DAVINS: 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.
DAVINS
Largest movements
- Receivables within one year -€165,218
down €165,218 (-15.2%), from €1.1m to €922,222
of which Other amounts receivable: -€122,530
- Tangible fixed assets -€23,844
down €23,844 (-29.2%), from €81,690 to €57,846
- Tax, wage and social debts +€577,170
up €577,170 (+1732.3%), from €33,317 to €610,487
of which Taxes: +€579,971
- Trade debts -€532,073
down €532,073 (-42.8%), from €1.2m to €711,323
- Profit (loss) carried forward -€171,169
down €171,169, from €49,027 to -€122,143
- Other debts -€55,960
down €55,960 (-49.0%), from €114,250 to €58,290
- Turnover -€194,922
down €194,922 (-35.4%), from €551,070 to €356,148
- Purchases and services -€149,754
down €149,754 (-25.8%), from €580,603 to €430,849
- Gross operating margin -€45,168
down €45,168 (-152.9%), from -€29,533 to -€74,701
- Other operating charges +€27,140
up €27,140 (+317.7%), from €8,542 to €35,682
- Staff costs -€22,849
down €22,849 (-40.1%), from €57,044 to €34,195
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 | €1,460,449 | €1,278,417 | -€182,033 | -12.5% |
| Fixed assets | 21/28 | €236,612 | €212,769 | -€23,844 | -10.1% |
| Tangible fixed assets | 22/27 | €81,690 | €57,846 | -€23,844 | -29.2% |
| Land and buildings | 22 | €81,690 | €57,846 | -€23,844 | -29.2% |
| Financial fixed assets | 28 | €154,922 | €154,922 | = | 0.0% |
| Current assets | 29/58 | €1,223,837 | €1,065,648 | -€158,189 | -12.9% |
| Stocks and contracts in progress | 3 | €135,840 | €135,840 | = | 0.0% |
| Stocks | 30/36 | €135,840 | €135,840 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,087,440 | €922,222 | -€165,218 | -15.2% |
| Trade receivables | 40 | €253,136 | €210,447 | -€42,688 | -16.9% |
| Other amounts receivable | 41 | €834,304 | €711,774 | -€122,530 | -14.7% |
| Cash at bank and in hand | 54/58 | €557 | €7,289 | +€6,732 | +1208.1% |
| Deferred charges and accrued income | 490/1 | - | €297 | +€297 | |
| Total equity and liabilities | 10/49 | €1,460,449 | €1,278,417 | -€182,033 | -12.5% |
| Equity | 10/15 | €69,487 | -€101,683 | -€171,169 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,027 | -€122,143 | -€171,169 | |
| Amounts payable | 17/49 | €1,390,963 | €1,380,099 | -€10,863 | -0.8% |
| Amounts payable within one year | 42/48 | €1,390,963 | €1,380,099 | -€10,863 | -0.8% |
| Trade debts | 44 | €1,243,396 | €711,323 | -€532,073 | -42.8% |
| Suppliers | 440/4 | €1,243,396 | €711,323 | -€532,073 | -42.8% |
| Taxes, remuneration and social security | 45 | €33,317 | €610,487 | +€577,170 | +1732.3% |
| Taxes | 450/3 | €22,242 | €602,213 | +€579,971 | +2607.5% |
| Remuneration and social security | 454/9 | €11,075 | €8,274 | -€2,801 | -25.3% |
| Other amounts payable | 47/48 | €114,250 | €58,290 | -€55,960 | -49.0% |
| Turnover | 70 | €551,070 | €356,148 | -€194,922 | -35.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €580,603 | €430,849 | -€149,754 | -25.8% |
| Remuneration, social security and pensions | 62 | €57,044 | €34,195 | -€22,849 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,844 | €23,844 | = | 0.0% |
| Other operating charges | 640/8 | €8,542 | €35,682 | +€27,140 | +317.7% |
| Non-recurring operating charges | 66A | €53 | €1,094 | +€1,041 | +1964.3% |
| Gross operating margin | 9900 | -€29,533 | -€74,701 | -€45,168 | -152.9% |
| Operating profit (loss) | 9901 | -€119,016 | -€169,516 | -€50,500 | -42.4% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €535 | €1,696 | +€1,161 | +217.0% |
| Recurring financial charges | 65 | €535 | €1,696 | +€1,161 | +217.0% |
| Profit (loss) for the period before taxes | 9903 | -€119,551 | -€171,169 | -€51,618 | -43.2% |
| Profit (loss) for the period | 9904 | -€119,551 | -€171,169 | -€51,618 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,551 | -€171,169 | -€51,618 | -43.2% |
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 4 October 2026 via checked.be.