DAVIDE: 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.
DAVIDE
Largest movements
- Receivables within one year -€24,729
down €24,729 (-68.4%), from €36,148 to €11,418
of which Trade receivables: -€30,148
- Tangible fixed assets -€21,584
down €21,584 (-3.0%), from €727,665 to €706,081
of which Land and buildings: -€20,959
- Debts after one year -€21,870
down €21,870 (-2.8%), from €782,103 to €760,233
of which Financial debts: -€16,174
- Tax, wage and social debts -€10,288
down €10,288 (-100%), from €10,288 to €0
of which Taxes: -€7,694
- Profit (loss) carried forward -€8,447
down €8,447 (-9.8%), from -€86,327 to -€94,774
- Gross operating margin -€31,575
down €31,575 (-57.9%), from €54,561 to €22,986
- Other operating charges +€2,183
up €2,183 (+57.7%), from €3,782 to €5,965
- Financial charges -€662
down €662 (-14.6%), from €4,546 to €3,883
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 | €763,930 | €717,667 | -€46,263 | -6.1% |
| Fixed assets | 21/28 | €727,665 | €706,081 | -€21,584 | -3.0% |
| Tangible fixed assets | 22/27 | €727,665 | €706,081 | -€21,584 | -3.0% |
| Land and buildings | 22 | €714,261 | €693,302 | -€20,959 | -2.9% |
| Other tangible fixed assets | 26 | €13,405 | €12,779 | -€626 | -4.7% |
| Current assets | 29/58 | €36,265 | €11,586 | -€24,678 | -68.1% |
| Amounts receivable within one year | 40/41 | €36,148 | €11,418 | -€24,729 | -68.4% |
| Trade receivables | 40 | €36,148 | €6,000 | -€30,148 | -83.4% |
| Other amounts receivable | 41 | - | €5,418 | +€5,418 | |
| Current investments | 50/53 | €49 | €0 | -€49 | -100% |
| Cash at bank and in hand | 54/58 | €69 | €168 | +€99 | +144% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €763,930 | €717,667 | -€46,263 | -6.1% |
| Equity | 10/15 | -€58,225 | -€66,672 | -€8,447 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,502 | €9,502 | = | 0.0% |
| Non-distributable reserves | 130/1 | €567 | €567 | = | 0.0% |
| Reserves not available under the articles | 1311 | €567 | €567 | = | 0.0% |
| Distributable reserves | 133 | €8,935 | €8,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,327 | -€94,774 | -€8,447 | -9.8% |
| Amounts payable | 17/49 | €822,155 | €784,339 | -€37,816 | -4.6% |
| Amounts payable after more than one year | 17 | €782,103 | €760,233 | -€21,870 | -2.8% |
| Financial debts | 170/4 | €179,204 | €163,029 | -€16,174 | -9.0% |
| Other amounts payable | 178/9 | €602,900 | €597,204 | -€5,696 | -0.9% |
| Amounts payable within one year | 42/48 | €40,052 | €24,106 | -€15,946 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €15,908 | €16,174 | +€266 | +1.7% |
| Trade debts | 44 | €5,728 | €79 | -€5,649 | -98.6% |
| Suppliers | 440/4 | €5,728 | €79 | -€5,649 | -98.6% |
| Taxes, remuneration and social security | 45 | €10,288 | €0 | -€10,288 | -100% |
| Taxes | 450/3 | €7,694 | €0 | -€7,694 | -100% |
| Remuneration and social security | 454/9 | €2,594 | €0 | -€2,594 | -100% |
| Other amounts payable | 47/48 | €8,128 | €7,853 | -€275 | -3.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,584 | €21,584 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,782 | €5,965 | +€2,183 | +57.7% |
| Gross operating margin | 9900 | €54,561 | €22,986 | -€31,575 | -57.9% |
| Operating profit (loss) | 9901 | €29,195 | -€4,563 | -€33,758 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,546 | €3,883 | -€662 | -14.6% |
| Recurring financial charges | 65 | €4,546 | €3,883 | -€662 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €24,649 | -€8,447 | -€33,096 | |
| Profit (loss) for the period | 9904 | €24,649 | -€8,447 | -€33,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,649 | -€8,447 | -€33,096 |
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 16 October 2026 via checked.be.