DVINVEST: 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.
DVINVEST
Largest movements
- Tangible fixed assets +€382,203
up €382,203 (+122%), from €314,445 to €696,648
of which Plant, machinery and equipment: +€386,808
- Receivables within one year -€10,907
down €10,907 (-83.8%), from €13,011 to €2,104
of which Other amounts receivable: -€13,011
- Debts after one year +€374,553
up €374,553 (+680%), from €55,060 to €429,613
- Profit (loss) carried forward -€39,131
down €39,131 (-29.3%), from €133,664 to €94,533
- Other debts +€28,339
up €28,339 (+22.8%), from €124,173 to €152,513
- Current portion of long-term debt +€18,844
new in 2025: €18,844
- Trade debts -€12,368
down €12,368 (-72.8%), from €16,996 to €4,628
- Gross operating margin +€40,639
up €40,639, from -€34,325 to €6,314
- Financial charges +€10,177
up €10,177 (+539%), from €1,887 to €12,063
- Other operating charges -€1,483
down €1,483 (-38.6%), from €3,840 to €2,357
- Depreciation -€948
down €948 (-3.0%), from €31,975 to €31,027
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 | €330,894 | €703,547 | +€372,653 | +113% |
| Fixed assets | 21/28 | €317,020 | €696,723 | +€379,703 | +120% |
| Tangible fixed assets | 22/27 | €314,445 | €696,648 | +€382,203 | +122% |
| Land and buildings | 22 | €186,804 | €182,198 | -€4,606 | -2.5% |
| Plant, machinery and equipment | 23 | €127,642 | €514,450 | +€386,808 | +303% |
| Financial fixed assets | 28 | €2,575 | €75 | -€2,500 | -97.1% |
| Current assets | 29/58 | €13,874 | €6,824 | -€7,050 | -50.8% |
| Amounts receivable within one year | 40/41 | €13,011 | €2,104 | -€10,907 | -83.8% |
| Trade receivables | 40 | - | €2,104 | +€2,104 | |
| Other amounts receivable | 41 | €13,011 | €0 | -€13,011 | -100% |
| Cash at bank and in hand | 54/58 | €582 | €3,991 | +€3,409 | +586% |
| Deferred charges and accrued income | 490/1 | €280 | €729 | +€448 | +160% |
| Total equity and liabilities | 10/49 | €330,894 | €703,547 | +€372,653 | +113% |
| Equity | 10/15 | €134,664 | €95,533 | -€39,131 | -29.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,664 | €94,533 | -€39,131 | -29.3% |
| Amounts payable | 17/49 | €196,230 | €608,014 | +€411,784 | +210% |
| Amounts payable after more than one year | 17 | €55,060 | €429,613 | +€374,553 | +680% |
| Financial debts | 170/4 | €55,060 | €429,613 | +€374,553 | +680% |
| Amounts payable within one year | 42/48 | €141,170 | €177,401 | +€36,231 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | - | €18,844 | +€18,844 | |
| Trade debts | 44 | €16,996 | €4,628 | -€12,368 | -72.8% |
| Suppliers | 440/4 | €16,996 | €4,628 | -€12,368 | -72.8% |
| Taxes, remuneration and social security | 45 | - | €1,416 | +€1,416 | |
| Taxes | 450/3 | - | €1,416 | +€1,416 | |
| Other amounts payable | 47/48 | €124,173 | €152,513 | +€28,339 | +22.8% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,975 | €31,027 | -€948 | -3.0% |
| Other operating charges | 640/8 | €3,840 | €2,357 | -€1,483 | -38.6% |
| Gross operating margin | 9900 | -€34,325 | €6,314 | +€40,639 | |
| Operating profit (loss) | 9901 | -€70,139 | -€27,069 | +€43,070 | +61.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,887 | €12,063 | +€10,177 | +539% |
| Recurring financial charges | 65 | €1,887 | €12,063 | +€10,177 | +539% |
| Profit (loss) for the period before taxes | 9903 | -€72,026 | -€39,131 | +€32,895 | +45.7% |
| Profit (loss) for the period | 9904 | -€72,026 | -€39,131 | +€32,895 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,026 | -€39,131 | +€32,895 | +45.7% |
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.