DVV HEULE: 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.
DVV HEULE
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Receivables within one year +€17,446
up €17,446 (+11.4%), from €153,206 to €170,653
of which Other amounts receivable: +€9,626
- Cash +€13,721
up €13,721 (+13.9%), from €98,639 to €112,360
mainly Current investments (+€100,000) and Depreciation (+€14,284)
- Tangible fixed assets -€9,785
down €9,785 (-16.8%), from €58,085 to €48,300
of which Furniture and vehicles: -€9,030
- Profit (loss) carried forward -€66,889
down €66,889, from €0 to -€66,889
- Tax, wage and social debts -€26,323
down €26,323 (-89.9%), from €29,273 to €2,950
of which Taxes: -€26,323
- Reserves +€20,000
up €20,000 (+6.4%), from €312,485 to €332,485
- Debts after one year -€7,061
down €7,061 (-20.4%), from €34,575 to €27,514
- Gross operating margin -€709,153
down €709,153, from €694,072 to -€15,081
- Taxes -€163,548
down €163,548 (-99.8%), from €163,823 to €274
- Financial charges -€8,951
down €8,951 (-76.1%), from €11,763 to €2,813
of which Non-recurring financial charges: -€10,206
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 | €418,720 | €337,512 | -€81,208 | -19.4% |
| Fixed assets | 21/28 | €64,284 | €54,499 | -€9,785 | -15.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €58,085 | €48,300 | -€9,785 | -16.8% |
| Plant, machinery and equipment | 23 | €2,232 | €1,733 | -€499 | -22.4% |
| Furniture and vehicles | 24 | €53,339 | €44,309 | -€9,030 | -16.9% |
| Other tangible fixed assets | 26 | €2,515 | €2,259 | -€256 | -10.2% |
| Financial fixed assets | 28 | €6,199 | €6,199 | = | 0.0% |
| Current assets | 29/58 | €354,436 | €283,013 | -€71,423 | -20.2% |
| Amounts receivable within one year | 40/41 | €153,206 | €170,653 | +€17,446 | +11.4% |
| Trade receivables | 40 | €3,206 | €11,027 | +€7,821 | +243.9% |
| Other amounts receivable | 41 | €150,000 | €159,626 | +€9,626 | +6.4% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €98,639 | €112,360 | +€13,721 | +13.9% |
| Deferred charges and accrued income | 490/1 | €2,590 | €0 | -€2,590 | -100.0% |
| Total equity and liabilities | 10/49 | €418,720 | €337,512 | -€81,208 | -19.4% |
| Equity | 10/15 | €332,485 | €285,596 | -€46,889 | -14.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €312,485 | €332,485 | +€20,000 | +6.4% |
| Distributable reserves | 133 | €312,485 | €332,485 | +€20,000 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | -€66,889 | -€66,889 | |
| Amounts payable | 17/49 | €86,235 | €51,916 | -€34,319 | -39.8% |
| Amounts payable after more than one year | 17 | €34,575 | €27,514 | -€7,061 | -20.4% |
| Financial debts | 170/4 | €34,575 | €27,514 | -€7,061 | -20.4% |
| Amounts payable within one year | 42/48 | €51,660 | €24,402 | -€27,258 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €8,972 | €10,838 | +€1,866 | +20.8% |
| Trade debts | 44 | €11,563 | €8,680 | -€2,884 | -24.9% |
| Suppliers | 440/4 | €11,563 | €8,680 | -€2,884 | -24.9% |
| Taxes, remuneration and social security | 45 | €29,273 | €2,950 | -€26,323 | -89.9% |
| Taxes | 450/3 | €26,323 | €0 | -€26,323 | -100.0% |
| Remuneration and social security | 454/9 | €2,950 | €2,950 | = | 0.0% |
| Other amounts payable | 47/48 | €1,852 | €1,935 | +€83 | +4.5% |
| Non-recurring operating income | 76A | €15,694 | €5,300 | -€10,394 | -66.2% |
| Remuneration, social security and pensions | 62 | €6,490 | €244 | -€6,246 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,220 | €14,284 | +€6,064 | +73.8% |
| Other operating charges | 640/8 | €2,369 | €720 | -€1,649 | -69.6% |
| Gross operating margin | 9900 | €694,072 | -€15,081 | -€709,153 | |
| Operating profit (loss) | 9901 | €676,993 | -€30,329 | -€707,322 | |
| Financial income | 75/76B | €3,206 | €6,527 | +€3,321 | +103.6% |
| Recurring financial income | 75 | €3,206 | €6,527 | +€3,321 | +103.6% |
| Financial charges | 65/66B | €11,763 | €2,813 | -€8,951 | -76.1% |
| Recurring financial charges | 65 | €1,557 | €2,813 | +€1,255 | +80.6% |
| Non-recurring financial charges | 66B | €10,206 | €0 | -€10,206 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €668,435 | -€26,615 | -€695,050 | |
| Income taxes | 67/77 | €163,823 | €274 | -€163,548 | -99.8% |
| Profit (loss) for the period | 9904 | €504,613 | -€26,889 | -€531,502 | |
| Profit (loss) for the period to be appropriated | 9905 | €504,613 | -€26,889 | -€531,502 |
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 9 October 2026 via checked.be.