DVL Company: 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.
DVL Company
Largest movements
- Intangible fixed assets -€16,338
down €16,338 (-27.2%), from €60,059 to €43,721
- Tangible fixed assets -€13,713
down €13,713 (-35.5%), from €38,651 to €24,938
of which Furniture and vehicles: -€10,492
- Stocks and contracts +€9,500
new in 2025: €9,500
- Cash -€3,552
down €3,552 (-80.6%), from €4,408 to €856
mainly Trade debts (-€31,314) and Debts after one year (-€12,710)
- Receivables within one year -€2,690
down €2,690 (-35.7%), from €7,532 to €4,841
of which Trade receivables: -€3,021
- Trade debts -€31,314
down €31,314 (-64.4%), from €48,656 to €17,342
- Tax, wage and social debts +€19,467
up €19,467 (+2,780%), from €700 to €20,167
of which Remuneration and social security: +€18,325
- Debts after one year -€12,710
down €12,710 (-17.5%), from €72,684 to €59,974
of which Financial debts: -€12,710
- Other debts -€9,007
down €9,007 (-20.4%), from €44,084 to €35,077
- Advances received +€4,642
new in 2025: €4,642
- Gross operating margin +€20,604
up €20,604 (+121%), from €16,983 to €37,587
- Staff costs -€2,270
no longer reported in 2025 (was €2,270)
- Depreciation +€1,130
up €1,130 (+7.1%), from €15,896 to €17,026
- Other operating charges -€946
down €946 (-35.5%), from €2,669 to €1,723
- Financial charges +€429
up €429 (+2.4%), from €17,611 to €18,039
of which Non-recurring financial charges: +€1,238
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 | €111,204 | €83,857 | -€27,348 | -24.6% |
| Fixed assets | 21/28 | €99,265 | €68,660 | -€30,605 | -30.8% |
| Intangible fixed assets | 21 | €60,059 | €43,721 | -€16,338 | -27.2% |
| Tangible fixed assets | 22/27 | €38,651 | €24,938 | -€13,713 | -35.5% |
| Land and buildings | 22 | €1,428 | - | -€1,428 | |
| Plant, machinery and equipment | 23 | €2,553 | €759 | -€1,793 | -70.2% |
| Furniture and vehicles | 24 | €34,671 | €24,179 | -€10,492 | -30.3% |
| Financial fixed assets | 28 | €555 | - | -€555 | |
| Current assets | 29/58 | €11,939 | €15,197 | +€3,258 | +27.3% |
| Stocks and contracts in progress | 3 | - | €9,500 | +€9,500 | |
| Stocks | 30/36 | - | €9,500 | +€9,500 | |
| Amounts receivable within one year | 40/41 | €7,532 | €4,841 | -€2,690 | -35.7% |
| Trade receivables | 40 | €5,773 | €2,752 | -€3,021 | -52.3% |
| Other amounts receivable | 41 | €1,759 | €2,089 | +€330 | +18.8% |
| Cash at bank and in hand | 54/58 | €4,408 | €856 | -€3,552 | -80.6% |
| Total equity and liabilities | 10/49 | €111,204 | €83,857 | -€27,348 | -24.6% |
| Equity | 10/15 | -€66,987 | -€66,056 | +€932 | +1.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,987 | -€71,056 | +€932 | +1.3% |
| Amounts payable | 17/49 | €178,192 | €149,912 | -€28,279 | -15.9% |
| Amounts payable after more than one year | 17 | €72,684 | €59,974 | -€12,710 | -17.5% |
| Financial debts | 170/4 | €22,684 | €9,974 | -€12,710 | -56.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,508 | €89,938 | -€15,570 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €12,067 | €12,710 | +€643 | +5.3% |
| Trade debts | 44 | €48,656 | €17,342 | -€31,314 | -64.4% |
| Suppliers | 440/4 | €48,656 | €17,342 | -€31,314 | -64.4% |
| Advances received on contracts in progress | 46 | - | €4,642 | +€4,642 | |
| Taxes, remuneration and social security | 45 | €700 | €20,167 | +€19,467 | +2,780% |
| Taxes | 450/3 | €700 | €1,842 | +€1,142 | +163% |
| Remuneration and social security | 454/9 | - | €18,325 | +€18,325 | |
| Other amounts payable | 47/48 | €44,084 | €35,077 | -€9,007 | -20.4% |
| Remuneration, social security and pensions | 62 | €2,270 | - | -€2,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,896 | €17,026 | +€1,130 | +7.1% |
| Other operating charges | 640/8 | €2,669 | €1,723 | -€946 | -35.5% |
| Gross operating margin | 9900 | €16,983 | €37,587 | +€20,604 | +121% |
| Operating profit (loss) | 9901 | -€3,852 | €18,839 | +€22,691 | |
| Financial income | 75/76B | €216 | €132 | -€85 | -39.1% |
| Recurring financial income | 75 | €216 | €132 | -€85 | -39.1% |
| Financial charges | 65/66B | €17,611 | €18,039 | +€429 | +2.4% |
| Recurring financial charges | 65 | €2,659 | €1,850 | -€809 | -30.4% |
| Non-recurring financial charges | 66B | €14,951 | €16,189 | +€1,238 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,246 | €932 | +€22,177 | |
| Profit (loss) for the period | 9904 | -€21,246 | €932 | +€22,177 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,246 | €932 | +€22,177 |
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 31 October 2026 via checked.be.