DIVINO: 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.
DIVINO
Largest movements
- Stocks and contracts +€24,987
up €24,987 (+10.3%), from €241,660 to €266,647
- Tangible fixed assets -€13,785
down €13,785 (-28.9%), from €47,734 to €33,949
of which Furniture and vehicles: -€8,867
- Cash +€9,802
up €9,802 (+30.2%), from €32,468 to €42,270
mainly Net result for the year (+€27,663) and Other debts (+€19,917)
- Deferred charges and accrued income +€4,399
up €4,399 (+245%), from €1,796 to €6,195
- Reserves +€27,663
up €27,663 (+41.5%), from €66,732 to €94,395
of which Distributable reserves: +€27,663
- Debts after one year -€22,138
down €22,138 (-68.4%), from €32,362 to €10,224
- Other debts +€19,917
up €19,917 (+37.0%), from €53,883 to €73,800
- Tax, wage and social debts -€6,856
down €6,856 (-31.1%), from €22,021 to €15,166
of which Taxes: -€7,130
- Current portion of long-term debt +€5,801
up €5,801 (+6.4%), from €91,337 to €97,138
- Gross operating margin -€3,906
down €3,906 (-4.1%), from €95,080 to €91,174
- Staff costs +€3,323
up €3,323 (+12.9%), from €25,761 to €29,084
- Taxes -€2,190
down €2,190 (-13.5%), from €16,258 to €14,068
- Financial charges -€1,544
down €1,544 (-14.9%), from €10,373 to €8,830
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 | €323,940 | €351,125 | +€27,185 | +8.4% |
| Fixed assets | 21/28 | €48,016 | €34,231 | -€13,785 | -28.7% |
| Tangible fixed assets | 22/27 | €47,734 | €33,949 | -€13,785 | -28.9% |
| Plant, machinery and equipment | 23 | €3,405 | €2,958 | -€447 | -13.1% |
| Furniture and vehicles | 24 | €30,386 | €21,519 | -€8,867 | -29.2% |
| Other tangible fixed assets | 26 | €13,943 | €9,472 | -€4,471 | -32.1% |
| Financial fixed assets | 28 | €282 | €282 | = | 0.0% |
| Current assets | 29/58 | €275,924 | €316,894 | +€40,970 | +14.8% |
| Stocks and contracts in progress | 3 | €241,660 | €266,647 | +€24,987 | +10.3% |
| Stocks | 30/36 | €241,660 | €266,647 | +€24,987 | +10.3% |
| Amounts receivable within one year | 40/41 | - | €1,782 | +€1,782 | |
| Trade receivables | 40 | - | €1,782 | +€1,782 | |
| Cash at bank and in hand | 54/58 | €32,468 | €42,270 | +€9,802 | +30.2% |
| Deferred charges and accrued income | 490/1 | €1,796 | €6,195 | +€4,399 | +245% |
| Total equity and liabilities | 10/49 | €323,940 | €351,125 | +€27,185 | +8.4% |
| Equity | 10/15 | €91,521 | €119,184 | +€27,663 | +30.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €66,732 | €94,395 | +€27,663 | +41.5% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €64,253 | €91,916 | +€27,663 | +43.1% |
| Amounts payable | 17/49 | €232,419 | €231,940 | -€478 | -0.2% |
| Amounts payable after more than one year | 17 | €32,362 | €10,224 | -€22,138 | -68.4% |
| Financial debts | 170/4 | €32,362 | €10,224 | -€22,138 | -68.4% |
| Amounts payable within one year | 42/48 | €200,057 | €221,717 | +€21,660 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €91,337 | €97,138 | +€5,801 | +6.4% |
| Financial debts | 43 | €3,350 | €5,905 | +€2,555 | +76.3% |
| Credit institutions | 430/8 | €3,350 | €5,905 | +€2,555 | +76.3% |
| Trade debts | 44 | €29,465 | €29,707 | +€242 | +0.8% |
| Suppliers | 440/4 | €29,465 | €29,707 | +€242 | +0.8% |
| Taxes, remuneration and social security | 45 | €22,021 | €15,166 | -€6,856 | -31.1% |
| Taxes | 450/3 | €20,249 | €13,120 | -€7,130 | -35.2% |
| Remuneration and social security | 454/9 | €1,772 | €2,046 | +€274 | +15.5% |
| Other amounts payable | 47/48 | €53,883 | €73,800 | +€19,917 | +37.0% |
| Remuneration, social security and pensions | 62 | €25,761 | €29,084 | +€3,323 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,294 | €17,863 | -€431 | -2.4% |
| Other operating charges | 640/8 | €662 | €718 | +€55 | +8.3% |
| Gross operating margin | 9900 | €95,080 | €91,174 | -€3,906 | -4.1% |
| Operating profit (loss) | 9901 | €50,362 | €43,509 | -€6,853 | -13.6% |
| Financial income | 75/76B | €6,625 | €7,051 | +€426 | +6.4% |
| Recurring financial income | 75 | €6,625 | €7,051 | +€426 | +6.4% |
| Financial charges | 65/66B | €10,373 | €8,830 | -€1,544 | -14.9% |
| Recurring financial charges | 65 | €10,373 | €8,830 | -€1,544 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €46,614 | €41,731 | -€4,884 | -10.5% |
| Income taxes | 67/77 | €16,258 | €14,068 | -€2,190 | -13.5% |
| Profit (loss) for the period | 9904 | €30,357 | €27,663 | -€2,694 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,357 | €27,663 | -€2,694 | -8.9% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.