DVS: 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.
DVS
Largest movements
- Cash +€22,783
up €22,783 (+112.9%), from €20,173 to €42,956
mainly Net result for the year (+€45,094) and Depreciation (+€20,399)
- Tangible fixed assets -€18,337
down €18,337 (-28.6%), from €64,158 to €45,821
of which Leasing and similar rights: -€10,851
- Stocks and contracts -€7,700
down €7,700 (-8.7%), from €88,300 to €80,600
- Receivables within one year +€4,579
up €4,579 (+16.7%), from €27,352 to €31,930
of which Trade receivables: +€13,868
- Reserves +€40,012
up €40,012 (+24.1%), from €165,940 to €205,951
- Other debts -€15,102
down €15,102 (-65.2%), from €23,158 to €8,056
- Debts after one year -€9,252
down €9,252 (-54.4%), from €16,995 to €7,744
- Trade debts -€8,868
down €8,868 (-41.5%), from €21,352 to €12,483
- Tax, wage and social debts -€4,843
down €4,843 (-34.5%), from €14,022 to €9,179
of which Taxes: -€3,670
- Gross operating margin +€20,119
up €20,119 (+15.8%), from €127,487 to €147,606
- Taxes +€5,401
up €5,401 (+31.2%), from €17,283 to €22,684
- Staff costs +€1,655
up €1,655 (+3.0%), from €56,036 to €57,691
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 | €252,528 | €254,665 | +€2,137 | +0.8% |
| Fixed assets | 21/28 | €64,158 | €45,821 | -€18,337 | -28.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €64,158 | €45,821 | -€18,337 | -28.6% |
| Plant, machinery and equipment | 23 | €16,243 | €13,333 | -€2,909 | -17.9% |
| Furniture and vehicles | 24 | €15,660 | €11,083 | -€4,577 | -29.2% |
| Leasing and similar rights | 25 | €32,255 | €21,404 | -€10,851 | -33.6% |
| Current assets | 29/58 | €188,370 | €208,844 | +€20,474 | +10.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 290 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €88,300 | €80,600 | -€7,700 | -8.7% |
| Stocks | 30/36 | €88,300 | €80,600 | -€7,700 | -8.7% |
| Amounts receivable within one year | 40/41 | €27,352 | €31,930 | +€4,579 | +16.7% |
| Trade receivables | 40 | €14,157 | €28,024 | +€13,868 | +98.0% |
| Other amounts receivable | 41 | €13,195 | €3,906 | -€9,289 | -70.4% |
| Cash at bank and in hand | 54/58 | €20,173 | €42,956 | +€22,783 | +112.9% |
| Deferred charges and accrued income | 490/1 | €2,546 | €3,358 | +€812 | +31.9% |
| Total equity and liabilities | 10/49 | €252,528 | €254,665 | +€2,137 | +0.8% |
| Equity | 10/15 | €167,940 | €207,951 | +€40,012 | +23.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €165,940 | €205,951 | +€40,012 | +24.1% |
| Distributable reserves | 133 | €165,940 | €205,951 | +€40,012 | +24.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,588 | €46,713 | -€37,875 | -44.8% |
| Amounts payable after more than one year | 17 | €16,995 | €7,744 | -€9,252 | -54.4% |
| Financial debts | 170/4 | €16,995 | €7,744 | -€9,252 | -54.4% |
| Amounts payable within one year | 42/48 | €67,593 | €38,970 | -€28,623 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €9,062 | €9,252 | +€190 | +2.1% |
| Trade debts | 44 | €21,352 | €12,483 | -€8,868 | -41.5% |
| Suppliers | 440/4 | €21,352 | €12,483 | -€8,868 | -41.5% |
| Taxes, remuneration and social security | 45 | €14,022 | €9,179 | -€4,843 | -34.5% |
| Taxes | 450/3 | €7,854 | €4,184 | -€3,670 | -46.7% |
| Remuneration and social security | 454/9 | €6,168 | €4,995 | -€1,172 | -19.0% |
| Other amounts payable | 47/48 | €23,158 | €8,056 | -€15,102 | -65.2% |
| Remuneration, social security and pensions | 62 | €56,036 | €57,691 | +€1,655 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,978 | €20,399 | +€1,421 | +7.5% |
| Other operating charges | 640/8 | €1,935 | €2,381 | +€446 | +23.1% |
| Gross operating margin | 9900 | €127,487 | €147,606 | +€20,119 | +15.8% |
| Operating profit (loss) | 9901 | €50,538 | €67,135 | +€16,597 | +32.8% |
| Financial income | 75/76B | €1,622 | €1,533 | -€88 | -5.4% |
| Recurring financial income | 75 | €1,622 | €1,533 | -€88 | -5.4% |
| Financial charges | 65/66B | €1,487 | €891 | -€596 | -40.1% |
| Recurring financial charges | 65 | €1,487 | €891 | -€596 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €50,673 | €67,778 | +€17,105 | +33.8% |
| Income taxes | 67/77 | €17,283 | €22,684 | +€5,401 | +31.2% |
| Profit (loss) for the period | 9904 | €33,390 | €45,094 | +€11,704 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,390 | €45,094 | +€11,704 | +35.1% |
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 6 October 2026 via checked.be.