DAVOX: 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.
DAVOX
Largest movements
- Tangible fixed assets +€60,832
up €60,832 (+242%), from €25,111 to €85,944
of which Leasing and similar rights: +€70,841
- Debts after one year +€51,311
up €51,311 (+2,657%), from €1,931 to €53,242
- Reserves +€13,448
up €13,448 (+21.7%), from €62,106 to €75,554
- Tax, wage and social debts -€6,630
down €6,630 (-64.2%), from €10,324 to €3,695
- Gross operating margin -€4,721
down €4,721 (-10.7%), from €44,076 to €39,355
- Taxes -€1,799
down €1,799 (-20.8%), from €8,655 to €6,857
- Depreciation +€1,591
up €1,591 (+10.3%), from €15,509 to €17,099
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 | €88,848 | €149,939 | +€61,090 | +68.8% |
| Fixed assets | 21/28 | €25,111 | €85,944 | +€60,832 | +242% |
| Tangible fixed assets | 22/27 | €25,111 | €85,944 | +€60,832 | +242% |
| Plant, machinery and equipment | 23 | €2,324 | €1,653 | -€671 | -28.9% |
| Furniture and vehicles | 24 | €15,200 | €2,594 | -€12,606 | -82.9% |
| Leasing and similar rights | 25 | - | €70,841 | +€70,841 | |
| Other tangible fixed assets | 26 | €7,587 | €10,856 | +€3,269 | +43.1% |
| Current assets | 29/58 | €63,737 | €63,995 | +€258 | +0.4% |
| Amounts receivable within one year | 40/41 | €17,594 | €17,022 | -€572 | -3.3% |
| Trade receivables | 40 | €14,833 | €16,378 | +€1,545 | +10.4% |
| Other amounts receivable | 41 | €2,761 | €643 | -€2,118 | -76.7% |
| Cash at bank and in hand | 54/58 | €46,043 | €46,973 | +€930 | +2.0% |
| Deferred charges and accrued income | 490/1 | €100 | - | -€100 | |
| Total equity and liabilities | 10/49 | €88,848 | €149,939 | +€61,090 | +68.8% |
| Equity | 10/15 | €62,206 | €75,654 | +€13,448 | +21.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €62,106 | €75,554 | +€13,448 | +21.7% |
| Distributable reserves | 133 | €62,106 | €75,554 | +€13,448 | +21.7% |
| Amounts payable | 17/49 | €26,642 | €74,285 | +€47,643 | +179% |
| Amounts payable after more than one year | 17 | €1,931 | €53,242 | +€51,311 | +2,657% |
| Financial debts | 170/4 | €1,931 | €53,242 | +€51,311 | +2,657% |
| Amounts payable within one year | 42/48 | €24,711 | €21,043 | -€3,668 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €11,499 | €12,822 | +€1,323 | +11.5% |
| Trade debts | 44 | €2,029 | €3,438 | +€1,409 | +69.4% |
| Suppliers | 440/4 | €2,029 | €3,438 | +€1,409 | +69.4% |
| Taxes, remuneration and social security | 45 | €10,324 | €3,695 | -€6,630 | -64.2% |
| Taxes | 450/3 | €10,324 | €3,695 | -€6,630 | -64.2% |
| Other amounts payable | 47/48 | €859 | €1,089 | +€230 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,509 | €17,099 | +€1,591 | +10.3% |
| Other operating charges | 640/8 | €611 | €624 | +€12 | +2.0% |
| Gross operating margin | 9900 | €44,076 | €39,355 | -€4,721 | -10.7% |
| Operating profit (loss) | 9901 | €27,956 | €21,632 | -€6,324 | -22.6% |
| Financial income | 75/76B | €89 | €2 | -€87 | -97.7% |
| Recurring financial income | 75 | €89 | €2 | -€87 | -97.7% |
| Financial charges | 65/66B | €382 | €471 | +€89 | +23.3% |
| Recurring financial charges | 65 | €382 | €471 | +€89 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €27,662 | €21,163 | -€6,499 | -23.5% |
| Income taxes | 67/77 | €8,655 | €6,857 | -€1,799 | -20.8% |
| Profit (loss) for the period | 9904 | €19,007 | €14,307 | -€4,701 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,007 | €14,307 | -€4,701 | -24.7% |
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 15 October 2026 via checked.be.