DAVINCE FINITION: 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.
DAVINCE FINITION
Largest movements
- Tangible fixed assets -€1,863
down €1,863 (-13.4%), from €13,888 to €12,025
of which Other tangible fixed assets: -€1,565
- Receivables within one year -€1,495
no longer reported in 2025 (was €1,495)
of which Trade receivables: -€1,299
- Stocks and contracts +€1,350
up €1,350 (+62.8%), from €2,150 to €3,500
- Cash -€377
down €377 (-57.1%), from €660 to €283
mainly Debts after one year (-€5,439) and Current portion of long-term debt (-€1,761)
- Debts after one year -€5,439
down €5,439 (-74.9%), from €7,261 to €1,822
- Tax, wage and social debts +€3,289
up €3,289 (+75.2%), from €4,374 to €7,663
of which Taxes: +€2,893
- Current portion of long-term debt -€1,761
down €1,761 (-27.8%), from €6,345 to €4,584
- Trade debts +€1,716
new in 2025: €1,716
- Other debts -€1,407
down €1,407 (-35.6%), from €3,951 to €2,544
- Staff costs -€1,095
down €1,095 (-34.0%), from €3,222 to €2,127
- Depreciation -€729
down €729 (-28.1%), from €2,591 to €1,863
- Financial charges +€224
up €224 (+134%), from €168 to €392
- Gross operating margin +€207
up €207 (+3.8%), from €5,508 to €5,715
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 | €18,193 | €15,808 | -€2,385 | -13.1% |
| Fixed assets | 21/28 | €13,888 | €12,025 | -€1,863 | -13.4% |
| Tangible fixed assets | 22/27 | €13,888 | €12,025 | -€1,863 | -13.4% |
| Land and buildings | 22 | €894 | €596 | -€298 | -33.3% |
| Other tangible fixed assets | 26 | €12,994 | €11,429 | -€1,565 | -12.0% |
| Current assets | 29/58 | €4,305 | €3,783 | -€522 | -12.1% |
| Stocks and contracts in progress | 3 | €2,150 | €3,500 | +€1,350 | +62.8% |
| Stocks | 30/36 | €2,150 | €3,500 | +€1,350 | +62.8% |
| Amounts receivable within one year | 40/41 | €1,495 | - | -€1,495 | |
| Trade receivables | 40 | €1,299 | - | -€1,299 | |
| Other amounts receivable | 41 | €196 | - | -€196 | |
| Cash at bank and in hand | 54/58 | €660 | €283 | -€377 | -57.1% |
| Total equity and liabilities | 10/49 | €18,193 | €15,808 | -€2,385 | -13.1% |
| Equity | 10/15 | -€3,738 | -€2,522 | +€1,216 | +32.5% |
| Contributions | 10/11 | €8,360 | €8,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,098 | -€10,882 | +€1,216 | +10.1% |
| Amounts payable | 17/49 | €21,931 | €18,330 | -€3,601 | -16.4% |
| Amounts payable after more than one year | 17 | €7,261 | €1,822 | -€5,439 | -74.9% |
| Financial debts | 170/4 | €7,261 | €1,822 | -€5,439 | -74.9% |
| Amounts payable within one year | 42/48 | €14,671 | €16,508 | +€1,837 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €6,345 | €4,584 | -€1,761 | -27.8% |
| Trade debts | 44 | - | €1,716 | +€1,716 | |
| Suppliers | 440/4 | - | €1,716 | +€1,716 | |
| Taxes, remuneration and social security | 45 | €4,374 | €7,663 | +€3,289 | +75.2% |
| Taxes | 450/3 | €3,978 | €6,871 | +€2,893 | +72.7% |
| Remuneration and social security | 454/9 | €397 | €793 | +€396 | +99.7% |
| Other amounts payable | 47/48 | €3,951 | €2,544 | -€1,407 | -35.6% |
| Remuneration, social security and pensions | 62 | €3,222 | €2,127 | -€1,095 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,591 | €1,863 | -€729 | -28.1% |
| Other operating charges | 640/8 | €116 | €118 | +€2 | +1.6% |
| Gross operating margin | 9900 | €5,508 | €5,715 | +€207 | +3.8% |
| Operating profit (loss) | 9901 | -€421 | €1,608 | +€2,028 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €168 | €392 | +€224 | +134% |
| Recurring financial charges | 65 | €168 | €392 | +€224 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€583 | €1,216 | +€1,799 | |
| Profit (loss) for the period | 9904 | -€583 | €1,216 | +€1,799 | |
| Profit (loss) for the period to be appropriated | 9905 | -€583 | €1,216 | +€1,799 |
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 27 October 2026 via checked.be.