DAVR GRAPHIC DESIGN: what changed
What changed
DAVR GRAPHIC DESIGN
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€114,938
2024 · €22,112+€92,825
Equity
€215,638
2024 · €100,700+€114,938
Cash
€130,779
2024 · €87,384+€43,395
Balance sheet total
€557,444
2024 · €327,667+€229,777
Largest movements
Assets
- Tangible fixed assets +€179,182
up €179,182 (+75.3%), from €237,883 to €417,065
of which Land and buildings: +€184,240
- Cash +€43,395
up €43,395 (+49.7%), from €87,384 to €130,779
mainly Net result for the year (+€114,938) and Debts after one year (+€83,155)
- Receivables within one year +€7,500
new in 2025: €7,500
Equity and liabilities
- Reserves +€114,938
up €114,938 (+122%), from €94,500 to €209,438
of which Tax-exempt reserves: +€109,241
- Debts after one year +€83,155
up €83,155 (+53.5%), from €155,301 to €238,456
- Provisions +€27,310
new in 2025: €27,310
Income statement
- Gross operating margin +€127,062
up €127,062 (+223%), from €56,982 to €184,043
- Taxes -€9,748
down €9,748 (-70.9%), from €13,742 to €3,994
- Other operating charges +€5,864
up €5,864 (+242%), from €2,421 to €8,286
- Financial charges +€5,756
up €5,756 (+166%), from €3,476 to €9,232
- Depreciation +€4,871
up €4,871 (+35.1%), from €13,872 to €18,742
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€22,112
Gross operating margin
+€127,062
Staff costs
+€115
Depreciation
-€4,871
Other operating charges
-€5,864
Financial income
-€298
Financial charges
-€5,756
Taxes
+€9,748
Deferred taxes and other
-€27,310
Result 2025
€114,938
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€156,209
Investment
-€197,924
Financing
+€85,110
Cash 2024
€87,384
From operations (derived)
+€156,209
Net result for the year
+€114,938
Depreciation
+€18,742
Receivables within one year
-€7,500
Deferred charges and accrued income
+€300
Provisions
+€27,310
Trade debts
-€3,774
Tax, wage and social debts
+€4,903
Other debts
+€1,290
Investment (derived)
-€197,924
Investment in fixed assets (net)
-€197,924
Financing
+€85,110
Debts after one year
+€83,155
Current portion of long-term debt
+€1,955
Cash 2025
€130,779
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,667 | €557,444 | +€229,777 | +70.1% |
| Fixed assets | 21/28 | €237,883 | €417,065 | +€179,182 | +75.3% |
| Tangible fixed assets | 22/27 | €237,883 | €417,065 | +€179,182 | +75.3% |
| Land and buildings | 22 | €224,579 | €408,820 | +€184,240 | +82.0% |
| Furniture and vehicles | 24 | €13,304 | €8,245 | -€5,058 | -38.0% |
| Current assets | 29/58 | €89,784 | €140,379 | +€50,595 | +56.4% |
| Amounts receivable within one year | 40/41 | - | €7,500 | +€7,500 | |
| Trade receivables | 40 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €87,384 | €130,779 | +€43,395 | +49.7% |
| Deferred charges and accrued income | 490/1 | €2,400 | €2,100 | -€300 | -12.5% |
| Total equity and liabilities | 10/49 | €327,667 | €557,444 | +€229,777 | +70.1% |
| Equity | 10/15 | €100,700 | €215,638 | +€114,938 | +114% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,500 | €209,438 | +€114,938 | +122% |
| Tax-exempt reserves | 132 | - | €109,241 | +€109,241 | |
| Distributable reserves | 133 | €94,500 | €100,197 | +€5,696 | +6.0% |
| Provisions and deferred taxes | 16 | - | €27,310 | +€27,310 | |
| Deferred taxes | 168 | - | €27,310 | +€27,310 | |
| Amounts payable | 17/49 | €226,967 | €314,496 | +€87,529 | +38.6% |
| Amounts payable after more than one year | 17 | €155,301 | €238,456 | +€83,155 | +53.5% |
| Financial debts | 170/4 | €155,301 | €238,456 | +€83,155 | +53.5% |
| Amounts payable within one year | 42/48 | €71,666 | €76,040 | +€4,374 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €13,747 | €15,702 | +€1,955 | +14.2% |
| Trade debts | 44 | €4,114 | €341 | -€3,774 | -91.7% |
| Suppliers | 440/4 | €4,114 | €341 | -€3,774 | -91.7% |
| Taxes, remuneration and social security | 45 | €6,029 | €10,931 | +€4,903 | +81.3% |
| Taxes | 450/3 | €6,029 | €10,931 | +€4,903 | +81.3% |
| Other amounts payable | 47/48 | €47,776 | €49,066 | +€1,290 | +2.7% |
| Remuneration, social security and pensions | 62 | €1,661 | €1,545 | -€115 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,872 | €18,742 | +€4,871 | +35.1% |
| Other operating charges | 640/8 | €2,421 | €8,286 | +€5,864 | +242% |
| Gross operating margin | 9900 | €56,982 | €184,043 | +€127,062 | +223% |
| Operating profit (loss) | 9901 | €39,028 | €155,470 | +€116,442 | +298% |
| Financial income | 75/76B | €303 | €4 | -€298 | -98.6% |
| Recurring financial income | 75 | €303 | €4 | -€298 | -98.6% |
| Financial charges | 65/66B | €3,476 | €9,232 | +€5,756 | +166% |
| Recurring financial charges | 65 | €3,476 | €9,232 | +€5,756 | +166% |
| Profit (loss) for the period before taxes | 9903 | €35,854 | €146,242 | +€110,388 | +308% |
| Transfer from deferred taxes | 780 | - | €307 | +€307 | |
| Transfer to deferred taxes | 680 | - | €27,618 | +€27,618 | |
| Income taxes | 67/77 | €13,742 | €3,994 | -€9,748 | -70.9% |
| Profit (loss) for the period | 9904 | €22,112 | €114,938 | +€92,825 | +420% |
| Transfer from tax-exempt reserves | 789 | - | €1,229 | +€1,229 | |
| Transfer to tax-exempt reserves | 689 | - | €110,470 | +€110,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,112 | €5,696 | -€16,416 | -74.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.