DIVANAILS: 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.
DIVANAILS
Largest movements
- Cash +€7,996
up €7,996 (+140.1%), from €5,709 to €13,706
mainly Tax, wage and social debts (+€11,242) and Other debts (+€7,872)
- Tangible fixed assets -€6,239
down €6,239 (-35.0%), from €17,804 to €11,565
of which Other tangible fixed assets: -€5,698
- Stocks and contracts -€6,083
down €6,083 (-26.6%), from €22,890 to €16,807
- Receivables within one year -€569
down €569 (-31.5%), from €1,809 to €1,240
- Profit (loss) carried forward -€18,119
down €18,119 (-28.7%), from -€63,223 to -€81,343
- Tax, wage and social debts +€11,242
up €11,242 (+329.7%), from €3,410 to €14,652
of which Remuneration and social security: +€10,200
- Other debts +€7,872
up €7,872 (+16.7%), from €47,258 to €55,130
- Debts after one year -€3,938
down €3,938 (-40.4%), from €9,744 to €5,806
- Accrued charges and deferred income -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€2,907
down €2,907 (-45.5%), from -€6,396 to -€9,303
- Other operating charges -€1,149
down €1,149 (-39.2%), from €2,928 to €1,779
- Depreciation -€379
down €379 (-5.7%), from €6,618 to €6,239
- Financial charges -€178
down €178 (-23.4%), from €761 to €583
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 | €48,235 | €43,341 | -€4,894 | -10.1% |
| Fixed assets | 21/28 | €17,804 | €11,565 | -€6,239 | -35.0% |
| Tangible fixed assets | 22/27 | €17,804 | €11,565 | -€6,239 | -35.0% |
| Plant, machinery and equipment | 23 | €320 | - | -€320 | |
| Furniture and vehicles | 24 | €221 | - | -€221 | |
| Other tangible fixed assets | 26 | €17,263 | €11,565 | -€5,698 | -33.0% |
| Current assets | 29/58 | €30,431 | €31,776 | +€1,344 | +4.4% |
| Stocks and contracts in progress | 3 | €22,890 | €16,807 | -€6,083 | -26.6% |
| Stocks | 30/36 | €22,890 | €16,807 | -€6,083 | -26.6% |
| Amounts receivable within one year | 40/41 | €1,809 | €1,240 | -€569 | -31.5% |
| Trade receivables | 40 | €1,809 | €1,240 | -€569 | -31.5% |
| Current investments | 50/53 | €23 | €23 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,709 | €13,706 | +€7,996 | +140.1% |
| Total equity and liabilities | 10/49 | €48,235 | €43,341 | -€4,894 | -10.1% |
| Equity | 10/15 | -€19,663 | -€37,783 | -€18,119 | -92.1% |
| Contributions | 10/11 | €39,600 | €39,600 | = | 0.0% |
| Reserves | 13 | €3,960 | €3,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,960 | €3,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,960 | €3,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,223 | -€81,343 | -€18,119 | -28.7% |
| Amounts payable | 17/49 | €67,898 | €81,124 | +€13,225 | +19.5% |
| Amounts payable after more than one year | 17 | €9,744 | €5,806 | -€3,938 | -40.4% |
| Financial debts | 170/4 | €9,744 | €5,806 | -€3,938 | -40.4% |
| Amounts payable within one year | 42/48 | €56,155 | €75,318 | +€19,163 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €4,179 | €4,249 | +€70 | +1.7% |
| Trade debts | 44 | €1,307 | €1,287 | -€21 | -1.6% |
| Suppliers | 440/4 | €1,307 | €1,287 | -€21 | -1.6% |
| Taxes, remuneration and social security | 45 | €3,410 | €14,652 | +€11,242 | +329.7% |
| Taxes | 450/3 | €1,710 | €2,752 | +€1,042 | +60.9% |
| Remuneration and social security | 454/9 | €1,700 | €11,900 | +€10,200 | +600.0% |
| Other amounts payable | 47/48 | €47,258 | €55,130 | +€7,872 | +16.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,618 | €6,239 | -€379 | -5.7% |
| Other operating charges | 640/8 | €2,928 | €1,779 | -€1,149 | -39.2% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | -€6,396 | -€9,303 | -€2,907 | -45.5% |
| Operating profit (loss) | 9901 | -€15,942 | -€17,378 | -€1,436 | -9.0% |
| Financial income | 75/76B | €1 | €1 | +€0 | +62.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +62.7% |
| Financial charges | 65/66B | €761 | €583 | -€178 | -23.4% |
| Recurring financial charges | 65 | €761 | €583 | -€178 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,702 | -€17,960 | -€1,258 | -7.5% |
| Income taxes | 67/77 | €148 | €159 | +€11 | +7.4% |
| Profit (loss) for the period | 9904 | -€16,850 | -€18,119 | -€1,269 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,850 | -€18,119 | -€1,269 | -7.5% |
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 8 October 2026 via checked.be.