DVSC: 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.
DVSC
Largest movements
- Tangible fixed assets -€5,534
down €5,534 (-12.2%), from €45,472 to €39,938
of which Land and buildings: -€4,215
- Cash -€4,312
down €4,312 (-23.1%), from €18,672 to €14,360
mainly Other debts (-€14,198) and Debts after one year (-€3,659)
- Receivables within one year +€888
up €888 (+4.5%), from €19,551 to €20,439
of which Other amounts receivable: +€1,689
- Other debts -€14,198
down €14,198 (-95.2%), from €14,915 to €717
- Reserves +€11,322
up €11,322 (+43.3%), from €26,131 to €37,453
- Debts after one year -€3,659
down €3,659 (-62.8%), from €5,828 to €2,169
- Trade debts -€2,164
down €2,164 (-47.6%), from €4,542 to €2,378
- Staff costs -€22,099
no longer reported in 2025 (was €22,099)
- Gross operating margin -€19,547
down €19,547 (-41.4%), from €47,232 to €27,685
- Financial charges +€1,559
up €1,559 (+41.1%), from €3,796 to €5,355
- Financial income +€750
up €750 (+1249183.3%), from €0 to €750
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 | €86,879 | €78,112 | -€8,767 | -10.1% |
| Fixed assets | 21/28 | €45,472 | €39,938 | -€5,534 | -12.2% |
| Tangible fixed assets | 22/27 | €45,472 | €39,938 | -€5,534 | -12.2% |
| Land and buildings | 22 | €29,508 | €25,293 | -€4,215 | -14.3% |
| Furniture and vehicles | 24 | €732 | €1,445 | +€713 | +97.5% |
| Other tangible fixed assets | 26 | €15,232 | €13,200 | -€2,032 | -13.3% |
| Current assets | 29/58 | €41,406 | €38,174 | -€3,233 | -7.8% |
| Amounts receivable within one year | 40/41 | €19,551 | €20,439 | +€888 | +4.5% |
| Trade receivables | 40 | €16,229 | €15,429 | -€800 | -4.9% |
| Other amounts receivable | 41 | €3,321 | €5,010 | +€1,689 | +50.8% |
| Cash at bank and in hand | 54/58 | €18,672 | €14,360 | -€4,312 | -23.1% |
| Deferred charges and accrued income | 490/1 | €3,183 | €3,374 | +€191 | +6.0% |
| Total equity and liabilities | 10/49 | €86,879 | €78,112 | -€8,767 | -10.1% |
| Equity | 10/15 | €44,731 | €56,053 | +€11,322 | +25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,131 | €37,453 | +€11,322 | +43.3% |
| Distributable reserves | 133 | €26,131 | €37,453 | +€11,322 | +43.3% |
| Amounts payable | 17/49 | €42,148 | €22,059 | -€20,089 | -47.7% |
| Amounts payable after more than one year | 17 | €5,828 | €2,169 | -€3,659 | -62.8% |
| Financial debts | 170/4 | €5,828 | €2,169 | -€3,659 | -62.8% |
| Amounts payable within one year | 42/48 | €36,320 | €19,890 | -€16,430 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €3,585 | €3,659 | +€73 | +2.0% |
| Trade debts | 44 | €4,542 | €2,378 | -€2,164 | -47.6% |
| Suppliers | 440/4 | €4,542 | €2,378 | -€2,164 | -47.6% |
| Taxes, remuneration and social security | 45 | €13,277 | €13,136 | -€141 | -1.1% |
| Taxes | 450/3 | €13,277 | €13,136 | -€141 | -1.1% |
| Other amounts payable | 47/48 | €14,915 | €717 | -€14,198 | -95.2% |
| Remuneration, social security and pensions | 62 | €22,099 | - | -€22,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,758 | €6,925 | +€167 | +2.5% |
| Other operating charges | 640/8 | €501 | €120 | -€381 | -76.0% |
| Gross operating margin | 9900 | €47,232 | €27,685 | -€19,547 | -41.4% |
| Operating profit (loss) | 9901 | €17,873 | €20,639 | +€2,766 | +15.5% |
| Financial income | 75/76B | €0 | €750 | +€750 | +1249183.3% |
| Recurring financial income | 75 | €0 | €750 | +€750 | +1249183.3% |
| Financial charges | 65/66B | €3,796 | €5,355 | +€1,559 | +41.1% |
| Recurring financial charges | 65 | €3,796 | €5,355 | +€1,559 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €14,077 | €16,034 | +€1,956 | +13.9% |
| Income taxes | 67/77 | €4,567 | €4,711 | +€145 | +3.2% |
| Profit (loss) for the period | 9904 | €9,511 | €11,322 | +€1,811 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,511 | €11,322 | +€1,811 | +19.0% |
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 1 October 2026 via checked.be.