Davidsfonds Brussel: 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.
Davidsfonds Brussel
Largest movements
- Cash -€14,030
down €14,030 (-21.1%), from €66,358 to €52,327
mainly Net result for the year (-€12,498) and Trade debts (-€2,096)
- Profit (loss) carried forward -€12,498
down €12,498 (-78.2%), from -€15,991 to -€28,489
- Trade debts -€2,096
down €2,096 (-54.3%), from €3,862 to €1,766
- Gross operating margin -€16,825
down €16,825, from €2,839 to -€13,985
- Other operating charges -€2,324
down €2,324 (-82.3%), from €2,824 to €500
- Financial income +€1,914
up €1,914 (+1,196%), from €160 to €2,074
of which Non-recurring financial income: +€1,910
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 | €71,836 | €57,759 | -€14,078 | -19.6% |
| Current assets | 29/58 | €71,836 | €57,759 | -€14,078 | -19.6% |
| Amounts receivable within one year | 40/41 | €5,319 | €5,431 | +€112 | +2.1% |
| Trade receivables | 40 | €1,568 | €696 | -€872 | -55.6% |
| Other amounts receivable | 41 | €3,751 | €4,735 | +€984 | +26.2% |
| Cash at bank and in hand | 54/58 | €66,358 | €52,327 | -€14,030 | -21.1% |
| Deferred charges and accrued income | 490/1 | €160 | - | -€160 | |
| Total equity and liabilities | 10/49 | €71,836 | €57,759 | -€14,078 | -19.6% |
| Equity | 10/15 | €62,018 | €49,520 | -€12,498 | -20.2% |
| Contributions | 10/11 | €78,009 | €78,009 | = | 0.0% |
| Capital | 10 | €78,009 | €78,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,991 | -€28,489 | -€12,498 | -78.2% |
| Amounts payable | 17/49 | €9,818 | €8,239 | -€1,580 | -16.1% |
| Amounts payable within one year | 42/48 | €3,862 | €1,766 | -€2,096 | -54.3% |
| Trade debts | 44 | €3,862 | €1,766 | -€2,096 | -54.3% |
| Suppliers | 440/4 | €3,862 | €1,766 | -€2,096 | -54.3% |
| Accrued charges and deferred income | 492/3 | €5,956 | €6,472 | +€516 | +8.7% |
| Other operating charges | 640/8 | €2,824 | €500 | -€2,324 | -82.3% |
| Gross operating margin | 9900 | €2,839 | -€13,985 | -€16,825 | |
| Operating profit (loss) | 9901 | €16 | -€14,485 | -€14,501 | |
| Financial income | 75/76B | €160 | €2,074 | +€1,914 | +1,196% |
| Recurring financial income | 75 | €160 | €4 | -€156 | -97.6% |
| Non-recurring financial income | 76B | €160 | €2,070 | +€1,910 | +1,194% |
| Financial charges | 65/66B | €82 | €87 | +€4 | +5.1% |
| Recurring financial charges | 65 | €82 | €87 | +€4 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €93 | -€12,498 | -€12,591 | |
| Profit (loss) for the period | 9904 | €93 | -€12,498 | -€12,591 | |
| Profit (loss) for the period to be appropriated | 9905 | €93 | -€12,498 | -€12,591 |
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 29 October 2026 via checked.be.