Dirk Duchateau: 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 Duchateau
Largest movements
- Tangible fixed assets -€13,241
down €13,241 (-33.2%), from €39,827 to €26,586
of which Furniture and vehicles: -€10,864
- Cash -€9,808
down €9,808 (-42.6%), from €23,012 to €13,204
mainly Tax, wage and social debts (-€16,104) and Net result for the year (-€7,810)
- Receivables within one year +€3,406
up €3,406 (+35.8%), from €9,503 to €12,909
of which Trade receivables: +€3,393
- Deferred charges and accrued income -€1,056
down €1,056 (-47.2%), from €2,239 to €1,183
- Tax, wage and social debts -€16,104
down €16,104 (-80.4%), from €20,038 to €3,934
of which Remuneration and social security: -€11,762
- Profit (loss) carried forward -€7,810
down €7,810 (-89.5%), from -€8,731 to -€16,540
- Debts after one year -€7,209
down €7,209 (-39.0%), from €18,485 to €11,276
- Other debts +€7,108
up €7,108 (+64.0%), from €11,099 to €18,207
- Trade debts +€3,700
up €3,700 (+1,291%), from €287 to €3,986
- Other operating charges +€324
up €324 (+14.7%), from €2,200 to €2,524
- Financial charges -€229
down €229 (-14.5%), from €1,583 to €1,354
- Gross operating margin -€149
down €149 (-1.5%), from €9,601 to €9,453
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 | €74,581 | €53,882 | -€20,699 | -27.8% |
| Fixed assets | 21/28 | €39,827 | €26,586 | -€13,241 | -33.2% |
| Tangible fixed assets | 22/27 | €39,827 | €26,586 | -€13,241 | -33.2% |
| Plant, machinery and equipment | 23 | €1,383 | €674 | -€709 | -51.2% |
| Furniture and vehicles | 24 | €35,433 | €24,570 | -€10,864 | -30.7% |
| Other tangible fixed assets | 26 | €3,011 | €1,342 | -€1,669 | -55.4% |
| Current assets | 29/58 | €34,754 | €27,296 | -€7,458 | -21.5% |
| Amounts receivable within one year | 40/41 | €9,503 | €12,909 | +€3,406 | +35.8% |
| Trade receivables | 40 | €7,803 | €11,196 | +€3,393 | +43.5% |
| Other amounts receivable | 41 | €1,700 | €1,713 | +€13 | +0.7% |
| Cash at bank and in hand | 54/58 | €23,012 | €13,204 | -€9,808 | -42.6% |
| Deferred charges and accrued income | 490/1 | €2,239 | €1,183 | -€1,056 | -47.2% |
| Total equity and liabilities | 10/49 | €74,581 | €53,882 | -€20,699 | -27.8% |
| Equity | 10/15 | €16,719 | €8,910 | -€7,810 | -46.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €23,950 | €23,950 | = | 0.0% |
| Distributable reserves | 133 | €23,950 | €23,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,731 | -€16,540 | -€7,810 | -89.5% |
| Amounts payable | 17/49 | €57,861 | €44,972 | -€12,890 | -22.3% |
| Amounts payable after more than one year | 17 | €18,485 | €11,276 | -€7,209 | -39.0% |
| Financial debts | 170/4 | €18,485 | €11,276 | -€7,209 | -39.0% |
| Amounts payable within one year | 42/48 | €39,043 | €33,696 | -€5,347 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €7,620 | €7,569 | -€52 | -0.7% |
| Trade debts | 44 | €287 | €3,986 | +€3,700 | +1,291% |
| Suppliers | 440/4 | €287 | €3,986 | +€3,700 | +1,291% |
| Taxes, remuneration and social security | 45 | €20,038 | €3,934 | -€16,104 | -80.4% |
| Taxes | 450/3 | €6,726 | €2,384 | -€4,342 | -64.6% |
| Remuneration and social security | 454/9 | €13,312 | €1,550 | -€11,762 | -88.4% |
| Other amounts payable | 47/48 | €11,099 | €18,207 | +€7,108 | +64.0% |
| Accrued charges and deferred income | 492/3 | €333 | - | -€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,256 | €13,241 | -€15 | -0.1% |
| Other operating charges | 640/8 | €2,200 | €2,524 | +€324 | +14.7% |
| Gross operating margin | 9900 | €9,601 | €9,453 | -€149 | -1.5% |
| Operating profit (loss) | 9901 | -€5,855 | -€6,313 | -€458 | -7.8% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.8% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.8% |
| Financial charges | 65/66B | €1,583 | €1,354 | -€229 | -14.5% |
| Recurring financial charges | 65 | €1,583 | €1,354 | -€229 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,422 | -€7,667 | -€244 | -3.3% |
| Income taxes | 67/77 | €152 | €143 | -€9 | -5.8% |
| Profit (loss) for the period | 9904 | -€7,574 | -€7,810 | -€236 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,574 | -€7,810 | -€236 | -3.1% |
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 24 October 2026 via checked.be.