DIRK BROES: 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 BROES
Largest movements
- Cash +€321,955
up €321,955 (+862.8%), from €37,315 to €359,270
mainly Receivables within one year (+€227,898) and Net result for the year (+€173,708)
- Receivables within one year -€227,898
down €227,898 (-39.7%), from €573,835 to €345,937
of which Trade receivables: -€193,903
- Tangible fixed assets -€88,108
down €88,108 (-3.9%), from €2.3m to €2.2m
of which Land and buildings: -€74,930
- Reserves +€173,708
up €173,708 (+13.7%), from €1.3m to €1.4m
of which Non-distributable reserves: +€173,708
- Debts after one year -€73,096
down €73,096 (-6.5%), from €1.1m to €1.1m
- Trade debts -€35,518
down €35,518 (-26.1%), from €136,218 to €100,700
- Write-downs +€51,572
up €51,572 (+304.2%), from €16,955 to €68,526
- Depreciation -€42,524
down €42,524 (-22.9%), from €185,540 to €143,016
- Financial charges -€14,556
down €14,556 (-18.5%), from €78,806 to €64,250
- Staff costs -€9,415
down €9,415 (-7.2%), from €131,424 to €122,008
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 | €2,951,778 | €2,965,383 | +€13,605 | +0.5% |
| Fixed assets | 21/28 | €2,292,818 | €2,203,844 | -€88,974 | -3.9% |
| Intangible fixed assets | 21 | €2,715 | €1,840 | -€876 | -32.2% |
| Tangible fixed assets | 22/27 | €2,285,751 | €2,197,643 | -€88,108 | -3.9% |
| Land and buildings | 22 | €2,100,657 | €2,025,727 | -€74,930 | -3.6% |
| Plant, machinery and equipment | 23 | €163,641 | €143,373 | -€20,268 | -12.4% |
| Furniture and vehicles | 24 | €21,453 | €28,543 | +€7,089 | +33.0% |
| Financial fixed assets | 28 | €4,352 | €4,362 | +€10 | +0.2% |
| Current assets | 29/58 | €658,961 | €761,540 | +€102,579 | +15.6% |
| Stocks and contracts in progress | 3 | €40,169 | €43,232 | +€3,063 | +7.6% |
| Stocks | 30/36 | €40,169 | €43,232 | +€3,063 | +7.6% |
| Amounts receivable within one year | 40/41 | €573,835 | €345,937 | -€227,898 | -39.7% |
| Trade receivables | 40 | €526,197 | €332,294 | -€193,903 | -36.8% |
| Other amounts receivable | 41 | €47,638 | €13,643 | -€33,995 | -71.4% |
| Cash at bank and in hand | 54/58 | €37,315 | €359,270 | +€321,955 | +862.8% |
| Deferred charges and accrued income | 490/1 | €7,642 | €13,101 | +€5,459 | +71.4% |
| Total equity and liabilities | 10/49 | €2,951,778 | €2,965,383 | +€13,605 | +0.5% |
| Equity | 10/15 | €1,290,332 | €1,464,041 | +€173,708 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,271,732 | €1,445,441 | +€173,708 | +13.7% |
| Non-distributable reserves | 130/1 | €1,073,775 | €1,247,483 | +€173,708 | +16.2% |
| Reserves not available under the articles | 1311 | €12,846 | €12,846 | = | 0.0% |
| Other | 1319 | €1,060,929 | €1,234,637 | +€173,708 | +16.4% |
| Tax-exempt reserves | 132 | €3,199 | €3,199 | = | 0.0% |
| Distributable reserves | 133 | €194,759 | €194,759 | = | 0.0% |
| Amounts payable | 17/49 | €1,661,446 | €1,501,343 | -€160,103 | -9.6% |
| Amounts payable after more than one year | 17 | €1,123,369 | €1,050,273 | -€73,096 | -6.5% |
| Financial debts | 170/4 | €1,123,369 | €1,050,273 | -€73,096 | -6.5% |
| Amounts payable within one year | 42/48 | €520,155 | €435,798 | -€84,357 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €98,927 | €73,096 | -€25,831 | -26.1% |
| Trade debts | 44 | €136,218 | €100,700 | -€35,518 | -26.1% |
| Suppliers | 440/4 | €136,218 | €100,700 | -€35,518 | -26.1% |
| Advances received on contracts in progress | 46 | €9,430 | €7,430 | -€2,000 | -21.2% |
| Taxes, remuneration and social security | 45 | €60,157 | €36,902 | -€23,255 | -38.7% |
| Taxes | 450/3 | €43,195 | €20,813 | -€22,382 | -51.8% |
| Remuneration and social security | 454/9 | €16,962 | €16,089 | -€873 | -5.1% |
| Other amounts payable | 47/48 | €215,424 | €217,671 | +€2,247 | +1.0% |
| Accrued charges and deferred income | 492/3 | €17,922 | €15,271 | -€2,651 | -14.8% |
| Remuneration, social security and pensions | 62 | €131,424 | €122,008 | -€9,415 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,540 | €143,016 | -€42,524 | -22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,955 | €68,526 | +€51,572 | +304.2% |
| Other operating charges | 640/8 | €10,228 | €10,472 | +€244 | +2.4% |
| Non-recurring operating charges | 66A | €100 | €1,963 | +€1,863 | +1863.4% |
| Gross operating margin | 9900 | €674,075 | €667,634 | -€6,441 | -1.0% |
| Operating profit (loss) | 9901 | €329,828 | €321,647 | -€8,180 | -2.5% |
| Financial income | 75/76B | €2,144 | €247 | -€1,898 | -88.5% |
| Recurring financial income | 75 | €2,144 | €247 | -€1,898 | -88.5% |
| Financial charges | 65/66B | €78,806 | €64,250 | -€14,556 | -18.5% |
| Recurring financial charges | 65 | €78,806 | €64,250 | -€14,556 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €253,166 | €257,644 | +€4,478 | +1.8% |
| Income taxes | 67/77 | €78,256 | €83,936 | +€5,681 | +7.3% |
| Profit (loss) for the period | 9904 | €174,911 | €173,708 | -€1,202 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €174,911 | €173,708 | -€1,202 | -0.7% |
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 9 October 2026 via checked.be.