DAVIDESPRESSO: what changed
Two fiscal 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.
What changed
DAVIDESPRESSO
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€125,850
2024 · €27,729+€98,120
Equity
-€203,303
2024 · -€329,153+€125,850
Cash
€384
2024 · €230+€154
Balance sheet total
€86,999
2024 · €113,613-€26,614
Largest movements
Assets
- Receivables within one year -€27,089
down €27,089 (-42.5%), from €63,716 to €36,626
of which Trade receivables: -€34,635
Equity and liabilities
- Profit (loss) carried forward +€125,850
up €125,850 (+35.2%), from -€357,108 to -€231,259
- Debts after one year -€113,843
down €113,843 (-33.3%), from €341,871 to €228,028
- Short-term financial debts -€34,338
down €34,338 (-68.7%), from €49,971 to €15,633
- Other debts +€16,836
up €16,836 (+880.6%), from €1,912 to €18,748
- Trade debts -€14,424
down €14,424 (-47.1%), from €30,608 to €16,184
Income statement
- Gross operating margin +€94,792
up €94,792 (+105.4%), from €89,950 to €184,743
- Financial charges -€3,392
down €3,392 (-49.4%), from €6,868 to €3,476
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.
Result 2024
€27,729
Gross operating margin
+€94,792
Staff costs
+€140
Depreciation
-€147
Other operating charges
+€58
Financial income
-€115
Financial charges
+€3,392
Result 2025
€125,850
Cash bridge derived
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.
From operations
+€157,472
Investment
-€9,137
Financing
-€148,181
Cash 2024
€230
From operations (derived)
+€157,472
Net result for the year
+€125,850
Depreciation
+€8,030
Stocks and contracts
+€1,129
Receivables within one year
+€27,089
Deferred charges and accrued income
-€344
Trade debts
-€14,424
Tax, wage and social debts
-€5,770
Other debts
+€16,836
Accrued charges and deferred income
-€924
Investment (derived)
-€9,137
Investment in fixed assets (net)
-€9,137
Financing
-€148,181
Debts after one year
-€113,843
Short-term financial debts
-€34,338
Cash 2025
€384
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,613 | €86,999 | -€26,614 | -23.4% |
| Fixed assets | 21/28 | €16,182 | €17,289 | +€1,107 | +6.8% |
| Tangible fixed assets | 22/27 | €10,932 | €12,039 | +€1,107 | +10.1% |
| Plant, machinery and equipment | 23 | €958 | €183 | -€775 | -80.9% |
| Furniture and vehicles | 24 | €6,102 | €6,908 | +€806 | +13.2% |
| Other tangible fixed assets | 26 | €3,872 | €4,948 | +€1,076 | +27.8% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €97,431 | €69,710 | -€27,721 | -28.5% |
| Stocks and contracts in progress | 3 | €31,157 | €30,028 | -€1,129 | -3.6% |
| Stocks | 30/36 | €31,157 | €30,028 | -€1,129 | -3.6% |
| Amounts receivable within one year | 40/41 | €63,716 | €36,626 | -€27,089 | -42.5% |
| Trade receivables | 40 | €53,100 | €18,465 | -€34,635 | -65.2% |
| Other amounts receivable | 41 | €10,616 | €18,161 | +€7,546 | +71.1% |
| Cash at bank and in hand | 54/58 | €230 | €384 | +€154 | +66.9% |
| Deferred charges and accrued income | 490/1 | €2,328 | €2,672 | +€344 | +14.8% |
| Total equity and liabilities | 10/49 | €113,613 | €86,999 | -€26,614 | -23.4% |
| Equity | 10/15 | -€329,153 | -€203,303 | +€125,850 | +38.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,956 | €2,956 | = | 0.0% |
| Distributable reserves | 133 | €2,956 | €2,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€357,108 | -€231,259 | +€125,850 | +35.2% |
| Amounts payable | 17/49 | €442,766 | €290,302 | -€152,463 | -34.4% |
| Amounts payable after more than one year | 17 | €341,871 | €228,028 | -€113,843 | -33.3% |
| Other amounts payable | 178/9 | €341,871 | €228,028 | -€113,843 | -33.3% |
| Amounts payable within one year | 42/48 | €99,309 | €61,612 | -€37,697 | -38.0% |
| Financial debts | 43 | €49,971 | €15,633 | -€34,338 | -68.7% |
| Credit institutions | 430/8 | €49,971 | €15,633 | -€34,338 | -68.7% |
| Trade debts | 44 | €30,608 | €16,184 | -€14,424 | -47.1% |
| Suppliers | 440/4 | €30,608 | €16,184 | -€14,424 | -47.1% |
| Taxes, remuneration and social security | 45 | €16,817 | €11,047 | -€5,770 | -34.3% |
| Taxes | 450/3 | €1,206 | €1,619 | +€413 | +34.2% |
| Remuneration and social security | 454/9 | €15,611 | €9,428 | -€6,183 | -39.6% |
| Other amounts payable | 47/48 | €1,912 | €18,748 | +€16,836 | +880.6% |
| Accrued charges and deferred income | 492/3 | €1,586 | €662 | -€924 | -58.2% |
| Remuneration, social security and pensions | 62 | €47,095 | €46,955 | -€140 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,883 | €8,030 | +€147 | +1.9% |
| Other operating charges | 640/8 | €494 | €435 | -€58 | -11.8% |
| Gross operating margin | 9900 | €89,950 | €184,743 | +€94,792 | +105.4% |
| Operating profit (loss) | 9901 | €34,478 | €129,322 | +€94,843 | +275.1% |
| Financial income | 75/76B | €119 | €4 | -€115 | -96.9% |
| Recurring financial income | 75 | €119 | €4 | -€115 | -96.9% |
| Financial charges | 65/66B | €6,868 | €3,476 | -€3,392 | -49.4% |
| Recurring financial charges | 65 | €6,868 | €3,476 | -€3,392 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €27,729 | €125,850 | +€98,120 | +353.9% |
| Profit (loss) for the period | 9904 | €27,729 | €125,850 | +€98,120 | +353.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,729 | €125,850 | +€98,120 | +353.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.