DIVTEQ: 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.
DIVTEQ
Largest movements
- Cash +€13,894
up €13,894 (+62.0%), from €22,428 to €36,322
mainly Net result for the year (+€20,095) and Debts after one year (+€20,000)
- Tangible fixed assets +€3,922
up €3,922 (+3047.7%), from €129 to €4,051
of which Furniture and vehicles: +€4,051
- Receivables within one year -€2,646
down €2,646 (-9.3%), from €28,381 to €25,735
of which Trade receivables: -€2,420
- Deferred charges and accrued income +€1,145
up €1,145 (+218.7%), from €523 to €1,668
- Debts after one year +€20,000
new in 2025: €20,000
- Other debts -€5,004
down €5,004 (-16.7%), from €30,000 to €24,996
- Gross operating margin -€15,817
down €15,817 (-37.4%), from €42,264 to €26,446
- Taxes -€3,086
down €3,086 (-37.2%), from €8,304 to €5,218
- Depreciation -€850
down €850 (-62.0%), from €1,371 to €521
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 | €63,980 | €80,294 | +€16,315 | +25.5% |
| Fixed assets | 21/28 | €12,647 | €16,570 | +€3,922 | +31.0% |
| Tangible fixed assets | 22/27 | €129 | €4,051 | +€3,922 | +3047.7% |
| Plant, machinery and equipment | 23 | €129 | €0 | -€129 | -100.0% |
| Furniture and vehicles | 24 | €0 | €4,051 | +€4,051 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €12,519 | €12,519 | = | 0.0% |
| Current assets | 29/58 | €51,332 | €63,725 | +€12,392 | +24.1% |
| Amounts receivable within one year | 40/41 | €28,381 | €25,735 | -€2,646 | -9.3% |
| Trade receivables | 40 | €23,958 | €21,538 | -€2,420 | -10.1% |
| Other amounts receivable | 41 | €4,423 | €4,197 | -€226 | -5.1% |
| Cash at bank and in hand | 54/58 | €22,428 | €36,322 | +€13,894 | +62.0% |
| Deferred charges and accrued income | 490/1 | €523 | €1,668 | +€1,145 | +218.7% |
| Total equity and liabilities | 10/49 | €63,980 | €80,294 | +€16,315 | +25.5% |
| Equity | 10/15 | €30,399 | €30,494 | +€95 | +0.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,399 | €10,494 | +€95 | +0.9% |
| Distributable reserves | 133 | €10,399 | €10,494 | +€95 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,580 | €49,800 | +€16,220 | +48.3% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Other amounts payable | 178/9 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €33,580 | €29,800 | -€3,780 | -11.3% |
| Trade debts | 44 | €369 | €965 | +€597 | +161.8% |
| Suppliers | 440/4 | €369 | €965 | +€597 | +161.8% |
| Taxes, remuneration and social security | 45 | €3,212 | €3,839 | +€627 | +19.5% |
| Taxes | 450/3 | €3,212 | €3,839 | +€627 | +19.5% |
| Other amounts payable | 47/48 | €30,000 | €24,996 | -€5,004 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,371 | €521 | -€850 | -62.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €42,264 | €26,446 | -€15,817 | -37.4% |
| Operating profit (loss) | 9901 | €40,444 | €25,464 | -€14,980 | -37.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €152 | +€17 | +12.2% |
| Recurring financial charges | 65 | €135 | €152 | +€17 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €40,309 | €25,313 | -€14,996 | -37.2% |
| Income taxes | 67/77 | €8,304 | €5,218 | -€3,086 | -37.2% |
| Profit (loss) for the period | 9904 | €32,005 | €20,095 | -€11,910 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,005 | €20,095 | -€11,910 | -37.2% |
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 8 October 2026 via checked.be.