Dirk: 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.
Dirk
Largest movements
- Cash -€54,905
down €54,905 (-74.6%), from €73,600 to €18,695
mainly Investment in fixed assets (net) (-€41,500) and Contributions, distributions and other (-€37,035)
- Tangible fixed assets +€15,895
up €15,895 (+8.3%), from €190,615 to €206,511
of which Furniture and vehicles: +€20,371
- Other debts +€45,369
up €45,369 (+80.8%), from €56,171 to €101,540
- Reserves -€34,940
no longer reported in 2025 (was €34,940)
- Trade debts -€27,275
down €27,275 (-98.0%), from €27,818 to €543
- Tax, wage and social debts -€19,180
down €19,180 (-94.0%), from €20,413 to €1,232
of which Remuneration and social security: -€14,597
- Debts after one year -€6,210
down €6,210 (-3.8%), from €164,320 to €158,110
of which Financial debts: -€6,210
- Other operating charges -€12,990
down €12,990 (-94.2%), from €13,792 to €802
- Gross operating margin -€12,731
down €12,731 (-26.4%), from €48,177 to €35,446
- Depreciation -€2,708
down €2,708 (-9.6%), from €28,312 to €25,605
- Taxes +€933
up €933 (+138.8%), from €672 to €1,605
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 | €314,046 | €271,992 | -€42,054 | -13.4% |
| Fixed assets | 21/28 | €190,615 | €206,511 | +€15,895 | +8.3% |
| Tangible fixed assets | 22/27 | €190,615 | €206,511 | +€15,895 | +8.3% |
| Land and buildings | 22 | €129,786 | €126,557 | -€3,229 | -2.5% |
| Plant, machinery and equipment | 23 | €3,448 | €2,201 | -€1,247 | -36.2% |
| Furniture and vehicles | 24 | €57,382 | €77,753 | +€20,371 | +35.5% |
| Current assets | 29/58 | €123,431 | €65,482 | -€57,950 | -46.9% |
| Amounts receivable within one year | 40/41 | €49,831 | €46,787 | -€3,044 | -6.1% |
| Trade receivables | 40 | €28,020 | €1,712 | -€26,308 | -93.9% |
| Other amounts receivable | 41 | €21,812 | €45,075 | +€23,264 | +106.7% |
| Cash at bank and in hand | 54/58 | €73,600 | €18,695 | -€54,905 | -74.6% |
| Total equity and liabilities | 10/49 | €314,046 | €271,992 | -€42,054 | -13.4% |
| Equity | 10/15 | €38,940 | €4,000 | -€34,940 | -89.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €34,940 | - | -€34,940 | |
| Distributable reserves | 133 | €34,940 | - | -€34,940 | |
| Amounts payable | 17/49 | €275,107 | €267,992 | -€7,115 | -2.6% |
| Amounts payable after more than one year | 17 | €164,320 | €158,110 | -€6,210 | -3.8% |
| Financial debts | 170/4 | €109,320 | €103,110 | -€6,210 | -5.7% |
| Other amounts payable | 178/9 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,337 | €109,526 | -€811 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €5,935 | €6,210 | +€275 | +4.6% |
| Trade debts | 44 | €27,818 | €543 | -€27,275 | -98.0% |
| Suppliers | 440/4 | €27,818 | €543 | -€27,275 | -98.0% |
| Taxes, remuneration and social security | 45 | €20,413 | €1,232 | -€19,180 | -94.0% |
| Taxes | 450/3 | €5,815 | €1,232 | -€4,583 | -78.8% |
| Remuneration and social security | 454/9 | €14,597 | - | -€14,597 | |
| Other amounts payable | 47/48 | €56,171 | €101,540 | +€45,369 | +80.8% |
| Accrued charges and deferred income | 492/3 | €450 | €357 | -€93 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,312 | €25,605 | -€2,708 | -9.6% |
| Other operating charges | 640/8 | €13,792 | €802 | -€12,990 | -94.2% |
| Gross operating margin | 9900 | €48,177 | €35,446 | -€12,731 | -26.4% |
| Operating profit (loss) | 9901 | €6,072 | €9,039 | +€2,967 | +48.9% |
| Financial income | 75/76B | €95 | €16 | -€79 | -83.3% |
| Recurring financial income | 75 | €95 | €16 | -€79 | -83.3% |
| Financial charges | 65/66B | €5,122 | €5,354 | +€232 | +4.5% |
| Recurring financial charges | 65 | €5,122 | €5,354 | +€232 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €1,045 | €3,701 | +€2,656 | +254.1% |
| Income taxes | 67/77 | €672 | €1,605 | +€933 | +138.8% |
| Profit (loss) for the period | 9904 | €373 | €2,096 | +€1,722 | +461.7% |
| Profit (loss) for the period to be appropriated | 9905 | €373 | €2,096 | +€1,722 | +461.7% |
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 7 October 2026 via checked.be.