DIVANI: what changed
What changed
DIVANI
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€395,970
2024 · -€278,678+€674,649
Equity
€71.1m
2024 · €71.8m-€703,090
Cash
€742,984
2024 · €1.4m-€644,948
Balance sheet total
€129.9m
2024 · €120.7m+€9.2m
Largest movements
Assets
- Receivables within one year +€12.2m
up €12.2m (+32.5%), from €37.7m to €49.9m
of which Other amounts receivable: +€12.4m
- Tangible fixed assets -€2.1m
down €2.1m (-7.2%), from €29.5m to €27.4m
of which Land and buildings: -€2.1m
Equity and liabilities
- Short-term financial debts +€16.4m
up €16.4m (+80.4%), from €20.4m to €36.8m
- Other debts -€5.3m
down €5.3m (-70.9%), from €7.5m to €2.2m
Income statement
- Goods and materials -€2.2m
down €2.2m (-78.7%), from €2.8m to €606,466
of which Change in stocks: decrease (increase): -€2.5m
- Turnover -€2.2m
down €2.2m (-78.2%), from €2.8m to €608,252
- Financial income +€975,641
up €975,641 (+75.6%), from €1.3m to €2.3m
of which Financial income: +€982,872
- Financial charges +€288,183
up €288,183 (+22.6%), from €1.3m to €1.6m
of which Financial charges: +€288,183
- Depreciation +€247,695
up €247,695 (+10.9%), from €2.3m to €2.5m
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
-€278,678
Turnover
-€2.2m
Other operating income
+€201,235
Goods and materials
+€2.2m
Services and other goods
-€13,284
Depreciation
-€247,695
Write-downs
-€1,427
Provisions
-€220,000
Other operating charges
-€22,475
Other operating items
+€235,105
Financial income
+€975,641
Financial charges
-€288,183
Taxes
+€85
Result 2025
€395,970
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
-€14.9m
Investment
-€416,185
Financing
+€14.7m
Cash 2024
€1.4m
From operations (derived)
-€14.9m
Net result for the year
+€395,970
Depreciation
+€2.5m
Stocks and contracts
+€169,241
Receivables within one year
-€12.2m
Deferred charges and accrued income
+€88,408
Trade debts
-€155,050
Tax, wage and social debts
-€377,636
Other debts
-€5.3m
Accrued charges and deferred income
-€41,039
Investment (derived)
-€416,185
Investment in fixed assets (net)
-€416,185
Financing
+€14.7m
Debts after one year
-€1.1m
Current portion of long-term debt
+€525,664
Short-term financial debts
+€16.4m
Contributions, distributions and other
-€1.1m
Cash 2025
€742,984
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,716,914 | €129,942,860 | +€9.2m | +7.6% |
| Fixed assets | 21/28 | €53,749,382 | €51,652,067 | -€2.1m | -3.9% |
| Tangible fixed assets | 22/27 | €29,534,322 | €27,407,007 | -€2.1m | -7.2% |
| Land and buildings | 22 | €29,534,322 | €27,407,007 | -€2.1m | -7.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €24,215,060 | €24,245,060 | +€30,000 | +0.1% |
| Affiliated companies | 280/1 | €24,215,000 | €24,245,000 | +€30,000 | +0.1% |
| Participating interests | 280 | €24,215,000 | €24,245,000 | +€30,000 | +0.1% |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €60 | €60 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €66,967,532 | €78,290,793 | +€11.3m | +16.9% |
| Stocks and contracts in progress | 3 | €27,828,279 | €27,659,038 | -€169,241 | -0.6% |
| Stocks | 30/36 | €27,828,279 | €27,659,038 | -€169,241 | -0.6% |
| Property held for sale | 35 | €27,810,009 | €27,659,038 | -€150,971 | -0.5% |
| Advance payments | 36 | €18,270 | €0 | -€18,270 | -100% |
| Amounts receivable within one year | 40/41 | €37,654,125 | €49,879,982 | +€12.2m | +32.5% |
| Trade receivables | 40 | €271,818 | €62,363 | -€209,455 | -77.1% |
| Other amounts receivable | 41 | €37,382,307 | €49,817,619 | +€12.4m | +33.3% |
| Current investments | 50/53 | €3,687 | €3,687 | = | 0.0% |
| Other investments | 51/53 | €3,687 | €3,687 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,387,932 | €742,984 | -€644,948 | -46.5% |
| Deferred charges and accrued income | 490/1 | €93,510 | €5,102 | -€88,408 | -94.5% |
| Total equity and liabilities | 10/49 | €120,716,914 | €129,942,860 | +€9.2m | +7.6% |
| Equity | 10/15 | €71,803,065 | €71,099,975 | -€703,090 | -1.0% |
| Contributions | 10/11 | €70,460,290 | €70,460,290 | = | 0.0% |
| Capital | 10 | €70,460,290 | €70,460,290 | = | 0.0% |
