DieS: 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.
DieS
Largest movements
- Tangible fixed assets +€193,361
up €193,361 (+47.1%), from €410,107 to €603,467
of which Assets under construction and advance payments: +€130,067
- Financial fixed assets -€144,692
down €144,692 (-32.3%), from €448,337 to €303,645
- Other debts -€228,344
down €228,344 (-68.8%), from €331,673 to €103,329
- Contributions +€132,871
up €132,871 (+1,072%), from €12,400 to €145,271
- Reserves +€113,656
up €113,656 (+24.1%), from €471,337 to €584,993
of which Distributable reserves: +€113,656
- Short-term financial debts +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Trade debts -€52,296
down €52,296 (-77.6%), from €67,387 to €15,090
- Gross operating margin +€45,121
up €45,121 (+25.8%), from €175,192 to €220,312
- Financial charges +€9,856
up €9,856 (+33.3%), from €29,579 to €39,435
- Taxes +€8,944
up €8,944 (+23.2%), from €38,583 to €47,528
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 | €1,875,145 | €1,947,118 | +€71,974 | +3.8% |
| Fixed assets | 21/28 | €858,443 | €907,112 | +€48,669 | +5.7% |
| Tangible fixed assets | 22/27 | €410,107 | €603,467 | +€193,361 | +47.1% |
| Land and buildings | 22 | €384,536 | €448,356 | +€63,820 | +16.6% |
| Furniture and vehicles | 24 | €25,571 | €25,045 | -€526 | -2.1% |
| Assets under construction and advance payments | 27 | - | €130,067 | +€130,067 | |
| Financial fixed assets | 28 | €448,337 | €303,645 | -€144,692 | -32.3% |
| Current assets | 29/58 | €1,016,701 | €1,040,006 | +€23,305 | +2.3% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,397 | €24,821 | +€17,424 | +236% |
| Trade receivables | 40 | €7,397 | €24,800 | +€17,403 | +235% |
| Other amounts receivable | 41 | - | €21 | +€21 | |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,464 | €8,278 | +€814 | +10.9% |
| Deferred charges and accrued income | 490/1 | €1,840 | €6,906 | +€5,067 | +275% |
| Total equity and liabilities | 10/49 | €1,875,145 | €1,947,118 | +€71,974 | +3.8% |
| Equity | 10/15 | €483,737 | €730,264 | +€246,527 | +51.0% |
| Contributions | 10/11 | €12,400 | €145,271 | +€132,871 | +1,072% |
| Reserves | 13 | €471,337 | €584,993 | +€113,656 | +24.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €471,337 | €584,993 | +€113,656 | +24.1% |
| Amounts payable | 17/49 | €1,391,408 | €1,216,854 | -€174,554 | -12.5% |
| Amounts payable after more than one year | 17 | €670,000 | €650,622 | -€19,378 | -2.9% |
| Financial debts | 170/4 | €670,000 | €650,622 | -€19,378 | -2.9% |
| Amounts payable within one year | 42/48 | €711,216 | €554,891 | -€156,325 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Credit institutions | 430/8 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Trade debts | 44 | €67,387 | €15,090 | -€52,296 | -77.6% |
| Suppliers | 440/4 | €67,387 | €15,090 | -€52,296 | -77.6% |
| Taxes, remuneration and social security | 45 | €62,156 | €86,471 | +€24,315 | +39.1% |
| Taxes | 450/3 | €62,156 | €86,471 | +€24,315 | +39.1% |
| Other amounts payable | 47/48 | €331,673 | €103,329 | -€228,344 | -68.8% |
| Accrued charges and deferred income | 492/3 | €10,192 | €11,341 | +€1,149 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,883 | €14,883 | = | 0.0% |
| Other operating charges | 640/8 | €7,427 | €7,284 | -€142 | -1.9% |
| Non-recurring operating charges | 66A | - | €52,282 | +€52,282 | |
| Gross operating margin | 9900 | €175,192 | €220,312 | +€45,121 | +25.8% |
| Operating profit (loss) | 9901 | €152,882 | €145,864 | -€7,019 | -4.6% |
| Financial income | 75/76B | €32 | €6 | -€26 | -82.4% |
| Recurring financial income | 75 | €32 | €6 | -€26 | -82.4% |
| Financial charges | 65/66B | €29,579 | €39,435 | +€9,856 | +33.3% |
| Recurring financial charges | 65 | €29,579 | €39,435 | +€9,856 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €123,335 | €106,434 | -€16,900 | -13.7% |
| Income taxes | 67/77 | €38,583 | €47,528 | +€8,944 | +23.2% |
| Profit (loss) for the period | 9904 | €84,751 | €58,907 | -€25,845 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,751 | €58,907 | -€25,845 | -30.5% |
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 15 October 2026 via checked.be.