DIVO TRADING: 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.
DIVO TRADING
Largest movements
- Cash -€612,248
down €612,248 (-71.0%), from €861,752 to €249,505
mainly Contributions, distributions and other (-€1.7m) and Other debts (-€819,641)
- Receivables after one year -€256,237
down €256,237 (-100%), from €256,237 to €0
- Current investments +€196,630
up €196,630 (+9.3%), from €2.1m to €2.3m
- Receivables within one year -€150,082
down €150,082 (-6.3%), from €2.4m to €2.2m
of which Other amounts receivable: -€155,156
- Other debts -€819,641
down €819,641 (-94.4%), from €868,629 to €48,988
- Reserves -€179,345
down €179,345 (-2.2%), from €8.2m to €8.0m
of which Distributable reserves: -€179,345
- Tax, wage and social debts +€151,606
up €151,606 (+10,193%), from €1,487 to €153,093
- Financial income +€1.5m
up €1.5m (+884%), from €171,247 to €1.7m
of which Non-recurring financial income: +€1.5m
- Taxes +€141,292
up €141,292 (+2,229%), from €6,338 to €147,630
- Gross operating margin +€14,767
up €14,767 (+25.1%), from -€58,773 to -€44,006
- Depreciation +€8,503
up €8,503 (+226%), from €3,769 to €12,273
- Financial charges +€3,045
up €3,045 (+92.3%), from €3,300 to €6,345
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 | €9,398,895 | €8,559,465 | -€839,430 | -8.9% |
| Fixed assets | 21/28 | €3,774,889 | €3,762,617 | -€12,273 | -0.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €29,569 | €17,297 | -€12,273 | -41.5% |
| Furniture and vehicles | 24 | €11,194 | €8,109 | -€3,085 | -27.6% |
| Other tangible fixed assets | 26 | €18,375 | €9,188 | -€9,188 | -50.0% |
| Financial fixed assets | 28 | €3,745,320 | €3,745,320 | = | 0.0% |
| Current assets | 29/58 | €5,624,006 | €4,796,848 | -€827,158 | -14.7% |
| Amounts receivable after more than one year | 29 | €256,237 | €0 | -€256,237 | -100% |
| Other amounts receivable | 291 | €256,237 | €0 | -€256,237 | -100% |
| Amounts receivable within one year | 40/41 | €2,377,142 | €2,227,060 | -€150,082 | -6.3% |
| Trade receivables | 40 | €105,230 | €110,304 | +€5,074 | +4.8% |
| Other amounts receivable | 41 | €2,271,913 | €2,116,757 | -€155,156 | -6.8% |
| Current investments | 50/53 | €2,120,844 | €2,317,474 | +€196,630 | +9.3% |
| Cash at bank and in hand | 54/58 | €861,752 | €249,505 | -€612,248 | -71.0% |
| Deferred charges and accrued income | 490/1 | €8,030 | €2,809 | -€5,221 | -65.0% |
| Total equity and liabilities | 10/49 | €9,398,895 | €8,559,465 | -€839,430 | -8.9% |
| Equity | 10/15 | €8,526,232 | €8,346,886 | -€179,345 | -2.1% |
| Contributions | 10/11 | €312,400 | €312,400 | = | 0.0% |
| Reserves | 13 | €8,213,832 | €8,034,486 | -€179,345 | -2.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €8,213,832 | €8,034,486 | -€179,345 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €872,664 | €212,579 | -€660,085 | -75.6% |
| Amounts payable within one year | 42/48 | €872,664 | €212,579 | -€660,085 | -75.6% |
| Trade debts | 44 | €2,547 | €10,498 | +€7,950 | +312% |
| Suppliers | 440/4 | €2,547 | €10,498 | +€7,950 | +312% |
| Taxes, remuneration and social security | 45 | €1,487 | €153,093 | +€151,606 | +10,193% |
| Taxes | 450/3 | €1,487 | €153,093 | +€151,606 | +10,193% |
| Other amounts payable | 47/48 | €868,629 | €48,988 | -€819,641 | -94.4% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,769 | €12,273 | +€8,503 | +226% |
| Other operating charges | 640/8 | €2,282 | €2,212 | -€70 | -3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€58,773 | -€44,006 | +€14,767 | +25.1% |
| Operating profit (loss) | 9901 | -€64,824 | -€58,490 | +€6,334 | +9.8% |
| Financial income | 75/76B | €171,247 | €1,685,653 | +€1.5m | +884% |
| Recurring financial income | 75 | €171,247 | €185,653 | +€14,407 | +8.4% |
| Non-recurring financial income | 76B | - | €1,500,000 | +€1.5m | |
| Financial charges | 65/66B | €3,300 | €6,345 | +€3,045 | +92.3% |
| Recurring financial charges | 65 | €3,300 | €6,345 | +€3,045 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | €103,122 | €1,620,818 | +€1.5m | +1,472% |
| Income taxes | 67/77 | €6,338 | €147,630 | +€141,292 | +2,229% |
| Profit (loss) for the period | 9904 | €96,784 | €1,473,187 | +€1.4m | +1,422% |
| Profit (loss) for the period to be appropriated | 9905 | €96,784 | €1,473,187 | +€1.4m | +1,422% |
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 17 October 2026 via checked.be.