DAVINIA HORECA: 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.
DAVINIA HORECA
Largest movements
- Tangible fixed assets +€129,939
up €129,939 (+44.0%), from €295,497 to €425,436
of which Plant, machinery and equipment: +€136,185
- Cash -€12,386
down €12,386 (-42.6%), from €29,059 to €16,673
mainly Investment in fixed assets (net) (-€195,910) and Net result for the year (-€10,289)
- Debts after one year +€74,929
up €74,929 (+185%), from €40,409 to €115,338
- Current portion of long-term debt +€32,227
up €32,227 (+196%), from €16,450 to €48,678
- Trade debts +€14,752
up €14,752 (+60.3%), from €24,449 to €39,201
- Other debts +€13,582
up €13,582 (+53.2%), from €25,534 to €39,116
- Reserves -€7,662
down €7,662 (-12.1%), from €63,487 to €55,826
of which Tax-exempt reserves: -€7,662
- Gross operating margin +€33,357
up €33,357 (+18.3%), from €182,329 to €215,686
- Staff costs +€30,951
up €30,951 (+25.2%), from €122,823 to €153,773
- Depreciation +€3,964
up €3,964 (+6.4%), from €62,007 to €65,971
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 | €336,806 | €454,639 | +€117,833 | +35.0% |
| Fixed assets | 21/28 | €295,547 | €425,486 | +€129,939 | +44.0% |
| Tangible fixed assets | 22/27 | €295,497 | €425,436 | +€129,939 | +44.0% |
| Land and buildings | 22 | €222,096 | €225,713 | +€3,617 | +1.6% |
| Plant, machinery and equipment | 23 | €50,677 | €186,862 | +€136,185 | +269% |
| Furniture and vehicles | 24 | €22,725 | €12,861 | -€9,863 | -43.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €41,259 | €29,153 | -€12,106 | -29.3% |
| Amounts receivable within one year | 40/41 | €9,842 | €10,287 | +€445 | +4.5% |
| Trade receivables | 40 | €9,842 | €2,743 | -€7,099 | -72.1% |
| Other amounts receivable | 41 | - | €7,544 | +€7,544 | |
| Cash at bank and in hand | 54/58 | €29,059 | €16,673 | -€12,386 | -42.6% |
| Deferred charges and accrued income | 490/1 | €2,358 | €2,193 | -€164 | -7.0% |
| Total equity and liabilities | 10/49 | €336,806 | €454,639 | +€117,833 | +35.0% |
| Equity | 10/15 | €188,490 | €178,200 | -€10,289 | -5.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €63,487 | €55,826 | -€7,662 | -12.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,487 | €53,826 | -€7,662 | -12.5% |
| Profit (loss) carried forward | 14 | €105,002 | €102,375 | -€2,628 | -2.5% |
| Provisions and deferred taxes | 16 | €20,285 | €17,731 | -€2,554 | -12.6% |
| Deferred taxes | 168 | €20,285 | €17,731 | -€2,554 | -12.6% |
| Amounts payable | 17/49 | €128,032 | €258,707 | +€130,676 | +102% |
| Amounts payable after more than one year | 17 | €40,409 | €115,338 | +€74,929 | +185% |
| Financial debts | 170/4 | €40,409 | €115,338 | +€74,929 | +185% |
| Amounts payable within one year | 42/48 | €86,521 | €141,823 | +€55,302 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €16,450 | €48,678 | +€32,227 | +196% |
| Trade debts | 44 | €24,449 | €39,201 | +€14,752 | +60.3% |
| Suppliers | 440/4 | €24,449 | €39,201 | +€14,752 | +60.3% |
| Taxes, remuneration and social security | 45 | €20,088 | €14,828 | -€5,260 | -26.2% |
| Taxes | 450/3 | €1,103 | €731 | -€372 | -33.8% |
| Remuneration and social security | 454/9 | €18,985 | €14,097 | -€4,887 | -25.7% |
| Other amounts payable | 47/48 | €25,534 | €39,116 | +€13,582 | +53.2% |
| Accrued charges and deferred income | 492/3 | €1,101 | €1,546 | +€445 | +40.4% |
| Remuneration, social security and pensions | 62 | €122,823 | €153,773 | +€30,951 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,007 | €65,971 | +€3,964 | +6.4% |
| Other operating charges | 640/8 | €3,496 | €3,542 | +€46 | +1.3% |
| Gross operating margin | 9900 | €182,329 | €215,686 | +€33,357 | +18.3% |
| Operating profit (loss) | 9901 | -€5,996 | -€7,600 | -€1,604 | -26.7% |
| Financial income | 75/76B | €119 | €88 | -€31 | -26.1% |
| Recurring financial income | 75 | €119 | €88 | -€31 | -26.1% |
| Financial charges | 65/66B | €3,635 | €5,066 | +€1,430 | +39.3% |
| Recurring financial charges | 65 | €3,635 | €5,066 | +€1,430 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,512 | -€12,578 | -€3,065 | -32.2% |
| Transfer from deferred taxes | 780 | €2,554 | €2,554 | = | 0.0% |
| Income taxes | 67/77 | €267 | €265 | -€2 | -0.6% |
| Profit (loss) for the period | 9904 | -€7,226 | -€10,289 | -€3,064 | -42.4% |
| Transfer from tax-exempt reserves | 789 | €7,662 | €7,662 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €436 | -€2,628 | -€3,064 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.