DVM Concept: 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.
DVM Concept
Largest movements
- Tangible fixed assets +€49,852
up €49,852 (+306.3%), from €16,276 to €66,128
of which Leasing and similar rights: +€42,701
- Deferred charges and accrued income -€14,460
down €14,460 (-89.1%), from €16,229 to €1,769
- Receivables within one year +€5,970
up €5,970 (+13.3%), from €44,811 to €50,781
of which Other amounts receivable: +€9,767
- Debts after one year +€24,712
new in 2025: €24,712
- Reserves +€23,704
up €23,704 (+17.9%), from €132,757 to €156,461
of which Distributable reserves: +€23,704
- Trade debts -€9,921
down €9,921 (-44.0%), from €22,534 to €12,613
- Current portion of long-term debt +€9,029
new in 2025: €9,029
- Profit (loss) carried forward -€4,915
down €4,915 (-100.0%), from €4,915 to €0
- Depreciation +€22,881
up €22,881 (+438.0%), from €5,224 to €28,106
- Gross operating margin +€11,290
up €11,290 (+22.8%), from €49,564 to €60,853
- Taxes -€3,865
down €3,865 (-32.9%), from €11,752 to €7,887
- Financial charges +€2,930
up €2,930 (+243.3%), from €1,204 to €4,135
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 | €175,630 | €217,077 | +€41,447 | +23.6% |
| Fixed assets | 21/28 | €16,774 | €66,263 | +€49,489 | +295.0% |
| Tangible fixed assets | 22/27 | €16,276 | €66,128 | +€49,852 | +306.3% |
| Plant, machinery and equipment | 23 | €5,102 | €13,143 | +€8,041 | +157.6% |
| Furniture and vehicles | 24 | €11,174 | €10,284 | -€890 | -8.0% |
| Leasing and similar rights | 25 | - | €42,701 | +€42,701 | |
| Financial fixed assets | 28 | €498 | €135 | -€363 | -72.9% |
| Current assets | 29/58 | €158,856 | €150,814 | -€8,042 | -5.1% |
| Stocks and contracts in progress | 3 | €10,362 | €12,455 | +€2,093 | +20.2% |
| Stocks | 30/36 | €10,362 | €12,455 | +€2,093 | +20.2% |
| Amounts receivable within one year | 40/41 | €44,811 | €50,781 | +€5,970 | +13.3% |
| Trade receivables | 40 | €35,606 | €31,809 | -€3,798 | -10.7% |
| Other amounts receivable | 41 | €9,205 | €18,972 | +€9,767 | +106.1% |
| Cash at bank and in hand | 54/58 | €87,454 | €85,809 | -€1,645 | -1.9% |
| Deferred charges and accrued income | 490/1 | €16,229 | €1,769 | -€14,460 | -89.1% |
| Total equity and liabilities | 10/49 | €175,630 | €217,077 | +€41,447 | +23.6% |
| Equity | 10/15 | €150,072 | €168,861 | +€18,789 | +12.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €132,757 | €156,461 | +€23,704 | +17.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €130,897 | €154,601 | +€23,704 | +18.1% |
| Profit (loss) carried forward | 14 | €4,915 | €0 | -€4,915 | -100.0% |
| Amounts payable | 17/49 | €25,558 | €48,216 | +€22,658 | +88.7% |
| Amounts payable after more than one year | 17 | - | €24,712 | +€24,712 | |
| Financial debts | 170/4 | - | €24,712 | +€24,712 | |
| Amounts payable within one year | 42/48 | €25,558 | €23,504 | -€2,054 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,029 | +€9,029 | |
| Trade debts | 44 | €22,534 | €12,613 | -€9,921 | -44.0% |
| Suppliers | 440/4 | €22,534 | €12,613 | -€9,921 | -44.0% |
| Taxes, remuneration and social security | 45 | €3,024 | €1,863 | -€1,161 | -38.4% |
| Taxes | 450/3 | €1,161 | €0 | -€1,161 | -100.0% |
| Remuneration and social security | 454/9 | €1,863 | €1,863 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €602 | €297 | -€304 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,224 | €28,106 | +€22,881 | +438.0% |
| Other operating charges | 640/8 | €1,692 | €1,993 | +€301 | +17.8% |
| Gross operating margin | 9900 | €49,564 | €60,853 | +€11,290 | +22.8% |
| Operating profit (loss) | 9901 | €42,046 | €30,458 | -€11,588 | -27.6% |
| Financial income | 75/76B | €180 | €353 | +€173 | +96.3% |
| Recurring financial income | 75 | €180 | €353 | +€173 | +96.3% |
| Financial charges | 65/66B | €1,204 | €4,135 | +€2,930 | +243.3% |
| Recurring financial charges | 65 | €1,204 | €4,135 | +€2,930 | +243.3% |
| Profit (loss) for the period before taxes | 9903 | €41,021 | €26,676 | -€14,346 | -35.0% |
| Income taxes | 67/77 | €11,752 | €7,887 | -€3,865 | -32.9% |
| Profit (loss) for the period | 9904 | €29,269 | €18,789 | -€10,480 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,269 | €18,789 | -€10,480 | -35.8% |
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.