DAVNA: what changed
Two fiscal 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.
DAVNA
Largest movements
- Tangible fixed assets +€34,937
up €34,937 (+420.2%), from €8,315 to €43,252
of which Furniture and vehicles: +€34,526
- Receivables within one year +€5,936
up €5,936 (+54.3%), from €10,927 to €16,863
of which Trade receivables: +€3,701
- Deferred charges and accrued income +€5,364
up €5,364 (+961.2%), from €558 to €5,922
- Cash -€3,647
down €3,647 (-17.6%), from €20,756 to €17,110
mainly Investment in fixed assets (net) (-€37,975) and Contributions, distributions and other (-€18,500)
- Other debts +€17,073
new in 2025: €17,073
- Debts after one year +€13,411
up €13,411 (+58.3%), from €23,008 to €36,419
of which Financial debts: +€26,411
- Profit (loss) carried forward +€9,265
up €9,265, from -€2,111 to €7,154
- Tax, wage and social debts +€2,856
up €2,856 (+40.0%), from €7,146 to €10,001
- Gross operating margin -€30,412
down €30,412 (-39.7%), from €76,521 to €46,109
- Taxes +€5,758
up €5,758 (+115.0%), from €5,008 to €10,766
- Depreciation +€866
up €866 (+39.9%), from €2,172 to €3,038
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 | €49,609 | €92,199 | +€42,590 | +85.9% |
| Fixed assets | 21/28 | €17,368 | €52,305 | +€34,937 | +201.2% |
| Tangible fixed assets | 22/27 | €8,315 | €43,252 | +€34,937 | +420.2% |
| Plant, machinery and equipment | 23 | - | €411 | +€411 | |
| Furniture and vehicles | 24 | €8,315 | €42,841 | +€34,526 | +415.2% |
| Financial fixed assets | 28 | €9,053 | €9,053 | = | 0.0% |
| Current assets | 29/58 | €32,241 | €39,894 | +€7,653 | +23.7% |
| Amounts receivable within one year | 40/41 | €10,927 | €16,863 | +€5,936 | +54.3% |
| Trade receivables | 40 | €10,927 | €14,628 | +€3,701 | +33.9% |
| Other amounts receivable | 41 | - | €2,234 | +€2,234 | |
| Cash at bank and in hand | 54/58 | €20,756 | €17,110 | -€3,647 | -17.6% |
| Deferred charges and accrued income | 490/1 | €558 | €5,922 | +€5,364 | +961.2% |
| Total equity and liabilities | 10/49 | €49,609 | €92,199 | +€42,590 | +85.9% |
| Equity | 10/15 | €11,889 | €21,154 | +€9,265 | +77.9% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,111 | €7,154 | +€9,265 | |
| Amounts payable | 17/49 | €37,720 | €71,045 | +€33,325 | +88.3% |
| Amounts payable after more than one year | 17 | €23,008 | €36,419 | +€13,411 | +58.3% |
| Financial debts | 170/4 | €2,362 | €28,772 | +€26,411 | +1118.3% |
| Other amounts payable | 178/9 | €20,646 | €7,646 | -€13,000 | -63.0% |
| Amounts payable within one year | 42/48 | €14,712 | €34,551 | +€19,840 | +134.9% |
| Current portion of amounts payable after more than one year | 42 | €6,440 | €6,093 | -€347 | -5.4% |
| Financial debts | 43 | €152 | €317 | +€165 | +108.5% |
| Credit institutions | 430/8 | €152 | €317 | +€165 | +108.5% |
| Trade debts | 44 | €974 | €1,066 | +€92 | +9.5% |
| Suppliers | 440/4 | €974 | €1,066 | +€92 | +9.5% |
| Taxes, remuneration and social security | 45 | €7,146 | €10,001 | +€2,856 | +40.0% |
| Taxes | 450/3 | €7,146 | €10,001 | +€2,856 | +40.0% |
| Other amounts payable | 47/48 | - | €17,073 | +€17,073 | |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Remuneration, social security and pensions | 62 | €499 | €58 | -€442 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,172 | €3,038 | +€866 | +39.9% |
| Other operating charges | 640/8 | €3,643 | €2,960 | -€683 | -18.8% |
| Gross operating margin | 9900 | €76,521 | €46,109 | -€30,412 | -39.7% |
| Operating profit (loss) | 9901 | €70,207 | €40,054 | -€30,153 | -42.9% |
| Financial income | 75/76B | €160 | €125 | -€35 | -21.7% |
| Recurring financial income | 75 | €160 | €125 | -€35 | -21.7% |
| Financial charges | 65/66B | €1,316 | €1,648 | +€332 | +25.3% |
| Recurring financial charges | 65 | €1,316 | €1,648 | +€332 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €69,051 | €38,530 | -€30,520 | -44.2% |
| Income taxes | 67/77 | €5,008 | €10,766 | +€5,758 | +115.0% |
| Profit (loss) for the period | 9904 | €64,043 | €27,765 | -€36,278 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,043 | €27,765 | -€36,278 | -56.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.