Dillemans Law: 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.
Dillemans Law
Largest movements
- Receivables within one year +€49,001
up €49,001 (+482%), from €10,164 to €59,165
of which Trade receivables: +€35,674
- Cash -€3,236
down €3,236 (-9.0%), from €35,868 to €32,631
mainly Receivables within one year (-€49,001) and Investment in fixed assets (net) (-€2,575)
- Tangible fixed assets +€2,389
new in 2025: €2,389
- Reserves +€43,292
up €43,292 (+181%), from €23,955 to €67,247
- Tax, wage and social debts +€7,030
up €7,030 (+42.3%), from €16,625 to €23,654
of which Taxes: +€8,457
- Trade debts -€2,260
down €2,260 (-43.9%), from €5,146 to €2,885
- Gross operating margin +€27,391
up €27,391 (+78.3%), from €34,979 to €62,370
- Taxes +€7,381
up €7,381 (+77.0%), from €9,588 to €16,970
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 | €46,834 | €94,990 | +€48,156 | +103% |
| Fixed assets | 21/28 | - | €2,389 | +€2,389 | |
| Tangible fixed assets | 22/27 | - | €2,389 | +€2,389 | |
| Furniture and vehicles | 24 | - | €2,389 | +€2,389 | |
| Current assets | 29/58 | €46,834 | €92,601 | +€45,767 | +97.7% |
| Amounts receivable within one year | 40/41 | €10,164 | €59,165 | +€49,001 | +482% |
| Trade receivables | 40 | €10,164 | €45,838 | +€35,674 | +351% |
| Other amounts receivable | 41 | - | €13,327 | +€13,327 | |
| Cash at bank and in hand | 54/58 | €35,868 | €32,631 | -€3,236 | -9.0% |
| Deferred charges and accrued income | 490/1 | €802 | €804 | +€2 | +0.3% |
| Total equity and liabilities | 10/49 | €46,834 | €94,990 | +€48,156 | +103% |
| Equity | 10/15 | €24,955 | €68,247 | +€43,292 | +173% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,955 | €67,247 | +€43,292 | +181% |
| Distributable reserves | 133 | €23,955 | €67,247 | +€43,292 | +181% |
| Amounts payable | 17/49 | €21,878 | €26,743 | +€4,865 | +22.2% |
| Amounts payable within one year | 42/48 | €21,878 | €26,540 | +€4,661 | +21.3% |
| Trade debts | 44 | €5,146 | €2,885 | -€2,260 | -43.9% |
| Suppliers | 440/4 | €5,146 | €2,885 | -€2,260 | -43.9% |
| Taxes, remuneration and social security | 45 | €16,625 | €23,654 | +€7,030 | +42.3% |
| Taxes | 450/3 | €15,198 | €23,654 | +€8,457 | +55.6% |
| Remuneration and social security | 454/9 | €1,427 | - | -€1,427 | |
| Other amounts payable | 47/48 | €108 | - | -€108 | |
| Accrued charges and deferred income | 492/3 | - | €203 | +€203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €186 | +€186 | |
| Other operating charges | 640/8 | €1,412 | €1,360 | -€52 | -3.7% |
| Gross operating margin | 9900 | €34,979 | €62,370 | +€27,391 | +78.3% |
| Operating profit (loss) | 9901 | €33,567 | €60,823 | +€27,256 | +81.2% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €23 | €615 | +€592 | +2,526% |
| Recurring financial charges | 65 | €23 | €615 | +€592 | +2,526% |
| Profit (loss) for the period before taxes | 9903 | €33,543 | €60,261 | +€26,718 | +79.7% |
| Income taxes | 67/77 | €9,588 | €16,970 | +€7,381 | +77.0% |
| Profit (loss) for the period | 9904 | €23,955 | €43,292 | +€19,336 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,955 | €43,292 | +€19,336 | +80.7% |
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 29 October 2026 via checked.be.