DV-TRADE: what changed
Two fiscal 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-TRADE
Largest movements
- Receivables within one year +€33,904
up €33,904 (+49.7%), from €68,211 to €102,116
of which Other amounts receivable: +€24,122
- Tangible fixed assets +€15,016
up €15,016 (+2.0%), from €753,155 to €768,171
of which Furniture and vehicles: +€15,943
- Reserves +€82,888
up €82,888 (+8.5%), from €975,675 to €1.1m
- Debts after one year -€24,573
down €24,573 (-32.6%), from €75,443 to €50,869
- Other debts -€18,473
no longer reported in 2025 (was €18,473)
- Other operating charges -€52,223
down €52,223 (-77.5%), from €67,353 to €15,130
- Gross operating margin -€28,688
down €28,688 (-12.4%), from €231,736 to €203,047
- Depreciation +€13,867
up €13,867 (+29.7%), from €46,704 to €60,571
- Financial income -€8,592
down €8,592 (-55.1%), from €15,586 to €6,994
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 | €1,194,613 | €1,242,938 | +€48,325 | +4.0% |
| Fixed assets | 21/28 | €753,155 | €768,171 | +€15,016 | +2.0% |
| Tangible fixed assets | 22/27 | €753,155 | €768,171 | +€15,016 | +2.0% |
| Land and buildings | 22 | €663,473 | €664,891 | +€1,417 | +0.2% |
| Plant, machinery and equipment | 23 | €3,239 | €1,793 | -€1,446 | -44.7% |
| Furniture and vehicles | 24 | €85,485 | €101,428 | +€15,943 | +18.6% |
| Other tangible fixed assets | 26 | €957 | €60 | -€898 | -93.8% |
| Current assets | 29/58 | €441,458 | €474,766 | +€33,309 | +7.5% |
| Stocks and contracts in progress | 3 | €81,015 | €80,015 | -€1,001 | -1.2% |
| Stocks | 30/36 | €81,015 | €80,015 | -€1,001 | -1.2% |
| Amounts receivable within one year | 40/41 | €68,211 | €102,116 | +€33,904 | +49.7% |
| Trade receivables | 40 | €68,057 | €77,839 | +€9,783 | +14.4% |
| Other amounts receivable | 41 | €155 | €24,276 | +€24,122 | +15596.6% |
| Cash at bank and in hand | 54/58 | €290,398 | €281,988 | -€8,410 | -2.9% |
| Deferred charges and accrued income | 490/1 | €1,833 | €10,648 | +€8,815 | +480.9% |
| Total equity and liabilities | 10/49 | €1,194,613 | €1,242,938 | +€48,325 | +4.0% |
| Equity | 10/15 | €995,680 | €1,078,568 | +€82,888 | +8.3% |
| Contributions | 10/11 | €20,004 | €20,004 | = | 0.0% |
| Reserves | 13 | €975,675 | €1,058,563 | +€82,888 | +8.5% |
| Distributable reserves | 133 | €975,675 | €1,058,563 | +€82,888 | +8.5% |
| Amounts payable | 17/49 | €198,933 | €164,370 | -€34,563 | -17.4% |
| Amounts payable after more than one year | 17 | €75,443 | €50,869 | -€24,573 | -32.6% |
| Financial debts | 170/4 | €75,443 | €50,869 | -€24,573 | -32.6% |
| Amounts payable within one year | 42/48 | €106,652 | €102,082 | -€4,570 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €26,842 | €25,423 | -€1,420 | -5.3% |
| Financial debts | 43 | €11,826 | €11,830 | +€4 | 0.0% |
| Credit institutions | 430/8 | €11,826 | €11,830 | +€4 | 0.0% |
| Trade debts | 44 | €44,283 | €52,655 | +€8,372 | +18.9% |
| Suppliers | 440/4 | €44,283 | €52,655 | +€8,372 | +18.9% |
| Taxes, remuneration and social security | 45 | €5,227 | €12,174 | +€6,947 | +132.9% |
| Taxes | 450/3 | €5,227 | €12,174 | +€6,947 | +132.9% |
| Other amounts payable | 47/48 | €18,473 | - | -€18,473 | |
| Accrued charges and deferred income | 492/3 | €16,839 | €11,419 | -€5,420 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,704 | €60,571 | +€13,867 | +29.7% |
| Other operating charges | 640/8 | €67,353 | €15,130 | -€52,223 | -77.5% |
| Gross operating margin | 9900 | €231,736 | €203,047 | -€28,688 | -12.4% |
| Operating profit (loss) | 9901 | €117,678 | €127,346 | +€9,668 | +8.2% |
| Financial income | 75/76B | €15,586 | €6,994 | -€8,592 | -55.1% |
| Recurring financial income | 75 | €15,586 | €6,994 | -€8,592 | -55.1% |
| Financial charges | 65/66B | €6,995 | €8,618 | +€1,623 | +23.2% |
| Recurring financial charges | 65 | €6,995 | €8,618 | +€1,623 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €126,269 | €125,722 | -€547 | -0.4% |
| Income taxes | 67/77 | €42,068 | €42,834 | +€766 | +1.8% |
| Profit (loss) for the period | 9904 | €84,201 | €82,888 | -€1,313 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,201 | €82,888 | -€1,313 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.