DVMS Holding: 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.
DVMS Holding
Largest movements
- Financial fixed assets -€262,767
down €262,767 (-82.1%), from €320,000 to €57,233
- Receivables within one year +€160,039
up €160,039 (+77.4%), from €206,726 to €366,765
of which Other amounts receivable: +€160,777
- Deferred charges and accrued income -€57,233
no longer reported in 2025 (was €57,233)
- Tangible fixed assets +€41,860
up €41,860 (+197%), from €21,288 to €63,148
of which Furniture and vehicles: +€37,725
- Cash +€18,700
up €18,700 (+746%), from €2,506 to €21,207
mainly Investment in fixed assets (net) (+€210,706) and Deferred charges and accrued income (+€57,233)
- Short-term financial debts -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Other debts -€74,070
down €74,070 (-20.6%), from €359,737 to €285,667
- Debts after one year +€32,068
new in 2025: €32,068
- Reserves +€21,783
up €21,783 (+103%), from €21,079 to €42,862
- Tax, wage and social debts +€14,018
up €14,018 (+144%), from €9,722 to €23,741
of which Taxes: +€8,618
- Gross operating margin +€19,933
up €19,933 (+151%), from €13,192 to €33,125
- Depreciation +€5,962
up €5,962 (+141%), from €4,239 to €10,202
- Taxes +€5,025
up €5,025 (+131%), from €3,834 to €8,859
- Financial charges -€4,945
down €4,945 (-22.3%), from €22,169 to €17,224
- Financial income +€1,072
up €1,072 (+4.3%), from €24,687 to €25,759
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 | €607,753 | €508,352 | -€99,400 | -16.4% |
| Fixed assets | 21/28 | €341,288 | €120,380 | -€220,907 | -64.7% |
| Tangible fixed assets | 22/27 | €21,288 | €63,148 | +€41,860 | +197% |
| Land and buildings | 22 | €7,686 | €13,181 | +€5,495 | +71.5% |
| Plant, machinery and equipment | 23 | €3,076 | €1,715 | -€1,360 | -44.2% |
| Furniture and vehicles | 24 | €10,527 | €48,252 | +€37,725 | +358% |
| Financial fixed assets | 28 | €320,000 | €57,233 | -€262,767 | -82.1% |
| Current assets | 29/58 | €266,465 | €387,972 | +€121,507 | +45.6% |
| Amounts receivable within one year | 40/41 | €206,726 | €366,765 | +€160,039 | +77.4% |
| Trade receivables | 40 | €7,260 | €6,522 | -€738 | -10.2% |
| Other amounts receivable | 41 | €199,466 | €360,243 | +€160,777 | +80.6% |
| Cash at bank and in hand | 54/58 | €2,506 | €21,207 | +€18,700 | +746% |
| Deferred charges and accrued income | 490/1 | €57,233 | - | -€57,233 | |
| Total equity and liabilities | 10/49 | €607,753 | €508,352 | -€99,400 | -16.4% |
| Equity | 10/15 | €36,079 | €57,862 | +€21,783 | +60.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €21,079 | €42,862 | +€21,783 | +103% |
| Distributable reserves | 133 | €21,079 | €42,862 | +€21,783 | +103% |
| Amounts payable | 17/49 | €571,674 | €450,491 | -€121,183 | -21.2% |
| Amounts payable after more than one year | 17 | - | €32,068 | +€32,068 | |
| Financial debts | 170/4 | - | €32,068 | +€32,068 | |
| Amounts payable within one year | 42/48 | €571,674 | €418,423 | -€153,251 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,272 | +€8,272 | |
| Financial debts | 43 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Credit institutions | 430/8 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Trade debts | 44 | €2,215 | €744 | -€1,471 | -66.4% |
| Suppliers | 440/4 | €2,215 | €744 | -€1,471 | -66.4% |
| Taxes, remuneration and social security | 45 | €9,722 | €23,741 | +€14,018 | +144% |
| Taxes | 450/3 | €9,722 | €18,341 | +€8,618 | +88.6% |
| Remuneration and social security | 454/9 | - | €5,400 | +€5,400 | |
| Other amounts payable | 47/48 | €359,737 | €285,667 | -€74,070 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,239 | €10,202 | +€5,962 | +141% |
| Other operating charges | 640/8 | €387 | €816 | +€429 | +111% |
| Gross operating margin | 9900 | €13,192 | €33,125 | +€19,933 | +151% |
| Operating profit (loss) | 9901 | €8,565 | €22,107 | +€13,542 | +158% |
| Financial income | 75/76B | €24,687 | €25,759 | +€1,072 | +4.3% |
| Recurring financial income | 75 | €24,687 | €25,759 | +€1,072 | +4.3% |
| Financial charges | 65/66B | €22,169 | €17,224 | -€4,945 | -22.3% |
| Recurring financial charges | 65 | €22,169 | €17,224 | -€4,945 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €11,083 | €30,642 | +€19,559 | +176% |
| Income taxes | 67/77 | €3,834 | €8,859 | +€5,025 | +131% |
| Profit (loss) for the period | 9904 | €7,249 | €21,783 | +€14,534 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €7,249 | €21,783 | +€14,534 | +200% |
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 16 October 2026 via checked.be.