DVJ: 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.
DVJ
Largest movements
- Receivables within one year +€121,338
up €121,338 (+287.5%), from €42,201 to €163,539
of which Trade receivables: +€113,557
- Stocks and contracts +€91,315
up €91,315 (+24.2%), from €377,524 to €468,839
- Deferred charges and accrued income -€29,306
down €29,306 (-74.1%), from €39,562 to €10,256
- Trade debts +€187,531
up €187,531 (+20.7%), from €906,972 to €1.1m
- Turnover +€12.4m
new in 2025: €12.4m
- Purchases and services +€11.8m
new in 2025: €11.8m
- Gross operating margin +€541,277
up €541,277 (+146.4%), from €369,783 to €911,060
- Staff costs +€426,093
up €426,093 (+111.7%), from €381,474 to €807,567
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,932 | €732,400 | +€187,468 | +34.4% |
| Fixed assets | 21/28 | €3,190 | €4,970 | +€1,780 | +55.8% |
| Financial fixed assets | 28 | €3,190 | €4,970 | +€1,780 | +55.8% |
| Current assets | 29/58 | €541,742 | €727,430 | +€185,688 | +34.3% |
| Stocks and contracts in progress | 3 | €377,524 | €468,839 | +€91,315 | +24.2% |
| Stocks | 30/36 | €377,524 | €468,839 | +€91,315 | +24.2% |
| Amounts receivable within one year | 40/41 | €42,201 | €163,539 | +€121,338 | +287.5% |
| Trade receivables | 40 | €30,480 | €144,037 | +€113,557 | +372.6% |
| Other amounts receivable | 41 | €11,721 | €19,502 | +€7,781 | +66.4% |
| Cash at bank and in hand | 54/58 | €82,455 | €84,796 | +€2,341 | +2.8% |
| Deferred charges and accrued income | 490/1 | €39,562 | €10,256 | -€29,306 | -74.1% |
| Total equity and liabilities | 10/49 | €544,932 | €732,400 | +€187,468 | +34.4% |
| Equity | 10/15 | -€502,321 | -€498,570 | +€3,751 | +0.7% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€529,821 | -€526,070 | +€3,751 | +0.7% |
| Amounts payable | 17/49 | €1,047,253 | €1,230,970 | +€183,717 | +17.5% |
| Amounts payable within one year | 42/48 | €1,047,253 | €1,230,970 | +€183,717 | +17.5% |
| Trade debts | 44 | €906,972 | €1,094,503 | +€187,531 | +20.7% |
| Suppliers | 440/4 | €906,972 | €1,094,503 | +€187,531 | +20.7% |
| Taxes, remuneration and social security | 45 | €140,281 | €136,467 | -€3,814 | -2.7% |
| Taxes | 450/3 | €5,149 | €4,196 | -€953 | -18.5% |
| Remuneration and social security | 454/9 | €135,132 | €132,271 | -€2,861 | -2.1% |
| Turnover | 70 | - | €12,412,907 | +€12.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €11,817,148 | +€11.8m | |
| Remuneration, social security and pensions | 62 | €381,474 | €807,567 | +€426,093 | +111.7% |
| Other operating charges | 640/8 | €5,610 | €93,562 | +€87,952 | +1567.8% |
| Gross operating margin | 9900 | €369,783 | €911,060 | +€541,277 | +146.4% |
| Operating profit (loss) | 9901 | -€17,301 | €9,931 | +€27,232 | |
| Financial income | 75/76B | €19 | €1,980 | +€1,961 | +10321.1% |
| Recurring financial income | 75 | €19 | €1,980 | +€1,961 | +10321.1% |
| Financial charges | 65/66B | €3,958 | €7,785 | +€3,827 | +96.7% |
| Recurring financial charges | 65 | €3,958 | €7,785 | +€3,827 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,240 | €4,126 | +€25,366 | |
| Income taxes | 67/77 | €188 | €375 | +€187 | +99.5% |
| Profit (loss) for the period | 9904 | -€21,428 | €3,751 | +€25,179 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,428 | €3,751 | +€25,179 |
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 5 October 2026 via checked.be.