DIVAZE: 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.
DIVAZE
Largest movements
- Receivables within one year -€77,495
down €77,495 (-54.6%), from €141,981 to €64,486
of which Other amounts receivable: -€66,538
- Cash +€16,057
up €16,057 (+46.0%), from €34,868 to €50,925
mainly Receivables within one year (+€77,495) and Net result for the year (+€40,037)
- Tangible fixed assets -€10,321
down €10,321 (-4.0%), from €258,266 to €247,945
of which Land and buildings: -€7,782
- Other debts -€91,921
down €91,921 (-82.1%), from €112,016 to €20,095
- Reserves +€40,037
up €40,037 (+16.1%), from €248,134 to €288,171
- Debts after one year -€15,830
down €15,830 (-70.4%), from €22,489 to €6,659
- Trade debts -€7,146
down €7,146 (-81.6%), from €8,761 to €1,615
- Gross operating margin -€9,656
down €9,656 (-10.2%), from €94,962 to €85,305
- Taxes +€3,132
up €3,132 (+16.3%), from €19,249 to €22,381
- Financial charges -€2,574
down €2,574 (-20.9%), from €12,317 to €9,743
- Depreciation -€2,307
down €2,307 (-18.3%), from €12,628 to €10,321
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 | €440,516 | €365,235 | -€75,281 | -17.1% |
| Fixed assets | 21/28 | €258,266 | €247,945 | -€10,321 | -4.0% |
| Tangible fixed assets | 22/27 | €258,266 | €247,945 | -€10,321 | -4.0% |
| Land and buildings | 22 | €253,781 | €245,998 | -€7,782 | -3.1% |
| Plant, machinery and equipment | 23 | €1,932 | €1,391 | -€541 | -28.0% |
| Furniture and vehicles | 24 | €2,553 | €556 | -€1,997 | -78.2% |
| Current assets | 29/58 | €182,250 | €117,290 | -€64,960 | -35.6% |
| Amounts receivable within one year | 40/41 | €141,981 | €64,486 | -€77,495 | -54.6% |
| Trade receivables | 40 | €35,432 | €24,475 | -€10,958 | -30.9% |
| Other amounts receivable | 41 | €106,549 | €40,011 | -€66,538 | -62.4% |
| Cash at bank and in hand | 54/58 | €34,868 | €50,925 | +€16,057 | +46.0% |
| Deferred charges and accrued income | 490/1 | €5,401 | €1,879 | -€3,522 | -65.2% |
| Total equity and liabilities | 10/49 | €440,516 | €365,235 | -€75,281 | -17.1% |
| Equity | 10/15 | €266,734 | €306,771 | +€40,037 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248,134 | €288,171 | +€40,037 | +16.1% |
| Distributable reserves | 133 | €248,134 | €288,171 | +€40,037 | +16.1% |
| Amounts payable | 17/49 | €173,782 | €58,464 | -€115,318 | -66.4% |
| Amounts payable after more than one year | 17 | €22,489 | €6,659 | -€15,830 | -70.4% |
| Financial debts | 170/4 | €22,489 | €6,659 | -€15,830 | -70.4% |
| Amounts payable within one year | 42/48 | €151,293 | €51,805 | -€99,488 | -65.8% |
| Current portion of amounts payable after more than one year | 42 | €15,620 | €15,830 | +€210 | +1.3% |
| Trade debts | 44 | €8,761 | €1,615 | -€7,146 | -81.6% |
| Suppliers | 440/4 | €8,761 | €1,615 | -€7,146 | -81.6% |
| Taxes, remuneration and social security | 45 | €14,896 | €14,265 | -€631 | -4.2% |
| Taxes | 450/3 | €14,896 | €14,265 | -€631 | -4.2% |
| Other amounts payable | 47/48 | €112,016 | €20,095 | -€91,921 | -82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,628 | €10,321 | -€2,307 | -18.3% |
| Other operating charges | 640/8 | €2,452 | €2,824 | +€373 | +15.2% |
| Gross operating margin | 9900 | €94,962 | €85,305 | -€9,656 | -10.2% |
| Operating profit (loss) | 9901 | €79,882 | €72,160 | -€7,722 | -9.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -19.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -19.8% |
| Financial charges | 65/66B | €12,317 | €9,743 | -€2,574 | -20.9% |
| Recurring financial charges | 65 | €12,317 | €9,743 | -€2,574 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €67,566 | €62,418 | -€5,148 | -7.6% |
| Income taxes | 67/77 | €19,249 | €22,381 | +€3,132 | +16.3% |
| Profit (loss) for the period | 9904 | €48,317 | €40,037 | -€8,280 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,317 | €40,037 | -€8,280 | -17.1% |
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 24 October 2026 via checked.be.