DBV: what changed
Two fiscal 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.
DBV
Largest movements
- Receivables within one year -€21,707
down €21,707 (-62.7%), from €34,615 to €12,908
of which Trade receivables: -€19,833
- Cash +€15,812
up €15,812 (+22.8%), from €69,405 to €85,217
mainly Receivables within one year (+€21,707) and Net result for the year (+€11,352)
- Tangible fixed assets -€12,692
down €12,692 (-43.7%), from €29,065 to €16,373
of which Plant, machinery and equipment: -€7,056
- Intangible fixed assets +€2,709
new in 2025: €2,709
- Trade debts -€24,828
down €24,828 (-89.1%), from €27,866 to €3,038
- Reserves +€11,300
up €11,300 (+23.9%), from €47,300 to €58,600
- Debts after one year -€4,708
down €4,708 (-40.2%), from €11,699 to €6,990
- Tax, wage and social debts +€1,637
up €1,637 (+748.4%), from €219 to €1,856
- Gross operating margin -€23,003
down €23,003 (-62.8%), from €36,637 to €13,634
- Financial income +€19,482
up €19,482 (+28806.7%), from €68 to €19,550
- Depreciation -€5,420
down €5,420 (-35.2%), from €15,403 to €9,983
- Other operating charges -€3,992
down €3,992 (-48.1%), from €8,299 to €4,307
- Taxes +€2,639
up €2,639 (+62.4%), from €4,230 to €6,869
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.
Cash bridge derived
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 | €135,880 | €120,672 | -€15,208 | -11.2% |
| Fixed assets | 21/28 | €31,855 | €21,873 | -€9,983 | -31.3% |
| Intangible fixed assets | 21 | - | €2,709 | +€2,709 | |
| Tangible fixed assets | 22/27 | €29,065 | €16,373 | -€12,692 | -43.7% |
| Plant, machinery and equipment | 23 | €12,574 | €5,518 | -€7,056 | -56.1% |
| Furniture and vehicles | 24 | €16,491 | €10,856 | -€5,636 | -34.2% |
| Financial fixed assets | 28 | €2,790 | €2,790 | = | 0.0% |
| Current assets | 29/58 | €104,024 | €98,799 | -€5,225 | -5.0% |
| Amounts receivable within one year | 40/41 | €34,615 | €12,908 | -€21,707 | -62.7% |
| Trade receivables | 40 | €21,509 | €1,676 | -€19,833 | -92.2% |
| Other amounts receivable | 41 | €13,106 | €11,232 | -€1,874 | -14.3% |
| Cash at bank and in hand | 54/58 | €69,405 | €85,217 | +€15,812 | +22.8% |
| Deferred charges and accrued income | 490/1 | €4 | €674 | +€669 | +15213.4% |
| Total equity and liabilities | 10/49 | €135,880 | €120,672 | -€15,208 | -11.2% |
| Equity | 10/15 | €66,483 | €77,836 | +€11,352 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,300 | €58,600 | +€11,300 | +23.9% |
| Distributable reserves | 133 | €47,300 | €58,600 | +€11,300 | +23.9% |
| Profit (loss) carried forward | 14 | €583 | €636 | +€52 | +9.0% |
| Amounts payable | 17/49 | €69,396 | €42,836 | -€26,561 | -38.3% |
| Amounts payable after more than one year | 17 | €11,699 | €6,990 | -€4,708 | -40.2% |
| Financial debts | 170/4 | €11,699 | €6,990 | -€4,708 | -40.2% |
| Amounts payable within one year | 42/48 | €57,698 | €35,845 | -€21,852 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €4,529 | €4,708 | +€179 | +4.0% |
| Trade debts | 44 | €27,866 | €3,038 | -€24,828 | -89.1% |
| Suppliers | 440/4 | €27,866 | €3,038 | -€24,828 | -89.1% |
| Taxes, remuneration and social security | 45 | €219 | €1,856 | +€1,637 | +748.4% |
| Taxes | 450/3 | €219 | €1,856 | +€1,637 | +748.4% |
| Other amounts payable | 47/48 | €25,084 | €26,244 | +€1,160 | +4.6% |
| Non-recurring operating income | 76A | €865 | - | -€865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,403 | €9,983 | -€5,420 | -35.2% |
| Other operating charges | 640/8 | €8,299 | €4,307 | -€3,992 | -48.1% |
| Gross operating margin | 9900 | €36,637 | €13,634 | -€23,003 | -62.8% |
| Operating profit (loss) | 9901 | €12,935 | -€656 | -€13,590 | |
| Financial income | 75/76B | €68 | €19,550 | +€19,482 | +28806.7% |
| Recurring financial income | 75 | €68 | €19,550 | +€19,482 | +28806.7% |
| Financial charges | 65/66B | €1,426 | €673 | -€753 | -52.8% |
| Recurring financial charges | 65 | €1,426 | €673 | -€753 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €11,576 | €18,221 | +€6,645 | +57.4% |
| Income taxes | 67/77 | €4,230 | €6,869 | +€2,639 | +62.4% |
| Profit (loss) for the period | 9904 | €7,346 | €11,352 | +€4,006 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,346 | €11,352 | +€4,006 | +54.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.