DIVELCO: 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.
DIVELCO
Largest movements
- Cash +€491,148
up €491,148 (+129.5%), from €379,383 to €870,530
mainly Net result for the year (+€347,005) and Depreciation (+€213,168)
- Tangible fixed assets -€168,359
down €168,359 (-8.2%), from €2.1m to €1.9m
of which Land and buildings: -€148,066
- Receivables within one year -€118,925
down €118,925 (-81.9%), from €145,179 to €26,254
of which Trade receivables: -€118,968
- Stocks and contracts +€38,017
up €38,017 (+11.7%), from €325,211 to €363,229
- Profit (loss) carried forward +€347,005
up €347,005 (+28.9%), from €1.2m to €1.5m
- Debts after one year -€164,406
down €164,406 (-17.0%), from €967,512 to €803,106
- Other debts +€54,466
up €54,466 (+119.5%), from €45,577 to €100,043
- Gross operating margin +€152,243
up €152,243 (+15.0%), from €1.0m to €1.2m
- Staff costs +€117,561
up €117,561 (+35.8%), from €328,400 to €445,961
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 | €2,923,454 | €3,163,580 | +€240,126 | +8.2% |
| Fixed assets | 21/28 | €2,062,254 | €1,893,895 | -€168,359 | -8.2% |
| Tangible fixed assets | 22/27 | €2,054,122 | €1,885,763 | -€168,359 | -8.2% |
| Land and buildings | 22 | €1,983,696 | €1,835,630 | -€148,066 | -7.5% |
| Plant, machinery and equipment | 23 | €65,848 | €47,451 | -€18,397 | -27.9% |
| Furniture and vehicles | 24 | €4,579 | €2,683 | -€1,896 | -41.4% |
| Financial fixed assets | 28 | €8,132 | €8,132 | = | 0.0% |
| Current assets | 29/58 | €861,200 | €1,269,685 | +€408,485 | +47.4% |
| Stocks and contracts in progress | 3 | €325,211 | €363,229 | +€38,017 | +11.7% |
| Stocks | 30/36 | €325,211 | €363,229 | +€38,017 | +11.7% |
| Amounts receivable within one year | 40/41 | €145,179 | €26,254 | -€118,925 | -81.9% |
| Trade receivables | 40 | €142,587 | €23,619 | -€118,968 | -83.4% |
| Other amounts receivable | 41 | €2,592 | €2,635 | +€44 | +1.7% |
| Cash at bank and in hand | 54/58 | €379,383 | €870,530 | +€491,148 | +129.5% |
| Deferred charges and accrued income | 490/1 | €11,427 | €9,672 | -€1,755 | -15.4% |
| Total equity and liabilities | 10/49 | €2,923,454 | €3,163,580 | +€240,126 | +8.2% |
| Equity | 10/15 | €1,259,928 | €1,606,933 | +€347,005 | +27.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,500 | €5,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,199,428 | €1,546,433 | +€347,005 | +28.9% |
| Amounts payable | 17/49 | €1,663,526 | €1,556,647 | -€106,879 | -6.4% |
| Amounts payable after more than one year | 17 | €967,512 | €803,106 | -€164,406 | -17.0% |
| Financial debts | 170/4 | €967,512 | €803,106 | -€164,406 | -17.0% |
| Amounts payable within one year | 42/48 | €692,418 | €753,541 | +€61,123 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €170,835 | €170,238 | -€597 | -0.3% |
| Trade debts | 44 | €394,204 | €378,113 | -€16,091 | -4.1% |
| Suppliers | 440/4 | €394,204 | €378,113 | -€16,091 | -4.1% |
| Taxes, remuneration and social security | 45 | €81,801 | €105,146 | +€23,345 | +28.5% |
| Taxes | 450/3 | €47,574 | €57,556 | +€9,981 | +21.0% |
| Remuneration and social security | 454/9 | €34,227 | €47,590 | +€13,363 | +39.0% |
| Other amounts payable | 47/48 | €45,577 | €100,043 | +€54,466 | +119.5% |
| Accrued charges and deferred income | 492/3 | €3,597 | - | -€3,597 | |
| Remuneration, social security and pensions | 62 | €328,400 | €445,961 | +€117,561 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,807 | €213,168 | +€3,361 | +1.6% |
| Other operating charges | 640/8 | €20,568 | €20,940 | +€372 | +1.8% |
| Gross operating margin | 9900 | €1,015,350 | €1,167,593 | +€152,243 | +15.0% |
| Operating profit (loss) | 9901 | €456,575 | €487,524 | +€30,948 | +6.8% |
| Financial income | 75/76B | €182 | €115 | -€68 | -37.1% |
| Recurring financial income | 75 | €182 | €115 | -€68 | -37.1% |
| Financial charges | 65/66B | €21,472 | €17,967 | -€3,505 | -16.3% |
| Recurring financial charges | 65 | €21,472 | €17,967 | -€3,505 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €435,285 | €469,671 | +€34,386 | +7.9% |
| Income taxes | 67/77 | €113,985 | €122,666 | +€8,681 | +7.6% |
| Profit (loss) for the period | 9904 | €321,300 | €347,005 | +€25,705 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €321,300 | €347,005 | +€25,705 | +8.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.