DiVcon: 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.
DiVcon
Largest movements
- Cash +€367,960
up €367,960 (+704.6%), from €52,221 to €420,180
mainly Current investments (+€280,500) and Net result for the year (+€92,590)
- Current investments -€280,500
down €280,500 (-100.0%), from €280,500 to €0
- Receivables within one year +€8,701
up €8,701 (+29.7%), from €29,306 to €38,008
of which Trade receivables: +€5,771
- Other debts +€76,393
up €76,393 (+9222.3%), from €828 to €77,222
- Tax, wage and social debts +€16,290
up €16,290 (+283.6%), from €5,744 to €22,034
- Gross operating margin -€4,638
down €4,638 (-3.5%), from €131,935 to €127,297
- Depreciation +€4,359
up €4,359 (+49.4%), from €8,828 to €13,188
- Taxes -€2,902
down €2,902 (-10.3%), from €28,116 to €25,214
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 | €398,768 | €492,261 | +€93,493 | +23.4% |
| Fixed assets | 21/28 | €34,813 | €31,007 | -€3,806 | -10.9% |
| Tangible fixed assets | 22/27 | €34,813 | €31,007 | -€3,806 | -10.9% |
| Plant, machinery and equipment | 23 | €3,721 | €4,701 | +€980 | +26.3% |
| Furniture and vehicles | 24 | €27,261 | €24,716 | -€2,546 | -9.3% |
| Other tangible fixed assets | 26 | €3,830 | €1,590 | -€2,240 | -58.5% |
| Current assets | 29/58 | €363,954 | €461,254 | +€97,299 | +26.7% |
| Amounts receivable within one year | 40/41 | €29,306 | €38,008 | +€8,701 | +29.7% |
| Trade receivables | 40 | €25,010 | €30,781 | +€5,771 | +23.1% |
| Other amounts receivable | 41 | €4,297 | €7,227 | +€2,930 | +68.2% |
| Current investments | 50/53 | €280,500 | €0 | -€280,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €52,221 | €420,180 | +€367,960 | +704.6% |
| Deferred charges and accrued income | 490/1 | €1,927 | €3,066 | +€1,138 | +59.1% |
| Total equity and liabilities | 10/49 | €398,768 | €492,261 | +€93,493 | +23.4% |
| Equity | 10/15 | €355,887 | €356,477 | +€590 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €337,000 | €337,000 | = | 0.0% |
| Distributable reserves | 133 | €337,000 | €337,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287 | €877 | +€590 | +205.5% |
| Amounts payable | 17/49 | €42,880 | €135,784 | +€92,903 | +216.7% |
| Amounts payable after more than one year | 17 | €26,983 | €26,983 | = | 0.0% |
| Financial debts | 170/4 | €26,983 | €26,983 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,898 | €108,801 | +€92,903 | +584.4% |
| Trade debts | 44 | €9,326 | €9,545 | +€220 | +2.4% |
| Suppliers | 440/4 | €9,326 | €9,545 | +€220 | +2.4% |
| Taxes, remuneration and social security | 45 | €5,744 | €22,034 | +€16,290 | +283.6% |
| Taxes | 450/3 | €5,744 | €22,034 | +€16,290 | +283.6% |
| Other amounts payable | 47/48 | €828 | €77,222 | +€76,393 | +9222.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,828 | €13,188 | +€4,359 | +49.4% |
| Other operating charges | 640/8 | €1,742 | €1,834 | +€91 | +5.2% |
| Gross operating margin | 9900 | €131,935 | €127,297 | -€4,638 | -3.5% |
| Operating profit (loss) | 9901 | €121,364 | €112,276 | -€9,089 | -7.5% |
| Financial income | 75/76B | €8,042 | €8,135 | +€93 | +1.2% |
| Recurring financial income | 75 | €8,042 | €8,135 | +€93 | +1.2% |
| Financial charges | 65/66B | €1,981 | €2,606 | +€626 | +31.6% |
| Recurring financial charges | 65 | €1,981 | €2,606 | +€626 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €127,426 | €117,804 | -€9,622 | -7.6% |
| Income taxes | 67/77 | €28,116 | €25,214 | -€2,902 | -10.3% |
| Profit (loss) for the period | 9904 | €99,310 | €92,590 | -€6,720 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €99,310 | €92,590 | -€6,720 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.