BERT DIERCKX: 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.
BERT DIERCKX
Largest movements
- Cash +€33,367
up €33,367 (+34.9%), from €95,622 to €128,989
mainly Other debts (+€64,242) and Net result for the year (+€18,031)
- Receivables within one year -€17,812
down €17,812 (-53.7%), from €33,177 to €15,365
- Other debts +€64,242
up €64,242 (+7,897%), from €814 to €65,056
- Reserves -€45,680
down €45,680 (-33.8%), from €135,088 to €89,407
of which Distributable reserves: -€45,680
- Trade debts -€7,382
down €7,382 (-93.7%), from €7,881 to €500
- Tax, wage and social debts +€3,358
up €3,358 (+105%), from €3,210 to €6,569
- Gross operating margin -€3,863
down €3,863 (-11.5%), from €33,494 to €29,632
- Financial charges +€2,243
up €2,243 (+3,518%), from €64 to €2,307
- Taxes -€1,625
down €1,625 (-15.4%), from €10,582 to €8,957
- Depreciation -€545
down €545 (-83.8%), from €651 to €105
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 | €166,993 | €181,563 | +€14,570 | +8.7% |
| Fixed assets | 21/28 | €36,691 | €36,585 | -€105 | -0.3% |
| Tangible fixed assets | 22/27 | €1,691 | €1,585 | -€105 | -6.2% |
| Land and buildings | 22 | €1,641 | €1,585 | -€56 | -3.4% |
| Furniture and vehicles | 24 | €50 | - | -€50 | |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €130,302 | €144,978 | +€14,676 | +11.3% |
| Amounts receivable within one year | 40/41 | €33,177 | €15,365 | -€17,812 | -53.7% |
| Trade receivables | 40 | €33,177 | €15,365 | -€17,812 | -53.7% |
| Cash at bank and in hand | 54/58 | €95,622 | €128,989 | +€33,367 | +34.9% |
| Deferred charges and accrued income | 490/1 | €1,503 | €624 | -€879 | -58.5% |
| Total equity and liabilities | 10/49 | €166,993 | €181,563 | +€14,570 | +8.7% |
| Equity | 10/15 | €155,088 | €109,407 | -€45,680 | -29.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €135,088 | €89,407 | -€45,680 | -33.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €133,088 | €87,407 | -€45,680 | -34.3% |
| Amounts payable | 17/49 | €11,905 | €72,156 | +€60,251 | +506% |
| Amounts payable within one year | 42/48 | €11,905 | €72,124 | +€60,219 | +506% |
| Trade debts | 44 | €7,881 | €500 | -€7,382 | -93.7% |
| Suppliers | 440/4 | €7,881 | €500 | -€7,382 | -93.7% |
| Taxes, remuneration and social security | 45 | €3,210 | €6,569 | +€3,358 | +105% |
| Taxes | 450/3 | €3,210 | €6,569 | +€3,358 | +105% |
| Other amounts payable | 47/48 | €814 | €65,056 | +€64,242 | +7,897% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €105 | -€545 | -83.8% |
| Other operating charges | 640/8 | €687 | €736 | +€50 | +7.2% |
| Gross operating margin | 9900 | €33,494 | €29,632 | -€3,863 | -11.5% |
| Operating profit (loss) | 9901 | €32,157 | €28,790 | -€3,367 | -10.5% |
| Financial income | 75/76B | €584 | €504 | -€80 | -13.7% |
| Recurring financial income | 75 | €584 | €504 | -€80 | -13.7% |
| Financial charges | 65/66B | €64 | €2,307 | +€2,243 | +3,518% |
| Recurring financial charges | 65 | €64 | €2,307 | +€2,243 | +3,518% |
| Profit (loss) for the period before taxes | 9903 | €32,678 | €26,987 | -€5,690 | -17.4% |
| Income taxes | 67/77 | €10,582 | €8,957 | -€1,625 | -15.4% |
| Profit (loss) for the period | 9904 | €22,096 | €18,031 | -€4,065 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,096 | €18,031 | -€4,065 | -18.4% |
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 28 October 2026 via checked.be.