DAVNET: 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.
DAVNET
Largest movements
- Receivables within one year +€26,791
up €26,791 (+522.9%), from €5,123 to €31,914
of which Trade receivables: +€22,614
- Cash -€26,275
down €26,275 (-43.2%), from €60,785 to €34,510
mainly Receivables within one year (-€26,791) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€11,581
down €11,581 (-38.5%), from €30,048 to €18,467
of which Furniture and vehicles: -€9,050
- Stocks and contracts -€2,467
down €2,467 (-21.3%), from €11,577 to €9,110
- Reserves -€20,000
down €20,000 (-15.2%), from €131,622 to €111,622
- Other debts +€17,950
up €17,950 (+1710.3%), from €1,050 to €19,000
- Profit (loss) carried forward -€8,160
down €8,160 (-16.8%), from -€48,559 to -€56,719
- Current portion of long-term debt -€7,474
no longer reported in 2025 (was €7,474)
- Tax, wage and social debts +€5,222
up €5,222 (+268.5%), from €1,945 to €7,166
of which Taxes: +€4,722
- Gross operating margin +€28,923
up €28,923, from -€25,008 to €3,915
- Depreciation -€3,720
down €3,720 (-24.3%), from €15,302 to €11,581
- Other operating charges -€1,038
down €1,038 (-68.5%), from €1,515 to €477
- Financial income +€313
up €313 (+1326.3%), from €24 to €337
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 | €108,065 | €94,731 | -€13,334 | -12.3% |
| Fixed assets | 21/28 | €30,048 | €18,467 | -€11,581 | -38.5% |
| Tangible fixed assets | 22/27 | €30,048 | €18,467 | -€11,581 | -38.5% |
| Land and buildings | 22 | €20,174 | €17,642 | -€2,531 | -12.5% |
| Furniture and vehicles | 24 | €9,875 | €824 | -€9,050 | -91.7% |
| Current assets | 29/58 | €78,017 | €76,264 | -€1,752 | -2.2% |
| Stocks and contracts in progress | 3 | €11,577 | €9,110 | -€2,467 | -21.3% |
| Stocks | 30/36 | €11,577 | €9,110 | -€2,467 | -21.3% |
| Amounts receivable within one year | 40/41 | €5,123 | €31,914 | +€26,791 | +522.9% |
| Trade receivables | 40 | €5,123 | €27,737 | +€22,614 | +441.4% |
| Other amounts receivable | 41 | - | €4,177 | +€4,177 | |
| Cash at bank and in hand | 54/58 | €60,785 | €34,510 | -€26,275 | -43.2% |
| Deferred charges and accrued income | 490/1 | €531 | €730 | +€198 | +37.3% |
| Total equity and liabilities | 10/49 | €108,065 | €94,731 | -€13,334 | -12.3% |
| Equity | 10/15 | €95,462 | €67,302 | -€28,160 | -29.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €131,622 | €111,622 | -€20,000 | -15.2% |
| Distributable reserves | 133 | €131,622 | €111,622 | -€20,000 | -15.2% |
| Profit (loss) carried forward | 14 | -€48,559 | -€56,719 | -€8,160 | -16.8% |
| Amounts payable | 17/49 | €12,603 | €27,429 | +€14,826 | +117.6% |
| Amounts payable within one year | 42/48 | €12,603 | €27,429 | +€14,826 | +117.6% |
| Current portion of amounts payable after more than one year | 42 | €7,474 | - | -€7,474 | |
| Trade debts | 44 | €2,135 | €1,263 | -€872 | -40.9% |
| Suppliers | 440/4 | €2,135 | €1,263 | -€872 | -40.9% |
| Taxes, remuneration and social security | 45 | €1,945 | €7,166 | +€5,222 | +268.5% |
| Taxes | 450/3 | €1,945 | €6,666 | +€4,722 | +242.8% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €1,050 | €19,000 | +€17,950 | +1710.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,302 | €11,581 | -€3,720 | -24.3% |
| Other operating charges | 640/8 | €1,515 | €477 | -€1,038 | -68.5% |
| Non-recurring operating charges | 66A | €162 | - | -€162 | |
| Gross operating margin | 9900 | -€25,008 | €3,915 | +€28,923 | |
| Operating profit (loss) | 9901 | -€41,987 | -€8,143 | +€33,844 | +80.6% |
| Financial income | 75/76B | €24 | €337 | +€313 | +1326.3% |
| Recurring financial income | 75 | €24 | €337 | +€313 | +1326.3% |
| Financial charges | 65/66B | €318 | €191 | -€128 | -40.1% |
| Recurring financial charges | 65 | €318 | €191 | -€128 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,282 | -€7,997 | +€34,284 | +81.1% |
| Income taxes | 67/77 | €211 | €162 | -€49 | -23.1% |
| Profit (loss) for the period | 9904 | -€42,493 | -€8,160 | +€34,333 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,493 | -€8,160 | +€34,333 | +80.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.