DVSD: 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.
DVSD
Largest movements
- Receivables after one year -€18,000
down €18,000 (-72.0%), from €25,000 to €7,000
- Receivables within one year +€4,666
new in 2025: €4,666
- Cash -€1,032
down €1,032 (-10.0%), from €10,295 to €9,263
mainly Debts after one year (-€8,093) and Other debts (-€4,801)
- Debts after one year -€8,093
down €8,093 (-15.2%), from €53,373 to €45,280
- Other debts -€4,801
no longer reported in 2025 (was €4,801)
- Tax, wage and social debts +€3,982
up €3,982 (+42.6%), from €9,351 to €13,333
- Profit (loss) carried forward -€3,372
down €3,372 (-34.0%), from €9,905 to €6,533
- Trade debts -€2,082
down €2,082 (-30.3%), from €6,865 to €4,783
- Gross operating margin -€10,150
down €10,150 (-87.1%), from €11,647 to €1,497
- Taxes +€2,309
new in 2025: €2,309
- Financial charges -€731
down €731 (-37.3%), from €1,958 to €1,227
- Depreciation -€413
no longer reported in 2025 (was €413)
- Other operating charges -€349
down €349 (-20.7%), from €1,682 to €1,334
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 | €85,295 | €70,929 | -€14,366 | -16.8% |
| Fixed assets | 21/28 | €50,000 | €50,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €35,295 | €20,929 | -€14,366 | -40.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €7,000 | -€18,000 | -72.0% |
| Other amounts receivable | 291 | €25,000 | €7,000 | -€18,000 | -72.0% |
| Amounts receivable within one year | 40/41 | - | €4,666 | +€4,666 | |
| Other amounts receivable | 41 | - | €4,666 | +€4,666 | |
| Cash at bank and in hand | 54/58 | €10,295 | €9,263 | -€1,032 | -10.0% |
| Total equity and liabilities | 10/49 | €85,295 | €70,929 | -€14,366 | -16.8% |
| Equity | 10/15 | €10,905 | €7,533 | -€3,372 | -30.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,905 | €6,533 | -€3,372 | -34.0% |
| Amounts payable | 17/49 | €74,390 | €63,396 | -€10,994 | -14.8% |
| Amounts payable after more than one year | 17 | €53,373 | €45,280 | -€8,093 | -15.2% |
| Financial debts | 170/4 | €53,373 | €45,280 | -€8,093 | -15.2% |
| Amounts payable within one year | 42/48 | €21,017 | €18,116 | -€2,901 | -13.8% |
| Trade debts | 44 | €6,865 | €4,783 | -€2,082 | -30.3% |
| Suppliers | 440/4 | €6,865 | €4,783 | -€2,082 | -30.3% |
| Taxes, remuneration and social security | 45 | €9,351 | €13,333 | +€3,982 | +42.6% |
| Taxes | 450/3 | €9,351 | €13,333 | +€3,982 | +42.6% |
| Other amounts payable | 47/48 | €4,801 | - | -€4,801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | - | -€413 | |
| Other operating charges | 640/8 | €1,682 | €1,334 | -€349 | -20.7% |
| Gross operating margin | 9900 | €11,647 | €1,497 | -€10,150 | -87.1% |
| Operating profit (loss) | 9901 | €9,551 | €163 | -€9,388 | -98.3% |
| Financial charges | 65/66B | €1,958 | €1,227 | -€731 | -37.3% |
| Recurring financial charges | 65 | €1,958 | €1,227 | -€731 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €7,593 | -€1,064 | -€8,657 | |
| Transfer to deferred taxes | 680 | €6,504 | - | -€6,504 | |
| Income taxes | 67/77 | - | €2,309 | +€2,309 | |
| Profit (loss) for the period | 9904 | €1,089 | -€3,372 | -€4,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,089 | -€3,372 | -€4,462 |
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 5 October 2026 via checked.be.