DIRK ERREYGERS: 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 ERREYGERS
Largest movements
- Cash -€335,145
down €335,145 (-53.6%), from €625,138 to €289,994
mainly Contributions, distributions and other (-€315,967) and Receivables within one year (-€160,372)
- Receivables within one year +€160,372
up €160,372 (+186%), from €86,195 to €246,567
of which Other amounts receivable: +€126,913
- Tangible fixed assets -€29,561
down €29,561 (-3.9%), from €757,476 to €727,915
of which Land and buildings: -€28,656
- Reserves -€92,867
down €92,867 (-7.0%), from €1.3m to €1.2m
of which Distributable reserves: -€92,867
- Other debts -€68,692
down €68,692 (-99.0%), from €69,355 to €663
- Current portion of long-term debt -€47,639
no longer reported in 2025 (was €47,639)
- Gross operating margin +€100,152
up €100,152 (+39.6%), from €252,661 to €352,813
- Taxes +€30,471
up €30,471 (+41.3%), from €73,818 to €104,289
- Financial income -€7,403
down €7,403 (-44.1%), from €16,800 to €9,397
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 | €1,475,581 | €1,269,931 | -€205,650 | -13.9% |
| Fixed assets | 21/28 | €757,476 | €727,915 | -€29,561 | -3.9% |
| Tangible fixed assets | 22/27 | €757,476 | €727,915 | -€29,561 | -3.9% |
| Land and buildings | 22 | €753,576 | €724,920 | -€28,656 | -3.8% |
| Furniture and vehicles | 24 | €2,769 | €2,165 | -€604 | -21.8% |
| Other tangible fixed assets | 26 | €1,131 | €830 | -€301 | -26.6% |
| Current assets | 29/58 | €718,104 | €542,016 | -€176,088 | -24.5% |
| Amounts receivable within one year | 40/41 | €86,195 | €246,567 | +€160,372 | +186% |
| Trade receivables | 40 | €664 | €34,123 | +€33,459 | +5,040% |
| Other amounts receivable | 41 | €85,531 | €212,444 | +€126,913 | +148% |
| Cash at bank and in hand | 54/58 | €625,138 | €289,994 | -€335,145 | -53.6% |
| Deferred charges and accrued income | 490/1 | €6,771 | €5,455 | -€1,316 | -19.4% |
| Total equity and liabilities | 10/49 | €1,475,581 | €1,269,931 | -€205,650 | -13.9% |
| Equity | 10/15 | €1,329,099 | €1,236,232 | -€92,867 | -7.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,328,999 | €1,236,132 | -€92,867 | -7.0% |
| Tax-exempt reserves | 132 | €52,500 | €52,500 | = | 0.0% |
| Distributable reserves | 133 | €1,276,499 | €1,183,632 | -€92,867 | -7.3% |
| Amounts payable | 17/49 | €146,482 | €33,699 | -€112,782 | -77.0% |
| Amounts payable within one year | 42/48 | €145,502 | €32,645 | -€112,857 | -77.6% |
| Current portion of amounts payable after more than one year | 42 | €47,639 | - | -€47,639 | |
| Trade debts | 44 | €2,834 | €2,796 | -€37 | -1.3% |
| Suppliers | 440/4 | €2,834 | €2,796 | -€37 | -1.3% |
| Taxes, remuneration and social security | 45 | €25,674 | €29,185 | +€3,511 | +13.7% |
| Taxes | 450/3 | €25,674 | €29,185 | +€3,511 | +13.7% |
| Other amounts payable | 47/48 | €69,355 | €663 | -€68,692 | -99.0% |
| Accrued charges and deferred income | 492/3 | €980 | €1,055 | +€75 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,155 | €29,561 | -€594 | -2.0% |
| Other operating charges | 640/8 | €3,864 | €3,863 | -€1 | 0.0% |
| Gross operating margin | 9900 | €252,661 | €352,813 | +€100,152 | +39.6% |
| Operating profit (loss) | 9901 | €218,642 | €319,389 | +€100,746 | +46.1% |
| Financial income | 75/76B | €16,800 | €9,397 | -€7,403 | -44.1% |
| Recurring financial income | 75 | €16,800 | €9,397 | -€7,403 | -44.1% |
| Financial charges | 65/66B | €1,777 | €1,397 | -€380 | -21.4% |
| Recurring financial charges | 65 | €1,777 | €1,397 | -€380 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €233,666 | €327,389 | +€93,723 | +40.1% |
| Income taxes | 67/77 | €73,818 | €104,289 | +€30,471 | +41.3% |
| Profit (loss) for the period | 9904 | €159,847 | €223,100 | +€63,252 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €159,847 | €223,100 | +€63,252 | +39.6% |
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 24 October 2026 via checked.be.