DV EUROPE: 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.
DV EUROPE
Largest movements
- Cash +€180,892
up €180,892 (+72.9%), from €248,279 to €429,171
mainly Debts after one year (+€250,000) and Depreciation (+€6,530)
- Tangible fixed assets +€12,968
up €12,968 (+45.6%), from €28,428 to €41,396
of which Furniture and vehicles: +€13,744
- Debts after one year +€250,000
up €250,000 (+200%), from €125,000 to €375,000
- Other debts -€25,310
down €25,310 (-60.0%), from €42,203 to €16,893
- Tax, wage and social debts -€17,335
down €17,335 (-22.1%), from €78,264 to €60,929
of which Remuneration and social security: -€9,358
- Gross operating margin -€71,387
down €71,387 (-38.6%), from €184,761 to €113,375
- Taxes -€22,137
down €22,137 (-90.8%), from €24,378 to €2,241
- Staff costs +€7,896
up €7,896 (+11.0%), from €72,014 to €79,910
- Financial charges +€1,868
up €1,868 (+11.5%), from €16,220 to €18,089
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 | €792,997 | €1,003,847 | +€210,851 | +26.6% |
| Fixed assets | 21/28 | €38,007 | €59,974 | +€21,968 | +57.8% |
| Tangible fixed assets | 22/27 | €28,428 | €41,396 | +€12,968 | +45.6% |
| Plant, machinery and equipment | 23 | €7,835 | €5,601 | -€2,234 | -28.5% |
| Furniture and vehicles | 24 | €11,302 | €25,046 | +€13,744 | +122% |
| Other tangible fixed assets | 26 | €9,291 | €10,749 | +€1,458 | +15.7% |
| Financial fixed assets | 28 | €9,578 | €18,578 | +€9,000 | +94.0% |
| Current assets | 29/58 | €754,990 | €943,873 | +€188,883 | +25.0% |
| Stocks and contracts in progress | 3 | €493,775 | €493,975 | +€200 | 0.0% |
| Stocks | 30/36 | €493,775 | €493,975 | +€200 | 0.0% |
| Amounts receivable within one year | 40/41 | €9,823 | €15,017 | +€5,194 | +52.9% |
| Trade receivables | 40 | €999 | €819 | -€180 | -18.0% |
| Other amounts receivable | 41 | €8,824 | €14,198 | +€5,374 | +60.9% |
| Cash at bank and in hand | 54/58 | €248,279 | €429,171 | +€180,892 | +72.9% |
| Deferred charges and accrued income | 490/1 | €3,113 | €5,710 | +€2,596 | +83.4% |
| Total equity and liabilities | 10/49 | €792,997 | €1,003,847 | +€210,851 | +26.6% |
| Equity | 10/15 | €518,048 | €524,048 | +€6,000 | +1.2% |
| Contributions | 10/11 | €53,700 | €53,700 | = | 0.0% |
| Reserves | 13 | €463,505 | €469,505 | +€6,000 | +1.3% |
| Tax-exempt reserves | 132 | €505 | €505 | = | 0.0% |
| Distributable reserves | 133 | €463,000 | €469,000 | +€6,000 | +1.3% |
| Profit (loss) carried forward | 14 | €843 | €843 | -€0 | 0.0% |
| Amounts payable | 17/49 | €274,949 | €479,799 | +€204,851 | +74.5% |
| Amounts payable after more than one year | 17 | €125,000 | €375,000 | +€250,000 | +200% |
| Financial debts | 170/4 | €125,000 | €375,000 | +€250,000 | +200% |
| Amounts payable within one year | 42/48 | €147,783 | €100,088 | -€47,695 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €3,386 | - | -€3,386 | |
| Trade debts | 44 | €23,929 | €22,266 | -€1,664 | -7.0% |
| Suppliers | 440/4 | €23,929 | €22,266 | -€1,664 | -7.0% |
| Taxes, remuneration and social security | 45 | €78,264 | €60,929 | -€17,335 | -22.1% |
| Taxes | 450/3 | €63,281 | €55,304 | -€7,977 | -12.6% |
| Remuneration and social security | 454/9 | €14,983 | €5,625 | -€9,358 | -62.5% |
| Other amounts payable | 47/48 | €42,203 | €16,893 | -€25,310 | -60.0% |
| Accrued charges and deferred income | 492/3 | €2,166 | €4,712 | +€2,546 | +118% |
| Non-recurring operating income | 76A | €5,652 | - | -€5,652 | |
| Remuneration, social security and pensions | 62 | €72,014 | €79,910 | +€7,896 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,839 | €6,530 | +€691 | +11.8% |
| Other operating charges | 640/8 | €1,307 | €1,276 | -€31 | -2.4% |
| Gross operating margin | 9900 | €184,761 | €113,375 | -€71,387 | -38.6% |
| Operating profit (loss) | 9901 | €105,600 | €25,658 | -€79,942 | -75.7% |
| Financial income | 75/76B | €1,044 | €672 | -€373 | -35.7% |
| Recurring financial income | 75 | €1,044 | €672 | -€373 | -35.7% |
| Financial charges | 65/66B | €16,220 | €18,089 | +€1,868 | +11.5% |
| Recurring financial charges | 65 | €16,220 | €18,089 | +€1,868 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €90,424 | €8,241 | -€82,183 | -90.9% |
| Income taxes | 67/77 | €24,378 | €2,241 | -€22,137 | -90.8% |
| Profit (loss) for the period | 9904 | €66,046 | €6,000 | -€60,046 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,046 | €6,000 | -€60,046 | -90.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.