DVC Management: 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.
DVC Management
Largest movements
- Receivables within one year -€32,194
down €32,194 (-93.6%), from €34,388 to €2,193
of which Other amounts receivable: -€26,899
- Cash -€1,137
down €1,137 (-99.9%), from €1,137 to €1
mainly Net result for the year (-€31,560) and Trade debts (-€8,026)
- Profit (loss) carried forward -€31,560
down €31,560, from €970 to -€30,590
- Trade debts -€8,026
down €8,026 (-87.1%), from €9,211 to €1,185
- Other debts +€4,146
new in 2025: €4,146
- Tax, wage and social debts +€1,857
new in 2025: €1,857
- Financial charges +€31,494
up €31,494 (+7380.9%), from €427 to €31,921
- Gross operating margin -€5,779
down €5,779 (-83.8%), from €6,899 to €1,121
- Taxes -€1,835
down €1,835 (-99.4%), from €1,846 to €11
- Financial income -€1,088
no longer reported in 2025 (was €1,088)
- Other operating charges -€869
down €869 (-63.6%), from €1,366 to €497
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 | €36,181 | €2,599 | -€33,583 | -92.8% |
| Fixed assets | 21/28 | €656 | €405 | -€252 | -38.4% |
| Tangible fixed assets | 22/27 | €596 | €345 | -€252 | -42.2% |
| Furniture and vehicles | 24 | €596 | €345 | -€252 | -42.2% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €35,525 | €2,194 | -€33,331 | -93.8% |
| Amounts receivable within one year | 40/41 | €34,388 | €2,193 | -€32,194 | -93.6% |
| Trade receivables | 40 | €7,489 | €2,193 | -€5,295 | -70.7% |
| Other amounts receivable | 41 | €26,899 | - | -€26,899 | |
| Cash at bank and in hand | 54/58 | €1,137 | €1 | -€1,137 | -99.9% |
| Total equity and liabilities | 10/49 | €36,181 | €2,599 | -€33,583 | -92.8% |
| Equity | 10/15 | €26,970 | -€4,590 | -€31,560 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €970 | -€30,590 | -€31,560 | |
| Amounts payable | 17/49 | €9,211 | €7,189 | -€2,023 | -22.0% |
| Amounts payable within one year | 42/48 | €9,211 | €7,189 | -€2,023 | -22.0% |
| Trade debts | 44 | €9,211 | €1,185 | -€8,026 | -87.1% |
| Suppliers | 440/4 | €9,211 | €1,185 | -€8,026 | -87.1% |
| Taxes, remuneration and social security | 45 | - | €1,857 | +€1,857 | |
| Taxes | 450/3 | - | €1,857 | +€1,857 | |
| Other amounts payable | 47/48 | - | €4,146 | +€4,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | €252 | +€92 | +58.0% |
| Other operating charges | 640/8 | €1,366 | €497 | -€869 | -63.6% |
| Gross operating margin | 9900 | €6,899 | €1,121 | -€5,779 | -83.8% |
| Operating profit (loss) | 9901 | €5,373 | €372 | -€5,002 | -93.1% |
| Financial income | 75/76B | €1,088 | - | -€1,088 | |
| Recurring financial income | 75 | €1,088 | - | -€1,088 | |
| Financial charges | 65/66B | €427 | €31,921 | +€31,494 | +7380.9% |
| Recurring financial charges | 65 | €427 | €31,921 | +€31,494 | +7380.9% |
| Profit (loss) for the period before taxes | 9903 | €6,035 | -€31,549 | -€37,584 | |
| Income taxes | 67/77 | €1,846 | €11 | -€1,835 | -99.4% |
| Profit (loss) for the period | 9904 | €4,189 | -€31,560 | -€35,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,189 | -€31,560 | -€35,749 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.