D-Divo: what changed
Two fiscal 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.
D-Divo
Largest movements
- Cash -€16,557
down €16,557 (-46.0%), from €35,967 to €19,410
mainly Debts after one year (-€34,016) and Other debts (-€20,000)
- Tangible fixed assets -€15,045
down €15,045 (-2.9%), from €518,873 to €503,828
of which Land and buildings: -€16,858
- Debts after one year -€34,016
down €34,016 (-8.7%), from €389,883 to €355,866
- Other debts -€20,000
down €20,000 (-46.2%), from €43,264 to €23,264
- Current portion of long-term debt +€16,413
up €16,413 (+22.4%), from €73,304 to €89,717
- Profit (loss) carried forward +€6,064
up €6,064 (+7.6%), from -€79,390 to -€73,326
- Gross operating margin -€6,555
down €6,555 (-12.9%), from €50,945 to €44,390
- Financial charges -€2,058
down €2,058 (-14.3%), from €14,394 to €12,336
- Financial income -€814
down €814 (-77.4%), from €1,051 to €237
- Depreciation +€624
up €624 (+2.8%), from €22,413 to €23,038
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 | €554,839 | €523,408 | -€31,431 | -5.7% |
| Fixed assets | 21/28 | €518,873 | €503,828 | -€15,045 | -2.9% |
| Tangible fixed assets | 22/27 | €518,873 | €503,828 | -€15,045 | -2.9% |
| Land and buildings | 22 | €516,191 | €499,333 | -€16,858 | -3.3% |
| Furniture and vehicles | 24 | €2,682 | €4,495 | +€1,813 | +67.6% |
| Current assets | 29/58 | €35,967 | €19,581 | -€16,386 | -45.6% |
| Amounts receivable within one year | 40/41 | €0 | €171 | +€171 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €171 | +€171 | |
| Cash at bank and in hand | 54/58 | €35,967 | €19,410 | -€16,557 | -46.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €554,839 | €523,408 | -€31,431 | -5.7% |
| Equity | 10/15 | €45,610 | €51,674 | +€6,064 | +13.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,390 | -€73,326 | +€6,064 | +7.6% |
| Amounts payable | 17/49 | €509,230 | €471,734 | -€37,495 | -7.4% |
| Amounts payable after more than one year | 17 | €389,883 | €355,866 | -€34,016 | -8.7% |
| Financial debts | 170/4 | €389,883 | €355,866 | -€34,016 | -8.7% |
| Amounts payable within one year | 42/48 | €119,347 | €115,868 | -€3,479 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €73,304 | €89,717 | +€16,413 | +22.4% |
| Trade debts | 44 | €1,644 | €2,887 | +€1,243 | +75.6% |
| Suppliers | 440/4 | €1,644 | €2,887 | +€1,243 | +75.6% |
| Taxes, remuneration and social security | 45 | €1,136 | €0 | -€1,136 | -100.0% |
| Taxes | 450/3 | €1,136 | €0 | -€1,136 | -100.0% |
| Other amounts payable | 47/48 | €43,264 | €23,264 | -€20,000 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,413 | €23,038 | +€624 | +2.8% |
| Other operating charges | 640/8 | €2,985 | €3,189 | +€203 | +6.8% |
| Gross operating margin | 9900 | €50,945 | €44,390 | -€6,555 | -12.9% |
| Operating profit (loss) | 9901 | €25,547 | €18,163 | -€7,383 | -28.9% |
| Financial income | 75/76B | €1,051 | €237 | -€814 | -77.4% |
| Recurring financial income | 75 | €1,051 | €237 | -€814 | -77.4% |
| Financial charges | 65/66B | €14,394 | €12,336 | -€2,058 | -14.3% |
| Recurring financial charges | 65 | €14,394 | €12,336 | -€2,058 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €12,203 | €6,064 | -€6,139 | -50.3% |
| Profit (loss) for the period | 9904 | €12,203 | €6,064 | -€6,139 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,203 | €6,064 | -€6,139 | -50.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.