DIVARI: 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.
DIVARI
Largest movements
- Receivables within one year +€16,997
up €16,997 (+15.0%), from €113,247 to €130,244
of which Other amounts receivable: +€20,225
- Tangible fixed assets -€7,825
down €7,825 (-52.9%), from €14,802 to €6,977
- Reserves +€18,017
up €18,017 (+33.9%), from €53,213 to €71,230
- Tax, wage and social debts +€8,252
up €8,252 (+59.5%), from €13,859 to €22,111
- Current portion of long-term debt -€7,676
down €7,676 (-100%), from €7,676 to €0
- Trade debts -€7,534
down €7,534 (-37.6%), from €20,023 to €12,489
- Short-term financial debts -€2,436
down €2,436 (-16.3%), from €14,977 to €12,541
- Gross operating margin -€9,759
down €9,759 (-22.4%), from €43,563 to €33,804
- Depreciation -€4,213
down €4,213 (-34.0%), from €12,398 to €8,185
- Taxes -€3,310
down €3,310 (-27.2%), from €12,183 to €8,874
- Other operating charges +€1,445
up €1,445 (+193%), from €750 to €2,196
- Financial income +€949
up €949 (+16.1%), from €5,884 to €6,832
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,349 | €137,521 | +€9,172 | +7.1% |
| Fixed assets | 21/28 | €15,102 | €7,277 | -€7,825 | -51.8% |
| Tangible fixed assets | 22/27 | €14,802 | €6,977 | -€7,825 | -52.9% |
| Land and buildings | 22 | €1,118 | €620 | -€498 | -44.6% |
| Plant, machinery and equipment | 23 | €9,596 | €6,139 | -€3,457 | -36.0% |
| Furniture and vehicles | 24 | €4,088 | €219 | -€3,869 | -94.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €113,247 | €130,244 | +€16,997 | +15.0% |
| Amounts receivable within one year | 40/41 | €113,247 | €130,244 | +€16,997 | +15.0% |
| Trade receivables | 40 | €4,000 | €772 | -€3,228 | -80.7% |
| Other amounts receivable | 41 | €109,247 | €129,472 | +€20,225 | +18.5% |
| Total equity and liabilities | 10/49 | €128,349 | €137,521 | +€9,172 | +7.1% |
| Equity | 10/15 | €71,813 | €89,830 | +€18,017 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,213 | €71,230 | +€18,017 | +33.9% |
| Distributable reserves | 133 | €53,213 | €71,230 | +€18,017 | +33.9% |
| Amounts payable | 17/49 | €56,536 | €47,691 | -€8,845 | -15.6% |
| Amounts payable within one year | 42/48 | €56,536 | €47,141 | -€9,395 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €7,676 | €0 | -€7,676 | -100% |
| Financial debts | 43 | €14,977 | €12,541 | -€2,436 | -16.3% |
| Credit institutions | 430/8 | €14,977 | €12,541 | -€2,436 | -16.3% |
| Trade debts | 44 | €20,023 | €12,489 | -€7,534 | -37.6% |
| Suppliers | 440/4 | €20,023 | €12,489 | -€7,534 | -37.6% |
| Taxes, remuneration and social security | 45 | €13,859 | €22,111 | +€8,252 | +59.5% |
| Taxes | 450/3 | €13,859 | €22,111 | +€8,252 | +59.5% |
| Accrued charges and deferred income | 492/3 | - | €550 | +€550 | |
| Non-recurring operating income | 76A | €13,021 | €0 | -€13,021 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,398 | €8,185 | -€4,213 | -34.0% |
| Other operating charges | 640/8 | €750 | €2,196 | +€1,445 | +193% |
| Gross operating margin | 9900 | €43,563 | €33,804 | -€9,759 | -22.4% |
| Operating profit (loss) | 9901 | €30,415 | €23,424 | -€6,991 | -23.0% |
| Financial income | 75/76B | €5,884 | €6,832 | +€949 | +16.1% |
| Recurring financial income | 75 | €5,884 | €6,832 | +€949 | +16.1% |
| Financial charges | 65/66B | €3,816 | €3,366 | -€450 | -11.8% |
| Recurring financial charges | 65 | €3,816 | €3,366 | -€450 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €32,483 | €26,890 | -€5,593 | -17.2% |
| Income taxes | 67/77 | €12,183 | €8,874 | -€3,310 | -27.2% |
| Profit (loss) for the period | 9904 | €20,300 | €18,017 | -€2,283 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,300 | €18,017 | -€2,283 | -11.2% |
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 25 October 2026 via checked.be.