DIVO: 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.
DIVO
Largest movements
- Receivables within one year +€61,697
up €61,697 (+92.2%), from €66,889 to €128,586
of which Other amounts receivable: +€55,117
- Cash -€23,028
down €23,028 (-50.0%), from €46,064 to €23,036
mainly Receivables within one year (-€61,697) and Tax, wage and social debts (-€14,357)
- Deferred charges and accrued income -€1,720
no longer reported in 2026 (was €1,720)
- Profit (loss) carried forward +€47,899
up €47,899 (+68.6%), from €69,857 to €117,756
- Tax, wage and social debts -€14,357
down €14,357 (-38.7%), from €37,109 to €22,753
- Trade debts +€5,303
up €5,303 (+249.8%), from €2,123 to €7,426
- Debts after one year -€2,950
down €2,950 (-41.1%), from €7,171 to €4,221
- Gross operating margin -€52,058
down €52,058 (-41.8%), from €124,616 to €72,558
- Taxes -€11,215
down €11,215 (-46.6%), from €24,090 to €12,875
- Depreciation -€1,993
down €1,993 (-37.0%), from €5,387 to €3,394
- Other operating charges -€1,687
down €1,687 (-49.6%), from €3,403 to €1,716
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,069 | €159,811 | +€35,742 | +28.8% |
| Fixed assets | 21/28 | €9,397 | €8,189 | -€1,208 | -12.9% |
| Tangible fixed assets | 22/27 | €9,397 | €8,189 | -€1,208 | -12.9% |
| Furniture and vehicles | 24 | €9,397 | €6,440 | -€2,957 | -31.5% |
| Other tangible fixed assets | 26 | - | €1,749 | +€1,749 | |
| Current assets | 29/58 | €114,672 | €151,622 | +€36,949 | +32.2% |
| Amounts receivable within one year | 40/41 | €66,889 | €128,586 | +€61,697 | +92.2% |
| Trade receivables | 40 | €16,516 | €23,096 | +€6,580 | +39.8% |
| Other amounts receivable | 41 | €50,373 | €105,490 | +€55,117 | +109.4% |
| Cash at bank and in hand | 54/58 | €46,064 | €23,036 | -€23,028 | -50.0% |
| Deferred charges and accrued income | 490/1 | €1,720 | - | -€1,720 | |
| Total equity and liabilities | 10/49 | €124,069 | €159,811 | +€35,742 | +28.8% |
| Equity | 10/15 | €74,857 | €122,756 | +€47,899 | +64.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,857 | €117,756 | +€47,899 | +68.6% |
| Amounts payable | 17/49 | €49,212 | €37,055 | -€12,157 | -24.7% |
| Amounts payable after more than one year | 17 | €7,171 | €4,221 | -€2,950 | -41.1% |
| Financial debts | 170/4 | €7,171 | €4,221 | -€2,950 | -41.1% |
| Amounts payable within one year | 42/48 | €42,041 | €32,834 | -€9,207 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €2,809 | €2,655 | -€153 | -5.5% |
| Trade debts | 44 | €2,123 | €7,426 | +€5,303 | +249.8% |
| Suppliers | 440/4 | €2,123 | €7,426 | +€5,303 | +249.8% |
| Taxes, remuneration and social security | 45 | €37,109 | €22,753 | -€14,357 | -38.7% |
| Taxes | 450/3 | €37,109 | €22,753 | -€14,357 | -38.7% |
| Remuneration, social security and pensions | 62 | - | €59 | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,387 | €3,394 | -€1,993 | -37.0% |
| Other operating charges | 640/8 | €3,403 | €1,716 | -€1,687 | -49.6% |
| Non-recurring operating charges | 66A | €15,533 | - | -€15,533 | |
| Gross operating margin | 9900 | €124,616 | €72,558 | -€52,058 | -41.8% |
| Operating profit (loss) | 9901 | €100,293 | €67,389 | -€32,904 | -32.8% |
| Financial income | 75/76B | €21 | €26 | +€5 | +23.1% |
| Recurring financial income | 75 | €21 | €26 | +€5 | +23.1% |
| Financial charges | 65/66B | €6,367 | €6,641 | +€275 | +4.3% |
| Recurring financial charges | 65 | €6,367 | €6,641 | +€275 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €93,947 | €60,774 | -€33,174 | -35.3% |
| Income taxes | 67/77 | €24,090 | €12,875 | -€11,215 | -46.6% |
| Profit (loss) for the period | 9904 | €69,857 | €47,899 | -€21,959 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,857 | €47,899 | -€21,959 | -31.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.