DVG INVEST: what changed
DVG INVEST
Largest movements
- Receivables within one year -€120,356
down €120,356 (-38.8%), from €309,945 to €189,589
- Stocks and contracts -€59,918
down €59,918 (-50.0%), from €119,837 to €59,919
- Other debts -€165,000
down €165,000 (-60.1%), from €274,409 to €109,409
- Current portion of long-term debt -€32,824
down €32,824 (-100%), from €32,824 to €0
- Reserves +€17,568
up €17,568 (+14.5%), from €120,836 to €138,404
- Gross operating margin -€176,335
down €176,335 (-87.7%), from €201,159 to €24,824
- Taxes -€34,423
down €34,423 (-85.5%), from €40,279 to €5,856
- Financial charges -€14,902
down €14,902 (-94.6%), from €15,759 to €857
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €430,620 | €249,941 | -€180,680 | -42.0% |
| Current assets | 29/58 | €430,620 | €249,941 | -€180,680 | -42.0% |
| Stocks and contracts in progress | 3 | €119,837 | €59,919 | -€59,918 | -50.0% |
| Stocks | 30/36 | €119,837 | €59,919 | -€59,918 | -50.0% |
| Amounts receivable within one year | 40/41 | €309,945 | €189,589 | -€120,356 | -38.8% |
| Other amounts receivable | 41 | €309,945 | €189,589 | -€120,356 | -38.8% |
| Cash at bank and in hand | 54/58 | €838 | €433 | -€405 | -48.4% |
| Total equity and liabilities | 10/49 | €430,620 | €249,941 | -€180,680 | -42.0% |
| Equity | 10/15 | €122,836 | €140,404 | +€17,568 | +14.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €120,836 | €138,404 | +€17,568 | +14.5% |
| Distributable reserves | 133 | €120,836 | €138,404 | +€17,568 | +14.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €307,784 | €109,537 | -€198,247 | -64.4% |
| Amounts payable within one year | 42/48 | €307,784 | €109,537 | -€198,247 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €32,824 | €0 | -€32,824 | -100% |
| Trade debts | 44 | €273 | €128 | -€145 | -53.0% |
| Suppliers | 440/4 | €273 | €128 | -€145 | -53.0% |
| Taxes, remuneration and social security | 45 | €279 | €0 | -€279 | -100% |
| Taxes | 450/3 | €279 | €0 | -€279 | -100% |
| Other amounts payable | 47/48 | €274,409 | €109,409 | -€165,000 | -60.1% |
| Other operating charges | 640/8 | €678 | €544 | -€134 | -19.8% |
| Gross operating margin | 9900 | €201,159 | €24,824 | -€176,335 | -87.7% |
| Operating profit (loss) | 9901 | €200,481 | €24,280 | -€176,201 | -87.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €15,759 | €857 | -€14,902 | -94.6% |
| Recurring financial charges | 65 | €15,759 | €857 | -€14,902 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €184,722 | €23,424 | -€161,299 | -87.3% |
| Income taxes | 67/77 | €40,279 | €5,856 | -€34,423 | -85.5% |
| Profit (loss) for the period | 9904 | €144,444 | €17,568 | -€126,876 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €144,444 | €17,568 | -€126,876 | -87.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.