DVA Real Estate: what changed
DVA Real Estate
Largest movements
- Receivables within one year -€41,615
down €41,615 (-34.4%), from €121,066 to €79,451
of which Other amounts receivable: -€72,208
- Cash +€9,969
up €9,969 (+69.8%), from €14,286 to €24,255
mainly Receivables within one year (+€41,615) and Depreciation (+€3,231)
- Tangible fixed assets +€2,619
up €2,619 (+31.8%), from €8,236 to €10,854
of which Furniture and vehicles: +€3,186
- Tax, wage and social debts -€30,206
down €30,206 (-59.1%), from €51,093 to €20,888
of which Taxes: -€28,528
- Gross operating margin -€36,330
down €36,330 (-30.6%), from €118,904 to €82,574
- Taxes -€12,930
down €12,930 (-85.2%), from €15,180 to €2,249
- Staff costs +€9,442
up €9,442 (+18.6%), from €50,721 to €60,162
- Financial charges +€5,561
up €5,561 (+86.0%), from €6,466 to €12,027
- Write-downs +€1,840
new in 2025: €1,840
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,244 | €207,749 | -€31,495 | -13.2% |
| Fixed assets | 21/28 | €11,525 | €14,043 | +€2,519 | +21.9% |
| Tangible fixed assets | 22/27 | €8,236 | €10,854 | +€2,619 | +31.8% |
| Furniture and vehicles | 24 | €4,483 | €7,668 | +€3,186 | +71.1% |
| Other tangible fixed assets | 26 | €3,753 | €3,186 | -€567 | -15.1% |
| Financial fixed assets | 28 | €3,289 | €3,189 | -€100 | -3.0% |
| Current assets | 29/58 | €227,719 | €193,706 | -€34,013 | -14.9% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €121,066 | €79,451 | -€41,615 | -34.4% |
| Trade receivables | 40 | €37,237 | €67,830 | +€30,593 | +82.2% |
| Other amounts receivable | 41 | €83,829 | €11,621 | -€72,208 | -86.1% |
| Cash at bank and in hand | 54/58 | €14,286 | €24,255 | +€9,969 | +69.8% |
| Deferred charges and accrued income | 490/1 | €2,367 | - | -€2,367 | |
| Total equity and liabilities | 10/49 | €239,244 | €207,749 | -€31,495 | -13.2% |
| Equity | 10/15 | €183,675 | €184,493 | +€817 | +0.4% |
| Reserves | 13 | €183,675 | €184,493 | +€817 | +0.4% |
| Distributable reserves | 133 | €183,675 | €184,493 | +€817 | +0.4% |
| Amounts payable | 17/49 | €55,569 | €23,257 | -€32,312 | -58.1% |
| Amounts payable within one year | 42/48 | €55,569 | €23,257 | -€32,312 | -58.1% |
| Trade debts | 44 | €4,475 | €2,369 | -€2,106 | -47.1% |
| Suppliers | 440/4 | €4,475 | €2,369 | -€2,106 | -47.1% |
| Taxes, remuneration and social security | 45 | €51,093 | €20,888 | -€30,206 | -59.1% |
| Taxes | 450/3 | €38,686 | €10,158 | -€28,528 | -73.7% |
| Remuneration and social security | 454/9 | €12,407 | €10,730 | -€1,677 | -13.5% |
| Remuneration, social security and pensions | 62 | €50,721 | €60,162 | +€9,442 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,417 | €3,231 | -€186 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,840 | +€1,840 | |
| Other operating charges | 640/8 | €3,157 | €2,392 | -€765 | -24.2% |
| Gross operating margin | 9900 | €118,904 | €82,574 | -€36,330 | -30.6% |
| Operating profit (loss) | 9901 | €61,610 | €14,949 | -€46,661 | -75.7% |
| Financial income | 75/76B | €110 | €144 | +€35 | +31.5% |
| Recurring financial income | 75 | €110 | €144 | +€35 | +31.5% |
| Financial charges | 65/66B | €6,466 | €12,027 | +€5,561 | +86.0% |
| Recurring financial charges | 65 | €6,466 | €12,027 | +€5,561 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €55,254 | €3,066 | -€52,188 | -94.5% |
| Income taxes | 67/77 | €15,180 | €2,249 | -€12,930 | -85.2% |
| Profit (loss) for the period | 9904 | €40,075 | €817 | -€39,257 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,075 | €817 | -€39,257 | -98.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.