DAVIN CYRIL: 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 CYRIL
Largest movements
- Cash +€32,053
up €32,053 (+42.4%), from €75,668 to €107,721
mainly Net result for the year (+€36,888) and Trade debts (+€2)
- Reserves +€36,888
up €36,888 (+68.8%), from €53,578 to €90,466
- Tax, wage and social debts -€4,037
down €4,037 (-28.7%), from €14,063 to €10,027
- Gross operating margin -€20,715
down €20,715 (-30.4%), from €68,029 to €47,314
- Taxes -€4,037
down €4,037 (-28.7%), from €14,063 to €10,027
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 | €75,668 | €107,721 | +€32,053 | +42.4% |
| Current assets | 29/58 | €75,668 | €107,721 | +€32,053 | +42.4% |
| Cash at bank and in hand | 54/58 | €75,668 | €107,721 | +€32,053 | +42.4% |
| Total equity and liabilities | 10/49 | €75,668 | €107,721 | +€32,053 | +42.4% |
| Equity | 10/15 | €57,578 | €94,466 | +€36,888 | +64.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €53,578 | €90,466 | +€36,888 | +68.8% |
| Distributable reserves | 133 | €53,578 | €90,466 | +€36,888 | +68.8% |
| Amounts payable | 17/49 | €18,090 | €13,254 | -€4,835 | -26.7% |
| Amounts payable within one year | 42/48 | €18,090 | €13,254 | -€4,835 | -26.7% |
| Trade debts | 44 | €702 | €703 | +€2 | +0.2% |
| Suppliers | 440/4 | €702 | €703 | +€2 | +0.2% |
| Taxes, remuneration and social security | 45 | €14,063 | €10,027 | -€4,037 | -28.7% |
| Taxes | 450/3 | €14,063 | €10,027 | -€4,037 | -28.7% |
| Other amounts payable | 47/48 | €3,325 | €2,524 | -€800 | -24.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €68,029 | €47,314 | -€20,715 | -30.4% |
| Operating profit (loss) | 9901 | €67,642 | €46,915 | -€20,727 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €67,642 | €46,915 | -€20,727 | -30.6% |
| Income taxes | 67/77 | €14,063 | €10,027 | -€4,037 | -28.7% |
| Profit (loss) for the period | 9904 | €53,578 | €36,888 | -€16,690 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,578 | €36,888 | -€16,690 | -31.2% |
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 7 October 2026 via checked.be.