DIERICK FREDERIK: 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.
DIERICK FREDERIK
Largest movements
- Cash +€274,184
up €274,184 (+237%), from €115,840 to €390,024
mainly Trade debts (+€112,699) and Net result for the year (+€61,622)
- Receivables within one year -€56,735
down €56,735 (-35.6%), from €159,165 to €102,429
of which Trade receivables: -€62,390
- Stocks and contracts -€26,750
down €26,750 (-34.8%), from €76,900 to €50,150
- Tangible fixed assets -€13,060
down €13,060 (-9.8%), from €132,597 to €119,537
- Trade debts +€112,699
up €112,699 (+419%), from €26,875 to €139,573
- Reserves +€61,622
up €61,622 (+18.0%), from €342,014 to €403,635
of which Distributable reserves: +€61,622
- Other debts +€18,861
up €18,861 (+98.2%), from €19,203 to €38,064
- Tax, wage and social debts -€12,535
down €12,535 (-60.5%), from €20,722 to €8,187
- Depreciation +€14,416
up €14,416 (+49.8%), from €28,924 to €43,340
- Gross operating margin +€10,346
up €10,346 (+7.9%), from €131,543 to €141,889
- Financial charges +€1,697
up €1,697 (+225%), from €754 to €2,451
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 | €500,008 | €679,821 | +€179,813 | +36.0% |
| Fixed assets | 21/28 | €132,597 | €119,537 | -€13,060 | -9.8% |
| Tangible fixed assets | 22/27 | €132,597 | €119,537 | -€13,060 | -9.8% |
| Land and buildings | 22 | €14,676 | €9,934 | -€4,742 | -32.3% |
| Plant, machinery and equipment | 23 | €4,723 | €2,679 | -€2,045 | -43.3% |
| Furniture and vehicles | 24 | €113,197 | €106,924 | -€6,273 | -5.5% |
| Current assets | 29/58 | €367,411 | €560,284 | +€192,873 | +52.5% |
| Stocks and contracts in progress | 3 | €76,900 | €50,150 | -€26,750 | -34.8% |
| Stocks | 30/36 | €76,900 | €50,150 | -€26,750 | -34.8% |
| Amounts receivable within one year | 40/41 | €159,165 | €102,429 | -€56,735 | -35.6% |
| Trade receivables | 40 | €136,280 | €73,890 | -€62,390 | -45.8% |
| Other amounts receivable | 41 | €22,885 | €28,540 | +€5,654 | +24.7% |
| Current investments | 50/53 | €10,182 | €10,235 | +€53 | +0.5% |
| Cash at bank and in hand | 54/58 | €115,840 | €390,024 | +€274,184 | +237% |
| Deferred charges and accrued income | 490/1 | €5,325 | €7,445 | +€2,121 | +39.8% |
| Total equity and liabilities | 10/49 | €500,008 | €679,821 | +€179,813 | +36.0% |
| Equity | 10/15 | €418,396 | €479,184 | +€60,789 | +14.5% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €342,014 | €403,635 | +€61,622 | +18.0% |
| Tax-exempt reserves | 132 | €26,288 | €26,288 | = | 0.0% |
| Distributable reserves | 133 | €315,726 | €377,347 | +€61,622 | +19.5% |
| Profit (loss) carried forward | 14 | €4,382 | €3,549 | -€833 | -19.0% |
| Provisions and deferred taxes | 16 | €14,812 | €14,812 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,812 | €14,812 | = | 0.0% |
| Pensions and similar obligations | 160 | €14,812 | €14,812 | = | 0.0% |
| Amounts payable | 17/49 | €66,800 | €185,824 | +€119,025 | +178% |
| Amounts payable within one year | 42/48 | €66,800 | €185,824 | +€119,025 | +178% |
| Trade debts | 44 | €26,875 | €139,573 | +€112,699 | +419% |
| Suppliers | 440/4 | €26,875 | €139,573 | +€112,699 | +419% |
| Taxes, remuneration and social security | 45 | €20,722 | €8,187 | -€12,535 | -60.5% |
| Taxes | 450/3 | €20,722 | €8,187 | -€12,535 | -60.5% |
| Other amounts payable | 47/48 | €19,203 | €38,064 | +€18,861 | +98.2% |
| Non-recurring operating income | 76A | €17,779 | €24,000 | +€6,221 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,924 | €43,340 | +€14,416 | +49.8% |
| Other operating charges | 640/8 | €4,512 | €4,103 | -€409 | -9.1% |
| Non-recurring operating charges | 66A | €5,098 | €0 | -€5,098 | -100% |
| Gross operating margin | 9900 | €131,543 | €141,889 | +€10,346 | +7.9% |
| Operating profit (loss) | 9901 | €93,008 | €94,445 | +€1,437 | +1.5% |
| Financial income | 75/76B | €197 | €583 | +€386 | +195% |
| Recurring financial income | 75 | €197 | €583 | +€386 | +195% |
| Financial charges | 65/66B | €754 | €2,451 | +€1,697 | +225% |
| Recurring financial charges | 65 | €754 | €2,451 | +€1,697 | +225% |
| Profit (loss) for the period before taxes | 9903 | €92,452 | €92,577 | +€125 | +0.1% |
| Transfer from deferred taxes | 780 | €651 | €0 | -€651 | -100% |
| Income taxes | 67/77 | €30,707 | €30,956 | +€248 | +0.8% |
| Profit (loss) for the period | 9904 | €62,395 | €61,622 | -€774 | -1.2% |
| Transfer from tax-exempt reserves | 789 | €1,549 | €0 | -€1,549 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €63,944 | €61,622 | -€2,323 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.