DiVR: 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.
DiVR
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+2142.6%), from €65,000 to €1.5m
of which Assets under construction and advance payments: +€1.3m
- Cash -€48,316
down €48,316 (-100.0%), from €48,316 to €0
mainly Investment in fixed assets (net) (-€1.4m) and Trade debts (-€12,967)
- Other debts +€827,184
up €827,184 (+74482.8%), from €1,111 to €828,294
- Debts after one year +€422,556
up €422,556 (+2587.1%), from €16,333 to €438,889
- Current portion of long-term debt +€38,060
up €38,060 (+205.7%), from €18,503 to €56,563
- Reserves +€37,779
up €37,779 (+82.2%), from €45,943 to €83,722
- Tax, wage and social debts +€30,367
up €30,367 (+139.3%), from €21,803 to €52,170
- Other operating charges -€54,577
down €54,577 (-95.0%), from €57,466 to €2,890
- Financial charges +€27,052
up €27,052 (+731.9%), from €3,696 to €30,748
- Gross operating margin -€19,652
down €19,652 (-16.1%), from €121,711 to €102,060
- Depreciation +€10,749
up €10,749, from €0 to €10,749
- Taxes +€4,727
up €4,727 (+31.2%), from €15,168 to €19,895
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 | €123,463 | €1,467,857 | +€1.3m | +1088.9% |
| Fixed assets | 21/28 | €65,000 | €1,457,670 | +€1.4m | +2142.6% |
| Tangible fixed assets | 22/27 | €65,000 | €1,457,670 | +€1.4m | +2142.6% |
| Plant, machinery and equipment | 23 | €0 | €8,982 | +€8,982 | |
| Furniture and vehicles | 24 | €0 | €54,957 | +€54,957 | |
| Assets under construction and advance payments | 27 | €65,000 | €1,393,732 | +€1.3m | +2044.2% |
| Current assets | 29/58 | €58,463 | €10,187 | -€48,277 | -82.6% |
| Amounts receivable within one year | 40/41 | €10,148 | €10,187 | +€39 | +0.4% |
| Trade receivables | 40 | €10,148 | €9,983 | -€164 | -1.6% |
| Other amounts receivable | 41 | €0 | €203 | +€203 | |
| Cash at bank and in hand | 54/58 | €48,316 | €0 | -€48,316 | -100.0% |
| Total equity and liabilities | 10/49 | €123,463 | €1,467,857 | +€1.3m | +1088.9% |
| Equity | 10/15 | €47,676 | €85,455 | +€37,779 | +79.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €45,943 | €83,722 | +€37,779 | +82.2% |
| Distributable reserves | 133 | €45,943 | €83,722 | +€37,779 | +82.2% |
| Profit (loss) carried forward | 14 | €732 | €732 | = | 0.0% |
| Amounts payable | 17/49 | €75,788 | €1,382,402 | +€1.3m | +1724.0% |
| Amounts payable after more than one year | 17 | €16,333 | €438,889 | +€422,556 | +2587.1% |
| Financial debts | 170/4 | €16,333 | €438,889 | +€422,556 | +2587.1% |
| Amounts payable within one year | 42/48 | €59,455 | €943,513 | +€884,059 | +1486.9% |
| Current portion of amounts payable after more than one year | 42 | €18,503 | €56,563 | +€38,060 | +205.7% |
| Financial debts | 43 | - | €1,051 | +€1,051 | |
| Credit institutions | 430/8 | - | €1,051 | +€1,051 | |
| Trade debts | 44 | €18,038 | €5,071 | -€12,967 | -71.9% |
| Suppliers | 440/4 | €18,038 | €5,071 | -€12,967 | -71.9% |
| Advances received on contracts in progress | 46 | - | €363 | +€363 | |
| Taxes, remuneration and social security | 45 | €21,803 | €52,170 | +€30,367 | +139.3% |
| Taxes | 450/3 | €21,803 | €52,170 | +€30,367 | +139.3% |
| Other amounts payable | 47/48 | €1,111 | €828,294 | +€827,184 | +74482.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €10,749 | +€10,749 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €57,466 | €2,890 | -€54,577 | -95.0% |
| Gross operating margin | 9900 | €121,711 | €102,060 | -€19,652 | -16.1% |
| Operating profit (loss) | 9901 | €64,245 | €88,421 | +€24,176 | +37.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,696 | €30,748 | +€27,052 | +731.9% |
| Recurring financial charges | 65 | €3,696 | €30,748 | +€27,052 | +731.9% |
| Profit (loss) for the period before taxes | 9903 | €60,549 | €57,674 | -€2,875 | -4.7% |
| Income taxes | 67/77 | €15,168 | €19,895 | +€4,727 | +31.2% |
| Profit (loss) for the period | 9904 | €45,381 | €37,779 | -€7,602 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,381 | €37,779 | -€7,602 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.