Divak: 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.
Divak
Largest movements
- Tangible fixed assets -€14,847
down €14,847 (-3.6%), from €415,642 to €400,795
of which Land and buildings: -€14,847
- Other debts -€139,142
down €139,142 (-89.7%), from €155,198 to €16,056
- Debts after one year +€123,304
up €123,304 (+55.6%), from €221,662 to €344,966
- Reserves +€9,318
up €9,318 (+16.8%), from €55,535 to €64,853
of which Distributable reserves: +€9,318
- Trade debts -€8,093
down €8,093 (-63.5%), from €12,738 to €4,646
- Gross operating margin -€12,628
down €12,628 (-24.9%), from €50,660 to €38,032
- Other operating charges -€3,567
down €3,567 (-73.2%), from €4,874 to €1,307
- Taxes +€1,747
up €1,747 (+53.8%), from €3,250 to €4,998
- Financial charges +€1,715
up €1,715 (+29.3%), from €5,848 to €7,563
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 | €469,302 | €458,638 | -€10,664 | -2.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €465,642 | €450,795 | -€14,847 | -3.2% |
| Tangible fixed assets | 22/27 | €415,642 | €400,795 | -€14,847 | -3.6% |
| Land and buildings | 22 | €415,642 | €400,795 | -€14,847 | -3.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €3,660 | €7,844 | +€4,183 | +114.3% |
| Amounts receivable within one year | 40/41 | €266 | €266 | = | 0.0% |
| Other amounts receivable | 41 | €266 | €266 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,269 | €5,230 | +€3,961 | +312.2% |
| Deferred charges and accrued income | 490/1 | €2,126 | €2,348 | +€222 | +10.5% |
| Total equity and liabilities | 10/49 | €469,302 | €458,638 | -€10,664 | -2.3% |
| Equity | 10/15 | €58,035 | €67,353 | +€9,318 | +16.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €55,535 | €64,853 | +€9,318 | +16.8% |
| Tax-exempt reserves | 132 | €6,974 | €6,974 | = | 0.0% |
| Distributable reserves | 133 | €48,562 | €57,879 | +€9,318 | +19.2% |
| Amounts payable | 17/49 | €411,267 | €391,286 | -€19,981 | -4.9% |
| Amounts payable after more than one year | 17 | €221,662 | €344,966 | +€123,304 | +55.6% |
| Financial debts | 170/4 | €221,662 | €344,966 | +€123,304 | +55.6% |
| Amounts payable within one year | 42/48 | €189,605 | €46,319 | -€143,285 | -75.6% |
| Current portion of amounts payable after more than one year | 42 | €16,416 | €16,696 | +€280 | +1.7% |
| Trade debts | 44 | €12,738 | €4,646 | -€8,093 | -63.5% |
| Suppliers | 440/4 | €12,738 | €4,646 | -€8,093 | -63.5% |
| Taxes, remuneration and social security | 45 | €5,253 | €8,922 | +€3,669 | +69.9% |
| Taxes | 450/3 | €5,253 | €8,922 | +€3,669 | +69.9% |
| Other amounts payable | 47/48 | €155,198 | €16,056 | -€139,142 | -89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,093 | €14,847 | -€246 | -1.6% |
| Other operating charges | 640/8 | €4,874 | €1,307 | -€3,567 | -73.2% |
| Gross operating margin | 9900 | €50,660 | €38,032 | -€12,628 | -24.9% |
| Operating profit (loss) | 9901 | €30,693 | €21,878 | -€8,815 | -28.7% |
| Financial charges | 65/66B | €5,848 | €7,563 | +€1,715 | +29.3% |
| Recurring financial charges | 65 | €5,848 | €7,563 | +€1,715 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €24,845 | €14,315 | -€10,530 | -42.4% |
| Income taxes | 67/77 | €3,250 | €4,998 | +€1,747 | +53.8% |
| Profit (loss) for the period | 9904 | €21,595 | €9,318 | -€12,277 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,595 | €9,318 | -€12,277 | -56.9% |
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 10 October 2026 via checked.be.