DVL Trading: 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 Trading
Largest movements
- Tangible fixed assets +€34,382
up €34,382 (+12.7%), from €271,013 to €305,394
of which Leasing and similar rights: +€45,463
- Receivables within one year +€32,878
up €32,878 (+38.9%), from €84,522 to €117,400
of which Other amounts receivable: +€28,754
- Intangible fixed assets -€30,743
down €30,743 (-11.6%), from €264,683 to €233,940
- Cash -€10,730
down €10,730 (-58.8%), from €18,259 to €7,529
mainly Contributions, distributions and other (-€158,680) and Investment in fixed assets (net) (-€62,093)
- Deferred charges and accrued income +€8,185
up €8,185 (+125%), from €6,540 to €14,725
- Other debts +€158,680
up €158,680, from €0 to €158,680
- Reserves -€100,427
down €100,427 (-53.6%), from €187,210 to €86,783
- Debts after one year -€38,052
down €38,052 (-8.7%), from €435,200 to €397,148
- Tax, wage and social debts +€16,431
up €16,431 (+30.6%), from €53,636 to €70,068
- Gross operating margin +€30,125
up €30,125 (+23.0%), from €130,815 to €160,940
- Financial income +€7,695
up €7,695 (+176%), from €4,382 to €12,077
- Taxes +€4,839
up €4,839 (+14.4%), from €33,526 to €38,365
- Other operating charges +€4,437
up €4,437 (+80.8%), from €5,488 to €9,925
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 | €755,196 | €788,988 | +€33,793 | +4.5% |
| Fixed assets | 21/28 | €535,875 | €539,335 | +€3,459 | +0.6% |
| Intangible fixed assets | 21 | €264,683 | €233,940 | -€30,743 | -11.6% |
| Tangible fixed assets | 22/27 | €271,013 | €305,394 | +€34,382 | +12.7% |
| Land and buildings | 22 | €265,255 | €255,889 | -€9,367 | -3.5% |
| Plant, machinery and equipment | 23 | - | €2,351 | +€2,351 | |
| Furniture and vehicles | 24 | €5,757 | €1,692 | -€4,065 | -70.6% |
| Leasing and similar rights | 25 | - | €45,463 | +€45,463 | |
| Financial fixed assets | 28 | €180 | €0 | -€180 | -100% |
| Current assets | 29/58 | €219,320 | €249,654 | +€30,333 | +13.8% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Trade receivables | 290 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,522 | €117,400 | +€32,878 | +38.9% |
| Trade receivables | 40 | €450 | €4,574 | +€4,124 | +916% |
| Other amounts receivable | 41 | €84,072 | €112,826 | +€28,754 | +34.2% |
| Cash at bank and in hand | 54/58 | €18,259 | €7,529 | -€10,730 | -58.8% |
| Deferred charges and accrued income | 490/1 | €6,540 | €14,725 | +€8,185 | +125% |
| Total equity and liabilities | 10/49 | €755,196 | €788,988 | +€33,793 | +4.5% |
| Equity | 10/15 | €193,410 | €92,983 | -€100,427 | -51.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €187,210 | €86,783 | -€100,427 | -53.6% |
| Distributable reserves | 133 | €187,210 | €86,783 | -€100,427 | -53.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €561,786 | €696,006 | +€134,220 | +23.9% |
| Amounts payable after more than one year | 17 | €435,200 | €397,148 | -€38,052 | -8.7% |
| Financial debts | 170/4 | €435,200 | €397,148 | -€38,052 | -8.7% |
| Amounts payable within one year | 42/48 | €126,586 | €298,857 | +€172,271 | +136% |
| Current portion of amounts payable after more than one year | 42 | €71,061 | €67,860 | -€3,201 | -4.5% |
| Trade debts | 44 | €1,889 | €2,250 | +€361 | +19.1% |
| Suppliers | 440/4 | €1,889 | €2,250 | +€361 | +19.1% |
| Taxes, remuneration and social security | 45 | €53,636 | €70,068 | +€16,431 | +30.6% |
| Taxes | 450/3 | €53,636 | €70,068 | +€16,431 | +30.6% |
| Other amounts payable | 47/48 | €0 | €158,680 | +€158,680 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,229 | €58,634 | -€1,595 | -2.6% |
| Other operating charges | 640/8 | €5,488 | €9,925 | +€4,437 | +80.8% |
| Gross operating margin | 9900 | €130,815 | €160,940 | +€30,125 | +23.0% |
| Operating profit (loss) | 9901 | €65,098 | €92,381 | +€27,283 | +41.9% |
| Financial income | 75/76B | €4,382 | €12,077 | +€7,695 | +176% |
| Recurring financial income | 75 | €4,382 | €12,077 | +€7,695 | +176% |
| Financial charges | 65/66B | €7,425 | €7,840 | +€415 | +5.6% |
| Recurring financial charges | 65 | €7,425 | €7,840 | +€415 | +5.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €62,055 | €96,618 | +€34,563 | +55.7% |
| Income taxes | 67/77 | €33,526 | €38,365 | +€4,839 | +14.4% |
| Profit (loss) for the period | 9904 | €28,530 | €58,253 | +€29,723 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €28,530 | €58,253 | +€29,723 | +104% |
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 16 October 2026 via checked.be.