Davy Van de Reyd: 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 de Reyd
Largest movements
- Cash +€18,294
up €18,294 (+2,604%), from €703 to €18,996
mainly Receivables within one year (+€7,777) and Other debts (+€6,000)
- Receivables within one year -€7,777
down €7,777 (-49.9%), from €15,597 to €7,820
of which Trade receivables: -€8,247
- Tangible fixed assets +€2,062
up €2,062 (+55.8%), from €3,697 to €5,760
of which Furniture and vehicles: +€2,282
- Deferred charges and accrued income -€604
no longer reported in 2025 (was €604)
- Other debts +€6,000
up €6,000 (+30.8%), from €19,451 to €25,451
- Trade debts +€4,001
up €4,001 (+2,817%), from €142 to €4,143
- Profit (loss) carried forward +€1,299
up €1,299 (+11.7%), from -€11,059 to -€9,760
- Tax, wage and social debts +€675
new in 2025: €675
- Gross operating margin +€13,348
up €13,348, from -€8,967 to €4,380
- Depreciation +€1,340
up €1,340 (+112%), from €1,191 to €2,531
- Staff costs -€664
no longer reported in 2025 (was €664)
- Other operating charges +€381
up €381 (+323%), from €118 to €499
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 | €26,601 | €38,576 | +€11,975 | +45.0% |
| Fixed assets | 21/28 | €3,697 | €5,760 | +€2,062 | +55.8% |
| Tangible fixed assets | 22/27 | €3,697 | €5,760 | +€2,062 | +55.8% |
| Furniture and vehicles | 24 | €1,843 | €4,126 | +€2,282 | +124% |
| Other tangible fixed assets | 26 | €1,854 | €1,634 | -€220 | -11.9% |
| Current assets | 29/58 | €22,904 | €32,816 | +€9,913 | +43.3% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,597 | €7,820 | -€7,777 | -49.9% |
| Trade receivables | 40 | €15,175 | €6,929 | -€8,247 | -54.3% |
| Other amounts receivable | 41 | €422 | €892 | +€470 | +111% |
| Cash at bank and in hand | 54/58 | €703 | €18,996 | +€18,294 | +2,604% |
| Deferred charges and accrued income | 490/1 | €604 | - | -€604 | |
| Total equity and liabilities | 10/49 | €26,601 | €38,576 | +€11,975 | +45.0% |
| Equity | 10/15 | €7,008 | €8,307 | +€1,299 | +18.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €14,567 | €14,567 | = | 0.0% |
| Distributable reserves | 133 | €14,567 | €14,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,059 | -€9,760 | +€1,299 | +11.7% |
| Amounts payable | 17/49 | €19,593 | €30,269 | +€10,676 | +54.5% |
| Amounts payable within one year | 42/48 | €19,593 | €30,269 | +€10,676 | +54.5% |
| Trade debts | 44 | €142 | €4,143 | +€4,001 | +2,817% |
| Suppliers | 440/4 | €142 | €4,143 | +€4,001 | +2,817% |
| Taxes, remuneration and social security | 45 | - | €675 | +€675 | |
| Taxes | 450/3 | - | €675 | +€675 | |
| Other amounts payable | 47/48 | €19,451 | €25,451 | +€6,000 | +30.8% |
| Remuneration, social security and pensions | 62 | €664 | - | -€664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,191 | €2,531 | +€1,340 | +112% |
| Other operating charges | 640/8 | €118 | €499 | +€381 | +323% |
| Gross operating margin | 9900 | -€8,967 | €4,380 | +€13,348 | |
| Operating profit (loss) | 9901 | -€10,941 | €1,350 | +€12,291 | |
| Financial income | 75/76B | €28 | €107 | +€78 | +276% |
| Recurring financial income | 75 | €28 | €107 | +€78 | +276% |
| Financial charges | 65/66B | €147 | €158 | +€10 | +7.1% |
| Recurring financial charges | 65 | €147 | €158 | +€10 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,059 | €1,299 | +€12,359 | |
| Profit (loss) for the period | 9904 | -€11,059 | €1,299 | +€12,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,059 | €1,299 | +€12,359 |
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 22 October 2026 via checked.be.