ANN DIERICKX: what changed
Two financial 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.
ANN DIERICKX
Largest movements
- Current investments +€479,399
up €479,399 (+30.4%), from €1.6m to €2.1m
- Cash -€260,507
down €260,507 (-58.2%), from €447,600 to €187,093
mainly Current investments (-€479,399) and Contributions, distributions and other (-€268,350)
- Receivables within one year -€27,770
down €27,770 (-88.5%), from €31,373 to €3,603
of which Other amounts receivable: -€16,852
- Tangible fixed assets -€24,624
down €24,624 (-56.8%), from €43,336 to €18,711
of which Furniture and vehicles: -€40,441
- Reserves +€127,338
up €127,338 (+6.2%), from €2.1m to €2.2m
- Other debts +€30,160
new in 2025: €30,160
- Gross operating margin +€150,177
up €150,177 (+35.4%), from €424,694 to €574,871
- Taxes +€48,004
up €48,004 (+34.7%), from €138,387 to €186,392
- Financial income -€18,599
down €18,599 (-43.5%), from €42,762 to €24,163
- Depreciation -€12,131
down €12,131 (-83.3%), from €14,571 to €2,440
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.
Derived cash bridge
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 | €2,102,277 | €2,274,052 | +€171,775 | +8.2% |
| Fixed assets | 21/28 | €43,336 | €18,711 | -€24,624 | -56.8% |
| Tangible fixed assets | 22/27 | €43,336 | €18,711 | -€24,624 | -56.8% |
| Furniture and vehicles | 24 | €42,884 | €2,443 | -€40,441 | -94.3% |
| Leasing and similar rights | 25 | €452 | €319 | -€132 | -29.3% |
| Other tangible fixed assets | 26 | - | €15,949 | +€15,949 | |
| Current assets | 29/58 | €2,058,942 | €2,255,341 | +€196,399 | +9.5% |
| Amounts receivable within one year | 40/41 | €31,373 | €3,603 | -€27,770 | -88.5% |
| Trade receivables | 40 | €14,289 | €3,371 | -€10,918 | -76.4% |
| Other amounts receivable | 41 | €17,084 | €232 | -€16,852 | -98.6% |
| Current investments | 50/53 | €1,578,988 | €2,058,387 | +€479,399 | +30.4% |
| Cash at bank and in hand | 54/58 | €447,600 | €187,093 | -€260,507 | -58.2% |
| Deferred charges and accrued income | 490/1 | €980 | €6,257 | +€5,277 | +539% |
| Total equity and liabilities | 10/49 | €2,102,277 | €2,274,052 | +€171,775 | +8.2% |
| Equity | 10/15 | €2,083,341 | €2,210,678 | +€127,338 | +6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,069,736 | €2,197,074 | +€127,338 | +6.2% |
| Distributable reserves | 133 | €2,069,736 | €2,197,074 | +€127,338 | +6.2% |
| Profit (loss) carried forward | 14 | €1,204 | €1,204 | = | 0.0% |
| Amounts payable | 17/49 | €18,937 | €63,374 | +€44,437 | +235% |
| Amounts payable within one year | 42/48 | €18,783 | €63,007 | +€44,224 | +235% |
| Trade debts | 44 | €509 | €696 | +€188 | +36.9% |
| Suppliers | 440/4 | €509 | €696 | +€188 | +36.9% |
| Taxes, remuneration and social security | 45 | €18,274 | €32,150 | +€13,876 | +75.9% |
| Taxes | 450/3 | €15,474 | €31,050 | +€15,576 | +101% |
| Remuneration and social security | 454/9 | €2,800 | €1,100 | -€1,700 | -60.7% |
| Other amounts payable | 47/48 | - | €30,160 | +€30,160 | |
| Accrued charges and deferred income | 492/3 | €154 | €367 | +€214 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,571 | €2,440 | -€12,131 | -83.3% |
| Other operating charges | 640/8 | €5,815 | €4,088 | -€1,727 | -29.7% |
| Non-recurring operating charges | 66A | - | €8,063 | +€8,063 | |
| Gross operating margin | 9900 | €424,694 | €574,871 | +€150,177 | +35.4% |
| Operating profit (loss) | 9901 | €404,308 | €560,281 | +€155,973 | +38.6% |
| Financial income | 75/76B | €42,762 | €24,163 | -€18,599 | -43.5% |
| Recurring financial income | 75 | €42,762 | €24,163 | -€18,599 | -43.5% |
| Financial charges | 65/66B | €887 | €2,365 | +€1,478 | +167% |
| Recurring financial charges | 65 | €887 | €2,365 | +€1,478 | +167% |
| Profit (loss) for the period before taxes | 9903 | €446,183 | €582,079 | +€135,896 | +30.5% |
| Income taxes | 67/77 | €138,387 | €186,392 | +€48,004 | +34.7% |
| Profit (loss) for the period | 9904 | €307,796 | €395,688 | +€87,891 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €307,796 | €395,688 | +€87,891 | +28.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.