DIVAMA: 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.
DIVAMA
Largest movements
- Cash +€374,457
up €374,457 (+554%), from €67,633 to €442,090
mainly Net result for the year (+€232,544) and Provisions (+€78,025)
- Tangible fixed assets -€47,121
down €47,121 (-93.5%), from €50,411 to €3,290
of which Land and buildings: -€49,277
- Reserves +€234,076
up €234,076 (+4,248%), from €5,511 to €239,587
of which Tax-exempt reserves: +€234,076
- Provisions +€78,025
new in 2025: €78,025
- Other debts +€14,866
up €14,866 (+26.8%), from €55,424 to €70,289
- Gross operating margin +€295,563
up €295,563 (+1,472%), from €20,080 to €315,643
- Depreciation -€7,221
down €7,221 (-78.0%), from €9,255 to €2,034
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 | €125,534 | €449,732 | +€324,198 | +258% |
| Fixed assets | 21/28 | €50,441 | €3,320 | -€47,121 | -93.4% |
| Tangible fixed assets | 22/27 | €50,411 | €3,290 | -€47,121 | -93.5% |
| Land and buildings | 22 | €49,277 | - | -€49,277 | |
| Furniture and vehicles | 24 | €1,134 | €3,290 | +€2,156 | +190% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €75,093 | €446,412 | +€371,319 | +494% |
| Amounts receivable within one year | 40/41 | €6,219 | €3,270 | -€2,949 | -47.4% |
| Trade receivables | 40 | €6,219 | €1,432 | -€4,786 | -77.0% |
| Other amounts receivable | 41 | - | €1,838 | +€1,838 | |
| Cash at bank and in hand | 54/58 | €67,633 | €442,090 | +€374,457 | +554% |
| Deferred charges and accrued income | 490/1 | €1,242 | €1,052 | -€189 | -15.3% |
| Total equity and liabilities | 10/49 | €125,534 | €449,732 | +€324,198 | +258% |
| Equity | 10/15 | €60,964 | €293,508 | +€232,544 | +381% |
| Reserves | 13 | €5,511 | €239,587 | +€234,076 | +4,248% |
| Tax-exempt reserves | 132 | - | €234,076 | +€234,076 | |
| Distributable reserves | 133 | €5,511 | €5,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,453 | €53,921 | -€1,532 | -2.8% |
| Provisions and deferred taxes | 16 | - | €78,025 | +€78,025 | |
| Deferred taxes | 168 | - | €78,025 | +€78,025 | |
| Amounts payable | 17/49 | €64,570 | €78,199 | +€13,629 | +21.1% |
| Amounts payable within one year | 42/48 | €64,570 | €78,199 | +€13,629 | +21.1% |
| Trade debts | 44 | €174 | - | -€174 | |
| Suppliers | 440/4 | €174 | - | -€174 | |
| Taxes, remuneration and social security | 45 | €8,973 | €7,909 | -€1,064 | -11.9% |
| Taxes | 450/3 | €8,973 | €7,909 | -€1,064 | -11.9% |
| Other amounts payable | 47/48 | €55,424 | €70,289 | +€14,866 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,255 | €2,034 | -€7,221 | -78.0% |
| Other operating charges | 640/8 | €1,610 | €1,662 | +€52 | +3.2% |
| Gross operating margin | 9900 | €20,080 | €315,643 | +€295,563 | +1,472% |
| Operating profit (loss) | 9901 | €9,215 | €311,946 | +€302,731 | +3,285% |
| Financial income | 75/76B | €27 | €323 | +€296 | +1,094% |
| Recurring financial income | 75 | €27 | €323 | +€296 | +1,094% |
| Financial charges | 65/66B | €146 | €99 | -€47 | -32.0% |
| Recurring financial charges | 65 | €146 | €99 | -€47 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €9,097 | €312,171 | +€303,074 | +3,332% |
| Transfer to deferred taxes | 680 | - | €78,025 | +€78,025 | |
| Income taxes | 67/77 | €3,586 | €1,601 | -€1,985 | -55.4% |
| Profit (loss) for the period | 9904 | €5,511 | €232,544 | +€227,033 | +4,120% |
| Transfer to tax-exempt reserves | 689 | - | €234,076 | +€234,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,511 | -€1,532 | -€7,043 |
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 15 October 2026 via checked.be.