DVNB: 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.
DVNB
Largest movements
- Receivables after one year +€75,504
new in 2025: €75,504
- Receivables within one year -€74,824
down €74,824 (-97.4%), from €76,794 to €1,970
- Deferred charges and accrued income +€32,500
up €32,500 (+240.7%), from €13,500 to €46,000
- Tangible fixed assets -€29,937
down €29,937 (-3.8%), from €793,877 to €763,940
of which Land and buildings: -€28,977
- Cash +€18,393
up €18,393 (+10.3%), from €179,229 to €197,623
mainly Receivables within one year (+€74,824) and Depreciation (+€29,937)
- Profit (loss) carried forward +€25,192
up €25,192 (+11.8%), from €214,231 to €239,423
- Gross operating margin +€6,127
up €6,127 (+9.1%), from €67,478 to €73,605
- Other operating charges +€2,370
up €2,370 (+24.1%), from €9,840 to €12,209
- Taxes +€1,397
up €1,397 (+17.9%), from €7,800 to €9,196
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 | €1,063,400 | €1,085,036 | +€21,636 | +2.0% |
| Fixed assets | 21/28 | €793,877 | €763,940 | -€29,937 | -3.8% |
| Tangible fixed assets | 22/27 | €793,877 | €763,940 | -€29,937 | -3.8% |
| Land and buildings | 22 | €789,733 | €760,756 | -€28,977 | -3.7% |
| Furniture and vehicles | 24 | €4,144 | €3,184 | -€960 | -23.2% |
| Current assets | 29/58 | €269,523 | €321,096 | +€51,573 | +19.1% |
| Amounts receivable after more than one year | 29 | - | €75,504 | +€75,504 | |
| Other amounts receivable | 291 | - | €75,504 | +€75,504 | |
| Amounts receivable within one year | 40/41 | €76,794 | €1,970 | -€74,824 | -97.4% |
| Other amounts receivable | 41 | €76,794 | €1,970 | -€74,824 | -97.4% |
| Cash at bank and in hand | 54/58 | €179,229 | €197,623 | +€18,393 | +10.3% |
| Deferred charges and accrued income | 490/1 | €13,500 | €46,000 | +€32,500 | +240.7% |
| Total equity and liabilities | 10/49 | €1,063,400 | €1,085,036 | +€21,636 | +2.0% |
| Equity | 10/15 | €819,789 | €844,981 | +€25,192 | +3.1% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €5,558 | €5,558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,558 | €5,558 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,558 | €5,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,231 | €239,423 | +€25,192 | +11.8% |
| Amounts payable | 17/49 | €243,612 | €240,055 | -€3,556 | -1.5% |
| Amounts payable within one year | 42/48 | €240,010 | €239,057 | -€953 | -0.4% |
| Trade debts | 44 | €2,752 | €1,800 | -€953 | -34.6% |
| Suppliers | 440/4 | €2,752 | €1,800 | -€953 | -34.6% |
| Taxes, remuneration and social security | 45 | €1,300 | €1,300 | = | 0.0% |
| Taxes | 450/3 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €235,958 | €235,958 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,602 | €998 | -€2,604 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,633 | €29,937 | +€304 | +1.0% |
| Other operating charges | 640/8 | €9,840 | €12,209 | +€2,370 | +24.1% |
| Gross operating margin | 9900 | €67,478 | €73,605 | +€6,127 | +9.1% |
| Operating profit (loss) | 9901 | €28,005 | €31,459 | +€3,453 | +12.3% |
| Financial income | 75/76B | €2,839 | €3,067 | +€228 | +8.0% |
| Recurring financial income | 75 | €2,839 | €3,067 | +€228 | +8.0% |
| Financial charges | 65/66B | €162 | €137 | -€25 | -15.5% |
| Recurring financial charges | 65 | €162 | €137 | -€25 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €30,682 | €34,388 | +€3,707 | +12.1% |
| Income taxes | 67/77 | €7,800 | €9,196 | +€1,397 | +17.9% |
| Profit (loss) for the period | 9904 | €22,882 | €25,192 | +€2,310 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,882 | €25,192 | +€2,310 | +10.1% |
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.