DAVY VAN AKEN: 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 VAN AKEN
Largest movements
- Tangible fixed assets -€45,482
down €45,482 (-25.5%), from €178,451 to €132,969
of which Furniture and vehicles: -€41,332
- Cash +€19,028
up €19,028 (+706%), from €2,696 to €21,724
mainly Depreciation (+€45,482) and Net result for the year (+€23,085)
- Receivables within one year +€7,460
up €7,460 (+16.1%), from €46,331 to €53,791
of which Trade receivables: +€12,409
- Other debts -€16,950
down €16,950 (-32.3%), from €52,403 to €35,453
- Debts after one year -€6,543
down €6,543 (-38.7%), from €16,892 to €10,350
- Reserves +€6,127
up €6,127 (+4.5%), from €135,710 to €141,836
of which Distributable reserves: +€6,127
- Current portion of long-term debt +€2,632
up €2,632 (+42.0%), from €6,271 to €8,903
- Short-term financial debts -€2,377
no longer reported in 2025 (was €2,377)
- Gross operating margin -€53,031
down €53,031 (-22.1%), from €240,270 to €187,239
- Taxes -€14,044
down €14,044 (-59.0%), from €23,811 to €9,767
- Depreciation +€6,442
up €6,442 (+16.5%), from €39,041 to €45,482
- Staff costs +€5,042
up €5,042 (+5.0%), from €100,393 to €105,435
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 | €229,784 | €210,335 | -€19,450 | -8.5% |
| Fixed assets | 21/28 | €178,761 | €133,279 | -€45,482 | -25.4% |
| Tangible fixed assets | 22/27 | €178,451 | €132,969 | -€45,482 | -25.5% |
| Land and buildings | 22 | €1,764 | €1,514 | -€250 | -14.2% |
| Plant, machinery and equipment | 23 | €8,371 | €4,471 | -€3,901 | -46.6% |
| Furniture and vehicles | 24 | €168,315 | €126,984 | -€41,332 | -24.6% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €51,023 | €77,056 | +€26,033 | +51.0% |
| Amounts receivable within one year | 40/41 | €46,331 | €53,791 | +€7,460 | +16.1% |
| Trade receivables | 40 | €33,266 | €45,674 | +€12,409 | +37.3% |
| Other amounts receivable | 41 | €13,065 | €8,117 | -€4,949 | -37.9% |
| Cash at bank and in hand | 54/58 | €2,696 | €21,724 | +€19,028 | +706% |
| Deferred charges and accrued income | 490/1 | €1,996 | €1,541 | -€455 | -22.8% |
| Total equity and liabilities | 10/49 | €229,784 | €210,335 | -€19,450 | -8.5% |
| Equity | 10/15 | €141,910 | €148,036 | +€6,127 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,710 | €141,836 | +€6,127 | +4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €162 | €162 | = | 0.0% |
| Distributable reserves | 133 | €133,687 | €139,814 | +€6,127 | +4.6% |
| Amounts payable | 17/49 | €87,875 | €62,299 | -€25,576 | -29.1% |
| Amounts payable after more than one year | 17 | €16,892 | €10,350 | -€6,543 | -38.7% |
| Financial debts | 170/4 | €16,892 | €10,350 | -€6,543 | -38.7% |
| Amounts payable within one year | 42/48 | €70,982 | €51,949 | -€19,033 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €6,271 | €8,903 | +€2,632 | +42.0% |
| Financial debts | 43 | €2,377 | - | -€2,377 | |
| Credit institutions | 430/8 | €2,377 | - | -€2,377 | |
| Trade debts | 44 | €2,336 | €1,909 | -€427 | -18.3% |
| Suppliers | 440/4 | €2,336 | €1,909 | -€427 | -18.3% |
| Taxes, remuneration and social security | 45 | €7,595 | €5,683 | -€1,911 | -25.2% |
| Remuneration and social security | 454/9 | €7,595 | €5,683 | -€1,911 | -25.2% |
| Other amounts payable | 47/48 | €52,403 | €35,453 | -€16,950 | -32.3% |
| Remuneration, social security and pensions | 62 | €100,393 | €105,435 | +€5,042 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,041 | €45,482 | +€6,442 | +16.5% |
| Other operating charges | 640/8 | €820 | €672 | -€147 | -18.0% |
| Gross operating margin | 9900 | €240,270 | €187,239 | -€53,031 | -22.1% |
| Operating profit (loss) | 9901 | €100,016 | €35,650 | -€64,367 | -64.4% |
| Financial income | 75/76B | €336 | €45 | -€291 | -86.5% |
| Recurring financial income | 75 | €336 | €45 | -€291 | -86.5% |
| Financial charges | 65/66B | €4,982 | €2,843 | -€2,138 | -42.9% |
| Recurring financial charges | 65 | €4,982 | €1,190 | -€3,792 | -76.1% |
| Non-recurring financial charges | 66B | - | €1,654 | +€1,654 | |
| Profit (loss) for the period before taxes | 9903 | €95,371 | €32,852 | -€62,519 | -65.6% |
| Income taxes | 67/77 | €23,811 | €9,767 | -€14,044 | -59.0% |
| Profit (loss) for the period | 9904 | €71,560 | €23,085 | -€48,475 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,560 | €23,085 | -€48,475 | -67.7% |
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 29 October 2026 via checked.be.