Directio: 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.
Directio
Largest movements
- Cash +€95,726
up €95,726 (+109.8%), from €87,172 to €182,899
mainly Net result for the year (+€91,903) and Tax, wage and social debts (+€13,525)
- Tangible fixed assets +€8,341
up €8,341 (+63.7%), from €13,086 to €21,427
of which Furniture and vehicles: +€6,001
- Reserves +€85,875
up €85,875 (+123.7%), from €69,408 to €155,283
- Tax, wage and social debts +€13,525
up €13,525 (+42.0%), from €32,208 to €45,733
- Trade debts +€4,335
up €4,335 (+1709.9%), from €254 to €4,588
- Gross operating margin +€53,793
up €53,793 (+66.5%), from €80,931 to €134,724
- Taxes +€14,750
up €14,750 (+68.7%), from €21,472 to €36,223
- Financial charges +€1,422
up €1,422 (+63.5%), from €2,241 to €3,663
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.
Cash bridge derived
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 | €116,870 | €220,605 | +€103,735 | +88.8% |
| Fixed assets | 21/28 | €13,086 | €21,427 | +€8,341 | +63.7% |
| Tangible fixed assets | 22/27 | €13,086 | €21,427 | +€8,341 | +63.7% |
| Plant, machinery and equipment | 23 | - | €2,995 | +€2,995 | |
| Furniture and vehicles | 24 | €7,325 | €13,325 | +€6,001 | +81.9% |
| Other tangible fixed assets | 26 | €5,762 | €5,107 | -€655 | -11.4% |
| Current assets | 29/58 | €103,784 | €199,178 | +€95,394 | +91.9% |
| Amounts receivable within one year | 40/41 | €16,612 | €16,220 | -€392 | -2.4% |
| Trade receivables | 40 | €15,726 | €16,220 | +€494 | +3.1% |
| Other amounts receivable | 41 | €885 | €0 | -€885 | -100.0% |
| Cash at bank and in hand | 54/58 | €87,172 | €182,899 | +€95,726 | +109.8% |
| Deferred charges and accrued income | 490/1 | - | €59 | +€59 | |
| Total equity and liabilities | 10/49 | €116,870 | €220,605 | +€103,735 | +88.8% |
| Equity | 10/15 | €84,408 | €170,283 | +€85,875 | +101.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €69,408 | €155,283 | +€85,875 | +123.7% |
| Distributable reserves | 133 | €69,408 | €155,283 | +€85,875 | +123.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,462 | €50,322 | +€17,860 | +55.0% |
| Amounts payable within one year | 42/48 | €32,462 | €50,322 | +€17,860 | +55.0% |
| Trade debts | 44 | €254 | €4,588 | +€4,335 | +1709.9% |
| Suppliers | 440/4 | €254 | €4,588 | +€4,335 | +1709.9% |
| Taxes, remuneration and social security | 45 | €32,208 | €45,733 | +€13,525 | +42.0% |
| Taxes | 450/3 | €32,208 | €45,733 | +€13,525 | +42.0% |
| Non-recurring operating income | 76A | - | €162 | +€162 | |
| Remuneration, social security and pensions | 62 | €48 | €0 | -€48 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,747 | €2,686 | +€940 | +53.8% |
| Other operating charges | 640/8 | €183 | €249 | +€66 | +35.9% |
| Gross operating margin | 9900 | €80,931 | €134,724 | +€53,793 | +66.5% |
| Operating profit (loss) | 9901 | €78,953 | €131,789 | +€52,836 | +66.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,241 | €3,663 | +€1,422 | +63.5% |
| Recurring financial charges | 65 | €2,241 | €3,663 | +€1,422 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | €76,713 | €128,126 | +€51,413 | +67.0% |
| Income taxes | 67/77 | €21,472 | €36,223 | +€14,750 | +68.7% |
| Profit (loss) for the period | 9904 | €55,240 | €91,903 | +€36,663 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,240 | €91,903 | +€36,663 | +66.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.