DIRICO: 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.
DIRICO
Largest movements
- Current investments +€850,000
up €850,000 (+121%), from €700,000 to €1.6m
- Cash -€454,728
down €454,728 (-47.1%), from €964,948 to €510,220
mainly Current investments (-€850,000) and Stocks and contracts (-€160,425)
- Stocks and contracts +€160,425
up €160,425 (+83.9%), from €191,142 to €351,567
- Receivables within one year +€47,562
up €47,562 (+25.7%), from €184,764 to €232,326
of which Other amounts receivable: +€71,189
- Reserves +€1.1m
up €1.1m (+91.8%), from €1.2m to €2.4m
of which Distributable reserves: +€1.2m
- Profit (loss) carried forward -€623,666
down €623,666 (-76.1%), from €819,274 to €195,607
- Trade debts +€99,467
up €99,467 (+116%), from €85,944 to €185,411
- Tax, wage and social debts +€48,882
up €48,882 (+30.1%), from €162,536 to €211,418
of which Taxes: +€34,452
- Staff costs +€76,807
up €76,807 (+13.8%), from €557,474 to €634,281
- Gross operating margin +€37,467
up €37,467 (+2.5%), from €1.5m to €1.6m
- Taxes +€23,284
up €23,284 (+10.3%), from €225,502 to €248,786
- Financial income +€22,090
up €22,090 (+62.9%), from €35,125 to €57,215
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 | €2,444,483 | €3,067,307 | +€622,824 | +25.5% |
| Fixed assets | 21/28 | €403,630 | €423,195 | +€19,564 | +4.8% |
| Tangible fixed assets | 22/27 | €403,630 | €423,195 | +€19,564 | +4.8% |
| Land and buildings | 22 | €146,538 | €206,787 | +€60,250 | +41.1% |
| Plant, machinery and equipment | 23 | €4,791 | €5,998 | +€1,207 | +25.2% |
| Furniture and vehicles | 24 | €62,123 | €53,045 | -€9,079 | -14.6% |
| Other tangible fixed assets | 26 | €190,178 | €157,365 | -€32,813 | -17.3% |
| Current assets | 29/58 | €2,040,853 | €2,644,113 | +€603,259 | +29.6% |
| Stocks and contracts in progress | 3 | €191,142 | €351,567 | +€160,425 | +83.9% |
| Stocks | 30/36 | €191,142 | €351,567 | +€160,425 | +83.9% |
| Amounts receivable within one year | 40/41 | €184,764 | €232,326 | +€47,562 | +25.7% |
| Trade receivables | 40 | €145,355 | €121,728 | -€23,627 | -16.3% |
| Other amounts receivable | 41 | €39,409 | €110,598 | +€71,189 | +181% |
| Current investments | 50/53 | €700,000 | €1,550,000 | +€850,000 | +121% |
| Cash at bank and in hand | 54/58 | €964,948 | €510,220 | -€454,728 | -47.1% |
| Total equity and liabilities | 10/49 | €2,444,483 | €3,067,307 | +€622,824 | +25.5% |
| Equity | 10/15 | €2,068,207 | €2,573,647 | +€505,440 | +24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,230,333 | €2,359,440 | +€1.1m | +91.8% |
| Tax-exempt reserves | 132 | €402,550 | €362,576 | -€39,974 | -9.9% |
| Distributable reserves | 133 | €827,783 | €1,996,864 | +€1.2m | +141% |
| Profit (loss) carried forward | 14 | €819,274 | €195,607 | -€623,666 | -76.1% |
| Amounts payable | 17/49 | €376,277 | €493,660 | +€117,384 | +31.2% |
| Amounts payable after more than one year | 17 | €74,085 | €53,946 | -€20,139 | -27.2% |
| Financial debts | 170/4 | €24,085 | €3,946 | -€20,139 | -83.6% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €282,191 | €419,714 | +€137,523 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €29,254 | €20,139 | -€9,115 | -31.2% |
| Trade debts | 44 | €85,944 | €185,411 | +€99,467 | +116% |
| Suppliers | 440/4 | €85,944 | €185,411 | +€99,467 | +116% |
| Taxes, remuneration and social security | 45 | €162,536 | €211,418 | +€48,882 | +30.1% |
| Taxes | 450/3 | €56,342 | €90,794 | +€34,452 | +61.1% |
| Remuneration and social security | 454/9 | €106,194 | €120,624 | +€14,430 | +13.6% |
| Other amounts payable | 47/48 | €4,457 | €2,746 | -€1,711 | -38.4% |
| Accrued charges and deferred income | 492/3 | €20,000 | €20,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,324 | +€2,324 | |
| Remuneration, social security and pensions | 62 | €557,474 | €634,281 | +€76,807 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,396 | €90,387 | -€10 | 0.0% |
| Other operating charges | 640/8 | €16,038 | €6,912 | -€9,125 | -56.9% |
| Non-recurring operating charges | 66A | - | €328 | +€328 | |
| Gross operating margin | 9900 | €1,528,479 | €1,565,945 | +€37,467 | +2.5% |
| Operating profit (loss) | 9901 | €864,571 | €834,037 | -€30,534 | -3.5% |
| Financial income | 75/76B | €35,125 | €57,215 | +€22,090 | +62.9% |
| Recurring financial income | 75 | €35,125 | €57,215 | +€22,090 | +62.9% |
| Financial charges | 65/66B | €21,222 | €12,659 | -€8,563 | -40.3% |
| Recurring financial charges | 65 | €16,785 | €12,659 | -€4,126 | -24.6% |
| Non-recurring financial charges | 66B | €4,436 | - | -€4,436 | |
| Profit (loss) for the period before taxes | 9903 | €878,474 | €878,593 | +€119 | 0.0% |
| Income taxes | 67/77 | €225,502 | €248,786 | +€23,284 | +10.3% |
| Profit (loss) for the period | 9904 | €652,972 | €629,807 | -€23,165 | -3.5% |
| Transfer from tax-exempt reserves | 789 | - | €124,174 | +€124,174 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €568,772 | €669,781 | +€101,009 | +17.8% |
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 14 October 2026 via checked.be.