DISVARNA: 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.
DISVARNA
Largest movements
- Cash -€46,498
down €46,498 (-75.9%), from €61,297 to €14,799
mainly Other debts (-€143,461) and Receivables within one year (-€4,117)
- Tangible fixed assets -€45,523
down €45,523 (-35.0%), from €130,163 to €84,640
of which Land and buildings: -€34,461
- Stocks and contracts -€16,290
down €16,290 (-17.5%), from €93,354 to €77,064
- Receivables within one year +€4,117
up €4,117 (+87.4%), from €4,712 to €8,829
- Other debts -€143,461
down €143,461 (-99.4%), from €144,320 to €859
- Reserves +€36,444
up €36,444 (+32.8%), from €111,103 to €147,547
of which Distributable reserves: +€36,444
- Trade debts +€4,129
up €4,129 (+106%), from €3,903 to €8,032
- Gross operating margin -€18,600
down €18,600 (-14.3%), from €130,185 to €111,584
- Taxes -€5,301
down €5,301 (-27.6%), from €19,223 to €13,922
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 | €290,780 | €187,517 | -€103,263 | -35.5% |
| Fixed assets | 21/28 | €130,263 | €84,740 | -€45,523 | -34.9% |
| Tangible fixed assets | 22/27 | €130,163 | €84,640 | -€45,523 | -35.0% |
| Land and buildings | 22 | €68,921 | €34,461 | -€34,461 | -50.0% |
| Plant, machinery and equipment | 23 | €14,909 | €12,340 | -€2,570 | -17.2% |
| Furniture and vehicles | 24 | €154 | €409 | +€255 | +165% |
| Other tangible fixed assets | 26 | €46,178 | €37,431 | -€8,747 | -18.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €160,518 | €102,777 | -€57,741 | -36.0% |
| Stocks and contracts in progress | 3 | €93,354 | €77,064 | -€16,290 | -17.5% |
| Stocks | 30/36 | €93,354 | €77,064 | -€16,290 | -17.5% |
| Amounts receivable within one year | 40/41 | €4,712 | €8,829 | +€4,117 | +87.4% |
| Other amounts receivable | 41 | €4,712 | €8,829 | +€4,117 | +87.4% |
| Cash at bank and in hand | 54/58 | €61,297 | €14,799 | -€46,498 | -75.9% |
| Deferred charges and accrued income | 490/1 | €1,155 | €2,086 | +€931 | +80.6% |
| Total equity and liabilities | 10/49 | €290,780 | €187,517 | -€103,263 | -35.5% |
| Equity | 10/15 | €129,653 | €166,097 | +€36,444 | +28.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €111,103 | €147,547 | +€36,444 | +32.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €111,103 | €147,547 | +€36,444 | +32.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €161,127 | €21,420 | -€139,707 | -86.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €160,936 | €21,222 | -€139,714 | -86.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,903 | €8,032 | +€4,129 | +106% |
| Suppliers | 440/4 | €3,903 | €8,032 | +€4,129 | +106% |
| Taxes, remuneration and social security | 45 | €12,713 | €12,331 | -€382 | -3.0% |
| Taxes | 450/3 | €12,713 | €8,795 | -€3,918 | -30.8% |
| Remuneration and social security | 454/9 | - | €3,536 | +€3,536 | |
| Other amounts payable | 47/48 | €144,320 | €859 | -€143,461 | -99.4% |
| Accrued charges and deferred income | 492/3 | €191 | €198 | +€7 | +3.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€358 | €0 | +€358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,088 | €48,870 | -€1,218 | -2.4% |
| Other operating charges | 640/8 | €5,174 | €6,411 | +€1,237 | +23.9% |
| Gross operating margin | 9900 | €130,185 | €111,584 | -€18,600 | -14.3% |
| Operating profit (loss) | 9901 | €75,280 | €56,304 | -€18,976 | -25.2% |
| Financial income | 75/76B | €15 | €7 | -€8 | -52.0% |
| Recurring financial income | 75 | €15 | €7 | -€8 | -52.0% |
| Financial charges | 65/66B | €5,261 | €5,087 | -€174 | -3.3% |
| Recurring financial charges | 65 | €5,261 | €5,087 | -€174 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €70,034 | €51,224 | -€18,810 | -26.9% |
| Income taxes | 67/77 | €19,223 | €13,922 | -€5,301 | -27.6% |
| Profit (loss) for the period | 9904 | €50,812 | €37,303 | -€13,509 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,812 | €37,303 | -€13,509 | -26.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.