Dirk Arts: 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.
Dirk Arts
Largest movements
- Current investments -€1.2m
down €1.2m (-46.3%), from €2.7m to €1.5m
- Cash +€373,672
up €373,672 (+67.1%), from €557,218 to €930,890
mainly Net result for the year (+€1.3m) and Current investments (+€1.2m)
- Other debts -€1.1m
down €1.1m (-36.2%), from €3.0m to €1.9m
- Reserves +€161,759
up €161,759 (+23.9%), from €675,493 to €837,252
- Gross operating margin +€418,069
up €418,069 (+35.0%), from €1.2m to €1.6m
- Taxes +€127,555
up €127,555 (+41.2%), from €309,936 to €437,491
- Financial income +€49,266
up €49,266 (+68.1%), from €72,343 to €121,609
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 | €3,739,064 | €2,850,211 | -€888,853 | -23.8% |
| Fixed assets | 21/28 | €8,065 | €5,007 | -€3,057 | -37.9% |
| Tangible fixed assets | 22/27 | €8,065 | €5,007 | -€3,057 | -37.9% |
| Furniture and vehicles | 24 | €1,092 | €359 | -€733 | -67.2% |
| Other tangible fixed assets | 26 | €6,973 | €4,649 | -€2,324 | -33.3% |
| Current assets | 29/58 | €3,730,999 | €2,845,204 | -€885,795 | -23.7% |
| Amounts receivable within one year | 40/41 | €472,125 | €462,435 | -€9,690 | -2.1% |
| Trade receivables | 40 | €325,442 | €462,435 | +€136,993 | +42.1% |
| Other amounts receivable | 41 | €146,683 | €0 | -€146,683 | -100.0% |
| Current investments | 50/53 | €2,701,656 | €1,451,878 | -€1.2m | -46.3% |
| Cash at bank and in hand | 54/58 | €557,218 | €930,890 | +€373,672 | +67.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,739,064 | €2,850,211 | -€888,853 | -23.8% |
| Equity | 10/15 | €695,493 | €857,252 | +€161,759 | +23.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €675,493 | €837,252 | +€161,759 | +23.9% |
| Distributable reserves | 133 | €675,493 | €837,252 | +€161,759 | +23.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,043,571 | €1,992,959 | -€1.1m | -34.5% |
| Amounts payable within one year | 42/48 | €3,043,571 | €1,992,959 | -€1.1m | -34.5% |
| Trade debts | 44 | €53 | €2,260 | +€2,207 | +4142.5% |
| Suppliers | 440/4 | €53 | €2,260 | +€2,207 | +4142.5% |
| Taxes, remuneration and social security | 45 | €45,797 | €77,218 | +€31,421 | +68.6% |
| Taxes | 450/3 | €45,797 | €77,218 | +€31,421 | +68.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,997,720 | €1,913,481 | -€1.1m | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,057 | €3,057 | = | 0.0% |
| Other operating charges | 640/8 | €5,639 | €5,134 | -€506 | -9.0% |
| Gross operating margin | 9900 | €1,195,019 | €1,613,089 | +€418,069 | +35.0% |
| Operating profit (loss) | 9901 | €1,186,323 | €1,604,898 | +€418,575 | +35.3% |
| Financial income | 75/76B | €72,343 | €121,609 | +€49,266 | +68.1% |
| Recurring financial income | 75 | €72,343 | €121,609 | +€49,266 | +68.1% |
| Financial charges | 65/66B | €5,549 | €13,197 | +€7,648 | +137.8% |
| Recurring financial charges | 65 | €5,549 | €13,197 | +€7,648 | +137.8% |
| Profit (loss) for the period before taxes | 9903 | €1,253,117 | €1,713,310 | +€460,194 | +36.7% |
| Income taxes | 67/77 | €309,936 | €437,491 | +€127,555 | +41.2% |
| Profit (loss) for the period | 9904 | €943,181 | €1,275,819 | +€332,639 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €943,181 | €1,275,819 | +€332,639 | +35.3% |
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 12 October 2026 via checked.be.