Dierckx: what changed
Two fiscal 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.
Dierckx
Largest movements
- Receivables within one year +€703,250
up €703,250 (+35.5%), from €2.0m to €2.7m
of which Trade receivables: +€808,634
- Tangible fixed assets -€47,885
down €47,885 (-12.9%), from €369,896 to €322,011
of which Land and buildings: -€30,718
- Trade debts +€588,219
up €588,219 (+146.5%), from €401,626 to €989,845
- Reserves +€127,951
up €127,951 (+6.6%), from €1.9m to €2.1m
of which Distributable reserves: +€127,951
- Tax, wage and social debts -€73,155
down €73,155 (-37.7%), from €194,266 to €121,111
of which Remuneration and social security: -€61,599
- Accrued charges and deferred income +€38,571
up €38,571 (+374.1%), from €10,309 to €48,879
- Gross operating margin -€44,396
down €44,396 (-2.8%), from €1.6m to €1.5m
- Financial income +€32,998
up €32,998 (+21.7%), from €152,370 to €185,368
- Staff costs -€20,630
down €20,630 (-1.4%), from €1.4m to €1.4m
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.
Cash bridge derived
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 | €2,715,331 | €3,396,916 | +€681,585 | +25.1% |
| Fixed assets | 21/28 | €400,088 | €398,501 | -€1,587 | -0.4% |
| Intangible fixed assets | 21 | - | €23,931 | +€23,931 | |
| Tangible fixed assets | 22/27 | €369,896 | €322,011 | -€47,885 | -12.9% |
| Land and buildings | 22 | €294,192 | €263,474 | -€30,718 | -10.4% |
| Plant, machinery and equipment | 23 | €62,620 | €48,973 | -€13,646 | -21.8% |
| Furniture and vehicles | 24 | €13,084 | €9,563 | -€3,521 | -26.9% |
| Financial fixed assets | 28 | €30,192 | €52,559 | +€22,367 | +74.1% |
| Current assets | 29/58 | €2,315,242 | €2,998,415 | +€683,173 | +29.5% |
| Stocks and contracts in progress | 3 | €319,523 | €303,577 | -€15,946 | -5.0% |
| Stocks | 30/36 | €319,523 | €303,577 | -€15,946 | -5.0% |
| Amounts receivable within one year | 40/41 | €1,981,199 | €2,684,449 | +€703,250 | +35.5% |
| Trade receivables | 40 | €1,875,815 | €2,684,449 | +€808,634 | +43.1% |
| Other amounts receivable | 41 | €105,384 | - | -€105,384 | |
| Cash at bank and in hand | 54/58 | €7,823 | - | -€7,823 | |
| Deferred charges and accrued income | 490/1 | €6,697 | €10,389 | +€3,692 | +55.1% |
| Total equity and liabilities | 10/49 | €2,715,331 | €3,396,916 | +€681,585 | +25.1% |
| Equity | 10/15 | €2,105,796 | €2,233,747 | +€127,951 | +6.1% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €1,930,796 | €2,058,747 | +€127,951 | +6.6% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €210,500 | = | 0.0% |
| Distributable reserves | 133 | €1,702,796 | €1,830,747 | +€127,951 | +7.5% |
| Amounts payable | 17/49 | €609,535 | €1,163,168 | +€553,634 | +90.8% |
| Amounts payable within one year | 42/48 | €599,226 | €1,114,289 | +€515,063 | +86.0% |
| Financial debts | 43 | €3,333 | €3,333 | = | 0.0% |
| Credit institutions | 430/8 | €3,333 | €3,333 | = | 0.0% |
| Trade debts | 44 | €401,626 | €989,845 | +€588,219 | +146.5% |
| Suppliers | 440/4 | €401,626 | €989,845 | +€588,219 | +146.5% |
| Taxes, remuneration and social security | 45 | €194,266 | €121,111 | -€73,155 | -37.7% |
| Taxes | 450/3 | €11,556 | - | -€11,556 | |
| Remuneration and social security | 454/9 | €182,710 | €121,111 | -€61,599 | -33.7% |
| Accrued charges and deferred income | 492/3 | €10,309 | €48,879 | +€38,571 | +374.1% |
| Remuneration, social security and pensions | 62 | €1,442,806 | €1,422,176 | -€20,630 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,730 | €70,580 | -€1,151 | -1.6% |
| Other operating charges | 640/8 | €14,764 | €15,722 | +€958 | +6.5% |
| Gross operating margin | 9900 | €1,568,231 | €1,523,835 | -€44,396 | -2.8% |
| Operating profit (loss) | 9901 | €38,931 | €15,357 | -€23,574 | -60.6% |
| Financial income | 75/76B | €152,370 | €185,368 | +€32,998 | +21.7% |
| Recurring financial income | 75 | €152,370 | €185,368 | +€32,998 | +21.7% |
| Financial charges | 65/66B | €33,202 | €25,568 | -€7,634 | -23.0% |
| Recurring financial charges | 65 | €33,202 | €25,568 | -€7,634 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €158,099 | €175,157 | +€17,058 | +10.8% |
| Income taxes | 67/77 | €45,807 | €47,206 | +€1,398 | +3.1% |
| Profit (loss) for the period | 9904 | €112,291 | €127,951 | +€15,660 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,291 | €127,951 | +€15,660 | +13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.