DVVCD: 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.
DVVCD
Largest movements
- Current investments -€129,596
down €129,596 (-95.9%), from €135,087 to €5,491
- Deferred charges and accrued income -€56,743
down €56,743 (-92.5%), from €61,331 to €4,588
- Receivables within one year +€12,900
new in 2025: €12,900
- Cash +€11,715
up €11,715 (+68.2%), from €17,190 to €28,905
mainly Current investments (+€129,596) and Net result for the year (+€59,945)
- Tangible fixed assets -€9,338
down €9,338 (-33.3%), from €28,017 to €18,679
of which Furniture and vehicles: -€9,158
- Other debts -€144,678
down €144,678 (-69.1%), from €209,314 to €64,637
- Profit (loss) carried forward -€26,849
no longer reported in 2025 (was €26,849)
- Gross operating margin -€77,821
down €77,821 (-47.2%), from €165,021 to €87,200
- Taxes -€19,395
down €19,395 (-52.9%), from €36,668 to €17,273
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 | €241,625 | €70,564 | -€171,061 | -70.8% |
| Fixed assets | 21/28 | €28,017 | €18,679 | -€9,338 | -33.3% |
| Tangible fixed assets | 22/27 | €28,017 | €18,679 | -€9,338 | -33.3% |
| Plant, machinery and equipment | 23 | €180 | - | -€180 | |
| Furniture and vehicles | 24 | €27,837 | €18,679 | -€9,158 | -32.9% |
| Current assets | 29/58 | €213,608 | €51,885 | -€161,723 | -75.7% |
| Amounts receivable within one year | 40/41 | - | €12,900 | +€12,900 | |
| Other amounts receivable | 41 | - | €12,900 | +€12,900 | |
| Current investments | 50/53 | €135,087 | €5,491 | -€129,596 | -95.9% |
| Cash at bank and in hand | 54/58 | €17,190 | €28,905 | +€11,715 | +68.2% |
| Deferred charges and accrued income | 490/1 | €61,331 | €4,588 | -€56,743 | -92.5% |
| Total equity and liabilities | 10/49 | €241,625 | €70,564 | -€171,061 | -70.8% |
| Equity | 10/15 | €28,349 | €1,500 | -€26,849 | -94.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,849 | - | -€26,849 | |
| Amounts payable | 17/49 | €213,276 | €69,064 | -€144,212 | -67.6% |
| Amounts payable within one year | 42/48 | €213,276 | €69,064 | -€144,212 | -67.6% |
| Trade debts | 44 | €2,331 | €1,580 | -€751 | -32.2% |
| Suppliers | 440/4 | €2,331 | €1,580 | -€751 | -32.2% |
| Taxes, remuneration and social security | 45 | €1,631 | €2,848 | +€1,217 | +74.6% |
| Taxes | 450/3 | €1,631 | - | -€1,631 | |
| Remuneration and social security | 454/9 | - | €2,848 | +€2,848 | |
| Other amounts payable | 47/48 | €209,314 | €64,637 | -€144,678 | -69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,363 | €9,338 | -€25 | -0.3% |
| Other operating charges | 640/8 | - | €977 | +€977 | |
| Gross operating margin | 9900 | €165,021 | €87,200 | -€77,821 | -47.2% |
| Operating profit (loss) | 9901 | €155,658 | €76,885 | -€78,773 | -50.6% |
| Financial income | 75/76B | €125 | €578 | +€453 | +362.8% |
| Recurring financial income | 75 | €125 | €578 | +€453 | +362.8% |
| Financial charges | 65/66B | €154 | €245 | +€91 | +59.4% |
| Recurring financial charges | 65 | €154 | €245 | +€91 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €155,630 | €77,218 | -€78,411 | -50.4% |
| Income taxes | 67/77 | €36,668 | €17,273 | -€19,395 | -52.9% |
| Profit (loss) for the period | 9904 | €118,961 | €59,945 | -€59,016 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,961 | €59,945 | -€59,016 | -49.6% |
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 11 October 2026 via checked.be.