Dv4 retail: 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.
Dv4 retail
Largest movements
- Tangible fixed assets -€67,752
down €67,752 (-10.8%), from €626,397 to €558,646
of which Plant, machinery and equipment: -€36,318
- Cash -€67,305
down €67,305 (-59.4%), from €113,220 to €45,915
mainly Debts after one year (-€95,706) and Stocks and contracts (-€50,155)
- Stocks and contracts +€50,155
up €50,155 (+20.9%), from €239,972 to €290,127
- Intangible fixed assets -€46,341
down €46,341 (-16.0%), from €288,737 to €242,396
- Receivables within one year -€18,253
down €18,253 (-52.3%), from €34,880 to €16,627
of which Other amounts receivable: -€14,025
- Debts after one year -€95,706
down €95,706 (-22.7%), from €421,042 to €325,336
- Other debts -€49,798
down €49,798 (-38.1%), from €130,856 to €81,058
- Current portion of long-term debt -€47,510
down €47,510 (-32.4%), from €146,838 to €99,328
- Reserves +€25,052
up €25,052 (+45.6%), from €54,918 to €79,970
- Tax, wage and social debts +€17,827
up €17,827 (+43.4%), from €41,094 to €58,921
of which Remuneration and social security: +€17,704
- Gross operating margin +€24,214
up €24,214 (+5.0%), from €486,247 to €510,461
- Staff costs +€18,393
up €18,393 (+6.6%), from €280,770 to €299,163
- Other operating charges +€14,005
up €14,005 (+76.7%), from €18,262 to €32,266
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 | €1,314,120 | €1,180,436 | -€133,684 | -10.2% |
| Fixed assets | 21/28 | €915,394 | €801,401 | -€113,993 | -12.5% |
| Intangible fixed assets | 21 | €288,737 | €242,396 | -€46,341 | -16.0% |
| Tangible fixed assets | 22/27 | €626,397 | €558,646 | -€67,752 | -10.8% |
| Plant, machinery and equipment | 23 | €351,980 | €315,662 | -€36,318 | -10.3% |
| Furniture and vehicles | 24 | €1,623 | €690 | -€933 | -57.5% |
| Other tangible fixed assets | 26 | €272,794 | €242,294 | -€30,500 | -11.2% |
| Financial fixed assets | 28 | €260 | €360 | +€100 | +38.5% |
| Current assets | 29/58 | €398,726 | €379,034 | -€19,692 | -4.9% |
| Stocks and contracts in progress | 3 | €239,972 | €290,127 | +€50,155 | +20.9% |
| Stocks | 30/36 | €239,972 | €290,127 | +€50,155 | +20.9% |
| Amounts receivable within one year | 40/41 | €34,880 | €16,627 | -€18,253 | -52.3% |
| Trade receivables | 40 | €11,567 | €7,340 | -€4,228 | -36.5% |
| Other amounts receivable | 41 | €23,313 | €9,288 | -€14,025 | -60.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €113,220 | €45,915 | -€67,305 | -59.4% |
| Deferred charges and accrued income | 490/1 | €10,655 | €26,366 | +€15,711 | +147% |
| Total equity and liabilities | 10/49 | €1,314,120 | €1,180,436 | -€133,684 | -10.2% |
| Equity | 10/15 | €64,918 | €89,970 | +€25,052 | +38.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,918 | €79,970 | +€25,052 | +45.6% |
| Distributable reserves | 133 | €54,918 | €79,970 | +€25,052 | +45.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,249,202 | €1,090,466 | -€158,736 | -12.7% |
| Amounts payable after more than one year | 17 | €421,042 | €325,336 | -€95,706 | -22.7% |
| Financial debts | 170/4 | €421,042 | €325,336 | -€95,706 | -22.7% |
| Amounts payable within one year | 42/48 | €827,337 | €765,130 | -€62,207 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €146,838 | €99,328 | -€47,510 | -32.4% |
| Trade debts | 44 | €508,548 | €525,822 | +€17,274 | +3.4% |
| Suppliers | 440/4 | €508,548 | €525,822 | +€17,274 | +3.4% |
| Taxes, remuneration and social security | 45 | €41,094 | €58,921 | +€17,827 | +43.4% |
| Taxes | 450/3 | €25 | €148 | +€123 | +491% |
| Remuneration and social security | 454/9 | €41,069 | €58,774 | +€17,704 | +43.1% |
| Other amounts payable | 47/48 | €130,856 | €81,058 | -€49,798 | -38.1% |
| Accrued charges and deferred income | 492/3 | €823 | €0 | -€823 | -100% |
| Non-recurring operating income | 76A | €299 | €0 | -€299 | -100% |
| Remuneration, social security and pensions | 62 | €280,770 | €299,163 | +€18,393 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,407 | €136,004 | -€3,402 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,262 | €32,266 | +€14,005 | +76.7% |
| Non-recurring operating charges | 66A | - | €353 | +€353 | |
| Gross operating margin | 9900 | €486,247 | €510,461 | +€24,214 | +5.0% |
| Operating profit (loss) | 9901 | €47,809 | €42,675 | -€5,134 | -10.7% |
| Financial income | 75/76B | €1,322 | €556 | -€766 | -57.9% |
| Recurring financial income | 75 | €1,322 | €556 | -€766 | -57.9% |
| Financial charges | 65/66B | €22,135 | €17,983 | -€4,152 | -18.8% |
| Recurring financial charges | 65 | €22,135 | €17,983 | -€4,152 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €26,996 | €25,248 | -€1,748 | -6.5% |
| Income taxes | 67/77 | €179 | €196 | +€17 | +9.3% |
| Profit (loss) for the period | 9904 | €26,817 | €25,052 | -€1,765 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,817 | €25,052 | -€1,765 | -6.6% |
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 18 October 2026 via checked.be.