DAVAO: 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.
DAVAO
Largest movements
- Receivables within one year -€160,315
down €160,315 (-45.8%), from €350,369 to €190,053
- Profit (loss) carried forward -€162,604
down €162,604 (-2,195%), from -€7,410 to -€170,013
- Gross operating margin +€8,727
up €8,727 (+62.7%), from -€13,926 to -€5,199
- Other operating charges -€401
down €401 (-21.1%), from €1,899 to €1,498
- Financial charges +€170
up €170 (+38.8%), from €439 to €610
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 | €826,994 | €664,462 | -€162,533 | -19.7% |
| Fixed assets | 21/28 | €474,958 | €472,158 | -€2,800 | -0.6% |
| Tangible fixed assets | 22/27 | €9,727 | €6,927 | -€2,800 | -28.8% |
| Furniture and vehicles | 24 | €9,727 | €6,927 | -€2,800 | -28.8% |
| Financial fixed assets | 28 | €465,231 | €465,231 | = | 0.0% |
| Current assets | 29/58 | €352,037 | €192,304 | -€159,733 | -45.4% |
| Amounts receivable within one year | 40/41 | €350,369 | €190,053 | -€160,315 | -45.8% |
| Other amounts receivable | 41 | €350,369 | €190,053 | -€160,315 | -45.8% |
| Cash at bank and in hand | 54/58 | €1,668 | €2,251 | +€583 | +34.9% |
| Total equity and liabilities | 10/49 | €826,994 | €664,462 | -€162,533 | -19.7% |
| Equity | 10/15 | €93,540 | -€69,063 | -€162,604 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €950 | €950 | = | 0.0% |
| Distributable reserves | 133 | €950 | €950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,410 | -€170,013 | -€162,604 | -2,195% |
| Amounts payable | 17/49 | €733,454 | €733,525 | +€71 | 0.0% |
| Amounts payable within one year | 42/48 | €733,378 | €733,446 | +€68 | 0.0% |
| Trade debts | 44 | €7,794 | €10,368 | +€2,573 | +33.0% |
| Suppliers | 440/4 | €7,794 | €10,368 | +€2,573 | +33.0% |
| Taxes, remuneration and social security | 45 | €2,007 | €701 | -€1,306 | -65.1% |
| Taxes | 450/3 | €2,007 | €701 | -€1,306 | -65.1% |
| Other amounts payable | 47/48 | €723,576 | €722,377 | -€1,199 | -0.2% |
| Accrued charges and deferred income | 492/3 | €76 | €79 | +€3 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,934 | €2,800 | -€134 | -4.6% |
| Other operating charges | 640/8 | €1,899 | €1,498 | -€401 | -21.1% |
| Non-recurring operating charges | 66A | - | €152,147 | +€152,147 | |
| Gross operating margin | 9900 | -€13,926 | -€5,199 | +€8,727 | +62.7% |
| Operating profit (loss) | 9901 | -€18,759 | -€161,644 | -€142,885 | -762% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €439 | €610 | +€170 | +38.8% |
| Recurring financial charges | 65 | €439 | €610 | +€170 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,198 | -€162,252 | -€143,053 | -745% |
| Income taxes | 67/77 | €349 | €352 | +€3 | +1.0% |
| Profit (loss) for the period | 9904 | -€19,547 | -€162,604 | -€143,057 | -732% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,547 | -€162,604 | -€143,057 | -732% |
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 31 October 2026 via checked.be.