DV2 Group: 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.
DV2 Group
Largest movements
- Receivables within one year +€429,396
up €429,396 (+42.6%), from €1.0m to €1.4m
of which Trade receivables: +€582,234
- Current investments +€100,000
new in 2025: €100,000
- Profit (loss) carried forward +€1.6m
up €1.6m, from -€120,055 to €1.4m
- Advances received -€604,848
down €604,848 (-100%), from €604,848 to €0
- Debts after one year -€552,710
down €552,710 (-10.1%), from €5.5m to €4.9m
- Trade debts +€73,395
up €73,395 (+78.2%), from €93,897 to €167,292
- Financial income +€1.7m
up €1.7m (+8,190,624%), from €20 to €1.7m
- Gross operating margin +€27,837
up €27,837 (+14.9%), from €186,755 to €214,592
- Staff costs +€21,619
up €21,619 (+12.9%), from €167,670 to €189,290
- Financial charges -€7,135
down €7,135 (-6.6%), from €108,833 to €101,698
- Depreciation -€2,408
down €2,408 (-12.5%), from €19,333 to €16,924
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 | €6,621,037 | €7,120,061 | +€499,024 | +7.5% |
| Formation expenses | 20 | €4,227 | €0 | -€4,227 | -100% |
| Fixed assets | 21/28 | €5,510,452 | €5,497,755 | -€12,698 | -0.2% |
| Intangible fixed assets | 21 | €11,643 | €7,220 | -€4,422 | -38.0% |
| Tangible fixed assets | 22/27 | €27,810 | €19,535 | -€8,275 | -29.8% |
| Plant, machinery and equipment | 23 | €1,134 | €0 | -€1,134 | -100% |
| Furniture and vehicles | 24 | €26,676 | €19,535 | -€7,141 | -26.8% |
| Financial fixed assets | 28 | €5,471,000 | €5,471,000 | = | 0.0% |
| Current assets | 29/58 | €1,106,358 | €1,622,306 | +€515,948 | +46.6% |
| Amounts receivable within one year | 40/41 | €1,008,923 | €1,438,319 | +€429,396 | +42.6% |
| Trade receivables | 40 | - | €582,234 | +€582,234 | |
| Other amounts receivable | 41 | €1,008,923 | €856,086 | -€152,837 | -15.1% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €97,435 | €83,401 | -€14,034 | -14.4% |
| Deferred charges and accrued income | 490/1 | €0 | €586 | +€586 | |
| Total equity and liabilities | 10/49 | €6,621,037 | €7,120,061 | +€499,024 | +7.5% |
| Equity | 10/15 | -€66,655 | €1,502,292 | +€1.6m | |
| Contributions | 10/11 | €53,400 | €53,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,055 | €1,448,892 | +€1.6m | |
| Amounts payable | 17/49 | €6,687,693 | €5,617,769 | -€1.1m | -16.0% |
| Amounts payable after more than one year | 17 | €5,457,214 | €4,904,504 | -€552,710 | -10.1% |
| Financial debts | 170/4 | €5,457,214 | €4,904,504 | -€552,710 | -10.1% |
| Amounts payable within one year | 42/48 | €1,223,884 | €703,307 | -€520,577 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €507,477 | €507,767 | +€289 | +0.1% |
| Trade debts | 44 | €93,897 | €167,292 | +€73,395 | +78.2% |
| Suppliers | 440/4 | €93,897 | €167,292 | +€73,395 | +78.2% |
| Advances received on contracts in progress | 46 | €604,848 | €0 | -€604,848 | -100% |
| Taxes, remuneration and social security | 45 | €17,229 | €21,879 | +€4,650 | +27.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €17,229 | €21,879 | +€4,650 | +27.0% |
| Other amounts payable | 47/48 | €432 | €6,369 | +€5,937 | +1,373% |
| Accrued charges and deferred income | 492/3 | €6,595 | €9,957 | +€3,363 | +51.0% |
| Remuneration, social security and pensions | 62 | €167,670 | €189,290 | +€21,619 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,333 | €16,924 | -€2,408 | -12.5% |
| Other operating charges | 640/8 | €1,479 | €2,088 | +€609 | +41.2% |
| Gross operating margin | 9900 | €186,755 | €214,592 | +€27,837 | +14.9% |
| Operating profit (loss) | 9901 | -€1,726 | €6,290 | +€8,017 | |
| Financial income | 75/76B | €20 | €1,664,355 | +€1.7m | +8,190,624% |
| Recurring financial income | 75 | €20 | €1,664,355 | +€1.7m | +8,190,624% |
| Financial charges | 65/66B | €108,833 | €101,698 | -€7,135 | -6.6% |
| Recurring financial charges | 65 | €108,833 | €101,698 | -€7,135 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€110,539 | €1,568,948 | +€1.7m | |
| Income taxes | 67/77 | -€22 | €0 | +€22 | |
| Profit (loss) for the period | 9904 | -€110,516 | €1,568,948 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€110,516 | €1,568,948 | +€1.7m |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.