DIVETRAN: 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.
DIVETRAN
Largest movements
- Receivables within one year +€135,362
up €135,362 (+74.9%), from €180,706 to €316,069
of which Other amounts receivable: +€125,627
- Tangible fixed assets -€107,520
down €107,520 (-9.2%), from €1.2m to €1.1m
of which Land and buildings: -€64,371
- Reserves +€202,643
up €202,643 (+25.9%), from €782,299 to €984,941
- Other debts -€125,404
down €125,404 (-50.9%), from €246,386 to €120,982
- Debts after one year -€73,315
down €73,315 (-12.1%), from €607,934 to €534,619
of which Financial debts: -€123,234
- Gross operating margin +€94,494
up €94,494 (+16.4%), from €574,765 to €669,260
- Taxes +€29,984
up €29,984 (+89.0%), from €33,681 to €63,664
- Depreciation -€22,635
down €22,635 (-11.9%), from €190,055 to €167,420
- Staff costs +€15,720
up €15,720 (+8.2%), from €190,952 to €206,672
- Other operating charges -€11,610
down €11,610 (-52.0%), from €22,343 to €10,734
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 | €1,981,212 | €2,005,813 | +€24,602 | +1.2% |
| Fixed assets | 21/28 | €1,291,860 | €1,184,339 | -€107,520 | -8.3% |
| Tangible fixed assets | 22/27 | €1,171,517 | €1,063,997 | -€107,520 | -9.2% |
| Land and buildings | 22 | €1,056,307 | €991,937 | -€64,371 | -6.1% |
| Plant, machinery and equipment | 23 | €51,900 | €33,067 | -€18,833 | -36.3% |
| Furniture and vehicles | 24 | €60,589 | €37,534 | -€23,055 | -38.1% |
| Leasing and similar rights | 25 | €2,721 | €1,459 | -€1,262 | -46.4% |
| Financial fixed assets | 28 | €120,342 | €120,342 | = | 0.0% |
| Current assets | 29/58 | €689,352 | €821,474 | +€132,122 | +19.2% |
| Stocks and contracts in progress | 3 | €77,281 | €83,620 | +€6,339 | +8.2% |
| Stocks | 30/36 | €77,281 | €83,620 | +€6,339 | +8.2% |
| Amounts receivable within one year | 40/41 | €180,706 | €316,069 | +€135,362 | +74.9% |
| Trade receivables | 40 | €45,660 | €55,395 | +€9,735 | +21.3% |
| Other amounts receivable | 41 | €135,046 | €260,673 | +€125,627 | +93.0% |
| Cash at bank and in hand | 54/58 | €425,608 | €414,954 | -€10,653 | -2.5% |
| Deferred charges and accrued income | 490/1 | €5,757 | €6,831 | +€1,074 | +18.7% |
| Total equity and liabilities | 10/49 | €1,981,212 | €2,005,813 | +€24,602 | +1.2% |
| Equity | 10/15 | €794,699 | €997,341 | +€202,643 | +25.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €782,299 | €984,941 | +€202,643 | +25.9% |
| Distributable reserves | 133 | €782,299 | €984,941 | +€202,643 | +25.9% |
| Amounts payable | 17/49 | €1,186,513 | €1,008,472 | -€178,041 | -15.0% |
| Amounts payable after more than one year | 17 | €607,934 | €534,619 | -€73,315 | -12.1% |
| Financial debts | 170/4 | €479,776 | €356,542 | -€123,234 | -25.7% |
| Trade debts | 175 | €64,507 | €52,454 | -€12,053 | -18.7% |
| Advances received on contracts in progress | 176 | €52,420 | €114,392 | +€61,972 | +118.2% |
| Other amounts payable | 178/9 | €11,230 | €11,230 | = | 0.0% |
| Amounts payable within one year | 42/48 | €578,579 | €473,854 | -€104,726 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €157,515 | €160,830 | +€3,315 | +2.1% |
| Trade debts | 44 | €137,671 | €149,597 | +€11,926 | +8.7% |
| Suppliers | 440/4 | €137,671 | €149,597 | +€11,926 | +8.7% |
| Taxes, remuneration and social security | 45 | €37,007 | €42,445 | +€5,438 | +14.7% |
| Taxes | 450/3 | €25,962 | €30,887 | +€4,926 | +19.0% |
| Remuneration and social security | 454/9 | €11,045 | €11,558 | +€512 | +4.6% |
| Other amounts payable | 47/48 | €246,386 | €120,982 | -€125,404 | -50.9% |
| Non-recurring operating income | 76A | €8,082 | €3,496 | -€4,586 | -56.7% |
| Remuneration, social security and pensions | 62 | €190,952 | €206,672 | +€15,720 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,055 | €167,420 | -€22,635 | -11.9% |
| Other operating charges | 640/8 | €22,343 | €10,734 | -€11,610 | -52.0% |
| Gross operating margin | 9900 | €574,765 | €669,260 | +€94,494 | +16.4% |
| Operating profit (loss) | 9901 | €171,415 | €284,434 | +€113,019 | +65.9% |
| Financial income | 75/76B | €3,110 | €2,797 | -€313 | -10.1% |
| Recurring financial income | 75 | €3,110 | €2,797 | -€313 | -10.1% |
| Financial charges | 65/66B | €20,528 | €20,925 | +€397 | +1.9% |
| Recurring financial charges | 65 | €20,528 | €20,925 | +€397 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €153,997 | €266,307 | +€112,310 | +72.9% |
| Income taxes | 67/77 | €33,681 | €63,664 | +€29,984 | +89.0% |
| Profit (loss) for the period | 9904 | €120,317 | €202,643 | +€82,326 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €120,317 | €202,643 | +€82,326 | +68.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.