Duversa: 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.
Duversa
Largest movements
- Cash -€111,724
down €111,724 (-96.7%), from €115,500 to €3,776
mainly Debts after one year (-€249,637) and Investment in fixed assets (net) (-€93,442)
- Tangible fixed assets +€62,485
up €62,485 (+19.0%), from €328,277 to €390,761
of which Land and buildings: +€73,292
- Debts after one year -€249,637
down €249,637 (-19.0%), from €1.3m to €1.1m
of which Financial debts: -€169,637
- Profit (loss) carried forward +€69,749
up €69,749 (+54.7%), from €127,476 to €197,224
- Trade debts +€55,697
up €55,697 (+181.6%), from €30,677 to €86,374
- Current portion of long-term debt +€41,089
up €41,089 (+17.8%), from €231,190 to €272,279
- Gross operating margin -€36,170
down €36,170 (-18.4%), from €196,600 to €160,430
- Financial charges +€20,980
up €20,980 (+171.8%), from €12,215 to €33,195
- Depreciation +€14,789
up €14,789 (+91.5%), from €16,168 to €30,957
- Taxes -€13,685
down €13,685 (-36.5%), from €37,450 to €23,765
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 | €1,781,109 | €1,726,108 | -€55,000 | -3.1% |
| Fixed assets | 21/28 | €1,328,277 | €1,390,761 | +€62,485 | +4.7% |
| Tangible fixed assets | 22/27 | €328,277 | €390,761 | +€62,485 | +19.0% |
| Land and buildings | 22 | €64,966 | €138,257 | +€73,292 | +112.8% |
| Furniture and vehicles | 24 | €3,430 | €5,127 | +€1,697 | +49.5% |
| Other tangible fixed assets | 26 | €259,881 | €247,377 | -€12,504 | -4.8% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €452,832 | €335,347 | -€117,485 | -25.9% |
| Amounts receivable after more than one year | 29 | €261,887 | €261,887 | = | 0.0% |
| Other amounts receivable | 291 | €261,887 | €261,887 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,765 | €66,579 | -€6,186 | -8.5% |
| Trade receivables | 40 | €70,180 | €50,242 | -€19,938 | -28.4% |
| Other amounts receivable | 41 | €2,585 | €16,337 | +€13,752 | +531.9% |
| Cash at bank and in hand | 54/58 | €115,500 | €3,776 | -€111,724 | -96.7% |
| Deferred charges and accrued income | 490/1 | €2,680 | €3,105 | +€425 | +15.9% |
| Total equity and liabilities | 10/49 | €1,781,109 | €1,726,108 | -€55,000 | -3.1% |
| Equity | 10/15 | €132,476 | €202,224 | +€69,749 | +52.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,476 | €197,224 | +€69,749 | +54.7% |
| Amounts payable | 17/49 | €1,648,633 | €1,523,884 | -€124,749 | -7.6% |
| Amounts payable after more than one year | 17 | €1,310,941 | €1,061,303 | -€249,637 | -19.0% |
| Financial debts | 170/4 | €912,659 | €743,022 | -€169,637 | -18.6% |
| Other amounts payable | 178/9 | €398,282 | €318,282 | -€80,000 | -20.1% |
| Amounts payable within one year | 42/48 | €337,067 | €462,039 | +€124,972 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €231,190 | €272,279 | +€41,089 | +17.8% |
| Financial debts | 43 | €12,694 | €13,486 | +€792 | +6.2% |
| Credit institutions | 430/8 | €12,694 | €13,486 | +€792 | +6.2% |
| Trade debts | 44 | €30,677 | €86,374 | +€55,697 | +181.6% |
| Suppliers | 440/4 | €30,677 | €86,374 | +€55,697 | +181.6% |
| Advances received on contracts in progress | 46 | - | €10,765 | +€10,765 | |
| Taxes, remuneration and social security | 45 | €15,771 | €15,214 | -€557 | -3.5% |
| Taxes | 450/3 | €14,526 | €13,962 | -€564 | -3.9% |
| Remuneration and social security | 454/9 | €1,245 | €1,252 | +€7 | +0.6% |
| Other amounts payable | 47/48 | €46,735 | €63,920 | +€17,186 | +36.8% |
| Accrued charges and deferred income | 492/3 | €626 | €542 | -€84 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,168 | €30,957 | +€14,789 | +91.5% |
| Other operating charges | 640/8 | €3,291 | €2,774 | -€517 | -15.7% |
| Gross operating margin | 9900 | €196,600 | €160,430 | -€36,170 | -18.4% |
| Operating profit (loss) | 9901 | €177,141 | €126,699 | -€50,442 | -28.5% |
| Financial income | 75/76B | €0 | €10 | +€10 | +99900.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +99900.0% |
| Financial charges | 65/66B | €12,215 | €33,195 | +€20,980 | +171.8% |
| Recurring financial charges | 65 | €12,215 | €33,195 | +€20,980 | +171.8% |
| Profit (loss) for the period before taxes | 9903 | €164,926 | €93,514 | -€71,412 | -43.3% |
| Income taxes | 67/77 | €37,450 | €23,765 | -€13,685 | -36.5% |
| Profit (loss) for the period | 9904 | €127,476 | €69,749 | -€57,727 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €127,476 | €69,749 | -€57,727 | -45.3% |
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 9 October 2026 via checked.be.