DV & Partners: 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 & Partners
Largest movements
- Intangible fixed assets +€762,153
up €762,153 (+303.4%), from €251,178 to €1.0m
- Cash +€55,548
up €55,548 (+46.8%), from €118,628 to €174,176
mainly Debts after one year (+€737,480) and Net result for the year (+€173,486)
- Deferred charges and accrued income +€25,732
up €25,732 (+36.2%), from €71,161 to €96,893
- Financial fixed assets +€24,975
up €24,975 (+99900.0%), from €25 to €25,000
- Tangible fixed assets -€23,838
down €23,838 (-13.9%), from €171,693 to €147,855
of which Other tangible fixed assets: -€22,886
- Debts after one year +€737,480
up €737,480 (+336.5%), from €219,144 to €956,624
- Current portion of long-term debt +€65,060
up €65,060 (+167.7%), from €38,796 to €103,856
- Other debts +€58,671
up €58,671 (+56.5%), from €103,828 to €162,499
- Trade debts -€33,100
down €33,100 (-28.5%), from €115,990 to €82,890
- Gross operating margin +€224,189
up €224,189 (+79.9%), from €280,459 to €504,648
- Staff costs +€82,590
up €82,590 (+105.1%), from €78,571 to €161,160
- Depreciation +€66,740
up €66,740 (+92.8%), from €71,925 to €138,665
- Financial charges +€17,411
up €17,411 (+383.7%), from €4,538 to €21,949
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
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 | €658,714 | €1,500,479 | +€841,764 | +127.8% |
| Fixed assets | 21/28 | €422,896 | €1,186,186 | +€763,290 | +180.5% |
| Intangible fixed assets | 21 | €251,178 | €1,013,331 | +€762,153 | +303.4% |
| Tangible fixed assets | 22/27 | €171,693 | €147,855 | -€23,838 | -13.9% |
| Plant, machinery and equipment | 23 | €2,308 | €1,609 | -€700 | -30.3% |
| Furniture and vehicles | 24 | €7,390 | €7,137 | -€253 | -3.4% |
| Leasing and similar rights | 25 | €8,506 | €8,506 | = | 0.0% |
| Other tangible fixed assets | 26 | €153,489 | €130,603 | -€22,886 | -14.9% |
| Financial fixed assets | 28 | €25 | €25,000 | +€24,975 | +99900.0% |
| Current assets | 29/58 | €235,818 | €314,293 | +€78,475 | +33.3% |
| Amounts receivable within one year | 40/41 | €46,029 | €43,224 | -€2,805 | -6.1% |
| Trade receivables | 40 | €209 | €8,185 | +€7,976 | +3813.4% |
| Other amounts receivable | 41 | €45,820 | €35,039 | -€10,781 | -23.5% |
| Cash at bank and in hand | 54/58 | €118,628 | €174,176 | +€55,548 | +46.8% |
| Deferred charges and accrued income | 490/1 | €71,161 | €96,893 | +€25,732 | +36.2% |
| Total equity and liabilities | 10/49 | €658,714 | €1,500,479 | +€841,764 | +127.8% |
| Equity | 10/15 | €163,953 | €175,844 | +€11,891 | +7.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €95,429 | €95,429 | = | 0.0% |
| Distributable reserves | 133 | €95,429 | €95,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,024 | €79,915 | +€11,891 | +17.5% |
| Amounts payable | 17/49 | €494,761 | €1,324,635 | +€829,874 | +167.7% |
| Amounts payable after more than one year | 17 | €219,144 | €956,624 | +€737,480 | +336.5% |
| Financial debts | 170/4 | €219,144 | €956,624 | +€737,480 | +336.5% |
| Amounts payable within one year | 42/48 | €267,704 | €367,470 | +€99,765 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €38,796 | €103,856 | +€65,060 | +167.7% |
| Trade debts | 44 | €115,990 | €82,890 | -€33,100 | -28.5% |
| Suppliers | 440/4 | €115,990 | €82,890 | -€33,100 | -28.5% |
| Taxes, remuneration and social security | 45 | €9,089 | €18,224 | +€9,134 | +100.5% |
| Taxes | 450/3 | €224 | €3,313 | +€3,089 | +1376.9% |
| Remuneration and social security | 454/9 | €8,865 | €14,911 | +€6,046 | +68.2% |
| Other amounts payable | 47/48 | €103,828 | €162,499 | +€58,671 | +56.5% |
| Accrued charges and deferred income | 492/3 | €7,913 | €542 | -€7,372 | -93.2% |
| Remuneration, social security and pensions | 62 | €78,571 | €161,160 | +€82,590 | +105.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,925 | €138,665 | +€66,740 | +92.8% |
| Other operating charges | 640/8 | €1,840 | €1,278 | -€561 | -30.5% |
| Gross operating margin | 9900 | €280,459 | €504,648 | +€224,189 | +79.9% |
| Operating profit (loss) | 9901 | €128,124 | €203,544 | +€75,421 | +58.9% |
| Financial charges | 65/66B | €4,538 | €21,949 | +€17,411 | +383.7% |
| Recurring financial charges | 65 | €4,538 | €21,949 | +€17,411 | +383.7% |
| Profit (loss) for the period before taxes | 9903 | €123,586 | €181,595 | +€58,009 | +46.9% |
| Income taxes | 67/77 | €7,347 | €8,109 | +€762 | +10.4% |
| Profit (loss) for the period | 9904 | €116,238 | €173,486 | +€57,248 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,238 | €173,486 | +€57,248 | +49.3% |
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 11 October 2026 via checked.be.