DIERCKX-PERSOONS: 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.
DIERCKX-PERSOONS
Largest movements
- Tangible fixed assets +€104,721
up €104,721 (+17.1%), from €613,558 to €718,280
of which Plant, machinery and equipment: +€117,938
- Intangible fixed assets -€84,000
down €84,000 (-11.0%), from €766,557 to €682,557
- Cash -€66,851
down €66,851 (-32.6%), from €205,040 to €138,189
mainly Investment in fixed assets (net) (-€130,140) and Tax, wage and social debts (-€35,788)
- Tax, wage and social debts -€35,788
down €35,788 (-37.6%), from €95,153 to €59,365
of which Remuneration and social security: -€38,619
- Trade debts -€30,509
down €30,509 (-48.5%), from €62,870 to €32,361
- Reserves +€23,616
new in 2026: €23,616
- Profit (loss) carried forward +€19,084
up €19,084, from -€19,084 to €0
- Gross operating margin +€69,072
up €69,072 (+16.2%), from €427,621 to €496,693
- Staff costs -€35,385
down €35,385 (-10.9%), from €324,728 to €289,343
- Depreciation +€22,131
up €22,131 (+25.4%), from €87,288 to €109,418
- Taxes +€10,921
new in 2026: €10,921
- Financial charges +€8,653
up €8,653 (+25.9%), from €33,459 to €42,112
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,653,661 | €1,617,362 | -€36,299 | -2.2% |
| Fixed assets | 21/28 | €1,380,116 | €1,400,837 | +€20,721 | +1.5% |
| Intangible fixed assets | 21 | €766,557 | €682,557 | -€84,000 | -11.0% |
| Tangible fixed assets | 22/27 | €613,558 | €718,280 | +€104,721 | +17.1% |
| Land and buildings | 22 | €589,465 | €574,814 | -€14,652 | -2.5% |
| Plant, machinery and equipment | 23 | €24,093 | €142,030 | +€117,938 | +490% |
| Furniture and vehicles | 24 | - | €1,435 | +€1,435 | |
| Current assets | 29/58 | €273,545 | €216,525 | -€57,021 | -20.8% |
| Amounts receivable within one year | 40/41 | €6,868 | €9,569 | +€2,701 | +39.3% |
| Trade receivables | 40 | €6,868 | €220 | -€6,648 | -96.8% |
| Other amounts receivable | 41 | - | €9,349 | +€9,349 | |
| Cash at bank and in hand | 54/58 | €205,040 | €138,189 | -€66,851 | -32.6% |
| Deferred charges and accrued income | 490/1 | €61,637 | €68,766 | +€7,129 | +11.6% |
| Total equity and liabilities | 10/49 | €1,653,661 | €1,617,362 | -€36,299 | -2.2% |
| Equity | 10/15 | €70,916 | €113,616 | +€42,700 | +60.2% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | - | €23,616 | +€23,616 | |
| Distributable reserves | 133 | - | €23,616 | +€23,616 | |
| Profit (loss) carried forward | 14 | -€19,084 | €0 | +€19,084 | |
| Amounts payable | 17/49 | €1,582,745 | €1,503,746 | -€78,999 | -5.0% |
| Amounts payable after more than one year | 17 | €1,323,565 | €1,307,873 | -€15,692 | -1.2% |
| Financial debts | 170/4 | €1,323,565 | €1,307,873 | -€15,692 | -1.2% |
| Amounts payable within one year | 42/48 | €254,838 | €191,501 | -€63,337 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €96,816 | €99,775 | +€2,960 | +3.1% |
| Trade debts | 44 | €62,870 | €32,361 | -€30,509 | -48.5% |
| Suppliers | 440/4 | €62,870 | €32,361 | -€30,509 | -48.5% |
| Taxes, remuneration and social security | 45 | €95,153 | €59,365 | -€35,788 | -37.6% |
| Taxes | 450/3 | €11,425 | €14,256 | +€2,831 | +24.8% |
| Remuneration and social security | 454/9 | €83,728 | €45,108 | -€38,619 | -46.1% |
| Accrued charges and deferred income | 492/3 | €4,342 | €4,372 | +€30 | +0.7% |
| Remuneration, social security and pensions | 62 | €324,728 | €289,343 | -€35,385 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,288 | €109,418 | +€22,131 | +25.4% |
| Other operating charges | 640/8 | €1,230 | €2,204 | +€973 | +79.1% |
| Gross operating margin | 9900 | €427,621 | €496,693 | +€69,072 | +16.2% |
| Operating profit (loss) | 9901 | €14,375 | €95,728 | +€81,353 | +566% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €33,459 | €42,112 | +€8,653 | +25.9% |
| Recurring financial charges | 65 | €33,459 | €42,112 | +€8,653 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,084 | €53,621 | +€72,705 | |
| Income taxes | 67/77 | - | €10,921 | +€10,921 | |
| Profit (loss) for the period | 9904 | -€19,084 | €42,700 | +€61,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,084 | €42,700 | +€61,784 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.