DIRDES: 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.
DIRDES
Largest movements
- Current investments -€200,542
down €200,542 (-100%), from €200,542 to €0
- Financial fixed assets +€185,715
up €185,715 (+5.7%), from €3.2m to €3.4m
- Receivables within one year +€114,753
up €114,753 (+261%), from €43,965 to €158,718
of which Other amounts receivable: +€78,860
- Tangible fixed assets -€100,260
down €100,260 (-11.2%), from €898,385 to €798,125
of which Land and buildings: -€53,158
- Reserves +€297,294
up €297,294 (+40.9%), from €727,352 to €1.0m
of which Distributable reserves: +€297,294
- Debts after one year -€296,471
down €296,471 (-16.6%), from €1.8m to €1.5m
- Current portion of long-term debt -€58,800
down €58,800 (-16.6%), from €355,271 to €296,471
- Tax, wage and social debts +€52,623
up €52,623 (+537%), from €9,796 to €62,419
of which Taxes: +€52,581
- Financial income +€125,067
up €125,067 (+172%), from €72,561 to €197,628
- Gross operating margin +€99,133
up €99,133 (+36.1%), from €274,790 to €373,923
- Taxes +€75,000
up €75,000 (+206%), from €36,433 to €111,433
- Depreciation +€21,194
up €21,194 (+26.8%), from €79,066 to €100,260
- Financial charges -€5,980
down €5,980 (-10.6%), from €56,677 to €50,697
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 | €4,422,003 | €4,444,392 | +€22,389 | +0.5% |
| Fixed assets | 21/28 | €4,147,186 | €4,232,641 | +€85,455 | +2.1% |
| Tangible fixed assets | 22/27 | €898,385 | €798,125 | -€100,260 | -11.2% |
| Land and buildings | 22 | €771,719 | €718,561 | -€53,158 | -6.9% |
| Plant, machinery and equipment | 23 | €38,312 | €28,532 | -€9,780 | -25.5% |
| Furniture and vehicles | 24 | €70,993 | €39,723 | -€31,270 | -44.0% |
| Other tangible fixed assets | 26 | €17,361 | €11,309 | -€6,052 | -34.9% |
| Financial fixed assets | 28 | €3,248,800 | €3,434,516 | +€185,715 | +5.7% |
| Current assets | 29/58 | €274,817 | €211,751 | -€63,066 | -22.9% |
| Amounts receivable within one year | 40/41 | €43,965 | €158,718 | +€114,753 | +261% |
| Trade receivables | 40 | €28,556 | €64,449 | +€35,893 | +126% |
| Other amounts receivable | 41 | €15,409 | €94,269 | +€78,860 | +512% |
| Current investments | 50/53 | €200,542 | €0 | -€200,542 | -100% |
| Cash at bank and in hand | 54/58 | €26,865 | €50,255 | +€23,390 | +87.1% |
| Deferred charges and accrued income | 490/1 | €3,445 | €2,777 | -€668 | -19.4% |
| Total equity and liabilities | 10/49 | €4,422,003 | €4,444,392 | +€22,389 | +0.5% |
| Equity | 10/15 | €1,704,852 | €2,002,146 | +€297,294 | +17.4% |
| Contributions | 10/11 | €977,500 | €977,500 | = | 0.0% |
| Reserves | 13 | €727,352 | €1,024,646 | +€297,294 | +40.9% |
| Non-distributable reserves | 130/1 | €654 | €654 | = | 0.0% |
| Reserves not available under the articles | 1311 | €654 | €654 | = | 0.0% |
| Tax-exempt reserves | 132 | €234 | €234 | = | 0.0% |
| Distributable reserves | 133 | €726,465 | €1,023,759 | +€297,294 | +40.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,717,151 | €2,442,246 | -€274,905 | -10.1% |
| Amounts payable after more than one year | 17 | €1,782,660 | €1,486,189 | -€296,471 | -16.6% |
| Financial debts | 170/4 | €1,782,660 | €1,486,189 | -€296,471 | -16.6% |
| Amounts payable within one year | 42/48 | €931,910 | €950,460 | +€18,549 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €355,271 | €296,471 | -€58,800 | -16.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,997 | €6,922 | -€2,075 | -23.1% |
| Suppliers | 440/4 | €8,997 | €6,922 | -€2,075 | -23.1% |
| Taxes, remuneration and social security | 45 | €9,796 | €62,419 | +€52,623 | +537% |
| Taxes | 450/3 | €4,908 | €57,488 | +€52,581 | +1,071% |
| Remuneration and social security | 454/9 | €4,888 | €4,931 | +€43 | +0.9% |
| Other amounts payable | 47/48 | €557,847 | €584,648 | +€26,801 | +4.8% |
| Accrued charges and deferred income | 492/3 | €2,580 | €5,597 | +€3,017 | +117% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,066 | €100,260 | +€21,194 | +26.8% |
| Other operating charges | 640/8 | €3,257 | €3,366 | +€110 | +3.4% |
| Gross operating margin | 9900 | €274,790 | €373,923 | +€99,133 | +36.1% |
| Operating profit (loss) | 9901 | €192,467 | €270,296 | +€77,829 | +40.4% |
| Financial income | 75/76B | €72,561 | €197,628 | +€125,067 | +172% |
| Recurring financial income | 75 | €72,561 | €197,628 | +€125,067 | +172% |
| Financial charges | 65/66B | €56,677 | €50,697 | -€5,980 | -10.6% |
| Recurring financial charges | 65 | €56,677 | €50,697 | -€5,980 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €208,351 | €417,227 | +€208,876 | +100% |
| Income taxes | 67/77 | €36,433 | €111,433 | +€75,000 | +206% |
| Profit (loss) for the period | 9904 | €171,918 | €305,794 | +€133,876 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €171,918 | €305,794 | +€133,876 | +77.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.