DAVIN ASSURANCES: 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.
DAVIN ASSURANCES
Largest movements
- Tangible fixed assets +€50,627
up €50,627 (+129.4%), from €39,121 to €89,748
of which Furniture and vehicles: +€54,141
- Cash -€3,599
down €3,599 (-6.5%), from €55,356 to €51,757
mainly Investment in fixed assets (net) (-€77,475) and Other debts (-€3,841)
- Deferred charges and accrued income +€3,456
up €3,456 (+132.5%), from €2,608 to €6,063
- Debts after one year +€27,668
up €27,668 (+677.3%), from €4,085 to €31,752
- Reserves +€24,000
up €24,000 (+71.9%), from €33,359 to €57,359
of which Distributable reserves: +€24,000
- Tax, wage and social debts +€6,159
up €6,159 (+82.7%), from €7,446 to €13,604
of which Taxes: +€6,889
- Other debts -€3,841
down €3,841 (-98.5%), from €3,898 to €57
- Current portion of long-term debt -€2,928
down €2,928 (-24.5%), from €11,948 to €9,020
- Gross operating margin +€28,605
up €28,605 (+55.7%), from €51,336 to €79,941
- Depreciation +€11,779
up €11,779 (+78.2%), from €15,069 to €26,848
- Other operating charges +€5,523
up €5,523 (+166.3%), from €3,320 to €8,843
- Taxes +€4,607
up €4,607 (+58.3%), from €7,897 to €12,504
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 | €127,890 | €180,143 | +€52,253 | +40.9% |
| Fixed assets | 21/28 | €39,246 | €89,873 | +€50,627 | +129.0% |
| Tangible fixed assets | 22/27 | €39,121 | €89,748 | +€50,627 | +129.4% |
| Land and buildings | 22 | €23,363 | €20,791 | -€2,572 | -11.0% |
| Furniture and vehicles | 24 | €11,912 | €66,053 | +€54,141 | +454.5% |
| Leasing and similar rights | 25 | €3,846 | €2,904 | -€942 | -24.5% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €88,644 | €90,269 | +€1,626 | +1.8% |
| Amounts receivable within one year | 40/41 | €24,287 | €26,056 | +€1,769 | +7.3% |
| Trade receivables | 40 | €24,287 | €26,056 | +€1,769 | +7.3% |
| Current investments | 50/53 | €6,393 | €6,393 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,356 | €51,757 | -€3,599 | -6.5% |
| Deferred charges and accrued income | 490/1 | €2,608 | €6,063 | +€3,456 | +132.5% |
| Total equity and liabilities | 10/49 | €127,890 | €180,143 | +€52,253 | +40.9% |
| Equity | 10/15 | €94,588 | €119,228 | +€24,640 | +26.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €33,359 | €57,359 | +€24,000 | +71.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €31,500 | €55,500 | +€24,000 | +76.2% |
| Profit (loss) carried forward | 14 | €55,032 | €55,671 | +€640 | +1.2% |
| Amounts payable | 17/49 | €33,302 | €60,915 | +€27,613 | +82.9% |
| Amounts payable after more than one year | 17 | €4,085 | €31,752 | +€27,668 | +677.3% |
| Financial debts | 170/4 | €4,085 | €31,752 | +€27,668 | +677.3% |
| Amounts payable within one year | 42/48 | €29,185 | €29,162 | -€23 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €11,948 | €9,020 | -€2,928 | -24.5% |
| Trade debts | 44 | €5,893 | €6,481 | +€588 | +10.0% |
| Suppliers | 440/4 | €5,893 | €6,481 | +€588 | +10.0% |
| Taxes, remuneration and social security | 45 | €7,446 | €13,604 | +€6,159 | +82.7% |
| Taxes | 450/3 | €4,782 | €11,671 | +€6,889 | +144.1% |
| Remuneration and social security | 454/9 | €2,664 | €1,933 | -€730 | -27.4% |
| Other amounts payable | 47/48 | €3,898 | €57 | -€3,841 | -98.5% |
| Accrued charges and deferred income | 492/3 | €32 | €0 | -€32 | -100.0% |
| Non-recurring operating income | 76A | - | €24,000 | +€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,069 | €26,848 | +€11,779 | +78.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,320 | €8,843 | +€5,523 | +166.3% |
| Non-recurring operating charges | 66A | €6,046 | €5,951 | -€95 | -1.6% |
| Gross operating margin | 9900 | €51,336 | €79,941 | +€28,605 | +55.7% |
| Operating profit (loss) | 9901 | €26,901 | €38,299 | +€11,398 | +42.4% |
| Financial income | 75/76B | €37 | €216 | +€179 | +483.3% |
| Recurring financial income | 75 | €37 | €216 | +€179 | +483.3% |
| Financial charges | 65/66B | €1,153 | €1,872 | +€719 | +62.3% |
| Recurring financial charges | 65 | €1,153 | €1,872 | +€719 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €25,785 | €36,643 | +€10,858 | +42.1% |
| Income taxes | 67/77 | €7,897 | €12,504 | +€4,607 | +58.3% |
| Profit (loss) for the period | 9904 | €17,888 | €24,139 | +€6,251 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,888 | €24,139 | +€6,251 | +34.9% |
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 4 October 2026 via checked.be.