DIVANO: 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.
DIVANO
Largest movements
- Tangible fixed assets -€43,970
down €43,970 (-16.6%), from €264,470 to €220,500
of which Furniture and vehicles: -€36,859
- Receivables within one year +€8,297
up €8,297 (+266.5%), from €3,114 to €11,411
of which Trade receivables: +€8,058
- Cash -€3,742
down €3,742 (-8.9%), from €41,861 to €38,119
mainly Net result for the year (-€29,003) and Other debts (-€11,311)
- Reserves -€29,003
down €29,003 (-34.7%), from €83,547 to €54,544
of which Distributable reserves: -€29,003
- Other debts -€11,311
down €11,311 (-5.7%), from €199,473 to €188,161
- Gross operating margin -€15,470
down €15,470 (-43.5%), from €35,577 to €20,107
- Depreciation -€6,553
down €6,553 (-12.4%), from €53,007 to €46,455
- Financial income -€602
down €602 (-85.9%), from €701 to €99
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 | €325,242 | €284,846 | -€40,396 | -12.4% |
| Fixed assets | 21/28 | €264,470 | €220,500 | -€43,970 | -16.6% |
| Tangible fixed assets | 22/27 | €264,470 | €220,500 | -€43,970 | -16.6% |
| Land and buildings | 22 | €174,858 | €172,076 | -€2,781 | -1.6% |
| Plant, machinery and equipment | 23 | €9,412 | €5,084 | -€4,329 | -46.0% |
| Furniture and vehicles | 24 | €80,200 | €43,340 | -€36,859 | -46.0% |
| Current assets | 29/58 | €60,773 | €64,346 | +€3,573 | +5.9% |
| Stocks and contracts in progress | 3 | €14,750 | €14,750 | = | 0.0% |
| Stocks | 30/36 | €14,750 | €14,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,114 | €11,411 | +€8,297 | +266.5% |
| Trade receivables | 40 | €2,853 | €10,911 | +€8,058 | +282.4% |
| Other amounts receivable | 41 | €261 | €500 | +€239 | +91.6% |
| Cash at bank and in hand | 54/58 | €41,861 | €38,119 | -€3,742 | -8.9% |
| Deferred charges and accrued income | 490/1 | €1,048 | €66 | -€982 | -93.7% |
| Total equity and liabilities | 10/49 | €325,242 | €284,846 | -€40,396 | -12.4% |
| Equity | 10/15 | €118,252 | €89,249 | -€29,003 | -24.5% |
| Contributions | 10/11 | €34,705 | €34,705 | = | 0.0% |
| Reserves | 13 | €83,547 | €54,544 | -€29,003 | -34.7% |
| Tax-exempt reserves | 132 | €13,668 | €13,668 | = | 0.0% |
| Distributable reserves | 133 | €69,880 | €40,877 | -€29,003 | -41.5% |
| Amounts payable | 17/49 | €206,990 | €195,597 | -€11,393 | -5.5% |
| Amounts payable within one year | 42/48 | €206,990 | €195,597 | -€11,393 | -5.5% |
| Trade debts | 44 | €7,517 | €6,873 | -€645 | -8.6% |
| Suppliers | 440/4 | €7,517 | €6,873 | -€645 | -8.6% |
| Taxes, remuneration and social security | 45 | - | €563 | +€563 | |
| Taxes | 450/3 | - | €563 | +€563 | |
| Other amounts payable | 47/48 | €199,473 | €188,161 | -€11,311 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,007 | €46,455 | -€6,553 | -12.4% |
| Other operating charges | 640/8 | €2,466 | €2,578 | +€112 | +4.5% |
| Gross operating margin | 9900 | €35,577 | €20,107 | -€15,470 | -43.5% |
| Operating profit (loss) | 9901 | -€19,896 | -€28,925 | -€9,029 | -45.4% |
| Financial income | 75/76B | €701 | €99 | -€602 | -85.9% |
| Recurring financial income | 75 | €701 | €99 | -€602 | -85.9% |
| Financial charges | 65/66B | €164 | €177 | +€13 | +7.9% |
| Recurring financial charges | 65 | €164 | €177 | +€13 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,360 | -€29,003 | -€9,644 | -49.8% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€19,361 | -€29,003 | -€9,643 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,361 | -€29,003 | -€9,643 | -49.8% |
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 3 October 2026 via checked.be.