DAVYCUS: 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.
DAVYCUS
Largest movements
- Cash +€246,242
up €246,242 (+90.3%), from €272,636 to €518,878
mainly Net result for the year (+€262,421) and Other debts (+€1,524)
- Reserves +€262,463
up €262,463 (+27.1%), from €968,410 to €1.2m
- Tax, wage and social debts -€13,510
down €13,510 (-38.1%), from €35,428 to €21,918
of which Taxes: -€13,518
- Gross operating margin -€59,558
down €59,558 (-13.8%), from €433,085 to €373,527
- Taxes -€20,833
down €20,833 (-14.2%), from €146,260 to €125,427
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 | €1,011,631 | €1,262,186 | +€250,556 | +24.8% |
| Current assets | 29/58 | €1,011,631 | €1,262,186 | +€250,556 | +24.8% |
| Amounts receivable within one year | 40/41 | €38,995 | €43,308 | +€4,314 | +11.1% |
| Trade receivables | 40 | €37,511 | €43,308 | +€5,797 | +15.5% |
| Other amounts receivable | 41 | €1,484 | €0 | -€1,483 | -100.0% |
| Current investments | 50/53 | €700,000 | €700,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €272,636 | €518,878 | +€246,242 | +90.3% |
| Total equity and liabilities | 10/49 | €1,011,631 | €1,262,186 | +€250,556 | +24.8% |
| Equity | 10/15 | €974,654 | €1,237,075 | +€262,421 | +26.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €968,410 | €1,230,874 | +€262,463 | +27.1% |
| Distributable reserves | 133 | €968,410 | €1,230,874 | +€262,463 | +27.1% |
| Profit (loss) carried forward | 14 | €43 | €1 | -€42 | -97.1% |
| Amounts payable | 17/49 | €36,977 | €25,111 | -€11,865 | -32.1% |
| Amounts payable within one year | 42/48 | €36,815 | €25,078 | -€11,737 | -31.9% |
| Trade debts | 44 | €70 | €319 | +€249 | +353% |
| Suppliers | 440/4 | €70 | €319 | +€249 | +353% |
| Taxes, remuneration and social security | 45 | €35,428 | €21,918 | -€13,510 | -38.1% |
| Taxes | 450/3 | €34,019 | €20,501 | -€13,518 | -39.7% |
| Remuneration and social security | 454/9 | €1,409 | €1,417 | +€8 | +0.5% |
| Other amounts payable | 47/48 | €1,316 | €2,841 | +€1,524 | +116% |
| Accrued charges and deferred income | 492/3 | €162 | €33 | -€129 | -79.4% |
| Other operating charges | 640/8 | €1,681 | €1,779 | +€98 | +5.8% |
| Gross operating margin | 9900 | €433,085 | €373,527 | -€59,558 | -13.8% |
| Operating profit (loss) | 9901 | €431,404 | €371,748 | -€59,656 | -13.8% |
| Financial income | 75/76B | €13,717 | €16,415 | +€2,699 | +19.7% |
| Recurring financial income | 75 | €13,717 | €16,415 | +€2,699 | +19.7% |
| Financial charges | 65/66B | €117 | €315 | +€198 | +169% |
| Recurring financial charges | 65 | €117 | €315 | +€198 | +169% |
| Profit (loss) for the period before taxes | 9903 | €445,003 | €387,848 | -€57,155 | -12.8% |
| Income taxes | 67/77 | €146,260 | €125,427 | -€20,833 | -14.2% |
| Profit (loss) for the period | 9904 | €298,743 | €262,421 | -€36,322 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €298,743 | €262,421 | -€36,322 | -12.2% |
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 27 October 2026 via checked.be.