DV LIGHTING: 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 LIGHTING
Largest movements
- Receivables within one year +€68,875
up €68,875 (+64.4%), from €107,022 to €175,897
of which Trade receivables: +€90,288
- Stocks and contracts -€10,928
down €10,928 (-35.4%), from €30,865 to €19,938
- Deferred charges and accrued income +€7,342
up €7,342 (+208%), from €3,523 to €10,865
- Tangible fixed assets -€6,831
down €6,831 (-14.8%), from €46,139 to €39,308
of which Furniture and vehicles: -€6,096
- Profit (loss) carried forward -€52,732
down €52,732 (-108%), from -€48,997 to -€101,729
- Trade debts +€47,295
up €47,295 (+150%), from €31,564 to €78,859
- Debts after one year +€34,218
up €34,218 (+173%), from €19,723 to €53,941
- Current portion of long-term debt +€14,292
up €14,292 (+181%), from €7,880 to €22,172
- Other debts +€6,334
up €6,334 (+30.0%), from €21,128 to €27,461
- Gross operating margin -€39,511
down €39,511, from €31,123 to -€8,389
- Staff costs +€7,616
up €7,616 (+1,381%), from €552 to €8,168
- Financial charges +€6,440
up €6,440 (+119%), from €5,431 to €11,870
- Write-downs +€5,465
up €5,465 (+100%), from €5,465 to €10,929
- Depreciation -€3,910
down €3,910 (-30.3%), from €12,921 to €9,012
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 | €192,009 | €249,389 | +€57,381 | +29.9% |
| Fixed assets | 21/28 | €47,028 | €40,197 | -€6,831 | -14.5% |
| Tangible fixed assets | 22/27 | €46,139 | €39,308 | -€6,831 | -14.8% |
| Plant, machinery and equipment | 23 | €5,602 | €5,178 | -€423 | -7.6% |
| Furniture and vehicles | 24 | €38,523 | €32,427 | -€6,096 | -15.8% |
| Other tangible fixed assets | 26 | €2,015 | €1,703 | -€312 | -15.5% |
| Financial fixed assets | 28 | €889 | €889 | = | 0.0% |
| Current assets | 29/58 | €144,980 | €209,192 | +€64,211 | +44.3% |
| Stocks and contracts in progress | 3 | €30,865 | €19,938 | -€10,928 | -35.4% |
| Stocks | 30/36 | €30,865 | €19,938 | -€10,928 | -35.4% |
| Amounts receivable within one year | 40/41 | €107,022 | €175,897 | +€68,875 | +64.4% |
| Trade receivables | 40 | €78,219 | €168,507 | +€90,288 | +115% |
| Other amounts receivable | 41 | €28,803 | €7,389 | -€21,413 | -74.3% |
| Cash at bank and in hand | 54/58 | €3,571 | €2,492 | -€1,078 | -30.2% |
| Deferred charges and accrued income | 490/1 | €3,523 | €10,865 | +€7,342 | +208% |
| Total equity and liabilities | 10/49 | €192,009 | €249,389 | +€57,381 | +29.9% |
| Equity | 10/15 | €61,193 | €8,462 | -€52,732 | -86.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €35,191 | €35,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €27,691 | €27,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,997 | -€101,729 | -€52,732 | -108% |
| Amounts payable | 17/49 | €130,815 | €240,927 | +€110,112 | +84.2% |
| Amounts payable after more than one year | 17 | €19,723 | €53,941 | +€34,218 | +173% |
| Financial debts | 170/4 | €19,723 | €53,941 | +€34,218 | +173% |
| Amounts payable within one year | 42/48 | €111,093 | €185,583 | +€74,491 | +67.1% |
| Current portion of amounts payable after more than one year | 42 | €7,880 | €22,172 | +€14,292 | +181% |
| Financial debts | 43 | €48,935 | €49,956 | +€1,021 | +2.1% |
| Credit institutions | 430/8 | €48,935 | €49,956 | +€1,021 | +2.1% |
| Trade debts | 44 | €31,564 | €78,859 | +€47,295 | +150% |
| Suppliers | 440/4 | €31,564 | €78,859 | +€47,295 | +150% |
| Taxes, remuneration and social security | 45 | €1,587 | €7,135 | +€5,549 | +350% |
| Taxes | 450/3 | €1,587 | €4,899 | +€3,313 | +209% |
| Remuneration and social security | 454/9 | - | €2,236 | +€2,236 | |
| Other amounts payable | 47/48 | €21,128 | €27,461 | +€6,334 | +30.0% |
| Accrued charges and deferred income | 492/3 | - | €1,403 | +€1,403 | |
| Remuneration, social security and pensions | 62 | €552 | €8,168 | +€7,616 | +1,381% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,921 | €9,012 | -€3,910 | -30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,465 | €10,929 | +€5,465 | +100% |
| Other operating charges | 640/8 | €1,704 | €4,295 | +€2,591 | +152% |
| Gross operating margin | 9900 | €31,123 | -€8,389 | -€39,511 | |
| Operating profit (loss) | 9901 | €10,481 | -€40,793 | -€51,274 | |
| Financial income | 75/76B | €0 | €71 | +€71 | +20,762% |
| Recurring financial income | 75 | €0 | €71 | +€71 | +20,762% |
| Financial charges | 65/66B | €5,431 | €11,870 | +€6,440 | +119% |
| Recurring financial charges | 65 | €5,431 | €11,870 | +€6,440 | +119% |
| Profit (loss) for the period before taxes | 9903 | €5,051 | -€52,592 | -€57,643 | |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | €4,920 | -€52,732 | -€57,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,920 | -€52,732 | -€57,651 |
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 14 October 2026 via checked.be.