DAVY'S: 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.
DAVY'S
Largest movements
- Cash +€3,036
up €3,036 (+81.8%), from €3,712 to €6,749
mainly Net result for the year (+€5,155) and Depreciation (+€1,879)
- Tangible fixed assets -€1,879
down €1,879 (-5.3%), from €35,579 to €33,700
of which Plant, machinery and equipment: -€1,718
- Profit (loss) carried forward +€5,155
up €5,155 (+5.7%), from -€89,730 to -€84,575
- Debts after one year -€4,000
down €4,000 (-3.6%), from €110,295 to €106,295
- Gross operating margin +€8,857
up €8,857 (+713%), from €1,243 to €10,100
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 | €39,292 | €40,449 | +€1,157 | +2.9% |
| Fixed assets | 21/28 | €35,579 | €33,700 | -€1,879 | -5.3% |
| Tangible fixed assets | 22/27 | €35,579 | €33,700 | -€1,879 | -5.3% |
| Land and buildings | 22 | €29,696 | €29,535 | -€161 | -0.5% |
| Plant, machinery and equipment | 23 | €5,883 | €4,165 | -€1,718 | -29.2% |
| Current assets | 29/58 | €3,712 | €6,749 | +€3,036 | +81.8% |
| Cash at bank and in hand | 54/58 | €3,712 | €6,749 | +€3,036 | +81.8% |
| Total equity and liabilities | 10/49 | €39,292 | €40,449 | +€1,157 | +2.9% |
| Equity | 10/15 | -€71,130 | -€65,975 | +€5,155 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,730 | -€84,575 | +€5,155 | +5.7% |
| Amounts payable | 17/49 | €110,421 | €106,423 | -€3,998 | -3.6% |
| Amounts payable after more than one year | 17 | €110,295 | €106,295 | -€4,000 | -3.6% |
| Other amounts payable | 178/9 | €110,295 | €106,295 | -€4,000 | -3.6% |
| Amounts payable within one year | 42/48 | €126 | €128 | +€2 | +1.6% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,879 | €1,879 | = | 0.0% |
| Other operating charges | 640/8 | €2,748 | €2,832 | +€84 | +3.0% |
| Gross operating margin | 9900 | €1,243 | €10,100 | +€8,857 | +713% |
| Operating profit (loss) | 9901 | -€3,385 | €5,389 | +€8,773 | |
| Financial charges | 65/66B | €276 | €234 | -€42 | -15.4% |
| Recurring financial charges | 65 | €276 | €234 | -€42 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,661 | €5,155 | +€8,816 | |
| Profit (loss) for the period | 9904 | -€3,661 | €5,155 | +€8,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,661 | €5,155 | +€8,816 |
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 14 October 2026 via checked.be.