DVT: 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.
DVT
Largest movements
- Cash -€14,262
down €14,262 (-51.0%), from €27,938 to €13,676
mainly Investment in fixed assets (net) (-€13,664) and Net result for the year (-€7,423)
- Tangible fixed assets +€10,834
up €10,834 (+140.9%), from €7,689 to €18,523
of which Furniture and vehicles: +€12,424
- Receivables within one year -€4,507
down €4,507 (-37.2%), from €12,127 to €7,620
of which Other amounts receivable: -€2,311
- Deferred charges and accrued income -€3,468
down €3,468 (-66.5%), from €5,216 to €1,748
- Stocks and contracts -€556
down €556 (-34.9%), from €1,594 to €1,038
- Reserves -€10,418
down €10,418 (-46.1%), from €22,619 to €12,201
- Trade debts -€1,758
down €1,758 (-84.9%), from €2,070 to €312
- Gross operating margin -€11,904
down €11,904, from €7,802 to -€4,102
- Depreciation -€2,389
down €2,389 (-45.8%), from €5,220 to €2,830
- Financial charges -€612
down €612 (-83.6%), from €733 to €120
- Taxes -€446
down €446 (-99.6%), from €448 to €2
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 | €54,564 | €42,605 | -€11,959 | -21.9% |
| Fixed assets | 21/28 | €7,689 | €18,523 | +€10,834 | +140.9% |
| Tangible fixed assets | 22/27 | €7,689 | €18,523 | +€10,834 | +140.9% |
| Plant, machinery and equipment | 23 | €5,133 | €3,542 | -€1,590 | -31.0% |
| Furniture and vehicles | 24 | €2,557 | €14,981 | +€12,424 | +486.0% |
| Current assets | 29/58 | €46,875 | €24,081 | -€22,793 | -48.6% |
| Stocks and contracts in progress | 3 | €1,594 | €1,038 | -€556 | -34.9% |
| Stocks | 30/36 | €1,594 | €1,038 | -€556 | -34.9% |
| Amounts receivable within one year | 40/41 | €12,127 | €7,620 | -€4,507 | -37.2% |
| Trade receivables | 40 | €8,323 | €6,127 | -€2,196 | -26.4% |
| Other amounts receivable | 41 | €3,804 | €1,493 | -€2,311 | -60.8% |
| Cash at bank and in hand | 54/58 | €27,938 | €13,676 | -€14,262 | -51.0% |
| Deferred charges and accrued income | 490/1 | €5,216 | €1,748 | -€3,468 | -66.5% |
| Total equity and liabilities | 10/49 | €54,564 | €42,605 | -€11,959 | -21.9% |
| Equity | 10/15 | €41,219 | €30,801 | -€10,418 | -25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,619 | €12,201 | -€10,418 | -46.1% |
| Distributable reserves | 133 | €22,619 | €12,201 | -€10,418 | -46.1% |
| Amounts payable | 17/49 | €13,345 | €11,804 | -€1,541 | -11.5% |
| Amounts payable within one year | 42/48 | €13,345 | €11,804 | -€1,541 | -11.5% |
| Trade debts | 44 | €2,070 | €312 | -€1,758 | -84.9% |
| Suppliers | 440/4 | €2,070 | €312 | -€1,758 | -84.9% |
| Taxes, remuneration and social security | 45 | - | €364 | +€364 | |
| Taxes | 450/3 | - | €364 | +€364 | |
| Other amounts payable | 47/48 | €11,275 | €11,128 | -€148 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,220 | €2,830 | -€2,389 | -45.8% |
| Other operating charges | 640/8 | €383 | €380 | -€2 | -0.6% |
| Gross operating margin | 9900 | €7,802 | -€4,102 | -€11,904 | |
| Operating profit (loss) | 9901 | €2,200 | -€7,312 | -€9,512 | |
| Financial income | 75/76B | €7 | €12 | +€5 | +64.6% |
| Recurring financial income | 75 | €7 | €12 | +€5 | +64.6% |
| Financial charges | 65/66B | €733 | €120 | -€612 | -83.6% |
| Recurring financial charges | 65 | €733 | €120 | -€612 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €1,475 | -€7,421 | -€8,895 | |
| Income taxes | 67/77 | €448 | €2 | -€446 | -99.6% |
| Profit (loss) for the period | 9904 | €1,027 | -€7,423 | -€8,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,027 | -€7,423 | -€8,449 |
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.