DDVW: 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.
DDVW
Largest movements
- Cash -€163,605
down €163,605 (-74.5%), from €219,647 to €56,041
mainly Receivables within one year (-€139,525) and Tax, wage and social debts (-€109,956)
- Receivables within one year +€139,525
up €139,525 (+59.3%), from €235,242 to €374,767
of which Trade receivables: +€73,527
- Tangible fixed assets -€51,107
down €51,107 (-29.9%), from €170,658 to €119,550
of which Furniture and vehicles: -€45,071
- Tax, wage and social debts -€109,956
down €109,956 (-58.5%), from €187,865 to €77,909
- Reserves +€38,341
up €38,341 (+9.3%), from €410,366 to €448,707
- Gross operating margin -€137,378
down €137,378 (-52.7%), from €260,670 to €123,291
- Staff costs -€31,357
down €31,357 (-99.5%), from €31,506 to €149
- Taxes -€31,340
down €31,340 (-57.4%), from €54,625 to €23,285
- Depreciation +€8,185
up €8,185 (+16.6%), from €49,214 to €57,399
- Other operating charges -€6,341
down €6,341 (-63.9%), from €9,928 to €3,586
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 | €636,995 | €557,852 | -€79,143 | -12.4% |
| Fixed assets | 21/28 | €170,658 | €119,550 | -€51,107 | -29.9% |
| Tangible fixed assets | 22/27 | €170,658 | €119,550 | -€51,107 | -29.9% |
| Plant, machinery and equipment | 23 | €6,003 | €5,700 | -€303 | -5.1% |
| Furniture and vehicles | 24 | €134,502 | €89,431 | -€45,071 | -33.5% |
| Leasing and similar rights | 25 | €30,153 | €24,420 | -€5,733 | -19.0% |
| Current assets | 29/58 | €466,338 | €438,302 | -€28,036 | -6.0% |
| Stocks and contracts in progress | 3 | €460 | €734 | +€274 | +59.5% |
| Stocks | 30/36 | €460 | €734 | +€274 | +59.5% |
| Amounts receivable within one year | 40/41 | €235,242 | €374,767 | +€139,525 | +59.3% |
| Trade receivables | 40 | €113,405 | €186,932 | +€73,527 | +64.8% |
| Other amounts receivable | 41 | €121,837 | €187,835 | +€65,998 | +54.2% |
| Cash at bank and in hand | 54/58 | €219,647 | €56,041 | -€163,605 | -74.5% |
| Deferred charges and accrued income | 490/1 | €10,988 | €6,760 | -€4,229 | -38.5% |
| Total equity and liabilities | 10/49 | €636,995 | €557,852 | -€79,143 | -12.4% |
| Equity | 10/15 | €411,366 | €449,707 | +€38,341 | +9.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €410,366 | €448,707 | +€38,341 | +9.3% |
| Distributable reserves | 133 | €410,366 | €448,707 | +€38,341 | +9.3% |
| Amounts payable | 17/49 | €225,629 | €108,145 | -€117,483 | -52.1% |
| Amounts payable after more than one year | 17 | €24,420 | €18,434 | -€5,986 | -24.5% |
| Financial debts | 170/4 | €24,420 | €18,434 | -€5,986 | -24.5% |
| Amounts payable within one year | 42/48 | €199,726 | €89,245 | -€110,481 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €5,733 | €5,986 | +€253 | +4.4% |
| Trade debts | 44 | €6,128 | €5,350 | -€778 | -12.7% |
| Suppliers | 440/4 | €6,128 | €5,350 | -€778 | -12.7% |
| Taxes, remuneration and social security | 45 | €187,865 | €77,909 | -€109,956 | -58.5% |
| Taxes | 450/3 | €187,865 | €77,909 | -€109,956 | -58.5% |
| Accrued charges and deferred income | 492/3 | €1,483 | €467 | -€1,016 | -68.5% |
| Remuneration, social security and pensions | 62 | €31,506 | €149 | -€31,357 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,214 | €57,399 | +€8,185 | +16.6% |
| Other operating charges | 640/8 | €9,928 | €3,586 | -€6,341 | -63.9% |
| Non-recurring operating charges | 66A | €1,433 | - | -€1,433 | |
| Gross operating margin | 9900 | €260,670 | €123,291 | -€137,378 | -52.7% |
| Operating profit (loss) | 9901 | €168,588 | €62,157 | -€106,431 | -63.1% |
| Financial income | 75/76B | €755 | €787 | +€33 | +4.3% |
| Recurring financial income | 75 | €755 | €787 | +€33 | +4.3% |
| Financial charges | 65/66B | €840 | €1,319 | +€479 | +56.9% |
| Recurring financial charges | 65 | €840 | €1,319 | +€479 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €168,503 | €61,625 | -€106,877 | -63.4% |
| Income taxes | 67/77 | €54,625 | €23,285 | -€31,340 | -57.4% |
| Profit (loss) for the period | 9904 | €113,878 | €38,341 | -€75,537 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,878 | €38,341 | -€75,537 | -66.3% |
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 30 September 2026 via checked.be.