DVH: 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.
DVH
Largest movements
- Cash -€83,209
down €83,209 (-18.0%), from €461,990 to €378,782
mainly Other debts (-€177,641) and Trade debts (-€1,012)
- Other debts -€177,641
down €177,641 (-34.1%), from €520,436 to €342,795
- Reserves +€43,953
up €43,953 (+29.8%), from €147,563 to €191,517
of which Distributable reserves: +€40,000
- Accrued charges and deferred income +€24,239
new in 2025: €24,239
- Tax, wage and social debts +€15,640
up €15,640 (+444%), from €3,520 to €19,160
- Gross operating margin +€34,068
up €34,068 (+68.1%), from €50,054 to €84,121
- Financial charges +€25,200
up €25,200 (+4,883%), from €516 to €25,716
- Taxes +€4,481
up €4,481 (+26.1%), from €17,173 to €21,653
- Financial income +€2,224
up €2,224 (+36.5%), from €6,089 to €8,313
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 | €932,683 | €837,862 | -€94,821 | -10.2% |
| Fixed assets | 21/28 | €462,017 | €458,667 | -€3,350 | -0.7% |
| Financial fixed assets | 28 | €462,017 | €458,667 | -€3,350 | -0.7% |
| Current assets | 29/58 | €470,666 | €379,195 | -€91,471 | -19.4% |
| Amounts receivable within one year | 40/41 | €8,676 | €414 | -€8,262 | -95.2% |
| Other amounts receivable | 41 | €8,676 | €414 | -€8,262 | -95.2% |
| Cash at bank and in hand | 54/58 | €461,990 | €378,782 | -€83,209 | -18.0% |
| Total equity and liabilities | 10/49 | €932,683 | €837,862 | -€94,821 | -10.2% |
| Equity | 10/15 | €407,563 | €451,517 | +€43,953 | +10.8% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Capital | 10 | €260,000 | €260,000 | = | 0.0% |
| Issued capital | 100 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €147,563 | €191,517 | +€43,953 | +29.8% |
| Non-distributable reserves | 130/1 | €10,800 | €14,753 | +€3,953 | +36.6% |
| Legal reserve | 130 | €10,800 | €14,753 | +€3,953 | +36.6% |
| Distributable reserves | 133 | €136,763 | €176,763 | +€40,000 | +29.2% |
| Amounts payable | 17/49 | €525,120 | €386,345 | -€138,775 | -26.4% |
| Amounts payable within one year | 42/48 | €525,120 | €362,106 | -€163,013 | -31.0% |
| Trade debts | 44 | €1,164 | €152 | -€1,012 | -86.9% |
| Suppliers | 440/4 | €1,164 | €152 | -€1,012 | -86.9% |
| Taxes, remuneration and social security | 45 | €3,520 | €19,160 | +€15,640 | +444% |
| Taxes | 450/3 | €3,520 | €19,160 | +€15,640 | +444% |
| Other amounts payable | 47/48 | €520,436 | €342,795 | -€177,641 | -34.1% |
| Accrued charges and deferred income | 492/3 | - | €24,239 | +€24,239 | |
| Other operating charges | 640/8 | €1,101 | €1,112 | +€11 | +1.0% |
| Gross operating margin | 9900 | €50,054 | €84,121 | +€34,068 | +68.1% |
| Operating profit (loss) | 9901 | €48,953 | €83,010 | +€34,057 | +69.6% |
| Financial income | 75/76B | €6,089 | €8,313 | +€2,224 | +36.5% |
| Recurring financial income | 75 | €6,089 | €8,313 | +€2,224 | +36.5% |
| Financial charges | 65/66B | €516 | €25,716 | +€25,200 | +4,883% |
| Recurring financial charges | 65 | €516 | €25,716 | +€25,200 | +4,883% |
| Profit (loss) for the period before taxes | 9903 | €54,525 | €65,607 | +€11,081 | +20.3% |
| Income taxes | 67/77 | €17,173 | €21,653 | +€4,481 | +26.1% |
| Profit (loss) for the period | 9904 | €37,353 | €43,953 | +€6,601 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,353 | €43,953 | +€6,601 | +17.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.