DVDP Management: 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.
DVDP Management
Largest movements
- Tangible fixed assets +€147,655
up €147,655 (+52.1%), from €283,270 to €430,925
of which Land and buildings: +€154,978
- Receivables within one year -€53,507
down €53,507 (-42.0%), from €127,358 to €73,852
of which Trade receivables: -€58,590
- Debts after one year +€101,859
up €101,859 (+61.1%), from €166,644 to €268,503
- Other debts -€15,520
down €15,520 (-26.3%), from €59,041 to €43,522
- Reserves +€7,462
up €7,462 (+6.8%), from €109,302 to €116,763
- Current portion of long-term debt +€7,181
up €7,181 (+34.9%), from €20,573 to €27,755
- Staff costs +€8,895
up €8,895 (+25.3%), from €35,144 to €44,039
- Gross operating margin -€6,190
down €6,190 (-6.7%), from €92,120 to €85,929
- Write-downs -€3,375
no longer reported in 2025 (was €3,375)
- Depreciation +€3,308
up €3,308 (+18.3%), from €18,075 to €21,383
- Taxes -€2,558
down €2,558 (-35.2%), from €7,277 to €4,719
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 | €421,057 | €517,408 | +€96,351 | +22.9% |
| Fixed assets | 21/28 | €283,270 | €430,925 | +€147,655 | +52.1% |
| Tangible fixed assets | 22/27 | €283,270 | €430,925 | +€147,655 | +52.1% |
| Land and buildings | 22 | €222,659 | €377,637 | +€154,978 | +69.6% |
| Plant, machinery and equipment | 23 | €4,878 | €3,756 | -€1,121 | -23.0% |
| Furniture and vehicles | 24 | €29,895 | €23,534 | -€6,361 | -21.3% |
| Other tangible fixed assets | 26 | €25,837 | €24,965 | -€873 | -3.4% |
| Assets under construction and advance payments | 27 | - | €1,032 | +€1,032 | |
| Current assets | 29/58 | €137,787 | €86,483 | -€51,304 | -37.2% |
| Amounts receivable within one year | 40/41 | €127,358 | €73,852 | -€53,507 | -42.0% |
| Trade receivables | 40 | €125,212 | €66,622 | -€58,590 | -46.8% |
| Other amounts receivable | 41 | €2,147 | €7,230 | +€5,083 | +237% |
| Cash at bank and in hand | 54/58 | €10,414 | €11,882 | +€1,468 | +14.1% |
| Deferred charges and accrued income | 490/1 | €14 | €749 | +€735 | +5,251% |
| Total equity and liabilities | 10/49 | €421,057 | €517,408 | +€96,351 | +22.9% |
| Equity | 10/15 | €119,302 | €126,763 | +€7,462 | +6.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €109,302 | €116,763 | +€7,462 | +6.8% |
| Distributable reserves | 133 | €109,302 | €116,763 | +€7,462 | +6.8% |
| Amounts payable | 17/49 | €301,755 | €390,644 | +€88,889 | +29.5% |
| Amounts payable after more than one year | 17 | €166,644 | €268,503 | +€101,859 | +61.1% |
| Financial debts | 170/4 | €166,644 | €268,503 | +€101,859 | +61.1% |
| Amounts payable within one year | 42/48 | €135,111 | €122,141 | -€12,970 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €20,573 | €27,755 | +€7,181 | +34.9% |
| Trade debts | 44 | €30,000 | €28,185 | -€1,815 | -6.1% |
| Suppliers | 440/4 | €30,000 | €28,185 | -€1,815 | -6.1% |
| Taxes, remuneration and social security | 45 | €25,496 | €22,680 | -€2,816 | -11.0% |
| Taxes | 450/3 | €19,670 | €17,669 | -€2,001 | -10.2% |
| Remuneration and social security | 454/9 | €5,826 | €5,011 | -€815 | -14.0% |
| Other amounts payable | 47/48 | €59,041 | €43,522 | -€15,520 | -26.3% |
| Remuneration, social security and pensions | 62 | €35,144 | €44,039 | +€8,895 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,075 | €21,383 | +€3,308 | +18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,375 | - | -€3,375 | |
| Other operating charges | 640/8 | €2,131 | €1,684 | -€448 | -21.0% |
| Gross operating margin | 9900 | €92,120 | €85,929 | -€6,190 | -6.7% |
| Operating profit (loss) | 9901 | €33,395 | €18,825 | -€14,571 | -43.6% |
| Financial income | 75/76B | €15 | €93 | +€78 | +527% |
| Recurring financial income | 75 | €15 | €93 | +€78 | +527% |
| Financial charges | 65/66B | €4,260 | €6,737 | +€2,477 | +58.1% |
| Recurring financial charges | 65 | €4,260 | €6,737 | +€2,477 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €29,150 | €12,181 | -€16,969 | -58.2% |
| Income taxes | 67/77 | €7,277 | €4,719 | -€2,558 | -35.2% |
| Profit (loss) for the period | 9904 | €21,873 | €7,462 | -€14,412 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,873 | €7,462 | -€14,412 | -65.9% |
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.