DIVALO: what changed
DIVALO
Largest movements
- Cash +€44,850
up €44,850 (+202%), from €22,208 to €67,058
mainly Net result for the year (+€62,336) and Depreciation (+€16,811)
- Tangible fixed assets -€16,811
down €16,811 (-39.1%), from €43,035 to €26,224
of which Furniture and vehicles: -€13,112
- Reserves +€40,043
up €40,043 (+180%), from €22,293 to €62,336
- Debts after one year -€8,180
down €8,180 (-40.2%), from €20,361 to €12,181
- Other debts -€1,851
down €1,851 (-49.7%), from €3,726 to €1,875
- Trade debts -€1,843
down €1,843 (-86.6%), from €2,129 to €285
- Gross operating margin +€49,909
up €49,909 (+103%), from €48,270 to €98,179
- Taxes +€9,683
up €9,683 (+142%), from €6,825 to €16,508
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,402 | €109,160 | +€27,758 | +34.1% |
| Fixed assets | 21/28 | €43,035 | €26,224 | -€16,811 | -39.1% |
| Tangible fixed assets | 22/27 | €43,035 | €26,224 | -€16,811 | -39.1% |
| Plant, machinery and equipment | 23 | €3,699 | €0 | -€3,699 | -100% |
| Furniture and vehicles | 24 | €39,336 | €26,224 | -€13,112 | -33.3% |
| Current assets | 29/58 | €38,367 | €82,936 | +€44,569 | +116% |
| Amounts receivable within one year | 40/41 | €16,159 | €15,878 | -€281 | -1.7% |
| Trade receivables | 40 | €13,342 | €9,711 | -€3,631 | -27.2% |
| Other amounts receivable | 41 | €2,817 | €6,166 | +€3,350 | +119% |
| Cash at bank and in hand | 54/58 | €22,208 | €67,058 | +€44,850 | +202% |
| Total equity and liabilities | 10/49 | €81,402 | €109,160 | +€27,758 | +34.1% |
| Equity | 10/15 | €40,893 | €80,936 | +€40,043 | +97.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,293 | €62,336 | +€40,043 | +180% |
| Distributable reserves | 133 | €22,293 | €62,336 | +€40,043 | +180% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,509 | €28,224 | -€12,285 | -30.3% |
| Amounts payable after more than one year | 17 | €20,361 | €12,181 | -€8,180 | -40.2% |
| Financial debts | 170/4 | €20,361 | €12,181 | -€8,180 | -40.2% |
| Amounts payable within one year | 42/48 | €20,148 | €16,044 | -€4,104 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €7,851 | €8,180 | +€330 | +4.2% |
| Trade debts | 44 | €2,129 | €285 | -€1,843 | -86.6% |
| Suppliers | 440/4 | €2,129 | €285 | -€1,843 | -86.6% |
| Taxes, remuneration and social security | 45 | €6,443 | €5,703 | -€740 | -11.5% |
| Taxes | 450/3 | €6,443 | €5,703 | -€740 | -11.5% |
| Other amounts payable | 47/48 | €3,726 | €1,875 | -€1,851 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,811 | €16,811 | +€0 | 0.0% |
| Other operating charges | 640/8 | €975 | €1,478 | +€503 | +51.6% |
| Gross operating margin | 9900 | €48,270 | €98,179 | +€49,909 | +103% |
| Operating profit (loss) | 9901 | €30,484 | €79,891 | +€49,406 | +162% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €1,366 | €1,049 | -€316 | -23.2% |
| Recurring financial charges | 65 | €1,366 | €1,049 | -€316 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €29,118 | €78,844 | +€49,726 | +171% |
| Income taxes | 67/77 | €6,825 | €16,508 | +€9,683 | +142% |
| Profit (loss) for the period | 9904 | €22,293 | €62,336 | +€40,043 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €22,293 | €62,336 | +€40,043 | +180% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.