DIERCKX MANAGEMENT: 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.
What changed
DIERCKX MANAGEMENT
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€132,098
2024 · €9,284+€122,814
Equity
€1.0m
2024 · €880,876+€127,098
Cash
€59,417
2024 · €109,523-€50,105
Balance sheet total
€13.0m
2024 · €12.5m+€557,081
Largest movements
Assets
- Tangible fixed assets +€228,111
up €228,111 (+4.1%), from €5.5m to €5.7m
of which Land and buildings: +€172,204
- Receivables within one year +€225,024
up €225,024 (+39,417%), from €571 to €225,595
of which Trade receivables: +€125,345
- Deferred charges and accrued income +€154,052
up €154,052 (+94.7%), from €162,700 to €316,751
Equity and liabilities
- Short-term financial debts +€590,340
up €590,340 (+44.4%), from €1.3m to €1.9m
of which Other loans: +€440,000
- Debts after one year -€180,877
down €180,877 (-5.8%), from €3.1m to €3.0m
Income statement
- Gross operating margin +€366,678
up €366,678 (+54.9%), from €668,088 to €1.0m
- Depreciation +€181,641
up €181,641 (+117%), from €154,852 to €336,493
- Taxes +€54,353
up €54,353 (+914%), from €5,948 to €60,301
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.
Result 2024
€9,284
Gross operating margin
+€366,678
Staff costs
-€2,535
Depreciation
-€181,641
Other operating charges
-€3,855
Other operating items
-€5,177
Financial income
+€875
Financial charges
+€2,822
Taxes
-€54,353
Result 2025
€132,098
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€106,442
Investment
-€564,603
Financing
+€408,056
Cash 2024
€109,523
From operations (derived)
+€106,442
Net result for the year
+€132,098
Depreciation
+€336,493
Receivables within one year
-€225,024
Deferred charges and accrued income
-€154,052
Provisions
+€14,754
Trade debts
-€19,826
Tax, wage and social debts
+€21,999
Investment (derived)
-€564,603
Investment in fixed assets (net)
-€564,603
Financing
+€408,056
Debts after one year
-€180,877
Current portion of long-term debt
+€3,593
Short-term financial debts
+€590,340
Contributions, distributions and other
-€5,000
Cash 2025
€59,417
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,469,961 | €13,027,041 | +€557,081 | +4.5% |
| Fixed assets | 21/28 | €9,997,168 | €10,225,278 | +€228,111 | +2.3% |
| Tangible fixed assets | 22/27 | €5,508,424 | €5,736,534 | +€228,111 | +4.1% |
| Land and buildings | 22 | €5,440,582 | €5,612,786 | +€172,204 | +3.2% |
| Plant, machinery and equipment | 23 | €46,394 | €37,918 | -€8,476 | -18.3% |
| Furniture and vehicles | 24 | €21,447 | €85,830 | +€64,383 | +300% |
| Financial fixed assets | 28 | €4,488,744 | €4,488,744 | = | 0.0% |
| Current assets | 29/58 | €2,472,793 | €2,801,763 | +€328,970 | +13.3% |
| Amounts receivable after more than one year | 29 | €2,200,000 | €2,200,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,200,000 | €2,200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €571 | €225,595 | +€225,024 | +39,417% |
| Trade receivables | 40 | - | €125,345 | +€125,345 | |
| Other amounts receivable | 41 | €571 | €100,250 | +€99,679 | +17,461% |
| Cash at bank and in hand | 54/58 | €109,523 | €59,417 | -€50,105 | -45.7% |
| Deferred charges and accrued income | 490/1 | €162,700 | €316,751 | +€154,052 | +94.7% |
| Total equity and liabilities | 10/49 | €12,469,961 | €13,027,041 | +€557,081 | +4.5% |
| Equity | 10/15 | €880,876 | €1,007,974 | +€127,098 | +14.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €860,876 | €987,974 | +€127,098 | +14.8% |
| Distributable reserves | 133 | €860,876 | €987,974 | +€127,098 | +14.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €6,749,505 | €6,764,259 | +€14,754 | +0.2% |
| Provisions for liabilities and charges | 160/5 | €6,749,505 | €6,764,259 | +€14,754 | +0.2% |
| Environmental obligations | 163 | €6,749,505 | - | -€6.7m | |
| Other liabilities and charges | 164/5 | - | €6,764,259 | +€6.8m | |
| Amounts payable | 17/49 | €4,839,580 | €5,254,809 | +€415,229 | +8.6% |
| Amounts payable after more than one year | 17 | €3,131,847 | €2,950,969 | -€180,877 | -5.8% |
| Financial debts | 170/4 | €3,131,847 | €2,950,969 | -€180,877 | -5.8% |
| Amounts payable within one year | 42/48 | €1,707,733 | €2,303,839 | +€596,106 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €175,497 | €179,090 | +€3,593 | +2.0% |
| Financial debts | 43 | €1,328,459 | €1,918,799 | +€590,340 | +44.4% |
| Credit institutions | 430/8 | €1,328,459 | €1,478,799 | +€150,340 | +11.3% |
| Other loans | 439 | - | €440,000 | +€440,000 | |
| Trade debts | 44 | €132,148 | €112,323 | -€19,826 | -15.0% |
| Suppliers | 440/4 | €132,148 | €112,323 | -€19,826 | -15.0% |
| Taxes, remuneration and social security | 45 | €65,489 | €87,487 | +€21,999 | +33.6% |
| Taxes | 450/3 | €48,997 | €70,501 | +€21,505 | +43.9% |
| Remuneration and social security | 454/9 | €16,492 | €16,986 | +€494 | +3.0% |
| Other amounts payable | 47/48 | €6,140 | €6,140 | = | 0.0% |
| Non-recurring operating income | 76A | €55,954 | €61,831 | +€5,877 | +10.5% |
| Remuneration, social security and pensions | 62 | €100,171 | €102,706 | +€2,535 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,852 | €336,493 | +€181,641 | +117% |
| Other operating charges | 640/8 | €29,282 | €33,138 | +€3,855 | +13.2% |
| Non-recurring operating charges | 66A | €43,775 | €48,952 | +€5,177 | +11.8% |
| Gross operating margin | 9900 | €668,088 | €1,034,766 | +€366,678 | +54.9% |
| Operating profit (loss) | 9901 | €340,008 | €513,477 | +€173,470 | +51.0% |
| Financial income | 75/76B | €154,708 | €155,583 | +€875 | +0.6% |
| Recurring financial income | 75 | €154,708 | €155,583 | +€875 | +0.6% |
| Financial charges | 65/66B | €479,484 | €476,662 | -€2,822 | -0.6% |
| Recurring financial charges | 65 | €479,484 | €476,662 | -€2,822 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €15,232 | €192,399 | +€177,167 | +1,163% |
| Income taxes | 67/77 | €5,948 | €60,301 | +€54,353 | +914% |
| Profit (loss) for the period | 9904 | €9,284 | €132,098 | +€122,814 | +1,323% |
| Profit (loss) for the period to be appropriated | 9905 | €9,284 | €132,098 | +€122,814 | +1,323% |
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 25 October 2026 via checked.be.