ANTONIS DIRK: 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.
ANTONIS DIRK
Largest movements
- Tangible fixed assets -€24,345
down €24,345 (-44.8%), from €54,352 to €30,007
of which Plant, machinery and equipment: -€16,704
- Receivables within one year +€16,173
up €16,173 (+33.4%), from €48,362 to €64,535
of which Trade receivables: +€24,814
- Current portion of long-term debt -€20,504
no longer reported in 2025 (was €20,504)
- Accrued charges and deferred income +€16,439
up €16,439 (+484%), from €3,397 to €19,836
- Other debts +€6,118
up €6,118 (+15.0%), from €40,920 to €47,039
- Trade debts -€4,441
down €4,441 (-91.4%), from €4,861 to €420
- Tax, wage and social debts -€4,254
no longer reported in 2025 (was €4,254)
of which Remuneration and social security: -€3,163
- Gross operating margin -€112,335
down €112,335 (-81.3%), from €138,121 to €25,786
- Staff costs -€110,281
down €110,281, from €108,890 to -€1,391
- Depreciation -€17,665
down €17,665 (-40.7%), from €43,438 to €25,773
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 | €196,386 | €188,380 | -€8,005 | -4.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €55,697 | €31,352 | -€24,345 | -43.7% |
| Tangible fixed assets | 22/27 | €54,352 | €30,007 | -€24,345 | -44.8% |
| Land and buildings | 22 | €3,067 | €2,669 | -€397 | -13.0% |
| Plant, machinery and equipment | 23 | €22,312 | €5,608 | -€16,704 | -74.9% |
| Furniture and vehicles | 24 | €28,973 | €21,730 | -€7,243 | -25.0% |
| Financial fixed assets | 28 | €1,345 | €1,345 | = | 0.0% |
| Current assets | 29/58 | €140,689 | €157,028 | +€16,340 | +11.6% |
| Amounts receivable within one year | 40/41 | €48,362 | €64,535 | +€16,173 | +33.4% |
| Trade receivables | 40 | €36,759 | €61,573 | +€24,814 | +67.5% |
| Other amounts receivable | 41 | €11,603 | €2,962 | -€8,641 | -74.5% |
| Cash at bank and in hand | 54/58 | €92,251 | €91,146 | -€1,105 | -1.2% |
| Deferred charges and accrued income | 490/1 | €75 | €1,347 | +€1,272 | +1,695% |
| Total equity and liabilities | 10/49 | €196,386 | €188,380 | -€8,005 | -4.1% |
| Equity | 10/15 | €122,450 | €121,086 | -€1,364 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,850 | €102,486 | -€1,364 | -1.3% |
| Distributable reserves | 133 | €103,850 | €102,486 | -€1,364 | -1.3% |
| Amounts payable | 17/49 | €73,936 | €67,294 | -€6,641 | -9.0% |
| Amounts payable within one year | 42/48 | €70,539 | €47,459 | -€23,080 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €20,504 | - | -€20,504 | |
| Trade debts | 44 | €4,861 | €420 | -€4,441 | -91.4% |
| Suppliers | 440/4 | €4,861 | €420 | -€4,441 | -91.4% |
| Taxes, remuneration and social security | 45 | €4,254 | - | -€4,254 | |
| Taxes | 450/3 | €1,091 | - | -€1,091 | |
| Remuneration and social security | 454/9 | €3,163 | - | -€3,163 | |
| Other amounts payable | 47/48 | €40,920 | €47,039 | +€6,118 | +15.0% |
| Accrued charges and deferred income | 492/3 | €3,397 | €19,836 | +€16,439 | +484% |
| Non-recurring operating income | 76A | €64,347 | - | -€64,347 | |
| Remuneration, social security and pensions | 62 | €108,890 | -€1,391 | -€110,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,438 | €25,773 | -€17,665 | -40.7% |
| Other operating charges | 640/8 | €1,525 | €1,230 | -€295 | -19.4% |
| Gross operating margin | 9900 | €138,121 | €25,786 | -€112,335 | -81.3% |
| Operating profit (loss) | 9901 | -€15,732 | €174 | +€15,906 | |
| Financial income | 75/76B | €179 | €5 | -€174 | -97.3% |
| Recurring financial income | 75 | €179 | €5 | -€174 | -97.3% |
| Financial charges | 65/66B | €925 | €529 | -€397 | -42.9% |
| Recurring financial charges | 65 | €925 | €529 | -€397 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,478 | -€350 | +€16,129 | +97.9% |
| Income taxes | 67/77 | €70 | €1,014 | +€944 | +1,346% |
| Profit (loss) for the period | 9904 | -€16,549 | -€1,364 | +€15,185 | +91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,549 | -€1,364 | +€15,185 | +91.8% |
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 15 October 2026 via checked.be.