DIRIGO: 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.
DIRIGO
Largest movements
- Tangible fixed assets -€74,971
down €74,971 (-19.7%), from €380,709 to €305,738
of which Land and buildings: -€66,902
- Cash +€31,902
up €31,902 (+118.8%), from €26,844 to €58,746
mainly Net result for the year (+€74,522) and Investment in fixed assets (net) (+€42,900)
- Deferred charges and accrued income +€18,666
up €18,666 (+214.0%), from €8,722 to €27,389
- Other debts -€38,768
down €38,768 (-76.4%), from €50,768 to €12,000
- Reserves +€33,169
up €33,169 (+10.4%), from €319,488 to €352,657
- Debts after one year -€15,471
no longer reported in 2025 (was €15,471)
- Depreciation -€6,600
down €6,600 (-17.1%), from €38,671 to €32,071
- Financial charges -€3,599
down €3,599 (-55.3%), from €6,508 to €2,909
- Taxes +€3,543
up €3,543 (+15.2%), from €23,267 to €26,810
- Gross operating margin +€1,974
up €1,974 (+1.4%), from €140,666 to €142,640
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 | €447,543 | €422,654 | -€24,889 | -5.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €380,709 | €305,738 | -€74,971 | -19.7% |
| Tangible fixed assets | 22/27 | €380,709 | €305,738 | -€74,971 | -19.7% |
| Land and buildings | 22 | €368,857 | €301,955 | -€66,902 | -18.1% |
| Furniture and vehicles | 24 | €11,852 | €3,784 | -€8,069 | -68.1% |
| Current assets | 29/58 | €66,834 | €116,916 | +€50,082 | +74.9% |
| Amounts receivable within one year | 40/41 | €31,268 | €30,782 | -€486 | -1.6% |
| Trade receivables | 40 | €21,337 | €22,287 | +€950 | +4.5% |
| Other amounts receivable | 41 | €9,931 | €8,495 | -€1,436 | -14.5% |
| Cash at bank and in hand | 54/58 | €26,844 | €58,746 | +€31,902 | +118.8% |
| Deferred charges and accrued income | 490/1 | €8,722 | €27,389 | +€18,666 | +214.0% |
| Total equity and liabilities | 10/49 | €447,543 | €422,654 | -€24,889 | -5.6% |
| Equity | 10/15 | €339,488 | €372,657 | +€33,169 | +9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €319,488 | €352,657 | +€33,169 | +10.4% |
| Distributable reserves | 133 | €319,488 | €352,657 | +€33,169 | +10.4% |
| Amounts payable | 17/49 | €108,055 | €49,997 | -€58,058 | -53.7% |
| Amounts payable after more than one year | 17 | €15,471 | - | -€15,471 | |
| Financial debts | 170/4 | €15,471 | - | -€15,471 | |
| Amounts payable within one year | 42/48 | €89,911 | €47,707 | -€42,204 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €18,966 | €15,471 | -€3,495 | -18.4% |
| Trade debts | 44 | €4,939 | €2,083 | -€2,856 | -57.8% |
| Suppliers | 440/4 | €4,939 | €2,083 | -€2,856 | -57.8% |
| Taxes, remuneration and social security | 45 | €15,238 | €18,152 | +€2,915 | +19.1% |
| Taxes | 450/3 | €15,238 | €18,152 | +€2,915 | +19.1% |
| Other amounts payable | 47/48 | €50,768 | €12,000 | -€38,768 | -76.4% |
| Accrued charges and deferred income | 492/3 | €2,672 | €2,290 | -€382 | -14.3% |
| Remuneration, social security and pensions | 62 | -€163 | - | +€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,671 | €32,071 | -€6,600 | -17.1% |
| Other operating charges | 640/8 | €4,994 | €6,410 | +€1,416 | +28.4% |
| Gross operating margin | 9900 | €140,666 | €142,640 | +€1,974 | +1.4% |
| Operating profit (loss) | 9901 | €97,165 | €104,159 | +€6,995 | +7.2% |
| Financial income | 75/76B | €97 | €81 | -€16 | -16.3% |
| Recurring financial income | 75 | €97 | €81 | -€16 | -16.3% |
| Financial charges | 65/66B | €6,508 | €2,909 | -€3,599 | -55.3% |
| Recurring financial charges | 65 | €6,508 | €2,909 | -€3,599 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €90,754 | €101,331 | +€10,577 | +11.7% |
| Income taxes | 67/77 | €23,267 | €26,810 | +€3,543 | +15.2% |
| Profit (loss) for the period | 9904 | €67,487 | €74,522 | +€7,034 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,487 | €74,522 | +€7,034 | +10.4% |
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 9 October 2026 via checked.be.