DLV Management: 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.
DLV Management
Largest movements
- Receivables within one year +€20,719
up €20,719 (+200.5%), from €10,335 to €31,054
of which Other amounts receivable: +€12,499
- Cash -€3,895
down €3,895 (-31.7%), from €12,285 to €8,390
mainly Receivables within one year (-€20,719) and Tax, wage and social debts (-€10,789)
- Deferred charges and accrued income +€981
up €981 (+126.5%), from €775 to €1,756
- Profit (loss) carried forward +€14,732
up €14,732 (+82.0%), from €17,976 to €32,708
- Trade debts +€14,041
up €14,041 (+61.7%), from €22,746 to €36,787
- Tax, wage and social debts -€10,789
down €10,789 (-48.5%), from €22,245 to €11,456
of which Taxes: -€10,423
- Gross operating margin -€20,559
down €20,559 (-51.9%), from €39,614 to €19,055
- Taxes -€4,766
no longer reported in 2025 (was €4,766)
- Financial charges +€1,699
up €1,699 (+2464.8%), from €69 to €1,768
- Depreciation +€760
up €760 (+50.2%), from €1,513 to €2,273
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 | €64,468 | €82,451 | +€17,984 | +27.9% |
| Formation expenses | 20 | €200 | - | -€200 | |
| Fixed assets | 21/28 | €40,872 | €41,251 | +€379 | +0.9% |
| Tangible fixed assets | 22/27 | €40,872 | €41,251 | +€379 | +0.9% |
| Furniture and vehicles | 24 | €40,872 | €40,086 | -€786 | -1.9% |
| Leasing and similar rights | 25 | - | €1,165 | +€1,165 | |
| Current assets | 29/58 | €23,395 | €41,200 | +€17,805 | +76.1% |
| Amounts receivable within one year | 40/41 | €10,335 | €31,054 | +€20,719 | +200.5% |
| Trade receivables | 40 | €9,848 | €18,068 | +€8,220 | +83.5% |
| Other amounts receivable | 41 | €487 | €12,986 | +€12,499 | +2565.5% |
| Cash at bank and in hand | 54/58 | €12,285 | €8,390 | -€3,895 | -31.7% |
| Deferred charges and accrued income | 490/1 | €775 | €1,756 | +€981 | +126.5% |
| Total equity and liabilities | 10/49 | €64,468 | €82,451 | +€17,984 | +27.9% |
| Equity | 10/15 | €19,476 | €34,208 | +€14,732 | +75.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,976 | €32,708 | +€14,732 | +82.0% |
| Amounts payable | 17/49 | €44,992 | €48,244 | +€3,252 | +7.2% |
| Amounts payable within one year | 42/48 | €44,992 | €48,244 | +€3,252 | +7.2% |
| Trade debts | 44 | €22,746 | €36,787 | +€14,041 | +61.7% |
| Suppliers | 440/4 | €22,746 | €36,787 | +€14,041 | +61.7% |
| Taxes, remuneration and social security | 45 | €22,245 | €11,456 | -€10,789 | -48.5% |
| Taxes | 450/3 | €21,879 | €11,456 | -€10,423 | -47.6% |
| Remuneration and social security | 454/9 | €366 | - | -€366 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,513 | €2,273 | +€760 | +50.2% |
| Other operating charges | 640/8 | €290 | €282 | -€8 | -2.6% |
| Gross operating margin | 9900 | €39,614 | €19,055 | -€20,559 | -51.9% |
| Operating profit (loss) | 9901 | €37,811 | €16,500 | -€21,311 | -56.4% |
| Financial charges | 65/66B | €69 | €1,768 | +€1,699 | +2464.8% |
| Recurring financial charges | 65 | €69 | €1,768 | +€1,699 | +2464.8% |
| Profit (loss) for the period before taxes | 9903 | €37,742 | €14,732 | -€23,010 | -61.0% |
| Income taxes | 67/77 | €4,766 | - | -€4,766 | |
| Profit (loss) for the period | 9904 | €32,976 | €14,732 | -€18,244 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,976 | €14,732 | -€18,244 | -55.3% |
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 5 October 2026 via checked.be.