DV-TEC: what changed
What changed
DV-TEC
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€127,280
2024 · €147,422-€20,141
Equity
€499,261
2024 · €471,981+€27,280
Cash
€151,444
2024 · €127,783+€23,660
Balance sheet total
€797,249
2024 · €864,328-€67,079
Largest movements
Assets
- Tangible fixed assets -€49,759
down €49,759 (-10.1%), from €491,539 to €441,780
of which Plant, machinery and equipment: -€42,042
- Receivables within one year -€43,380
down €43,380 (-20.6%), from €210,552 to €167,172
of which Other amounts receivable: -€82,990
- Cash +€23,660
up €23,660 (+18.5%), from €127,783 to €151,444
mainly Net result for the year (+€127,280) and Depreciation (+€49,759)
Equity and liabilities
- Other debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Reserves +€27,280
up €27,280 (+9.6%), from €283,068 to €310,348
of which Tax-exempt reserves: +€58,940
- Trade debts +€23,488
up €23,488 (+36.8%), from €63,868 to €87,356
- Debts after one year -€14,990
down €14,990 (-32.5%), from €46,174 to €31,185
Income statement
- Gross operating margin -€36,319
down €36,319 (-5.9%), from €618,685 to €582,366
- Staff costs -€19,426
down €19,426 (-5.1%), from €379,048 to €359,623
- Depreciation +€10,539
up €10,539 (+26.9%), from €39,220 to €49,759
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.
Result 2024
€147,422
Gross operating margin
-€36,319
Staff costs
+€19,426
Depreciation
-€10,539
Write-downs
+€600
Other operating charges
-€221
Other operating items
+€620
Financial income
+€3,032
Financial charges
+€152
Taxes
+€3,108
Result 2025
€127,280
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€138,657
Investment
€0
Financing
-€114,996
Cash 2024
€127,783
From operations (derived)
+€138,657
Net result for the year
+€127,280
Depreciation
+€49,759
Stocks and contracts
-€1,977
Receivables within one year
+€43,380
Deferred charges and accrued income
-€422
Trade debts
+€23,488
Tax, wage and social debts
-€2,920
Advances received
+€69
Other debts
-€100,000
Financing
-€114,996
Debts after one year
-€14,990
Current portion of long-term debt
-€7
Contributions, distributions and other
-€100,000
Cash 2025
€151,444
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €864,328 | €797,249 | -€67,079 | -7.8% |
| Fixed assets | 21/28 | €491,809 | €442,050 | -€49,759 | -10.1% |
| Tangible fixed assets | 22/27 | €491,539 | €441,780 | -€49,759 | -10.1% |
| Land and buildings | 22 | €305,422 | €301,430 | -€3,991 | -1.3% |
| Plant, machinery and equipment | 23 | €182,320 | €140,278 | -€42,042 | -23.1% |
| Furniture and vehicles | 24 | €3,797 | €71 | -€3,726 | -98.1% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €372,519 | €355,200 | -€17,320 | -4.6% |
| Stocks and contracts in progress | 3 | €32,008 | €33,986 | +€1,977 | +6.2% |
| Stocks | 30/36 | €32,008 | €33,986 | +€1,977 | +6.2% |
| Amounts receivable within one year | 40/41 | €210,552 | €167,172 | -€43,380 | -20.6% |
| Trade receivables | 40 | €60,010 | €99,621 | +€39,611 | +66.0% |
| Other amounts receivable | 41 | €150,542 | €67,551 | -€82,990 | -55.1% |
| Cash at bank and in hand | 54/58 | €127,783 | €151,444 | +€23,660 | +18.5% |
| Deferred charges and accrued income | 490/1 | €2,176 | €2,599 | +€422 | +19.4% |
| Total equity and liabilities | 10/49 | €864,328 | €797,249 | -€67,079 | -7.8% |
| Equity | 10/15 | €471,981 | €499,261 | +€27,280 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €170,313 | €170,313 | = | 0.0% |
| Reserves | 13 | €283,068 | €310,348 | +€27,280 | +9.6% |
| Non-distributable reserves | 130/1 | €2,069 | €2,069 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,069 | €2,069 | = | 0.0% |
| Tax-exempt reserves | 132 | €86,305 | €145,245 | +€58,940 | +68.3% |
| Distributable reserves | 133 | €194,693 | €163,034 | -€31,660 | -16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €392,348 | €297,988 | -€94,359 | -24.0% |
| Amounts payable after more than one year | 17 | €46,174 | €31,185 | -€14,990 | -32.5% |
| Financial debts | 170/4 | €46,174 | €31,185 | -€14,990 | -32.5% |
| Amounts payable within one year | 42/48 | €346,173 | €266,803 | -€79,370 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €14,996 | €14,990 | -€7 | 0.0% |
| Trade debts | 44 | €63,868 | €87,356 | +€23,488 | +36.8% |
| Suppliers | 440/4 | €63,868 | €87,356 | +€23,488 | +36.8% |
| Advances received on contracts in progress | 46 | €150,403 | €150,472 | +€69 | 0.0% |
| Taxes, remuneration and social security | 45 | €16,906 | €13,986 | -€2,920 | -17.3% |
| Taxes | 450/3 | €6,517 | €3,670 | -€2,847 | -43.7% |
| Remuneration and social security | 454/9 | €10,388 | €10,316 | -€72 | -0.7% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Non-recurring operating income | 76A | €8,000 | €0 | -€8,000 | -100% |
| Remuneration, social security and pensions | 62 | €379,048 | €359,623 | -€19,426 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,220 | €49,759 | +€10,539 | +26.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €600 | €0 | -€600 | -100% |
| Other operating charges | 640/8 | €10,959 | €11,180 | +€221 | +2.0% |
| Non-recurring operating charges | 66A | €620 | €0 | -€620 | -100% |
| Gross operating margin | 9900 | €618,685 | €582,366 | -€36,319 | -5.9% |
| Operating profit (loss) | 9901 | €188,238 | €161,804 | -€26,434 | -14.0% |
| Financial income | 75/76B | €8,625 | €11,657 | +€3,032 | +35.2% |
| Recurring financial income | 75 | €8,625 | €11,657 | +€3,032 | +35.2% |
| Financial charges | 65/66B | €2,460 | €2,307 | -€152 | -6.2% |
| Recurring financial charges | 65 | €2,460 | €2,307 | -€152 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €194,404 | €171,154 | -€23,250 | -12.0% |
| Income taxes | 67/77 | €46,982 | €43,874 | -€3,108 | -6.6% |
| Profit (loss) for the period | 9904 | €147,422 | €127,280 | -€20,141 | -13.7% |
| Transfer to tax-exempt reserves | 689 | €61,045 | €58,940 | -€2,105 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,377 | €68,340 | -€18,036 | -20.9% |
Next steps
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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 5 November 2026 via checked.be.