DIRINCO: 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.
DIRINCO
Largest movements
- Stocks and contracts -€135,923
down €135,923 (-39.9%), from €340,578 to €204,656
- Cash -€40,904
down €40,904 (-18.3%), from €223,560 to €182,656
mainly Trade debts (-€311,561) and Investment in fixed assets (net) (-€36,160)
- Receivables within one year -€39,113
down €39,113 (-4.5%), from €867,154 to €828,041
of which Trade receivables: -€37,289
- Tangible fixed assets +€33,481
up €33,481 (+690.8%), from €4,847 to €38,327
of which Furniture and vehicles: +€33,976
- Trade debts -€311,561
down €311,561 (-45.1%), from €691,231 to €379,670
- Profit (loss) carried forward +€103,463
up €103,463 (+15.8%), from €653,062 to €756,524
- Tax, wage and social debts +€17,542
up €17,542 (+21.1%), from €82,965 to €100,507
of which Remuneration and social security: +€17,406
- Gross operating margin -€219,829
down €219,829 (-33.1%), from €663,895 to €444,067
- Taxes -€56,893
down €56,893 (-56.2%), from €101,181 to €44,288
- Staff costs +€8,909
up €8,909 (+3.2%), from €276,055 to €284,964
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 | €1,447,858 | €1,262,039 | -€185,819 | -12.8% |
| Fixed assets | 21/28 | €8,356 | €41,837 | +€33,481 | +400.7% |
| Tangible fixed assets | 22/27 | €4,847 | €38,327 | +€33,481 | +690.8% |
| Plant, machinery and equipment | 23 | €1,157 | €661 | -€496 | -42.9% |
| Furniture and vehicles | 24 | €3,690 | €37,666 | +€33,976 | +920.8% |
| Financial fixed assets | 28 | €3,509 | €3,509 | = | 0.0% |
| Current assets | 29/58 | €1,439,502 | €1,220,202 | -€219,300 | -15.2% |
| Stocks and contracts in progress | 3 | €340,578 | €204,656 | -€135,923 | -39.9% |
| Stocks | 30/36 | €340,578 | €204,656 | -€135,923 | -39.9% |
| Amounts receivable within one year | 40/41 | €867,154 | €828,041 | -€39,113 | -4.5% |
| Trade receivables | 40 | €865,330 | €828,041 | -€37,289 | -4.3% |
| Other amounts receivable | 41 | €1,824 | €0 | -€1,824 | -100.0% |
| Cash at bank and in hand | 54/58 | €223,560 | €182,656 | -€40,904 | -18.3% |
| Deferred charges and accrued income | 490/1 | €8,210 | €4,850 | -€3,361 | -40.9% |
| Total equity and liabilities | 10/49 | €1,447,858 | €1,262,039 | -€185,819 | -12.8% |
| Equity | 10/15 | €673,513 | €776,976 | +€103,463 | +15.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €653,062 | €756,524 | +€103,463 | +15.8% |
| Amounts payable | 17/49 | €774,345 | €485,063 | -€289,282 | -37.4% |
| Amounts payable within one year | 42/48 | €774,345 | €484,997 | -€289,348 | -37.4% |
| Trade debts | 44 | €691,231 | €379,670 | -€311,561 | -45.1% |
| Suppliers | 440/4 | €691,231 | €379,670 | -€311,561 | -45.1% |
| Taxes, remuneration and social security | 45 | €82,965 | €100,507 | +€17,542 | +21.1% |
| Taxes | 450/3 | €49,047 | €49,184 | +€136 | +0.3% |
| Remuneration and social security | 454/9 | €33,918 | €51,324 | +€17,406 | +51.3% |
| Other amounts payable | 47/48 | €149 | €4,820 | +€4,671 | +3139.0% |
| Accrued charges and deferred income | 492/3 | €0 | €66 | +€66 | |
| Non-recurring operating income | 76A | €4,454 | €5,560 | +€1,106 | +24.8% |
| Remuneration, social security and pensions | 62 | €276,055 | €284,964 | +€8,909 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,649 | €2,679 | -€4,970 | -65.0% |
| Other operating charges | 640/8 | €8,321 | €4,786 | -€3,535 | -42.5% |
| Gross operating margin | 9900 | €663,895 | €444,067 | -€219,829 | -33.1% |
| Operating profit (loss) | 9901 | €371,871 | €151,637 | -€220,233 | -59.2% |
| Financial income | 75/76B | €455 | €276 | -€179 | -39.3% |
| Recurring financial income | 75 | €455 | €276 | -€179 | -39.3% |
| Financial charges | 65/66B | €5,217 | €4,163 | -€1,055 | -20.2% |
| Recurring financial charges | 65 | €5,217 | €4,163 | -€1,055 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €367,108 | €147,751 | -€219,357 | -59.8% |
| Income taxes | 67/77 | €101,181 | €44,288 | -€56,893 | -56.2% |
| Profit (loss) for the period | 9904 | €265,927 | €103,463 | -€162,464 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €265,927 | €103,463 | -€162,464 | -61.1% |
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 30 September 2026 via checked.be.