DVDA: 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.
DVDA
Largest movements
- Receivables within one year +€21,980
up €21,980 (+3.6%), from €602,271 to €624,252
of which Other amounts receivable: +€68,453
- Cash -€13,276
down €13,276 (-87.6%), from €15,162 to €1,886
mainly Trade debts (-€74,610) and Receivables within one year (-€21,980)
- Trade debts -€74,610
down €74,610 (-29.7%), from €250,872 to €176,262
- Reserves +€65,561
up €65,561 (+26.9%), from €243,451 to €309,012
of which Distributable reserves: +€65,561
- Tax, wage and social debts +€16,589
up €16,589 (+42.3%), from €39,262 to €55,851
- Gross operating margin +€14,137
up €14,137 (+16.0%), from €88,361 to €102,498
- Taxes +€5,534
up €5,534 (+19.4%), from €28,578 to €34,112
- Financial charges -€2,762
down €2,762 (-87.1%), from €3,171 to €409
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 | €619,397 | €626,937 | +€7,540 | +1.2% |
| Fixed assets | 21/28 | €1,964 | €800 | -€1,164 | -59.3% |
| Tangible fixed assets | 22/27 | €1,964 | €800 | -€1,164 | -59.3% |
| Plant, machinery and equipment | 23 | €523 | - | -€523 | |
| Furniture and vehicles | 24 | €1,441 | €800 | -€641 | -44.5% |
| Current assets | 29/58 | €617,433 | €626,137 | +€8,704 | +1.4% |
| Amounts receivable within one year | 40/41 | €602,271 | €624,252 | +€21,980 | +3.6% |
| Trade receivables | 40 | €220,877 | €174,404 | -€46,473 | -21.0% |
| Other amounts receivable | 41 | €381,394 | €449,848 | +€68,453 | +17.9% |
| Cash at bank and in hand | 54/58 | €15,162 | €1,886 | -€13,276 | -87.6% |
| Total equity and liabilities | 10/49 | €619,397 | €626,937 | +€7,540 | +1.2% |
| Equity | 10/15 | €329,263 | €394,824 | +€65,561 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €243,451 | €309,012 | +€65,561 | +26.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €241,596 | €307,157 | +€65,561 | +27.1% |
| Profit (loss) carried forward | 14 | €79,612 | €79,612 | = | 0.0% |
| Amounts payable | 17/49 | €290,134 | €232,113 | -€58,021 | -20.0% |
| Amounts payable within one year | 42/48 | €290,134 | €232,113 | -€58,021 | -20.0% |
| Trade debts | 44 | €250,872 | €176,262 | -€74,610 | -29.7% |
| Suppliers | 440/4 | €250,872 | €176,262 | -€74,610 | -29.7% |
| Taxes, remuneration and social security | 45 | €39,262 | €55,851 | +€16,589 | +42.3% |
| Taxes | 450/3 | €39,262 | €55,851 | +€16,589 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €1,164 | -€47 | -3.9% |
| Other operating charges | 640/8 | €1,197 | €1,252 | +€55 | +4.6% |
| Gross operating margin | 9900 | €88,361 | €102,498 | +€14,137 | +16.0% |
| Operating profit (loss) | 9901 | €85,953 | €100,081 | +€14,128 | +16.4% |
| Financial charges | 65/66B | €3,171 | €409 | -€2,762 | -87.1% |
| Recurring financial charges | 65 | €3,171 | €409 | -€2,762 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €82,783 | €99,673 | +€16,890 | +20.4% |
| Income taxes | 67/77 | €28,578 | €34,112 | +€5,534 | +19.4% |
| Profit (loss) for the period | 9904 | €54,205 | €65,561 | +€11,356 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,205 | €65,561 | +€11,356 | +20.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.