DVA Projects: 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 Projects
Largest movements
- Tangible fixed assets -€27,607
down €27,607 (-28.3%), from €97,586 to €69,979
of which Furniture and vehicles: -€24,686
- Receivables within one year +€12,672
up €12,672 (+52.2%), from €24,265 to €36,938
of which Other amounts receivable: +€22,664
- Cash -€8,221
down €8,221 (-39.4%), from €20,863 to €12,642
mainly Debts after one year (-€19,698) and Tax, wage and social debts (-€17,755)
- Debts after one year -€19,698
down €19,698 (-35.7%), from €55,229 to €35,530
- Tax, wage and social debts -€17,755
down €17,755 (-50.4%), from €35,227 to €17,473
of which Taxes: -€11,398
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Reserves +€6,516
up €6,516 (+38.3%), from €17,027 to €23,543
- Current portion of long-term debt -€5,230
down €5,230 (-21.0%), from €24,929 to €19,698
- Gross operating margin -€2,610
down €2,610 (-5.3%), from €49,046 to €46,436
- Depreciation +€2,074
up €2,074 (+7.1%), from €29,393 to €31,467
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 | €148,048 | €125,032 | -€23,015 | -15.5% |
| Fixed assets | 21/28 | €97,586 | €69,979 | -€27,607 | -28.3% |
| Tangible fixed assets | 22/27 | €97,586 | €69,979 | -€27,607 | -28.3% |
| Land and buildings | 22 | €1,818 | €1,212 | -€606 | -33.3% |
| Plant, machinery and equipment | 23 | €6,839 | €4,523 | -€2,316 | -33.9% |
| Furniture and vehicles | 24 | €88,929 | €64,244 | -€24,686 | -27.8% |
| Current assets | 29/58 | €50,462 | €55,054 | +€4,592 | +9.1% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,265 | €36,938 | +€12,672 | +52.2% |
| Trade receivables | 40 | €17,119 | €7,127 | -€9,992 | -58.4% |
| Other amounts receivable | 41 | €7,146 | €29,811 | +€22,664 | +317% |
| Cash at bank and in hand | 54/58 | €20,863 | €12,642 | -€8,221 | -39.4% |
| Deferred charges and accrued income | 490/1 | €2,834 | €2,974 | +€140 | +5.0% |
| Total equity and liabilities | 10/49 | €148,048 | €125,032 | -€23,015 | -15.5% |
| Equity | 10/15 | €23,227 | €42,143 | +€18,916 | +81.4% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €17,027 | €23,543 | +€6,516 | +38.3% |
| Distributable reserves | 133 | €17,027 | €23,543 | +€6,516 | +38.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €124,821 | €82,890 | -€41,931 | -33.6% |
| Amounts payable after more than one year | 17 | €55,229 | €35,530 | -€19,698 | -35.7% |
| Financial debts | 170/4 | €55,229 | €35,530 | -€19,698 | -35.7% |
| Amounts payable within one year | 42/48 | €69,592 | €47,359 | -€22,233 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €24,929 | €19,698 | -€5,230 | -21.0% |
| Trade debts | 44 | €7,227 | €10,188 | +€2,961 | +41.0% |
| Suppliers | 440/4 | €7,227 | €10,188 | +€2,961 | +41.0% |
| Taxes, remuneration and social security | 45 | €35,227 | €17,473 | -€17,755 | -50.4% |
| Taxes | 450/3 | €28,871 | €17,473 | -€11,398 | -39.5% |
| Remuneration and social security | 454/9 | €6,356 | €0 | -€6,356 | -100% |
| Other amounts payable | 47/48 | €2,209 | €0 | -€2,209 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,393 | €31,467 | +€2,074 | +7.1% |
| Other operating charges | 640/8 | €792 | €897 | +€104 | +13.2% |
| Gross operating margin | 9900 | €49,046 | €46,436 | -€2,610 | -5.3% |
| Operating profit (loss) | 9901 | €18,861 | €14,072 | -€4,788 | -25.4% |
| Financial income | 75/76B | €838 | €970 | +€132 | +15.8% |
| Recurring financial income | 75 | €838 | €970 | +€132 | +15.8% |
| Financial charges | 65/66B | €2,170 | €2,319 | +€149 | +6.9% |
| Recurring financial charges | 65 | €2,170 | €2,319 | +€149 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €17,529 | €12,723 | -€4,806 | -27.4% |
| Income taxes | 67/77 | €6,581 | €6,207 | -€374 | -5.7% |
| Profit (loss) for the period | 9904 | €10,947 | €6,516 | -€4,431 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,947 | €6,516 | -€4,431 | -40.5% |
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 22 October 2026 via checked.be.