DV FINANCES: 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 FINANCES
Largest movements
- Receivables within one year -€79,876
no longer reported in 2025 (was €79,876)
of which Other amounts receivable: -€79,156
- Tangible fixed assets -€17,950
down €17,950 (-3.4%), from €529,277 to €511,327
of which Land and buildings: -€16,036
- Short-term financial debts -€127,379
no longer reported in 2025 (was €127,379)
- Other debts +€39,966
new in 2025: €39,966
- Trade debts +€19,751
up €19,751 (+858%), from €2,302 to €22,053
- Debts after one year -€18,957
down €18,957 (-6.3%), from €299,506 to €280,549
- Gross operating margin +€42,998
up €42,998, from -€22,451 to €20,547
- Depreciation -€29,151
down €29,151 (-61.9%), from €47,102 to €17,951
- Financial charges -€6,208
down €6,208 (-29.6%), from €20,953 to €14,745
- Other operating charges +€1,717
new in 2025: €1,717
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 | €612,768 | €513,118 | -€99,650 | -16.3% |
| Fixed assets | 21/28 | €529,277 | €511,327 | -€17,950 | -3.4% |
| Tangible fixed assets | 22/27 | €529,277 | €511,327 | -€17,950 | -3.4% |
| Land and buildings | 22 | €505,352 | €489,316 | -€16,036 | -3.2% |
| Plant, machinery and equipment | 23 | €113 | - | -€113 | |
| Furniture and vehicles | 24 | €1,950 | €1,298 | -€652 | -33.4% |
| Other tangible fixed assets | 26 | €21,862 | €20,713 | -€1,149 | -5.3% |
| Current assets | 29/58 | €83,491 | €1,791 | -€81,700 | -97.9% |
| Amounts receivable within one year | 40/41 | €79,876 | - | -€79,876 | |
| Trade receivables | 40 | €720 | - | -€720 | |
| Other amounts receivable | 41 | €79,156 | - | -€79,156 | |
| Cash at bank and in hand | 54/58 | €3,035 | €1,211 | -€1,824 | -60.1% |
| Deferred charges and accrued income | 490/1 | €580 | €580 | = | 0.0% |
| Total equity and liabilities | 10/49 | €612,768 | €513,118 | -€99,650 | -16.3% |
| Equity | 10/15 | €100,073 | €88,244 | -€11,829 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €225,883 | €219,770 | -€6,113 | -2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,707 | €190,594 | -€6,113 | -3.1% |
| Distributable reserves | 133 | €27,316 | €27,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,410 | -€150,126 | -€5,716 | -4.0% |
| Provisions and deferred taxes | 16 | €65,568 | €63,531 | -€2,037 | -3.1% |
| Deferred taxes | 168 | €65,568 | €63,531 | -€2,037 | -3.1% |
| Amounts payable | 17/49 | €447,127 | €361,343 | -€85,784 | -19.2% |
| Amounts payable after more than one year | 17 | €299,506 | €280,549 | -€18,957 | -6.3% |
| Financial debts | 170/4 | €299,506 | €280,549 | -€18,957 | -6.3% |
| Amounts payable within one year | 42/48 | €147,621 | €80,794 | -€66,827 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €17,940 | €18,775 | +€835 | +4.7% |
| Financial debts | 43 | €127,379 | - | -€127,379 | |
| Credit institutions | 430/8 | €127,379 | - | -€127,379 | |
| Trade debts | 44 | €2,302 | €22,053 | +€19,751 | +858% |
| Suppliers | 440/4 | €2,302 | €22,053 | +€19,751 | +858% |
| Other amounts payable | 47/48 | - | €39,966 | +€39,966 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,102 | €17,951 | -€29,151 | -61.9% |
| Other operating charges | 640/8 | - | €1,717 | +€1,717 | |
| Gross operating margin | 9900 | -€22,451 | €20,547 | +€42,998 | |
| Operating profit (loss) | 9901 | -€69,553 | €879 | +€70,432 | |
| Financial charges | 65/66B | €20,953 | €14,745 | -€6,208 | -29.6% |
| Recurring financial charges | 65 | €20,953 | €14,745 | -€6,208 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€90,506 | -€13,866 | +€76,640 | +84.7% |
| Transfer from deferred taxes | 780 | €1,177 | €2,037 | +€860 | +73.1% |
| Profit (loss) for the period | 9904 | -€89,329 | -€11,829 | +€77,500 | +86.8% |
| Transfer from tax-exempt reserves | 789 | €3,531 | €6,113 | +€2,582 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,798 | -€5,716 | +€80,082 | +93.3% |
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 22 October 2026 via checked.be.