DIVINO: 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.
DIVINO
Largest movements
- Tangible fixed assets +€36,047
up €36,047 (+241.9%), from €14,902 to €50,950
of which Furniture and vehicles: +€36,047
- Stocks and contracts +€30,975
up €30,975 (+11.3%), from €274,513 to €305,488
- Receivables within one year -€9,589
down €9,589 (-26.4%), from €36,389 to €26,800
- Cash +€7,475
up €7,475 (+92.2%), from €8,109 to €15,585
mainly Debts after one year (+€41,274) and Net result for the year (+€33,195)
- Debts after one year +€41,274
up €41,274 (+595.6%), from €6,930 to €48,204
of which Other amounts payable: +€21,049
- Provisions -€35,657
down €35,657 (-27.9%), from €127,667 to €92,010
- Profit (loss) carried forward +€33,195
up €33,195 (+83.4%), from -€39,816 to -€6,621
- Trade debts +€15,110
up €15,110 (+46.4%), from €32,568 to €47,678
- Current portion of long-term debt +€12,065
up €12,065 (+229.8%), from €5,251 to €17,315
- Provisions -€35,657
new in 2025: -€35,657
- Gross operating margin -€19,386
down €19,386 (-58.9%), from €32,921 to €13,535
- Depreciation +€6,718
up €6,718 (+184.3%), from €3,645 to €10,363
- Financial charges +€892
up €892 (+28.3%), from €3,155 to €4,048
- Taxes -€607
down €607 (-88.3%), from €687 to €80
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 | €338,408 | €404,254 | +€65,847 | +19.5% |
| Fixed assets | 21/28 | €16,152 | €52,200 | +€36,047 | +223.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €14,902 | €50,950 | +€36,047 | +241.9% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €14,902 | €50,950 | +€36,047 | +241.9% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €322,255 | €352,055 | +€29,799 | +9.2% |
| Stocks and contracts in progress | 3 | €274,513 | €305,488 | +€30,975 | +11.3% |
| Stocks | 30/36 | €274,513 | €305,488 | +€30,975 | +11.3% |
| Amounts receivable within one year | 40/41 | €36,389 | €26,800 | -€9,589 | -26.4% |
| Trade receivables | 40 | €36,389 | €26,800 | -€9,589 | -26.4% |
| Cash at bank and in hand | 54/58 | €8,109 | €15,585 | +€7,475 | +92.2% |
| Deferred charges and accrued income | 490/1 | €3,244 | €4,182 | +€938 | +28.9% |
| Total equity and liabilities | 10/49 | €338,408 | €404,254 | +€65,847 | +19.5% |
| Equity | 10/15 | €123,684 | €156,879 | +€33,195 | +26.8% |
| Contributions | 10/11 | €159,000 | €159,000 | = | 0.0% |
| Capital | 10 | €159,000 | €159,000 | = | 0.0% |
| Issued capital | 100 | €159,000 | €159,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Legal reserve | 130 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,816 | -€6,621 | +€33,195 | +83.4% |
| Provisions and deferred taxes | 16 | €127,667 | €92,010 | -€35,657 | -27.9% |
| Provisions for liabilities and charges | 160/5 | €127,667 | €92,010 | -€35,657 | -27.9% |
| Taxes | 161 | €127,667 | €92,010 | -€35,657 | -27.9% |
| Amounts payable | 17/49 | €87,057 | €155,366 | +€68,309 | +78.5% |
| Amounts payable after more than one year | 17 | €6,930 | €48,204 | +€41,274 | +595.6% |
| Financial debts | 170/4 | €3,632 | €23,857 | +€20,225 | +556.9% |
| Other amounts payable | 178/9 | €3,298 | €24,347 | +€21,049 | +638.2% |
| Amounts payable within one year | 42/48 | €77,928 | €104,472 | +€26,544 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €5,251 | €17,315 | +€12,065 | +229.8% |
| Trade debts | 44 | €32,568 | €47,678 | +€15,110 | +46.4% |
| Suppliers | 440/4 | €32,568 | €47,678 | +€15,110 | +46.4% |
| Taxes, remuneration and social security | 45 | €6,101 | €3,931 | -€2,170 | -35.6% |
| Taxes | 450/3 | €6,101 | €3,931 | -€2,170 | -35.6% |
| Other amounts payable | 47/48 | €34,008 | €35,547 | +€1,539 | +4.5% |
| Accrued charges and deferred income | 492/3 | €2,198 | €2,690 | +€492 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,645 | €10,363 | +€6,718 | +184.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€35,657 | -€35,657 | |
| Other operating charges | 640/8 | €1,363 | €1,658 | +€295 | +21.7% |
| Gross operating margin | 9900 | €32,921 | €13,535 | -€19,386 | -58.9% |
| Operating profit (loss) | 9901 | €27,913 | €37,171 | +€9,258 | +33.2% |
| Financial income | 75/76B | - | €151 | +€151 | |
| Recurring financial income | 75 | - | €151 | +€151 | |
| Financial charges | 65/66B | €3,155 | €4,048 | +€892 | +28.3% |
| Recurring financial charges | 65 | €3,155 | €4,048 | +€892 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €24,758 | €33,275 | +€8,517 | +34.4% |
| Income taxes | 67/77 | €687 | €80 | -€607 | -88.3% |
| Profit (loss) for the period | 9904 | €24,071 | €33,195 | +€9,123 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,071 | €33,195 | +€9,123 | +37.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.