DAVMAN: 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.
DAVMAN
Largest movements
- Stocks and contracts -€150,417
down €150,417 (-18.4%), from €818,137 to €667,720
- Cash +€41,952
up €41,952 (+20.0%), from €210,145 to €252,097
mainly Stocks and contracts (+€150,417) and Receivables within one year (+€23,387)
- Receivables within one year -€23,387
down €23,387 (-91.6%), from €25,545 to €2,158
of which Trade receivables: -€24,745
- Other debts -€86,558
down €86,558 (-10.3%), from €839,454 to €752,895
- Tax, wage and social debts -€21,287
down €21,287 (-100%), from €21,287 to €0
- Profit (loss) carried forward -€17,803
down €17,803 (-2.3%), from -€770,376 to -€788,178
- Gross operating margin -€36,834
down €36,834, from €33,170 to -€3,664
- Other operating charges -€4,489
down €4,489 (-75.7%), from €5,928 to €1,439
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 | €1,115,711 | €980,892 | -€134,819 | -12.1% |
| Fixed assets | 21/28 | €61,884 | €58,917 | -€2,968 | -4.8% |
| Tangible fixed assets | 22/27 | €61,884 | €58,917 | -€2,968 | -4.8% |
| Land and buildings | 22 | €57,774 | €47,636 | -€10,138 | -17.5% |
| Plant, machinery and equipment | 23 | €2,955 | €8,711 | +€5,756 | +195% |
| Furniture and vehicles | 24 | €1,156 | €2,570 | +€1,414 | +122% |
| Current assets | 29/58 | €1,053,827 | €921,975 | -€131,851 | -12.5% |
| Stocks and contracts in progress | 3 | €818,137 | €667,720 | -€150,417 | -18.4% |
| Stocks | 30/36 | €818,137 | €667,720 | -€150,417 | -18.4% |
| Amounts receivable within one year | 40/41 | €25,545 | €2,158 | -€23,387 | -91.6% |
| Trade receivables | 40 | €25,545 | €800 | -€24,745 | -96.9% |
| Other amounts receivable | 41 | - | €1,358 | +€1,358 | |
| Cash at bank and in hand | 54/58 | €210,145 | €252,097 | +€41,952 | +20.0% |
| Total equity and liabilities | 10/49 | €1,115,711 | €980,892 | -€134,819 | -12.1% |
| Equity | 10/15 | €236,624 | €218,822 | -€17,803 | -7.5% |
| Contributions | 10/11 | €1,007,000 | €1,007,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€770,376 | -€788,178 | -€17,803 | -2.3% |
| Amounts payable | 17/49 | €879,087 | €762,070 | -€117,016 | -13.3% |
| Amounts payable within one year | 42/48 | €879,087 | €762,070 | -€117,016 | -13.3% |
| Trade debts | 44 | €18,346 | €9,175 | -€9,171 | -50.0% |
| Suppliers | 440/4 | €18,346 | €9,175 | -€9,171 | -50.0% |
| Taxes, remuneration and social security | 45 | €21,287 | €0 | -€21,287 | -100% |
| Taxes | 450/3 | €21,287 | €0 | -€21,287 | -100% |
| Other amounts payable | 47/48 | €839,454 | €752,895 | -€86,558 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,595 | €12,400 | -€194 | -1.5% |
| Other operating charges | 640/8 | €5,928 | €1,439 | -€4,489 | -75.7% |
| Gross operating margin | 9900 | €33,170 | -€3,664 | -€36,834 | |
| Operating profit (loss) | 9901 | €14,647 | -€17,503 | -€32,150 | |
| Financial income | 75/76B | €14 | €18 | +€4 | +28.2% |
| Recurring financial income | 75 | €14 | €18 | +€4 | +28.2% |
| Financial charges | 65/66B | €400 | €317 | -€83 | -20.8% |
| Recurring financial charges | 65 | €400 | €317 | -€83 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €14,261 | -€17,803 | -€32,064 | |
| Profit (loss) for the period | 9904 | €14,261 | -€17,803 | -€32,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,261 | -€17,803 | -€32,064 |
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.