DAVLINOR: 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.
DAVLINOR
Largest movements
- Receivables within one year +€332,705
up €332,705 (+553.4%), from €60,124 to €392,829
of which Other amounts receivable: +€315,939
- Tangible fixed assets -€99,542
down €99,542 (-19.3%), from €514,809 to €415,267
of which Plant, machinery and equipment: -€76,504
- Cash +€17,171
up €17,171 (+36.5%), from €47,061 to €64,232
mainly Trade debts (+€227,984) and Depreciation (+€139,647)
- Trade debts +€227,984
up €227,984 (+56.8%), from €401,329 to €629,313
- Tax, wage and social debts +€44,951
up €44,951 (+23.8%), from €188,846 to €233,797
of which Remuneration and social security: +€22,956
- Other debts -€31,229
no longer reported in 2025 (was €31,229)
- Profit (loss) carried forward +€16,465
up €16,465 (+20.3%), from €81,142 to €97,607
- Gross operating margin +€153,938
up €153,938 (+20.2%), from €763,706 to €917,645
- Depreciation -€95,087
down €95,087 (-40.5%), from €234,734 to €139,647
- Staff costs +€89,519
up €89,519 (+13.2%), from €678,203 to €767,721
- Financial income +€12,989
new in 2025: €12,989
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 | €722,951 | €981,123 | +€258,171 | +35.7% |
| Fixed assets | 21/28 | €514,809 | €415,267 | -€99,542 | -19.3% |
| Tangible fixed assets | 22/27 | €514,809 | €415,267 | -€99,542 | -19.3% |
| Plant, machinery and equipment | 23 | €307,223 | €230,718 | -€76,504 | -24.9% |
| Furniture and vehicles | 24 | €2,110 | €1,511 | -€599 | -28.4% |
| Other tangible fixed assets | 26 | €205,475 | €183,037 | -€22,438 | -10.9% |
| Current assets | 29/58 | €208,143 | €565,856 | +€357,713 | +171.9% |
| Stocks and contracts in progress | 3 | €100,958 | €108,795 | +€7,838 | +7.8% |
| Stocks | 30/36 | €100,958 | €108,795 | +€7,838 | +7.8% |
| Amounts receivable within one year | 40/41 | €60,124 | €392,829 | +€332,705 | +553.4% |
| Trade receivables | 40 | €59,989 | €76,755 | +€16,766 | +27.9% |
| Other amounts receivable | 41 | €135 | €316,074 | +€315,939 | +233768.8% |
| Cash at bank and in hand | 54/58 | €47,061 | €64,232 | +€17,171 | +36.5% |
| Total equity and liabilities | 10/49 | €722,951 | €981,123 | +€258,171 | +35.7% |
| Equity | 10/15 | €101,547 | €118,012 | +€16,465 | +16.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,142 | €97,607 | +€16,465 | +20.3% |
| Amounts payable | 17/49 | €621,404 | €863,110 | +€241,706 | +38.9% |
| Amounts payable within one year | 42/48 | €621,404 | €863,110 | +€241,706 | +38.9% |
| Trade debts | 44 | €401,329 | €629,313 | +€227,984 | +56.8% |
| Suppliers | 440/4 | €401,329 | €629,313 | +€227,984 | +56.8% |
| Taxes, remuneration and social security | 45 | €188,846 | €233,797 | +€44,951 | +23.8% |
| Taxes | 450/3 | €72,946 | €94,941 | +€21,995 | +30.2% |
| Remuneration and social security | 454/9 | €115,900 | €138,856 | +€22,956 | +19.8% |
| Other amounts payable | 47/48 | €31,229 | - | -€31,229 | |
| Non-recurring operating income | 76A | €25,000 | €40,000 | +€15,000 | +60.0% |
| Remuneration, social security and pensions | 62 | €678,203 | €767,721 | +€89,519 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,734 | €139,647 | -€95,087 | -40.5% |
| Other operating charges | 640/8 | €5,815 | €5,993 | +€178 | +3.1% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | €763,706 | €917,645 | +€153,938 | +20.2% |
| Operating profit (loss) | 9901 | -€155,046 | €4,274 | +€159,320 | |
| Financial income | 75/76B | - | €12,989 | +€12,989 | |
| Recurring financial income | 75 | - | €12,989 | +€12,989 | |
| Financial charges | 65/66B | €3,510 | €458 | -€3,052 | -87.0% |
| Recurring financial charges | 65 | €3,510 | €458 | -€3,052 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | -€158,556 | €16,805 | +€175,361 | |
| Income taxes | 67/77 | €320 | €340 | +€20 | +6.4% |
| Profit (loss) for the period | 9904 | -€158,876 | €16,465 | +€175,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€158,876 | €16,465 | +€175,341 |
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 9 October 2026 via checked.be.