DVW Consult: 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.
DVW Consult
Largest movements
- Financial fixed assets -€115,631
down €115,631 (-29.1%), from €397,723 to €282,091
- Current investments +€44,339
up €44,339 (+157%), from €28,176 to €72,515
- Tangible fixed assets +€13,545
up €13,545 (+6.7%), from €201,018 to €214,563
of which Land and buildings: +€16,337
- Deferred charges and accrued income -€10,168
down €10,168 (-99.4%), from €10,225 to €56
- Debts after one year -€72,844
down €72,844 (-21.6%), from €336,544 to €263,701
- Tax, wage and social debts -€24,207
down €24,207 (-41.8%), from €57,928 to €33,721
- Other debts +€20,776
up €20,776 (+16,805%), from €124 to €20,900
- Trade debts +€9,474
up €9,474 (+190%), from €4,999 to €14,473
- Profit (loss) carried forward +€8,527
up €8,527 (+2.6%), from €325,048 to €333,576
- Financial income +€95,437
up €95,437 (+2,166%), from €4,407 to €99,844
of which Non-recurring financial income: +€99,702
- Gross operating margin -€45,460
down €45,460 (-31.3%), from €145,340 to €99,880
- Depreciation -€40,247
down €40,247 (-78.7%), from €51,145 to €10,898
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 | €803,714 | €742,932 | -€60,782 | -7.6% |
| Fixed assets | 21/28 | €598,741 | €496,655 | -€102,086 | -17.1% |
| Tangible fixed assets | 22/27 | €201,018 | €214,563 | +€13,545 | +6.7% |
| Land and buildings | 22 | €194,563 | €210,900 | +€16,337 | +8.4% |
| Plant, machinery and equipment | 23 | €3,296 | €1,939 | -€1,356 | -41.2% |
| Furniture and vehicles | 24 | €3,160 | €1,724 | -€1,435 | -45.4% |
| Financial fixed assets | 28 | €397,723 | €282,091 | -€115,631 | -29.1% |
| Current assets | 29/58 | €204,973 | €246,277 | +€41,304 | +20.2% |
| Amounts receivable within one year | 40/41 | €2,058 | €4,476 | +€2,418 | +117% |
| Trade receivables | 40 | €0 | €4,172 | +€4,172 | |
| Other amounts receivable | 41 | €2,058 | €304 | -€1,754 | -85.2% |
| Current investments | 50/53 | €28,176 | €72,515 | +€44,339 | +157% |
| Cash at bank and in hand | 54/58 | €164,514 | €169,230 | +€4,716 | +2.9% |
| Deferred charges and accrued income | 490/1 | €10,225 | €56 | -€10,168 | -99.4% |
| Total equity and liabilities | 10/49 | €803,714 | €742,932 | -€60,782 | -7.6% |
| Equity | 10/15 | €328,348 | €336,876 | +€8,527 | +2.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,048 | €333,576 | +€8,527 | +2.6% |
| Amounts payable | 17/49 | €475,365 | €406,056 | -€69,309 | -14.6% |
| Amounts payable after more than one year | 17 | €336,544 | €263,701 | -€72,844 | -21.6% |
| Financial debts | 170/4 | €336,544 | €263,701 | -€72,844 | -21.6% |
| Amounts payable within one year | 42/48 | €138,821 | €141,938 | +€3,117 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €75,770 | €72,844 | -€2,927 | -3.9% |
| Trade debts | 44 | €4,999 | €14,473 | +€9,474 | +190% |
| Suppliers | 440/4 | €4,999 | €14,473 | +€9,474 | +190% |
| Taxes, remuneration and social security | 45 | €57,928 | €33,721 | -€24,207 | -41.8% |
| Taxes | 450/3 | €57,928 | €33,721 | -€24,207 | -41.8% |
| Other amounts payable | 47/48 | €124 | €20,900 | +€20,776 | +16,805% |
| Accrued charges and deferred income | 492/3 | - | €418 | +€418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,145 | €10,898 | -€40,247 | -78.7% |
| Other operating charges | 640/8 | €3,133 | €2,759 | -€374 | -11.9% |
| Gross operating margin | 9900 | €145,340 | €99,880 | -€45,460 | -31.3% |
| Operating profit (loss) | 9901 | €91,062 | €86,223 | -€4,839 | -5.3% |
| Financial income | 75/76B | €4,407 | €99,844 | +€95,437 | +2,166% |
| Recurring financial income | 75 | €4,407 | €142 | -€4,265 | -96.8% |
| Non-recurring financial income | 76B | - | €99,702 | +€99,702 | |
| Financial charges | 65/66B | €14,723 | €13,364 | -€1,359 | -9.2% |
| Recurring financial charges | 65 | €14,723 | €13,364 | -€1,359 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €80,746 | €172,703 | +€91,957 | +114% |
| Income taxes | 67/77 | €20,442 | €19,176 | -€1,266 | -6.2% |
| Profit (loss) for the period | 9904 | €60,304 | €153,527 | +€93,223 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €60,304 | €153,527 | +€93,223 | +155% |
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 26 October 2026 via checked.be.