DIRGAR: what changed
DIRGAR
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves -€10,926
down €10,926 (-14.8%), from €73,603 to €62,677
of which Distributable reserves: -€10,926
- Other debts +€9,042
up €9,042 (+305%), from €2,969 to €12,011
- Gross operating margin -€1,277
down €1,277 (-15.1%), from -€8,469 to -€9,746
- Other operating charges -€501
down €501 (-37.9%), from €1,319 to €819
- Financial charges -€382
down €382 (-25.0%), from €1,527 to €1,145
- Depreciation +€292
up €292 (+100%), from €292 to €584
- Staff costs -€269
no longer reported in 2025 (was €269)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,563 | €90,054 | -€1,509 | -1.6% |
| Fixed assets | 21/28 | €5,747 | €5,163 | -€584 | -10.2% |
| Tangible fixed assets | 22/27 | €1,629 | €1,045 | -€584 | -35.9% |
| Furniture and vehicles | 24 | €1,629 | €1,045 | -€584 | -35.9% |
| Financial fixed assets | 28 | €4,118 | €4,118 | = | 0.0% |
| Current assets | 29/58 | €85,816 | €84,891 | -€925 | -1.1% |
| Amounts receivable after more than one year | 29 | €45,790 | €45,790 | = | 0.0% |
| Other amounts receivable | 291 | €45,790 | €45,790 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €298 | €325 | +€27 | +9.1% |
| Other amounts receivable | 41 | €298 | €325 | +€27 | +9.1% |
| Cash at bank and in hand | 54/58 | €39,501 | €38,776 | -€724 | -1.8% |
| Deferred charges and accrued income | 490/1 | €228 | - | -€228 | |
| Total equity and liabilities | 10/49 | €91,563 | €90,054 | -€1,509 | -1.6% |
| Equity | 10/15 | €87,803 | €76,877 | -€10,926 | -12.4% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €73,603 | €62,677 | -€10,926 | -14.8% |
| Tax-exempt reserves | 132 | €5,132 | €5,132 | = | 0.0% |
| Distributable reserves | 133 | €68,471 | €57,545 | -€10,926 | -16.0% |
| Amounts payable | 17/49 | €3,760 | €13,176 | +€9,417 | +250% |
| Amounts payable within one year | 42/48 | €3,760 | €13,176 | +€9,417 | +250% |
| Trade debts | 44 | €636 | €999 | +€363 | +57.1% |
| Suppliers | 440/4 | €636 | €999 | +€363 | +57.1% |
| Taxes, remuneration and social security | 45 | €155 | €167 | +€11 | +7.3% |
| Taxes | 450/3 | €155 | €167 | +€11 | +7.3% |
| Other amounts payable | 47/48 | €2,969 | €12,011 | +€9,042 | +305% |
| Remuneration, social security and pensions | 62 | €269 | - | -€269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | €584 | +€292 | +100% |
| Other operating charges | 640/8 | €1,319 | €819 | -€501 | -37.9% |
| Gross operating margin | 9900 | -€8,469 | -€9,746 | -€1,277 | -15.1% |
| Operating profit (loss) | 9901 | -€10,349 | -€11,149 | -€800 | -7.7% |
| Financial income | 75/76B | €1,762 | €1,509 | -€253 | -14.4% |
| Recurring financial income | 75 | €1,762 | €1,509 | -€253 | -14.4% |
| Financial charges | 65/66B | €1,527 | €1,145 | -€382 | -25.0% |
| Recurring financial charges | 65 | €1,527 | €1,145 | -€382 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,114 | -€10,785 | -€671 | -6.6% |
| Income taxes | 67/77 | €26 | €141 | +€115 | +448% |
| Profit (loss) for the period | 9904 | -€10,140 | -€10,926 | -€786 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,140 | -€10,926 | -€786 | -7.8% |
Next steps
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 1 November 2026 via checked.be.