| Issued capital | 100 | €70,460,290 | €70,460,290 | = | 0.0% |
| Reserves | 13 | €1,330,000 | €630,000 | -€700,000 | -52.6% |
| Non-distributable reserves | 130/1 | €290,000 | €310,000 | +€20,000 | +6.9% |
| Legal reserve | 130 | €290,000 | €310,000 | +€20,000 | +6.9% |
| Distributable reserves | 133 | €1,040,000 | €320,000 | -€720,000 | -69.2% |
| Profit (loss) carried forward | 14 | €12,775 | €9,685 | -€3,090 | -24.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €48,913,849 | €58,842,885 | +€9.9m | +20.3% |
| Amounts payable after more than one year | 17 | €18,509,132 | €17,378,620 | -€1.1m | -6.1% |
| Financial debts | 170/4 | €18,480,483 | €17,349,972 | -€1.1m | -6.1% |
| Credit institutions | 173 | €18,480,483 | €17,349,972 | -€1.1m | -6.1% |
| Other amounts payable | 178/9 | €28,649 | €28,649 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,075,973 | €41,176,559 | +€11.1m | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €1,604,847 | €2,130,511 | +€525,664 | +32.8% |
| Financial debts | 43 | €20,399,000 | €36,796,160 | +€16.4m | +80.4% |
| Credit institutions | 430/8 | €20,399,000 | €36,796,160 | +€16.4m | +80.4% |
| Trade debts | 44 | €225,793 | €70,743 | -€155,050 | -68.7% |
| Suppliers | 440/4 | €225,793 | €70,743 | -€155,050 | -68.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €382,451 | €4,815 | -€377,636 | -98.7% |
| Taxes | 450/3 | €382,451 | €4,815 | -€377,636 | -98.7% |
| Other amounts payable | 47/48 | €7,463,881 | €2,174,329 | -€5.3m | -70.9% |
| Accrued charges and deferred income | 492/3 | €328,745 | €287,706 | -€41,039 | -12.5% |
| Operating income | 70/76A | €5,421,634 | €3,453,522 | -€2.0m | -36.3% |
| Turnover | 70 | €2,792,704 | €608,252 | -€2.2m | -78.2% |
| Other operating income | 74 | €2,618,930 | €2,820,165 | +€201,235 | +7.7% |
| Non-recurring operating income | 76A | €10,000 | €25,105 | +€15,105 | +151% |
| Operating charges | 60/66A | €5,715,977 | €3,760,759 | -€2.0m | -34.2% |
| Goods for resale, raw materials and consumables | 60 | €2,846,565 | €606,466 | -€2.2m | -78.7% |
| Purchases | 600/8 | €167,380 | €455,495 | +€288,115 | +172% |
| Change in stocks: decrease (increase) | 609 | €2,679,184 | €150,971 | -€2.5m | -94.4% |
| Services and other goods | 61 | €261,876 | €275,160 | +€13,284 | +5.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,265,805 | €2,513,499 | +€247,695 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,100 | €2,527 | +€1,427 | +130% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€220,000 | €0 | +€220,000 | |
| Other operating charges | 640/8 | €340,631 | €363,106 | +€22,475 | +6.6% |
| Non-recurring operating charges | 66A | €220,000 | €0 | -€220,000 | -100% |
| Operating profit (loss) | 9901 | -€294,342 | -€307,237 | -€12,895 | -4.4% |
| Financial income | 75/76B | €1,289,796 | €2,265,437 | +€975,641 | +75.6% |
| Recurring financial income | 75 | €1,282,565 | €2,265,437 | +€982,872 | +76.6% |
| Income from financial fixed assets | 750 | €31,869 | €0 | -€31,869 | -100% |
| Income from current assets | 751 | €1,250,696 | €2,264,769 | +€1.0m | +81.1% |
| Other financial income | 752/9 | €0 | €668 | +€668 | +333,970% |
| Non-recurring financial income | 76B | €7,231 | €0 | -€7,231 | -100% |
| Financial charges | 65/66B | €1,273,908 | €1,562,090 | +€288,183 | +22.6% |
| Recurring financial charges | 65 | €1,273,908 | €1,562,090 | +€288,183 | +22.6% |
| Debt charges | 650 | €1,265,301 | €1,550,055 | +€284,753 | +22.5% |
| Other financial charges | 652/9 | €8,606 | €12,036 | +€3,429 | +39.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€278,454 | €396,110 | +€674,564 | |
| Income taxes | 67/77 | €225 | €140 | -€85 | -37.8% |
| Taxes | 670/3 | €356 | €140 | -€216 | -60.8% |
| Tax adjustments and reversals of tax provisions | 77 | €131 | €0 | -€131 | -100% |
| Profit (loss) for the period | 9904 | -€278,678 | €395,970 | +€674,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€278,678 | €395,970 | +€674,649 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 15 December 2024 and 15 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.