DIVERTH: 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.
What changed
DIVERTH
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€106,150
2024 · -€62,180-€43,970
Equity
€1.3m
2024 · €1.4m-€106,150
Cash
€13,008
2024 · €25,576-€12,568
Balance sheet total
€1.8m
2024 · €2.0m-€243,390
Largest movements
Assets
- Receivables within one year -€181,084
down €181,084 (-40.2%), from €450,267 to €269,183
of which Trade receivables: -€159,800
- Tangible fixed assets -€64,008
down €64,008 (-4.2%), from €1.5m to €1.5m
of which Land and buildings: -€50,451
Equity and liabilities
- Trade debts -€97,796
down €97,796 (-54.4%), from €179,610 to €81,813
- Profit (loss) carried forward -€92,010
down €92,010 (-191.5%), from -€48,040 to -€140,051
- Debts after one year -€30,405
down €30,405 (-13.7%), from €222,038 to €191,633
Income statement
- Gross operating margin -€28,866
down €28,866 (-76.2%), from €37,864 to €8,998
- Depreciation +€14,050
up €14,050 (+16.1%), from €87,064 to €101,114
- Other operating charges +€559
up €559 (+3.9%), from €14,403 to €14,961
- Financial charges -€527
down €527 (-15.7%), from €3,358 to €2,831
- Staff costs +€466
up €466 (+251.2%), from €186 to €652
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.
Result 2024
-€62,180
Gross operating margin
-€28,866
Staff costs
-€466
Depreciation
-€14,050
Other operating charges
-€559
Financial income
-€266
Financial charges
+€527
Taxes
-€291
Result 2025
-€106,150
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.
From operations
+€58,729
Investment
-€37,106
Financing
-€34,191
Cash 2024
€25,576
From operations (derived)
+€58,729
Net result for the year
-€106,150
Depreciation
+€101,114
Receivables within one year
+€181,084
Deferred charges and accrued income
-€14,271
Provisions
-€4,713
Trade debts
-€97,796
Smaller working-capital items
+€91
Accrued charges and deferred income
-€631
Investment (derived)
-€37,106
Investment in fixed assets (net)
-€37,106
Financing
-€34,191
Debts after one year
-€30,405
Current portion of long-term debt
-€3,786
Cash 2025
€13,008
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,013,690 | €1,770,300 | -€243,390 | -12.1% |
| Fixed assets | 21/28 | €1,534,090 | €1,470,082 | -€64,008 | -4.2% |
| Tangible fixed assets | 22/27 | €1,534,090 | €1,470,082 | -€64,008 | -4.2% |
| Land and buildings | 22 | €1,425,252 | €1,374,801 | -€50,451 | -3.5% |
| Plant, machinery and equipment | 23 | - | €22,253 | +€22,253 | |
| Furniture and vehicles | 24 | €108,838 | €73,028 | -€35,810 | -32.9% |
| Current assets | 29/58 | €479,600 | €300,218 | -€179,382 | -37.4% |
| Amounts receivable within one year | 40/41 | €450,267 | €269,183 | -€181,084 | -40.2% |
| Trade receivables | 40 | €393,934 | €234,134 | -€159,800 | -40.6% |
| Other amounts receivable | 41 | €56,333 | €35,049 | -€21,284 | -37.8% |
| Cash at bank and in hand | 54/58 | €25,576 | €13,008 | -€12,568 | -49.1% |
| Deferred charges and accrued income | 490/1 | €3,757 | €18,027 | +€14,271 | +379.9% |
| Total equity and liabilities | 10/49 | €2,013,690 | €1,770,300 | -€243,390 | -12.1% |
| Equity | 10/15 | €1,444,941 | €1,338,791 | -€106,150 | -7.3% |
| Contributions | 10/11 | €1,183,000 | €1,183,000 | = | 0.0% |
| Capital | 10 | €1,183,000 | €1,183,000 | = | 0.0% |
| Issued capital | 100 | €1,183,000 | €1,183,000 | = | 0.0% |
| Reserves | 13 | €309,981 | €295,842 | -€14,139 | -4.6% |
| Non-distributable reserves | 130/1 | €12,100 | €12,100 | = | 0.0% |
| Legal reserve | 130 | €12,100 | €12,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €268,723 | €254,584 | -€14,139 | -5.3% |
| Distributable reserves | 133 | €29,158 | €29,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,040 | -€140,051 | -€92,010 | -191.5% |
| Provisions and deferred taxes | 16 | €89,574 | €84,861 | -€4,713 | -5.3% |
| Deferred taxes | 168 | €89,574 | €84,861 | -€4,713 | -5.3% |
| Amounts payable | 17/49 | €479,175 | €346,648 | -€132,527 | -27.7% |
| Amounts payable after more than one year | 17 | €222,038 | €191,633 | -€30,405 | -13.7% |
| Financial debts | 170/4 | €222,038 | €191,633 | -€30,405 | -13.7% |
| Amounts payable within one year | 42/48 | €256,451 | €154,960 | -€101,491 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €34,191 | €30,405 | -€3,786 | -11.1% |
| Trade debts | 44 | €179,610 | €81,813 | -€97,796 | -54.4% |
| Suppliers | 440/4 | €179,610 | €81,813 | -€97,796 | -54.4% |
| Taxes, remuneration and social security | 45 | €126 | €274 | +€148 | +117.9% |
| Taxes | 450/3 | €126 | €274 | +€148 | +117.9% |
| Other amounts payable | 47/48 | €42,525 | €42,468 | -€57 | -0.1% |
| Accrued charges and deferred income | 492/3 | €686 | €55 | -€631 | -92.0% |
| Non-recurring operating income | 76A | €3,951 | €0 | -€3,951 | -100.0% |
| Remuneration, social security and pensions | 62 | €186 | €652 | +€466 | +251.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,064 | €101,114 | +€14,050 | +16.1% |
| Other operating charges | 640/8 | €14,403 | €14,961 | +€559 | +3.9% |
| Gross operating margin | 9900 | €37,864 | €8,998 | -€28,866 | -76.2% |
| Operating profit (loss) | 9901 | -€63,789 | -€107,729 | -€43,940 | -68.9% |
| Financial income | 75/76B | €380 | €114 | -€266 | -70.0% |
| Recurring financial income | 75 | €380 | €114 | -€266 | -70.0% |
| Financial charges | 65/66B | €3,358 | €2,831 | -€527 | -15.7% |
| Recurring financial charges | 65 | €3,358 | €2,831 | -€527 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€66,767 | -€110,447 | -€43,679 | -65.4% |
| Transfer from deferred taxes | 780 | €4,713 | €4,713 | = | 0.0% |
| Income taxes | 67/77 | €126 | €416 | +€291 | +231.5% |
| Profit (loss) for the period | 9904 | -€62,180 | -€106,150 | -€43,970 | -70.7% |
| Transfer from tax-exempt reserves | 789 | €14,139 | €14,139 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,040 | -€92,010 | -€43,970 | -91.5% |
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 12 October 2026 via checked.be.