DVN PROJECTS: what changed
DVN PROJECTS
Largest movements
- Cash +€45,392
up €45,392 (+55.4%), from €81,920 to €127,312
mainly Net result for the year (+€34,810) and Receivables within one year (+€11,164)
- Receivables within one year -€11,164
down €11,164 (-16.4%), from €68,264 to €57,099
of which Other amounts receivable: -€11,597
- Tangible fixed assets -€11,097
down €11,097 (-45.0%), from €24,634 to €13,537
of which Furniture and vehicles: -€5,692
- Reserves +€22,000
up €22,000 (+14.4%), from €152,761 to €174,761
- Tax, wage and social debts +€3,181
up €3,181 (+91.1%), from €3,493 to €6,674
- Current portion of long-term debt -€2,025
no longer reported in 2025 (was €2,025)
- Gross operating margin +€11,771
up €11,771 (+24.7%), from €47,653 to €59,423
- Taxes +€4,094
up €4,094 (+37.9%), from €10,795 to €14,889
- Depreciation -€3,928
down €3,928 (-26.1%), from €15,025 to €11,097
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 | €174,818 | €197,949 | +€23,131 | +13.2% |
| Fixed assets | 21/28 | €24,634 | €13,537 | -€11,097 | -45.0% |
| Tangible fixed assets | 22/27 | €24,634 | €13,537 | -€11,097 | -45.0% |
| Plant, machinery and equipment | 23 | €1,848 | €1,017 | -€831 | -45.0% |
| Furniture and vehicles | 24 | €11,991 | €6,300 | -€5,692 | -47.5% |
| Other tangible fixed assets | 26 | €10,794 | €6,220 | -€4,574 | -42.4% |
| Current assets | 29/58 | €150,184 | €184,412 | +€34,228 | +22.8% |
| Amounts receivable within one year | 40/41 | €68,264 | €57,099 | -€11,164 | -16.4% |
| Trade receivables | 40 | €14,737 | €15,170 | +€433 | +2.9% |
| Other amounts receivable | 41 | €53,527 | €41,930 | -€11,597 | -21.7% |
| Cash at bank and in hand | 54/58 | €81,920 | €127,312 | +€45,392 | +55.4% |
| Total equity and liabilities | 10/49 | €174,818 | €197,949 | +€23,131 | +13.2% |
| Equity | 10/15 | €165,569 | €187,879 | +€22,310 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,761 | €174,761 | +€22,000 | +14.4% |
| Distributable reserves | 133 | €152,761 | €174,761 | +€22,000 | +14.4% |
| Profit (loss) carried forward | 14 | €6,608 | €6,918 | +€310 | +4.7% |
| Amounts payable | 17/49 | €9,249 | €10,070 | +€821 | +8.9% |
| Amounts payable within one year | 42/48 | €9,249 | €10,070 | +€821 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €2,025 | - | -€2,025 | |
| Trade debts | 44 | €1,425 | €2,174 | +€749 | +52.5% |
| Suppliers | 440/4 | €1,425 | €2,174 | +€749 | +52.5% |
| Taxes, remuneration and social security | 45 | €3,493 | €6,674 | +€3,181 | +91.1% |
| Taxes | 450/3 | €3,493 | €6,674 | +€3,181 | +91.1% |
| Other amounts payable | 47/48 | €2,306 | €1,221 | -€1,085 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,025 | €11,097 | -€3,928 | -26.1% |
| Other operating charges | 640/8 | €1,899 | €1,969 | +€69 | +3.6% |
| Gross operating margin | 9900 | €47,653 | €59,423 | +€11,771 | +24.7% |
| Operating profit (loss) | 9901 | €30,729 | €46,358 | +€15,629 | +50.9% |
| Financial income | 75/76B | €3,086 | €3,449 | +€363 | +11.8% |
| Recurring financial income | 75 | €3,086 | €3,449 | +€363 | +11.8% |
| Financial charges | 65/66B | €190 | €108 | -€82 | -43.2% |
| Recurring financial charges | 65 | €190 | €108 | -€82 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €33,625 | €49,699 | +€16,074 | +47.8% |
| Income taxes | 67/77 | €10,795 | €14,889 | +€4,094 | +37.9% |
| Profit (loss) for the period | 9904 | €22,830 | €34,810 | +€11,980 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,830 | €34,810 | +€11,980 | +52.5% |
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 7 November 2026 via checked.be.