DIVATRANS: 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.
DIVATRANS
Largest movements
- Tangible fixed assets +€176,592
up €176,592 (+22.7%), from €778,397 to €954,988
of which Leasing and similar rights: +€206,515
- Receivables within one year +€68,692
up €68,692 (+24.8%), from €277,269 to €345,962
of which Trade receivables: +€68,558
- Cash +€62,067
up €62,067 (+477%), from €13,007 to €75,075
mainly Depreciation (+€212,775) and Debts after one year (+€128,288)
- Debts after one year +€128,288
up €128,288 (+25.3%), from €506,553 to €634,842
- Trade debts +€62,349
up €62,349 (+60.3%), from €103,384 to €165,733
- Tax, wage and social debts +€49,178
up €49,178 (+106%), from €46,604 to €95,782
of which Taxes: +€31,125
- Current portion of long-term debt +€48,434
up €48,434 (+29.0%), from €166,739 to €215,173
- Other debts +€20,755
up €20,755 (+1,834%), from €1,131 to €21,886
- Gross operating margin +€212,318
up €212,318 (+26.3%), from €806,477 to €1.0m
- Staff costs +€164,192
up €164,192 (+29.0%), from €567,128 to €731,320
- Depreciation +€55,971
up €55,971 (+35.7%), from €156,804 to €212,775
- Financial charges +€17,863
up €17,863 (+72.3%), from €24,711 to €42,573
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 | €1,107,313 | €1,423,976 | +€316,663 | +28.6% |
| Fixed assets | 21/28 | €779,087 | €962,133 | +€183,047 | +23.5% |
| Intangible fixed assets | 21 | - | €6,320 | +€6,320 | |
| Tangible fixed assets | 22/27 | €778,397 | €954,988 | +€176,592 | +22.7% |
| Land and buildings | 22 | €183,901 | €159,477 | -€24,424 | -13.3% |
| Plant, machinery and equipment | 23 | €46,559 | €48,151 | +€1,591 | +3.4% |
| Furniture and vehicles | 24 | €152,418 | €145,328 | -€7,090 | -4.7% |
| Leasing and similar rights | 25 | €395,518 | €602,033 | +€206,515 | +52.2% |
| Financial fixed assets | 28 | €690 | €825 | +€135 | +19.6% |
| Current assets | 29/58 | €328,226 | €461,843 | +€133,617 | +40.7% |
| Amounts receivable within one year | 40/41 | €277,269 | €345,962 | +€68,692 | +24.8% |
| Trade receivables | 40 | €277,269 | €345,827 | +€68,558 | +24.7% |
| Other amounts receivable | 41 | - | €135 | +€135 | |
| Cash at bank and in hand | 54/58 | €13,007 | €75,075 | +€62,067 | +477% |
| Deferred charges and accrued income | 490/1 | €37,949 | €40,806 | +€2,857 | +7.5% |
| Total equity and liabilities | 10/49 | €1,107,313 | €1,423,976 | +€316,663 | +28.6% |
| Equity | 10/15 | €282,902 | €290,562 | +€7,660 | +2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €262,902 | €270,562 | +€7,660 | +2.9% |
| Tax-exempt reserves | 132 | €58,795 | €58,795 | = | 0.0% |
| Distributable reserves | 133 | €204,107 | €211,767 | +€7,660 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €824,411 | €1,133,414 | +€309,004 | +37.5% |
| Amounts payable after more than one year | 17 | €506,553 | €634,842 | +€128,288 | +25.3% |
| Financial debts | 170/4 | €506,553 | €634,842 | +€128,288 | +25.3% |
| Amounts payable within one year | 42/48 | €317,858 | €498,573 | +€180,715 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | €166,739 | €215,173 | +€48,434 | +29.0% |
| Trade debts | 44 | €103,384 | €165,733 | +€62,349 | +60.3% |
| Suppliers | 440/4 | €103,384 | €165,733 | +€62,349 | +60.3% |
| Taxes, remuneration and social security | 45 | €46,604 | €95,782 | +€49,178 | +106% |
| Taxes | 450/3 | €26,292 | €57,417 | +€31,125 | +118% |
| Remuneration and social security | 454/9 | €20,312 | €38,365 | +€18,053 | +88.9% |
| Other amounts payable | 47/48 | €1,131 | €21,886 | +€20,755 | +1,834% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €39,500 | €0 | -€39,500 | -100% |
| Remuneration, social security and pensions | 62 | €567,128 | €731,320 | +€164,192 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,804 | €212,775 | +€55,971 | +35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €13,200 | €21,106 | +€7,905 | +59.9% |
| Non-recurring operating charges | 66A | €0 | €1,431 | +€1,431 | |
| Gross operating margin | 9900 | €806,477 | €1,018,796 | +€212,318 | +26.3% |
| Operating profit (loss) | 9901 | €69,344 | €52,164 | -€17,180 | -24.8% |
| Financial income | 75/76B | €4 | €93 | +€89 | +2,224% |
| Recurring financial income | 75 | €4 | €93 | +€89 | +2,224% |
| Financial charges | 65/66B | €24,711 | €42,573 | +€17,863 | +72.3% |
| Recurring financial charges | 65 | €24,711 | €42,573 | +€17,863 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €44,638 | €9,683 | -€34,955 | -78.3% |
| Income taxes | 67/77 | €4,397 | €1,190 | -€3,206 | -72.9% |
| Profit (loss) for the period | 9904 | €40,241 | €8,493 | -€31,748 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,241 | €8,493 | -€31,748 | -78.9% |
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 16 October 2026 via checked.be.