DAVISION: 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.
DAVISION
Largest movements
- Current investments +€59,218
up €59,218 (+15.6%), from €378,585 to €437,803
- Receivables within one year +€27,375
up €27,375 (+165%), from €16,560 to €43,935
of which Other amounts receivable: +€21,615
- Cash -€19,062
down €19,062 (-39.2%), from €48,627 to €29,565
mainly Current investments (-€59,218) and Receivables within one year (-€27,375)
- Tangible fixed assets -€13,231
down €13,231 (-38.9%), from €33,995 to €20,764
of which Furniture and vehicles: -€11,346
- Reserves +€48,385
up €48,385 (+10.7%), from €450,873 to €499,258
- Other debts +€5,398
up €5,398 (+62.2%), from €8,684 to €14,082
- Gross operating margin -€3,760
down €3,760 (-4.6%), from €81,431 to €77,671
- Financial income +€2,809
up €2,809 (+67.9%), from €4,139 to €6,948
- Depreciation +€924
up €924 (+6.6%), from €14,040 to €14,964
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 | €486,825 | €538,375 | +€51,550 | +10.6% |
| Fixed assets | 21/28 | €34,295 | €21,064 | -€13,231 | -38.6% |
| Tangible fixed assets | 22/27 | €33,995 | €20,764 | -€13,231 | -38.9% |
| Land and buildings | 22 | €4,546 | €3,781 | -€765 | -16.8% |
| Furniture and vehicles | 24 | €19,695 | €8,348 | -€11,346 | -57.6% |
| Other tangible fixed assets | 26 | €9,754 | €8,635 | -€1,119 | -11.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €452,530 | €517,311 | +€64,781 | +14.3% |
| Amounts receivable within one year | 40/41 | €16,560 | €43,935 | +€27,375 | +165% |
| Trade receivables | 40 | €15,246 | €21,006 | +€5,760 | +37.8% |
| Other amounts receivable | 41 | €1,314 | €22,929 | +€21,615 | +1,645% |
| Current investments | 50/53 | €378,585 | €437,803 | +€59,218 | +15.6% |
| Cash at bank and in hand | 54/58 | €48,627 | €29,565 | -€19,062 | -39.2% |
| Deferred charges and accrued income | 490/1 | €8,759 | €6,008 | -€2,750 | -31.4% |
| Total equity and liabilities | 10/49 | €486,825 | €538,375 | +€51,550 | +10.6% |
| Equity | 10/15 | €469,473 | €517,858 | +€48,385 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €450,873 | €499,258 | +€48,385 | +10.7% |
| Distributable reserves | 133 | €450,873 | €499,258 | +€48,385 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €17,352 | €20,517 | +€3,165 | +18.2% |
| Amounts payable within one year | 42/48 | €17,352 | €20,517 | +€3,165 | +18.2% |
| Financial debts | 43 | €1,107 | €1,034 | -€73 | -6.6% |
| Credit institutions | 430/8 | €1,107 | €1,034 | -€73 | -6.6% |
| Trade debts | 44 | €643 | €303 | -€340 | -52.9% |
| Suppliers | 440/4 | €643 | €303 | -€340 | -52.9% |
| Taxes, remuneration and social security | 45 | €6,918 | €5,098 | -€1,820 | -26.3% |
| Taxes | 450/3 | €4,614 | €2,740 | -€1,875 | -40.6% |
| Remuneration and social security | 454/9 | €2,303 | €2,358 | +€55 | +2.4% |
| Other amounts payable | 47/48 | €8,684 | €14,082 | +€5,398 | +62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,040 | €14,964 | +€924 | +6.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,431 | €77,671 | -€3,760 | -4.6% |
| Operating profit (loss) | 9901 | €67,003 | €62,307 | -€4,697 | -7.0% |
| Financial income | 75/76B | €4,139 | €6,948 | +€2,809 | +67.9% |
| Recurring financial income | 75 | €4,139 | €6,948 | +€2,809 | +67.9% |
| Financial charges | 65/66B | €2,326 | €1,715 | -€611 | -26.3% |
| Recurring financial charges | 65 | €2,326 | €1,715 | -€611 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €68,816 | €67,539 | -€1,277 | -1.9% |
| Income taxes | 67/77 | €19,933 | €19,154 | -€779 | -3.9% |
| Profit (loss) for the period | 9904 | €48,883 | €48,385 | -€498 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,883 | €48,385 | -€498 | -1.0% |
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 14 October 2026 via checked.be.