NEW DAVE: 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.
NEW DAVE
Largest movements
- Cash +€31,837
up €31,837 (+1045.7%), from €3,045 to €34,882
mainly Debts after one year (+€26,512) and Other debts (+€19,049)
- Tangible fixed assets +€23,636
up €23,636 (+42.2%), from €55,991 to €79,627
of which Land and buildings: +€37,975
- Receivables within one year -€5,956
down €5,956 (-48.1%), from €12,370 to €6,415
of which Trade receivables: -€3,615
- Debts after one year +€26,512
up €26,512 (+157.9%), from €16,789 to €43,301
- Other debts +€19,049
up €19,049 (+101.4%), from €18,780 to €37,829
- Short-term financial debts +€13,364
up €13,364 (+73.4%), from €18,211 to €31,575
- Trade debts -€10,085
down €10,085 (-98.5%), from €10,239 to €154
- Depreciation +€12,862
up €12,862 (+515.0%), from €2,497 to €15,359
- Gross operating margin +€7,072
up €7,072 (+62.1%), from €11,395 to €18,467
- Other operating charges -€2,027
down €2,027 (-64.2%), from €3,157 to €1,130
- Taxes -€1,088
down €1,088 (-77.0%), from €1,412 to €325
- Financial charges +€519
up €519 (+191.3%), from €271 to €790
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 | €71,627 | €121,624 | +€49,997 | +69.8% |
| Fixed assets | 21/28 | €55,991 | €80,327 | +€24,336 | +43.5% |
| Tangible fixed assets | 22/27 | €55,991 | €79,627 | +€23,636 | +42.2% |
| Land and buildings | 22 | - | €37,975 | +€37,975 | |
| Furniture and vehicles | 24 | €55,991 | €41,651 | -€14,340 | -25.6% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €15,636 | €41,297 | +€25,661 | +164.1% |
| Amounts receivable within one year | 40/41 | €12,370 | €6,415 | -€5,956 | -48.1% |
| Trade receivables | 40 | €3,991 | €376 | -€3,615 | -90.6% |
| Other amounts receivable | 41 | €8,379 | €6,038 | -€2,341 | -27.9% |
| Cash at bank and in hand | 54/58 | €3,045 | €34,882 | +€31,837 | +1045.7% |
| Deferred charges and accrued income | 490/1 | €221 | - | -€221 | |
| Total equity and liabilities | 10/49 | €71,627 | €121,624 | +€49,997 | +69.8% |
| Equity | 10/15 | €6,166 | €7,028 | +€862 | +14.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,166 | €4,028 | +€862 | +27.2% |
| Amounts payable | 17/49 | €65,461 | €114,595 | +€49,134 | +75.1% |
| Amounts payable after more than one year | 17 | €16,789 | €43,301 | +€26,512 | +157.9% |
| Financial debts | 170/4 | €16,789 | €43,301 | +€26,512 | +157.9% |
| Amounts payable within one year | 42/48 | €48,672 | €71,294 | +€22,622 | +46.5% |
| Financial debts | 43 | €18,211 | €31,575 | +€13,364 | +73.4% |
| Credit institutions | 430/8 | €18,211 | €31,575 | +€13,364 | +73.4% |
| Trade debts | 44 | €10,239 | €154 | -€10,085 | -98.5% |
| Suppliers | 440/4 | €10,239 | €154 | -€10,085 | -98.5% |
| Taxes, remuneration and social security | 45 | €1,443 | €1,737 | +€294 | +20.4% |
| Taxes | 450/3 | €1,443 | €1,737 | +€294 | +20.4% |
| Other amounts payable | 47/48 | €18,780 | €37,829 | +€19,049 | +101.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,497 | €15,359 | +€12,862 | +515.0% |
| Other operating charges | 640/8 | €3,157 | €1,130 | -€2,027 | -64.2% |
| Gross operating margin | 9900 | €11,395 | €18,467 | +€7,072 | +62.1% |
| Operating profit (loss) | 9901 | €5,740 | €1,977 | -€3,763 | -65.6% |
| Financial charges | 65/66B | €271 | €790 | +€519 | +191.3% |
| Recurring financial charges | 65 | €271 | €790 | +€519 | +191.3% |
| Profit (loss) for the period before taxes | 9903 | €5,469 | €1,187 | -€4,282 | -78.3% |
| Income taxes | 67/77 | €1,412 | €325 | -€1,088 | -77.0% |
| Profit (loss) for the period | 9904 | €4,056 | €862 | -€3,194 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,056 | €862 | -€3,194 | -78.7% |
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 9 October 2026 via checked.be.