DR. COOPMAN DAVINIA: 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.
DR. COOPMAN DAVINIA
Largest movements
- Cash -€33,510
down €33,510 (-23.8%), from €140,722 to €107,212
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€2,401)
- Tangible fixed assets -€2,579
down €2,579 (-19.4%), from €13,280 to €10,701
of which Land and buildings: -€2,559
- Receivables within one year +€2,401
up €2,401 (+10.4%), from €23,157 to €25,558
- Reserves -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Profit (loss) carried forward +€16,144
up €16,144 (+335%), from €4,825 to €20,969
- Gross operating margin +€23,371
up €23,371 (+17.6%), from €132,556 to €155,927
- Taxes +€6,353
up €6,353 (+23.9%), from €26,626 to €32,979
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 | €177,485 | €143,841 | -€33,644 | -19.0% |
| Fixed assets | 21/28 | €13,280 | €10,701 | -€2,579 | -19.4% |
| Tangible fixed assets | 22/27 | €13,280 | €10,701 | -€2,579 | -19.4% |
| Land and buildings | 22 | €11,230 | €8,672 | -€2,559 | -22.8% |
| Plant, machinery and equipment | 23 | €1,925 | €2,029 | +€105 | +5.4% |
| Furniture and vehicles | 24 | €125 | - | -€125 | |
| Current assets | 29/58 | €164,205 | €133,140 | -€31,065 | -18.9% |
| Amounts receivable within one year | 40/41 | €23,157 | €25,558 | +€2,401 | +10.4% |
| Other amounts receivable | 41 | €23,157 | €25,558 | +€2,401 | +10.4% |
| Cash at bank and in hand | 54/58 | €140,722 | €107,212 | -€33,510 | -23.8% |
| Deferred charges and accrued income | 490/1 | €326 | €370 | +€44 | +13.5% |
| Total equity and liabilities | 10/49 | €177,485 | €143,841 | -€33,644 | -19.0% |
| Equity | 10/15 | €173,425 | €139,569 | -€33,856 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Distributable reserves | 133 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Profit (loss) carried forward | 14 | €4,825 | €20,969 | +€16,144 | +335% |
| Amounts payable | 17/49 | €4,061 | €4,272 | +€212 | +5.2% |
| Amounts payable within one year | 42/48 | €4,061 | €4,272 | +€212 | +5.2% |
| Trade debts | 44 | €2,413 | €1,815 | -€598 | -24.8% |
| Suppliers | 440/4 | €2,413 | €1,815 | -€598 | -24.8% |
| Taxes, remuneration and social security | 45 | €1,022 | €1,330 | +€308 | +30.1% |
| Taxes | 450/3 | €1,022 | €1,330 | +€308 | +30.1% |
| Other amounts payable | 47/48 | €626 | €1,128 | +€502 | +80.1% |
| Non-recurring operating income | 76A | €6,221 | - | -€6,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,212 | €3,743 | -€469 | -11.1% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €132,556 | €155,927 | +€23,371 | +17.6% |
| Operating profit (loss) | 9901 | €127,830 | €151,656 | +€23,826 | +18.6% |
| Financial income | 75/76B | €67 | €474 | +€407 | +609% |
| Recurring financial income | 75 | €67 | €474 | +€407 | +609% |
| Financial charges | 65/66B | €4,440 | €3,007 | -€1,432 | -32.3% |
| Recurring financial charges | 65 | €4,440 | €3,007 | -€1,432 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €123,458 | €149,123 | +€25,665 | +20.8% |
| Income taxes | 67/77 | €26,626 | €32,979 | +€6,353 | +23.9% |
| Profit (loss) for the period | 9904 | €96,832 | €116,144 | +€19,313 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,832 | €116,144 | +€19,313 | +19.9% |
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 30 October 2026 via checked.be.