DV CONCEPTS: 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.
DV CONCEPTS
Largest movements
- Receivables within one year +€23,089
up €23,089 (+162.1%), from €14,247 to €37,336
of which Trade receivables: +€21,128
- Cash +€15,228
up €15,228 (+38.1%), from €39,952 to €55,180
mainly Net result for the year (+€36,540) and Depreciation (+€1,870)
- Tangible fixed assets -€2,632
down €2,632 (-18.7%), from €14,070 to €11,438
- Reserves +€36,540
up €36,540 (+83.2%), from €43,942 to €80,482
- Trade debts -€2,424
down €2,424 (-88.8%), from €2,729 to €304
- Gross operating margin +€7,550
up €7,550 (+17.6%), from €42,982 to €50,532
- Taxes +€1,795
up €1,795 (+20.5%), from €8,744 to €10,539
- Depreciation +€590
up €590 (+46.0%), from €1,280 to €1,870
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 | €68,719 | €103,954 | +€35,235 | +51.3% |
| Fixed assets | 21/28 | €14,070 | €11,438 | -€2,632 | -18.7% |
| Tangible fixed assets | 22/27 | €14,070 | €11,438 | -€2,632 | -18.7% |
| Land and buildings | 22 | €762 | €0 | -€762 | -100.0% |
| Plant, machinery and equipment | 23 | €1,706 | €1,062 | -€644 | -37.8% |
| Furniture and vehicles | 24 | €11,602 | €10,376 | -€1,226 | -10.6% |
| Current assets | 29/58 | €54,649 | €92,516 | +€37,867 | +69.3% |
| Amounts receivable within one year | 40/41 | €14,247 | €37,336 | +€23,089 | +162.1% |
| Trade receivables | 40 | €14,247 | €35,375 | +€21,128 | +148.3% |
| Other amounts receivable | 41 | - | €1,961 | +€1,961 | |
| Cash at bank and in hand | 54/58 | €39,952 | €55,180 | +€15,228 | +38.1% |
| Deferred charges and accrued income | 490/1 | €450 | €0 | -€450 | -100.0% |
| Total equity and liabilities | 10/49 | €68,719 | €103,954 | +€35,235 | +51.3% |
| Equity | 10/15 | €46,942 | €83,482 | +€36,540 | +77.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,942 | €80,482 | +€36,540 | +83.2% |
| Distributable reserves | 133 | €43,942 | €80,482 | +€36,540 | +83.2% |
| Amounts payable | 17/49 | €21,777 | €20,472 | -€1,305 | -6.0% |
| Amounts payable within one year | 42/48 | €21,777 | €20,472 | -€1,305 | -6.0% |
| Trade debts | 44 | €2,729 | €304 | -€2,424 | -88.8% |
| Suppliers | 440/4 | €2,729 | €304 | -€2,424 | -88.8% |
| Taxes, remuneration and social security | 45 | €17,059 | €17,855 | +€797 | +4.7% |
| Taxes | 450/3 | €17,059 | €17,855 | +€797 | +4.7% |
| Other amounts payable | 47/48 | €1,990 | €2,312 | +€323 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,280 | €1,870 | +€590 | +46.0% |
| Other operating charges | 640/8 | €836 | €465 | -€370 | -44.3% |
| Non-recurring operating charges | 66A | - | €762 | +€762 | |
| Gross operating margin | 9900 | €42,982 | €50,532 | +€7,550 | +17.6% |
| Operating profit (loss) | 9901 | €40,866 | €47,434 | +€6,568 | +16.1% |
| Financial charges | 65/66B | €469 | €356 | -€113 | -24.2% |
| Recurring financial charges | 65 | €469 | €356 | -€113 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €40,397 | €47,079 | +€6,682 | +16.5% |
| Income taxes | 67/77 | €8,744 | €10,539 | +€1,795 | +20.5% |
| Profit (loss) for the period | 9904 | €31,653 | €36,540 | +€4,886 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,653 | €36,540 | +€4,886 | +15.4% |
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 3 October 2026 via checked.be.