DV Civil: what changed
DV Civil
Largest movements
- Receivables within one year +€171,596
up €171,596 (+171%), from €100,361 to €271,957
of which Other amounts receivable: +€218,290
- Cash -€131,800
down €131,800 (-83.2%), from €158,494 to €26,694
mainly Receivables within one year (-€171,596) and Investment in fixed assets (net) (-€72,522)
- Tangible fixed assets +€53,056
up €53,056 (+28.3%), from €187,541 to €240,597
of which Furniture and vehicles: +€62,307
- Deferred charges and accrued income +€23,674
up €23,674 (+1,751%), from €1,352 to €25,026
- Current investments -€12,383
down €12,383 (-5.2%), from €239,180 to €226,797
- Reserves +€115,748
up €115,748 (+29.3%), from €394,779 to €510,527
- Tax, wage and social debts -€45,210
down €45,210 (-35.4%), from €127,766 to €82,557
- Debts after one year +€26,562
up €26,562 (+17.9%), from €148,364 to €174,926
- Current portion of long-term debt +€12,244
up €12,244 (+148%), from €8,276 to €20,520
- Gross operating margin -€103,555
down €103,555 (-36.8%), from €281,276 to €177,721
- Taxes -€20,726
down €20,726 (-37.0%), from €56,070 to €35,343
- Depreciation -€14,299
down €14,299 (-42.3%), from €33,765 to €19,466
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,928 | €791,071 | +€104,143 | +15.2% |
| Fixed assets | 21/28 | €187,541 | €240,597 | +€53,056 | +28.3% |
| Tangible fixed assets | 22/27 | €187,541 | €240,597 | +€53,056 | +28.3% |
| Land and buildings | 22 | €178,887 | €169,637 | -€9,250 | -5.2% |
| Furniture and vehicles | 24 | €8,654 | €70,960 | +€62,307 | +720% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €499,387 | €550,474 | +€51,087 | +10.2% |
| Amounts receivable within one year | 40/41 | €100,361 | €271,957 | +€171,596 | +171% |
| Trade receivables | 40 | €64,651 | €17,957 | -€46,694 | -72.2% |
| Other amounts receivable | 41 | €35,711 | €254,000 | +€218,290 | +611% |
| Current investments | 50/53 | €239,180 | €226,797 | -€12,383 | -5.2% |
| Cash at bank and in hand | 54/58 | €158,494 | €26,694 | -€131,800 | -83.2% |
| Deferred charges and accrued income | 490/1 | €1,352 | €25,026 | +€23,674 | +1,751% |
| Total equity and liabilities | 10/49 | €686,928 | €791,071 | +€104,143 | +15.2% |
| Equity | 10/15 | €395,279 | €511,027 | +€115,748 | +29.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €394,779 | €510,527 | +€115,748 | +29.3% |
| Distributable reserves | 133 | €394,779 | €510,527 | +€115,748 | +29.3% |
| Amounts payable | 17/49 | €291,649 | €280,044 | -€11,605 | -4.0% |
| Amounts payable after more than one year | 17 | €148,364 | €174,926 | +€26,562 | +17.9% |
| Financial debts | 170/4 | €148,364 | €174,926 | +€26,562 | +17.9% |
| Amounts payable within one year | 42/48 | €142,338 | €104,185 | -€38,154 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €8,276 | €20,520 | +€12,244 | +148% |
| Trade debts | 44 | €6,296 | €1,108 | -€5,188 | -82.4% |
| Suppliers | 440/4 | €6,296 | €1,108 | -€5,188 | -82.4% |
| Taxes, remuneration and social security | 45 | €127,766 | €82,557 | -€45,210 | -35.4% |
| Taxes | 450/3 | €127,766 | €82,557 | -€45,210 | -35.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €946 | €933 | -€13 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,765 | €19,466 | -€14,299 | -42.3% |
| Other operating charges | 640/8 | €5,497 | €3,156 | -€2,341 | -42.6% |
| Gross operating margin | 9900 | €281,276 | €177,721 | -€103,555 | -36.8% |
| Operating profit (loss) | 9901 | €242,014 | €155,099 | -€86,914 | -35.9% |
| Financial income | 75/76B | €1,699 | €3,637 | +€1,938 | +114% |
| Recurring financial income | 75 | €1,699 | €3,637 | +€1,938 | +114% |
| Financial charges | 65/66B | €6,126 | €7,645 | +€1,519 | +24.8% |
| Recurring financial charges | 65 | €6,126 | €7,645 | +€1,519 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €237,587 | €151,091 | -€86,495 | -36.4% |
| Income taxes | 67/77 | €56,070 | €35,343 | -€20,726 | -37.0% |
| Profit (loss) for the period | 9904 | €181,517 | €115,748 | -€65,769 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €181,517 | €115,748 | -€65,769 | -36.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.