DVH Projects: 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.
DVH Projects
Largest movements
- Cash +€15,933
up €15,933 (+17.4%), from €91,381 to €107,314
mainly Other debts (+€99,015) and Net result for the year (+€44,276)
- Receivables within one year +€11,161
up €11,161 (+44.5%), from €25,065 to €36,226
of which Trade receivables: +€21,346
- Tangible fixed assets +€8,082
new in 2025: €8,082
- Other debts +€99,015
up €99,015 (+12376.9%), from €800 to €99,815
- Reserves -€96,820
down €96,820 (-100.0%), from €96,820 to €0
- Tax, wage and social debts +€30,626
up €30,626 (+187.5%), from €16,336 to €46,962
of which Taxes: +€25,435
- Trade debts +€2,386
up €2,386 (+487.3%), from €490 to €2,875
- Gross operating margin +€21,973
up €21,973 (+38.7%), from €56,842 to €78,815
- Financial charges -€20,620
down €20,620 (-92.6%), from €22,268 to €1,648
- Staff costs +€19,444
new in 2025: €19,444
- Taxes +€5,265
up €5,265 (+70.1%), from €7,510 to €12,775
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 | €116,446 | €151,653 | +€35,207 | +30.2% |
| Fixed assets | 21/28 | - | €8,082 | +€8,082 | |
| Tangible fixed assets | 22/27 | - | €8,082 | +€8,082 | |
| Furniture and vehicles | 24 | - | €8,082 | +€8,082 | |
| Current assets | 29/58 | €116,446 | €143,571 | +€27,125 | +23.3% |
| Amounts receivable within one year | 40/41 | €25,065 | €36,226 | +€11,161 | +44.5% |
| Trade receivables | 40 | €14,878 | €36,224 | +€21,346 | +143.5% |
| Other amounts receivable | 41 | €10,187 | €2 | -€10,185 | -100.0% |
| Cash at bank and in hand | 54/58 | €91,381 | €107,314 | +€15,933 | +17.4% |
| Deferred charges and accrued income | 490/1 | - | €31 | +€31 | |
| Total equity and liabilities | 10/49 | €116,446 | €151,653 | +€35,207 | +30.2% |
| Equity | 10/15 | €98,820 | €2,000 | -€96,820 | -98.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €96,820 | €0 | -€96,820 | -100.0% |
| Distributable reserves | 133 | €96,820 | €0 | -€96,820 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,626 | €149,653 | +€132,027 | +749.1% |
| Amounts payable within one year | 42/48 | €17,626 | €149,653 | +€132,027 | +749.1% |
| Trade debts | 44 | €490 | €2,875 | +€2,386 | +487.3% |
| Suppliers | 440/4 | €490 | €2,875 | +€2,386 | +487.3% |
| Taxes, remuneration and social security | 45 | €16,336 | €46,962 | +€30,626 | +187.5% |
| Taxes | 450/3 | €16,336 | €41,771 | +€25,435 | +155.7% |
| Remuneration and social security | 454/9 | - | €5,191 | +€5,191 | |
| Other amounts payable | 47/48 | €800 | €99,815 | +€99,015 | +12376.9% |
| Remuneration, social security and pensions | 62 | - | €19,444 | +€19,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €220 | +€220 | |
| Other operating charges | 640/8 | €281 | €451 | +€171 | +60.9% |
| Gross operating margin | 9900 | €56,842 | €78,815 | +€21,973 | +38.7% |
| Operating profit (loss) | 9901 | €56,562 | €58,699 | +€2,137 | +3.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €22,268 | €1,648 | -€20,620 | -92.6% |
| Recurring financial charges | 65 | €22,268 | €1,648 | -€20,620 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €34,294 | €57,051 | +€22,757 | +66.4% |
| Income taxes | 67/77 | €7,510 | €12,775 | +€5,265 | +70.1% |
| Profit (loss) for the period | 9904 | €26,784 | €44,276 | +€17,492 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,784 | €44,276 | +€17,492 | +65.3% |
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.