DIERENS WILLIAM: what changed
DIERENS WILLIAM
Largest movements
- Tangible fixed assets -€173,192
down €173,192 (-30.2%), from €573,299 to €400,107
of which Land and buildings: -€141,160
- Cash +€25,883
up €25,883 (+229%), from €11,284 to €37,168
mainly Investment in fixed assets (net) (+€123,741) and Depreciation (+€49,451)
- Other debts -€136,762
down €136,762 (-79.2%), from €172,590 to €35,828
- Tax, wage and social debts -€26,074
down €26,074 (-79.6%), from €32,738 to €6,664
- Accrued charges and deferred income +€14,739
up €14,739 (+3,805%), from €387 to €15,126
- Financial charges +€14,461
up €14,461 (+2,174%), from €665 to €15,126
- Depreciation -€9,980
down €9,980 (-16.8%), from €59,431 to €49,451
- Gross operating margin +€9,757
up €9,757 (+14.7%), from €66,292 to €76,050
- Taxes +€1,953
up €1,953 (+82.9%), from €2,355 to €4,308
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,790 | €443,203 | -€146,586 | -24.9% |
| Fixed assets | 21/28 | €573,299 | €400,107 | -€173,192 | -30.2% |
| Tangible fixed assets | 22/27 | €573,299 | €400,107 | -€173,192 | -30.2% |
| Land and buildings | 22 | €439,440 | €298,280 | -€141,160 | -32.1% |
| Plant, machinery and equipment | 23 | €1,459 | - | -€1,459 | |
| Furniture and vehicles | 24 | €132,400 | €101,827 | -€30,573 | -23.1% |
| Current assets | 29/58 | €16,491 | €43,096 | +€26,605 | +161% |
| Amounts receivable within one year | 40/41 | - | €150 | +€150 | |
| Trade receivables | 40 | - | €150 | +€150 | |
| Cash at bank and in hand | 54/58 | €11,284 | €37,168 | +€25,883 | +229% |
| Deferred charges and accrued income | 490/1 | €5,207 | €5,779 | +€572 | +11.0% |
| Total equity and liabilities | 10/49 | €589,790 | €443,203 | -€146,586 | -24.9% |
| Equity | 10/15 | €380,927 | €384,884 | +€3,957 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €362,327 | €366,284 | +€3,957 | +1.1% |
| Tax-exempt reserves | 132 | €19,700 | €19,700 | = | 0.0% |
| Distributable reserves | 133 | €342,627 | €346,584 | +€3,957 | +1.2% |
| Amounts payable | 17/49 | €208,863 | €58,319 | -€150,543 | -72.1% |
| Amounts payable within one year | 42/48 | €208,475 | €43,193 | -€165,282 | -79.3% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €3,147 | €688 | -€2,459 | -78.1% |
| Suppliers | 440/4 | €3,147 | €688 | -€2,459 | -78.1% |
| Taxes, remuneration and social security | 45 | €32,738 | €6,664 | -€26,074 | -79.6% |
| Taxes | 450/3 | €32,738 | €6,664 | -€26,074 | -79.6% |
| Other amounts payable | 47/48 | €172,590 | €35,828 | -€136,762 | -79.2% |
| Accrued charges and deferred income | 492/3 | €387 | €15,126 | +€14,739 | +3,805% |
| Non-recurring operating income | 76A | €25,000 | €75,010 | +€50,010 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,431 | €49,451 | -€9,980 | -16.8% |
| Other operating charges | 640/8 | €3,594 | €3,208 | -€387 | -10.8% |
| Gross operating margin | 9900 | €66,292 | €76,050 | +€9,757 | +14.7% |
| Operating profit (loss) | 9901 | €3,267 | €23,391 | +€20,124 | +616% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.4% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.4% |
| Financial charges | 65/66B | €665 | €15,126 | +€14,461 | +2,174% |
| Recurring financial charges | 65 | €665 | €15,126 | +€14,461 | +2,174% |
| Profit (loss) for the period before taxes | 9903 | €2,609 | €8,265 | +€5,656 | +217% |
| Income taxes | 67/77 | €2,355 | €4,308 | +€1,953 | +82.9% |
| Profit (loss) for the period | 9904 | €254 | €3,957 | +€3,703 | +1,459% |
| Profit (loss) for the period to be appropriated | 9905 | €254 | €3,957 | +€3,703 | +1,459% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.