DVLP: 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.
DVLP
Largest movements
- Cash +€43,155
up €43,155 (+18.9%), from €228,336 to €271,491
mainly Other debts (+€128,844) and Net result for the year (+€35,254)
- Receivables within one year -€13,949
down €13,949 (-45.5%), from €30,647 to €16,698
of which Trade receivables: -€13,625
- Other debts +€128,844
up €128,844 (+71.0%), from €181,410 to €310,254
- Reserves -€114,746
down €114,746 (-51.6%), from €222,287 to €107,541
- Tax, wage and social debts +€9,960
up €9,960 (+127.5%), from €7,812 to €17,772
of which Taxes: +€9,945
- Accrued charges and deferred income +€6,476
new in 2025: €6,476
- Gross operating margin -€15,629
down €15,629 (-20.9%), from €74,833 to €59,204
- Financial charges +€9,284
up €9,284 (+9871.4%), from €94 to €9,378
- Taxes -€2,289
down €2,289 (-15.3%), from €14,955 to €12,666
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.
Cash bridge derived
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 | €433,585 | €461,384 | +€27,799 | +6.4% |
| Fixed assets | 21/28 | €9,000 | €7,098 | -€1,902 | -21.1% |
| Tangible fixed assets | 22/27 | €8,400 | €6,498 | -€1,902 | -22.6% |
| Furniture and vehicles | 24 | €8,400 | €6,498 | -€1,902 | -22.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €424,586 | €454,286 | +€29,701 | +7.0% |
| Amounts receivable within one year | 40/41 | €30,647 | €16,698 | -€13,949 | -45.5% |
| Trade receivables | 40 | €30,323 | €16,698 | -€13,625 | -44.9% |
| Other amounts receivable | 41 | €325 | - | -€325 | |
| Current investments | 50/53 | €165,000 | €165,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €228,336 | €271,491 | +€43,155 | +18.9% |
| Deferred charges and accrued income | 490/1 | €602 | €1,097 | +€495 | +82.1% |
| Total equity and liabilities | 10/49 | €433,585 | €461,384 | +€27,799 | +6.4% |
| Equity | 10/15 | €240,887 | €126,141 | -€114,746 | -47.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,287 | €107,541 | -€114,746 | -51.6% |
| Distributable reserves | 133 | €222,287 | €107,541 | -€114,746 | -51.6% |
| Amounts payable | 17/49 | €192,698 | €335,243 | +€142,545 | +74.0% |
| Amounts payable within one year | 42/48 | €192,698 | €328,767 | +€136,069 | +70.6% |
| Trade debts | 44 | €3,476 | €740 | -€2,735 | -78.7% |
| Suppliers | 440/4 | €3,476 | €740 | -€2,735 | -78.7% |
| Taxes, remuneration and social security | 45 | €7,812 | €17,772 | +€9,960 | +127.5% |
| Taxes | 450/3 | €5,168 | €15,112 | +€9,945 | +192.4% |
| Remuneration and social security | 454/9 | €2,645 | €2,660 | +€15 | +0.6% |
| Other amounts payable | 47/48 | €181,410 | €310,254 | +€128,844 | +71.0% |
| Accrued charges and deferred income | 492/3 | - | €6,476 | +€6,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,988 | €1,902 | -€85 | -4.3% |
| Other operating charges | 640/8 | €916 | €939 | +€23 | +2.5% |
| Gross operating margin | 9900 | €74,833 | €59,204 | -€15,629 | -20.9% |
| Operating profit (loss) | 9901 | €71,930 | €56,363 | -€15,567 | -21.6% |
| Financial income | 75/76B | €932 | €936 | +€4 | +0.4% |
| Recurring financial income | 75 | €932 | €936 | +€4 | +0.4% |
| Financial charges | 65/66B | €94 | €9,378 | +€9,284 | +9871.4% |
| Recurring financial charges | 65 | €94 | €9,378 | +€9,284 | +9871.4% |
| Profit (loss) for the period before taxes | 9903 | €72,767 | €47,920 | -€24,847 | -34.1% |
| Income taxes | 67/77 | €14,955 | €12,666 | -€2,289 | -15.3% |
| Profit (loss) for the period | 9904 | €57,812 | €35,254 | -€22,559 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,812 | €35,254 | -€22,559 | -39.0% |
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 10 October 2026 via checked.be.