Adviesbureau DIRCO: what changed
What changed
Adviesbureau DIRCO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€255,334
2024 · €104,267-€359,601
Equity
€1.7m
2024 · €1.9m-€255,334
Cash
€54,023
2024 · €45,500+€8,523
Balance sheet total
€1.9m
2024 · €2.3m-€385,546
Largest movements
Assets
- Receivables within one year -€318,342
down €318,342 (-59.3%), from €536,464 to €218,122
of which Other amounts receivable: -€256,598
- Tangible fixed assets -€38,802
down €38,802 (-2.5%), from €1.6m to €1.5m
of which Plant, machinery and equipment: -€50,733
- Stocks and contracts -€35,000
down €35,000 (-26.7%), from €130,984 to €95,984
Equity and liabilities
- Reserves -€255,334
down €255,334 (-13.6%), from €1.9m to €1.6m
of which Distributable reserves: -€255,334
- Trade debts -€56,409
down €56,409 (-84.9%), from €66,414 to €10,005
- Advances received -€52,659
down €52,659 (-72.5%), from €72,659 to €20,000
- Debts after one year -€38,091
down €38,091 (-51.7%), from €73,717 to €35,626
Income statement
- Gross operating margin -€315,106
down €315,106 (-52.8%), from €596,304 to €281,198
- Depreciation +€26,497
up €26,497 (+40.2%), from €65,917 to €92,415
- Staff costs +€17,173
up €17,173 (+4.8%), from €358,931 to €376,104
- Other operating charges -€15,430
down €15,430 (-48.2%), from €32,011 to €16,581
- Taxes +€15,222
up €15,222 (+32.7%), from €46,517 to €61,739
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
€104,267
Gross operating margin
-€315,106
Staff costs
-€17,173
Depreciation
-€26,497
Other operating charges
+€15,430
Other operating items
+€400
Financial income
-€9,197
Financial charges
+€7,764
Taxes
-€15,222
Result 2025
-€255,334
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
+€91,322
Investment
-€52,559
Financing
-€30,240
Cash 2024
€45,500
From operations (derived)
+€91,322
Net result for the year
-€255,334
Depreciation
+€92,415
Stocks and contracts
+€35,000
Receivables within one year
+€318,342
Deferred charges and accrued income
+€871
Trade debts
-€56,409
Tax, wage and social debts
+€6,749
Advances received
-€52,659
Other debts
+€2,227
Accrued charges and deferred income
+€120
Investment (derived)
-€52,559
Investment in fixed assets (net)
-€52,559
Financing
-€30,240
Debts after one year
-€38,091
Current portion of long-term debt
+€7,851
Cash 2025
€54,023
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,308,044 | €1,922,499 | -€385,546 | -16.7% |
| Fixed assets | 21/28 | €1,559,440 | €1,519,584 | -€39,856 | -2.6% |
| Intangible fixed assets | 21 | €5,076 | €4,022 | -€1,054 | -20.8% |
| Tangible fixed assets | 22/27 | €1,553,739 | €1,514,937 | -€38,802 | -2.5% |
| Land and buildings | 22 | €374,276 | €370,086 | -€4,190 | -1.1% |
| Plant, machinery and equipment | 23 | €205,023 | €154,289 | -€50,733 | -24.7% |
| Furniture and vehicles | 24 | €628,550 | €628,035 | -€515 | -0.1% |
| Other tangible fixed assets | 26 | €345,890 | €362,527 | +€16,637 | +4.8% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €748,605 | €402,915 | -€345,690 | -46.2% |
| Stocks and contracts in progress | 3 | €130,984 | €95,984 | -€35,000 | -26.7% |
| Stocks | 30/36 | €130,984 | €95,984 | -€35,000 | -26.7% |
| Amounts receivable within one year | 40/41 | €536,464 | €218,122 | -€318,342 | -59.3% |
| Trade receivables | 40 | €99,291 | €37,546 | -€61,745 | -62.2% |
| Other amounts receivable | 41 | €437,173 | €180,575 | -€256,598 | -58.7% |
| Current investments | 50/53 | €27,226 | €27,226 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,500 | €54,023 | +€8,523 | +18.7% |
| Deferred charges and accrued income | 490/1 | €8,431 | €7,560 | -€871 | -10.3% |
| Total equity and liabilities | 10/49 | €2,308,044 | €1,922,499 | -€385,546 | -16.7% |
| Equity | 10/15 | €1,937,228 | €1,681,894 | -€255,334 | -13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,875,228 | €1,619,894 | -€255,334 | -13.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,650 | €49,650 | = | 0.0% |
| Distributable reserves | 133 | €1,819,378 | €1,564,044 | -€255,334 | -14.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €370,816 | €240,605 | -€130,212 | -35.1% |
| Amounts payable after more than one year | 17 | €73,717 | €35,626 | -€38,091 | -51.7% |
| Financial debts | 170/4 | €73,717 | €35,626 | -€38,091 | -51.7% |
| Amounts payable within one year | 42/48 | €296,280 | €204,039 | -€92,241 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €40,285 | €48,136 | +€7,851 | +19.5% |
| Trade debts | 44 | €66,414 | €10,005 | -€56,409 | -84.9% |
| Suppliers | 440/4 | €66,414 | €10,005 | -€56,409 | -84.9% |
| Advances received on contracts in progress | 46 | €72,659 | €20,000 | -€52,659 | -72.5% |
| Taxes, remuneration and social security | 45 | €86,548 | €93,297 | +€6,749 | +7.8% |
| Taxes | 450/3 | €44,200 | €63,015 | +€18,815 | +42.6% |
| Remuneration and social security | 454/9 | €42,348 | €30,282 | -€12,066 | -28.5% |
| Other amounts payable | 47/48 | €30,374 | €32,601 | +€2,227 | +7.3% |
| Accrued charges and deferred income | 492/3 | €820 | €940 | +€120 | +14.6% |
| Non-recurring operating income | 76A | - | €1,539 | +€1,539 | |
| Remuneration, social security and pensions | 62 | €358,931 | €376,104 | +€17,173 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,917 | €92,415 | +€26,497 | +40.2% |
| Other operating charges | 640/8 | €32,011 | €16,581 | -€15,430 | -48.2% |
| Non-recurring operating charges | 66A | €400 | €0 | -€400 | -100% |
| Gross operating margin | 9900 | €596,304 | €281,198 | -€315,106 | -52.8% |
| Operating profit (loss) | 9901 | €139,044 | -€203,902 | -€342,946 | |
| Financial income | 75/76B | €25,545 | €16,348 | -€9,197 | -36.0% |
| Recurring financial income | 75 | €25,545 | €16,348 | -€9,197 | -36.0% |
| Financial charges | 65/66B | €13,806 | €6,041 | -€7,764 | -56.2% |
| Recurring financial charges | 65 | €13,806 | €6,041 | -€7,764 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €150,784 | -€193,595 | -€344,379 | |
| Income taxes | 67/77 | €46,517 | €61,739 | +€15,222 | +32.7% |
| Profit (loss) for the period | 9904 | €104,267 | -€255,334 | -€359,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,267 | -€255,334 | -€359,601 |
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 8 November 2026 via checked.be.