DVS WERKEN: 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 WERKEN
Largest movements
- Tangible fixed assets -€16,541
down €16,541 (-20.0%), from €82,770 to €66,229
of which Plant, machinery and equipment: -€9,319
- Stocks and contracts +€4,535
new in 2025: €4,535
- Cash +€4,055
up €4,055 (+20.4%), from €19,839 to €23,894
mainly Depreciation (+€15,284) and Trade debts (+€4,438)
- Deferred charges and accrued income -€1,574
down €1,574 (-74.9%), from €2,102 to €528
- Reserves +€24,796
new in 2025: €24,796
- Profit (loss) carried forward -€22,905
no longer reported in 2025 (was €22,905)
- Debts after one year -€10,545
down €10,545 (-18.6%), from €56,780 to €46,234
- Trade debts +€4,438
up €4,438 (+197%), from €2,254 to €6,692
- Tax, wage and social debts -€3,106
down €3,106 (-71.4%), from €4,350 to €1,244
of which Remuneration and social security: -€2,500
- Gross operating margin -€5,906
down €5,906 (-19.6%), from €30,101 to €24,195
- Depreciation +€3,264
up €3,264 (+27.2%), from €12,020 to €15,284
- Taxes -€1,608
down €1,608 (-53.2%), from €3,020 to €1,412
- Other operating charges +€618
up €618 (+31.6%), from €1,955 to €2,573
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 | €106,687 | €96,766 | -€9,921 | -9.3% |
| Fixed assets | 21/28 | €82,770 | €66,229 | -€16,541 | -20.0% |
| Tangible fixed assets | 22/27 | €82,770 | €66,229 | -€16,541 | -20.0% |
| Land and buildings | 22 | €6,119 | €5,931 | -€189 | -3.1% |
| Plant, machinery and equipment | 23 | €32,789 | €23,469 | -€9,319 | -28.4% |
| Furniture and vehicles | 24 | €43,077 | €36,264 | -€6,813 | -15.8% |
| Other tangible fixed assets | 26 | €785 | €565 | -€219 | -28.0% |
| Current assets | 29/58 | €23,917 | €30,537 | +€6,620 | +27.7% |
| Stocks and contracts in progress | 3 | - | €4,535 | +€4,535 | |
| Stocks | 30/36 | - | €4,535 | +€4,535 | |
| Amounts receivable within one year | 40/41 | €1,976 | €1,580 | -€396 | -20.1% |
| Trade receivables | 40 | €1,496 | - | -€1,496 | |
| Other amounts receivable | 41 | €480 | €1,580 | +€1,100 | +229% |
| Cash at bank and in hand | 54/58 | €19,839 | €23,894 | +€4,055 | +20.4% |
| Deferred charges and accrued income | 490/1 | €2,102 | €528 | -€1,574 | -74.9% |
| Total equity and liabilities | 10/49 | €106,687 | €96,766 | -€9,921 | -9.3% |
| Equity | 10/15 | €28,905 | €30,796 | +€1,891 | +6.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €24,796 | +€24,796 | |
| Distributable reserves | 133 | - | €24,796 | +€24,796 | |
| Profit (loss) carried forward | 14 | €22,905 | - | -€22,905 | |
| Amounts payable | 17/49 | €77,782 | €65,969 | -€11,812 | -15.2% |
| Amounts payable after more than one year | 17 | €56,780 | €46,234 | -€10,545 | -18.6% |
| Financial debts | 170/4 | €56,780 | €46,234 | -€10,545 | -18.6% |
| Amounts payable within one year | 42/48 | €21,002 | €19,735 | -€1,267 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €11,133 | €10,545 | -€588 | -5.3% |
| Trade debts | 44 | €2,254 | €6,692 | +€4,438 | +197% |
| Suppliers | 440/4 | €2,254 | €6,692 | +€4,438 | +197% |
| Taxes, remuneration and social security | 45 | €4,350 | €1,244 | -€3,106 | -71.4% |
| Taxes | 450/3 | €1,850 | €1,244 | -€606 | -32.8% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €3,264 | €1,253 | -€2,011 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,020 | €15,284 | +€3,264 | +27.2% |
| Other operating charges | 640/8 | €1,955 | €2,573 | +€618 | +31.6% |
| Gross operating margin | 9900 | €30,101 | €24,195 | -€5,906 | -19.6% |
| Operating profit (loss) | 9901 | €16,126 | €6,337 | -€9,789 | -60.7% |
| Financial income | 75/76B | €17 | €33 | +€15 | +87.3% |
| Recurring financial income | 75 | €17 | €33 | +€15 | +87.3% |
| Financial charges | 65/66B | €3,297 | €3,067 | -€230 | -7.0% |
| Recurring financial charges | 65 | €3,297 | €3,067 | -€230 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €12,846 | €3,303 | -€9,543 | -74.3% |
| Income taxes | 67/77 | €3,020 | €1,412 | -€1,608 | -53.2% |
| Profit (loss) for the period | 9904 | €9,826 | €1,891 | -€7,935 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,826 | €1,891 | -€7,935 | -80.8% |
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 14 October 2026 via checked.be.