DIVIST: 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.
What changed
DIVIST
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€64,085
2024 · €5,269+€58,815
Equity
€1.0m
2024 · €1.1m-€22,278
Cash
€5,086
2024 · €19,758-€14,672
Balance sheet total
€1.5m
2024 · €1.5m-€83,490
Largest movements
Assets
- Current investments -€55,868
down €55,868 (-41.0%), from €136,207 to €80,340
Equity and liabilities
- Current portion of long-term debt -€101,100
no longer reported in 2025 (was €101,100)
- Other debts +€90,815
up €90,815 (+596.2%), from €15,233 to €106,047
- Reserves -€81,093
down €81,093 (-10.5%), from €774,692 to €693,599
of which Distributable reserves: -€76,296
- Profit (loss) carried forward +€58,815
up €58,815, from -€5,891 to €52,924
- Debts after one year -€53,900
down €53,900 (-18.0%), from €300,000 to €246,100
Income statement
- Turnover +€80,951
new in 2025: €80,951
- Gross operating margin +€60,543
up €60,543 (+74.6%), from €81,197 to €141,740
- Purchases and services +€32,150
new in 2025: €32,150
- Taxes +€18,833
up €18,833 (+457.2%), from €4,119 to €22,953
- Financial income +€8,468
up €8,468 (+124.4%), from €6,808 to €15,276
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.
Result 2024
€5,269
Gross operating margin
+€60,543
Depreciation
+€2,353
Other operating charges
-€1,132
Financial income
+€8,468
Financial charges
+€7,416
Taxes
-€18,833
Result 2025
€64,085
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.
From operations
+€223,619
Investment
+€3,073
Financing
-€241,363
Cash 2024
€19,758
From operations (derived)
+€223,619
Net result for the year
+€64,085
Depreciation
+€52,016
Receivables within one year
+€10,089
Deferred charges and accrued income
+€3,641
Provisions
-€1,599
Trade debts
+€445
Tax, wage and social debts
+€4,110
Other debts
+€90,815
Accrued charges and deferred income
+€17
Investment (derived)
+€3,073
Investment in fixed assets (net)
-€52,795
Current investments
+€55,868
Financing
-€241,363
Debts after one year
-€53,900
Current portion of long-term debt
-€101,100
Contributions, distributions and other
-€86,363
Cash 2025
€5,086
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,537,344 | €1,453,854 | -€83,490 | -5.4% |
| Fixed assets | 21/28 | €1,364,670 | €1,365,449 | +€779 | +0.1% |
| Tangible fixed assets | 22/27 | €1,364,670 | €1,365,449 | +€779 | +0.1% |
| Land and buildings | 22 | €1,342,761 | €1,351,795 | +€9,034 | +0.7% |
| Plant, machinery and equipment | 23 | €3,415 | €5,940 | +€2,525 | +73.9% |
| Furniture and vehicles | 24 | €18,495 | €7,715 | -€10,780 | -58.3% |
| Current assets | 29/58 | €172,674 | €88,405 | -€84,269 | -48.8% |
| Amounts receivable within one year | 40/41 | €13,068 | €2,979 | -€10,089 | -77.2% |
| Trade receivables | 40 | €10,917 | - | -€10,917 | |
| Other amounts receivable | 41 | €2,151 | €2,979 | +€828 | +38.5% |
| Current investments | 50/53 | €136,207 | €80,340 | -€55,868 | -41.0% |
| Cash at bank and in hand | 54/58 | €19,758 | €5,086 | -€14,672 | -74.3% |
| Deferred charges and accrued income | 490/1 | €3,641 | - | -€3,641 | |
| Total equity and liabilities | 10/49 | €1,537,344 | €1,453,854 | -€83,490 | -5.4% |
| Equity | 10/15 | €1,063,802 | €1,041,523 | -€22,278 | -2.1% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €774,692 | €693,599 | -€81,093 | -10.5% |
| Tax-exempt reserves | 132 | €152,706 | €147,909 | -€4,797 | -3.1% |
| Distributable reserves | 133 | €621,986 | €545,690 | -€76,296 | -12.3% |
| Profit (loss) carried forward | 14 | -€5,891 | €52,924 | +€58,815 | |
| Provisions and deferred taxes | 16 | €50,902 | €49,303 | -€1,599 | -3.1% |
| Deferred taxes | 168 | €50,902 | €49,303 | -€1,599 | -3.1% |
| Amounts payable | 17/49 | €422,641 | €363,027 | -€59,613 | -14.1% |
| Amounts payable after more than one year | 17 | €300,000 | €246,100 | -€53,900 | -18.0% |
| Financial debts | 170/4 | €300,000 | €246,100 | -€53,900 | -18.0% |
| Amounts payable within one year | 42/48 | €121,683 | €115,952 | -€5,730 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €101,100 | - | -€101,100 | |
| Trade debts | 44 | €1,296 | €1,741 | +€445 | +34.3% |
| Suppliers | 440/4 | €1,296 | €1,741 | +€445 | +34.3% |
| Taxes, remuneration and social security | 45 | €4,054 | €8,164 | +€4,110 | +101.4% |
| Taxes | 450/3 | €4,054 | €8,164 | +€4,110 | +101.4% |
| Other amounts payable | 47/48 | €15,233 | €106,047 | +€90,815 | +596.2% |
| Accrued charges and deferred income | 492/3 | €958 | €975 | +€17 | +1.8% |
| Turnover | 70 | - | €80,951 | +€80,951 | |
| Non-recurring operating income | 76A | - | €49,989 | +€49,989 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €32,150 | +€32,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,369 | €52,016 | -€2,353 | -4.3% |
| Other operating charges | 640/8 | €5,210 | €6,342 | +€1,132 | +21.7% |
| Gross operating margin | 9900 | €81,197 | €141,740 | +€60,543 | +74.6% |
| Operating profit (loss) | 9901 | €21,618 | €83,382 | +€61,764 | +285.7% |
| Financial income | 75/76B | €6,808 | €15,276 | +€8,468 | +124.4% |
| Recurring financial income | 75 | €6,808 | €15,276 | +€8,468 | +124.4% |
| Financial charges | 65/66B | €20,636 | €13,220 | -€7,416 | -35.9% |
| Recurring financial charges | 65 | €20,636 | €13,220 | -€7,416 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €7,790 | €85,438 | +€77,649 | +996.8% |
| Transfer from deferred taxes | 780 | €1,599 | €1,599 | = | 0.0% |
| Income taxes | 67/77 | €4,119 | €22,953 | +€18,833 | +457.2% |
| Profit (loss) for the period | 9904 | €5,269 | €64,085 | +€58,815 | +1116.1% |
| Transfer from tax-exempt reserves | 789 | €4,797 | €4,797 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,067 | €68,882 | +€58,815 | +584.3% |
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 2 October 2026 via checked.be.