DIVANTO: 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.
DIVANTO
Largest movements
- Receivables within one year -€119,673
no longer reported in 2025 (was €119,673)
- Cash +€15,473
new in 2025: €15,473
mainly Receivables within one year (+€119,673) and Depreciation (+€12,827)
- Other debts -€97,017
down €97,017 (-95.4%), from €101,747 to €4,730
- Tax, wage and social debts -€17,145
down €17,145 (-97.2%), from €17,638 to €493
- Reserves +€11,975
up €11,975 (+14.2%), from €84,050 to €96,025
- Gross operating margin -€14,193
down €14,193 (-32.5%), from €43,712 to €29,518
- Taxes -€10,595
down €10,595, from €9,058 to -€1,537
- Depreciation +€1,026
up €1,026 (+8.7%), from €11,801 to €12,827
- Other operating charges +€679
up €679 (+12.7%), from €5,342 to €6,021
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 | €304,248 | €202,062 | -€102,186 | -33.6% |
| Fixed assets | 21/28 | €184,574 | €186,589 | +€2,014 | +1.1% |
| Tangible fixed assets | 22/27 | €184,574 | €186,589 | +€2,014 | +1.1% |
| Land and buildings | 22 | €184,574 | €186,589 | +€2,014 | +1.1% |
| Current assets | 29/58 | €119,673 | €15,473 | -€104,201 | -87.1% |
| Amounts receivable within one year | 40/41 | €119,673 | - | -€119,673 | |
| Other amounts receivable | 41 | €119,673 | - | -€119,673 | |
| Cash at bank and in hand | 54/58 | - | €15,473 | +€15,473 | |
| Total equity and liabilities | 10/49 | €304,248 | €202,062 | -€102,186 | -33.6% |
| Equity | 10/15 | €184,863 | €196,839 | +€11,976 | +6.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €84,050 | €96,025 | +€11,975 | +14.2% |
| Distributable reserves | 133 | €84,050 | €96,025 | +€11,975 | +14.2% |
| Profit (loss) carried forward | 14 | €813 | €814 | +€1 | +0.1% |
| Amounts payable | 17/49 | €119,385 | €5,223 | -€114,162 | -95.6% |
| Amounts payable within one year | 42/48 | €119,385 | €5,223 | -€114,162 | -95.6% |
| Taxes, remuneration and social security | 45 | €17,638 | €493 | -€17,145 | -97.2% |
| Taxes | 450/3 | €17,638 | €493 | -€17,145 | -97.2% |
| Other amounts payable | 47/48 | €101,747 | €4,730 | -€97,017 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,801 | €12,827 | +€1,026 | +8.7% |
| Other operating charges | 640/8 | €5,342 | €6,021 | +€679 | +12.7% |
| Gross operating margin | 9900 | €43,712 | €29,518 | -€14,193 | -32.5% |
| Operating profit (loss) | 9901 | €26,569 | €10,670 | -€15,899 | -59.8% |
| Financial charges | 65/66B | - | €230 | +€230 | |
| Recurring financial charges | 65 | - | €230 | +€230 | |
| Profit (loss) for the period before taxes | 9903 | €26,569 | €10,439 | -€16,130 | -60.7% |
| Income taxes | 67/77 | €9,058 | -€1,537 | -€10,595 | |
| Profit (loss) for the period | 9904 | €17,511 | €11,976 | -€5,535 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,511 | €11,976 | -€5,535 | -31.6% |
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 29 September 2026 via checked.be.