DVM Management: 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 Management
Largest movements
- Financial fixed assets +€3.1m
up €3.1m (+357.4%), from €875,581 to €4.0m
- Receivables within one year -€261,120
down €261,120 (-54.1%), from €482,945 to €221,824
of which Other amounts receivable: -€256,918
- Debts after one year +€2.4m
up €2.4m (+413.7%), from €579,455 to €3.0m
- Profit (loss) carried forward +€253,356
up €253,356 (+99.5%), from €254,596 to €507,952
- Revaluation surpluses +€154,550
new in 2025: €154,550
- Current portion of long-term debt +€62,471
up €62,471 (+46.2%), from €135,152 to €197,623
- Advances received +€44,950
new in 2025: €44,950
- Gross operating margin +€213,240
up €213,240 (+221.2%), from €96,418 to €309,658
- Taxes +€67,175
up €67,175 (+317.1%), from €21,183 to €88,359
- Financial income +€50,341
up €50,341 (+529.0%), from €9,516 to €59,857
- Financial charges -€5,753
down €5,753 (-19.2%), from €29,939 to €24,186
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 | €1,365,395 | €4,247,891 | +€2.9m | +211.1% |
| Fixed assets | 21/28 | €880,930 | €4,017,727 | +€3.1m | +356.1% |
| Tangible fixed assets | 22/27 | €5,350 | €13,153 | +€7,804 | +145.9% |
| Furniture and vehicles | 24 | €1,286 | €9,465 | +€8,180 | +636.2% |
| Other tangible fixed assets | 26 | €4,064 | €3,688 | -€376 | -9.3% |
| Financial fixed assets | 28 | €875,581 | €4,004,574 | +€3.1m | +357.4% |
| Current assets | 29/58 | €484,465 | €230,164 | -€254,301 | -52.5% |
| Amounts receivable within one year | 40/41 | €482,945 | €221,824 | -€261,120 | -54.1% |
| Trade receivables | 40 | €6,068 | €1,865 | -€4,203 | -69.3% |
| Other amounts receivable | 41 | €476,876 | €219,959 | -€256,918 | -53.9% |
| Cash at bank and in hand | 54/58 | €1,521 | €7,534 | +€6,013 | +395.4% |
| Deferred charges and accrued income | 490/1 | - | €807 | +€807 | |
| Total equity and liabilities | 10/49 | €1,365,395 | €4,247,891 | +€2.9m | +211.1% |
| Equity | 10/15 | €580,596 | €988,502 | +€407,906 | +70.3% |
| Contributions | 10/11 | €326,000 | €326,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €154,550 | +€154,550 | |
| Profit (loss) carried forward | 14 | €254,596 | €507,952 | +€253,356 | +99.5% |
| Amounts payable | 17/49 | €784,800 | €3,259,389 | +€2.5m | +315.3% |
| Amounts payable after more than one year | 17 | €579,455 | €2,976,603 | +€2.4m | +413.7% |
| Financial debts | 170/4 | €579,455 | €2,976,603 | +€2.4m | +413.7% |
| Amounts payable within one year | 42/48 | €202,469 | €282,787 | +€80,317 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €135,152 | €197,623 | +€62,471 | +46.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,699 | €2,692 | -€4,007 | -59.8% |
| Suppliers | 440/4 | €6,699 | €2,692 | -€4,007 | -59.8% |
| Advances received on contracts in progress | 46 | - | €44,950 | +€44,950 | |
| Taxes, remuneration and social security | 45 | €45,618 | €37,521 | -€8,097 | -17.7% |
| Taxes | 450/3 | €45,618 | €37,521 | -€8,097 | -17.7% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €15,000 | €0 | -€15,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,876 | €0 | -€2,876 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,494 | €2,571 | +€77 | +3.1% |
| Other operating charges | 640/8 | €404 | €1,044 | +€641 | +158.8% |
| Gross operating margin | 9900 | €96,418 | €309,658 | +€213,240 | +221.2% |
| Operating profit (loss) | 9901 | €93,520 | €306,043 | +€212,522 | +227.2% |
| Financial income | 75/76B | €9,516 | €59,857 | +€50,341 | +529.0% |
| Recurring financial income | 75 | €9,516 | €59,857 | +€50,341 | +529.0% |
| Financial charges | 65/66B | €29,939 | €24,186 | -€5,753 | -19.2% |
| Recurring financial charges | 65 | €29,939 | €24,186 | -€5,753 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €73,098 | €341,715 | +€268,617 | +367.5% |
| Income taxes | 67/77 | €21,183 | €88,359 | +€67,175 | +317.1% |
| Profit (loss) for the period | 9904 | €51,914 | €253,356 | +€201,442 | +388.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,914 | €253,356 | +€201,442 | +388.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.