Divaro: 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.
Divaro
Largest movements
- Receivables within one year +€27,266
up €27,266 (+80.9%), from €33,718 to €60,984
of which Trade receivables: +€19,601
- Cash -€9,821
down €9,821 (-10.9%), from €90,019 to €80,198
mainly Receivables within one year (-€27,266) and Tax, wage and social debts (-€9,968)
- Tangible fixed assets -€2,777
down €2,777 (-20.6%), from €13,471 to €10,694
of which Furniture and vehicles: -€3,299
- Reserves +€28,105
up €28,105 (+25.7%), from €109,354 to €137,459
of which Distributable reserves: +€28,105
- Tax, wage and social debts -€9,968
down €9,968 (-77.1%), from €12,936 to €2,968
of which Taxes: -€10,468
- Trade debts -€2,253
down €2,253 (-78.1%), from €2,885 to €632
- Gross operating margin +€7,474
up €7,474 (+19.0%), from €39,432 to €46,907
- Taxes +€1,847
up €1,847 (+18.4%), from €10,042 to €11,889
- Depreciation -€1,262
down €1,262 (-22.1%), from €5,705 to €4,444
- Financial income -€1,146
down €1,146 (-69.1%), from €1,657 to €511
- Other operating charges +€556
up €556 (+25.6%), from €2,170 to €2,726
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 | €138,887 | €153,677 | +€14,791 | +10.6% |
| Fixed assets | 21/28 | €13,471 | €10,694 | -€2,777 | -20.6% |
| Tangible fixed assets | 22/27 | €13,471 | €10,694 | -€2,777 | -20.6% |
| Plant, machinery and equipment | 23 | €1,569 | €2,490 | +€920 | +58.7% |
| Furniture and vehicles | 24 | €10,750 | €7,451 | -€3,299 | -30.7% |
| Other tangible fixed assets | 26 | €1,151 | €753 | -€398 | -34.6% |
| Current assets | 29/58 | €125,416 | €142,984 | +€17,568 | +14.0% |
| Amounts receivable within one year | 40/41 | €33,718 | €60,984 | +€27,266 | +80.9% |
| Trade receivables | 40 | €21,034 | €40,636 | +€19,601 | +93.2% |
| Other amounts receivable | 41 | €12,683 | €20,348 | +€7,665 | +60.4% |
| Cash at bank and in hand | 54/58 | €90,019 | €80,198 | -€9,821 | -10.9% |
| Deferred charges and accrued income | 490/1 | €1,680 | €1,802 | +€122 | +7.3% |
| Total equity and liabilities | 10/49 | €138,887 | €153,677 | +€14,791 | +10.6% |
| Equity | 10/15 | €121,754 | €149,859 | +€28,105 | +23.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €109,354 | €137,459 | +€28,105 | +25.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,494 | €135,599 | +€28,105 | +26.1% |
| Amounts payable | 17/49 | €17,133 | €3,818 | -€13,315 | -77.7% |
| Amounts payable within one year | 42/48 | €16,680 | €3,600 | -€13,080 | -78.4% |
| Trade debts | 44 | €2,885 | €632 | -€2,253 | -78.1% |
| Suppliers | 440/4 | €2,885 | €632 | -€2,253 | -78.1% |
| Taxes, remuneration and social security | 45 | €12,936 | €2,968 | -€9,968 | -77.1% |
| Taxes | 450/3 | €11,436 | €968 | -€10,468 | -91.5% |
| Remuneration and social security | 454/9 | €1,500 | €2,000 | +€500 | +33.3% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €453 | €218 | -€235 | -51.9% |
| Non-recurring operating income | 76A | €3,344 | - | -€3,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,705 | €4,444 | -€1,262 | -22.1% |
| Other operating charges | 640/8 | €2,170 | €2,726 | +€556 | +25.6% |
| Gross operating margin | 9900 | €39,432 | €46,907 | +€7,474 | +19.0% |
| Operating profit (loss) | 9901 | €31,557 | €39,737 | +€8,180 | +25.9% |
| Financial income | 75/76B | €1,657 | €511 | -€1,146 | -69.1% |
| Recurring financial income | 75 | €1,657 | €511 | -€1,146 | -69.1% |
| Financial charges | 65/66B | €451 | €254 | -€197 | -43.7% |
| Recurring financial charges | 65 | €451 | €254 | -€197 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €32,763 | €39,994 | +€7,232 | +22.1% |
| Income taxes | 67/77 | €10,042 | €11,889 | +€1,847 | +18.4% |
| Profit (loss) for the period | 9904 | €22,720 | €28,105 | +€5,385 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,720 | €28,105 | +€5,385 | +23.7% |
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.