Dierckx Stef: 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 Stef
Largest movements
- Cash +€103,850
up €103,850 (+210%), from €49,381 to €153,231
mainly Other debts (+€163,613) and Net result for the year (+€79,304)
- Tangible fixed assets -€54,061
down €54,061 (-20.1%), from €269,342 to €215,281
of which Land and buildings: -€36,235
- Receivables within one year -€11,614
down €11,614 (-75.5%), from €15,376 to €3,762
of which Trade receivables: -€10,500
- Other debts +€163,613
up €163,613 (+876%), from €18,681 to €182,294
- Reserves -€98,585
down €98,585 (-39.0%), from €252,882 to €154,297
- Debts after one year -€35,122
down €35,122 (-30.5%), from €114,990 to €79,868
- Financial income +€56,136
up €56,136 (+1,260%), from €4,457 to €60,593
- Gross operating margin +€15,318
up €15,318 (+18.7%), from €81,983 to €97,302
- Taxes +€9,314
up €9,314 (+93.6%), from €9,949 to €19,263
- Depreciation +€3,148
up €3,148 (+6.2%), from €50,912 to €54,061
- Financial charges -€2,588
down €2,588 (-49.3%), from €5,251 to €2,662
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 | €439,683 | €477,741 | +€38,058 | +8.7% |
| Fixed assets | 21/28 | €269,342 | €215,281 | -€54,061 | -20.1% |
| Tangible fixed assets | 22/27 | €269,342 | €215,281 | -€54,061 | -20.1% |
| Land and buildings | 22 | €195,860 | €159,625 | -€36,235 | -18.5% |
| Furniture and vehicles | 24 | €73,481 | €55,656 | -€17,826 | -24.3% |
| Current assets | 29/58 | €170,341 | €262,460 | +€92,118 | +54.1% |
| Amounts receivable within one year | 40/41 | €15,376 | €3,762 | -€11,614 | -75.5% |
| Trade receivables | 40 | €10,500 | €0 | -€10,500 | -100% |
| Other amounts receivable | 41 | €4,876 | €3,762 | -€1,114 | -22.8% |
| Current investments | 50/53 | €104,852 | €104,852 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,381 | €153,231 | +€103,850 | +210% |
| Deferred charges and accrued income | 490/1 | €732 | €614 | -€118 | -16.2% |
| Total equity and liabilities | 10/49 | €439,683 | €477,741 | +€38,058 | +8.7% |
| Equity | 10/15 | €271,482 | €172,897 | -€98,585 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252,882 | €154,297 | -€98,585 | -39.0% |
| Distributable reserves | 133 | €252,882 | €154,297 | -€98,585 | -39.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €168,201 | €304,844 | +€136,643 | +81.2% |
| Amounts payable after more than one year | 17 | €114,990 | €79,868 | -€35,122 | -30.5% |
| Financial debts | 170/4 | €114,990 | €79,868 | -€35,122 | -30.5% |
| Amounts payable within one year | 42/48 | €53,211 | €223,088 | +€169,877 | +319% |
| Current portion of amounts payable after more than one year | 42 | €34,531 | €35,122 | +€591 | +1.7% |
| Trade debts | 44 | €0 | €1,697 | +€1,697 | |
| Suppliers | 440/4 | €0 | €1,697 | +€1,697 | |
| Taxes, remuneration and social security | 45 | €0 | €3,975 | +€3,975 | |
| Taxes | 450/3 | €0 | €3,975 | +€3,975 | |
| Other amounts payable | 47/48 | €18,681 | €182,294 | +€163,613 | +876% |
| Accrued charges and deferred income | 492/3 | €0 | €1,888 | +€1,888 | |
| Remuneration, social security and pensions | 62 | €1,709 | €1,581 | -€127 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,912 | €54,061 | +€3,148 | +6.2% |
| Other operating charges | 640/8 | €2,651 | €1,023 | -€1,628 | -61.4% |
| Gross operating margin | 9900 | €81,983 | €97,302 | +€15,318 | +18.7% |
| Operating profit (loss) | 9901 | €26,711 | €40,636 | +€13,926 | +52.1% |
| Financial income | 75/76B | €4,457 | €60,593 | +€56,136 | +1,260% |
| Recurring financial income | 75 | €4,457 | €60,593 | +€56,136 | +1,260% |
| Financial charges | 65/66B | €5,251 | €2,662 | -€2,588 | -49.3% |
| Recurring financial charges | 65 | €5,251 | €2,662 | -€2,588 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €25,917 | €98,567 | +€72,650 | +280% |
| Income taxes | 67/77 | €9,949 | €19,263 | +€9,314 | +93.6% |
| Profit (loss) for the period | 9904 | €15,968 | €79,304 | +€63,337 | +397% |
| Profit (loss) for the period to be appropriated | 9905 | €15,968 | €79,304 | +€63,337 | +397% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.