DVH LOGISTICS: what changed
What changed
DVH LOGISTICS
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€113,487
2024 · €89,408+€24,079
Equity
€370,579
2024 · €377,735-€7,156
Cash
€56,148
2024 · €127,972-€71,824
Balance sheet total
€1.1m
2024 · €1.3m-€258,369
Largest movements
Assets
- Tangible fixed assets -€173,309
down €173,309 (-22.6%), from €767,471 to €594,162
- Cash -€71,824
down €71,824 (-56.1%), from €127,972 to €56,148
mainly Contributions, distributions and other (-€120,644) and Debts after one year (-€99,868)
- Stocks and contracts -€18,676
down €18,676 (-22.3%), from €83,796 to €65,120
Equity and liabilities
- Debts after one year -€99,868
down €99,868 (-34.5%), from €289,582 to €189,714
- Short-term financial debts -€75,000
no longer reported in 2025 (was €75,000)
- Trade debts -€60,325
down €60,325 (-24.0%), from €251,835 to €191,511
- Current portion of long-term debt -€34,714
down €34,714 (-22.0%), from €157,582 to €122,868
Income statement
- Gross operating margin -€194,842
down €194,842 (-14.5%), from €1.3m to €1.2m
- Staff costs -€124,723
down €124,723 (-14.4%), from €863,897 to €739,174
- Depreciation -€78,952
down €78,952 (-26.1%), from €302,044 to €223,092
- Financial charges -€15,931
down €15,931 (-45.6%), from €34,916 to €18,985
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.
Result 2024
€89,408
Gross operating margin
-€194,842
Staff costs
+€124,723
Depreciation
+€78,952
Other operating charges
+€9,659
Financial income
-€3,177
Financial charges
+€15,931
Taxes
-€7,166
Result 2025
€113,487
raises the resultlowers the result
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.
From operations
+€299,184
Investment
-€40,782
Financing
-€330,226
Cash 2024
€127,972
From operations (derived)
+€299,184
Net result for the year
+€113,487
Depreciation
+€223,092
Stocks and contracts
+€18,676
Receivables within one year
-€7,210
Deferred charges and accrued income
-€7,231
Trade debts
-€60,325
Tax, wage and social debts
+€8,694
Other debts
+€10,000
Investment (derived)
-€40,782
Investment in fixed assets (net)
-€40,782
Financing
-€330,226
Debts after one year
-€99,868
Current portion of long-term debt
-€34,714
Short-term financial debts
-€75,000
Contributions, distributions and other
-€120,644
Cash 2025
€56,148
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,310,909 | €1,052,540 | -€258,369 | -19.7% |
| Fixed assets | 21/28 | €792,606 | €610,296 | -€182,309 | -23.0% |
| Intangible fixed assets | 21 | €24,732 | €15,732 | -€9,000 | -36.4% |
| Tangible fixed assets | 22/27 | €767,471 | €594,162 | -€173,309 | -22.6% |
| Plant, machinery and equipment | 23 | €89,935 | €11,303 | -€78,632 | -87.4% |
| Furniture and vehicles | 24 | €535,591 | €468,111 | -€67,481 | -12.6% |
| Leasing and similar rights | 25 | €141,944 | €114,748 | -€27,197 | -19.2% |
| Financial fixed assets | 28 | €403 | €403 | = | 0.0% |
| Current assets | 29/58 | €518,303 | €442,243 | -€76,060 | -14.7% |
| Stocks and contracts in progress | 3 | €83,796 | €65,120 | -€18,676 | -22.3% |
| Stocks | 30/36 | €83,796 | €65,120 | -€18,676 | -22.3% |
| Amounts receivable within one year | 40/41 | €297,132 | €304,341 | +€7,210 | +2.4% |
| Trade receivables | 40 | €279,632 | €304,341 | +€24,710 | +8.8% |
| Other amounts receivable | 41 | €17,500 | - | -€17,500 | |
| Cash at bank and in hand | 54/58 | €127,972 | €56,148 | -€71,824 | -56.1% |
| Deferred charges and accrued income | 490/1 | €9,404 | €16,635 | +€7,231 | +76.9% |
| Total equity and liabilities | 10/49 | €1,310,909 | €1,052,540 | -€258,369 | -19.7% |
| Equity | 10/15 | €377,735 | €370,579 | -€7,156 | -1.9% |
| Contributions | 10/11 | €113,444 | €113,444 | = | 0.0% |
| Reserves | 13 | €263,648 | €257,135 | -€6,513 | -2.5% |
| Tax-exempt reserves | 132 | €41,563 | €41,563 | = | 0.0% |
| Distributable reserves | 133 | €222,085 | €215,572 | -€6,513 | -2.9% |
| Investment grants | 15 | €644 | - | -€644 | |
| Amounts payable | 17/49 | €933,174 | €681,961 | -€251,213 | -26.9% |
| Amounts payable after more than one year | 17 | €289,582 | €189,714 | -€99,868 | -34.5% |
| Financial debts | 170/4 | €289,582 | €189,714 | -€99,868 | -34.5% |
| Amounts payable within one year | 42/48 | €643,591 | €492,246 | -€151,345 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €157,582 | €122,868 | -€34,714 | -22.0% |
| Financial debts | 43 | €75,000 | - | -€75,000 | |
| Credit institutions | 430/8 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €251,835 | €191,511 | -€60,325 | -24.0% |
| Suppliers | 440/4 | €251,835 | €191,511 | -€60,325 | -24.0% |
| Taxes, remuneration and social security | 45 | €89,174 | €97,868 | +€8,694 | +9.7% |
| Taxes | 450/3 | €22,948 | €31,317 | +€8,368 | +36.5% |
| Remuneration and social security | 454/9 | €66,225 | €66,551 | +€325 | +0.5% |
| Other amounts payable | 47/48 | €70,000 | €80,000 | +€10,000 | +14.3% |
| Remuneration, social security and pensions | 62 | €863,897 | €739,174 | -€124,723 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302,044 | €223,092 | -€78,952 | -26.1% |
| Other operating charges | 640/8 | €27,927 | €18,268 | -€9,659 | -34.6% |
| Gross operating margin | 9900 | €1,347,173 | €1,152,331 | -€194,842 | -14.5% |
| Operating profit (loss) | 9901 | €153,305 | €171,797 | +€18,492 | +12.1% |
| Financial income | 75/76B | €4,325 | €1,148 | -€3,177 | -73.5% |
| Recurring financial income | 75 | €4,325 | €1,148 | -€3,177 | -73.5% |
| Financial charges | 65/66B | €34,916 | €18,985 | -€15,931 | -45.6% |
| Recurring financial charges | 65 | €34,916 | €18,985 | -€15,931 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €122,714 | €153,960 | +€31,246 | +25.5% |
| Income taxes | 67/77 | €33,306 | €40,472 | +€7,166 | +21.5% |
| Profit (loss) for the period | 9904 | €89,408 | €113,487 | +€24,079 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,408 | €113,487 | +€24,079 | +26.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.