DVS: 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.
DVS
Largest movements
- Receivables within one year +€124,906
up €124,906 (+181%), from €68,835 to €193,740
of which Other amounts receivable: +€142,019
- Financial fixed assets -€35,225
down €35,225 (-35.2%), from €100,000 to €64,775
- Profit (loss) carried forward +€66,354
up €66,354 (+25.7%), from €258,574 to €324,927
- Trade debts +€30,288
up €30,288 (+1,726%), from €1,755 to €32,044
- Debts after one year -€12,981
down €12,981 (-29.5%), from €44,044 to €31,063
- Short-term financial debts +€10,476
up €10,476 (+91.6%), from €11,437 to €21,913
- Tax, wage and social debts -€6,711
down €6,711 (-35.0%), from €19,173 to €12,462
- Gross operating margin -€55,891
down €55,891 (-39.2%), from €142,410 to €86,519
- Taxes -€14,593
down €14,593 (-38.9%), from €37,507 to €22,914
- Financial income +€8,749
up €8,749 (+204%), from €4,290 to €13,039
- Financial charges +€2,790
up €2,790 (+128%), from €2,179 to €4,969
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 | €391,398 | €479,996 | +€88,598 | +22.6% |
| Fixed assets | 21/28 | €112,597 | €78,439 | -€34,158 | -30.3% |
| Tangible fixed assets | 22/27 | €12,597 | €13,664 | +€1,067 | +8.5% |
| Land and buildings | 22 | €6,546 | €5,527 | -€1,019 | -15.6% |
| Furniture and vehicles | 24 | €6,051 | €8,137 | +€2,086 | +34.5% |
| Financial fixed assets | 28 | €100,000 | €64,775 | -€35,225 | -35.2% |
| Current assets | 29/58 | €278,801 | €401,557 | +€122,757 | +44.0% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,835 | €193,740 | +€124,906 | +181% |
| Trade receivables | 40 | €51,624 | €34,511 | -€17,114 | -33.2% |
| Other amounts receivable | 41 | €17,211 | €159,230 | +€142,019 | +825% |
| Cash at bank and in hand | 54/58 | €59,966 | €55,820 | -€4,146 | -6.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,997 | +€1,997 | |
| Total equity and liabilities | 10/49 | €391,398 | €479,996 | +€88,598 | +22.6% |
| Equity | 10/15 | €301,619 | €367,973 | +€66,354 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,445 | €24,445 | = | 0.0% |
| Distributable reserves | 133 | €24,445 | €24,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,574 | €324,927 | +€66,354 | +25.7% |
| Amounts payable | 17/49 | €89,779 | €112,023 | +€22,245 | +24.8% |
| Amounts payable after more than one year | 17 | €44,044 | €31,063 | -€12,981 | -29.5% |
| Financial debts | 170/4 | €44,044 | €31,063 | -€12,981 | -29.5% |
| Amounts payable within one year | 42/48 | €45,735 | €80,961 | +€35,226 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €12,787 | €12,981 | +€195 | +1.5% |
| Financial debts | 43 | €11,437 | €21,913 | +€10,476 | +91.6% |
| Credit institutions | 430/8 | €11,437 | €21,913 | +€10,476 | +91.6% |
| Trade debts | 44 | €1,755 | €32,044 | +€30,288 | +1,726% |
| Suppliers | 440/4 | €1,755 | €32,044 | +€30,288 | +1,726% |
| Advances received on contracts in progress | 46 | - | €728 | +€728 | |
| Taxes, remuneration and social security | 45 | €19,173 | €12,462 | -€6,711 | -35.0% |
| Taxes | 450/3 | €19,173 | €12,462 | -€6,711 | -35.0% |
| Other amounts payable | 47/48 | €583 | €833 | +€250 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,359 | €3,237 | +€878 | +37.2% |
| Other operating charges | 640/8 | €1,579 | €1,251 | -€329 | -20.8% |
| Gross operating margin | 9900 | €142,410 | €86,519 | -€55,891 | -39.2% |
| Operating profit (loss) | 9901 | €138,471 | €82,031 | -€56,440 | -40.8% |
| Financial income | 75/76B | €4,290 | €13,039 | +€8,749 | +204% |
| Recurring financial income | 75 | €4,290 | €13,039 | +€8,749 | +204% |
| Financial charges | 65/66B | €2,179 | €4,969 | +€2,790 | +128% |
| Recurring financial charges | 65 | €2,179 | €4,969 | +€2,790 | +128% |
| Profit (loss) for the period before taxes | 9903 | €140,582 | €90,101 | -€50,482 | -35.9% |
| Income taxes | 67/77 | €37,507 | €22,914 | -€14,593 | -38.9% |
| Profit (loss) for the period | 9904 | €103,075 | €67,187 | -€35,889 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,075 | €67,187 | -€35,889 | -34.8% |
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 22 October 2026 via checked.be.