DVCARS: 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.
DVCARS
Largest movements
- Tangible fixed assets -€12,648
down €12,648 (-6.7%), from €187,415 to €174,766
of which Land and buildings: -€11,139
- Receivables within one year -€8,289
down €8,289 (-85.7%), from €9,672 to €1,383
of which Trade receivables: -€7,914
- Intangible fixed assets -€4,383
down €4,383 (-11.7%), from €37,454 to €33,071
- Stocks and contracts +€3,854
up €3,854 (+9.0%), from €42,963 to €46,817
- Profit (loss) carried forward -€19,512
down €19,512 (-6.3%), from -€308,601 to -€328,113
- Tax, wage and social debts -€4,293
down €4,293 (-74.4%), from €5,771 to €1,478
- Gross operating margin -€18,327
down €18,327 (-61.9%), from €29,596 to €11,269
- Depreciation -€890
down €890 (-4.5%), from €19,587 to €18,697
- Financial charges -€541
down €541 (-14.5%), from €3,739 to €3,197
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 | €290,153 | €268,955 | -€21,198 | -7.3% |
| Fixed assets | 21/28 | €224,868 | €207,837 | -€17,031 | -7.6% |
| Intangible fixed assets | 21 | €37,454 | €33,071 | -€4,383 | -11.7% |
| Tangible fixed assets | 22/27 | €187,415 | €174,766 | -€12,648 | -6.7% |
| Land and buildings | 22 | €180,834 | €169,694 | -€11,139 | -6.2% |
| Plant, machinery and equipment | 23 | €1,664 | €2,297 | +€633 | +38.1% |
| Furniture and vehicles | 24 | €4,917 | €2,774 | -€2,142 | -43.6% |
| Current assets | 29/58 | €65,285 | €61,118 | -€4,167 | -6.4% |
| Stocks and contracts in progress | 3 | €42,963 | €46,817 | +€3,854 | +9.0% |
| Stocks | 30/36 | €42,963 | €46,817 | +€3,854 | +9.0% |
| Amounts receivable within one year | 40/41 | €9,672 | €1,383 | -€8,289 | -85.7% |
| Trade receivables | 40 | €9,297 | €1,383 | -€7,914 | -85.1% |
| Other amounts receivable | 41 | €375 | €0 | -€375 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,302 | €11,069 | -€233 | -2.1% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,849 | +€501 | +37.2% |
| Total equity and liabilities | 10/49 | €290,153 | €268,955 | -€21,198 | -7.3% |
| Equity | 10/15 | €3,077 | -€16,434 | -€19,512 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €286,679 | €286,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308,601 | -€328,113 | -€19,512 | -6.3% |
| Amounts payable | 17/49 | €287,076 | €285,389 | -€1,686 | -0.6% |
| Amounts payable within one year | 42/48 | €287,076 | €285,389 | -€1,686 | -0.6% |
| Trade debts | 44 | €20,543 | €21,573 | +€1,030 | +5.0% |
| Suppliers | 440/4 | €20,543 | €21,573 | +€1,030 | +5.0% |
| Taxes, remuneration and social security | 45 | €5,771 | €1,478 | -€4,293 | -74.4% |
| Taxes | 450/3 | €5,771 | €1,478 | -€4,293 | -74.4% |
| Other amounts payable | 47/48 | €260,762 | €262,339 | +€1,577 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,587 | €18,697 | -€890 | -4.5% |
| Other operating charges | 640/8 | €8,665 | €8,959 | +€294 | +3.4% |
| Gross operating margin | 9900 | €29,596 | €11,269 | -€18,327 | -61.9% |
| Operating profit (loss) | 9901 | €1,344 | -€16,387 | -€17,731 | |
| Financial income | 75/76B | €49 | €73 | +€24 | +49.7% |
| Recurring financial income | 75 | €49 | €73 | +€24 | +49.7% |
| Financial charges | 65/66B | €3,739 | €3,197 | -€541 | -14.5% |
| Recurring financial charges | 65 | €3,739 | €3,197 | -€541 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,346 | -€19,512 | -€17,166 | -731.7% |
| Profit (loss) for the period | 9904 | -€2,346 | -€19,512 | -€17,166 | -731.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,346 | -€19,512 | -€17,166 | -731.7% |
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 29 September 2026 via checked.be.