Davinia Martens: 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 Martens
Largest movements
- Current investments +€463,032
new in 2025: €463,032
- Cash -€387,931
down €387,931 (-59.1%), from €656,912 to €268,981
mainly Current investments (-€463,032) and Contributions, distributions and other (-€85,282)
- Receivables within one year +€37,268
up €37,268 (+411%), from €9,076 to €46,344
- Reserves +€99,854
up €99,854 (+13.0%), from €769,297 to €869,151
- Tax, wage and social debts +€18,514
up €18,514 (+588%), from €3,150 to €21,664
- Taxes +€20,302
up €20,302 (+30.3%), from €67,110 to €87,412
- Gross operating margin -€3,972
down €3,972 (-1.4%), from €275,754 to €271,782
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 | €811,121 | €924,594 | +€113,473 | +14.0% |
| Fixed assets | 21/28 | €143,639 | €142,883 | -€756 | -0.5% |
| Tangible fixed assets | 22/27 | €143,639 | €142,883 | -€756 | -0.5% |
| Land and buildings | 22 | €74,269 | €71,955 | -€2,314 | -3.1% |
| Plant, machinery and equipment | 23 | - | €5,067 | +€5,067 | |
| Furniture and vehicles | 24 | €1,656 | €668 | -€988 | -59.7% |
| Other tangible fixed assets | 26 | €67,714 | €65,193 | -€2,521 | -3.7% |
| Current assets | 29/58 | €667,482 | €781,711 | +€114,229 | +17.1% |
| Amounts receivable within one year | 40/41 | €9,076 | €46,344 | +€37,268 | +411% |
| Other amounts receivable | 41 | €9,076 | €46,344 | +€37,268 | +411% |
| Current investments | 50/53 | - | €463,032 | +€463,032 | |
| Cash at bank and in hand | 54/58 | €656,912 | €268,981 | -€387,931 | -59.1% |
| Deferred charges and accrued income | 490/1 | €1,494 | €3,354 | +€1,860 | +125% |
| Total equity and liabilities | 10/49 | €811,121 | €924,594 | +€113,473 | +14.0% |
| Equity | 10/15 | €781,697 | €881,551 | +€99,854 | +12.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €769,297 | €869,151 | +€99,854 | +13.0% |
| Distributable reserves | 133 | €769,297 | €869,151 | +€99,854 | +13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €10,788 | €10,788 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,788 | €10,788 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,788 | €10,788 | = | 0.0% |
| Amounts payable | 17/49 | €18,636 | €32,255 | +€13,619 | +73.1% |
| Amounts payable within one year | 42/48 | €18,636 | €30,834 | +€12,199 | +65.5% |
| Current portion of amounts payable after more than one year | 42 | €1,306 | €0 | -€1,306 | -100% |
| Trade debts | 44 | €3,827 | €4,191 | +€364 | +9.5% |
| Suppliers | 440/4 | €3,827 | €4,191 | +€364 | +9.5% |
| Taxes, remuneration and social security | 45 | €3,150 | €21,664 | +€18,514 | +588% |
| Taxes | 450/3 | €3,150 | €21,664 | +€18,514 | +588% |
| Other amounts payable | 47/48 | €10,352 | €4,980 | -€5,373 | -51.9% |
| Accrued charges and deferred income | 492/3 | - | €1,421 | +€1,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,840 | €5,823 | -€17 | -0.3% |
| Other operating charges | 640/8 | €3,691 | €3,867 | +€175 | +4.8% |
| Gross operating margin | 9900 | €275,754 | €271,782 | -€3,972 | -1.4% |
| Operating profit (loss) | 9901 | €266,223 | €262,093 | -€4,130 | -1.6% |
| Financial income | 75/76B | €8,971 | €11,149 | +€2,179 | +24.3% |
| Recurring financial income | 75 | €8,971 | €11,149 | +€2,179 | +24.3% |
| Financial charges | 65/66B | €1,578 | €694 | -€884 | -56.0% |
| Recurring financial charges | 65 | €1,578 | €694 | -€884 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €273,615 | €272,548 | -€1,067 | -0.4% |
| Income taxes | 67/77 | €67,110 | €87,412 | +€20,302 | +30.3% |
| Profit (loss) for the period | 9904 | €206,505 | €185,136 | -€21,368 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €206,505 | €185,136 | -€21,368 | -10.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.