DVS GROUP: 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 GROUP
Largest movements
- Current investments -€11,527
down €11,527 (-10.3%), from €111,621 to €100,094
- Tax, wage and social debts -€10,661
down €10,661 (-71.1%), from €15,004 to €4,343
- Debts after one year -€10,251
no longer reported in 2025 (was €10,251)
- Current portion of long-term debt -€10,082
down €10,082 (-49.6%), from €20,332 to €10,251
- Gross operating margin +€1,684
up €1,684 (+10.1%), from €16,674 to €18,358
- Depreciation +€854
up €854 (+10.2%), from €8,339 to €9,194
- Taxes -€446
down €446 (-17.0%), from €2,628 to €2,183
- Financial charges -€420
down €420 (-47.5%), from €884 to €464
- Other operating charges -€344
down €344 (-34.4%), from €999 to €655
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 | €785,417 | €760,988 | -€24,429 | -3.1% |
| Fixed assets | 21/28 | €581,321 | €579,675 | -€1,646 | -0.3% |
| Tangible fixed assets | 22/27 | €26,661 | €25,015 | -€1,646 | -6.2% |
| Land and buildings | 22 | €854 | €569 | -€285 | -33.3% |
| Furniture and vehicles | 24 | €25,807 | €24,446 | -€1,361 | -5.3% |
| Financial fixed assets | 28 | €554,660 | €554,660 | = | 0.0% |
| Current assets | 29/58 | €204,096 | €181,312 | -€22,784 | -11.2% |
| Stocks and contracts in progress | 3 | €3,450 | €3,450 | = | 0.0% |
| Stocks | 30/36 | €3,450 | €3,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,277 | €70,032 | -€6,246 | -8.2% |
| Trade receivables | 40 | €64,373 | €66,527 | +€2,154 | +3.3% |
| Other amounts receivable | 41 | €11,904 | €3,504 | -€8,400 | -70.6% |
| Current investments | 50/53 | €111,621 | €100,094 | -€11,527 | -10.3% |
| Cash at bank and in hand | 54/58 | €10,189 | €5,086 | -€5,103 | -50.1% |
| Deferred charges and accrued income | 490/1 | €2,559 | €2,651 | +€92 | +3.6% |
| Total equity and liabilities | 10/49 | €785,417 | €760,988 | -€24,429 | -3.1% |
| Equity | 10/15 | €737,750 | €745,191 | +€7,441 | +1.0% |
| Contributions | 10/11 | €469,000 | €469,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,750 | €276,191 | +€7,441 | +2.8% |
| Amounts payable | 17/49 | €47,667 | €15,797 | -€31,870 | -66.9% |
| Amounts payable after more than one year | 17 | €10,251 | - | -€10,251 | |
| Financial debts | 170/4 | €10,251 | - | -€10,251 | |
| Amounts payable within one year | 42/48 | €37,391 | €15,772 | -€21,619 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €20,332 | €10,251 | -€10,082 | -49.6% |
| Trade debts | 44 | €1,301 | €1,178 | -€123 | -9.5% |
| Suppliers | 440/4 | €1,301 | €1,178 | -€123 | -9.5% |
| Taxes, remuneration and social security | 45 | €15,004 | €4,343 | -€10,661 | -71.1% |
| Taxes | 450/3 | €15,004 | €4,343 | -€10,661 | -71.1% |
| Other amounts payable | 47/48 | €754 | - | -€754 | |
| Accrued charges and deferred income | 492/3 | €25 | €25 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,928 | +€1,928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,339 | €9,194 | +€854 | +10.2% |
| Other operating charges | 640/8 | €999 | €655 | -€344 | -34.4% |
| Gross operating margin | 9900 | €16,674 | €18,358 | +€1,684 | +10.1% |
| Operating profit (loss) | 9901 | €7,336 | €8,510 | +€1,174 | +16.0% |
| Financial income | 75/76B | €1,775 | €1,578 | -€196 | -11.1% |
| Recurring financial income | 75 | €1,775 | €1,578 | -€196 | -11.1% |
| Financial charges | 65/66B | €884 | €464 | -€420 | -47.5% |
| Recurring financial charges | 65 | €884 | €464 | -€420 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €8,226 | €9,623 | +€1,397 | +17.0% |
| Income taxes | 67/77 | €2,628 | €2,183 | -€446 | -17.0% |
| Profit (loss) for the period | 9904 | €5,598 | €7,441 | +€1,843 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,598 | €7,441 | +€1,843 | +32.9% |
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 7 October 2026 via checked.be.