Diederik Rogiers: 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.
Diederik Rogiers
Largest movements
- Receivables after one year -€164,156
down €164,156 (-100%), from €164,156 to €0
- Stocks and contracts +€64,816
new in 2025: €64,816
- Cash +€58,239
up €58,239 (+74.4%), from €78,296 to €136,535
mainly Other debts (+€216,528) and Receivables after one year (+€164,156)
- Receivables within one year -€7,205
down €7,205 (-57.4%), from €12,552 to €5,347
of which Other amounts receivable: -€8,543
- Tangible fixed assets -€4,583
down €4,583 (-4.4%), from €104,306 to €99,723
of which Furniture and vehicles: -€4,838
- Contributions -€240,576
down €240,576 (-92.8%), from €259,168 to €18,592
- Other debts +€216,528
up €216,528 (+8,900%), from €2,433 to €218,961
- Reserves -€54,680
down €54,680 (-44.8%), from €122,129 to €67,449
of which Distributable reserves: -€46,715
- Profit (loss) carried forward +€15,632
up €15,632 (+65.6%), from -€23,835 to -€8,202
- Trade debts +€8,451
up €8,451, from €0 to €8,451
- Gross operating margin +€29,693
up €29,693, from -€3,002 to €26,691
- Financial income -€2,278
down €2,278 (-100.0%), from €2,278 to €0
- Other operating charges +€1,117
up €1,117 (+48.9%), from €2,287 to €3,404
- Financial charges +€467
up €467, from -€217 to €250
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 | €359,895 | €307,168 | -€52,728 | -14.7% |
| Fixed assets | 21/28 | €104,306 | €99,723 | -€4,583 | -4.4% |
| Tangible fixed assets | 22/27 | €104,306 | €99,723 | -€4,583 | -4.4% |
| Land and buildings | 22 | €93,691 | €92,144 | -€1,547 | -1.7% |
| Plant, machinery and equipment | 23 | €296 | €2,097 | +€1,801 | +609% |
| Furniture and vehicles | 24 | €10,319 | €5,482 | -€4,838 | -46.9% |
| Current assets | 29/58 | €255,589 | €207,445 | -€48,144 | -18.8% |
| Amounts receivable after more than one year | 29 | €164,156 | €0 | -€164,156 | -100% |
| Other amounts receivable | 291 | €164,156 | €0 | -€164,156 | -100% |
| Stocks and contracts in progress | 3 | - | €64,816 | +€64,816 | |
| Stocks | 30/36 | - | €64,816 | +€64,816 | |
| Amounts receivable within one year | 40/41 | €12,552 | €5,347 | -€7,205 | -57.4% |
| Trade receivables | 40 | - | €1,338 | +€1,338 | |
| Other amounts receivable | 41 | €12,552 | €4,009 | -€8,543 | -68.1% |
| Cash at bank and in hand | 54/58 | €78,296 | €136,535 | +€58,239 | +74.4% |
| Deferred charges and accrued income | 490/1 | €585 | €747 | +€162 | +27.6% |
| Total equity and liabilities | 10/49 | €359,895 | €307,168 | -€52,728 | -14.7% |
| Equity | 10/15 | €357,462 | €77,839 | -€279,623 | -78.2% |
| Contributions | 10/11 | €259,168 | €18,592 | -€240,576 | -92.8% |
| Reserves | 13 | €122,129 | €67,449 | -€54,680 | -44.8% |
| Non-distributable reserves | 130/1 | €7,965 | €0 | -€7,965 | -100% |
| Reserves not available under the articles | 1311 | €7,965 | €0 | -€7,965 | -100% |
| Distributable reserves | 133 | €114,165 | €67,449 | -€46,715 | -40.9% |
| Profit (loss) carried forward | 14 | -€23,835 | -€8,202 | +€15,632 | +65.6% |
| Amounts payable | 17/49 | €2,433 | €229,329 | +€226,896 | +9,326% |
| Amounts payable within one year | 42/48 | €2,433 | €229,329 | +€226,896 | +9,326% |
| Trade debts | 44 | €0 | €8,451 | +€8,451 | |
| Suppliers | 440/4 | €0 | €8,451 | +€8,451 | |
| Taxes, remuneration and social security | 45 | €0 | €1,917 | +€1,917 | |
| Taxes | 450/3 | €0 | €1,917 | +€1,917 | |
| Other amounts payable | 47/48 | €2,433 | €218,961 | +€216,528 | +8,900% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,960 | €7,205 | +€244 | +3.5% |
| Other operating charges | 640/8 | €2,287 | €3,404 | +€1,117 | +48.9% |
| Gross operating margin | 9900 | -€3,002 | €26,691 | +€29,693 | |
| Operating profit (loss) | 9901 | -€12,249 | €16,082 | +€28,331 | |
| Financial income | 75/76B | €2,278 | €0 | -€2,278 | -100.0% |
| Recurring financial income | 75 | €2,278 | €0 | -€2,278 | -100.0% |
| Financial charges | 65/66B | -€217 | €250 | +€467 | |
| Recurring financial charges | 65 | -€217 | €250 | +€467 | |
| Profit (loss) for the period before taxes | 9903 | -€9,754 | €15,833 | +€25,587 | |
| Income taxes | 67/77 | €64 | €200 | +€136 | +213% |
| Profit (loss) for the period | 9904 | -€9,818 | €15,632 | +€25,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,818 | €15,632 | +€25,450 |
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 30 October 2026 via checked.be.