Davion: 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.
Davion
Largest movements
- Tangible fixed assets -€10,655
down €10,655 (-3.6%), from €294,408 to €283,753
of which Land and buildings: -€7,964
- Receivables within one year -€8,832
down €8,832 (-40.9%), from €21,608 to €12,776
of which Trade receivables: -€10,658
- Profit (loss) carried forward +€29,593
up €29,593 (+30.8%), from -€95,986 to -€66,393
- Reserves -€29,381
down €29,381 (-23.1%), from €127,112 to €97,730
- Trade debts -€16,507
down €16,507 (-59.9%), from €27,557 to €11,050
- Debts after one year -€12,719
down €12,719 (-5.2%), from €244,567 to €231,848
of which Other amounts payable: -€12,719
- Tax, wage and social debts +€8,424
up €8,424 (+381%), from €2,209 to €10,633
- Gross operating margin +€62,318
up €62,318 (+2,068%), from €3,014 to €65,332
- Staff costs -€45,086
down €45,086 (-100%), from €45,086 to €0
- Financial charges +€11,822
up €11,822 (+2,388%), from €495 to €12,317
- Write-downs +€9,000
new in 2025: €9,000
- Taxes -€5,469
down €5,469 (-94.7%), from €5,777 to €308
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 | €320,489 | €299,901 | -€20,588 | -6.4% |
| Fixed assets | 21/28 | €295,253 | €284,598 | -€10,655 | -3.6% |
| Tangible fixed assets | 22/27 | €294,408 | €283,753 | -€10,655 | -3.6% |
| Land and buildings | 22 | €290,018 | €282,054 | -€7,964 | -2.7% |
| Plant, machinery and equipment | 23 | €2,265 | €1,699 | -€566 | -25.0% |
| Furniture and vehicles | 24 | €2,125 | €0 | -€2,125 | -100% |
| Financial fixed assets | 28 | €845 | €845 | = | 0.0% |
| Current assets | 29/58 | €25,236 | €15,304 | -€9,932 | -39.4% |
| Amounts receivable within one year | 40/41 | €21,608 | €12,776 | -€8,832 | -40.9% |
| Trade receivables | 40 | €21,608 | €10,950 | -€10,658 | -49.3% |
| Other amounts receivable | 41 | €0 | €1,826 | +€1,826 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,543 | €1,501 | -€1,041 | -41.0% |
| Deferred charges and accrued income | 490/1 | €1,085 | €1,026 | -€59 | -5.5% |
| Total equity and liabilities | 10/49 | €320,489 | €299,901 | -€20,588 | -6.4% |
| Equity | 10/15 | €46,126 | €46,338 | +€212 | +0.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €127,112 | €97,730 | -€29,381 | -23.1% |
| Distributable reserves | 133 | €127,112 | €97,730 | -€29,381 | -23.1% |
| Profit (loss) carried forward | 14 | -€95,986 | -€66,393 | +€29,593 | +30.8% |
| Amounts payable | 17/49 | €274,363 | €253,564 | -€20,799 | -7.6% |
| Amounts payable after more than one year | 17 | €244,567 | €231,848 | -€12,719 | -5.2% |
| Financial debts | 170/4 | €210,000 | €210,000 | = | 0.0% |
| Other amounts payable | 178/9 | €34,567 | €21,848 | -€12,719 | -36.8% |
| Amounts payable within one year | 42/48 | €29,796 | €21,716 | -€8,081 | -27.1% |
| Financial debts | 43 | €30 | €33 | +€3 | +10.0% |
| Credit institutions | 430/8 | €30 | €33 | +€3 | +10.0% |
| Trade debts | 44 | €27,557 | €11,050 | -€16,507 | -59.9% |
| Suppliers | 440/4 | €27,557 | €11,050 | -€16,507 | -59.9% |
| Taxes, remuneration and social security | 45 | €2,209 | €10,633 | +€8,424 | +381% |
| Taxes | 450/3 | €2,209 | €10,633 | +€8,424 | +381% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €45,086 | €0 | -€45,086 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,043 | €10,655 | -€388 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,000 | +€9,000 | |
| Other operating charges | 640/8 | €2,258 | €3,775 | +€1,517 | +67.2% |
| Gross operating margin | 9900 | €3,014 | €65,332 | +€62,318 | +2,068% |
| Operating profit (loss) | 9901 | -€55,373 | €41,902 | +€97,274 | |
| Financial income | 75/76B | €461 | €316 | -€145 | -31.5% |
| Recurring financial income | 75 | €461 | €316 | -€145 | -31.5% |
| Financial charges | 65/66B | €495 | €12,317 | +€11,822 | +2,388% |
| Recurring financial charges | 65 | €495 | €12,317 | +€11,822 | +2,388% |
| Profit (loss) for the period before taxes | 9903 | -€55,407 | €29,901 | +€85,308 | |
| Income taxes | 67/77 | €5,777 | €308 | -€5,469 | -94.7% |
| Profit (loss) for the period | 9904 | -€61,183 | €29,593 | +€90,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,183 | €29,593 | +€90,776 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.