DVMA: 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.
DVMA
Largest movements
- Stocks and contracts +€13,583
up €13,583 (+56.8%), from €23,925 to €37,508
- Cash +€13,443
up €13,443 (+10.4%), from €129,226 to €142,669
mainly Depreciation (+€21,804) and Trade debts (+€17,743)
- Tangible fixed assets -€10,902
down €10,902 (-40.8%), from €26,751 to €15,849
- Trade debts +€17,743
up €17,743 (+39.6%), from €44,851 to €62,594
- Tax, wage and social debts +€2,638
up €2,638 (+30.4%), from €8,668 to €11,306
of which Remuneration and social security: +€4,546
- Debts after one year -€2,051
no longer reported in 2025 (was €2,051)
- Current portion of long-term debt -€2,051
no longer reported in 2025 (was €2,051)
- Staff costs -€2,397
down €2,397 (-2.6%), from €91,523 to €89,126
- Gross operating margin -€2,042
down €2,042 (-1.8%), from €114,821 to €112,779
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 | €183,314 | €198,892 | +€15,578 | +8.5% |
| Fixed assets | 21/28 | €26,763 | €15,861 | -€10,902 | -40.7% |
| Tangible fixed assets | 22/27 | €26,751 | €15,849 | -€10,902 | -40.8% |
| Furniture and vehicles | 24 | €26,751 | €15,849 | -€10,902 | -40.8% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €156,551 | €183,031 | +€26,480 | +16.9% |
| Stocks and contracts in progress | 3 | €23,925 | €37,508 | +€13,583 | +56.8% |
| Stocks | 30/36 | €23,925 | €37,508 | +€13,583 | +56.8% |
| Amounts receivable within one year | 40/41 | €3,400 | €2,854 | -€546 | -16.1% |
| Other amounts receivable | 41 | €3,400 | €2,854 | -€546 | -16.1% |
| Cash at bank and in hand | 54/58 | €129,226 | €142,669 | +€13,443 | +10.4% |
| Total equity and liabilities | 10/49 | €183,314 | €198,892 | +€15,578 | +8.5% |
| Equity | 10/15 | €125,693 | €124,992 | -€701 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,493 | €118,792 | -€701 | -0.6% |
| Amounts payable | 17/49 | €57,621 | €73,900 | +€16,279 | +28.3% |
| Amounts payable after more than one year | 17 | €2,051 | - | -€2,051 | |
| Financial debts | 170/4 | €2,051 | - | -€2,051 | |
| Amounts payable within one year | 42/48 | €55,570 | €73,900 | +€18,330 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €2,051 | - | -€2,051 | |
| Trade debts | 44 | €44,851 | €62,594 | +€17,743 | +39.6% |
| Suppliers | 440/4 | €44,851 | €62,594 | +€17,743 | +39.6% |
| Taxes, remuneration and social security | 45 | €8,668 | €11,306 | +€2,638 | +30.4% |
| Taxes | 450/3 | €4,458 | €2,550 | -€1,908 | -42.8% |
| Remuneration and social security | 454/9 | €4,210 | €8,756 | +€4,546 | +108.0% |
| Remuneration, social security and pensions | 62 | €91,523 | €89,126 | -€2,397 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,804 | €21,804 | = | 0.0% |
| Gross operating margin | 9900 | €114,821 | €112,779 | -€2,042 | -1.8% |
| Operating profit (loss) | 9901 | €1,494 | €1,849 | +€355 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €1,494 | €1,849 | +€355 | +23.8% |
| Income taxes | 67/77 | €2,798 | €2,550 | -€248 | -8.9% |
| Profit (loss) for the period | 9904 | -€1,304 | -€701 | +€603 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,304 | -€701 | +€603 | +46.2% |
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 3 October 2026 via checked.be.