DVNR: 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.
DVNR
Largest movements
- Current investments -€155,000
no longer reported in 2025 (was €155,000)
- Cash -€132,999
down €132,999 (-57.5%), from €231,433 to €98,434
mainly Contributions, distributions and other (-€728,470) and Investment in fixed assets (net) (-€75,882)
- Tangible fixed assets +€66,985
up €66,985 (+232.1%), from €28,865 to €95,850
of which Furniture and vehicles: +€67,911
- Receivables within one year -€13,708
no longer reported in 2025 (was €13,708)
of which Other amounts receivable: -€10,414
- Profit (loss) carried forward -€342,402
no longer reported in 2025 (was €342,402)
- Other debts +€110,249
up €110,249 (+241.6%), from €45,638 to €155,887
- Tax, wage and social debts +€7,941
up €7,941 (+48.6%), from €16,337 to €24,278
- Gross operating margin +€51,816
up €51,816 (+10.9%), from €477,319 to €529,135
- Taxes +€21,697
up €21,697 (+17.4%), from €124,805 to €146,502
- Financial income +€15,259
up €15,259 (+2951.1%), from €517 to €15,776
of which Non-recurring financial income: +€13,929
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 | €435,013 | €201,947 | -€233,065 | -53.6% |
| Fixed assets | 21/28 | €28,865 | €95,850 | +€66,985 | +232.1% |
| Tangible fixed assets | 22/27 | €28,865 | €95,850 | +€66,985 | +232.1% |
| Plant, machinery and equipment | 23 | €2,546 | €1,620 | -€926 | -36.4% |
| Furniture and vehicles | 24 | €26,319 | €94,230 | +€67,911 | +258.0% |
| Current assets | 29/58 | €406,148 | €106,097 | -€300,051 | -73.9% |
| Amounts receivable within one year | 40/41 | €13,708 | - | -€13,708 | |
| Trade receivables | 40 | €3,294 | - | -€3,294 | |
| Other amounts receivable | 41 | €10,414 | - | -€10,414 | |
| Current investments | 50/53 | €155,000 | - | -€155,000 | |
| Cash at bank and in hand | 54/58 | €231,433 | €98,434 | -€132,999 | -57.5% |
| Deferred charges and accrued income | 490/1 | €6,007 | €7,663 | +€1,656 | +27.6% |
| Total equity and liabilities | 10/49 | €435,013 | €201,947 | -€233,065 | -53.6% |
| Equity | 10/15 | €361,002 | €18,600 | -€342,402 | -94.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €342,402 | - | -€342,402 | |
| Amounts payable | 17/49 | €74,010 | €183,347 | +€109,337 | +147.7% |
| Amounts payable after more than one year | 17 | €2,166 | - | -€2,166 | |
| Financial debts | 170/4 | €2,166 | - | -€2,166 | |
| Amounts payable within one year | 42/48 | €71,835 | €183,296 | +€111,462 | +155.2% |
| Current portion of amounts payable after more than one year | 42 | €6,973 | €2,706 | -€4,267 | -61.2% |
| Trade debts | 44 | €2,886 | €425 | -€2,461 | -85.3% |
| Suppliers | 440/4 | €2,886 | €425 | -€2,461 | -85.3% |
| Taxes, remuneration and social security | 45 | €16,337 | €24,278 | +€7,941 | +48.6% |
| Taxes | 450/3 | €16,337 | €24,278 | +€7,941 | +48.6% |
| Other amounts payable | 47/48 | €45,638 | €155,887 | +€110,249 | +241.6% |
| Accrued charges and deferred income | 492/3 | €10 | €51 | +€41 | +409.3% |
| Non-recurring operating income | 76A | - | €9,223 | +€9,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,840 | €8,896 | +€56 | +0.6% |
| Other operating charges | 640/8 | €1,519 | €2,430 | +€911 | +60.0% |
| Non-recurring operating charges | 66A | - | €830 | +€830 | |
| Gross operating margin | 9900 | €477,319 | €529,135 | +€51,816 | +10.9% |
| Operating profit (loss) | 9901 | €466,960 | €516,979 | +€50,019 | +10.7% |
| Financial income | 75/76B | €517 | €15,776 | +€15,259 | +2951.1% |
| Recurring financial income | 75 | €517 | €1,847 | +€1,330 | +257.2% |
| Non-recurring financial income | 76B | - | €13,929 | +€13,929 | |
| Financial charges | 65/66B | €270 | €185 | -€84 | -31.2% |
| Recurring financial charges | 65 | €270 | €185 | -€84 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €467,208 | €532,570 | +€65,362 | +14.0% |
| Income taxes | 67/77 | €124,805 | €146,502 | +€21,697 | +17.4% |
| Profit (loss) for the period | 9904 | €342,402 | €386,068 | +€43,665 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €342,402 | €386,068 | +€43,665 | +12.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.