DIRINVEST: 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.
DIRINVEST
Largest movements
- Current investments +€24,780
up €24,780 (+31.5%), from €78,759 to €103,539
- Receivables within one year +€22,563
up €22,563 (+81.1%), from €27,834 to €50,397
of which Trade receivables: +€33,334
- Cash -€10,664
down €10,664 (-28.5%), from €37,378 to €26,714
mainly Contributions, distributions and other (-€55,000) and Current investments (-€24,780)
- Receivables after one year +€3,407
up €3,407 (+6.3%), from €54,504 to €57,911
- Tax, wage and social debts +€27,693
up €27,693 (+107%), from €25,905 to €53,598
- Reserves +€12,341
up €12,341 (+19.8%), from €62,464 to €74,805
of which Distributable reserves: +€12,341
- Financial charges -€1.8m
down €1.8m (-100.0%), from €1.8m to €69
of which Non-recurring financial charges: -€1.8m
- Gross operating margin -€19,329
down €19,329 (-22.2%), from €87,034 to €67,705
- Taxes -€5,694
down €5,694 (-57.5%), from €9,900 to €4,206
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 | €206,399 | €246,606 | +€40,208 | +19.5% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €206,398 | €246,605 | +€40,208 | +19.5% |
| Amounts receivable after more than one year | 29 | €54,504 | €57,911 | +€3,407 | +6.3% |
| Other amounts receivable | 291 | €54,504 | €57,911 | +€3,407 | +6.3% |
| Amounts receivable within one year | 40/41 | €27,834 | €50,397 | +€22,563 | +81.1% |
| Trade receivables | 40 | €15,915 | €49,249 | +€33,334 | +209% |
| Other amounts receivable | 41 | €11,919 | €1,148 | -€10,771 | -90.4% |
| Current investments | 50/53 | €78,759 | €103,539 | +€24,780 | +31.5% |
| Cash at bank and in hand | 54/58 | €37,378 | €26,714 | -€10,664 | -28.5% |
| Deferred charges and accrued income | 490/1 | €7,922 | €8,044 | +€122 | +1.5% |
| Total equity and liabilities | 10/49 | €206,399 | €246,606 | +€40,208 | +19.5% |
| Equity | 10/15 | €124,464 | €136,805 | +€12,341 | +9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €62,464 | €74,805 | +€12,341 | +19.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €56,264 | €68,605 | +€12,341 | +21.9% |
| Amounts payable | 17/49 | €81,935 | €109,802 | +€27,867 | +34.0% |
| Amounts payable within one year | 42/48 | €81,935 | €109,802 | +€27,867 | +34.0% |
| Trade debts | 44 | €1,029 | €1,203 | +€174 | +16.9% |
| Suppliers | 440/4 | €1,029 | €1,203 | +€174 | +16.9% |
| Taxes, remuneration and social security | 45 | €25,905 | €53,598 | +€27,693 | +107% |
| Taxes | 450/3 | €25,905 | €53,598 | +€27,693 | +107% |
| Other amounts payable | 47/48 | €55,000 | €55,000 | = | 0.0% |
| Non-recurring operating income | 76A | €3,035 | - | -€3,035 | |
| Other operating charges | 640/8 | €1,105 | €1,060 | -€44 | -4.0% |
| Gross operating margin | 9900 | €87,034 | €67,705 | -€19,329 | -22.2% |
| Operating profit (loss) | 9901 | €85,930 | €66,645 | -€19,285 | -22.4% |
| Financial income | 75/76B | €5,294 | €4,971 | -€323 | -6.1% |
| Recurring financial income | 75 | €5,294 | €4,971 | -€323 | -6.1% |
| Financial charges | 65/66B | €1,836,252 | €69 | -€1.8m | -100.0% |
| Recurring financial charges | 65 | €35 | €69 | +€34 | +95.5% |
| Non-recurring financial charges | 66B | €1,836,217 | - | -€1.8m | |
| Profit (loss) for the period before taxes | 9903 | -€1,745,029 | €71,547 | +€1.8m | |
| Income taxes | 67/77 | €9,900 | €4,206 | -€5,694 | -57.5% |
| Profit (loss) for the period | 9904 | -€1,754,928 | €67,341 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,754,928 | €67,341 | +€1.8m |
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.