DVB Build: what changed
Two fiscal 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.
DVB Build
Largest movements
- Tangible fixed assets +€16,157
up €16,157 (+65.4%), from €24,691 to €40,847
of which Leasing and similar rights: +€12,012
- Receivables within one year -€3,285
down €3,285 (-29.5%), from €11,149 to €7,865
of which Trade receivables: -€4,918
- Cash +€1,412
up €1,412, from €0 to €1,412
mainly Depreciation (+€8,717) and Debts after one year (+€8,302)
- Deferred charges and accrued income -€799
down €799 (-77.7%), from €1,029 to €230
- Debts after one year +€8,302
up €8,302 (+49.2%), from €16,863 to €25,165
- Other debts +€3,985
up €3,985 (+406.3%), from €981 to €4,965
- Trade debts +€1,772
up €1,772 (+86.6%), from €2,046 to €3,819
- Profit (loss) carried forward -€1,242
new in 2025: -€1,242
- Current portion of long-term debt -€1,019
down €1,019 (-13.2%), from €7,706 to €6,687
- Gross operating margin -€2,035
down €2,035 (-14.5%), from €13,988 to €11,953
- Financial charges +€1,429
up €1,429 (+88.1%), from €1,622 to €3,050
- Other operating charges -€1,259
down €1,259 (-48.0%), from €2,623 to €1,364
- Taxes -€394
down €394 (-100.0%), from €394 to €0
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 | €38,070 | €51,163 | +€13,092 | +34.4% |
| Formation expenses | 20 | €1,202 | €809 | -€393 | -32.7% |
| Fixed assets | 21/28 | €24,691 | €40,847 | +€16,157 | +65.4% |
| Tangible fixed assets | 22/27 | €24,691 | €40,847 | +€16,157 | +65.4% |
| Plant, machinery and equipment | 23 | - | €3,212 | +€3,212 | |
| Furniture and vehicles | 24 | €883 | €1,815 | +€932 | +105.6% |
| Leasing and similar rights | 25 | €23,808 | €35,820 | +€12,012 | +50.5% |
| Current assets | 29/58 | €12,178 | €9,507 | -€2,672 | -21.9% |
| Amounts receivable within one year | 40/41 | €11,149 | €7,865 | -€3,285 | -29.5% |
| Trade receivables | 40 | €10,780 | €5,862 | -€4,918 | -45.6% |
| Other amounts receivable | 41 | €370 | €2,003 | +€1,633 | +441.8% |
| Cash at bank and in hand | 54/58 | €0 | €1,412 | +€1,412 | |
| Deferred charges and accrued income | 490/1 | €1,029 | €230 | -€799 | -77.7% |
| Total equity and liabilities | 10/49 | €38,070 | €51,163 | +€13,092 | +34.4% |
| Equity | 10/15 | €2,470 | €1,228 | -€1,242 | -50.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €970 | €970 | = | 0.0% |
| Distributable reserves | 133 | €970 | €970 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,242 | -€1,242 | |
| Amounts payable | 17/49 | €35,601 | €49,934 | +€14,334 | +40.3% |
| Amounts payable after more than one year | 17 | €16,863 | €25,165 | +€8,302 | +49.2% |
| Financial debts | 170/4 | €16,863 | €25,165 | +€8,302 | +49.2% |
| Amounts payable within one year | 42/48 | €18,538 | €23,969 | +€5,431 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €7,706 | €6,687 | -€1,019 | -13.2% |
| Trade debts | 44 | €2,046 | €3,819 | +€1,772 | +86.6% |
| Suppliers | 440/4 | €2,046 | €3,819 | +€1,772 | +86.6% |
| Taxes, remuneration and social security | 45 | €7,804 | €8,498 | +€694 | +8.9% |
| Taxes | 450/3 | €3,834 | €981 | -€2,853 | -74.4% |
| Remuneration and social security | 454/9 | €3,970 | €7,517 | +€3,547 | +89.3% |
| Other amounts payable | 47/48 | €981 | €4,965 | +€3,985 | +406.3% |
| Accrued charges and deferred income | 492/3 | €200 | €800 | +€600 | +300.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,596 | €8,717 | +€121 | +1.4% |
| Other operating charges | 640/8 | €2,623 | €1,364 | -€1,259 | -48.0% |
| Non-recurring operating charges | 66A | - | €68 | +€68 | |
| Gross operating margin | 9900 | €13,988 | €11,953 | -€2,035 | -14.5% |
| Operating profit (loss) | 9901 | €2,769 | €1,804 | -€965 | -34.9% |
| Financial income | 75/76B | €0 | €5 | +€5 | +9900.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +9900.0% |
| Financial charges | 65/66B | €1,622 | €3,050 | +€1,429 | +88.1% |
| Recurring financial charges | 65 | €1,622 | €3,050 | +€1,429 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €1,147 | -€1,242 | -€2,389 | |
| Income taxes | 67/77 | €394 | €0 | -€394 | -100.0% |
| Profit (loss) for the period | 9904 | €753 | -€1,242 | -€1,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €753 | -€1,242 | -€1,995 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.