DIVERSITY: 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.
DIVERSITY
Largest movements
- Receivables within one year +€186,348
up €186,348 (+40.6%), from €458,688 to €645,037
of which Trade receivables: +€130,047
- Cash -€51,127
down €51,127 (-75.9%), from €67,393 to €16,266
mainly Receivables within one year (-€186,348) and Debts after one year (-€35,171)
- Tangible fixed assets -€40,444
down €40,444 (-8.2%), from €492,872 to €452,427
of which Land and buildings: -€41,186
- Trade debts +€88,340
up €88,340 (+138%), from €64,215 to €152,555
- Debts after one year -€35,171
down €35,171 (-15.5%), from €226,644 to €191,473
- Accrued charges and deferred income +€19,570
new in 2025: €19,570
- Staff costs -€18,543
down €18,543 (-35.6%), from €52,140 to €33,597
- Gross operating margin -€4,549
down €4,549 (-3.8%), from €120,473 to €115,924
- Taxes +€2,791
up €2,791 (+74.0%), from €3,774 to €6,564
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 | €1,106,288 | €1,201,381 | +€95,094 | +8.6% |
| Fixed assets | 21/28 | €493,220 | €452,905 | -€40,314 | -8.2% |
| Intangible fixed assets | 21 | €278 | €228 | -€50 | -18.0% |
| Tangible fixed assets | 22/27 | €492,872 | €452,427 | -€40,444 | -8.2% |
| Land and buildings | 22 | €488,927 | €447,742 | -€41,186 | -8.4% |
| Plant, machinery and equipment | 23 | €576 | €1,467 | +€891 | +155% |
| Furniture and vehicles | 24 | €3,093 | €1,865 | -€1,229 | -39.7% |
| Other tangible fixed assets | 26 | €275 | €1,354 | +€1,079 | +392% |
| Financial fixed assets | 28 | €70 | €250 | +€180 | +257% |
| Current assets | 29/58 | €613,068 | €748,476 | +€135,408 | +22.1% |
| Amounts receivable within one year | 40/41 | €458,688 | €645,037 | +€186,348 | +40.6% |
| Trade receivables | 40 | €236,301 | €366,348 | +€130,047 | +55.0% |
| Other amounts receivable | 41 | €222,387 | €278,689 | +€56,301 | +25.3% |
| Current investments | 50/53 | €81,399 | €81,399 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,393 | €16,266 | -€51,127 | -75.9% |
| Deferred charges and accrued income | 490/1 | €5,587 | €5,775 | +€188 | +3.4% |
| Total equity and liabilities | 10/49 | €1,106,288 | €1,201,381 | +€95,094 | +8.6% |
| Equity | 10/15 | €636,888 | €647,038 | +€10,150 | +1.6% |
| Contributions | 10/11 | €368,969 | €368,969 | = | 0.0% |
| Reserves | 13 | €171,847 | €171,847 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,259 | €85,259 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,860 | €3,860 | = | 0.0% |
| Own shares acquired | 1312 | €81,399 | €81,399 | = | 0.0% |
| Tax-exempt reserves | 132 | €86,588 | €86,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,073 | €106,222 | +€10,150 | +10.6% |
| Amounts payable | 17/49 | €469,399 | €554,343 | +€84,944 | +18.1% |
| Amounts payable after more than one year | 17 | €226,644 | €191,473 | -€35,171 | -15.5% |
| Financial debts | 170/4 | €226,644 | €191,473 | -€35,171 | -15.5% |
| Amounts payable within one year | 42/48 | €242,755 | €343,300 | +€100,546 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €34,240 | €35,171 | +€931 | +2.7% |
| Financial debts | 43 | €65 | €290 | +€225 | +346% |
| Credit institutions | 430/8 | €65 | €290 | +€225 | +346% |
| Trade debts | 44 | €64,215 | €152,555 | +€88,340 | +138% |
| Suppliers | 440/4 | €64,215 | €152,555 | +€88,340 | +138% |
| Taxes, remuneration and social security | 45 | €72,604 | €73,194 | +€590 | +0.8% |
| Taxes | 450/3 | €54,215 | €54,178 | -€38 | -0.1% |
| Remuneration and social security | 454/9 | €18,389 | €19,017 | +€628 | +3.4% |
| Other amounts payable | 47/48 | €71,630 | €82,089 | +€10,459 | +14.6% |
| Accrued charges and deferred income | 492/3 | - | €19,570 | +€19,570 | |
| Remuneration, social security and pensions | 62 | €52,140 | €33,597 | -€18,543 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,118 | €43,701 | +€583 | +1.4% |
| Other operating charges | 640/8 | €2,566 | €1,522 | -€1,043 | -40.7% |
| Gross operating margin | 9900 | €120,473 | €115,924 | -€4,549 | -3.8% |
| Operating profit (loss) | 9901 | €22,649 | €37,104 | +€14,455 | +63.8% |
| Financial income | 75/76B | €7 | €180 | +€173 | +2,471% |
| Recurring financial income | 75 | €7 | €180 | +€173 | +2,471% |
| Financial charges | 65/66B | €10,193 | €9,202 | -€991 | -9.7% |
| Recurring financial charges | 65 | €10,193 | €9,202 | -€991 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €12,464 | €28,082 | +€15,619 | +125% |
| Income taxes | 67/77 | €3,774 | €6,564 | +€2,791 | +74.0% |
| Profit (loss) for the period | 9904 | €8,690 | €21,518 | +€12,828 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €8,690 | €21,518 | +€12,828 | +148% |
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.