 454/9 | €1,800 | €3,314 | +€1,514 | +84.1% |
| Other amounts payable | 47/48 | €21,031 | €31,826 | +€10,794 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842 | €343 | -€499 | -59.3% |
| Other operating charges | 640/8 | €768 | €952 | +€184 | +23.9% |
| Non-recurring operating charges | 66A | €649 | - | -€649 | |
| Gross operating margin | 9900 | €42,449 | €23,864 | -€18,585 | -43.8% |
| Operating profit (loss) | 9901 | €40,189 | €22,569 | -€17,620 | -43.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €190 | €208 | +€19 | +9.8% |
| Recurring financial charges | 65 | €190 | €208 | +€19 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €40,003 | €22,361 | -€17,642 | -44.1% |
| Income taxes | 67/77 | €12,514 | €5,274 | -€7,240 | -57.9% |
| Profit (loss) for the period | 9904 | €27,489 | €17,087 | -€10,403 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,489 | €17,087 | -€10,403 | -37.8% |
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 29 October 2026 via checked.be.