DEAN DAVEY: 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.
DEAN DAVEY
Largest movements
- Receivables within one year -€12,600
down €12,600 (-100%), from €12,600 to €0
- Cash +€10,171
up €10,171 (+91.9%), from €11,062 to €21,233
mainly Receivables within one year (+€12,600) and Depreciation (+€8,333)
- Tangible fixed assets -€8,333
down €8,333 (-60.3%), from €13,827 to €5,494
- Deferred charges and accrued income -€4,865
down €4,865 (-77.3%), from €6,296 to €1,431
- Profit (loss) carried forward -€17,202
down €17,202 (-11.8%), from €145,961 to €128,759
- Other debts +€5,924
up €5,924, from €0 to €5,924
- Debts after one year -€5,155
down €5,155 (-100%), from €5,155 to €0
- Tax, wage and social debts +€4,553
up €4,553 (+47.5%), from €9,579 to €14,132
- Current portion of long-term debt -€3,442
down €3,442 (-40.0%), from €8,597 to €5,155
- Gross operating margin -€54,906
down €54,906, from €43,199 to -€11,707
- Taxes -€9,402
down €9,402 (-95.5%), from €9,846 to €444
- Financial income -€878
down €878 (-14.8%), from €5,938 to €5,060
- Other operating charges +€666
up €666 (+108%), from €618 to €1,284
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 | €173,470 | €157,561 | -€15,909 | -9.2% |
| Fixed assets | 21/28 | €15,128 | €6,795 | -€8,333 | -55.1% |
| Tangible fixed assets | 22/27 | €13,827 | €5,494 | -€8,333 | -60.3% |
| Furniture and vehicles | 24 | €13,827 | €5,494 | -€8,333 | -60.3% |
| Financial fixed assets | 28 | €1,301 | €1,301 | = | 0.0% |
| Current assets | 29/58 | €158,342 | €150,767 | -€7,576 | -4.8% |
| Amounts receivable after more than one year | 29 | €128,384 | €128,103 | -€281 | -0.2% |
| Other amounts receivable | 291 | €128,384 | €128,103 | -€281 | -0.2% |
| Amounts receivable within one year | 40/41 | €12,600 | €0 | -€12,600 | -100% |
| Trade receivables | 40 | €12,600 | €0 | -€12,600 | -100% |
| Cash at bank and in hand | 54/58 | €11,062 | €21,233 | +€10,171 | +91.9% |
| Deferred charges and accrued income | 490/1 | €6,296 | €1,431 | -€4,865 | -77.3% |
| Total equity and liabilities | 10/49 | €173,470 | €157,561 | -€15,909 | -9.2% |
| Equity | 10/15 | €148,961 | €131,759 | -€17,202 | -11.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,961 | €128,759 | -€17,202 | -11.8% |
| Amounts payable | 17/49 | €24,509 | €25,802 | +€1,293 | +5.3% |
| Amounts payable after more than one year | 17 | €5,155 | €0 | -€5,155 | -100% |
| Financial debts | 170/4 | €5,155 | €0 | -€5,155 | -100% |
| Amounts payable within one year | 42/48 | €19,354 | €25,802 | +€6,448 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €8,597 | €5,155 | -€3,442 | -40.0% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €1,178 | €586 | -€593 | -50.3% |
| Suppliers | 440/4 | €1,178 | €586 | -€593 | -50.3% |
| Taxes, remuneration and social security | 45 | €9,579 | €14,132 | +€4,553 | +47.5% |
| Taxes | 450/3 | €9,579 | €14,132 | +€4,553 | +47.5% |
| Other amounts payable | 47/48 | €0 | €5,924 | +€5,924 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,333 | €8,333 | = | 0.0% |
| Other operating charges | 640/8 | €618 | €1,284 | +€666 | +108% |
| Gross operating margin | 9900 | €43,199 | -€11,707 | -€54,906 | |
| Operating profit (loss) | 9901 | €34,248 | -€21,324 | -€55,573 | |
| Financial income | 75/76B | €5,938 | €5,060 | -€878 | -14.8% |
| Recurring financial income | 75 | €5,938 | €5,060 | -€878 | -14.8% |
| Financial charges | 65/66B | €750 | €494 | -€256 | -34.1% |
| Recurring financial charges | 65 | €750 | €494 | -€256 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €39,437 | -€16,758 | -€56,195 | |
| Income taxes | 67/77 | €9,846 | €444 | -€9,402 | -95.5% |
| Profit (loss) for the period | 9904 | €29,591 | -€17,202 | -€46,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,591 | -€17,202 | -€46,793 |
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 14 October 2026 via checked.be.