DVGO: what changed
Two fiscal 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.
DVGO
Largest movements
- Receivables within one year -€1,195
down €1,195 (-39.1%), from €3,057 to €1,862
of which Other amounts receivable: -€1,269
- Tangible fixed assets -€902
down €902 (-7.4%), from €12,211 to €11,310
of which Plant, machinery and equipment: -€499
- Cash +€898
up €898 (+44.8%), from €2,005 to €2,903
mainly Depreciation (+€2,582) and Trade debts (+€1,909)
- Stocks and contracts -€707
down €707 (-28.5%), from €2,486 to €1,779
- Deferred charges and accrued income +€215
up €215 (+330.6%), from €65 to €280
- Other debts -€2,921
down €2,921 (-12.9%), from €22,646 to €19,726
- Trade debts +€1,909
up €1,909 (+64.4%), from €2,965 to €4,874
- Profit (loss) carried forward -€1,676
down €1,676 (-14.0%), from -€11,993 to -€13,669
- Tax, wage and social debts +€998
up €998 (+19333.5%), from €5 to €1,003
of which Remuneration and social security: +€1,000
- Other operating charges +€401
up €401 (+50.9%), from €787 to €1,188
- Depreciation -€131
down €131 (-4.8%), from €2,713 to €2,582
- Financial charges -€113
down €113 (-11.5%), from €980 to €867
- Gross operating margin -€62
down €62 (-2.1%), from €3,022 to €2,960
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.
Cash bridge derived
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 | €19,824 | €18,133 | -€1,691 | -8.5% |
| Fixed assets | 21/28 | €12,211 | €11,310 | -€902 | -7.4% |
| Tangible fixed assets | 22/27 | €12,211 | €11,310 | -€902 | -7.4% |
| Plant, machinery and equipment | 23 | €9,162 | €8,663 | -€499 | -5.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,049 | €2,647 | -€402 | -13.2% |
| Current assets | 29/58 | €7,612 | €6,824 | -€789 | -10.4% |
| Stocks and contracts in progress | 3 | €2,486 | €1,779 | -€707 | -28.5% |
| Stocks | 30/36 | €2,486 | €1,779 | -€707 | -28.5% |
| Amounts receivable within one year | 40/41 | €3,057 | €1,862 | -€1,195 | -39.1% |
| Trade receivables | 40 | €1,706 | €1,781 | +€75 | +4.4% |
| Other amounts receivable | 41 | €1,350 | €81 | -€1,269 | -94.0% |
| Cash at bank and in hand | 54/58 | €2,005 | €2,903 | +€898 | +44.8% |
| Deferred charges and accrued income | 490/1 | €65 | €280 | +€215 | +330.6% |
| Total equity and liabilities | 10/49 | €19,824 | €18,133 | -€1,691 | -8.5% |
| Equity | 10/15 | -€5,793 | -€7,469 | -€1,676 | -28.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€11,993 | -€13,669 | -€1,676 | -14.0% |
| Amounts payable | 17/49 | €25,617 | €25,602 | -€15 | -0.1% |
| Amounts payable within one year | 42/48 | €25,617 | €25,602 | -€15 | -0.1% |
| Trade debts | 44 | €2,965 | €4,874 | +€1,909 | +64.4% |
| Suppliers | 440/4 | €2,965 | €4,874 | +€1,909 | +64.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5 | €1,003 | +€998 | +19333.5% |
| Taxes | 450/3 | €5 | €3 | -€2 | -46.3% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €22,646 | €19,726 | -€2,921 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,713 | €2,582 | -€131 | -4.8% |
| Other operating charges | 640/8 | €787 | €1,188 | +€401 | +50.9% |
| Gross operating margin | 9900 | €3,022 | €2,960 | -€62 | -2.1% |
| Operating profit (loss) | 9901 | -€478 | -€809 | -€331 | -69.3% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.3% |
| Financial charges | 65/66B | €980 | €867 | -€113 | -11.5% |
| Recurring financial charges | 65 | €980 | €867 | -€113 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,455 | -€1,676 | -€221 | -15.2% |
| Profit (loss) for the period | 9904 | -€1,455 | -€1,676 | -€221 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,455 | -€1,676 | -€221 | -15.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.