Divyan: 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.
Divyan
Largest movements
- Cash +€14,405
up €14,405 (+70.4%), from €20,453 to €34,858
mainly Depreciation (+€15,056) and Net result for the year (+€9,666)
- Tangible fixed assets +€1,862
up €1,862 (+3.6%), from €52,372 to €54,234
of which Furniture and vehicles: +€11,204
- Profit (loss) carried forward +€9,666
up €9,666 (+21.2%), from €45,601 to €55,268
- Debts after one year -€4,811
down €4,811 (-74.4%), from €6,466 to €1,654
- Trade debts +€4,406
up €4,406 (+37.1%), from €11,869 to €16,275
- Other debts +€3,751
new in 2025: €3,751
- Tax, wage and social debts +€3,704
up €3,704 (+23.8%), from €15,582 to €19,286
of which Taxes: +€4,829
- Gross operating margin -€36,154
down €36,154 (-24.9%), from €145,403 to €109,248
- Taxes -€5,743
down €5,743 (-54.3%), from €10,573 to €4,829
- Depreciation +€2,953
up €2,953 (+24.4%), from €12,103 to €15,056
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 | €90,108 | €107,045 | +€16,937 | +18.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €52,372 | €54,234 | +€1,862 | +3.6% |
| Tangible fixed assets | 22/27 | €52,372 | €54,234 | +€1,862 | +3.6% |
| Plant, machinery and equipment | 23 | €22,015 | €15,124 | -€6,891 | -31.3% |
| Furniture and vehicles | 24 | €17,708 | €28,911 | +€11,204 | +63.3% |
| Other tangible fixed assets | 26 | €12,649 | €10,198 | -€2,450 | -19.4% |
| Current assets | 29/58 | €37,736 | €52,811 | +€15,074 | +39.9% |
| Stocks and contracts in progress | 3 | €4,657 | €5,000 | +€343 | +7.4% |
| Stocks | 30/36 | €4,657 | €5,000 | +€343 | +7.4% |
| Amounts receivable within one year | 40/41 | €12,377 | €12,143 | -€234 | -1.9% |
| Trade receivables | 40 | €6,462 | €6,088 | -€374 | -5.8% |
| Other amounts receivable | 41 | €5,915 | €6,055 | +€140 | +2.4% |
| Cash at bank and in hand | 54/58 | €20,453 | €34,858 | +€14,405 | +70.4% |
| Deferred charges and accrued income | 490/1 | €249 | €810 | +€560 | +225% |
| Total equity and liabilities | 10/49 | €90,108 | €107,045 | +€16,937 | +18.8% |
| Equity | 10/15 | €51,601 | €61,268 | +€9,666 | +18.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,601 | €55,268 | +€9,666 | +21.2% |
| Amounts payable | 17/49 | €38,507 | €45,777 | +€7,270 | +18.9% |
| Amounts payable after more than one year | 17 | €6,466 | €1,654 | -€4,811 | -74.4% |
| Financial debts | 170/4 | €6,466 | €1,654 | -€4,811 | -74.4% |
| Amounts payable within one year | 42/48 | €32,041 | €44,123 | +€12,082 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €4,591 | €4,811 | +€220 | +4.8% |
| Trade debts | 44 | €11,869 | €16,275 | +€4,406 | +37.1% |
| Suppliers | 440/4 | €11,869 | €16,275 | +€4,406 | +37.1% |
| Taxes, remuneration and social security | 45 | €15,582 | €19,286 | +€3,704 | +23.8% |
| Taxes | 450/3 | €10,573 | €15,402 | +€4,829 | +45.7% |
| Remuneration and social security | 454/9 | €5,009 | €3,884 | -€1,125 | -22.5% |
| Other amounts payable | 47/48 | - | €3,751 | +€3,751 | |
| Remuneration, social security and pensions | 62 | €77,817 | €77,149 | -€668 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,103 | €15,056 | +€2,953 | +24.4% |
| Other operating charges | 640/8 | €1,259 | €825 | -€434 | -34.5% |
| Gross operating margin | 9900 | €145,403 | €109,248 | -€36,154 | -24.9% |
| Operating profit (loss) | 9901 | €54,223 | €16,218 | -€38,005 | -70.1% |
| Financial income | 75/76B | €4 | €101 | +€97 | +2,312% |
| Recurring financial income | 75 | €4 | €101 | +€97 | +2,312% |
| Financial charges | 65/66B | €1,590 | €1,823 | +€234 | +14.7% |
| Recurring financial charges | 65 | €1,590 | €1,823 | +€234 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €52,638 | €14,496 | -€38,142 | -72.5% |
| Income taxes | 67/77 | €10,573 | €4,829 | -€5,743 | -54.3% |
| Profit (loss) for the period | 9904 | €42,065 | €9,666 | -€32,399 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,065 | €9,666 | -€32,399 | -77.0% |
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 13 October 2026 via checked.be.