DAVUN AVOCAT: 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.
DAVUN AVOCAT
Largest movements
- Cash +€90,327
up €90,327 (+139%), from €64,815 to €155,142
mainly Net result for the year (+€71,512) and Tax, wage and social debts (+€34,006)
- Receivables within one year -€9,026
down €9,026 (-71.3%), from €12,656 to €3,630
- Tangible fixed assets -€7,770
down €7,770 (-23.3%), from €33,280 to €25,510
- Profit (loss) carried forward +€71,512
up €71,512 (+164%), from €43,677 to €115,189
- Other debts -€37,670
down €37,670 (-92.0%), from €40,927 to €3,257
- Tax, wage and social debts +€34,006
up €34,006 (+139%), from €24,456 to €58,462
- Trade debts +€5,701
up €5,701 (+260%), from €2,190 to €7,891
- Gross operating margin +€44,666
up €44,666 (+68.3%), from €65,407 to €110,073
- Taxes +€9,970
up €9,970 (+60.4%), from €16,501 to €26,471
- Depreciation +€3,916
up €3,916 (+102%), from €3,854 to €7,770
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 | €111,252 | €184,801 | +€73,549 | +66.1% |
| Fixed assets | 21/28 | €33,780 | €26,010 | -€7,770 | -23.0% |
| Tangible fixed assets | 22/27 | €33,280 | €25,510 | -€7,770 | -23.3% |
| Plant, machinery and equipment | 23 | €2,260 | - | -€2,260 | |
| Furniture and vehicles | 24 | €13,123 | €9,497 | -€3,626 | -27.6% |
| Other tangible fixed assets | 26 | €17,898 | €16,013 | -€1,885 | -10.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €77,471 | €158,791 | +€81,319 | +105% |
| Amounts receivable within one year | 40/41 | €12,656 | €3,630 | -€9,026 | -71.3% |
| Trade receivables | 40 | €12,656 | €3,630 | -€9,026 | -71.3% |
| Cash at bank and in hand | 54/58 | €64,815 | €155,142 | +€90,327 | +139% |
| Deferred charges and accrued income | 490/1 | - | €18 | +€18 | |
| Total equity and liabilities | 10/49 | €111,252 | €184,801 | +€73,549 | +66.1% |
| Equity | 10/15 | €43,678 | €115,190 | +€71,512 | +164% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,677 | €115,189 | +€71,512 | +164% |
| Amounts payable | 17/49 | €67,573 | €69,610 | +€2,037 | +3.0% |
| Amounts payable within one year | 42/48 | €67,573 | €69,610 | +€2,037 | +3.0% |
| Trade debts | 44 | €2,190 | €7,891 | +€5,701 | +260% |
| Suppliers | 440/4 | €2,190 | €7,891 | +€5,701 | +260% |
| Taxes, remuneration and social security | 45 | €24,456 | €58,462 | +€34,006 | +139% |
| Taxes | 450/3 | €24,456 | €58,462 | +€34,006 | +139% |
| Other amounts payable | 47/48 | €40,927 | €3,257 | -€37,670 | -92.0% |
| Remuneration, social security and pensions | 62 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,854 | €7,770 | +€3,916 | +102% |
| Other operating charges | 640/8 | €396 | €465 | +€69 | +17.5% |
| Non-recurring operating charges | 66A | - | €3,305 | +€3,305 | |
| Gross operating margin | 9900 | €65,407 | €110,073 | +€44,666 | +68.3% |
| Operating profit (loss) | 9901 | €60,197 | €98,533 | +€38,335 | +63.7% |
| Financial charges | 65/66B | €19 | €550 | +€531 | +2,832% |
| Recurring financial charges | 65 | €19 | €550 | +€531 | +2,832% |
| Profit (loss) for the period before taxes | 9903 | €60,178 | €97,983 | +€37,804 | +62.8% |
| Income taxes | 67/77 | €16,501 | €26,471 | +€9,970 | +60.4% |
| Profit (loss) for the period | 9904 | €43,677 | €71,512 | +€27,834 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,677 | €71,512 | +€27,834 | +63.7% |
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 19 October 2026 via checked.be.