DVA Construct: 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.
DVA Construct
Largest movements
- Receivables within one year +€140,836
up €140,836 (+230.6%), from €61,066 to €201,902
of which Trade receivables: +€151,823
- Cash +€65,728
up €65,728 (+39.2%), from €167,539 to €233,267
mainly Net result for the year (+€146,649) and Tax, wage and social debts (+€67,195)
- Tangible fixed assets -€18,551
down €18,551 (-39.9%), from €46,530 to €27,980
of which Furniture and vehicles: -€19,016
- Reserves +€87,000
up €87,000 (+65.4%), from €133,000 to €220,000
- Tax, wage and social debts +€67,195
up €67,195 (+569.0%), from €11,810 to €79,004
of which Taxes: +€61,345
- Other debts +€57,839
up €57,839 (+63.6%), from €90,938 to €148,776
- Trade debts -€26,244
down €26,244 (-100.0%), from €26,244 to €0
- Gross operating margin +€169,430
up €169,430 (+199.2%), from €85,056 to €254,487
- Taxes +€70,863
up €70,863 (+702.8%), from €10,083 to €80,946
- Other operating charges -€17,588
down €17,588 (-76.0%), from €23,148 to €5,560
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 | €277,926 | €465,365 | +€187,439 | +67.4% |
| Fixed assets | 21/28 | €46,530 | €27,980 | -€18,551 | -39.9% |
| Tangible fixed assets | 22/27 | €46,530 | €27,980 | -€18,551 | -39.9% |
| Plant, machinery and equipment | 23 | €3,907 | €4,372 | +€465 | +11.9% |
| Furniture and vehicles | 24 | €42,624 | €23,608 | -€19,016 | -44.6% |
| Current assets | 29/58 | €231,395 | €437,385 | +€205,990 | +89.0% |
| Amounts receivable within one year | 40/41 | €61,066 | €201,902 | +€140,836 | +230.6% |
| Trade receivables | 40 | €50,079 | €201,902 | +€151,823 | +303.2% |
| Other amounts receivable | 41 | €10,987 | - | -€10,987 | |
| Cash at bank and in hand | 54/58 | €167,539 | €233,267 | +€65,728 | +39.2% |
| Deferred charges and accrued income | 490/1 | €2,791 | €2,217 | -€574 | -20.6% |
| Total equity and liabilities | 10/49 | €277,926 | €465,365 | +€187,439 | +67.4% |
| Equity | 10/15 | €148,935 | €237,584 | +€88,649 | +59.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €133,000 | €220,000 | +€87,000 | +65.4% |
| Distributable reserves | 133 | €133,000 | €220,000 | +€87,000 | +65.4% |
| Profit (loss) carried forward | 14 | €7,875 | €9,524 | +€1,649 | +20.9% |
| Amounts payable | 17/49 | €128,991 | €227,781 | +€98,790 | +76.6% |
| Amounts payable within one year | 42/48 | €128,991 | €227,781 | +€98,790 | +76.6% |
| Trade debts | 44 | €26,244 | €0 | -€26,244 | -100.0% |
| Suppliers | 440/4 | €26,244 | €0 | -€26,244 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,810 | €79,004 | +€67,195 | +569.0% |
| Taxes | 450/3 | €11,810 | €73,154 | +€61,345 | +519.4% |
| Remuneration and social security | 454/9 | - | €5,850 | +€5,850 | |
| Other amounts payable | 47/48 | €90,938 | €148,776 | +€57,839 | +63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,510 | €21,342 | -€1,168 | -5.2% |
| Other operating charges | 640/8 | €23,148 | €5,560 | -€17,588 | -76.0% |
| Gross operating margin | 9900 | €85,056 | €254,487 | +€169,430 | +199.2% |
| Operating profit (loss) | 9901 | €39,398 | €227,584 | +€188,186 | +477.7% |
| Financial income | 75/76B | - | €87 | +€87 | |
| Recurring financial income | 75 | - | €87 | +€87 | |
| Financial charges | 65/66B | €229 | €75 | -€153 | -67.1% |
| Recurring financial charges | 65 | €229 | €75 | -€153 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €39,169 | €227,596 | +€188,427 | +481.1% |
| Income taxes | 67/77 | €10,083 | €80,946 | +€70,863 | +702.8% |
| Profit (loss) for the period | 9904 | €29,086 | €146,649 | +€117,563 | +404.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,086 | €146,649 | +€117,563 | +404.2% |
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 12 October 2026 via checked.be.