DVS ACTIVITIES: 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 ACTIVITIES
Largest movements
- Cash +€56,156
up €56,156 (+144.5%), from €38,870 to €95,027
mainly Receivables within one year (+€36,325) and Net result for the year (+€26,457)
- Receivables within one year -€36,325
down €36,325 (-54.8%), from €66,279 to €29,954
of which Trade receivables: -€22,877
- Tangible fixed assets +€4,232
up €4,232 (+43.5%), from €9,721 to €13,953
of which Plant, machinery and equipment: +€2,181
- Deferred charges and accrued income +€3,118
up €3,118 (+30.8%), from €10,121 to €13,238
- Other debts +€15,000
new in 2025: €15,000
- Profit (loss) carried forward +€11,457
up €11,457 (+13.7%), from €83,425 to €94,882
- Gross operating margin +€27,315
up €27,315 (+228.9%), from €11,935 to €39,250
- Depreciation +€3,703
up €3,703 (+151.1%), from €2,451 to €6,154
- Taxes +€1,783
up €1,783 (+42.7%), from €4,173 to €5,956
- Financial income -€741
no longer reported in 2025 (was €741)
- Other operating charges -€410
down €410 (-50.7%), from €810 to €400
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 | €124,991 | €152,172 | +€27,181 | +21.7% |
| Fixed assets | 21/28 | €9,721 | €13,953 | +€4,232 | +43.5% |
| Tangible fixed assets | 22/27 | €9,721 | €13,953 | +€4,232 | +43.5% |
| Plant, machinery and equipment | 23 | €8,016 | €10,197 | +€2,181 | +27.2% |
| Furniture and vehicles | 24 | €1,705 | €3,756 | +€2,051 | +120.3% |
| Current assets | 29/58 | €115,270 | €138,219 | +€22,949 | +19.9% |
| Amounts receivable within one year | 40/41 | €66,279 | €29,954 | -€36,325 | -54.8% |
| Trade receivables | 40 | €52,831 | €29,954 | -€22,877 | -43.3% |
| Other amounts receivable | 41 | €13,448 | - | -€13,448 | |
| Cash at bank and in hand | 54/58 | €38,870 | €95,027 | +€56,156 | +144.5% |
| Deferred charges and accrued income | 490/1 | €10,121 | €13,238 | +€3,118 | +30.8% |
| Total equity and liabilities | 10/49 | €124,991 | €152,172 | +€27,181 | +21.7% |
| Equity | 10/15 | €103,885 | €115,342 | +€11,457 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,425 | €94,882 | +€11,457 | +13.7% |
| Amounts payable | 17/49 | €21,107 | €36,830 | +€15,724 | +74.5% |
| Amounts payable within one year | 42/48 | €21,107 | €36,830 | +€15,724 | +74.5% |
| Trade debts | 44 | €2,681 | €2,698 | +€18 | +0.7% |
| Suppliers | 440/4 | €2,681 | €2,698 | +€18 | +0.7% |
| Taxes, remuneration and social security | 45 | €18,426 | €19,132 | +€706 | +3.8% |
| Taxes | 450/3 | €18,426 | €19,132 | +€706 | +3.8% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,451 | €6,154 | +€3,703 | +151.1% |
| Other operating charges | 640/8 | €810 | €400 | -€410 | -50.7% |
| Gross operating margin | 9900 | €11,935 | €39,250 | +€27,315 | +228.9% |
| Operating profit (loss) | 9901 | €8,674 | €32,697 | +€24,023 | +277.0% |
| Financial income | 75/76B | €741 | - | -€741 | |
| Recurring financial income | 75 | €741 | - | -€741 | |
| Financial charges | 65/66B | €131 | €284 | +€153 | +117.1% |
| Recurring financial charges | 65 | €131 | €284 | +€153 | +117.1% |
| Profit (loss) for the period before taxes | 9903 | €9,285 | €32,413 | +€23,129 | +249.1% |
| Income taxes | 67/77 | €4,173 | €5,956 | +€1,783 | +42.7% |
| Profit (loss) for the period | 9904 | €5,111 | €26,457 | +€21,346 | +417.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,111 | €26,457 | +€21,346 | +417.6% |
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 2 October 2026 via checked.be.