DAVIO: 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.
DAVIO
Largest movements
- Cash +€224,315
up €224,315 (+42.4%), from €528,862 to €753,177
mainly Tax, wage and social debts (+€119,899) and Net result for the year (+€96,512)
- Tax, wage and social debts +€119,899
up €119,899 (+112%), from €106,836 to €226,734
of which Remuneration and social security: +€83,285
- Reserves +€96,512
up €96,512 (+34.1%), from €282,971 to €379,483
of which Distributable reserves: +€96,512
- Trade debts +€27,723
up €27,723 (+28.4%), from €97,734 to €125,457
- Accrued charges and deferred income -€15,104
down €15,104 (-89.7%), from €16,841 to €1,737
- Staff costs -€29,740
down €29,740 (-6.7%), from €445,686 to €415,945
- Gross operating margin -€26,254
down €26,254 (-4.5%), from €589,120 to €562,866
- Taxes +€9,731
up €9,731 (+35.9%), from €27,135 to €36,865
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,518 | €762,547 | +€229,029 | +42.9% |
| Fixed assets | 21/28 | €4,066 | €8,726 | +€4,659 | +115% |
| Tangible fixed assets | 22/27 | €1,323 | €5,982 | +€4,659 | +352% |
| Plant, machinery and equipment | 23 | €1,323 | €4,205 | +€2,883 | +218% |
| Furniture and vehicles | 24 | - | €1,777 | +€1,777 | |
| Financial fixed assets | 28 | €2,744 | €2,744 | = | 0.0% |
| Current assets | 29/58 | €529,452 | €753,822 | +€224,370 | +42.4% |
| Stocks and contracts in progress | 3 | €590 | €590 | = | 0.0% |
| Stocks | 30/36 | €590 | €590 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €55 | +€55 | |
| Other amounts receivable | 41 | - | €55 | +€55 | |
| Cash at bank and in hand | 54/58 | €528,862 | €753,177 | +€224,315 | +42.4% |
| Total equity and liabilities | 10/49 | €533,518 | €762,547 | +€229,029 | +42.9% |
| Equity | 10/15 | €301,563 | €398,075 | +€96,512 | +32.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €282,971 | €379,483 | +€96,512 | +34.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,123 | €14,123 | = | 0.0% |
| Distributable reserves | 133 | €266,989 | €363,501 | +€96,512 | +36.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €3,531 | €3,531 | = | 0.0% |
| Deferred taxes | 168 | €3,531 | €3,531 | = | 0.0% |
| Amounts payable | 17/49 | €228,424 | €360,941 | +€132,517 | +58.0% |
| Amounts payable within one year | 42/48 | €211,583 | €359,205 | +€147,621 | +69.8% |
| Trade debts | 44 | €97,734 | €125,457 | +€27,723 | +28.4% |
| Suppliers | 440/4 | €97,734 | €125,457 | +€27,723 | +28.4% |
| Taxes, remuneration and social security | 45 | €106,836 | €226,734 | +€119,899 | +112% |
| Taxes | 450/3 | €21,793 | €58,407 | +€36,613 | +168% |
| Remuneration and social security | 454/9 | €85,042 | €168,328 | +€83,285 | +97.9% |
| Other amounts payable | 47/48 | €7,013 | €7,013 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,841 | €1,737 | -€15,104 | -89.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €445,686 | €415,945 | -€29,740 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,323 | €2,631 | +€1,308 | +98.9% |
| Other operating charges | 640/8 | €4,296 | €1,679 | -€2,617 | -60.9% |
| Gross operating margin | 9900 | €589,120 | €562,866 | -€26,254 | -4.5% |
| Operating profit (loss) | 9901 | €137,815 | €142,611 | +€4,795 | +3.5% |
| Financial income | 75/76B | €129 | €0 | -€128 | -99.8% |
| Recurring financial income | 75 | €129 | €0 | -€128 | -99.8% |
| Financial charges | 65/66B | €8,526 | €9,234 | +€707 | +8.3% |
| Recurring financial charges | 65 | €8,526 | €9,234 | +€707 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €129,418 | €133,377 | +€3,960 | +3.1% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €27,135 | €36,865 | +€9,731 | +35.9% |
| Profit (loss) for the period | 9904 | €102,283 | €96,512 | -€5,771 | -5.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €102,283 | €96,512 | -€5,771 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.