DVCS: 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.
DVCS
Largest movements
- Receivables within one year +€5,795
up €5,795 (+25.5%), from €22,728 to €28,522
of which Other amounts receivable: +€4,455
- Cash +€5,630
up €5,630 (+6.1%), from €92,232 to €97,862
mainly Other debts (+€41,176) and Net result for the year (+€19,077)
- Tangible fixed assets +€5,116
up €5,116 (+145.7%), from €3,511 to €8,627
of which Furniture and vehicles: +€5,838
- Other debts +€41,176
new in 2025: €41,176
- Reserves -€22,100
down €22,100 (-20.4%), from €108,153 to €86,053
- Tax, wage and social debts -€4,003
down €4,003 (-88.5%), from €4,522 to €519
of which Remuneration and social security: -€2,340
- Trade debts +€2,219
up €2,219 (+45.5%), from €4,874 to €7,093
- Gross operating margin -€11,320
down €11,320 (-26.9%), from €42,061 to €30,741
- Taxes -€1,773
down €1,773 (-23.1%), from €7,684 to €5,912
- Depreciation +€602
up €602 (+25.4%), from €2,367 to €2,969
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 | €120,549 | €137,850 | +€17,300 | +14.4% |
| Fixed assets | 21/28 | €3,553 | €8,627 | +€5,074 | +142.8% |
| Intangible fixed assets | 21 | €42 | €0 | -€42 | -100.0% |
| Tangible fixed assets | 22/27 | €3,511 | €8,627 | +€5,116 | +145.7% |
| Plant, machinery and equipment | 23 | €883 | €161 | -€722 | -81.7% |
| Furniture and vehicles | 24 | €2,628 | €8,465 | +€5,838 | +222.2% |
| Current assets | 29/58 | €116,997 | €129,223 | +€12,226 | +10.5% |
| Amounts receivable within one year | 40/41 | €22,728 | €28,522 | +€5,795 | +25.5% |
| Trade receivables | 40 | €14,285 | €15,626 | +€1,340 | +9.4% |
| Other amounts receivable | 41 | €8,442 | €12,897 | +€4,455 | +52.8% |
| Cash at bank and in hand | 54/58 | €92,232 | €97,862 | +€5,630 | +6.1% |
| Deferred charges and accrued income | 490/1 | €2,037 | €2,838 | +€801 | +39.3% |
| Total equity and liabilities | 10/49 | €120,549 | €137,850 | +€17,300 | +14.4% |
| Equity | 10/15 | €111,153 | €89,053 | -€22,100 | -19.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €108,153 | €86,053 | -€22,100 | -20.4% |
| Distributable reserves | 133 | €108,153 | €86,053 | -€22,100 | -20.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,396 | €48,796 | +€39,400 | +419.3% |
| Amounts payable within one year | 42/48 | €9,396 | €48,789 | +€39,393 | +419.2% |
| Trade debts | 44 | €4,874 | €7,093 | +€2,219 | +45.5% |
| Suppliers | 440/4 | €4,874 | €7,093 | +€2,219 | +45.5% |
| Taxes, remuneration and social security | 45 | €4,522 | €519 | -€4,003 | -88.5% |
| Taxes | 450/3 | €2,182 | €519 | -€1,663 | -76.2% |
| Remuneration and social security | 454/9 | €2,340 | €0 | -€2,340 | -100.0% |
| Other amounts payable | 47/48 | - | €41,176 | +€41,176 | |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,367 | €2,969 | +€602 | +25.4% |
| Other operating charges | 640/8 | €806 | €463 | -€343 | -42.6% |
| Non-recurring operating charges | 66A | - | €269 | +€269 | |
| Gross operating margin | 9900 | €42,061 | €30,741 | -€11,320 | -26.9% |
| Operating profit (loss) | 9901 | €38,888 | €27,040 | -€11,848 | -30.5% |
| Financial income | 75/76B | €183 | €293 | +€110 | +60.4% |
| Recurring financial income | 75 | €183 | €293 | +€110 | +60.4% |
| Financial charges | 65/66B | €2,497 | €2,345 | -€152 | -6.1% |
| Recurring financial charges | 65 | €2,497 | €2,345 | -€152 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €36,574 | €24,988 | -€11,585 | -31.7% |
| Income taxes | 67/77 | €7,684 | €5,912 | -€1,773 | -23.1% |
| Profit (loss) for the period | 9904 | €28,889 | €19,077 | -€9,813 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,889 | €19,077 | -€9,813 | -34.0% |
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 6 October 2026 via checked.be.