DIVAX: 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.
DIVAX
Largest movements
- Cash -€570,381
down €570,381 (-96.1%), from €593,684 to €23,303
mainly Current investments (-€545,000) and Tax, wage and social debts (-€63,212)
- Current investments +€545,000
up €545,000 (+273%), from €200,000 to €745,000
- Tangible fixed assets -€9,753
down €9,753 (-90.6%), from €10,761 to €1,007
of which Furniture and vehicles: -€9,753
- Tax, wage and social debts -€63,212
down €63,212 (-98.6%), from €64,096 to €884
- Trade debts +€58,764
up €58,764 (+1,139%), from €5,157 to €63,921
- Other debts -€14,841
down €14,841 (-51.6%), from €28,753 to €13,913
- Gross operating margin -€401,913
down €401,913 (-99.5%), from €403,748 to €1,835
- Taxes -€139,406
down €139,406 (-99.9%), from €139,571 to €165
- Financial charges -€7,389
down €7,389 (-83.8%), from €8,817 to €1,428
- Financial income +€4,922
up €4,922 (+335%), from €1,468 to €6,390
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 | €806,071 | €773,934 | -€32,137 | -4.0% |
| Fixed assets | 21/28 | €10,761 | €1,007 | -€9,753 | -90.6% |
| Tangible fixed assets | 22/27 | €10,761 | €1,007 | -€9,753 | -90.6% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,761 | €1,007 | -€9,753 | -90.6% |
| Current assets | 29/58 | €795,310 | €772,926 | -€22,384 | -2.8% |
| Amounts receivable within one year | 40/41 | €678 | €3,576 | +€2,899 | +428% |
| Trade receivables | 40 | €678 | €1,824 | +€1,147 | +169% |
| Other amounts receivable | 41 | €0 | €1,752 | +€1,752 | |
| Current investments | 50/53 | €200,000 | €745,000 | +€545,000 | +273% |
| Cash at bank and in hand | 54/58 | €593,684 | €23,303 | -€570,381 | -96.1% |
| Deferred charges and accrued income | 490/1 | €949 | €1,047 | +€99 | +10.4% |
| Total equity and liabilities | 10/49 | €806,071 | €773,934 | -€32,137 | -4.0% |
| Equity | 10/15 | €699,365 | €693,882 | -€5,483 | -0.8% |
| Contributions | 10/11 | €30,480 | €30,480 | = | 0.0% |
| Reserves | 13 | €668,885 | €663,402 | -€5,483 | -0.8% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €668,885 | €663,402 | -€5,483 | -0.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €106,705 | €80,052 | -€26,654 | -25.0% |
| Amounts payable within one year | 42/48 | €98,006 | €78,718 | -€19,289 | -19.7% |
| Trade debts | 44 | €5,157 | €63,921 | +€58,764 | +1,139% |
| Suppliers | 440/4 | €5,157 | €63,921 | +€58,764 | +1,139% |
| Taxes, remuneration and social security | 45 | €64,096 | €884 | -€63,212 | -98.6% |
| Taxes | 450/3 | €64,096 | €884 | -€63,212 | -98.6% |
| Other amounts payable | 47/48 | €28,753 | €13,913 | -€14,841 | -51.6% |
| Accrued charges and deferred income | 492/3 | €8,699 | €1,334 | -€7,365 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,348 | €10,639 | +€291 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,393 | €1,476 | -€2,917 | -66.4% |
| Gross operating margin | 9900 | €403,748 | €1,835 | -€401,913 | -99.5% |
| Operating profit (loss) | 9901 | €389,007 | -€10,281 | -€399,288 | |
| Financial income | 75/76B | €1,468 | €6,390 | +€4,922 | +335% |
| Recurring financial income | 75 | €1,468 | €6,390 | +€4,922 | +335% |
| Financial charges | 65/66B | €8,817 | €1,428 | -€7,389 | -83.8% |
| Recurring financial charges | 65 | €8,817 | €1,428 | -€7,389 | -83.8% |
| Profit (loss) for the period before taxes | 9903 | €381,659 | -€5,318 | -€386,977 | |
| Transfer from deferred taxes | 780 | €12,282 | €0 | -€12,282 | -100% |
| Income taxes | 67/77 | €139,571 | €165 | -€139,406 | -99.9% |
| Profit (loss) for the period | 9904 | €254,370 | -€5,483 | -€259,853 | |
| Transfer from tax-exempt reserves | 789 | €31,056 | €0 | -€31,056 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €285,426 | -€5,483 | -€290,909 |
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 18 October 2026 via checked.be.