DAVER: what changed
DAVER
Largest movements
- Current investments +€130,000
new in 2025: €130,000
- Cash -€57,959
down €57,959 (-18.6%), from €311,711 to €253,752
mainly Current investments (-€130,000) and Deferred charges and accrued income (-€16,262)
- Deferred charges and accrued income +€16,262
up €16,262 (+23.3%), from €69,826 to €86,088
- Tangible fixed assets -€5,799
down €5,799 (-47.0%), from €12,348 to €6,549
of which Furniture and vehicles: -€5,438
- Reserves +€79,938
up €79,938 (+42.9%), from €186,520 to €266,458
- Other debts +€11,782
up €11,782 (+40.7%), from €28,974 to €40,756
- Tax, wage and social debts -€7,253
down €7,253 (-24.5%), from €29,605 to €22,353
of which Remuneration and social security: -€5,000
- Purchases and services -€64,920
down €64,920 (-15.5%), from €419,456 to €354,536
- Turnover -€33,054
down €33,054 (-6.6%), from €499,964 to €466,911
- Gross operating margin +€31,700
up €31,700 (+34.0%), from €93,293 to €124,993
- Taxes +€13,058
up €13,058 (+58.0%), from €22,501 to €35,559
- Depreciation -€6,998
down €6,998 (-38.4%), from €18,217 to €11,219
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 | €404,248 | €486,752 | +€82,504 | +20.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,348 | €6,549 | -€5,799 | -47.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,348 | €6,549 | -€5,799 | -47.0% |
| Furniture and vehicles | 24 | €11,987 | €6,549 | -€5,438 | -45.4% |
| Other tangible fixed assets | 26 | €361 | €0 | -€361 | -100% |
| Current assets | 29/58 | €391,900 | €480,203 | +€88,303 | +22.5% |
| Amounts receivable within one year | 40/41 | €10,363 | €10,363 | = | 0.0% |
| Other amounts receivable | 41 | €10,363 | €10,363 | = | 0.0% |
| Current investments | 50/53 | - | €130,000 | +€130,000 | |
| Cash at bank and in hand | 54/58 | €311,711 | €253,752 | -€57,959 | -18.6% |
| Deferred charges and accrued income | 490/1 | €69,826 | €86,088 | +€16,262 | +23.3% |
| Total equity and liabilities | 10/49 | €404,248 | €486,752 | +€82,504 | +20.4% |
| Equity | 10/15 | €331,328 | €411,266 | +€79,938 | +24.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Capital | 10 | €6,205 | €6,205 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €186,520 | €266,458 | +€79,938 | +42.9% |
| Distributable reserves | 133 | €186,520 | €266,458 | +€79,938 | +42.9% |
| Profit (loss) carried forward | 14 | €138,603 | €138,603 | = | 0.0% |
| Amounts payable | 17/49 | €72,920 | €75,486 | +€2,566 | +3.5% |
| Amounts payable within one year | 42/48 | €72,920 | €75,074 | +€2,154 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,340 | €11,965 | -€2,375 | -16.6% |
| Suppliers | 440/4 | €14,340 | €11,965 | -€2,375 | -16.6% |
| Taxes, remuneration and social security | 45 | €29,605 | €22,353 | -€7,253 | -24.5% |
| Taxes | 450/3 | €24,605 | €22,353 | -€2,253 | -9.2% |
| Remuneration and social security | 454/9 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts payable | 47/48 | €28,974 | €40,756 | +€11,782 | +40.7% |
| Accrued charges and deferred income | 492/3 | €0 | €412 | +€412 | |
| Turnover | 70 | €499,964 | €466,911 | -€33,054 | -6.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €419,456 | €354,536 | -€64,920 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,217 | €11,219 | -€6,998 | -38.4% |
| Other operating charges | 640/8 | €1,122 | €1,257 | +€134 | +12.0% |
| Gross operating margin | 9900 | €93,293 | €124,993 | +€31,700 | +34.0% |
| Operating profit (loss) | 9901 | €73,954 | €112,517 | +€38,563 | +52.1% |
| Financial income | 75/76B | €2,883 | €3,821 | +€939 | +32.6% |
| Recurring financial income | 75 | €2,883 | €3,821 | +€939 | +32.6% |
| Financial charges | 65/66B | €809 | €841 | +€32 | +3.9% |
| Recurring financial charges | 65 | €809 | €841 | +€32 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €76,027 | €115,497 | +€39,470 | +51.9% |
| Income taxes | 67/77 | €22,501 | €35,559 | +€13,058 | +58.0% |
| Profit (loss) for the period | 9904 | €53,526 | €79,938 | +€26,412 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,526 | €79,938 | +€26,412 | +49.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.