DV FRATELLI: 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 FRATELLI
Largest movements
- Receivables after one year -€15,397
down €15,397 (-63.1%), from €24,397 to €9,000
of which Other amounts receivable: -€15,397
- Receivables within one year -€11,577
down €11,577 (-90.0%), from €12,867 to €1,290
- Stocks and contracts +€4,290
up €4,290 (+81.5%), from €5,260 to €9,550
- Tangible fixed assets -€4,277
down €4,277 (-7.6%), from €55,983 to €51,706
of which Plant, machinery and equipment: -€5,500
- Trade debts -€69,441
down €69,441 (-97.8%), from €71,002 to €1,561
- Debts after one year +€38,892
new in 2025: €38,892
of which Trade debts: +€35,461
- Profit (loss) carried forward +€4,581
up €4,581 (+29.3%), from €15,633 to €20,215
- Taxes +€7,060
new in 2025: €7,060
- Gross operating margin -€6,539
down €6,539 (-4.1%), from €158,667 to €152,128
- Staff costs -€4,074
down €4,074 (-3.2%), from €127,886 to €123,812
- Depreciation +€1,921
up €1,921 (+29.1%), from €6,606 to €8,527
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 | €114,255 | €87,645 | -€26,610 | -23.3% |
| Fixed assets | 21/28 | €60,663 | €56,386 | -€4,277 | -7.1% |
| Tangible fixed assets | 22/27 | €55,983 | €51,706 | -€4,277 | -7.6% |
| Plant, machinery and equipment | 23 | €45,642 | €40,142 | -€5,500 | -12.1% |
| Furniture and vehicles | 24 | - | €3,731 | +€3,731 | |
| Other tangible fixed assets | 26 | €10,341 | €7,833 | -€2,508 | -24.3% |
| Financial fixed assets | 28 | €4,680 | €4,680 | = | 0.0% |
| Current assets | 29/58 | €53,592 | €31,259 | -€22,332 | -41.7% |
| Amounts receivable after more than one year | 29 | €24,397 | €9,000 | -€15,397 | -63.1% |
| Trade receivables | 290 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,397 | - | -€15,397 | |
| Stocks and contracts in progress | 3 | €5,260 | €9,550 | +€4,290 | +81.5% |
| Stocks | 30/36 | €5,260 | €9,550 | +€4,290 | +81.5% |
| Amounts receivable within one year | 40/41 | €12,867 | €1,290 | -€11,577 | -90.0% |
| Trade receivables | 40 | €12,867 | €1,290 | -€11,577 | -90.0% |
| Cash at bank and in hand | 54/58 | €11,067 | €11,419 | +€352 | +3.2% |
| Total equity and liabilities | 10/49 | €114,255 | €87,645 | -€26,610 | -23.3% |
| Equity | 10/15 | €18,633 | €23,215 | +€4,581 | +24.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,633 | €20,215 | +€4,581 | +29.3% |
| Amounts payable | 17/49 | €95,621 | €64,430 | -€31,191 | -32.6% |
| Amounts payable after more than one year | 17 | - | €38,892 | +€38,892 | |
| Financial debts | 170/4 | - | €3,430 | +€3,430 | |
| Trade debts | 175 | - | €35,461 | +€35,461 | |
| Amounts payable within one year | 42/48 | €95,621 | €25,539 | -€70,083 | -73.3% |
| Trade debts | 44 | €71,002 | €1,561 | -€69,441 | -97.8% |
| Suppliers | 440/4 | €71,002 | €1,561 | -€69,441 | -97.8% |
| Taxes, remuneration and social security | 45 | €24,619 | €23,978 | -€641 | -2.6% |
| Taxes | 450/3 | €12,694 | €6,046 | -€6,648 | -52.4% |
| Remuneration and social security | 454/9 | €11,925 | €17,932 | +€6,007 | +50.4% |
| Remuneration, social security and pensions | 62 | €127,886 | €123,812 | -€4,074 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,606 | €8,527 | +€1,921 | +29.1% |
| Other operating charges | 640/8 | €782 | €404 | -€378 | -48.4% |
| Gross operating margin | 9900 | €158,667 | €152,128 | -€6,539 | -4.1% |
| Operating profit (loss) | 9901 | €23,394 | €19,385 | -€4,009 | -17.1% |
| Financial income | 75/76B | €401 | €899 | +€497 | +124% |
| Recurring financial income | 75 | €401 | €899 | +€497 | +124% |
| Financial charges | 65/66B | €8,419 | €8,642 | +€223 | +2.7% |
| Recurring financial charges | 65 | €8,419 | €8,642 | +€223 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €15,376 | €11,642 | -€3,734 | -24.3% |
| Income taxes | 67/77 | - | €7,060 | +€7,060 | |
| Profit (loss) for the period | 9904 | €15,376 | €4,581 | -€10,795 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,376 | €4,581 | -€10,795 | -70.2% |
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.