DIVIN: 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.
DIVIN
Largest movements
- Intangible fixed assets -€16,674
down €16,674 (-26.9%), from €61,901 to €45,226
- Receivables within one year -€8,395
down €8,395 (-77.6%), from €10,815 to €2,420
of which Trade receivables: -€6,630
- Deferred charges and accrued income -€4,140
no longer reported in 2025 (was €4,140)
- Advances received -€11,284
no longer reported in 2025 (was €11,284)
- Other debts -€9,462
down €9,462 (-10.9%), from €87,093 to €77,631
- Profit (loss) carried forward -€6,805
down €6,805 (-19.8%), from -€34,383 to -€41,188
- Trade debts -€5,404
down €5,404 (-79.9%), from €6,764 to €1,360
- Tax, wage and social debts +€2,259
new in 2025: €2,259
- Gross operating margin +€2,368
up €2,368 (+27.8%), from €8,529 to €10,897
- Financial charges -€477
down €477 (-71.6%), from €665 to €189
- Other operating charges -€395
down €395 (-60.3%), from €654 to €259
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 | €91,218 | €60,521 | -€30,696 | -33.7% |
| Fixed assets | 21/28 | €74,695 | €57,441 | -€17,254 | -23.1% |
| Intangible fixed assets | 21 | €61,901 | €45,226 | -€16,674 | -26.9% |
| Tangible fixed assets | 22/27 | €2,168 | €1,588 | -€580 | -26.7% |
| Furniture and vehicles | 24 | €2,168 | €1,588 | -€580 | -26.7% |
| Financial fixed assets | 28 | €10,627 | €10,627 | = | 0.0% |
| Current assets | 29/58 | €16,522 | €3,080 | -€13,442 | -81.4% |
| Amounts receivable within one year | 40/41 | €10,815 | €2,420 | -€8,395 | -77.6% |
| Trade receivables | 40 | €9,050 | €2,420 | -€6,630 | -73.3% |
| Other amounts receivable | 41 | €1,765 | - | -€1,765 | |
| Cash at bank and in hand | 54/58 | €1,568 | €660 | -€908 | -57.9% |
| Deferred charges and accrued income | 490/1 | €4,140 | - | -€4,140 | |
| Total equity and liabilities | 10/49 | €91,218 | €60,521 | -€30,696 | -33.7% |
| Equity | 10/15 | -€13,923 | -€20,728 | -€6,805 | -48.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,383 | -€41,188 | -€6,805 | -19.8% |
| Amounts payable | 17/49 | €105,141 | €81,250 | -€23,891 | -22.7% |
| Amounts payable within one year | 42/48 | €105,141 | €81,250 | -€23,891 | -22.7% |
| Trade debts | 44 | €6,764 | €1,360 | -€5,404 | -79.9% |
| Suppliers | 440/4 | €6,764 | €1,360 | -€5,404 | -79.9% |
| Advances received on contracts in progress | 46 | €11,284 | - | -€11,284 | |
| Taxes, remuneration and social security | 45 | - | €2,259 | +€2,259 | |
| Taxes | 450/3 | - | €2,259 | +€2,259 | |
| Other amounts payable | 47/48 | €87,093 | €77,631 | -€9,462 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,254 | €17,254 | = | 0.0% |
| Other operating charges | 640/8 | €654 | €259 | -€395 | -60.3% |
| Gross operating margin | 9900 | €8,529 | €10,897 | +€2,368 | +27.8% |
| Operating profit (loss) | 9901 | -€9,379 | -€6,616 | +€2,763 | +29.5% |
| Financial charges | 65/66B | €665 | €189 | -€477 | -71.6% |
| Recurring financial charges | 65 | €665 | €189 | -€477 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,045 | -€6,805 | +€3,239 | +32.2% |
| Profit (loss) for the period | 9904 | -€10,045 | -€6,805 | +€3,239 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,045 | -€6,805 | +€3,239 | +32.2% |
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 28 September 2026 via checked.be.