DYVACO: what changed
Two fiscal 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.
What changed
DYVACO
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€596,938
2024 · €908,545-€1.5m
Equity
€1.7m
2024 · €2.2m-€596,938
Cash
€64,662
2024 · €68,141-€3,478
Balance sheet total
€10.6m
2024 · €8.0m+€2.6m
Largest movements
Assets
- Stocks and contracts +€2.7m
up €2.7m (+494.0%), from €555,246 to €3.3m
- Tangible fixed assets -€247,195
down €247,195 (-4.9%), from €5.1m to €4.8m
of which Land and buildings: -€209,685
- Receivables within one year +€129,928
up €129,928 (+1469.6%), from €8,841 to €138,770
of which Other amounts receivable: +€128,928
Equity and liabilities
- Other debts +€3.7m
up €3.7m (+135.3%), from €2.8m to €6.5m
- Profit (loss) carried forward -€596,938
down €596,938, from €0 to -€596,938
- Debts after one year -€370,085
down €370,085 (-13.4%), from €2.8m to €2.4m
- Accrued charges and deferred income -€141,716
down €141,716 (-100.0%), from €141,716 to €0
Income statement
- Gross operating margin -€1.5m
down €1.5m, from €1.4m to -€137,537
- Taxes -€27,428
down €27,428 (-98.1%), from €27,969 to €541
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.
Result 2024
€908,545
Gross operating margin
-€1.5m
Depreciation
-€1,095
Other operating charges
-€7,992
Financial income
-€7,114
Financial charges
+€10,941
Taxes
+€27,428
Result 2025
-€596,938
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.
From operations
+€403,581
Investment
-€9,735
Financing
-€397,324
Cash 2024
€68,141
From operations (derived)
+€403,581
Net result for the year
-€596,938
Depreciation
+€256,930
Stocks and contracts
-€2.7m
Receivables within one year
-€129,928
Deferred charges and accrued income
-€2,896
Trade debts
+€23,938
Tax, wage and social debts
+€13,161
Other debts
+€3.7m
Accrued charges and deferred income
-€141,716
Investment (derived)
-€9,735
Investment in fixed assets (net)
-€9,735
Financing
-€397,324
Debts after one year
-€370,085
Current portion of long-term debt
-€27,239
Cash 2025
€64,662
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,004,436 | €10,629,632 | +€2.6m | +32.8% |
| Fixed assets | 21/28 | €7,370,716 | €7,123,521 | -€247,195 | -3.4% |
| Tangible fixed assets | 22/27 | €5,078,666 | €4,831,471 | -€247,195 | -4.9% |
| Land and buildings | 22 | €3,483,630 | €3,273,945 | -€209,685 | -6.0% |
| Furniture and vehicles | 24 | €93,636 | €56,126 | -€37,510 | -40.1% |
| Other tangible fixed assets | 26 | €1,501,400 | €1,501,400 | = | 0.0% |
| Financial fixed assets | 28 | €2,292,050 | €2,292,050 | = | 0.0% |
| Current assets | 29/58 | €633,720 | €3,506,111 | +€2.9m | +453.3% |
| Stocks and contracts in progress | 3 | €555,246 | €3,298,291 | +€2.7m | +494.0% |
| Stocks | 30/36 | €555,246 | €3,298,291 | +€2.7m | +494.0% |
| Amounts receivable within one year | 40/41 | €8,841 | €138,770 | +€129,928 | +1469.6% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €8,841 | €137,770 | +€128,928 | +1458.3% |
| Cash at bank and in hand | 54/58 | €68,141 | €64,662 | -€3,478 | -5.1% |
| Deferred charges and accrued income | 490/1 | €1,493 | €4,388 | +€2,896 | +194.0% |
| Total equity and liabilities | 10/49 | €8,004,436 | €10,629,632 | +€2.6m | +32.8% |
| Equity | 10/15 | €2,248,929 | €1,651,991 | -€596,938 | -26.5% |
| Contributions | 10/11 | €1,300,669 | €1,300,669 | = | 0.0% |
| Reserves | 13 | €948,260 | €948,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €948,260 | €948,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€596,938 | -€596,938 | |
| Amounts payable | 17/49 | €5,755,507 | €8,977,641 | +€3.2m | +56.0% |
| Amounts payable after more than one year | 17 | €2,770,085 | €2,400,000 | -€370,085 | -13.4% |
| Financial debts | 170/4 | €2,770,085 | €2,400,000 | -€370,085 | -13.4% |
| Amounts payable within one year | 42/48 | €2,843,706 | €6,577,641 | +€3.7m | +131.3% |
| Current portion of amounts payable after more than one year | 42 | €51,318 | €24,079 | -€27,239 | -53.1% |
| Trade debts | 44 | €8,419 | €32,356 | +€23,938 | +284.3% |
| Suppliers | 440/4 | €8,419 | €32,356 | +€23,938 | +284.3% |
| Taxes, remuneration and social security | 45 | €31,366 | €44,527 | +€13,161 | +42.0% |
| Taxes | 450/3 | €31,366 | €44,527 | +€13,161 | +42.0% |
| Other amounts payable | 47/48 | €2,752,603 | €6,476,679 | +€3.7m | +135.3% |
| Accrued charges and deferred income | 492/3 | €141,716 | €0 | -€141,716 | -100.0% |
| Non-recurring operating income | 76A | - | €37,320 | +€37,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,836 | €256,930 | +€1,095 | +0.4% |
| Other operating charges | 640/8 | €6,460 | €14,453 | +€7,992 | +123.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,390,115 | -€137,537 | -€1.5m | |
| Operating profit (loss) | 9901 | €1,127,819 | -€408,920 | -€1.5m | |
| Financial income | 75/76B | €7,942 | €828 | -€7,114 | -89.6% |
| Recurring financial income | 75 | €7,942 | €828 | -€7,114 | -89.6% |
| Financial charges | 65/66B | €199,247 | €188,306 | -€10,941 | -5.5% |
| Recurring financial charges | 65 | €199,247 | €188,306 | -€10,941 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €936,514 | -€596,397 | -€1.5m | |
| Income taxes | 67/77 | €27,969 | €541 | -€27,428 | -98.1% |
| Profit (loss) for the period | 9904 | €908,545 | -€596,938 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €908,545 | -€596,938 | -€1.5m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.