DVR Trading: 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 Trading
Largest movements
- Stocks and contracts +€84,930
up €84,930 (+19.8%), from €428,000 to €512,930
- Cash +€11,934
up €11,934 (+331%), from €3,609 to €15,544
mainly Tax, wage and social debts (+€29,334) and Other debts (+€24,697)
- Receivables within one year -€9,691
down €9,691 (-24.9%), from €38,884 to €29,193
of which Trade receivables: -€10,095
- Tax, wage and social debts +€29,334
up €29,334 (+12,828%), from €229 to €29,562
- Other debts +€24,697
up €24,697 (+4.9%), from €499,163 to €523,860
- Profit (loss) carried forward +€17,209
up €17,209 (+16.8%), from -€102,258 to -€85,049
- Trade debts +€15,459
up €15,459 (+426%), from €3,625 to €19,083
- Gross operating margin +€97,394
up €97,394, from -€77,244 to €20,150
- Depreciation +€974
up €974 (+67.7%), from €1,438 to €2,411
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 | €479,009 | €565,707 | +€86,698 | +18.1% |
| Fixed assets | 21/28 | €8,048 | €8,040 | -€8 | -0.1% |
| Tangible fixed assets | 22/27 | €8,048 | €8,040 | -€8 | -0.1% |
| Land and buildings | 22 | €4,625 | €3,634 | -€991 | -21.4% |
| Plant, machinery and equipment | 23 | €3,424 | €4,406 | +€983 | +28.7% |
| Current assets | 29/58 | €470,960 | €557,667 | +€86,706 | +18.4% |
| Stocks and contracts in progress | 3 | €428,000 | €512,930 | +€84,930 | +19.8% |
| Stocks | 30/36 | €428,000 | €512,930 | +€84,930 | +19.8% |
| Amounts receivable within one year | 40/41 | €38,884 | €29,193 | -€9,691 | -24.9% |
| Trade receivables | 40 | €34,930 | €24,836 | -€10,095 | -28.9% |
| Other amounts receivable | 41 | €3,954 | €4,358 | +€404 | +10.2% |
| Cash at bank and in hand | 54/58 | €3,609 | €15,544 | +€11,934 | +331% |
| Deferred charges and accrued income | 490/1 | €467 | - | -€467 | |
| Total equity and liabilities | 10/49 | €479,009 | €565,707 | +€86,698 | +18.1% |
| Equity | 10/15 | -€101,258 | -€84,049 | +€17,209 | +17.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,258 | -€85,049 | +€17,209 | +16.8% |
| Amounts payable | 17/49 | €580,267 | €649,756 | +€69,489 | +12.0% |
| Amounts payable after more than one year | 17 | €77,250 | €77,250 | = | 0.0% |
| Financial debts | 170/4 | €77,250 | €77,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €503,017 | €572,506 | +€69,489 | +13.8% |
| Trade debts | 44 | €3,625 | €19,083 | +€15,459 | +426% |
| Suppliers | 440/4 | €3,625 | €19,083 | +€15,459 | +426% |
| Taxes, remuneration and social security | 45 | €229 | €29,562 | +€29,334 | +12,828% |
| Taxes | 450/3 | €229 | €29,562 | +€29,334 | +12,828% |
| Other amounts payable | 47/48 | €499,163 | €523,860 | +€24,697 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,438 | €2,411 | +€974 | +67.7% |
| Other operating charges | 640/8 | €566 | €548 | -€18 | -3.1% |
| Gross operating margin | 9900 | -€77,244 | €20,150 | +€97,394 | |
| Operating profit (loss) | 9901 | -€79,248 | €17,190 | +€96,438 | |
| Financial income | 75/76B | €40 | €23 | -€18 | -44.4% |
| Recurring financial income | 75 | €40 | €23 | -€18 | -44.4% |
| Financial charges | 65/66B | €21 | €3 | -€18 | -84.3% |
| Recurring financial charges | 65 | €21 | €3 | -€18 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | -€79,229 | €17,209 | +€96,438 | |
| Profit (loss) for the period | 9904 | -€79,229 | €17,209 | +€96,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,229 | €17,209 | +€96,438 |
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.