DIRGEM: what changed
Two fiscal 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.
DIRGEM
Largest movements
- Stocks and contracts -€233,034
down €233,034 (-84.8%), from €274,696 to €41,662
- Cash -€46,632
down €46,632 (-76.6%), from €60,902 to €14,270
mainly Trade debts (-€309,097) and Net result for the year (-€12,404)
- Receivables within one year -€44,240
down €44,240 (-96.4%), from €45,873 to €1,633
of which Trade receivables: -€43,954
- Trade debts -€309,097
down €309,097 (-100.0%), from €309,143 to €46
- Profit (loss) carried forward -€12,404
down €12,404 (-25.8%), from €48,091 to €35,687
- Financial charges -€24,529
down €24,529 (-96.9%), from €25,315 to €787
- Gross operating margin -€16,047
down €16,047, from €4,909 to -€11,138
- Financial income -€1,961
no longer reported in 2025 (was €1,961)
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 | €382,215 | €58,309 | -€323,906 | -84.7% |
| Fixed assets | 21/28 | €744 | €744 | = | 0.0% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €381,471 | €57,565 | -€323,906 | -84.9% |
| Stocks and contracts in progress | 3 | €274,696 | €41,662 | -€233,034 | -84.8% |
| Stocks | 30/36 | €274,696 | €41,662 | -€233,034 | -84.8% |
| Amounts receivable within one year | 40/41 | €45,873 | €1,633 | -€44,240 | -96.4% |
| Trade receivables | 40 | €44,806 | €852 | -€43,954 | -98.1% |
| Other amounts receivable | 41 | €1,067 | €781 | -€286 | -26.8% |
| Cash at bank and in hand | 54/58 | €60,902 | €14,270 | -€46,632 | -76.6% |
| Total equity and liabilities | 10/49 | €382,215 | €58,309 | -€323,906 | -84.7% |
| Equity | 10/15 | €68,543 | €56,138 | -€12,404 | -18.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,091 | €35,687 | -€12,404 | -25.8% |
| Amounts payable | 17/49 | €313,672 | €2,170 | -€311,502 | -99.3% |
| Amounts payable within one year | 42/48 | €313,672 | €2,170 | -€311,502 | -99.3% |
| Trade debts | 44 | €309,143 | €46 | -€309,097 | -100.0% |
| Suppliers | 440/4 | €309,143 | €46 | -€309,097 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,400 | - | -€2,400 | |
| Taxes | 450/3 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €2,129 | €2,124 | -€5 | -0.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €4,909 | -€11,138 | -€16,047 | |
| Operating profit (loss) | 9901 | €4,403 | -€11,658 | -€16,061 | |
| Financial income | 75/76B | €1,961 | - | -€1,961 | |
| Recurring financial income | 75 | €1,961 | - | -€1,961 | |
| Financial charges | 65/66B | €25,315 | €787 | -€24,529 | -96.9% |
| Recurring financial charges | 65 | €25,315 | €787 | -€24,529 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,951 | -€12,444 | +€6,506 | +34.3% |
| Income taxes | 67/77 | - | -€40 | -€40 | |
| Profit (loss) for the period | 9904 | -€18,951 | -€12,404 | +€6,546 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,951 | -€12,404 | +€6,546 | +34.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.