DVG 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.
DVG Management
Largest movements
- Receivables within one year -€54,758
down €54,758 (-68.1%), from €80,393 to €25,634
of which Trade receivables: -€69,784
- Other debts +€52,559
up €52,559 (+1,684%), from €3,121 to €55,680
- Reserves -€44,500
down €44,500 (-14.7%), from €303,568 to €259,068
- Debts after one year -€42,871
down €42,871 (-28.2%), from €152,165 to €109,295
- Tax, wage and social debts -€26,705
down €26,705 (-75.1%), from €35,582 to €8,876
- Gross operating margin -€123,981
down €123,981, from €111,364 to -€12,617
- Financial income +€45,000
up €45,000, from €0 to €45,000
- Taxes -€21,257
down €21,257 (-99.2%), from €21,424 to €166
- Financial charges -€1,129
down €1,129 (-18.3%), from €6,169 to €5,040
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 | €547,488 | €487,163 | -€60,325 | -11.0% |
| Fixed assets | 21/28 | €460,964 | €460,472 | -€493 | -0.1% |
| Tangible fixed assets | 22/27 | €1,964 | €1,472 | -€493 | -25.1% |
| Furniture and vehicles | 24 | €1,964 | €1,472 | -€493 | -25.1% |
| Financial fixed assets | 28 | €459,000 | €459,000 | = | 0.0% |
| Current assets | 29/58 | €86,524 | €26,692 | -€59,832 | -69.2% |
| Amounts receivable within one year | 40/41 | €80,393 | €25,634 | -€54,758 | -68.1% |
| Trade receivables | 40 | €80,375 | €10,591 | -€69,784 | -86.8% |
| Other amounts receivable | 41 | €18 | €15,044 | +€15,026 | +84,557% |
| Cash at bank and in hand | 54/58 | €5,266 | €192 | -€5,074 | -96.4% |
| Deferred charges and accrued income | 490/1 | €865 | €865 | = | 0.0% |
| Total equity and liabilities | 10/49 | €547,488 | €487,163 | -€60,325 | -11.0% |
| Equity | 10/15 | €308,568 | €264,068 | -€44,500 | -14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €303,568 | €259,068 | -€44,500 | -14.7% |
| Distributable reserves | 133 | €303,568 | €259,068 | -€44,500 | -14.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €238,920 | €223,096 | -€15,824 | -6.6% |
| Amounts payable after more than one year | 17 | €152,165 | €109,295 | -€42,871 | -28.2% |
| Financial debts | 170/4 | €152,165 | €109,295 | -€42,871 | -28.2% |
| Amounts payable within one year | 42/48 | €86,755 | €113,801 | +€27,047 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €42,772 | €43,227 | +€455 | +1.1% |
| Financial debts | 43 | €3,875 | €3,829 | -€46 | -1.2% |
| Credit institutions | 430/8 | €3,875 | €3,829 | -€46 | -1.2% |
| Trade debts | 44 | €1,405 | €2,189 | +€784 | +55.8% |
| Suppliers | 440/4 | €1,405 | €2,189 | +€784 | +55.8% |
| Taxes, remuneration and social security | 45 | €35,582 | €8,876 | -€26,705 | -75.1% |
| Taxes | 450/3 | €35,582 | €8,876 | -€26,705 | -75.1% |
| Other amounts payable | 47/48 | €3,121 | €55,680 | +€52,559 | +1,684% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493 | €493 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €596 | +€91 | +18.0% |
| Gross operating margin | 9900 | €111,364 | -€12,617 | -€123,981 | |
| Operating profit (loss) | 9901 | €110,366 | -€13,706 | -€124,072 | |
| Financial income | 75/76B | €0 | €45,000 | +€45,000 | |
| Recurring financial income | 75 | €0 | €45,000 | +€45,000 | |
| Financial charges | 65/66B | €6,169 | €5,040 | -€1,129 | -18.3% |
| Recurring financial charges | 65 | €6,169 | €5,040 | -€1,129 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €104,197 | €26,254 | -€77,942 | -74.8% |
| Income taxes | 67/77 | €21,424 | €166 | -€21,257 | -99.2% |
| Profit (loss) for the period | 9904 | €82,773 | €26,088 | -€56,685 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,773 | €26,088 | -€56,685 | -68.5% |
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 27 October 2026 via checked.be.