DVHC: 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.
DVHC
Largest movements
- Tangible fixed assets -€23,292
down €23,292 (-70.1%), from €33,209 to €9,916
of which Furniture and vehicles: -€21,579
- Receivables within one year -€13,339
down €13,339 (-14.5%), from €91,874 to €78,535
of which Other amounts receivable: -€29,431
- Other debts -€52,675
no longer reported in 2025 (was €52,675)
- Reserves +€23,034
up €23,034 (+41.9%), from €54,954 to €77,988
- Trade debts +€18,076
up €18,076 (+13,921%), from €130 to €18,206
- Debts after one year -€13,098
no longer reported in 2025 (was €13,098)
- Current portion of long-term debt -€6,793
no longer reported in 2025 (was €6,793)
- Gross operating margin -€14,792
down €14,792 (-26.0%), from €56,954 to €42,162
- Taxes -€3,268
down €3,268 (-26.0%), from €12,557 to €9,288
- Financial charges -€656
down €656 (-17.5%), from €3,757 to €3,101
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 | €149,489 | €113,257 | -€36,232 | -24.2% |
| Fixed assets | 21/28 | €33,209 | €9,916 | -€23,292 | -70.1% |
| Tangible fixed assets | 22/27 | €33,209 | €9,916 | -€23,292 | -70.1% |
| Plant, machinery and equipment | 23 | €9,834 | €8,120 | -€1,714 | -17.4% |
| Furniture and vehicles | 24 | €23,375 | €1,796 | -€21,579 | -92.3% |
| Current assets | 29/58 | €116,280 | €103,341 | -€12,940 | -11.1% |
| Amounts receivable within one year | 40/41 | €91,874 | €78,535 | -€13,339 | -14.5% |
| Trade receivables | 40 | €15,440 | €31,532 | +€16,092 | +104% |
| Other amounts receivable | 41 | €76,433 | €47,003 | -€29,431 | -38.5% |
| Cash at bank and in hand | 54/58 | €24,407 | €24,806 | +€400 | +1.6% |
| Total equity and liabilities | 10/49 | €149,489 | €113,257 | -€36,232 | -24.2% |
| Equity | 10/15 | €57,454 | €80,488 | +€23,034 | +40.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €54,954 | €77,988 | +€23,034 | +41.9% |
| Distributable reserves | 133 | €54,954 | €77,988 | +€23,034 | +41.9% |
| Amounts payable | 17/49 | €92,035 | €32,769 | -€59,266 | -64.4% |
| Amounts payable after more than one year | 17 | €13,098 | - | -€13,098 | |
| Financial debts | 170/4 | €13,098 | - | -€13,098 | |
| Amounts payable within one year | 42/48 | €78,937 | €32,769 | -€46,168 | -58.5% |
| Current portion of amounts payable after more than one year | 42 | €6,793 | - | -€6,793 | |
| Financial debts | 43 | €12,000 | €12,000 | = | 0.0% |
| Other loans | 439 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €130 | €18,206 | +€18,076 | +13,921% |
| Suppliers | 440/4 | €130 | €18,206 | +€18,076 | +13,921% |
| Taxes, remuneration and social security | 45 | €7,339 | €2,563 | -€4,776 | -65.1% |
| Taxes | 450/3 | €7,339 | €2,563 | -€4,776 | -65.1% |
| Other amounts payable | 47/48 | €52,675 | - | -€52,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,218 | €4,420 | +€202 | +4.8% |
| Other operating charges | 640/8 | €1,075 | €585 | -€489 | -45.5% |
| Non-recurring operating charges | 66A | - | €4,733 | +€4,733 | |
| Gross operating margin | 9900 | €56,954 | €42,162 | -€14,792 | -26.0% |
| Operating profit (loss) | 9901 | €51,662 | €32,425 | -€19,237 | -37.2% |
| Financial income | 75/76B | €2,621 | €2,999 | +€378 | +14.4% |
| Recurring financial income | 75 | €2,621 | €2,999 | +€378 | +14.4% |
| Financial charges | 65/66B | €3,757 | €3,101 | -€656 | -17.5% |
| Recurring financial charges | 65 | €3,757 | €3,101 | -€656 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €50,526 | €32,322 | -€18,204 | -36.0% |
| Income taxes | 67/77 | €12,557 | €9,288 | -€3,268 | -26.0% |
| Profit (loss) for the period | 9904 | €37,969 | €23,034 | -€14,935 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,969 | €23,034 | -€14,935 | -39.3% |
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 18 October 2026 via checked.be.