DVLVP: 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.
DVLVP
Largest movements
- Cash +€61,532
up €61,532 (+50.0%), from €123,185 to €184,717
mainly Net result for the year (+€37,587) and Tax, wage and social debts (+€10,983)
- Tangible fixed assets -€4,294
down €4,294 (-9.0%), from €47,892 to €43,597
of which Plant, machinery and equipment: -€3,969
- Reserves +€37,587
up €37,587 (+46.5%), from €80,824 to €118,411
- Tax, wage and social debts +€10,983
up €10,983 (+20.4%), from €53,862 to €64,845
of which Remuneration and social security: +€12,049
- Trade debts +€7,815
up €7,815 (+46.8%), from €16,699 to €24,514
- Gross operating margin -€14,625
down €14,625 (-18.0%), from €81,363 to €66,738
- Taxes -€2,524
down €2,524 (-18.5%), from €13,605 to €11,082
- Depreciation +€1,613
up €1,613 (+28.3%), from €5,706 to €7,320
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 | €202,927 | €259,483 | +€56,555 | +27.9% |
| Fixed assets | 21/28 | €66,911 | €61,217 | -€5,694 | -8.5% |
| Intangible fixed assets | 21 | €11,188 | €9,788 | -€1,400 | -12.5% |
| Tangible fixed assets | 22/27 | €47,892 | €43,597 | -€4,294 | -9.0% |
| Plant, machinery and equipment | 23 | €45,140 | €41,171 | -€3,969 | -8.8% |
| Furniture and vehicles | 24 | €2,751 | €2,426 | -€325 | -11.8% |
| Financial fixed assets | 28 | €7,831 | €7,831 | = | 0.0% |
| Current assets | 29/58 | €136,016 | €198,266 | +€62,250 | +45.8% |
| Stocks and contracts in progress | 3 | €6,650 | €6,028 | -€621 | -9.3% |
| Stocks | 30/36 | €6,650 | €6,028 | -€621 | -9.3% |
| Amounts receivable within one year | 40/41 | €1,572 | €3,999 | +€2,428 | +154% |
| Trade receivables | 40 | €598 | €3,459 | +€2,861 | +478% |
| Other amounts receivable | 41 | €974 | €541 | -€433 | -44.5% |
| Cash at bank and in hand | 54/58 | €123,185 | €184,717 | +€61,532 | +50.0% |
| Deferred charges and accrued income | 490/1 | €4,610 | €3,521 | -€1,089 | -23.6% |
| Total equity and liabilities | 10/49 | €202,927 | €259,483 | +€56,555 | +27.9% |
| Equity | 10/15 | €105,824 | €143,411 | +€37,587 | +35.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €80,824 | €118,411 | +€37,587 | +46.5% |
| Distributable reserves | 133 | €80,824 | €118,411 | +€37,587 | +46.5% |
| Amounts payable | 17/49 | €97,103 | €116,072 | +€18,969 | +19.5% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,037 | €93,111 | +€19,074 | +25.8% |
| Trade debts | 44 | €16,699 | €24,514 | +€7,815 | +46.8% |
| Suppliers | 440/4 | €16,699 | €24,514 | +€7,815 | +46.8% |
| Taxes, remuneration and social security | 45 | €53,862 | €64,845 | +€10,983 | +20.4% |
| Taxes | 450/3 | €34,662 | €33,597 | -€1,065 | -3.1% |
| Remuneration and social security | 454/9 | €19,200 | €31,249 | +€12,049 | +62.8% |
| Other amounts payable | 47/48 | €3,475 | €3,752 | +€277 | +8.0% |
| Accrued charges and deferred income | 492/3 | €3,066 | €2,961 | -€105 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,706 | €7,320 | +€1,613 | +28.3% |
| Other operating charges | 640/8 | €5,459 | €5,945 | +€486 | +8.9% |
| Gross operating margin | 9900 | €81,363 | €66,738 | -€14,625 | -18.0% |
| Operating profit (loss) | 9901 | €70,197 | €53,473 | -€16,724 | -23.8% |
| Financial income | 75/76B | €212 | €41 | -€172 | -80.8% |
| Recurring financial income | 75 | €212 | €41 | -€172 | -80.8% |
| Financial charges | 65/66B | €4,708 | €4,846 | +€137 | +2.9% |
| Recurring financial charges | 65 | €4,708 | €4,846 | +€137 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €65,701 | €48,668 | -€17,033 | -25.9% |
| Income taxes | 67/77 | €13,605 | €11,082 | -€2,524 | -18.5% |
| Profit (loss) for the period | 9904 | €52,096 | €37,587 | -€14,509 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,096 | €37,587 | -€14,509 | -27.9% |
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 21 October 2026 via checked.be.