DVN PROJECTS: 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.
DVN PROJECTS
Largest movements
- Cash +€45,392
up €45,392 (+55.4%), from €81,920 to €127,312
mainly Net result for the year (+€34,810) and Receivables within one year (+€11,164)
- Receivables within one year -€11,164
down €11,164 (-16.4%), from €68,264 to €57,099
of which Other amounts receivable: -€11,597
- Tangible fixed assets -€11,097
down €11,097 (-45.0%), from €24,634 to €13,537
of which Furniture and vehicles: -€5,692
- Reserves +€22,000
up €22,000 (+14.4%), from €152,761 to €174,761
- Tax, wage and social debts +€3,181
up €3,181 (+91.1%), from €3,493 to €6,674
- Current portion of long-term debt -€2,025
no longer reported in 2025 (was €2,025)
- Gross operating margin +€11,771
up €11,771 (+24.7%), from €47,653 to €59,423
- Taxes +€4,094
up €4,094 (+37.9%), from €10,795 to €14,889
- Depreciation -€3,928
down €3,928 (-26.1%), from €15,025 to €11,097
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 | €174,818 | €197,949 | +€23,131 | +13.2% |
| Fixed assets | 21/28 | €24,634 | €13,537 | -€11,097 | -45.0% |
| Tangible fixed assets | 22/27 | €24,634 | €13,537 | -€11,097 | -45.0% |
| Plant, machinery and equipment | 23 | €1,848 | €1,017 | -€831 | -45.0% |
| Furniture and vehicles | 24 | €11,991 | €6,300 | -€5,692 | -47.5% |
| Other tangible fixed assets | 26 | €10,794 | €6,220 | -€4,574 | -42.4% |
| Current assets | 29/58 | €150,184 | €184,412 | +€34,228 | +22.8% |
| Amounts receivable within one year | 40/41 | €68,264 | €57,099 | -€11,164 | -16.4% |
| Trade receivables | 40 | €14,737 | €15,170 | +€433 | +2.9% |
| Other amounts receivable | 41 | €53,527 | €41,930 | -€11,597 | -21.7% |
| Cash at bank and in hand | 54/58 | €81,920 | €127,312 | +€45,392 | +55.4% |
| Total equity and liabilities | 10/49 | €174,818 | €197,949 | +€23,131 | +13.2% |
| Equity | 10/15 | €165,569 | €187,879 | +€22,310 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,761 | €174,761 | +€22,000 | +14.4% |
| Distributable reserves | 133 | €152,761 | €174,761 | +€22,000 | +14.4% |
| Profit (loss) carried forward | 14 | €6,608 | €6,918 | +€310 | +4.7% |
| Amounts payable | 17/49 | €9,249 | €10,070 | +€821 | +8.9% |
| Amounts payable within one year | 42/48 | €9,249 | €10,070 | +€821 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €2,025 | - | -€2,025 | |
| Trade debts | 44 | €1,425 | €2,174 | +€749 | +52.5% |
| Suppliers | 440/4 | €1,425 | €2,174 | +€749 | +52.5% |
| Taxes, remuneration and social security | 45 | €3,493 | €6,674 | +€3,181 | +91.1% |
| Taxes | 450/3 | €3,493 | €6,674 | +€3,181 | +91.1% |
| Other amounts payable | 47/48 | €2,306 | €1,221 | -€1,085 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,025 | €11,097 | -€3,928 | -26.1% |
| Other operating charges | 640/8 | €1,899 | €1,969 | +€69 | +3.6% |
| Gross operating margin | 9900 | €47,653 | €59,423 | +€11,771 | +24.7% |
| Operating profit (loss) | 9901 | €30,729 | €46,358 | +€15,629 | +50.9% |
| Financial income | 75/76B | €3,086 | €3,449 | +€363 | +11.8% |
| Recurring financial income | 75 | €3,086 | €3,449 | +€363 | +11.8% |
| Financial charges | 65/66B | €190 | €108 | -€82 | -43.2% |
| Recurring financial charges | 65 | €190 | €108 | -€82 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €33,625 | €49,699 | +€16,074 | +47.8% |
| Income taxes | 67/77 | €10,795 | €14,889 | +€4,094 | +37.9% |
| Profit (loss) for the period | 9904 | €22,830 | €34,810 | +€11,980 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,830 | €34,810 | +€11,980 | +52.5% |
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 14 October 2026 via checked.be.