DIRK BAUWENS: 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 BAUWENS
Largest movements
- Receivables after one year -€8,474
down €8,474 (-3.5%), from €242,182 to €233,708
- Profit (loss) carried forward -€3,949
down €3,949 (-24.9%), from €15,870 to €11,921
- Other debts -€2,706
down €2,706 (-75.5%), from €3,584 to €878
- Depreciation -€580
down €580 (-100%), from €580 to €0
- Gross operating margin -€384
down €384 (-9.8%), from -€3,900 to -€4,284
- Financial income -€84
down €84 (-3.4%), from €2,467 to €2,383
- Other operating charges -€50
down €50 (-2.5%), from €2,026 to €1,976
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 | €243,030 | €235,163 | -€7,866 | -3.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €243,030 | €235,163 | -€7,866 | -3.2% |
| Amounts receivable after more than one year | 29 | €242,182 | €233,708 | -€8,474 | -3.5% |
| Other amounts receivable | 291 | €242,182 | €233,708 | -€8,474 | -3.5% |
| Amounts receivable within one year | 40/41 | €740 | €1,455 | +€715 | +96.6% |
| Other amounts receivable | 41 | €740 | €1,455 | +€715 | +96.6% |
| Cash at bank and in hand | 54/58 | €107 | €0 | -€107 | -99.9% |
| Total equity and liabilities | 10/49 | €243,030 | €235,163 | -€7,866 | -3.2% |
| Equity | 10/15 | €235,106 | €231,157 | -€3,949 | -1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,036 | €213,036 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €211,176 | €211,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,870 | €11,921 | -€3,949 | -24.9% |
| Amounts payable | 17/49 | €7,924 | €4,006 | -€3,918 | -49.4% |
| Amounts payable within one year | 42/48 | €7,924 | €4,006 | -€3,918 | -49.4% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €3,600 | €1,670 | -€1,930 | -53.6% |
| Suppliers | 440/4 | €3,600 | €1,670 | -€1,930 | -53.6% |
| Taxes, remuneration and social security | 45 | €740 | €1,455 | +€715 | +96.6% |
| Taxes | 450/3 | €740 | €1,455 | +€715 | +96.6% |
| Other amounts payable | 47/48 | €3,584 | €878 | -€2,706 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €0 | -€580 | -100% |
| Other operating charges | 640/8 | €2,026 | €1,976 | -€50 | -2.5% |
| Gross operating margin | 9900 | -€3,900 | -€4,284 | -€384 | -9.8% |
| Operating profit (loss) | 9901 | -€6,506 | -€6,260 | +€246 | +3.8% |
| Financial income | 75/76B | €2,467 | €2,383 | -€84 | -3.4% |
| Recurring financial income | 75 | €2,467 | €2,383 | -€84 | -3.4% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.0% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,106 | -€3,949 | +€157 | +3.8% |
| Profit (loss) for the period | 9904 | -€4,106 | -€3,949 | +€157 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,106 | -€3,949 | +€157 | +3.8% |
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 30 October 2026 via checked.be.