DV MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€87,541
down €87,541 (-90.0%), from €97,268 to €9,727
of which Other amounts receivable: -€71,617
- Tangible fixed assets -€13,785
no longer reported in 2025 (was €13,785)
- Other debts -€70,000
no longer reported in 2025 (was €70,000)
- Profit (loss) carried forward -€20,259
down €20,259, from €8,891 to -€11,368
- Tax, wage and social debts -€11,067
down €11,067 (-94.6%), from €11,702 to €635
of which Taxes: -€7,456
- Gross operating margin -€57,157
down €57,157 (-99.6%), from €57,403 to €246
- Depreciation -€17,165
down €17,165 (-97.7%), from €17,572 to €407
- Other operating charges +€5,276
up €5,276 (+440.4%), from €1,198 to €6,474
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,053 | €9,727 | -€101,326 | -91.2% |
| Fixed assets | 21/28 | €13,785 | - | -€13,785 | |
| Tangible fixed assets | 22/27 | €13,785 | - | -€13,785 | |
| Furniture and vehicles | 24 | €13,785 | - | -€13,785 | |
| Current assets | 29/58 | €97,268 | €9,727 | -€87,541 | -90.0% |
| Amounts receivable within one year | 40/41 | €97,268 | €9,727 | -€87,541 | -90.0% |
| Trade receivables | 40 | €15,924 | - | -€15,924 | |
| Other amounts receivable | 41 | €81,344 | €9,727 | -€71,617 | -88.0% |
| Total equity and liabilities | 10/49 | €111,053 | €9,727 | -€101,326 | -91.2% |
| Equity | 10/15 | €29,351 | €9,092 | -€20,259 | -69.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,891 | -€11,368 | -€20,259 | |
| Amounts payable | 17/49 | €81,702 | €635 | -€81,067 | -99.2% |
| Amounts payable within one year | 42/48 | €81,702 | €635 | -€81,067 | -99.2% |
| Taxes, remuneration and social security | 45 | €11,702 | €635 | -€11,067 | -94.6% |
| Taxes | 450/3 | €7,456 | - | -€7,456 | |
| Remuneration and social security | 454/9 | €4,246 | €635 | -€3,611 | -85.0% |
| Other amounts payable | 47/48 | €70,000 | - | -€70,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,572 | €407 | -€17,165 | -97.7% |
| Other operating charges | 640/8 | €1,198 | €6,474 | +€5,276 | +440.4% |
| Non-recurring operating charges | 66A | - | €13,624 | +€13,624 | |
| Gross operating margin | 9900 | €57,403 | €246 | -€57,157 | -99.6% |
| Operating profit (loss) | 9901 | €38,633 | -€20,259 | -€58,892 | |
| Financial charges | 65/66B | €138 | - | -€138 | |
| Recurring financial charges | 65 | €138 | - | -€138 | |
| Profit (loss) for the period before taxes | 9903 | €38,495 | -€20,259 | -€58,754 | |
| Profit (loss) for the period | 9904 | €38,495 | -€20,259 | -€58,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,495 | -€20,259 | -€58,754 |
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 2 October 2026 via checked.be.