DIRK BIERMANS: 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.
What changed
DIRK BIERMANS
NACE 01.610, Support activities for crop production
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€87,580
2025 · €215,088-€127,508
Equity
€890,097
2025 · €802,517+€87,580
Cash
€36,060
2025 · €48,338-€12,278
Balance sheet total
€3.0m
2025 · €3.0m+€83,858
Largest movements
Assets
- Tangible fixed assets +€71,228
up €71,228 (+2.8%), from €2.6m to €2.7m
of which Furniture and vehicles: +€109,163
Equity and liabilities
- Current portion of long-term debt +€68,754
up €68,754 (+18.8%), from €365,737 to €434,491
- Trade debts -€63,178
down €63,178 (-33.8%), from €186,888 to €123,710
- Profit (loss) carried forward +€59,351
up €59,351 (+10.5%), from €566,300 to €625,651
Income statement
- Depreciation +€149,106
up €149,106 (+34.1%), from €437,615 to €586,721
- Gross operating margin -€75,838
down €75,838 (-6.8%), from €1.1m to €1.0m
- Staff costs -€62,264
down €62,264 (-17.0%), from €366,308 to €304,044
From the 2025 result to the 2026 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.
Result 2025
€215,088
Gross operating margin
-€75,838
Staff costs
+€62,264
Depreciation
-€149,106
Other operating charges
-€146
Financial income
-€136
Financial charges
-€7,375
Deferred taxes and other
+€42,830
Result 2026
€87,580
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€588,408
Investment
-€657,949
Financing
+€57,263
Cash 2025
€48,338
From operations (derived)
+€588,408
Net result for the year
+€87,580
Depreciation
+€586,721
Receivables within one year
-€18,935
Deferred charges and accrued income
-€5,973
Provisions
+€9,410
Trade debts
-€63,178
Tax, wage and social debts
-€3,130
Other debts
-€4,087
Investment (derived)
-€657,949
Investment in fixed assets (net)
-€657,949
Financing
+€57,263
Debts after one year
-€11,491
Current portion of long-term debt
+€68,754
Cash 2026
€36,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,952,035 | €3,035,893 | +€83,858 | +2.8% |
| Fixed assets | 21/28 | €2,584,515 | €2,655,744 | +€71,228 | +2.8% |
| Tangible fixed assets | 22/27 | €2,584,515 | €2,655,744 | +€71,228 | +2.8% |
| Land and buildings | 22 | €286,653 | €255,746 | -€30,907 | -10.8% |
| Plant, machinery and equipment | 23 | €161,034 | €154,007 | -€7,027 | -4.4% |
| Furniture and vehicles | 24 | €2,136,828 | €2,245,991 | +€109,163 | +5.1% |
| Current assets | 29/58 | €367,520 | €380,150 | +€12,630 | +3.4% |
| Amounts receivable within one year | 40/41 | €293,635 | €312,570 | +€18,935 | +6.4% |
| Trade receivables | 40 | €251,061 | €288,194 | +€37,133 | +14.8% |
| Other amounts receivable | 41 | €42,574 | €24,376 | -€18,198 | -42.7% |
| Cash at bank and in hand | 54/58 | €48,338 | €36,060 | -€12,278 | -25.4% |
| Deferred charges and accrued income | 490/1 | €25,547 | €31,520 | +€5,973 | +23.4% |
| Total equity and liabilities | 10/49 | €2,952,035 | €3,035,893 | +€83,858 | +2.8% |
| Equity | 10/15 | €802,517 | €890,097 | +€87,580 | +10.9% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €191,218 | €219,447 | +€28,229 | +14.8% |
| Tax-exempt reserves | 132 | €156,718 | €184,947 | +€28,229 | +18.0% |
| Distributable reserves | 133 | €34,500 | €34,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €566,300 | €625,651 | +€59,351 | +10.5% |
| Provisions and deferred taxes | 16 | €52,239 | €61,649 | +€9,410 | +18.0% |
| Deferred taxes | 168 | €52,239 | €61,649 | +€9,410 | +18.0% |
| Amounts payable | 17/49 | €2,097,278 | €2,084,147 | -€13,132 | -0.6% |
| Amounts payable after more than one year | 17 | €1,504,131 | €1,492,640 | -€11,491 | -0.8% |
| Financial debts | 170/4 | €1,094,131 | €1,134,640 | +€40,509 | +3.7% |
| Other amounts payable | 178/9 | €410,000 | €358,000 | -€52,000 | -12.7% |
| Amounts payable within one year | 42/48 | €593,148 | €591,507 | -€1,641 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €365,737 | €434,491 | +€68,754 | +18.8% |
| Trade debts | 44 | €186,888 | €123,710 | -€63,178 | -33.8% |
| Suppliers | 440/4 | €186,888 | €123,710 | -€63,178 | -33.8% |
| Taxes, remuneration and social security | 45 | €13,704 | €10,574 | -€3,130 | -22.8% |
| Taxes | 450/3 | €48 | - | -€48 | |
| Remuneration and social security | 454/9 | €13,656 | €10,574 | -€3,083 | -22.6% |
| Other amounts payable | 47/48 | €26,819 | €22,732 | -€4,087 | -15.2% |
| Remuneration, social security and pensions | 62 | €366,308 | €304,044 | -€62,264 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437,615 | €586,721 | +€149,106 | +34.1% |
| Other operating charges | 640/8 | €6,400 | €6,545 | +€146 | +2.3% |
| Gross operating margin | 9900 | €1,109,470 | €1,033,632 | -€75,838 | -6.8% |
| Operating profit (loss) | 9901 | €299,148 | €136,322 | -€162,826 | -54.4% |
| Financial income | 75/76B | €136 | - | -€136 | |
| Recurring financial income | 75 | €136 | - | -€136 | |
| Financial charges | 65/66B | €31,957 | €39,332 | +€7,375 | +23.1% |
| Recurring financial charges | 65 | €31,957 | €39,332 | +€7,375 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €267,327 | €96,990 | -€170,338 | -63.7% |
| Transfer from deferred taxes | 780 | €2,761 | €6,840 | +€4,080 | +148% |
| Transfer to deferred taxes | 680 | €55,000 | €16,250 | -€38,750 | -70.5% |
| Profit (loss) for the period | 9904 | €215,088 | €87,580 | -€127,508 | -59.3% |
| Transfer from tax-exempt reserves | 789 | €8,282 | €20,521 | +€12,239 | +148% |
| Transfer to tax-exempt reserves | 689 | €165,000 | €48,750 | -€116,250 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,370 | €59,351 | +€981 | +1.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.