DV Management & Servicing: 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 Management & Servicing
Largest movements
- Receivables within one year +€11,650
new in 2025: €11,650
of which Other amounts receivable: +€10,000
- Debts after one year -€148,464
down €148,464 (-38.9%), from €381,342 to €232,878
- Reserves +€122,294
up €122,294 (+154%), from €79,260 to €201,554
- Tax, wage and social debts +€41,328
up €41,328 (+99.8%), from €41,430 to €82,758
- Gross operating margin +€57,386
up €57,386 (+44.2%), from €129,740 to €187,126
- Taxes +€14,908
up €14,908 (+54.9%), from €27,138 to €42,046
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 | €559,310 | €574,106 | +€14,797 | +2.6% |
| Fixed assets | 21/28 | €480,947 | €481,796 | +€849 | +0.2% |
| Tangible fixed assets | 22/27 | €947 | €1,796 | +€849 | +89.6% |
| Furniture and vehicles | 24 | €947 | €1,796 | +€849 | +89.6% |
| Financial fixed assets | 28 | €480,000 | €480,000 | = | 0.0% |
| Current assets | 29/58 | €78,363 | €92,311 | +€13,948 | +17.8% |
| Amounts receivable within one year | 40/41 | - | €11,650 | +€11,650 | |
| Trade receivables | 40 | - | €1,650 | +€1,650 | |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €78,363 | €80,661 | +€2,298 | +2.9% |
| Total equity and liabilities | 10/49 | €559,310 | €574,106 | +€14,797 | +2.6% |
| Equity | 10/15 | €80,260 | €202,554 | +€122,294 | +152% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €79,260 | €201,554 | +€122,294 | +154% |
| Distributable reserves | 133 | €79,260 | €201,554 | +€122,294 | +154% |
| Amounts payable | 17/49 | €479,050 | €371,552 | -€107,497 | -22.4% |
| Amounts payable after more than one year | 17 | €381,342 | €232,878 | -€148,464 | -38.9% |
| Financial debts | 170/4 | €381,342 | €232,878 | -€148,464 | -38.9% |
| Amounts payable within one year | 42/48 | €97,708 | €138,674 | +€40,966 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €50,345 | €52,464 | +€2,118 | +4.2% |
| Trade debts | 44 | €221 | €741 | +€520 | +236% |
| Suppliers | 440/4 | €221 | €741 | +€520 | +236% |
| Taxes, remuneration and social security | 45 | €41,430 | €82,758 | +€41,328 | +99.8% |
| Taxes | 450/3 | €41,430 | €82,758 | +€41,328 | +99.8% |
| Other amounts payable | 47/48 | €5,711 | €2,711 | -€3,000 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €690 | +€283 | +69.6% |
| Other operating charges | 640/8 | €224 | €535 | +€311 | +139% |
| Gross operating margin | 9900 | €129,740 | €187,126 | +€57,386 | +44.2% |
| Operating profit (loss) | 9901 | €129,110 | €185,901 | +€56,792 | +44.0% |
| Financial income | 75/76B | €1 | €821 | +€820 | +118,828% |
| Recurring financial income | 75 | €1 | €821 | +€820 | +118,828% |
| Financial charges | 65/66B | €22,712 | €22,381 | -€331 | -1.5% |
| Recurring financial charges | 65 | €22,712 | €22,381 | -€331 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €106,398 | €164,340 | +€57,942 | +54.5% |
| Income taxes | 67/77 | €27,138 | €42,046 | +€14,908 | +54.9% |
| Profit (loss) for the period | 9904 | €79,260 | €122,294 | +€43,034 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,260 | €122,294 | +€43,034 | +54.3% |
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 13 October 2026 via checked.be.