DIVARODA: 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.
DIVARODA
Largest movements
- Receivables after one year +€30,000
up €30,000 (+24.0%), from €125,000 to €155,000
- Cash -€7,324
no longer reported in 2025 (was €7,324)
mainly Receivables after one year (-€30,000) and Contributions, distributions and other (-€8,805)
- Receivables within one year +€5,203
up €5,203 (+24.3%), from €21,451 to €26,653
of which Other amounts receivable: +€6,331
- Reserves +€38,767
up €38,767 (+57.1%), from €67,838 to €106,605
- Trade debts -€4,347
down €4,347 (-46.3%), from €9,387 to €5,040
- Debts after one year -€4,222
down €4,222 (-5.0%), from €84,722 to €80,500
- Tax, wage and social debts -€3,042
down €3,042 (-36.2%), from €8,414 to €5,371
- Short-term financial debts +€2,426
new in 2025: €2,426
- Financial income +€7,427
up €7,427 (+313%), from €2,373 to €9,800
- Gross operating margin +€4,798
up €4,798 (+7.7%), from €62,127 to €66,925
- Financial charges +€3,818
up €3,818 (+109%), from €3,507 to €7,325
- Taxes -€940
down €940 (-4.4%), from €21,182 to €20,242
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
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 | €200,603 | €229,170 | +€28,567 | +14.2% |
| Fixed assets | 21/28 | €46,692 | €47,102 | +€410 | +0.9% |
| Tangible fixed assets | 22/27 | €1,315 | €1,724 | +€410 | +31.2% |
| Plant, machinery and equipment | 23 | €1,315 | €1,724 | +€410 | +31.2% |
| Financial fixed assets | 28 | €45,377 | €45,377 | = | 0.0% |
| Current assets | 29/58 | €153,911 | €182,069 | +€28,157 | +18.3% |
| Amounts receivable after more than one year | 29 | €125,000 | €155,000 | +€30,000 | +24.0% |
| Other amounts receivable | 291 | €125,000 | €155,000 | +€30,000 | +24.0% |
| Amounts receivable within one year | 40/41 | €21,451 | €26,653 | +€5,203 | +24.3% |
| Trade receivables | 40 | €10,890 | €9,762 | -€1,128 | -10.4% |
| Other amounts receivable | 41 | €10,561 | €16,891 | +€6,331 | +59.9% |
| Cash at bank and in hand | 54/58 | €7,324 | - | -€7,324 | |
| Deferred charges and accrued income | 490/1 | €137 | €415 | +€278 | +202% |
| Total equity and liabilities | 10/49 | €200,603 | €229,170 | +€28,567 | +14.2% |
| Equity | 10/15 | €74,038 | €112,805 | +€38,767 | +52.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,838 | €106,605 | +€38,767 | +57.1% |
| Distributable reserves | 133 | €67,838 | €106,605 | +€38,767 | +57.1% |
| Amounts payable | 17/49 | €126,565 | €116,365 | -€10,200 | -8.1% |
| Amounts payable after more than one year | 17 | €84,722 | €80,500 | -€4,222 | -5.0% |
| Financial debts | 170/4 | €84,722 | €80,500 | -€4,222 | -5.0% |
| Amounts payable within one year | 42/48 | €41,843 | €35,865 | -€5,978 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €13,996 | €14,222 | +€226 | +1.6% |
| Financial debts | 43 | - | €2,426 | +€2,426 | |
| Credit institutions | 430/8 | - | €2,426 | +€2,426 | |
| Trade debts | 44 | €9,387 | €5,040 | -€4,347 | -46.3% |
| Suppliers | 440/4 | €9,387 | €5,040 | -€4,347 | -46.3% |
| Taxes, remuneration and social security | 45 | €8,414 | €5,371 | -€3,042 | -36.2% |
| Taxes | 450/3 | €8,414 | €5,371 | -€3,042 | -36.2% |
| Other amounts payable | 47/48 | €10,046 | €8,805 | -€1,240 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661 | €955 | +€294 | +44.4% |
| Other operating charges | 640/8 | €347 | €631 | +€284 | +81.8% |
| Gross operating margin | 9900 | €62,127 | €66,925 | +€4,798 | +7.7% |
| Operating profit (loss) | 9901 | €61,119 | €65,339 | +€4,220 | +6.9% |
| Financial income | 75/76B | €2,373 | €9,800 | +€7,427 | +313% |
| Recurring financial income | 75 | €2,373 | €9,800 | +€7,427 | +313% |
| Financial charges | 65/66B | €3,507 | €7,325 | +€3,818 | +109% |
| Recurring financial charges | 65 | €3,507 | €7,325 | +€3,818 | +109% |
| Profit (loss) for the period before taxes | 9903 | €59,985 | €67,814 | +€7,829 | +13.1% |
| Income taxes | 67/77 | €21,182 | €20,242 | -€940 | -4.4% |
| Profit (loss) for the period | 9904 | €38,803 | €47,572 | +€8,769 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,803 | €47,572 | +€8,769 | +22.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.