DVC Group: 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.
DVC Group
Largest movements
- Tangible fixed assets -€23,565
down €23,565 (-53.6%), from €43,930 to €20,365
of which Furniture and vehicles: -€14,766
- Cash -€6,784
down €6,784 (-26.6%), from €25,528 to €18,744
mainly Other debts (-€19,954) and Trade debts (-€18,215)
- Stocks and contracts -€3,225
down €3,225 (-7.2%), from €44,765 to €41,540
- Deferred charges and accrued income +€2,423
up €2,423 (+114%), from €2,129 to €4,553
- Receivables within one year -€2,240
down €2,240 (-17.3%), from €12,919 to €10,678
of which Trade receivables: -€4,283
- Other debts -€19,954
down €19,954 (-33.9%), from €58,799 to €38,844
- Trade debts -€18,215
down €18,215 (-77.5%), from €23,507 to €5,292
- Tax, wage and social debts +€8,933
up €8,933 (+183%), from €4,868 to €13,801
of which Taxes: +€6,920
- Current portion of long-term debt -€7,419
down €7,419 (-66.0%), from €11,235 to €3,816
- Reserves +€7,158
up €7,158 (+34.0%), from €21,058 to €28,216
- Gross operating margin -€16,380
down €16,380 (-40.7%), from €40,198 to €23,818
- Depreciation -€3,673
down €3,673 (-27.0%), from €13,623 to €9,950
- Taxes -€3,098
down €3,098 (-61.3%), from €5,055 to €1,957
- Other operating charges +€1,370
up €1,370 (+90.4%), from €1,515 to €2,884
- Financial charges -€1,101
down €1,101 (-62.7%), from €1,756 to €655
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 | €129,965 | €95,880 | -€34,084 | -26.2% |
| Fixed assets | 21/28 | €44,623 | €20,365 | -€24,258 | -54.4% |
| Intangible fixed assets | 21 | €693 | - | -€693 | |
| Tangible fixed assets | 22/27 | €43,930 | €20,365 | -€23,565 | -53.6% |
| Plant, machinery and equipment | 23 | €12,188 | €6,670 | -€5,518 | -45.3% |
| Furniture and vehicles | 24 | €26,077 | €11,311 | -€14,766 | -56.6% |
| Other tangible fixed assets | 26 | €5,665 | €2,384 | -€3,281 | -57.9% |
| Current assets | 29/58 | €85,341 | €75,515 | -€9,826 | -11.5% |
| Stocks and contracts in progress | 3 | €44,765 | €41,540 | -€3,225 | -7.2% |
| Stocks | 30/36 | €44,765 | €41,540 | -€3,225 | -7.2% |
| Amounts receivable within one year | 40/41 | €12,919 | €10,678 | -€2,240 | -17.3% |
| Trade receivables | 40 | €12,919 | €8,635 | -€4,283 | -33.2% |
| Other amounts receivable | 41 | - | €2,043 | +€2,043 | |
| Cash at bank and in hand | 54/58 | €25,528 | €18,744 | -€6,784 | -26.6% |
| Deferred charges and accrued income | 490/1 | €2,129 | €4,553 | +€2,423 | +114% |
| Total equity and liabilities | 10/49 | €129,965 | €95,880 | -€34,084 | -26.2% |
| Equity | 10/15 | €26,058 | €33,216 | +€7,158 | +27.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,058 | €28,216 | +€7,158 | +34.0% |
| Distributable reserves | 133 | €21,058 | €28,216 | +€7,158 | +34.0% |
| Amounts payable | 17/49 | €103,906 | €62,664 | -€41,242 | -39.7% |
| Amounts payable after more than one year | 17 | €4,738 | - | -€4,738 | |
| Financial debts | 170/4 | €4,738 | - | -€4,738 | |
| Amounts payable within one year | 42/48 | €98,409 | €61,753 | -€36,656 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €11,235 | €3,816 | -€7,419 | -66.0% |
| Trade debts | 44 | €23,507 | €5,292 | -€18,215 | -77.5% |
| Suppliers | 440/4 | €23,507 | €5,292 | -€18,215 | -77.5% |
| Taxes, remuneration and social security | 45 | €4,868 | €13,801 | +€8,933 | +183% |
| Taxes | 450/3 | €4,868 | €11,788 | +€6,920 | +142% |
| Remuneration and social security | 454/9 | - | €2,012 | +€2,012 | |
| Other amounts payable | 47/48 | €58,799 | €38,844 | -€19,954 | -33.9% |
| Accrued charges and deferred income | 492/3 | €760 | €911 | +€151 | +19.9% |
| Non-recurring operating income | 76A | €1,666 | - | -€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,623 | €9,950 | -€3,673 | -27.0% |
| Other operating charges | 640/8 | €1,515 | €2,884 | +€1,370 | +90.4% |
| Non-recurring operating charges | 66A | - | €2,010 | +€2,010 | |
| Gross operating margin | 9900 | €40,198 | €23,818 | -€16,380 | -40.7% |
| Operating profit (loss) | 9901 | €25,061 | €8,974 | -€16,087 | -64.2% |
| Financial income | 75/76B | €240 | €796 | +€556 | +231% |
| Recurring financial income | 75 | €240 | €796 | +€556 | +231% |
| Financial charges | 65/66B | €1,756 | €655 | -€1,101 | -62.7% |
| Recurring financial charges | 65 | €1,756 | €655 | -€1,101 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €23,545 | €9,115 | -€14,430 | -61.3% |
| Income taxes | 67/77 | €5,055 | €1,957 | -€3,098 | -61.3% |
| Profit (loss) for the period | 9904 | €18,490 | €7,158 | -€11,332 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,490 | €7,158 | -€11,332 | -61.3% |
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 14 October 2026 via checked.be.