DVR estate: 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.
DVR estate
Largest movements
- Cash +€20,985
up €20,985 (+93.7%), from €22,404 to €43,388
mainly Net result for the year (+€10,781) and Depreciation (+€6,318)
- Tangible fixed assets -€2,713
down €2,713 (-11.9%), from €22,725 to €20,012
of which Plant, machinery and equipment: -€2,962
- Receivables within one year +€2,084
up €2,084 (+7.1%), from €29,257 to €31,341
of which Other amounts receivable: +€3,894
- Reserves +€7,500
up €7,500 (+403%), from €1,860 to €9,360
of which Distributable reserves: +€7,500
- Trade debts +€3,437
up €3,437 (+92.5%), from €3,715 to €7,152
- Tax, wage and social debts +€3,300
up €3,300 (+102%), from €3,241 to €6,542
- Profit (loss) carried forward +€3,281
up €3,281 (+3.7%), from €89,277 to €92,558
- Accrued charges and deferred income +€1,525
new in 2025: €1,525
- Gross operating margin -€10,162
down €10,162 (-27.9%), from €36,369 to €26,207
- Other operating charges -€1,591
down €1,591 (-57.9%), from €2,750 to €1,159
- Depreciation +€756
up €756 (+13.6%), from €5,562 to €6,318
- Financial income +€654
up €654 (+201%), from €326 to €980
of which Financial income: +€960
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 | €105,625 | €125,004 | +€19,380 | +18.3% |
| Fixed assets | 21/28 | €22,725 | €20,012 | -€2,713 | -11.9% |
| Tangible fixed assets | 22/27 | €22,725 | €20,012 | -€2,713 | -11.9% |
| Plant, machinery and equipment | 23 | €11,068 | €8,106 | -€2,962 | -26.8% |
| Furniture and vehicles | 24 | €2,526 | €4,050 | +€1,524 | +60.3% |
| Other tangible fixed assets | 26 | €9,130 | €7,855 | -€1,275 | -14.0% |
| Current assets | 29/58 | €82,900 | €104,993 | +€22,092 | +26.6% |
| Amounts receivable after more than one year | 29 | €30,750 | €30,000 | -€750 | -2.4% |
| Trade receivables | 290 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | €30,750 | - | -€30,750 | |
| Amounts receivable within one year | 40/41 | €29,257 | €31,341 | +€2,084 | +7.1% |
| Trade receivables | 40 | €16,500 | €14,690 | -€1,810 | -11.0% |
| Other amounts receivable | 41 | €12,757 | €16,651 | +€3,894 | +30.5% |
| Cash at bank and in hand | 54/58 | €22,404 | €43,388 | +€20,985 | +93.7% |
| Deferred charges and accrued income | 490/1 | €490 | €263 | -€227 | -46.3% |
| Total equity and liabilities | 10/49 | €105,625 | €125,004 | +€19,380 | +18.3% |
| Equity | 10/15 | €97,337 | €108,118 | +€10,781 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €9,360 | +€7,500 | +403% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €7,500 | +€7,500 | |
| Profit (loss) carried forward | 14 | €89,277 | €92,558 | +€3,281 | +3.7% |
| Amounts payable | 17/49 | €8,288 | €16,887 | +€8,599 | +104% |
| Amounts payable within one year | 42/48 | €8,288 | €15,361 | +€7,074 | +85.4% |
| Financial debts | 43 | €1,331 | €1,668 | +€336 | +25.3% |
| Credit institutions | 430/8 | €1,331 | €1,668 | +€336 | +25.3% |
| Trade debts | 44 | €3,715 | €7,152 | +€3,437 | +92.5% |
| Suppliers | 440/4 | €3,715 | €7,152 | +€3,437 | +92.5% |
| Taxes, remuneration and social security | 45 | €3,241 | €6,542 | +€3,300 | +102% |
| Taxes | 450/3 | €3,241 | €6,542 | +€3,300 | +102% |
| Accrued charges and deferred income | 492/3 | - | €1,525 | +€1,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,562 | €6,318 | +€756 | +13.6% |
| Other operating charges | 640/8 | €2,750 | €1,159 | -€1,591 | -57.9% |
| Gross operating margin | 9900 | €36,369 | €26,207 | -€10,162 | -27.9% |
| Operating profit (loss) | 9901 | €28,056 | €18,729 | -€9,327 | -33.2% |
| Financial income | 75/76B | €326 | €980 | +€654 | +201% |
| Recurring financial income | 75 | €21 | €980 | +€960 | +4,613% |
| Non-recurring financial income | 76B | €305 | - | -€305 | |
| Financial charges | 65/66B | €1,433 | €1,679 | +€247 | +17.2% |
| Recurring financial charges | 65 | €1,433 | €1,679 | +€247 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €26,950 | €18,030 | -€8,919 | -33.1% |
| Income taxes | 67/77 | €7,109 | €7,250 | +€141 | +2.0% |
| Profit (loss) for the period | 9904 | €19,841 | €10,781 | -€9,060 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,841 | €10,781 | -€9,060 | -45.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.