C'EST DIVIN: what changed
What changed
C'EST DIVIN
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€53,094
2024 · €94,658-€41,564
Equity
€639,513
2024 · €586,418+€53,094
Cash
€65,000
2024 · €255,000-€190,000
Balance sheet total
€1.1m
2024 · €1.0m+€43,109
Largest movements
Assets
- Receivables after one year +€200,000
new in 2025: €200,000
- Cash -€190,000
down €190,000 (-74.5%), from €255,000 to €65,000
mainly Receivables after one year (-€200,000) and Receivables within one year (-€53,633)
- Receivables within one year +€53,633
up €53,633 (+755%), from €7,100 to €60,733
of which Other amounts receivable: +€51,099
- Tangible fixed assets -€20,151
down €20,151 (-2.7%), from €756,324 to €736,173
of which Land and buildings: -€18,182
Equity and liabilities
- Profit (loss) carried forward +€62,617
up €62,617 (+65.0%), from €96,354 to €158,971
- Debts after one year -€19,220
down €19,220 (-9.4%), from €205,311 to €186,091
- Tax, wage and social debts +€12,804
up €12,804 (+30.7%), from €41,761 to €54,565
Income statement
- Gross operating margin -€67,598
down €67,598 (-39.8%), from €169,771 to €102,173
- Taxes -€18,446
down €18,446 (-51.5%), from €35,833 to €17,387
- Financial charges -€6,811
down €6,811 (-41.0%), from €16,601 to €9,790
- Financial income +€3,816
up €3,816 (+908%), from €420 to €4,237
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€94,658
Gross operating margin
-€67,598
Depreciation
-€59
Other operating charges
+€792
Financial income
+€3,816
Financial charges
+€6,811
Taxes
+€18,446
Deferred taxes and other
-€3,772
Result 2025
€53,094
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€178,534
Investment
-€801
Financing
-€10,665
Cash 2024
€255,000
From operations (derived)
-€178,534
Net result for the year
+€53,094
Depreciation
+€21,501
Receivables after one year
-€200,000
Receivables within one year
-€53,633
Smaller working-capital items
+€212
Provisions
-€4,000
Trade debts
-€3,561
Tax, wage and social debts
+€12,804
Other debts
-€4,950
Investment (derived)
-€801
Investment in fixed assets (net)
-€801
Financing
-€10,665
Debts after one year
-€19,220
Current portion of long-term debt
+€390
Short-term financial debts
+€8,165
Cash 2025
€65,000
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,020,012 | €1,063,121 | +€43,109 | +4.2% |
| Fixed assets | 21/28 | €757,618 | €736,918 | -€20,700 | -2.7% |
| Tangible fixed assets | 22/27 | €756,324 | €736,173 | -€20,151 | -2.7% |
| Land and buildings | 22 | €744,178 | €725,997 | -€18,182 | -2.4% |
| Plant, machinery and equipment | 23 | €12,146 | €10,176 | -€1,969 | -16.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,294 | €745 | -€549 | -42.4% |
| Current assets | 29/58 | €262,394 | €326,203 | +€63,809 | +24.3% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €7,100 | €60,733 | +€53,633 | +755% |
| Trade receivables | 40 | €5,400 | €7,934 | +€2,534 | +46.9% |
| Other amounts receivable | 41 | €1,700 | €52,799 | +€51,099 | +3,006% |
| Cash at bank and in hand | 54/58 | €255,000 | €65,000 | -€190,000 | -74.5% |
| Deferred charges and accrued income | 490/1 | €294 | €470 | +€176 | +59.7% |
| Total equity and liabilities | 10/49 | €1,020,012 | €1,063,121 | +€43,109 | +4.2% |
| Equity | 10/15 | €586,418 | €639,513 | +€53,094 | +9.1% |
| Contributions | 10/11 | €148,700 | €148,700 | = | 0.0% |
| Capital | 10 | €148,700 | €148,700 | = | 0.0% |
| Issued capital | 100 | €148,700 | €148,700 | = | 0.0% |
| Reserves | 13 | €341,364 | €331,841 | -€9,523 | -2.8% |
| Non-distributable reserves | 130/1 | €2,463 | €2,463 | = | 0.0% |
| Legal reserve | 130 | €2,463 | €2,463 | = | 0.0% |
| Tax-exempt reserves | 132 | €338,866 | €329,342 | -€9,523 | -2.8% |
| Distributable reserves | 133 | €36 | €36 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,354 | €158,971 | +€62,617 | +65.0% |
| Provisions and deferred taxes | 16 | €135,253 | €131,252 | -€4,000 | -3.0% |
| Deferred taxes | 168 | €135,253 | €131,252 | -€4,000 | -3.0% |
| Amounts payable | 17/49 | €298,341 | €292,356 | -€5,985 | -2.0% |
| Amounts payable after more than one year | 17 | €205,311 | €186,091 | -€19,220 | -9.4% |
| Financial debts | 170/4 | €205,311 | €186,091 | -€19,220 | -9.4% |
| Amounts payable within one year | 42/48 | €92,416 | €105,263 | +€12,847 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €18,830 | €19,220 | +€390 | +2.1% |
| Financial debts | 43 | €22,199 | €30,364 | +€8,165 | +36.8% |
| Credit institutions | 430/8 | €22,199 | €30,364 | +€8,165 | +36.8% |
| Trade debts | 44 | €4,675 | €1,114 | -€3,561 | -76.2% |
| Suppliers | 440/4 | €4,675 | €1,114 | -€3,561 | -76.2% |
| Taxes, remuneration and social security | 45 | €41,761 | €54,565 | +€12,804 | +30.7% |
| Taxes | 450/3 | €41,761 | €54,565 | +€12,804 | +30.7% |
| Other amounts payable | 47/48 | €4,950 | - | -€4,950 | |
| Accrued charges and deferred income | 492/3 | €615 | €1,003 | +€388 | +63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,442 | €21,501 | +€59 | +0.3% |
| Other operating charges | 640/8 | €9,430 | €8,639 | -€792 | -8.4% |
| Gross operating margin | 9900 | €169,771 | €102,173 | -€67,598 | -39.8% |
| Operating profit (loss) | 9901 | €138,899 | €72,034 | -€66,865 | -48.1% |
| Financial income | 75/76B | €420 | €4,237 | +€3,816 | +908% |
| Recurring financial income | 75 | €420 | €4,237 | +€3,816 | +908% |
| Financial charges | 65/66B | €16,601 | €9,790 | -€6,811 | -41.0% |
| Recurring financial charges | 65 | €16,601 | €9,790 | -€6,811 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €122,718 | €66,481 | -€56,238 | -45.8% |
| Transfer from deferred taxes | 780 | €35,018 | €4,000 | -€31,018 | -88.6% |
| Transfer to deferred taxes | 680 | €27,246 | - | -€27,246 | |
| Income taxes | 67/77 | €35,833 | €17,387 | -€18,446 | -51.5% |
| Profit (loss) for the period | 9904 | €94,658 | €53,094 | -€41,564 | -43.9% |
| Transfer from tax-exempt reserves | 789 | €69,763 | €9,523 | -€60,240 | -86.3% |
| Transfer to tax-exempt reserves | 689 | €81,738 | - | -€81,738 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,683 | €62,617 | -€20,066 | -24.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.