DVV SINAAI: 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 SINAAI
Largest movements
- Cash +€64,964
up €64,964 (+52.5%), from €123,651 to €188,615
mainly Net result for the year (+€84,816) and Depreciation (+€31,100)
- Tangible fixed assets -€25,131
down €25,131 (-26.6%), from €94,530 to €69,398
of which Furniture and vehicles: -€22,541
- Current investments -€24,618
down €24,618 (-12.8%), from €192,723 to €168,104
- Deferred charges and accrued income +€7,236
up €7,236 (+275%), from €2,632 to €9,868
- Receivables within one year -€5,863
down €5,863 (-10.3%), from €57,192 to €51,329
of which Trade receivables: -€3,596
- Reserves +€40,553
up €40,553 (+10.5%), from €386,264 to €426,817
- Debts after one year -€18,315
down €18,315 (-59.8%), from €30,616 to €12,300
- Gross operating margin -€8,553
down €8,553 (-5.4%), from €158,662 to €150,109
- Taxes -€2,086
down €2,086 (-5.4%), from €38,540 to €36,454
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.
Derived cash bridge
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 | €472,311 | €488,898 | +€16,587 | +3.5% |
| Fixed assets | 21/28 | €96,113 | €70,981 | -€25,131 | -26.1% |
| Tangible fixed assets | 22/27 | €94,530 | €69,398 | -€25,131 | -26.6% |
| Land and buildings | 22 | €34,132 | €31,397 | -€2,735 | -8.0% |
| Plant, machinery and equipment | 23 | €3,118 | €3,262 | +€144 | +4.6% |
| Furniture and vehicles | 24 | €57,279 | €34,739 | -€22,541 | -39.4% |
| Financial fixed assets | 28 | €1,583 | €1,583 | = | 0.0% |
| Current assets | 29/58 | €376,199 | €417,917 | +€41,718 | +11.1% |
| Amounts receivable within one year | 40/41 | €57,192 | €51,329 | -€5,863 | -10.3% |
| Trade receivables | 40 | €49,061 | €45,465 | -€3,596 | -7.3% |
| Other amounts receivable | 41 | €8,131 | €5,864 | -€2,267 | -27.9% |
| Current investments | 50/53 | €192,723 | €168,104 | -€24,618 | -12.8% |
| Cash at bank and in hand | 54/58 | €123,651 | €188,615 | +€64,964 | +52.5% |
| Deferred charges and accrued income | 490/1 | €2,632 | €9,868 | +€7,236 | +275% |
| Total equity and liabilities | 10/49 | €472,311 | €488,898 | +€16,587 | +3.5% |
| Equity | 10/15 | €404,864 | €445,417 | +€40,553 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €386,264 | €426,817 | +€40,553 | +10.5% |
| Distributable reserves | 133 | €386,264 | €426,817 | +€40,553 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,448 | €43,481 | -€23,967 | -35.5% |
| Amounts payable after more than one year | 17 | €30,616 | €12,300 | -€18,315 | -59.8% |
| Financial debts | 170/4 | €30,616 | €12,300 | -€18,315 | -59.8% |
| Amounts payable within one year | 42/48 | €36,832 | €31,181 | -€5,651 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €18,086 | €18,315 | +€230 | +1.3% |
| Trade debts | 44 | €332 | €739 | +€407 | +122% |
| Suppliers | 440/4 | €332 | €739 | +€407 | +122% |
| Taxes, remuneration and social security | 45 | €10,611 | €6,129 | -€4,482 | -42.2% |
| Taxes | 450/3 | €10,611 | €6,129 | -€4,482 | -42.2% |
| Other amounts payable | 47/48 | €7,804 | €5,998 | -€1,806 | -23.1% |
| Remuneration, social security and pensions | 62 | €612 | €728 | +€117 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,848 | €31,100 | +€252 | +0.8% |
| Other operating charges | 640/8 | €797 | €703 | -€94 | -11.8% |
| Gross operating margin | 9900 | €158,662 | €150,109 | -€8,553 | -5.4% |
| Operating profit (loss) | 9901 | €126,406 | €117,578 | -€8,828 | -7.0% |
| Financial income | 75/76B | €3,097 | €4,418 | +€1,322 | +42.7% |
| Recurring financial income | 75 | €3,097 | €4,418 | +€1,322 | +42.7% |
| Financial charges | 65/66B | €935 | €726 | -€209 | -22.4% |
| Recurring financial charges | 65 | €935 | €726 | -€209 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €128,567 | €121,270 | -€7,297 | -5.7% |
| Income taxes | 67/77 | €38,540 | €36,454 | -€2,086 | -5.4% |
| Profit (loss) for the period | 9904 | €90,027 | €84,816 | -€5,211 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,027 | €84,816 | -€5,211 | -5.8% |
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 1 November 2026 via checked.be.