DVTJ: 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.
DVTJ
Largest movements
- Cash -€34,166
down €34,166 (-14.1%), from €242,055 to €207,889
mainly Contributions, distributions and other (-€236,151) and Investment in fixed assets (net) (-€6,908)
- Tangible fixed assets +€4,666
up €4,666 (+77.6%), from €6,014 to €10,680
- Reserves -€150,000
no longer reported in 2025 (was €150,000)
- Other debts +€122,256
up €122,256 (+107.2%), from €114,024 to €236,279
- Gross operating margin -€35,128
down €35,128 (-23.6%), from €148,560 to €113,432
- Taxes -€9,027
down €9,027 (-28.2%), from €31,994 to €22,967
- Financial income -€1,848
down €1,848 (-78.3%), from €2,359 to €511
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 | €269,814 | €242,024 | -€27,790 | -10.3% |
| Fixed assets | 21/28 | €6,014 | €10,680 | +€4,666 | +77.6% |
| Tangible fixed assets | 22/27 | €6,014 | €10,680 | +€4,666 | +77.6% |
| Furniture and vehicles | 24 | €6,014 | €10,680 | +€4,666 | +77.6% |
| Current assets | 29/58 | €263,800 | €231,345 | -€32,455 | -12.3% |
| Amounts receivable within one year | 40/41 | €713 | €2,746 | +€2,033 | +285.0% |
| Other amounts receivable | 41 | €713 | €2,746 | +€2,033 | +285.0% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €242,055 | €207,889 | -€34,166 | -14.1% |
| Deferred charges and accrued income | 490/1 | €1,032 | €710 | -€323 | -31.3% |
| Total equity and liabilities | 10/49 | €269,814 | €242,024 | -€27,790 | -10.3% |
| Equity | 10/15 | €155,000 | €5,000 | -€150,000 | -96.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €150,000 | - | -€150,000 | |
| Distributable reserves | 133 | €150,000 | - | -€150,000 | |
| Amounts payable | 17/49 | €114,814 | €237,024 | +€122,210 | +106.4% |
| Amounts payable within one year | 42/48 | €114,814 | €236,706 | +€121,892 | +106.2% |
| Trade debts | 44 | €791 | €426 | -€364 | -46.1% |
| Suppliers | 440/4 | €791 | €426 | -€364 | -46.1% |
| Other amounts payable | 47/48 | €114,024 | €236,279 | +€122,256 | +107.2% |
| Accrued charges and deferred income | 492/3 | - | €319 | +€319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,891 | €2,242 | +€351 | +18.6% |
| Other operating charges | 640/8 | €502 | €705 | +€203 | +40.3% |
| Gross operating margin | 9900 | €148,560 | €113,432 | -€35,128 | -23.6% |
| Operating profit (loss) | 9901 | €146,167 | €110,485 | -€35,683 | -24.4% |
| Financial income | 75/76B | €2,359 | €511 | -€1,848 | -78.3% |
| Recurring financial income | 75 | €2,359 | €511 | -€1,848 | -78.3% |
| Financial charges | 65/66B | €2,636 | €1,877 | -€759 | -28.8% |
| Recurring financial charges | 65 | €2,636 | €1,877 | -€759 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €145,890 | €109,118 | -€36,771 | -25.2% |
| Income taxes | 67/77 | €31,994 | €22,967 | -€9,027 | -28.2% |
| Profit (loss) for the period | 9904 | €113,896 | €86,151 | -€27,744 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €113,896 | €86,151 | -€27,744 | -24.4% |
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 4 October 2026 via checked.be.