DAVIMA: 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.
DAVIMA
Largest movements
- Cash -€29,673
down €29,673 (-56.9%), from €52,166 to €22,493
mainly Contributions, distributions and other (-€60,817) and Other debts (-€30,338)
- Receivables within one year -€7,538
down €7,538 (-58.6%), from €12,862 to €5,324
- Tangible fixed assets +€1,017
up €1,017 (+4.2%), from €24,183 to €25,201
of which Furniture and vehicles: +€2,318
- Other debts -€30,338
down €30,338 (-53.7%), from €56,525 to €26,187
- Tax, wage and social debts -€5,602
down €5,602 (-46.0%), from €12,173 to €6,571
- Gross operating margin +€8,938
up €8,938 (+12.2%), from €73,316 to €82,254
- Taxes +€1,523
up €1,523 (+10.2%), from €14,925 to €16,448
- Depreciation +€1,287
up €1,287 (+39.4%), from €3,269 to €4,556
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,998 | €55,269 | -€35,729 | -39.3% |
| Fixed assets | 21/28 | €24,183 | €25,201 | +€1,017 | +4.2% |
| Tangible fixed assets | 22/27 | €24,183 | €25,201 | +€1,017 | +4.2% |
| Furniture and vehicles | 24 | €3,794 | €6,112 | +€2,318 | +61.1% |
| Other tangible fixed assets | 26 | €20,390 | €19,089 | -€1,301 | -6.4% |
| Current assets | 29/58 | €66,814 | €30,069 | -€36,746 | -55.0% |
| Amounts receivable within one year | 40/41 | €12,862 | €5,324 | -€7,538 | -58.6% |
| Trade receivables | 40 | €12,862 | €5,324 | -€7,538 | -58.6% |
| Cash at bank and in hand | 54/58 | €52,166 | €22,493 | -€29,673 | -56.9% |
| Deferred charges and accrued income | 490/1 | €1,786 | €2,251 | +€465 | +26.0% |
| Total equity and liabilities | 10/49 | €90,998 | €55,269 | -€35,729 | -39.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €72,398 | €36,669 | -€35,729 | -49.4% |
| Amounts payable within one year | 42/48 | €72,398 | €36,669 | -€35,729 | -49.4% |
| Trade debts | 44 | €3,700 | €3,912 | +€212 | +5.7% |
| Suppliers | 440/4 | €3,700 | €3,912 | +€212 | +5.7% |
| Taxes, remuneration and social security | 45 | €12,173 | €6,571 | -€5,602 | -46.0% |
| Taxes | 450/3 | €12,173 | €6,571 | -€5,602 | -46.0% |
| Other amounts payable | 47/48 | €56,525 | €26,187 | -€30,338 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,269 | €4,556 | +€1,287 | +39.4% |
| Other operating charges | 640/8 | - | €222 | +€222 | |
| Gross operating margin | 9900 | €73,316 | €82,254 | +€8,938 | +12.2% |
| Operating profit (loss) | 9901 | €70,047 | €77,475 | +€7,428 | +10.6% |
| Financial charges | 65/66B | €135 | €210 | +€75 | +55.6% |
| Recurring financial charges | 65 | €135 | €210 | +€75 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €69,912 | €77,265 | +€7,353 | +10.5% |
| Income taxes | 67/77 | €14,925 | €16,448 | +€1,523 | +10.2% |
| Profit (loss) for the period | 9904 | €54,987 | €60,817 | +€5,830 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,987 | €60,817 | +€5,830 | +10.6% |
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 29 September 2026 via checked.be.