DAVORE: 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.
DAVORE
Largest movements
- Cash -€43,412
down €43,412 (-97.0%), from €44,760 to €1,348
mainly Net result for the year (-€44,112) and Debts after one year (-€20,960)
- Profit (loss) carried forward -€44,112
down €44,112 (-21.9%), from €201,793 to €157,681
- Debts after one year -€20,960
down €20,960 (-41.7%), from €50,226 to €29,266
- Other debts +€15,900
up €15,900 (+5.4%), from €293,201 to €309,101
- Gross operating margin -€307,480
down €307,480 (-98.3%), from €312,766 to €5,286
- Taxes +€37,547
new in 2025: €37,547
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 | €1,220,371 | €1,174,594 | -€45,777 | -3.8% |
| Fixed assets | 21/28 | €862,111 | €859,746 | -€2,365 | -0.3% |
| Tangible fixed assets | 22/27 | €162,111 | €159,746 | -€2,365 | -1.5% |
| Land and buildings | 22 | €162,111 | €159,746 | -€2,365 | -1.5% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €358,260 | €314,848 | -€43,412 | -12.1% |
| Amounts receivable within one year | 40/41 | €313,500 | €313,500 | = | 0.0% |
| Trade receivables | 40 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 41 | €312,500 | €312,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,760 | €1,348 | -€43,412 | -97.0% |
| Total equity and liabilities | 10/49 | €1,220,371 | €1,174,594 | -€45,777 | -3.8% |
| Equity | 10/15 | €856,231 | €812,119 | -€44,112 | -5.2% |
| Contributions | 10/11 | €594,944 | €594,944 | = | 0.0% |
| Capital | 10 | €594,944 | €594,944 | = | 0.0% |
| Issued capital | 100 | €594,944 | €594,944 | = | 0.0% |
| Reserves | 13 | €59,494 | €59,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €59,494 | €59,494 | = | 0.0% |
| Legal reserve | 130 | €59,494 | €59,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,793 | €157,681 | -€44,112 | -21.9% |
| Amounts payable | 17/49 | €364,140 | €362,475 | -€1,665 | -0.5% |
| Amounts payable after more than one year | 17 | €50,226 | €29,266 | -€20,960 | -41.7% |
| Financial debts | 170/4 | €50,226 | €29,266 | -€20,960 | -41.7% |
| Amounts payable within one year | 42/48 | €313,914 | €333,209 | +€19,295 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €20,149 | €20,961 | +€812 | +4.0% |
| Trade debts | 44 | €564 | €3,147 | +€2,583 | +458.0% |
| Suppliers | 440/4 | €564 | €3,147 | +€2,583 | +458.0% |
| Other amounts payable | 47/48 | €293,201 | €309,101 | +€15,900 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,184 | €6,971 | +€787 | +12.7% |
| Other operating charges | 640/8 | €4,711 | €2,260 | -€2,451 | -52.0% |
| Gross operating margin | 9900 | €312,766 | €5,286 | -€307,480 | -98.3% |
| Operating profit (loss) | 9901 | €301,871 | -€3,945 | -€305,816 | |
| Financial income | 75/76B | €107 | - | -€107 | |
| Recurring financial income | 75 | €107 | - | -€107 | |
| Financial charges | 65/66B | €3,405 | €2,620 | -€785 | -23.1% |
| Recurring financial charges | 65 | €3,405 | €2,620 | -€785 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €298,573 | -€6,565 | -€305,138 | |
| Income taxes | 67/77 | - | €37,547 | +€37,547 | |
| Profit (loss) for the period | 9904 | €298,573 | -€44,112 | -€342,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €298,573 | -€44,112 | -€342,685 |
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 29 September 2026 via checked.be.