DAVINIA IMMO: 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.
DAVINIA IMMO
Largest movements
- Tangible fixed assets +€475,936
up €475,936 (+74.0%), from €643,231 to €1.1m
of which Land and buildings: +€493,276
- Receivables within one year +€34,663
up €34,663 (+71.0%), from €48,840 to €83,503
of which Other amounts receivable: +€31,840
- Cash -€22,506
down €22,506 (-82.3%), from €27,351 to €4,845
mainly Investment in fixed assets (net) (-€541,754) and Debts after one year (-€78,728)
- Revaluation surpluses +€541,754
new in 2025: €541,754
- Debts after one year -€78,728
down €78,728 (-10.1%), from €782,000 to €703,272
- Other debts +€19,207
up €19,207 (+19.8%), from €97,212 to €116,419
- Gross operating margin -€4,520
down €4,520 (-5.1%), from €88,656 to €84,136
- Financial charges -€1,419
down €1,419 (-17.2%), from €8,231 to €6,812
- Financial income +€1,361
up €1,361 (+114.2%), from €1,191 to €2,551
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 | €1,365,122 | €1,855,751 | +€490,629 | +35.9% |
| Fixed assets | 21/28 | €1,286,776 | €1,762,712 | +€475,936 | +37.0% |
| Tangible fixed assets | 22/27 | €643,231 | €1,119,167 | +€475,936 | +74.0% |
| Land and buildings | 22 | €532,043 | €1,025,318 | +€493,276 | +92.7% |
| Plant, machinery and equipment | 23 | €17,896 | €25,571 | +€7,675 | +42.9% |
| Furniture and vehicles | 24 | €93,292 | €68,277 | -€25,015 | -26.8% |
| Financial fixed assets | 28 | €643,545 | €643,545 | = | 0.0% |
| Current assets | 29/58 | €78,347 | €93,039 | +€14,693 | +18.8% |
| Amounts receivable within one year | 40/41 | €48,840 | €83,503 | +€34,663 | +71.0% |
| Trade receivables | 40 | €18,621 | €21,445 | +€2,824 | +15.2% |
| Other amounts receivable | 41 | €30,218 | €62,058 | +€31,840 | +105.4% |
| Cash at bank and in hand | 54/58 | €27,351 | €4,845 | -€22,506 | -82.3% |
| Deferred charges and accrued income | 490/1 | €2,156 | €4,691 | +€2,535 | +117.6% |
| Total equity and liabilities | 10/49 | €1,365,122 | €1,855,751 | +€490,629 | +35.9% |
| Equity | 10/15 | €379,011 | €930,373 | +€551,362 | +145.5% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €541,754 | +€541,754 | |
| Reserves | 13 | €40,350 | €33,400 | -€6,950 | -17.2% |
| Tax-exempt reserves | 132 | €40,350 | €33,400 | -€6,950 | -17.2% |
| Profit (loss) carried forward | 14 | €306,662 | €323,219 | +€16,557 | +5.4% |
| Provisions and deferred taxes | 16 | €13,450 | €11,133 | -€2,317 | -17.2% |
| Deferred taxes | 168 | €13,450 | €11,133 | -€2,317 | -17.2% |
| Amounts payable | 17/49 | €972,661 | €914,245 | -€58,416 | -6.0% |
| Amounts payable after more than one year | 17 | €782,000 | €703,272 | -€78,728 | -10.1% |
| Financial debts | 170/4 | €782,000 | €703,272 | -€78,728 | -10.1% |
| Amounts payable within one year | 42/48 | €190,661 | €210,973 | +€20,312 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €82,468 | €78,728 | -€3,740 | -4.5% |
| Trade debts | 44 | €5,319 | €9,676 | +€4,357 | +81.9% |
| Suppliers | 440/4 | €5,319 | €9,676 | +€4,357 | +81.9% |
| Taxes, remuneration and social security | 45 | €5,662 | €6,150 | +€488 | +8.6% |
| Taxes | 450/3 | €2,722 | €3,027 | +€305 | +11.2% |
| Remuneration and social security | 454/9 | €2,940 | €3,123 | +€183 | +6.2% |
| Other amounts payable | 47/48 | €97,212 | €116,419 | +€19,207 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,593 | €65,818 | +€226 | +0.3% |
| Other operating charges | 640/8 | €1,891 | €1,729 | -€162 | -8.5% |
| Gross operating margin | 9900 | €88,656 | €84,136 | -€4,520 | -5.1% |
| Operating profit (loss) | 9901 | €21,172 | €16,589 | -€4,584 | -21.6% |
| Financial income | 75/76B | €1,191 | €2,551 | +€1,361 | +114.2% |
| Recurring financial income | 75 | €1,191 | €2,551 | +€1,361 | +114.2% |
| Financial charges | 65/66B | €8,231 | €6,812 | -€1,419 | -17.2% |
| Recurring financial charges | 65 | €8,231 | €6,812 | -€1,419 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €14,132 | €12,328 | -€1,804 | -12.8% |
| Transfer from deferred taxes | 780 | €2,317 | €2,317 | = | 0.0% |
| Income taxes | 67/77 | €5,004 | €5,037 | +€34 | +0.7% |
| Profit (loss) for the period | 9904 | €11,445 | €9,607 | -€1,838 | -16.1% |
| Transfer from tax-exempt reserves | 789 | €6,950 | €6,950 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,395 | €16,557 | -€1,838 | -10.0% |
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 6 October 2026 via checked.be.