Dhiva: 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.
Dhiva
Largest movements
- Stocks and contracts +€70,291
up €70,291 (+125%), from €56,346 to €126,636
- Receivables within one year -€11,472
down €11,472 (-6.3%), from €181,340 to €169,868
of which Trade receivables: -€11,707
- Cash -€5,439
down €5,439 (-28.0%), from €19,425 to €13,986
mainly Stocks and contracts (-€70,291) and Trade debts (-€26,955)
- Other debts +€56,079
up €56,079 (+121%), from €46,407 to €102,487
- Trade debts -€26,955
down €26,955 (-16.2%), from €165,925 to €138,970
- Debts after one year +€23,406
up €23,406 (+217%), from €10,767 to €34,172
- Current portion of long-term debt +€7,130
up €7,130 (+115%), from €6,192 to €13,323
- Tax, wage and social debts -€5,130
down €5,130 (-65.7%), from €7,806 to €2,676
- Gross operating margin -€34,438
down €34,438 (-69.0%), from €49,940 to €15,502
- Staff costs -€30,829
no longer reported in 2025 (was €30,829)
- Financial income +€2,699
up €2,699 (+2,595%), from €104 to €2,803
- Other operating charges -€1,913
down €1,913 (-62.3%), from €3,073 to €1,160
- Financial charges +€601
up €601 (+5.1%), from €11,711 to €12,312
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 | €262,391 | €316,534 | +€54,143 | +20.6% |
| Fixed assets | 21/28 | €4,931 | €5,694 | +€763 | +15.5% |
| Tangible fixed assets | 22/27 | €2,231 | €444 | -€1,787 | -80.1% |
| Plant, machinery and equipment | 23 | €525 | - | -€525 | |
| Furniture and vehicles | 24 | €1,706 | €444 | -€1,262 | -74.0% |
| Financial fixed assets | 28 | €2,700 | €5,250 | +€2,550 | +94.4% |
| Current assets | 29/58 | €257,460 | €310,839 | +€53,379 | +20.7% |
| Stocks and contracts in progress | 3 | €56,346 | €126,636 | +€70,291 | +125% |
| Stocks | 30/36 | €56,346 | €126,636 | +€70,291 | +125% |
| Amounts receivable within one year | 40/41 | €181,340 | €169,868 | -€11,472 | -6.3% |
| Trade receivables | 40 | €181,340 | €169,633 | -€11,707 | -6.5% |
| Other amounts receivable | 41 | - | €235 | +€235 | |
| Cash at bank and in hand | 54/58 | €19,425 | €13,986 | -€5,439 | -28.0% |
| Deferred charges and accrued income | 490/1 | €349 | €349 | = | 0.0% |
| Total equity and liabilities | 10/49 | €262,391 | €316,534 | +€54,143 | +20.6% |
| Equity | 10/15 | €25,293 | €24,906 | -€388 | -1.5% |
| Reserves | 13 | €12,826 | €14,099 | +€1,272 | +9.9% |
| Distributable reserves | 133 | €12,826 | €14,099 | +€1,272 | +9.9% |
| Profit (loss) carried forward | 14 | €12,467 | €10,807 | -€1,660 | -13.3% |
| Amounts payable | 17/49 | €237,098 | €291,628 | +€54,530 | +23.0% |
| Amounts payable after more than one year | 17 | €10,767 | €34,172 | +€23,406 | +217% |
| Financial debts | 170/4 | €10,767 | €34,172 | +€23,406 | +217% |
| Amounts payable within one year | 42/48 | €226,331 | €257,456 | +€31,125 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €6,192 | €13,323 | +€7,130 | +115% |
| Trade debts | 44 | €165,925 | €138,970 | -€26,955 | -16.2% |
| Suppliers | 440/4 | €165,925 | €138,970 | -€26,955 | -16.2% |
| Taxes, remuneration and social security | 45 | €7,806 | €2,676 | -€5,130 | -65.7% |
| Taxes | 450/3 | €7,806 | €2,676 | -€5,130 | -65.7% |
| Other amounts payable | 47/48 | €46,407 | €102,487 | +€56,079 | +121% |
| Remuneration, social security and pensions | 62 | €30,829 | - | -€30,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,764 | €2,287 | -€477 | -17.3% |
| Other operating charges | 640/8 | €3,073 | €1,160 | -€1,913 | -62.3% |
| Gross operating margin | 9900 | €49,940 | €15,502 | -€34,438 | -69.0% |
| Operating profit (loss) | 9901 | €13,274 | €12,055 | -€1,218 | -9.2% |
| Financial income | 75/76B | €104 | €2,803 | +€2,699 | +2,595% |
| Recurring financial income | 75 | €104 | €2,803 | +€2,699 | +2,595% |
| Financial charges | 65/66B | €11,711 | €12,312 | +€601 | +5.1% |
| Recurring financial charges | 65 | €11,711 | €12,312 | +€601 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €1,667 | €2,547 | +€880 | +52.8% |
| Income taxes | 67/77 | €1,501 | €1,274 | -€227 | -15.1% |
| Profit (loss) for the period | 9904 | €166 | €1,272 | +€1,107 | +668% |
| Profit (loss) for the period to be appropriated | 9905 | €166 | €1,272 | +€1,107 | +668% |
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 14 October 2026 via checked.be.