DV PUB: what changed
DV PUB
Largest movements
- Stocks and contracts -€17,065
down €17,065 (-71.4%), from €23,913 to €6,848
- Cash +€16,127
up €16,127 (+25.9%), from €62,317 to €78,444
mainly Net result for the year (+€132,582) and Other debts (+€29,006)
- Receivables within one year +€14,806
up €14,806 (+21.6%), from €68,569 to €83,374
of which Other amounts receivable: +€24,329
- Tangible fixed assets -€8,755
no longer reported in 2025 (was €8,755)
of which Furniture and vehicles: -€4,938
- Profit (loss) carried forward +€132,582
up €132,582 (+77.5%), from €171,025 to €303,607
- Trade debts -€91,540
down €91,540 (-70.4%), from €129,998 to €38,458
- Accrued charges and deferred income -€38,324
down €38,324 (-39.2%), from €97,650 to €59,326
- Other debts +€29,006
up €29,006 (+57.1%), from €50,802 to €79,808
- Tax, wage and social debts -€25,198
down €25,198 (-16.3%), from €154,395 to €129,197
of which Remuneration and social security: -€60,161
- Staff costs -€205,611
down €205,611 (-31.4%), from €653,938 to €448,328
- Gross operating margin -€58,218
down €58,218 (-8.0%), from €724,585 to €666,367
- Taxes +€44,874
up €44,874 (+1,821%), from €2,464 to €47,338
- Financial charges +€22,227
up €22,227 (+138%), from €16,104 to €38,331
of which Non-recurring financial charges: +€20,299
- Other operating charges -€9,829
down €9,829 (-81.8%), from €12,022 to €2,193
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,322 | €630,847 | +€6,525 | +1.0% |
| Fixed assets | 21/28 | €468,755 | €460,000 | -€8,755 | -1.9% |
| Tangible fixed assets | 22/27 | €8,755 | - | -€8,755 | |
| Furniture and vehicles | 24 | €4,938 | - | -€4,938 | |
| Other tangible fixed assets | 26 | €3,817 | - | -€3,817 | |
| Financial fixed assets | 28 | €460,000 | €460,000 | = | 0.0% |
| Current assets | 29/58 | €155,567 | €170,847 | +€15,280 | +9.8% |
| Stocks and contracts in progress | 3 | €23,913 | €6,848 | -€17,065 | -71.4% |
| Stocks | 30/36 | €23,913 | €6,848 | -€17,065 | -71.4% |
| Amounts receivable within one year | 40/41 | €68,569 | €83,374 | +€14,806 | +21.6% |
| Trade receivables | 40 | €16,442 | €6,918 | -€9,524 | -57.9% |
| Other amounts receivable | 41 | €52,126 | €76,456 | +€24,329 | +46.7% |
| Cash at bank and in hand | 54/58 | €62,317 | €78,444 | +€16,127 | +25.9% |
| Deferred charges and accrued income | 490/1 | €769 | €2,182 | +€1,413 | +184% |
| Total equity and liabilities | 10/49 | €624,322 | €630,847 | +€6,525 | +1.0% |
| Equity | 10/15 | €191,476 | €324,058 | +€132,582 | +69.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,025 | €303,607 | +€132,582 | +77.5% |
| Amounts payable | 17/49 | €432,846 | €306,789 | -€126,056 | -29.1% |
| Amounts payable within one year | 42/48 | €335,196 | €247,463 | -€87,733 | -26.2% |
| Trade debts | 44 | €129,998 | €38,458 | -€91,540 | -70.4% |
| Suppliers | 440/4 | €129,998 | €38,458 | -€91,540 | -70.4% |
| Taxes, remuneration and social security | 45 | €154,395 | €129,197 | -€25,198 | -16.3% |
| Taxes | 450/3 | €41,018 | €75,981 | +€34,963 | +85.2% |
| Remuneration and social security | 454/9 | €113,377 | €53,216 | -€60,161 | -53.1% |
| Other amounts payable | 47/48 | €50,802 | €79,808 | +€29,006 | +57.1% |
| Accrued charges and deferred income | 492/3 | €97,650 | €59,326 | -€38,324 | -39.2% |
| Remuneration, social security and pensions | 62 | €653,938 | €448,328 | -€205,611 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,860 | - | -€6,860 | |
| Other operating charges | 640/8 | €12,022 | €2,193 | -€9,829 | -81.8% |
| Gross operating margin | 9900 | €724,585 | €666,367 | -€58,218 | -8.0% |
| Operating profit (loss) | 9901 | €51,765 | €215,847 | +€164,082 | +317% |
| Financial income | 75/76B | €0 | €2,404 | +€2,404 | +522,613% |
| Recurring financial income | 75 | €0 | €2,404 | +€2,404 | +522,613% |
| Financial charges | 65/66B | €16,104 | €38,331 | +€22,227 | +138% |
| Recurring financial charges | 65 | €16,104 | €18,032 | +€1,928 | +12.0% |
| Non-recurring financial charges | 66B | - | €20,299 | +€20,299 | |
| Profit (loss) for the period before taxes | 9903 | €35,661 | €179,920 | +€144,259 | +405% |
| Income taxes | 67/77 | €2,464 | €47,338 | +€44,874 | +1,821% |
| Profit (loss) for the period | 9904 | €33,197 | €132,582 | +€99,385 | +299% |
| Profit (loss) for the period to be appropriated | 9905 | €33,197 | €132,582 | +€99,385 | +299% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.