DAVAN: what changed
DAVAN
Largest movements
- Cash +€57,825
up €57,825 (+772%), from €7,492 to €65,317
mainly Other debts (+€39,079) and Depreciation (+€24,156)
- Tangible fixed assets -€24,156
down €24,156 (-3.7%), from €648,045 to €623,889
- Receivables within one year +€9,109
up €9,109 (+415%), from €2,193 to €11,303
of which Trade receivables: +€7,113
- Other debts +€39,079
up €39,079 (+3.9%), from €989,897 to €1.0m
- Gross operating margin +€65,273
up €65,273 (+3,358%), from €1,944 to €67,217
- Financial charges -€9,885
down €9,885 (-22.5%), from €44,026 to €34,141
- Depreciation -€9,827
down €9,827 (-28.9%), from €33,983 to €24,156
- Other operating charges +€2,007
up €2,007 (+48.4%), from €4,143 to €6,151
- Taxes +€1,406
new in 2025: €1,406
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,908 | €700,696 | +€42,788 | +6.5% |
| Fixed assets | 21/28 | €648,045 | €623,889 | -€24,156 | -3.7% |
| Tangible fixed assets | 22/27 | €648,045 | €623,889 | -€24,156 | -3.7% |
| Land and buildings | 22 | €648,045 | €623,889 | -€24,156 | -3.7% |
| Current assets | 29/58 | €9,863 | €76,807 | +€66,944 | +679% |
| Amounts receivable within one year | 40/41 | €2,193 | €11,303 | +€9,109 | +415% |
| Trade receivables | 40 | €1,387 | €8,500 | +€7,113 | +513% |
| Other amounts receivable | 41 | €806 | €2,803 | +€1,997 | +248% |
| Cash at bank and in hand | 54/58 | €7,492 | €65,317 | +€57,825 | +772% |
| Deferred charges and accrued income | 490/1 | €178 | €187 | +€9 | +5.2% |
| Total equity and liabilities | 10/49 | €657,908 | €700,696 | +€42,788 | +6.5% |
| Equity | 10/15 | -€336,186 | -€334,824 | +€1,363 | +0.4% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €98,020 | €98,020 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,238 | €10,238 | = | 0.0% |
| Distributable reserves | 133 | €87,782 | €87,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€679,207 | -€677,844 | +€1,363 | +0.2% |
| Amounts payable | 17/49 | €994,094 | €1,035,519 | +€41,425 | +4.2% |
| Amounts payable within one year | 42/48 | €994,094 | €1,035,519 | +€41,425 | +4.2% |
| Trade debts | 44 | €4,197 | €6,543 | +€2,346 | +55.9% |
| Suppliers | 440/4 | €4,197 | €6,543 | +€2,346 | +55.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €989,897 | €1,028,976 | +€39,079 | +3.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,983 | €24,156 | -€9,827 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,143 | €6,151 | +€2,007 | +48.4% |
| Gross operating margin | 9900 | €1,944 | €67,217 | +€65,273 | +3,358% |
| Operating profit (loss) | 9901 | -€36,183 | €36,910 | +€73,093 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €44,026 | €34,141 | -€9,885 | -22.5% |
| Recurring financial charges | 65 | €44,026 | €34,141 | -€9,885 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€80,209 | €2,769 | +€82,978 | |
| Income taxes | 67/77 | - | €1,406 | +€1,406 | |
| Profit (loss) for the period | 9904 | -€80,209 | €1,363 | +€81,571 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,209 | €1,363 | +€81,571 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.