DVOTION: 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.
DVOTION
Largest movements
- Financial fixed assets +€55,450
new in 2025: €55,450
- Cash +€14,003
up €14,003 (+280.4%), from €4,995 to €18,998
mainly Debts after one year (+€43,450) and Net result for the year (+€12,635)
- Receivables within one year +€9,949
up €9,949 (+3487.6%), from €285 to €10,234
of which Trade receivables: +€10,095
- Tangible fixed assets -€3,336
down €3,336 (-23.8%), from €14,009 to €10,672
of which Furniture and vehicles: -€10,720
- Deferred charges and accrued income +€2,846
up €2,846 (+179.6%), from €1,585 to €4,431
- Debts after one year +€43,450
new in 2025: €43,450
- Current portion of long-term debt +€12,000
new in 2025: €12,000
- Trade debts +€11,840
up €11,840 (+2530.8%), from €468 to €12,308
- Tax, wage and social debts +€5,997
up €5,997 (+131.1%), from €4,573 to €10,570
of which Taxes: +€6,065
- Other debts +€3,491
up €3,491 (+95.3%), from €3,664 to €7,155
- Gross operating margin +€9,643
up €9,643 (+85.0%), from €11,341 to €20,984
- Depreciation -€5,560
down €5,560 (-79.1%), from €7,029 to €1,469
- Taxes +€4,980
up €4,980 (+547.2%), from €910 to €5,890
- Other operating charges -€972
down €972 (-52.3%), from €1,859 to €887
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 | €20,873 | €99,785 | +€78,912 | +378.1% |
| Fixed assets | 21/28 | €14,009 | €66,122 | +€52,114 | +372.0% |
| Tangible fixed assets | 22/27 | €14,009 | €10,672 | -€3,336 | -23.8% |
| Plant, machinery and equipment | 23 | €1,258 | €1,571 | +€313 | +24.9% |
| Furniture and vehicles | 24 | €12,750 | €2,031 | -€10,720 | -84.1% |
| Leasing and similar rights | 25 | - | €7,070 | +€7,070 | |
| Financial fixed assets | 28 | - | €55,450 | +€55,450 | |
| Current assets | 29/58 | €6,865 | €33,663 | +€26,799 | +390.4% |
| Amounts receivable within one year | 40/41 | €285 | €10,234 | +€9,949 | +3487.6% |
| Trade receivables | 40 | €140 | €10,234 | +€10,095 | +7229.6% |
| Other amounts receivable | 41 | €146 | - | -€146 | |
| Cash at bank and in hand | 54/58 | €4,995 | €18,998 | +€14,003 | +280.4% |
| Deferred charges and accrued income | 490/1 | €1,585 | €4,431 | +€2,846 | +179.6% |
| Total equity and liabilities | 10/49 | €20,873 | €99,785 | +€78,912 | +378.1% |
| Equity | 10/15 | €12,168 | €14,303 | +€2,135 | +17.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,668 | €12,803 | +€2,135 | +20.0% |
| Amounts payable | 17/49 | €8,705 | €85,482 | +€76,777 | +882.0% |
| Amounts payable after more than one year | 17 | - | €43,450 | +€43,450 | |
| Financial debts | 170/4 | - | €43,450 | +€43,450 | |
| Amounts payable within one year | 42/48 | €8,705 | €42,032 | +€33,327 | +382.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €468 | €12,308 | +€11,840 | +2530.8% |
| Suppliers | 440/4 | €468 | €12,308 | +€11,840 | +2530.8% |
| Taxes, remuneration and social security | 45 | €4,573 | €10,570 | +€5,997 | +131.1% |
| Taxes | 450/3 | €2,168 | €8,234 | +€6,065 | +279.7% |
| Remuneration and social security | 454/9 | €2,404 | €2,336 | -€68 | -2.8% |
| Other amounts payable | 47/48 | €3,664 | €7,155 | +€3,491 | +95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,029 | €1,469 | -€5,560 | -79.1% |
| Other operating charges | 640/8 | €1,859 | €887 | -€972 | -52.3% |
| Gross operating margin | 9900 | €11,341 | €20,984 | +€9,643 | +85.0% |
| Operating profit (loss) | 9901 | €2,453 | €18,628 | +€16,175 | +659.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €266 | €103 | -€163 | -61.1% |
| Recurring financial charges | 65 | €266 | €103 | -€163 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €2,187 | €18,525 | +€16,337 | +747.0% |
| Income taxes | 67/77 | €910 | €5,890 | +€4,980 | +547.2% |
| Profit (loss) for the period | 9904 | €1,277 | €12,635 | +€11,358 | +889.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,277 | €12,635 | +€11,358 | +889.4% |
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 8 October 2026 via checked.be.