DVS Security: 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 Security
Largest movements
- Cash +€19,472
up €19,472 (+50.3%), from €38,748 to €58,220
mainly Receivables within one year (+€18,734) and Trade debts (+€9,657)
- Receivables within one year -€18,734
down €18,734 (-30.7%), from €61,032 to €42,299
of which Trade receivables: -€15,275
- Stocks and contracts -€4,952
down €4,952 (-11.5%), from €42,892 to €37,940
of which Stocks: -€4,952
- Deferred charges and accrued income +€3,715
new in 2025: €3,715
- Trade debts +€9,657
up €9,657 (+90.9%), from €10,629 to €20,285
- Other debts -€7,815
down €7,815 (-7.3%), from €106,723 to €98,909
- Gross operating margin -€7,087
down €7,087 (-73.1%), from €9,691 to €2,604
- Taxes -€1,177
down €1,177 (-89.4%), from €1,316 to €140
- Depreciation -€1,001
down €1,001 (-40.9%), from €2,449 to €1,448
- Financial charges +€797
up €797 (+201%), from €397 to €1,194
- Other operating charges +€207
up €207 (+36.4%), from €569 to €776
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 | €145,645 | €146,322 | +€677 | +0.5% |
| Fixed assets | 21/28 | €2,972 | €4,148 | +€1,176 | +39.6% |
| Tangible fixed assets | 22/27 | €1,402 | €2,578 | +€1,176 | +83.9% |
| Plant, machinery and equipment | 23 | €1,402 | €0 | -€1,402 | -100% |
| Furniture and vehicles | 24 | - | €2,578 | +€2,578 | |
| Financial fixed assets | 28 | €1,570 | €1,570 | = | 0.0% |
| Current assets | 29/58 | €142,673 | €142,174 | -€499 | -0.3% |
| Stocks and contracts in progress | 3 | €42,892 | €37,940 | -€4,952 | -11.5% |
| Stocks | 30/36 | €23,016 | €18,064 | -€4,952 | -21.5% |
| Contracts in progress | 37 | €19,876 | €19,876 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,032 | €42,299 | -€18,734 | -30.7% |
| Trade receivables | 40 | €46,600 | €31,325 | -€15,275 | -32.8% |
| Other amounts receivable | 41 | €14,432 | €10,973 | -€3,459 | -24.0% |
| Cash at bank and in hand | 54/58 | €38,748 | €58,220 | +€19,472 | +50.3% |
| Deferred charges and accrued income | 490/1 | - | €3,715 | +€3,715 | |
| Total equity and liabilities | 10/49 | €145,645 | €146,322 | +€677 | +0.5% |
| Equity | 10/15 | €27,705 | €26,828 | -€877 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,505 | €20,628 | -€877 | -4.1% |
| Distributable reserves | 133 | €21,505 | €20,628 | -€877 | -4.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €117,940 | €119,494 | +€1,554 | +1.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €117,940 | €119,494 | +€1,554 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €10,629 | €20,285 | +€9,657 | +90.9% |
| Suppliers | 440/4 | €10,629 | €20,285 | +€9,657 | +90.9% |
| Taxes, remuneration and social security | 45 | €588 | €300 | -€288 | -49.0% |
| Taxes | 450/3 | €588 | €300 | -€288 | -49.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €106,723 | €98,909 | -€7,815 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,449 | €1,448 | -€1,001 | -40.9% |
| Other operating charges | 640/8 | €569 | €776 | +€207 | +36.4% |
| Gross operating margin | 9900 | €9,691 | €2,604 | -€7,087 | -73.1% |
| Operating profit (loss) | 9901 | €6,673 | €380 | -€6,293 | -94.3% |
| Financial income | 75/76B | €246 | €77 | -€169 | -68.6% |
| Recurring financial income | 75 | €246 | €77 | -€169 | -68.6% |
| Financial charges | 65/66B | €397 | €1,194 | +€797 | +201% |
| Recurring financial charges | 65 | €397 | €1,194 | +€797 | +201% |
| Profit (loss) for the period before taxes | 9903 | €6,522 | -€737 | -€7,259 | |
| Income taxes | 67/77 | €1,316 | €140 | -€1,177 | -89.4% |
| Profit (loss) for the period | 9904 | €5,205 | -€877 | -€6,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,205 | -€877 | -€6,083 |
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 24 October 2026 via checked.be.