DJAV: 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.
DJAV
Largest movements
- Tangible fixed assets -€14,890
down €14,890 (-7.3%), from €204,795 to €189,905
of which Land and buildings: -€13,233
- Receivables within one year +€8,928
up €8,928 (+30.2%), from €29,590 to €38,518
of which Trade receivables: +€4,502
- Cash +€6,083
up €6,083 (+133.6%), from €4,554 to €10,637
mainly Depreciation (+€30,390) and Net result for the year (+€14,390)
- Current portion of long-term debt -€18,810
down €18,810 (-32.7%), from €57,505 to €38,695
- Profit (loss) carried forward +€14,389
up €14,389 (+10.2%), from -€141,057 to -€126,668
- Debts after one year +€10,905
up €10,905 (+4.8%), from €225,654 to €236,559
- Trade debts +€10,405
up €10,405 (+68.6%), from €15,168 to €25,573
- Short-term financial debts -€8,823
down €8,823 (-88.3%), from €9,995 to €1,172
- Gross operating margin -€20,982
down €20,982 (-22.8%), from €91,840 to €70,858
- Financial charges +€9,581
up €9,581 (+65.5%), from €14,637 to €24,218
- Other operating charges +€4,072
up €4,072 (+342.2%), from €1,190 to €5,262
- Financial income +€1,564
up €1,564 (+78.3%), from €1,996 to €3,560
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 | €255,551 | €255,892 | +€341 | +0.1% |
| Fixed assets | 21/28 | €206,202 | €191,312 | -€14,890 | -7.2% |
| Tangible fixed assets | 22/27 | €204,795 | €189,905 | -€14,890 | -7.3% |
| Land and buildings | 22 | €199,974 | €186,741 | -€13,233 | -6.6% |
| Plant, machinery and equipment | 23 | €1,960 | €1,392 | -€568 | -29.0% |
| Furniture and vehicles | 24 | €2,861 | €1,773 | -€1,088 | -38.0% |
| Financial fixed assets | 28 | €1,407 | €1,407 | -€0 | 0.0% |
| Current assets | 29/58 | €49,349 | €64,580 | +€15,231 | +30.9% |
| Stocks and contracts in progress | 3 | €15,205 | €15,426 | +€221 | +1.5% |
| Stocks | 30/36 | €15,205 | €15,426 | +€221 | +1.5% |
| Amounts receivable within one year | 40/41 | €29,590 | €38,518 | +€8,928 | +30.2% |
| Trade receivables | 40 | €13,904 | €18,406 | +€4,502 | +32.4% |
| Other amounts receivable | 41 | €15,686 | €20,112 | +€4,426 | +28.2% |
| Cash at bank and in hand | 54/58 | €4,554 | €10,637 | +€6,083 | +133.6% |
| Total equity and liabilities | 10/49 | €255,551 | €255,892 | +€341 | +0.1% |
| Equity | 10/15 | -€132,997 | -€116,630 | +€16,367 | +12.3% |
| Contributions | 10/11 | €6,200 | €8,178 | +€1,978 | +31.9% |
| Capital | 10 | €6,200 | €8,178 | +€1,978 | +31.9% |
| Issued capital | 100 | €18,600 | €20,578 | +€1,978 | +10.6% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,057 | -€126,668 | +€14,389 | +10.2% |
| Amounts payable | 17/49 | €388,548 | €372,522 | -€16,026 | -4.1% |
| Amounts payable after more than one year | 17 | €225,654 | €236,559 | +€10,905 | +4.8% |
| Financial debts | 170/4 | €225,654 | €236,559 | +€10,905 | +4.8% |
| Amounts payable within one year | 42/48 | €162,894 | €135,963 | -€26,931 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €57,505 | €38,695 | -€18,810 | -32.7% |
| Financial debts | 43 | €9,995 | €1,172 | -€8,823 | -88.3% |
| Credit institutions | 430/8 | €9,995 | €1,172 | -€8,823 | -88.3% |
| Trade debts | 44 | €15,168 | €25,573 | +€10,405 | +68.6% |
| Suppliers | 440/4 | €15,168 | €25,573 | +€10,405 | +68.6% |
| Taxes, remuneration and social security | 45 | €14,940 | €7,421 | -€7,519 | -50.3% |
| Taxes | 450/3 | €13,356 | €6,928 | -€6,428 | -48.1% |
| Remuneration and social security | 454/9 | €1,584 | €493 | -€1,091 | -68.9% |
| Other amounts payable | 47/48 | €65,286 | €63,102 | -€2,184 | -3.3% |
| Remuneration, social security and pensions | 62 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,523 | €30,390 | +€867 | +2.9% |
| Other operating charges | 640/8 | €1,190 | €5,262 | +€4,072 | +342.2% |
| Gross operating margin | 9900 | €91,840 | €70,858 | -€20,982 | -22.8% |
| Operating profit (loss) | 9901 | €61,127 | €35,056 | -€26,071 | -42.7% |
| Financial income | 75/76B | €1,996 | €3,560 | +€1,564 | +78.3% |
| Recurring financial income | 75 | €1,996 | €3,560 | +€1,564 | +78.3% |
| Financial charges | 65/66B | €14,637 | €24,218 | +€9,581 | +65.5% |
| Recurring financial charges | 65 | €14,637 | €24,218 | +€9,581 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €48,486 | €14,398 | -€34,088 | -70.3% |
| Income taxes | 67/77 | €383 | €8 | -€375 | -97.9% |
| Profit (loss) for the period | 9904 | €48,103 | €14,390 | -€33,713 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,103 | €14,390 | -€33,713 | -70.1% |
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 4 October 2026 via checked.be.