DV-TECH: 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-TECH
Largest movements
- Tangible fixed assets +€420,071
up €420,071 (+1,081%), from €38,870 to €458,941
of which Land and buildings: +€396,513
- Cash -€75,979
down €75,979 (-59.5%), from €127,682 to €51,703
mainly Investment in fixed assets (net) (-€483,470) and Contributions, distributions and other (-€182,194)
- Debts after one year +€439,001
new in 2025: €439,001
- Reserves -€141,962
down €141,962 (-77.9%), from €182,194 to €40,233
- Current portion of long-term debt +€45,990
new in 2025: €45,990
- Tax, wage and social debts -€6,806
no longer reported in 2025 (was €6,806)
- Depreciation +€53,207
up €53,207 (+522%), from €10,192 to €63,399
- Gross operating margin +€27,870
up €27,870 (+27.7%), from €100,517 to €128,387
- Taxes -€5,424
down €5,424 (-24.2%), from €22,373 to €16,949
- Financial charges +€3,324
up €3,324 (+121%), from €2,742 to €6,066
- Other operating charges +€1,621
up €1,621 (+325%), from €499 to €2,119
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 | €198,649 | €539,374 | +€340,725 | +172% |
| Fixed assets | 21/28 | €38,870 | €458,941 | +€420,071 | +1,081% |
| Tangible fixed assets | 22/27 | €38,870 | €458,941 | +€420,071 | +1,081% |
| Land and buildings | 22 | - | €396,513 | +€396,513 | |
| Plant, machinery and equipment | 23 | €792 | €17,592 | +€16,800 | +2,121% |
| Furniture and vehicles | 24 | €24,348 | €16,687 | -€7,661 | -31.5% |
| Other tangible fixed assets | 26 | €13,730 | €28,148 | +€14,418 | +105% |
| Current assets | 29/58 | €159,780 | €80,434 | -€79,346 | -49.7% |
| Amounts receivable within one year | 40/41 | €24,244 | €21,374 | -€2,870 | -11.8% |
| Trade receivables | 40 | €1,617 | €13,573 | +€11,956 | +739% |
| Other amounts receivable | 41 | €22,627 | €7,800 | -€14,827 | -65.5% |
| Cash at bank and in hand | 54/58 | €127,682 | €51,703 | -€75,979 | -59.5% |
| Deferred charges and accrued income | 490/1 | €7,853 | €7,357 | -€496 | -6.3% |
| Total equity and liabilities | 10/49 | €198,649 | €539,374 | +€340,725 | +172% |
| Equity | 10/15 | €187,194 | €45,233 | -€141,962 | -75.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €182,194 | €40,233 | -€141,962 | -77.9% |
| Distributable reserves | 133 | €182,194 | €40,233 | -€141,962 | -77.9% |
| Amounts payable | 17/49 | €11,455 | €494,142 | +€482,687 | +4,214% |
| Amounts payable after more than one year | 17 | - | €439,001 | +€439,001 | |
| Financial debts | 170/4 | - | €439,001 | +€439,001 | |
| Amounts payable within one year | 42/48 | €11,455 | €55,140 | +€43,685 | +381% |
| Current portion of amounts payable after more than one year | 42 | - | €45,990 | +€45,990 | |
| Trade debts | 44 | €4,598 | €5,510 | +€912 | +19.8% |
| Suppliers | 440/4 | €4,598 | €5,510 | +€912 | +19.8% |
| Taxes, remuneration and social security | 45 | €6,806 | - | -€6,806 | |
| Taxes | 450/3 | €6,806 | - | -€6,806 | |
| Other amounts payable | 47/48 | €51 | €3,641 | +€3,590 | +6,981% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,192 | €63,399 | +€53,207 | +522% |
| Other operating charges | 640/8 | €499 | €2,119 | +€1,621 | +325% |
| Gross operating margin | 9900 | €100,517 | €128,387 | +€27,870 | +27.7% |
| Operating profit (loss) | 9901 | €89,827 | €62,869 | -€26,958 | -30.0% |
| Financial income | 75/76B | €181 | €378 | +€197 | +109% |
| Recurring financial income | 75 | €181 | €378 | +€197 | +109% |
| Financial charges | 65/66B | €2,742 | €6,066 | +€3,324 | +121% |
| Recurring financial charges | 65 | €2,742 | €6,066 | +€3,324 | +121% |
| Profit (loss) for the period before taxes | 9903 | €87,266 | €57,181 | -€30,084 | -34.5% |
| Income taxes | 67/77 | €22,373 | €16,949 | -€5,424 | -24.2% |
| Profit (loss) for the period | 9904 | €64,893 | €40,233 | -€24,660 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,893 | €40,233 | -€24,660 | -38.0% |
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 28 October 2026 via checked.be.