DVG & C°: 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.
DVG & C°
Largest movements
- Cash -€20,310
down €20,310 (-72.2%), from €28,143 to €7,833
mainly Contributions, distributions and other (-€26,274) and Trade debts (-€19,077)
- Receivables within one year -€7,021
down €7,021 (-11.0%), from €63,596 to €56,575
of which Trade receivables: -€13,275
- Tangible fixed assets -€4,696
down €4,696 (-81.0%), from €5,796 to €1,101
of which Furniture and vehicles: -€4,120
- Deferred charges and accrued income +€1,370
up €1,370 (+257%), from €532 to €1,901
- Reserves -€26,274
down €26,274 (-44.8%), from €58,663 to €32,389
of which Distributable reserves: -€26,274
- Other debts +€19,635
up €19,635 (+1,963%), from €1,000 to €20,635
- Trade debts -€19,077
down €19,077 (-62.5%), from €30,524 to €11,448
of which Suppliers: -€24,050
- Advances received -€1,800
no longer reported in 2025 (was €1,800)
- Profit (loss) carried forward -€1,612
down €1,612 (-12.4%), from -€12,986 to -€14,598
- Gross operating margin -€13,411
down €13,411 (-68.6%), from €19,560 to €6,149
- Financial income +€4,322
up €4,322 (+1,611%), from €268 to €4,590
- Staff costs +€3,983
new in 2025: €3,983
- Taxes -€2,033
down €2,033 (-48.7%), from €4,172 to €2,140
- Depreciation -€1,831
down €1,831 (-71.6%), from €2,557 to €726
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 | €103,200 | €72,457 | -€30,743 | -29.8% |
| Fixed assets | 21/28 | €9,796 | €5,101 | -€4,696 | -47.9% |
| Tangible fixed assets | 22/27 | €5,796 | €1,101 | -€4,696 | -81.0% |
| Plant, machinery and equipment | 23 | €1,677 | €1,101 | -€576 | -34.3% |
| Furniture and vehicles | 24 | €4,120 | - | -€4,120 | |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €93,403 | €67,356 | -€26,047 | -27.9% |
| Stocks and contracts in progress | 3 | €1,133 | €1,047 | -€86 | -7.6% |
| Stocks | 30/36 | €1,133 | €1,047 | -€86 | -7.6% |
| Amounts receivable within one year | 40/41 | €63,596 | €56,575 | -€7,021 | -11.0% |
| Trade receivables | 40 | €54,692 | €41,417 | -€13,275 | -24.3% |
| Other amounts receivable | 41 | €8,903 | €15,157 | +€6,254 | +70.2% |
| Cash at bank and in hand | 54/58 | €28,143 | €7,833 | -€20,310 | -72.2% |
| Deferred charges and accrued income | 490/1 | €532 | €1,901 | +€1,370 | +257% |
| Total equity and liabilities | 10/49 | €103,200 | €72,457 | -€30,743 | -29.8% |
| Equity | 10/15 | €58,077 | €30,191 | -€27,886 | -48.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,663 | €32,389 | -€26,274 | -44.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,803 | €30,529 | -€26,274 | -46.3% |
| Profit (loss) carried forward | 14 | -€12,986 | -€14,598 | -€1,612 | -12.4% |
| Amounts payable | 17/49 | €45,123 | €42,266 | -€2,857 | -6.3% |
| Amounts payable within one year | 42/48 | €45,123 | €42,266 | -€2,857 | -6.3% |
| Financial debts | 43 | €7,567 | €7,558 | -€9 | -0.1% |
| Credit institutions | 430/8 | €7,567 | €7,558 | -€9 | -0.1% |
| Trade debts | 44 | €30,524 | €11,448 | -€19,077 | -62.5% |
| Suppliers | 440/4 | €30,524 | €6,474 | -€24,050 | -78.8% |
| Bills of exchange payable | 441 | - | €4,974 | +€4,974 | |
| Advances received on contracts in progress | 46 | €1,800 | - | -€1,800 | |
| Taxes, remuneration and social security | 45 | €4,231 | €2,625 | -€1,606 | -38.0% |
| Taxes | 450/3 | €4,231 | €2,625 | -€1,606 | -38.0% |
| Other amounts payable | 47/48 | €1,000 | €20,635 | +€19,635 | +1,963% |
| Non-recurring operating income | 76A | €5,425 | €5,797 | +€371 | +6.8% |
| Remuneration, social security and pensions | 62 | - | €3,983 | +€3,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,557 | €726 | -€1,831 | -71.6% |
| Other operating charges | 640/8 | €981 | €2,123 | +€1,142 | +116% |
| Non-recurring operating charges | 66A | €5,093 | €790 | -€4,304 | -84.5% |
| Gross operating margin | 9900 | €19,560 | €6,149 | -€13,411 | -68.6% |
| Operating profit (loss) | 9901 | €10,928 | -€1,472 | -€12,400 | |
| Financial income | 75/76B | €268 | €4,590 | +€4,322 | +1,611% |
| Recurring financial income | 75 | €268 | €4,590 | +€4,322 | +1,611% |
| Financial charges | 65/66B | €3,018 | €2,591 | -€427 | -14.1% |
| Recurring financial charges | 65 | €3,018 | €2,591 | -€427 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €8,178 | €527 | -€7,651 | -93.6% |
| Income taxes | 67/77 | €4,172 | €2,140 | -€2,033 | -48.7% |
| Profit (loss) for the period | 9904 | €4,006 | -€1,612 | -€5,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,006 | -€1,612 | -€5,619 |
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 23 October 2026 via checked.be.