Bernard Dierinck: 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.
Bernard Dierinck
Largest movements
- Cash +€55,611
up €55,611 (+18.0%), from €309,597 to €365,207
mainly Other debts (+€239,567) and Net result for the year (+€167,977)
- Receivables after one year +€50,000
new in 2025: €50,000
- Current investments -€37,573
down €37,573 (-9.1%), from €414,909 to €377,336
- Other debts +€239,567
up €239,567 (+194%), from €123,639 to €363,207
- Reserves -€173,147
down €173,147 (-29.4%), from €588,124 to €414,977
- Gross operating margin -€18,599
down €18,599 (-8.1%), from €229,831 to €211,232
- Financial income -€11,473
down €11,473 (-47.4%), from €24,204 to €12,731
- Depreciation -€7,521
down €7,521 (-68.7%), from €10,947 to €3,426
- Taxes -€2,694
down €2,694 (-5.0%), from €53,590 to €50,896
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 | €735,892 | €808,774 | +€72,883 | +9.9% |
| Fixed assets | 21/28 | €4,826 | €6,718 | +€1,892 | +39.2% |
| Tangible fixed assets | 22/27 | €4,826 | €6,718 | +€1,892 | +39.2% |
| Plant, machinery and equipment | 23 | €3,292 | €2,162 | -€1,130 | -34.3% |
| Furniture and vehicles | 24 | €1,534 | €4,556 | +€3,022 | +197% |
| Current assets | 29/58 | €731,066 | €802,056 | +€70,991 | +9.7% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €1,070 | €776 | -€294 | -27.5% |
| Trade receivables | 40 | €1,070 | €776 | -€294 | -27.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €414,909 | €377,336 | -€37,573 | -9.1% |
| Cash at bank and in hand | 54/58 | €309,597 | €365,207 | +€55,611 | +18.0% |
| Deferred charges and accrued income | 490/1 | €5,491 | €8,737 | +€3,247 | +59.1% |
| Total equity and liabilities | 10/49 | €735,892 | €808,774 | +€72,883 | +9.9% |
| Equity | 10/15 | €606,674 | €433,527 | -€173,147 | -28.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €588,124 | €414,977 | -€173,147 | -29.4% |
| Distributable reserves | 133 | €588,124 | €414,977 | -€173,147 | -29.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,218 | €375,247 | +€246,030 | +190% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €129,116 | €375,247 | +€246,131 | +191% |
| Current portion of amounts payable after more than one year | 42 | €781 | €0 | -€781 | -100% |
| Trade debts | 44 | €407 | €4,653 | +€4,246 | +1,044% |
| Suppliers | 440/4 | €407 | €4,653 | +€4,246 | +1,044% |
| Taxes, remuneration and social security | 45 | €4,289 | €7,388 | +€3,099 | +72.2% |
| Taxes | 450/3 | €4,289 | €7,388 | +€3,099 | +72.2% |
| Other amounts payable | 47/48 | €123,639 | €363,207 | +€239,567 | +194% |
| Accrued charges and deferred income | 492/3 | €102 | €0 | -€102 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,947 | €3,426 | -€7,521 | -68.7% |
| Other operating charges | 640/8 | €750 | €1,170 | +€420 | +55.9% |
| Gross operating margin | 9900 | €229,831 | €211,232 | -€18,599 | -8.1% |
| Operating profit (loss) | 9901 | €218,134 | €206,636 | -€11,498 | -5.3% |
| Financial income | 75/76B | €24,204 | €12,731 | -€11,473 | -47.4% |
| Recurring financial income | 75 | €24,204 | €12,731 | -€11,473 | -47.4% |
| Financial charges | 65/66B | €624 | €494 | -€130 | -20.9% |
| Recurring financial charges | 65 | €624 | €494 | -€130 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €241,714 | €218,873 | -€22,841 | -9.4% |
| Income taxes | 67/77 | €53,590 | €50,896 | -€2,694 | -5.0% |
| Profit (loss) for the period | 9904 | €188,124 | €167,977 | -€20,147 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €188,124 | €167,977 | -€20,147 | -10.7% |
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 14 October 2026 via checked.be.