DVC Torvet: 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 Torvet
Largest movements
- Tangible fixed assets -€12,535
down €12,535 (-5.5%), from €225,932 to €213,397
of which Land and buildings: -€12,547
- Cash -€3,347
down €3,347 (-16.6%), from €20,164 to €16,817
mainly Contributions, distributions and other (-€20,106) and Other debts (-€10,397)
- Other debts -€10,397
down €10,397 (-13.4%), from €77,379 to €66,982
- Reserves -€5,511
down €5,511 (-5.4%), from €102,535 to €97,023
- Gross operating margin +€3,791
up €3,791 (+4.0%), from €93,987 to €97,778
- Taxes +€1,659
up €1,659 (+31.2%), from €5,320 to €6,980
- Financial charges -€1,326
down €1,326 (-19.7%), from €6,727 to €5,401
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 | €247,585 | €231,801 | -€15,784 | -6.4% |
| Fixed assets | 21/28 | €225,932 | €213,397 | -€12,535 | -5.5% |
| Tangible fixed assets | 22/27 | €225,932 | €213,397 | -€12,535 | -5.5% |
| Land and buildings | 22 | €213,301 | €200,754 | -€12,547 | -5.9% |
| Plant, machinery and equipment | 23 | €12,593 | €12,643 | +€50 | +0.4% |
| Furniture and vehicles | 24 | €38 | €0 | -€38 | -100% |
| Current assets | 29/58 | €21,653 | €18,404 | -€3,249 | -15.0% |
| Amounts receivable within one year | 40/41 | - | €24 | +€24 | |
| Other amounts receivable | 41 | - | €24 | +€24 | |
| Cash at bank and in hand | 54/58 | €20,164 | €16,817 | -€3,347 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,489 | €1,563 | +€74 | +5.0% |
| Total equity and liabilities | 10/49 | €247,585 | €231,801 | -€15,784 | -6.4% |
| Equity | 10/15 | €150,535 | €145,023 | -€5,511 | -3.7% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Reserves | 13 | €102,535 | €97,023 | -€5,511 | -5.4% |
| Distributable reserves | 133 | €102,535 | €97,023 | -€5,511 | -5.4% |
| Amounts payable | 17/49 | €97,050 | €86,778 | -€10,273 | -10.6% |
| Amounts payable within one year | 42/48 | €90,380 | €81,425 | -€8,955 | -9.9% |
| Trade debts | 44 | €174 | €1,618 | +€1,444 | +830% |
| Suppliers | 440/4 | €174 | €1,618 | +€1,444 | +830% |
| Taxes, remuneration and social security | 45 | €12,827 | €12,824 | -€3 | 0.0% |
| Taxes | 450/3 | €6,215 | €6,031 | -€184 | -3.0% |
| Remuneration and social security | 454/9 | €6,612 | €6,793 | +€181 | +2.7% |
| Other amounts payable | 47/48 | €77,379 | €66,982 | -€10,397 | -13.4% |
| Accrued charges and deferred income | 492/3 | €6,670 | €5,353 | -€1,317 | -19.7% |
| Remuneration, social security and pensions | 62 | €49,034 | €49,977 | +€943 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,420 | €14,364 | -€56 | -0.4% |
| Other operating charges | 640/8 | €6,228 | €6,499 | +€271 | +4.4% |
| Gross operating margin | 9900 | €93,987 | €97,778 | +€3,791 | +4.0% |
| Operating profit (loss) | 9901 | €24,305 | €26,938 | +€2,632 | +10.8% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €6,727 | €5,401 | -€1,326 | -19.7% |
| Recurring financial charges | 65 | €6,727 | €5,401 | -€1,326 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €17,578 | €21,574 | +€3,996 | +22.7% |
| Income taxes | 67/77 | €5,320 | €6,980 | +€1,659 | +31.2% |
| Profit (loss) for the period | 9904 | €12,258 | €14,594 | +€2,337 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,258 | €14,594 | +€2,337 | +19.1% |
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 25 October 2026 via checked.be.