DIRCA-INVEST: what changed
What changed
DIRCA-INVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€1,507
2024 · -€20,302+€18,795
Equity
€172,085
2024 · €173,592-€1,507
Cash
€4,259
2024 · €3,245+€1,015
Balance sheet total
€339,249
2024 · €248,681+€90,568
Largest movements
Assets
- Current investments +€125,026
up €125,026 (+358,549%), from €35 to €125,061
- Tangible fixed assets -€43,682
down €43,682 (-18.2%), from €240,158 to €196,475
of which Furniture and vehicles: -€27,739
- Receivables within one year +€8,560
up €8,560 (+294%), from €2,907 to €11,467
of which Trade receivables: +€7,744
Equity and liabilities
- Debts after one year +€90,724
up €90,724 (+283%), from €32,083 to €122,807
- Other debts -€13,434
no longer reported in 2025 (was €13,434)
- Trade debts +€10,946
up €10,946 (+1,137%), from €963 to €11,909
- Current portion of long-term debt +€6,580
up €6,580 (+25.6%), from €25,667 to €32,247
Income statement
- Gross operating margin +€12,326
up €12,326 (+168%), from €7,355 to €19,681
- Depreciation -€7,138
down €7,138 (-30.7%), from €23,226 to €16,087
- Other operating charges +€1,216
up €1,216 (+139%), from €877 to €2,093
- Financial charges -€665
down €665 (-20.3%), from €3,267 to €2,602
- Taxes -€307
down €307 (-91.1%), from €337 to €30
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.
Result 2024
-€20,302
Gross operating margin
+€12,326
Depreciation
+€7,138
Other operating charges
-€1,216
Other operating items
-€446
Financial income
+€21
Financial charges
+€665
Taxes
+€307
Result 2025
-€1,507
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1,142
Investment
-€97,431
Financing
+€97,304
Cash 2024
€3,245
From operations (derived)
+€1,142
Net result for the year
-€1,507
Depreciation
+€16,087
Receivables within one year
-€8,560
Deferred charges and accrued income
+€351
Trade debts
+€10,946
Tax, wage and social debts
-€2,741
Other debts
-€13,434
Investment (derived)
-€97,431
Investment in fixed assets (net)
+€27,595
Current investments
-€125,026
Financing
+€97,304
Debts after one year
+€90,724
Current portion of long-term debt
+€6,580
Cash 2025
€4,259
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,681 | €339,249 | +€90,568 | +36.4% |
| Fixed assets | 21/28 | €240,158 | €196,475 | -€43,682 | -18.2% |
| Tangible fixed assets | 22/27 | €240,158 | €196,475 | -€43,682 | -18.2% |
| Land and buildings | 22 | €211,997 | €196,053 | -€15,944 | -7.5% |
| Furniture and vehicles | 24 | €28,160 | €422 | -€27,739 | -98.5% |
| Current assets | 29/58 | €8,524 | €142,774 | +€134,250 | +1,575% |
| Amounts receivable within one year | 40/41 | €2,907 | €11,467 | +€8,560 | +294% |
| Trade receivables | 40 | - | €7,744 | +€7,744 | |
| Other amounts receivable | 41 | €2,907 | €3,723 | +€816 | +28.1% |
| Current investments | 50/53 | €35 | €125,061 | +€125,026 | +358,549% |
| Cash at bank and in hand | 54/58 | €3,245 | €4,259 | +€1,015 | +31.3% |
| Deferred charges and accrued income | 490/1 | €2,337 | €1,986 | -€351 | -15.0% |
| Total equity and liabilities | 10/49 | €248,681 | €339,249 | +€90,568 | +36.4% |
| Equity | 10/15 | €173,592 | €172,085 | -€1,507 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,992 | €154,992 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €153,132 | €153,132 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,507 | -€1,507 | |
| Amounts payable | 17/49 | €75,090 | €167,164 | +€92,075 | +123% |
| Amounts payable after more than one year | 17 | €32,083 | €122,807 | +€90,724 | +283% |
| Financial debts | 170/4 | €32,083 | €122,807 | +€90,724 | +283% |
| Amounts payable within one year | 42/48 | €43,006 | €44,357 | +€1,351 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €25,667 | €32,247 | +€6,580 | +25.6% |
| Trade debts | 44 | €963 | €11,909 | +€10,946 | +1,137% |
| Suppliers | 440/4 | €963 | €11,909 | +€10,946 | +1,137% |
| Taxes, remuneration and social security | 45 | €2,943 | €202 | -€2,741 | -93.1% |
| Taxes | 450/3 | €2,943 | €202 | -€2,741 | -93.1% |
| Other amounts payable | 47/48 | €13,434 | - | -€13,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,226 | €16,087 | -€7,138 | -30.7% |
| Other operating charges | 640/8 | €877 | €2,093 | +€1,216 | +139% |
| Non-recurring operating charges | 66A | - | €446 | +€446 | |
| Gross operating margin | 9900 | €7,355 | €19,681 | +€12,326 | +168% |
| Operating profit (loss) | 9901 | -€16,748 | €1,055 | +€17,803 | |
| Financial income | 75/76B | €50 | €71 | +€21 | +40.8% |
| Recurring financial income | 75 | €50 | €71 | +€21 | +40.8% |
| Financial charges | 65/66B | €3,267 | €2,602 | -€665 | -20.3% |
| Recurring financial charges | 65 | €3,267 | €2,602 | -€665 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,965 | -€1,477 | +€18,488 | +92.6% |
| Income taxes | 67/77 | €337 | €30 | -€307 | -91.1% |
| Profit (loss) for the period | 9904 | -€20,302 | -€1,507 | +€18,795 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,302 | -€1,507 | +€18,795 | +92.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.