DVZ Partners: 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.
DVZ Partners
Largest movements
- Financial fixed assets +€375,487
up €375,487 (+98.0%), from €383,150 to €758,637
- Receivables within one year +€25,000
new in 2025: €25,000
- Debts after one year +€275,122
new in 2025: €275,122
- Other debts +€59,917
up €59,917 (+28.4%), from €210,613 to €270,529
- Current portion of long-term debt +€45,228
up €45,228 (+142%), from €31,929 to €77,157
- Tax, wage and social debts +€10,725
up €10,725 (+74.4%), from €14,422 to €25,147
- Gross operating margin +€48,314
up €48,314 (+37.5%), from €128,859 to €177,172
- Taxes +€11,090
up €11,090 (+34.4%), from €32,258 to €43,349
- Financial income -€9,466
down €9,466 (-89.8%), from €10,547 to €1,081
- Financial charges +€7,670
up €7,670 (+1,445%), from €531 to €8,200
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 | €534,860 | €931,420 | +€396,560 | +74.1% |
| Fixed assets | 21/28 | €383,150 | €758,637 | +€375,487 | +98.0% |
| Financial fixed assets | 28 | €383,150 | €758,637 | +€375,487 | +98.0% |
| Current assets | 29/58 | €151,710 | €172,783 | +€21,073 | +13.9% |
| Amounts receivable within one year | 40/41 | - | €25,000 | +€25,000 | |
| Trade receivables | 40 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €151,710 | €147,121 | -€4,588 | -3.0% |
| Deferred charges and accrued income | 490/1 | - | €661 | +€661 | |
| Total equity and liabilities | 10/49 | €534,860 | €931,420 | +€396,560 | +74.1% |
| Equity | 10/15 | €277,895 | €277,895 | = | 0.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €270,395 | €270,395 | = | 0.0% |
| Distributable reserves | 133 | €270,395 | €270,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €256,964 | €653,524 | +€396,560 | +154% |
| Amounts payable after more than one year | 17 | - | €275,122 | +€275,122 | |
| Financial debts | 170/4 | - | €275,122 | +€275,122 | |
| Amounts payable within one year | 42/48 | €256,964 | €375,234 | +€118,269 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €31,929 | €77,157 | +€45,228 | +142% |
| Trade debts | 44 | - | €2,400 | +€2,400 | |
| Suppliers | 440/4 | - | €2,400 | +€2,400 | |
| Taxes, remuneration and social security | 45 | €14,422 | €25,147 | +€10,725 | +74.4% |
| Taxes | 450/3 | €14,422 | €25,147 | +€10,725 | +74.4% |
| Other amounts payable | 47/48 | €210,613 | €270,529 | +€59,917 | +28.4% |
| Accrued charges and deferred income | 492/3 | - | €3,169 | +€3,169 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €128,859 | €177,172 | +€48,314 | +37.5% |
| Operating profit (loss) | 9901 | €128,474 | €176,785 | +€48,311 | +37.6% |
| Financial income | 75/76B | €10,547 | €1,081 | -€9,466 | -89.8% |
| Recurring financial income | 75 | €10,547 | €1,081 | -€9,466 | -89.8% |
| Financial charges | 65/66B | €531 | €8,200 | +€7,670 | +1,445% |
| Recurring financial charges | 65 | €531 | €8,200 | +€7,670 | +1,445% |
| Profit (loss) for the period before taxes | 9903 | €138,490 | €169,666 | +€31,175 | +22.5% |
| Income taxes | 67/77 | €32,258 | €43,349 | +€11,090 | +34.4% |
| Profit (loss) for the period | 9904 | €106,232 | €126,317 | +€20,085 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,232 | €126,317 | +€20,085 | +18.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.