DIVI-DIVI: 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.
DIVI-DIVI
Largest movements
- Current investments -€200,000
down €200,000 (-66.7%), from €300,000 to €100,000
- Cash +€159,483
up €159,483 (+378.2%), from €42,163 to €201,646
mainly Current investments (+€200,000) and Other debts (+€45,402)
- Receivables within one year +€43,658
up €43,658 (+1616.3%), from €2,701 to €46,359
of which Trade receivables: +€28,419
- Tangible fixed assets -€5,907
down €5,907 (-29.4%), from €20,062 to €14,155
of which Plant, machinery and equipment: -€4,004
- Other debts +€45,402
up €45,402 (+2059.2%), from €2,205 to €47,607
- Reserves -€30,631
down €30,631 (-9.4%), from €325,085 to €294,455
of which Distributable reserves: -€30,631
- Tax, wage and social debts -€9,098
down €9,098 (-36.0%), from €25,277 to €16,179
- Trade debts -€6,705
down €6,705 (-65.0%), from €10,314 to €3,609
- Gross operating margin -€39,968
down €39,968 (-40.5%), from €98,616 to €58,648
- Write-downs +€30,000
new in 2025: €30,000
- Taxes -€27,063
down €27,063 (-77.1%), from €35,091 to €8,027
- Financial income +€3,120
up €3,120 (+87.0%), from €3,585 to €6,705
- Depreciation -€1,261
down €1,261 (-17.6%), from €7,168 to €5,907
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 | €369,181 | €368,150 | -€1,031 | -0.3% |
| Fixed assets | 21/28 | €20,062 | €14,155 | -€5,907 | -29.4% |
| Tangible fixed assets | 22/27 | €20,062 | €14,155 | -€5,907 | -29.4% |
| Plant, machinery and equipment | 23 | €16,890 | €12,887 | -€4,004 | -23.7% |
| Furniture and vehicles | 24 | €3,171 | €1,268 | -€1,903 | -60.0% |
| Current assets | 29/58 | €349,119 | €353,995 | +€4,875 | +1.4% |
| Amounts receivable within one year | 40/41 | €2,701 | €46,359 | +€43,658 | +1616.3% |
| Trade receivables | 40 | €2,158 | €30,578 | +€28,419 | +1316.7% |
| Other amounts receivable | 41 | €543 | €15,781 | +€15,238 | +2807.4% |
| Current investments | 50/53 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €42,163 | €201,646 | +€159,483 | +378.2% |
| Deferred charges and accrued income | 490/1 | €4,255 | €5,990 | +€1,735 | +40.8% |
| Total equity and liabilities | 10/49 | €369,181 | €368,150 | -€1,031 | -0.3% |
| Equity | 10/15 | €331,385 | €300,755 | -€30,631 | -9.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €325,085 | €294,455 | -€30,631 | -9.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,041 | €1,041 | = | 0.0% |
| Distributable reserves | 133 | €322,189 | €291,559 | -€30,631 | -9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,796 | €67,395 | +€29,599 | +78.3% |
| Amounts payable within one year | 42/48 | €37,796 | €67,395 | +€29,599 | +78.3% |
| Trade debts | 44 | €10,314 | €3,609 | -€6,705 | -65.0% |
| Suppliers | 440/4 | €10,314 | €3,609 | -€6,705 | -65.0% |
| Taxes, remuneration and social security | 45 | €25,277 | €16,179 | -€9,098 | -36.0% |
| Taxes | 450/3 | €25,277 | €16,179 | -€9,098 | -36.0% |
| Other amounts payable | 47/48 | €2,205 | €47,607 | +€45,402 | +2059.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,168 | €5,907 | -€1,261 | -17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | €1,202 | €1,851 | +€649 | +54.0% |
| Gross operating margin | 9900 | €98,616 | €58,648 | -€39,968 | -40.5% |
| Operating profit (loss) | 9901 | €90,246 | €20,890 | -€69,356 | -76.9% |
| Financial income | 75/76B | €3,585 | €6,705 | +€3,120 | +87.0% |
| Recurring financial income | 75 | €3,585 | €6,705 | +€3,120 | +87.0% |
| Financial charges | 65/66B | €547 | €197 | -€350 | -64.0% |
| Recurring financial charges | 65 | €547 | €197 | -€350 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €93,284 | €27,398 | -€65,886 | -70.6% |
| Income taxes | 67/77 | €35,091 | €8,027 | -€27,063 | -77.1% |
| Profit (loss) for the period | 9904 | €58,193 | €19,371 | -€38,822 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,193 | €19,371 | -€38,822 | -66.7% |
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 9 October 2026 via checked.be.