DAVID IVEN: 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 IVEN
Largest movements
- Tangible fixed assets -€12,467
down €12,467 (-22.7%), from €54,921 to €42,454
- Cash +€11,541
up €11,541 (+288%), from €4,011 to €15,553
mainly Depreciation (+€17,846) and Net result for the year (+€12,671)
- Receivables within one year +€3,175
up €3,175 (+12.1%), from €26,257 to €29,432
of which Trade receivables: +€3,115
- Stocks and contracts -€1,421
down €1,421 (-22.4%), from €6,357 to €4,936
- Debts after one year -€19,045
down €19,045 (-36.7%), from €51,903 to €32,858
- Profit (loss) carried forward +€11,344
up €11,344 (+68.9%), from -€16,460 to -€5,116
- Current portion of long-term debt +€5,688
up €5,688 (+46.2%), from €12,312 to €18,000
- Accrued charges and deferred income +€4,846
new in 2025: €4,846
- Other debts -€1,024
down €1,024 (-25.8%), from €3,969 to €2,945
- Purchases and services -€29,445
down €29,445 (-23.5%), from €125,346 to €95,902
- Gross operating margin +€29,269
up €29,269 (+398%), from €7,360 to €36,629
- Depreciation -€7,723
down €7,723 (-30.2%), from €25,569 to €17,846
- Taxes +€1,986
up €1,986 (+438%), from €453 to €2,439
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 | €100,643 | €101,126 | +€484 | +0.5% |
| Fixed assets | 21/28 | €55,306 | €42,589 | -€12,717 | -23.0% |
| Tangible fixed assets | 22/27 | €54,921 | €42,454 | -€12,467 | -22.7% |
| Land and buildings | 22 | €39,275 | €33,371 | -€5,904 | -15.0% |
| Plant, machinery and equipment | 23 | €7,188 | €5,624 | -€1,564 | -21.8% |
| Furniture and vehicles | 24 | €8,458 | €3,459 | -€4,999 | -59.1% |
| Financial fixed assets | 28 | €385 | €135 | -€250 | -64.9% |
| Current assets | 29/58 | €45,337 | €58,537 | +€13,200 | +29.1% |
| Stocks and contracts in progress | 3 | €6,357 | €4,936 | -€1,421 | -22.4% |
| Stocks | 30/36 | €6,357 | €4,936 | -€1,421 | -22.4% |
| Amounts receivable within one year | 40/41 | €26,257 | €29,432 | +€3,175 | +12.1% |
| Trade receivables | 40 | €26,257 | €29,372 | +€3,115 | +11.9% |
| Other amounts receivable | 41 | - | €61 | +€61 | |
| Cash at bank and in hand | 54/58 | €4,011 | €15,553 | +€11,541 | +288% |
| Deferred charges and accrued income | 490/1 | €8,712 | €8,617 | -€95 | -1.1% |
| Total equity and liabilities | 10/49 | €100,643 | €101,126 | +€484 | +0.5% |
| Equity | 10/15 | €22,026 | €33,370 | +€11,344 | +51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,886 | €19,886 | = | 0.0% |
| Distributable reserves | 133 | €19,886 | €19,886 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,460 | -€5,116 | +€11,344 | +68.9% |
| Amounts payable | 17/49 | €78,616 | €67,756 | -€10,860 | -13.8% |
| Amounts payable after more than one year | 17 | €51,903 | €32,858 | -€19,045 | -36.7% |
| Financial debts | 170/4 | €51,903 | €32,858 | -€19,045 | -36.7% |
| Amounts payable within one year | 42/48 | €26,713 | €30,052 | +€3,340 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €12,312 | €18,000 | +€5,688 | +46.2% |
| Trade debts | 44 | €2,641 | €2,277 | -€364 | -13.8% |
| Suppliers | 440/4 | €2,641 | €2,277 | -€364 | -13.8% |
| Taxes, remuneration and social security | 45 | €7,791 | €6,831 | -€960 | -12.3% |
| Taxes | 450/3 | €5,670 | €4,703 | -€968 | -17.1% |
| Remuneration and social security | 454/9 | €2,121 | €2,128 | +€7 | +0.3% |
| Other amounts payable | 47/48 | €3,969 | €2,945 | -€1,024 | -25.8% |
| Accrued charges and deferred income | 492/3 | - | €4,846 | +€4,846 | |
| Turnover | 70 | €129,631 | €129,282 | -€349 | -0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €125,346 | €95,902 | -€29,445 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,569 | €17,846 | -€7,723 | -30.2% |
| Other operating charges | 640/8 | €1,639 | €1,585 | -€54 | -3.3% |
| Gross operating margin | 9900 | €7,360 | €36,629 | +€29,269 | +398% |
| Operating profit (loss) | 9901 | -€19,849 | €17,198 | +€37,046 | |
| Financial charges | 65/66B | €1,225 | €2,087 | +€862 | +70.4% |
| Recurring financial charges | 65 | €1,225 | €2,087 | +€862 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,074 | €15,110 | +€36,184 | |
| Transfer from deferred taxes | 780 | €2,755 | - | -€2,755 | |
| Income taxes | 67/77 | €453 | €2,439 | +€1,986 | +438% |
| Profit (loss) for the period | 9904 | -€18,772 | €12,671 | +€31,443 | |
| Transfer from tax-exempt reserves | 789 | €11,021 | - | -€11,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,750 | €12,671 | +€20,421 |
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 20 October 2026 via checked.be.