DVC INVEST: 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 INVEST
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+10,000%), from €2,000 to €202,000
- Tangible fixed assets -€30,630
down €30,630 (-32.5%), from €94,209 to €63,579
- Receivables within one year +€27,709
up €27,709 (+514%), from €5,389 to €33,098
of which Trade receivables: +€29,113
- Cash -€14,069
down €14,069 (-82.8%), from €16,998 to €2,929
mainly Investment in fixed assets (net) (-€200,000) and Receivables within one year (-€27,709)
- Intangible fixed assets -€3,227
down €3,227 (-92.3%), from €3,496 to €270
- Other debts +€134,726
up €134,726 (+102%), from €132,539 to €267,265
- Debts after one year +€36,000
new in 2025: €36,000
- Current portion of long-term debt +€12,000
new in 2025: €12,000
- Tax, wage and social debts -€3,244
down €3,244 (-81.2%), from €3,996 to €752
of which Taxes: -€1,994
- Turnover -€134,784
no longer reported in 2025 (was €134,784)
- Purchases and services -€91,474
no longer reported in 2025 (was €91,474)
- Depreciation -€28,929
down €28,929 (-46.1%), from €62,785 to €33,856
- Gross operating margin -€17,148
down €17,148 (-31.7%), from €54,136 to €36,989
- Staff costs -€7,205
down €7,205 (-100%), from €7,205 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.
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 | €122,092 | €302,500 | +€180,409 | +148% |
| Fixed assets | 21/28 | €99,705 | €265,849 | +€166,144 | +167% |
| Intangible fixed assets | 21 | €3,496 | €270 | -€3,227 | -92.3% |
| Tangible fixed assets | 22/27 | €94,209 | €63,579 | -€30,630 | -32.5% |
| Furniture and vehicles | 24 | €94,209 | €63,579 | -€30,630 | -32.5% |
| Financial fixed assets | 28 | €2,000 | €202,000 | +€200,000 | +10,000% |
| Current assets | 29/58 | €22,387 | €36,652 | +€14,265 | +63.7% |
| Amounts receivable within one year | 40/41 | €5,389 | €33,098 | +€27,709 | +514% |
| Trade receivables | 40 | €3,848 | €32,961 | +€29,113 | +757% |
| Other amounts receivable | 41 | €1,541 | €137 | -€1,405 | -91.1% |
| Cash at bank and in hand | 54/58 | €16,998 | €2,929 | -€14,069 | -82.8% |
| Deferred charges and accrued income | 490/1 | - | €625 | +€625 | |
| Total equity and liabilities | 10/49 | €122,092 | €302,500 | +€180,409 | +148% |
| Equity | 10/15 | -€15,477 | -€13,659 | +€1,818 | +11.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,477 | -€15,659 | +€1,818 | +10.4% |
| Amounts payable | 17/49 | €137,568 | €316,159 | +€178,591 | +130% |
| Amounts payable after more than one year | 17 | - | €36,000 | +€36,000 | |
| Financial debts | 170/4 | - | €36,000 | +€36,000 | |
| Amounts payable within one year | 42/48 | €137,568 | €280,159 | +€142,591 | +104% |
| Current portion of amounts payable after more than one year | 42 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €1,034 | €142 | -€891 | -86.2% |
| Suppliers | 440/4 | €1,034 | €142 | -€891 | -86.2% |
| Taxes, remuneration and social security | 45 | €3,996 | €752 | -€3,244 | -81.2% |
| Taxes | 450/3 | €2,461 | €467 | -€1,994 | -81.0% |
| Remuneration and social security | 454/9 | €1,535 | €285 | -€1,250 | -81.4% |
| Other amounts payable | 47/48 | €132,539 | €267,265 | +€134,726 | +102% |
| Turnover | 70 | €134,784 | - | -€134,784 | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,474 | - | -€91,474 | |
| Remuneration, social security and pensions | 62 | €7,205 | €0 | -€7,205 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,785 | €33,856 | -€28,929 | -46.1% |
| Other operating charges | 640/8 | €1,524 | €801 | -€723 | -47.4% |
| Gross operating margin | 9900 | €54,136 | €36,989 | -€17,148 | -31.7% |
| Operating profit (loss) | 9901 | -€17,378 | €2,331 | +€19,710 | |
| Financial income | 75/76B | €12 | €0 | -€12 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €111 | €46 | -€64 | -58.1% |
| Recurring financial charges | 65 | €111 | €46 | -€64 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,477 | €2,285 | +€19,762 | |
| Income taxes | 67/77 | - | €467 | +€467 | |
| Profit (loss) for the period | 9904 | -€17,477 | €1,818 | +€19,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,477 | €1,818 | +€19,295 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.