Dirk Derycke: 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 Derycke
Largest movements
- Cash +€204,120
up €204,120 (+58.0%), from €352,226 to €556,345
mainly Net result for the year (+€207,420) and Receivables within one year (+€27,232)
- Receivables within one year -€27,232
no longer reported in 2025 (was €27,232)
of which Trade receivables: -€27,225
- Reserves +€205,720
up €205,720 (+77.3%), from €266,144 to €471,864
- Tax, wage and social debts -€25,788
down €25,788 (-24.3%), from €106,022 to €80,234
- Gross operating margin -€83,107
down €83,107 (-23.4%), from €355,251 to €272,144
- Taxes -€19,640
down €19,640 (-23.4%), from €84,004 to €64,363
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 | €384,201 | €560,067 | +€175,867 | +45.8% |
| Fixed assets | 21/28 | €3,031 | €1,957 | -€1,074 | -35.4% |
| Tangible fixed assets | 22/27 | €3,031 | €1,957 | -€1,074 | -35.4% |
| Furniture and vehicles | 24 | €3,031 | €1,957 | -€1,074 | -35.4% |
| Current assets | 29/58 | €381,170 | €558,110 | +€176,941 | +46.4% |
| Amounts receivable within one year | 40/41 | €27,232 | - | -€27,232 | |
| Trade receivables | 40 | €27,225 | - | -€27,225 | |
| Other amounts receivable | 41 | €7 | - | -€7 | |
| Cash at bank and in hand | 54/58 | €352,226 | €556,345 | +€204,120 | +58.0% |
| Deferred charges and accrued income | 490/1 | €1,711 | €1,765 | +€54 | +3.1% |
| Total equity and liabilities | 10/49 | €384,201 | €560,067 | +€175,867 | +45.8% |
| Equity | 10/15 | €271,144 | €476,864 | +€205,720 | +75.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €266,144 | €471,864 | +€205,720 | +77.3% |
| Distributable reserves | 133 | €266,144 | €471,864 | +€205,720 | +77.3% |
| Amounts payable | 17/49 | €113,057 | €83,204 | -€29,853 | -26.4% |
| Amounts payable within one year | 42/48 | €113,057 | €83,204 | -€29,853 | -26.4% |
| Trade debts | 44 | €806 | €354 | -€452 | -56.1% |
| Suppliers | 440/4 | €806 | €354 | -€452 | -56.1% |
| Taxes, remuneration and social security | 45 | €106,022 | €80,234 | -€25,788 | -24.3% |
| Taxes | 450/3 | €106,022 | €80,234 | -€25,788 | -24.3% |
| Other amounts payable | 47/48 | €6,228 | €2,616 | -€3,612 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,231 | €2,767 | +€535 | +24.0% |
| Other operating charges | 640/8 | €1,121 | €600 | -€521 | -46.5% |
| Gross operating margin | 9900 | €355,251 | €272,144 | -€83,107 | -23.4% |
| Operating profit (loss) | 9901 | €351,899 | €268,778 | -€83,121 | -23.6% |
| Financial income | 75/76B | - | €3,076 | +€3,076 | |
| Recurring financial income | 75 | - | €3,076 | +€3,076 | |
| Financial charges | 65/66B | €51 | €70 | +€19 | +37.4% |
| Recurring financial charges | 65 | €51 | €70 | +€19 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €351,847 | €271,783 | -€80,065 | -22.8% |
| Income taxes | 67/77 | €84,004 | €64,363 | -€19,640 | -23.4% |
| Profit (loss) for the period | 9904 | €267,844 | €207,420 | -€60,424 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €267,844 | €207,420 | -€60,424 | -22.6% |
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 26 October 2026 via checked.be.