DAVINA: 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.
DAVINA
Largest movements
- Tangible fixed assets -€78,489
down €78,489 (-16.3%), from €482,552 to €404,062
of which Plant, machinery and equipment: -€63,571
- Receivables within one year +€37,745
up €37,745 (+147.3%), from €25,631 to €63,376
of which Other amounts receivable: +€47,416
- Cash -€28,726
down €28,726 (-9.8%), from €293,820 to €265,094
mainly Debts after one year (-€81,736) and Receivables within one year (-€37,745)
- Stocks and contracts -€15,633
down €15,633 (-10.7%), from €146,481 to €130,848
- Debts after one year -€81,736
down €81,736 (-16.9%), from €482,687 to €400,951
- Trade debts -€19,052
down €19,052 (-24.4%), from €77,935 to €58,883
- Accrued charges and deferred income +€10,604
up €10,604, from €0 to €10,604
- Gross operating margin -€58,542
down €58,542 (-19.8%), from €295,518 to €236,976
- Staff costs +€16,774
up €16,774 (+14.3%), from €117,593 to €134,367
- Taxes -€12,749
down €12,749 (-75.9%), from €16,787 to €4,038
- Other operating charges -€11,033
down €11,033 (-81.5%), from €13,544 to €2,511
- Depreciation +€7,237
up €7,237 (+9.5%), from €76,199 to €83,436
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 | €960,388 | €873,897 | -€86,491 | -9.0% |
| Formation expenses | 20 | €6,905 | €5,939 | -€966 | -14.0% |
| Fixed assets | 21/28 | €487,552 | €408,362 | -€79,189 | -16.2% |
| Intangible fixed assets | 21 | €3,500 | €2,800 | -€700 | -20.0% |
| Tangible fixed assets | 22/27 | €482,552 | €404,062 | -€78,489 | -16.3% |
| Plant, machinery and equipment | 23 | €424,978 | €361,407 | -€63,571 | -15.0% |
| Furniture and vehicles | 24 | €4,110 | €2,289 | -€1,821 | -44.3% |
| Leasing and similar rights | 25 | €53,463 | €40,366 | -€13,097 | -24.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €465,932 | €459,595 | -€6,336 | -1.4% |
| Stocks and contracts in progress | 3 | €146,481 | €130,848 | -€15,633 | -10.7% |
| Stocks | 30/36 | €146,481 | €130,848 | -€15,633 | -10.7% |
| Amounts receivable within one year | 40/41 | €25,631 | €63,376 | +€37,745 | +147.3% |
| Trade receivables | 40 | €12,614 | €2,944 | -€9,671 | -76.7% |
| Other amounts receivable | 41 | €13,016 | €60,432 | +€47,416 | +364.3% |
| Cash at bank and in hand | 54/58 | €293,820 | €265,094 | -€28,726 | -9.8% |
| Deferred charges and accrued income | 490/1 | €0 | €277 | +€277 | |
| Total equity and liabilities | 10/49 | €960,388 | €873,897 | -€86,491 | -9.0% |
| Equity | 10/15 | €289,237 | €292,018 | +€2,781 | +1.0% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €170,771 | €170,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €170,771 | €170,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,466 | €90,246 | +€2,781 | +3.2% |
| Amounts payable | 17/49 | €671,151 | €581,879 | -€89,272 | -13.3% |
| Amounts payable after more than one year | 17 | €482,687 | €400,951 | -€81,736 | -16.9% |
| Financial debts | 170/4 | €482,687 | €400,951 | -€81,736 | -16.9% |
| Amounts payable within one year | 42/48 | €188,464 | €170,324 | -€18,140 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €76,045 | €81,736 | +€5,691 | +7.5% |
| Trade debts | 44 | €77,935 | €58,883 | -€19,052 | -24.4% |
| Suppliers | 440/4 | €77,935 | €58,883 | -€19,052 | -24.4% |
| Taxes, remuneration and social security | 45 | €34,483 | €29,704 | -€4,779 | -13.9% |
| Taxes | 450/3 | €8,593 | €2,987 | -€5,606 | -65.2% |
| Remuneration and social security | 454/9 | €25,890 | €26,718 | +€828 | +3.2% |
| Accrued charges and deferred income | 492/3 | €0 | €10,604 | +€10,604 | |
| Non-recurring operating income | 76A | €2,893 | €0 | -€2,893 | -100.0% |
| Remuneration, social security and pensions | 62 | €117,593 | €134,367 | +€16,774 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,199 | €83,436 | +€7,237 | +9.5% |
| Other operating charges | 640/8 | €13,544 | €2,511 | -€11,033 | -81.5% |
| Non-recurring operating charges | 66A | €74 | €0 | -€74 | -100.0% |
| Gross operating margin | 9900 | €295,518 | €236,976 | -€58,542 | -19.8% |
| Operating profit (loss) | 9901 | €88,109 | €16,663 | -€71,446 | -81.1% |
| Financial income | 75/76B | €1,563 | €2,751 | +€1,187 | +76.0% |
| Recurring financial income | 75 | €1,563 | €2,751 | +€1,187 | +76.0% |
| Financial charges | 65/66B | €9,340 | €12,595 | +€3,255 | +34.9% |
| Recurring financial charges | 65 | €9,340 | €12,595 | +€3,255 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €80,332 | €6,819 | -€73,514 | -91.5% |
| Income taxes | 67/77 | €16,787 | €4,038 | -€12,749 | -75.9% |
| Profit (loss) for the period | 9904 | €63,546 | €2,781 | -€60,765 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,546 | €2,781 | -€60,765 | -95.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.