DIAZ: 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.
DIAZ
Largest movements
- Tangible fixed assets +€936,663
up €936,663 (+296.7%), from €315,716 to €1.3m
of which Land and buildings: +€880,634
- Receivables within one year +€367,770
up €367,770 (+123853.3%), from €297 to €368,067
of which Other amounts receivable: +€351,836
- Cash +€223,823
up €223,823 (+1878.4%), from €11,915 to €235,739
mainly Net result for the year (+€1.3m) and Provisions (+€461,830)
- Reserves +€1.4m
up €1.4m (+1314.0%), from €105,439 to €1.5m
of which Tax-exempt reserves: +€1.4m
- Provisions +€461,830
new in 2025: €461,830
- Short-term financial debts -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Profit (loss) carried forward -€111,993
down €111,993, from €0 to -€111,993
- Tax, wage and social debts -€39,805
down €39,805 (-62.3%), from €63,931 to €24,126
of which Taxes: -€39,183
- Financial income +€1.9m
up €1.9m (+29321780.0%), from €6 to €1.9m
of which Non-recurring financial income: +€1.9m
- Gross operating margin -€67,882
down €67,882, from €48,915 to -€18,968
- Depreciation +€54,589
up €54,589 (+473.0%), from €11,542 to €66,131
- Other operating charges -€2,750
down €2,750 (-41.1%), from €6,693 to €3,943
- Staff costs +€2,564
up €2,564 (+5.4%), from €47,795 to €50,359
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 | €391,675 | €1,918,630 | +€1.5m | +389.9% |
| Fixed assets | 21/28 | €361,842 | €1,298,505 | +€936,663 | +258.9% |
| Intangible fixed assets | 21 | €45,869 | €45,869 | = | 0.0% |
| Tangible fixed assets | 22/27 | €315,716 | €1,252,379 | +€936,663 | +296.7% |
| Land and buildings | 22 | €315,148 | €1,195,782 | +€880,634 | +279.4% |
| Plant, machinery and equipment | 23 | - | €1,793 | +€1,793 | |
| Furniture and vehicles | 24 | €567 | €54,803 | +€54,235 | +9557.1% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €29,833 | €620,125 | +€590,292 | +1978.7% |
| Stocks and contracts in progress | 3 | €14,157 | €14,747 | +€590 | +4.2% |
| Stocks | 30/36 | €14,157 | €14,747 | +€590 | +4.2% |
| Amounts receivable within one year | 40/41 | €297 | €368,067 | +€367,770 | +123853.3% |
| Trade receivables | 40 | €297 | €16,231 | +€15,934 | +5366.2% |
| Other amounts receivable | 41 | - | €351,836 | +€351,836 | |
| Cash at bank and in hand | 54/58 | €11,915 | €235,739 | +€223,823 | +1878.4% |
| Deferred charges and accrued income | 490/1 | €3,463 | €1,572 | -€1,891 | -54.6% |
| Total equity and liabilities | 10/49 | €391,675 | €1,918,630 | +€1.5m | +389.9% |
| Equity | 10/15 | €124,039 | €1,397,535 | +€1.3m | +1026.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,439 | €1,490,928 | +€1.4m | +1314.0% |
| Non-distributable reserves | 130/1 | €7,089 | €7,089 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,089 | €7,089 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,879 | €1,437,368 | +€1.4m | +2670.6% |
| Distributable reserves | 133 | €46,472 | €46,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€111,993 | -€111,993 | |
| Provisions and deferred taxes | 16 | - | €461,830 | +€461,830 | |
| Deferred taxes | 168 | - | €461,830 | +€461,830 | |
| Amounts payable | 17/49 | €267,636 | €59,265 | -€208,371 | -77.9% |
| Amounts payable after more than one year | 17 | €25,430 | €3,669 | -€21,761 | -85.6% |
| Financial debts | 170/4 | €25,430 | €3,669 | -€21,761 | -85.6% |
| Amounts payable within one year | 42/48 | €242,206 | €55,596 | -€186,609 | -77.0% |
| Current portion of amounts payable after more than one year | 42 | €21,334 | €21,761 | +€428 | +2.0% |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100.0% |
| Credit institutions | 430/8 | €125,000 | €0 | -€125,000 | -100.0% |
| Trade debts | 44 | €29,771 | €4,656 | -€25,115 | -84.4% |
| Suppliers | 440/4 | €29,771 | €4,656 | -€25,115 | -84.4% |
| Taxes, remuneration and social security | 45 | €63,931 | €24,126 | -€39,805 | -62.3% |
| Taxes | 450/3 | €51,537 | €12,354 | -€39,183 | -76.0% |
| Remuneration and social security | 454/9 | €12,394 | €11,773 | -€621 | -5.0% |
| Other amounts payable | 47/48 | €2,171 | €5,053 | +€2,882 | +132.8% |
| Remuneration, social security and pensions | 62 | €47,795 | €50,359 | +€2,564 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,542 | €66,131 | +€54,589 | +473.0% |
| Other operating charges | 640/8 | €6,693 | €3,943 | -€2,750 | -41.1% |
| Gross operating margin | 9900 | €48,915 | -€18,968 | -€67,882 | |
| Operating profit (loss) | 9901 | -€17,116 | -€139,401 | -€122,285 | -714.4% |
| Financial income | 75/76B | €6 | €1,879,533 | +€1.9m | +29321780.0% |
| Recurring financial income | 75 | €6 | €5,081 | +€5,074 | +79164.1% |
| Non-recurring financial income | 76B | €0 | €1,874,452 | +€1.9m | |
| Financial charges | 65/66B | €3,305 | €4,149 | +€844 | +25.5% |
| Recurring financial charges | 65 | €3,305 | €4,149 | +€844 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,415 | €1,735,983 | +€1.8m | |
| Transfer from deferred taxes | 780 | - | €6,783 | +€6,783 | |
| Transfer to deferred taxes | 680 | - | €468,613 | +€468,613 | |
| Income taxes | 67/77 | €787 | €657 | -€130 | -16.5% |
| Profit (loss) for the period | 9904 | -€21,201 | €1,273,496 | +€1.3m | |
| Transfer from tax-exempt reserves | 789 | - | €20,350 | +€20,350 | |
| Transfer to tax-exempt reserves | 689 | - | €1,405,839 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,201 | -€111,993 | -€90,792 | -428.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.